By Wendy Van Sickle
Columbus, Ohio, May 12 – GS Finance Corp. priced $17.81 million of 0% autocallable index-linked notes due May 13, 2027 linked 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 a call premium of 13.25% if the index closes at or above its initial level on May 9, 2024.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling 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: | $17,814,000
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| Maturity: | May 13, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | At par plus a call premium of 13.25% if the index closes at or above its initial level on May 9, 2024
|
| Initial index level: | 3,911.24
|
| Pricing date: | May 9
|
| Settlement date: | May 12
|
| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 40057LYB1
|
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