By William Gullotti
Buffalo, N.Y., June 21 – GS Finance Corp. priced $6.4 million of 0% buffer autocallable securities due June 17, 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 24.05% if the index closes at or above its initial level on June 14, 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 25% and will lose 1% for each 1% loss beyond 25%.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Buffer autocallable securities
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| Underlying index: | S&P 500 index
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| Amount: | $6.4 million
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| Maturity: | June 17, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| 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 25%; otherwise, 1% loss for each 1% decline beyond 25%
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| Call: | Automatically at par plus 24.05% if the index closes at or above the initial index level on June 14, 2024
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| Initial level: | 3,735.48
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| Buffer level: | 2,801.61; 75% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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| Fees: | 2.5%
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| Cusip: | 36263Q769
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