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Published on 8/11/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $262,000 index-linked notes tied to BlackRock

By Kiku Steinfeld

Chicago, Aug. 11 – GS Finance Corp. priced $262,000 of 0% index-linked notes due Aug. 2, 2027 tied to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 1.05 times the index gain. If the index return is zero or negative, the payout will be par.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:BlackRock Dynamic Factor index
Amount:$262,000
Maturity:Aug. 2, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.05 times the index gain; otherwise, par
Initial index level:1,051.56
Pricing date:July 28
Settlement date:July 31
Underwriter:Goldman Sachs & Co.
Fees:4.65%
Cusip:40057CFU0

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