By William Gullotti
Buffalo, N.Y., May 26 – GS Finance Corp. priced $1.09 million of autocallable buffered basket-linked notes due May 26, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P 500 index and the Russell 2000 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an 11% call premium if the basket closes at or above its initial level on May 20, 2024.
If the basket return is positive, the payout at maturity will be par plus 1.69 times the basket return.
If the basket finishes flat or declines up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines below 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered basket-linked notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index; equal weights
|
| Amount: | $1,092,000
|
| Maturity: | May 26, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 1.69 times the basket return; if the basket finishes flat or declines up to 20%, par; otherwise, lose 1% for every 1% that the basket declines below buffer
|
| Call: | Automatically at par plus an 11% call premium if the basket closes at or above its initial level on May 20, 2024
|
| Initial levels: | 4,191.98 for S&P, 1,773.717 for Russell
|
| Buffer level: | 80% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057RVY1
|
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