By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – GS Finance Corp. priced $1.19 million of 0% autocallable index-linked notes due Sept. 15, 2026 tied to the GS Momentum Builder Focus ER 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 15% annual call premium if the index closes at or above its initial level on Sept. 3, 2024.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 3 times the index gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the 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: | GS Momentum Builder Focus ER index
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Amount: | $1,188,000
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Maturity: | Sept. 15, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 3 times the index return; if the index finishes flat or declines, investors will receive par
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Call: | At par plus a 15% annual call premium if index closes at or above initial level on Sept. 3, 2024
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Initial level: | 104.06
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.99%
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Cusip: | 40057TPF5
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