Goldman Sachs International Lists New Structured Product on JSE Limited
Goldman Sachs International, a leading financial institution, has announced the listing of a new structured product on the Johannesburg Stock Exchange (JSE) Limited. This listing marks a significant milestone for the company, enabling it to tap into the South African market with its Series P Programme. The new listing includes a basket of shares from prominent South African companies, including ABSA Group Limited, Nedbank Group Ltd, and Old Mutual Ltd.
Key Takeaways:
- Goldman Sachs International has listed a new structured product, GS095C, on the JSE Limited under the Series P Programme.
- The product is a warrant, note, and certificate issuance with a nominal amount of ZAR100,000,000.00 and an issue price of ZAR1,000.00 per note.
- The product is backed by a basket of shares from ABSA Group Limited, Nedbank Group Ltd, and Old Mutual Ltd.
- The finalisation date for the product is Monday, 19 August 2030, with the last day to trade set for Tuesday, 20 August 2030.
- The product will be terminated on Thursday, 29 August 2030.
- The debt sponsor for this product is The Standard Bank of South Africa Limited.
Statistics:
- Nominal amount of the product: ZAR100,000,000.00
- Issue price per note: ZAR1,000.00
- Number of shares in the basket: 100,000,000 (assuming equal weighting among the three companies)
- Weighting of shares in the basket:
+ ABSA Group Limited: 33.33%
+ Nedbank Group Ltd: 33.33%
+ Old Mutual Ltd: 33.33%
- Finalisation date: Monday, 19 August 2030
- Last day to trade: Tuesday, 20 August 2030
- Suspension date: Wednesday, 21 August 2030
- Record date: Friday, 23 August 2030
- Final maturity/settlement date: Wednesday, 28 August 2030
- Termination date: Thursday, 29 August 2030
Sources:
- Johannesburg Stock Exchange (JSE) Limited: Company announcement for Goldman Sachs International listing
- Goldman Sachs International: Structured Product Issuance Document
- The Standard Bank of South Africa Limited: Debt Sponsor information