Chicago, April 19 – GS Finance Corp. priced $165,000 of 0% autocallable index-linked notes due Jan. 22, 2027 tied to 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 at par plus a 10% call premium if the index closes at or above its initial level on Jan. 31, 2025.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.622 times the index gain.
If the index declines but finishes at or above 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $165,000
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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: | Par plus 1.622 times index gain if index finishes positive; par if index declines but not more than 20%; otherwise, full exposure to losses of index
|
| Call: | At par plus 10% call premium if index closes at or above initial level on Jan. 31, 2025
|
| Initial level: | 4,839.81
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| Trigger buffer level: | 80% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 2%
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| Cusip: | 40057XXA8
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