E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/1/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $90,000 index-linked notes on BlackRock Dynamic Factor

Chicago, Nov. 1 – GS Finance Corp. priced $90,000 of 1.0008% index-linked notes due March 3, 2026 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.

Interest is payable monthly.

If the return of the index is above 4%, the payout at maturity will be par plus the index return minus 4%.

Otherwise, investors will receive 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:$90,000
Maturity:March 3, 2026
Coupon:1.0008%, payable monthly
Price:Par
Payout at maturity:If the index return is greater than 4%, par plus the index return minus 4%; otherwise, par
Initial level:1,008.94
Pricing date:Feb. 28
Settlement date:March 3
Agent:Goldman Sachs & Co. LLC
Fees:1.375%
Cusip:40057KZE6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.