Chicago, Aug. 10 – GS Finance Corp. priced $25.61 million of 0% buffer autocallable gears due July 31, 2028 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.
If the index finishes at or above its initial level on Aug. 2, 2024, the notes will be automatically called at par of $10 plus 8%.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain.
Investors will receive par if the index declines by 20% or less and lose 1% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffer autocallable gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $25,610,250
|
| Maturity: | July 31, 2028
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain; par if index declines by 20% or less; 1% loss for every 1% decline beyond 20%
|
| Call: | Automatically at par plus 8% if index finishes at or above initial level on Aug. 2, 2024
|
| Initial index level: | 4,566.75
|
| Buffer level: | 80% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 36265J755
|
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