Chicago, April 12 – GS Finance Corp. priced $1.89 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due Jan. 22, 2027 linked to the lesser performing of the Russell 2000 index, the S&P 500 index and the Technology Select Sector SPDR fund, 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 at par plus 17.65% if all three assets close above their initial levels on Jan. 23, 2025.
If the return of each underlier is greater than its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performer.
If the worst performer declines but not more than 25%, the payout will be par.
If the worst-performing underlier falls by more than 25%, investors will be exposed to the decline of the worst performer from its initial level.
Goldman Sachs & Co. LLC and Wells Fargo Securities are the dealers.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
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Underlying assets: | Russell 2000 index, S&P 500 index and Technology Select Sector SPDR fund
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Amount: | $1,891,000
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Maturity: | Jan. 22, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of worst performer is above the initial level, par plus 1.5 times return of worst performer; par if worst performer declines but not more than 25%; otherwise, full exposure to loss of worst performer
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Call: | Automatically at par plus 17.65% if all three assets close above initial levels on Jan. 23, 2025
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Initial levels: | 4,780.94 for S&P, 1,923.653 for Russell, $195.66 for tech fund
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Trigger buffer levels: | 75% of initial levels
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Pricing date: | Jan. 18
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Settlement date: | Jan. 23
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Dealers: | Goldman Sachs & Co. LLC and Wells Fargo Securities
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Fees: | 2.575%
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Cusip: | 40057XS22
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