By William Gullotti
Buffalo, N.Y., March 13 – GS Finance Corp. priced $11.05 million of 0% market-linked notes – autocallable with upside participation and principal return at maturity due Feb. 2, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 8.45% if the index closes at or above the initial level on Feb. 2, 2024.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus the gain.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes – autocallable with upside participation and principal return at maturity
|
| Underlying index: | S&P 500 index
|
| Amount: | $11,045,000
|
| Maturity: | Feb. 2, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | Automatically at par plus 8.45% call premium if the index closes at or above the initial level on Feb. 2, 2024
|
| Initial level: | 4,017.77
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.825%
|
| Cusip: | 40057PBN1
|
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