Published on 11/10/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $50,000 index-linked notes on BlackRock Dynamic
By Kiku Steinfeld
Chicago, Nov. 10 – GS Finance Corp. priced $50,000 of 0% index-linked notes due Aug. 1, 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 1.5 times any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | BlackRock Dynamic Factor index
|
| Amount: | $50,000
|
| Maturity: | Aug. 1, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain; par if index finishes flat or falls
|
| Initial level: | 1,072.49
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 40057HQL7
|
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