Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $444,000 notes linked to BlackRock Dynamic Factor index
Chicago, Oct. 2 – GS Finance Corp. priced $444,000 of 0% index-linked notes due Sept. 30, 2027 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 4.08 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | BlackRock Dynamic Factor index
|
| Amount: | $444,000
|
| Maturity: | Sept. 30, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 4.08 times index return; if index return is zero or negative, par
|
| Initial level: | 911.50
|
| Pricing date: | Sept. 27, 2022
|
| Settlement date: | Sept. 30, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 40057MYU7
|
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