Published on 5/20/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $291,000 index-linked notes on BlackRock Dynamic
By Kiku Steinfeld
Chicago, May 20 – GS Finance Corp. priced $291,000 of 0% index-linked notes due Oct. 30, 2026 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.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | BlackRock Dynamic Factor index
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| Amount: | $291,000
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| Maturity: | Oct. 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index finishes flat or falls
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| Initial index level: | 1,053.69
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| Pricing date: | April 27
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| Settlement date: | April 30
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.45%
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| Cusip: | 40057FW67
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