Bond GOLDMAN SACHS GLOBAL 0% ( XS2403748978 ) in USD

Issuer GOLDMAN SACHS GLOBAL
Market price 100 %  ⇌ 
Country  United Kingdom
ISIN code  XS2403748978 ( in USD )
Interest rate 0%
Maturity 25/10/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 5 000 000 USD
Detailed description This financial article provides an overview of a specific fixed-income instrument, bond ISIN XS2403748978, which has recently concluded its lifecycle, having matured and been successfully redeemed. The bond was issued by Goldman Sachs International, a significant and integral part of The Goldman Sachs Group, Inc., a globally recognized leading financial institution providing a broad range of investment banking, securities, investment management, and consumer banking services to a large and diversified client base. Operating from the United Kingdom, Goldman Sachs International serves as a cornerstone of the firm's European and international operations, upholding its reputation for robust financial management and market expertise. The bond, identified by its ISIN code XS2403748978, was a standard obligation issued from the United Kingdom with its principal denominated in U.S. Dollars (USD). The total size of this particular issuance was 5,000,000 USD, with a minimum investment threshold set at 1,000 USD. Notably, this bond carried a 0% interest rate, indicating it was likely structured as a zero-coupon instrument where the return to investors was derived from its redemption at par, at 100% of its face value, rather than periodic coupon payments. While a payment frequency of 2 was specified in its original terms, this characteristic, alongside the zero-coupon feature, typically implies a structure where the full principal amount, or a pre-determined value, is paid out upon maturity. The scheduled maturity date for this instrument was October 25, 2024. As of this date, the bond has successfully reached its full maturity and has been redeemed at 100% of its principal amount. This successful redemption at the current market price of 100% ensures that investors received their full initial capital back, underscoring Goldman Sachs International's commitment to honoring its financial commitments and completing the bond's lifecycle as stipulated in its terms. The conclusion of this bond's term marks a routine, successful transaction in the fixed-income market.