Goldman Sachs enters into prepaid variable share forward transactions with clients of its Private Wealth Management and Global Markets divisions
Client(s) Goldman Sachs & Co. LLC
Jones Day represented Goldman Sachs & Co. LLC in prepaid variable share forward (PVSF) transactions entered into with clients of its Private Wealth Management and Global Markets divisions. A PVSF contract allows investors to receive a percentage of the current market value of a stock in prepaid payments in exchange for a variable number of stocks in the future, subject to a cap and floor price.