By Wendy Van Sickle
Columbus, Ohio, June 24 – GS Finance Corp. priced $1.29 million of 0% autocallable notes due June 26, 2024 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an 8.75% annualized call premium if the index closes at or above its initial level on any annual call date.
If the index finishes at or above its initial level, the payout at maturity will be par 35%. If the index falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked
|
| Underlying index: | S&P 500
|
| Amount: | $1,291,000
|
| Maturity: | June 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus 8.75% annualized call premium if index closes above initial level on any annual call observation date
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 35%; if the final index falls by up to 25%, the payout will be par; otherwise, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 3,097.74
|
| Pricing date: | June 19
|
| Settlement date: | June 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.3%
|
| Cusip: | 40057CA84
|
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