By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $1.24 million of 0% autocallable buffered index-linked notes due April 28, 2026 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 10.1% if the index closes at or above its initial level on April 22, 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 gain 1% for each 1% decline if the index falls by up to 20% and will lose 1% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1.24 million
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Maturity: | April 28, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is positive, par plus the index gain; if the index falls by up to 20%, par plus absolute value of index return; otherwise, 1% loss for each 1% decline beyond 20%
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Call: | Automatically at par plus 10.1% if the index closes at or above the initial index level on April 22, 2024
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Initial level: | 4,133.52
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Buffer level: | 80% of initial level
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Pricing date: | April 21
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Settlement date: | April 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.9%
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Cusip: | 40057RJF6
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