Chicago, March 4 – GS Finance Corp. priced $2.5 million of 0% autocallable buffered index-linked notes due Feb. 21, 2025 linked to the S&P MidCap 400 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 6.51% if the index closes at or above the initial index level on Feb. 21, 2025.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.25 times the index return. Investors will receive par if the index falls by up to 5% and will lose 1.0526% for each 1% loss beyond 5%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $2,500,000
|
| Maturity: | Feb. 21, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.25 times the index return; par if the index falls by up to 5%; 1.0526% loss for each 1% loss beyond 5%
|
| Call: | Automatically at par plus 6.51% of par if the index closes at or above the initial index level on Feb. 21, 2025
|
| Initial level: | 2,767.15
|
| Buffer level: | 95% of initial level
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 8
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057YBH5
|
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