Published on 8/15/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.64 million index-linked notes on BlackRock Dynamic Factor
Chicago, Aug. 15 – GS Finance Corp. priced $1.64 million of 0% index-linked notes due May 1, 2025 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus double the index return.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| 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: | $1,641,000
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| Maturity: | May 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus double the index return; otherwise, par
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| Initial level: | 953.94
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| Pricing date: | July 26
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| Settlement date: | July 29
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.43%
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| Cusip: | 40057MKF5
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