By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – GS Finance Corp. priced $1.61 million of 0% autocallable index-linked notes due Aug. 14, 2026 tied to the S&P 500 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 called at par plus 6.5% a year if the index closes at or above its initial level on any annual call date.
The payout at maturity will be par plus 39% if the index finishes at or above its initial level. If the index finishes below its initial level but at or above 95% of its initial level, the payout will be par. Otherwise, investors will be exposed to the index decline beyond 5%.
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 index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.61 million
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| Maturity: | Aug. 14, 2026
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Call: | At par plus 6.5% a year if index closes at or above initial level on any annual call date
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| Payout at maturity: | Par plus 39% if index finishes at or above its initial level; if index finishes below its initial level but above 95% of initial level, par; otherwise, exposure to decline beyond 5%
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| Initial level: | 3,351.28
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.375%
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| Cusip: | 40057CM57
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