By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $3.06 million of 0% buffer gears due Feb. 12, 2027 linked to the performance of the Invesco S&P 500 Equal Weight ETF, 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 ETF closes at or above its initial level on Feb. 17, 2025.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 1.45 times the ETF return.
Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF 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.
|
| Issue: | Buffer autocallable gears
|
| Underlying fund: | Invesco S&P 500 Equal Weight ETF
|
| Amount: | $3,064,000
|
| Maturity: | Feb. 12, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is greater than zero, par plus 1.45 times ETF return; par if ETF declines by 10% or less; otherwise, 1% loss for every 1% that ETF declines beyond 10%
|
| Call: | Automatically at par plus 8% if ETF closes at or above initial level on Feb. 17, 2025
|
| Initial level: | $158.93
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36267H401
|
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