GOLDMAN SACHS INTERNATIONAL - New listing notification GS240C
What this filing means
The JSE granted GS240C a Main Board listing effective 27 October 2026. The note has a nominal amount of ZAR100 million and an issue price of ZAR1,000 per note, with final maturity and settlement scheduled for 27 October 2031. Its reference basket is the ordinary shares of ABSA, FirstRand and Standard Bank. It is a listing notification for a structured product, not news about any of those banks.
This is a notice that the JSE has granted a listing for a new Goldman Sachs structured note, GS240C, with effect from 27 October 2026. The notice names ABSA, FirstRand and Standard Bank ordinary shares as the reference basket, but the payoff formula and the note's economics are not set out here — those sit in the applicable pricing supplement. It tells you the product has been admitted and carries a code; it says nothing about the banks' own prospects or about Goldman's view of them.
Bear case
- The notice gives no strike, participation factor, barrier or weighting for the basket, so the note's economics cannot be assessed from this announcement.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical listing notice. It confirms the JSE admitted GS240C, a ZAR100m five-year note linked to a basket of ABSA, FirstRand and Standard Bank shares, and sets out the maturity timetable. The filing provides no accounting, earnings or capital-impact assessment of the new note for the issuer, the guarantor or the three banks in the basket, and the payoff terms sit in the pricing supplement rather than this notice. So what: the pricing supplement is where the note's actual economics are set out.
The applicable pricing supplement is where the note's payoff terms and the basket weighting are set out.
Evidence from the filing
The listing is mechanical and the note's payoff terms are not in this notice.
“The JSE Limited has granted a listing to Goldman Sachs International under the Series P Programme for”
Nominal size of the issue.
“Nominal Amount ZAR100,000,000.00.”
The basket is three listed bank shares.
“A basket of shares comprising of:”
The payoff terms sit in the pricing supplement, not this notice.
“Applicable Pricing Supplement: www.goldmansachs.co.za/en/services/pricingsupplements”
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