By Marisa Wong
Los Angeles, July 29 – GS Finance Corp. priced $2.25 million of 0% index-linked trigger notes due July 25, 2024 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.
If the final level of the index is equal to or greater than 75% of the initial level, the payout at maturity will par plus the greater of the index return and zero.
Otherwise, investors will be fully exposed to the decline of the index from the initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked trigger notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.25 million
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| Maturity: | July 25, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above trigger level, par plus greater of index return and zero; otherwise, full exposure to losses
|
| Initial level: | 3,961.63
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| Trigger level: | 75% of initial level
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| Final level: | Average of index closing levels on each of five trading dates ending July 22, 2024
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%, including selling concession of up to 1.5%
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| Cusip: | 40057MQ51
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