Chicago, April 12 – GS Finance Corp. priced $2.19 million of autocallable equity-linked securities due Jan. 25, 2029 tied to the common stock of Amazon.com, Inc., the class C capital stock of Alphabet Inc., the class A common stock of Meta Platforms, Inc. and the common stock of Qualcomm Inc., 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 redeemed at par plus a 45% call premium if the worst performing stock closes at or above its initial level on Jan. 21, 2025.
If the notes are not called, the payout at maturity will be par plus three times the worst performing stock.
The payout will be par if the worst performer declines but finishes above 80% of its initial level.
Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.
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 equity-linked securities
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| Underlying stocks: | Amazon.com, Inc. (Ticker: AMZN), Alphabet Inc. (Ticker: GOOG), Meta Platforms, Inc. (Ticker: META) and Qualcomm Inc. (Ticker: QCOM)
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| Amount: | $2,193,000
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| Maturity: | Jan. 25, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times worst performer if all three stocks close above initial levels; par if worst performer declines but finishes above barrier level; otherwise, 1% loss for each 1% decline beyond 20% buffer
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| Call: | Automatically at par plus a 45% call premium if the worst performing stock closes at or above its initial level on Jan. 21, 2025
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| Initial prices: | $153.50 for Amazon, $144.99 for Alphabet, $376.13 for Meta, $145.29 for Qualcomm
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 40057XW27
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