By William Gullotti
Buffalo, N.Y., May 26 – GS Finance Corp. priced $4.12 million of 0% autocallable index-linked notes due May 28, 2025 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 a 10% call premium if the index closes at or above its initial level on May 28, 2024.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 200% of the index return.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,115,000
|
| Maturity: | May 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 200% of the index return; otherwise, par
|
| Call: | At par plus a 10% call premium if index closes at or above initial level on May 28, 2024
|
| Initial level: | 3,901.36
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.88%
|
| Cusip: | 40057M3C1
|
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