By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – GS Finance Corp. priced $29.94 million of 0% autocallable buffered index-linked notes due Nov. 8, 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.
The notes will be automatically called at par plus a 9.25% annualized premium if the index closes at or above its initial level on any quarterly review date starting Nov. 7, 2024.
If the notes are not called and the index return is at least 90% of its initial level, the payout at maturity will be par plus 46.25%.
Investors will receive par if the index falls by more than 10% but not more than 15% and will lose 1.1765% for each 1% loss beyond 15%.
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: | $29,939,000
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Maturity: | Nov. 8, 2028
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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 at least 90% of initial level, par plus 46.25%; par if the index falls by more than 10% but not more than 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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Call: | Automatically at par plus 9.25% annualized premium if the index closes at or above the initial index level on any quarterly review date starting Nov. 7, 2024
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Initial level: | 4,358.34
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Pricing date: | Nov. 3
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Settlement date: | Nov. 8
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057X3S2
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