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