Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $932,000 notes linked to BlackRock Dynamic Factor
By Marisa Wong
Los Angeles, Sept. 1 – GS Finance Corp. priced $932,000 of 0% index-linked notes due Aug. 31, 2027 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 index finishes above its initial level, the payout at maturity will be par plus 3.25 times the gain. 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: | $932,000
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Maturity: | Aug. 31, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3.25 times any index gain; otherwise, par
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Initial level: | 950.06
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.95%
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Cusip: | 40057MRR2
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