Published on 10/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $12,000 notes linked to BlackRock Dynamic Factor index
By Kiku Steinfeld
Chicago, Oct. 18 – GS Finance Corp. priced $12,000 of 0% index-linked notes due March 31, 2028 linked to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 4 times the index return. If the index return is zero or negative, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
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 indexes: | BlackRock Dynamic Factor index
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Amount: | $12,000
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Maturity: | March 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 4 times index return; if index return is zero or negative, par
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Initial level: | 922.63
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Pricing date: | March 28, 2023
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Settlement date: | March 31, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057PW57
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