Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $346,000 index-linked notes on BlackRock Dynamic Factor
Chicago, April 26 – GS Finance Corp. priced $346,000 of 0% index-linked notes due May 28, 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 return of the index is positive, the payout at maturity will be par plus three times 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: | $346,000
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Maturity: | May 28, 2027
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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 three times index return; otherwise, par
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Initial level: | 967.31
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Pricing date: | May 25, 2022
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Settlement date: | May 31, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.96%
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Cusip: | 40057LWC1
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