Published on 5/25/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $18,000 index-linked notes tied to BlackRock Dynamic
By Marisa Wong
Los Angeles, May 25 – GS Finance Corp. priced $18,000 of 0% index-linked notes due Sept. 29, 2028 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 1.4 times 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | BlackRock Dynamic Factor index
|
| Amount: | $18,000
|
| Maturity: | Sept. 29, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any index gain; par if index finishes flat or falls
|
| Initial index level: | 1,038.97
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.9%
|
| Cusip: | 40057FP57
|
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