By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $12.45 million of 0% buffer gears due April 15, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called automatically at par plus 8% if the index closes at or above its initial level on April 21, 2025.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.7521 times the index return.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffer autocallable gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $12,445,660
|
| Maturity: | April 15, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is greater than zero, par plus 1.7521 times index return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Call: | Automatically at par plus 8% if index closes at or above initial level on April 21, 2025
|
| Initial level: | 5,123.41
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 16
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| Settlement date: | April 18
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36267H757
|
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