By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – GS Finance Corp. priced $1.35 million of 0% autocallable ETF-linked notes due Oct. 7, 2026 tied to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial level on Oct. 15, 2024, the notes will be called at par plus a 17.15% call premium. If the ETF closes at or above 95% of its initial level on Oct. 7, 2025, the notes will be called at par plus 34.3%.
If ETF finishes at or above 90% of its initial level, the payout will be par plus 51.45%.
If the ETF finishes below 90% of its initial level but at or above 75% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 ETF-linked notes
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| Underlying fund: | VanEck Gold Miners ETF
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| Amount: | $1,352,000
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| Maturity: | Oct. 7, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above 90% of its initial level, par plus 51.45%; if the ETF finishes below 90% of initial level but at or above 75% of initial level, par; otherwise, 1% loss for every 1% decline from initial level
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| Call: | If the ETF closes at or above initial level on Oct. 15, 2024, notes will be called at par plus a 17.15% call premium; if ETF closes at or above 95% of its initial level on Oct. 7, 2025, notes will be called at par plus 34.3%
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| Initial ETF level: | $25.99
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| Trigger buffer level: | 75% of initial level
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| Pricing date: | Oct. 2
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| Settlement date: | Oct. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2%
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| Cusip: | 40057WLD7
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