By Wendy Van Sickle
Columbus, Ohio, April 1 – GS Finance Corp. priced $4.07 million of 0% autocallable notes due April 9, 2030 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10% if the index closes at or above the applicable call level on any annual call date.
The call level will be 102% of the initial level for the first call observation date, stepping up by 200 basis points on each subsequent call review date to a final call level of 118% of the initial level on March 26, 2029.
The payout at maturity will be par plus 1.25 times any index gain.
If the index falls or remains flat, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $4,074,000
|
| Maturity: | April 9, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain; par if index is flat or falls
|
| Call: | At par plus an annual call premium of 10% if index closes at or above its call level on any annual review date
|
| Initial level: | 105.46
|
| Call level: | 102% of the initial level for the first call observation date, stepping up by 200 bps on each subsequent call review date to a final call level of 118% of the initial level on March 26, 2029
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.7%
|
| Cusip: | 40056YR55
|
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