By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – GS Finance Corp. priced $2 million of 0% bearish autocallable absolute return notes due Feb. 5, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If on any day during the life of the notes the closing level of the underlier is less than 70% of the initial underlier level, the notes will be automatically called at par.
If the notes are not called and the index return is greater than zero, the payout will be par plus 2.9%.
If the index return is less than zero but greater than or equal to negative 30%, the payout will be par plus the absolute value of the index return.
If the index return is less than negative 30%, the payout will be par.
The underwriter is Goldman Sachs & Co. LLC. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Bearish autocallable absolute return notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $2 million
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| Maturity: | Feb. 5, 2025
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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 greater than zero, par plus 2.9%; if the index return is less than zero but greater than or equal to negative 30%, par plus the absolute value of the index return; if the index return is less than negative 30%, par
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| Call: | If on any day during the life of the notes the closing level of the underlier is less than 70% of the initial underlier level, notes will be automatically called at par
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| Initial level: | 16,368.49
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| Pricing date: | Jan. 3
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| Settlement date: | Jan. 10
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| Agent: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
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| Fees: | 0.82%
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| Cusip: | 40057XND3
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