By William Gullotti
Buffalo, N.Y., May 12 – GS Finance Corp. priced $7.14 million of 0% buffer autocallable securities due May 13, 2027 linked 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 automatically called at par plus 16% if the index closes at or above its initial level on May 9, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index gain.
Investors will receive par if the index falls by up to 50% and will lose 1% for each 1% loss beyond 50%.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Buffer autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,139,000
|
| Maturity: | May 13, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus the index gain; par if the index falls by up to 50%; otherwise, 1% loss for each 1% decline beyond 50%
|
| Call: | Automatically at par plus 16% if the index closes at or above the initial index level on May 9, 2024
|
| Initial level: | 3,991.24
|
| Buffer level: | 1,995.62; 50% of initial level
|
| Pricing date: | May 9
|
| Settlement date: | May 12
|
| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36263Q249
|
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