By William Gullotti
Buffalo, N.Y., April 21 – GS Finance Corp. priced $3.07 million of 0% autocallable index-linked notes due June 20, 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 12.9733% call premium if the index closes at or above its initial level on June 14, 2024.
If the notes are not called, the payout at maturity will be par plus 1.5 times the index return if the index finishes at or above its initial level.
If the index declines by up to 25%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is acting as placement 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: | $3.07 million
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| Maturity: | June 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.5 times the index return; if the index declines by up to 25%, par; otherwise, full exposure to the decline of the index from its initial level
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| Call: | At par plus a 12.9733% call premium if index closes at or above initial level on June 14, 2024
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| Initial level: | Lowest index closing level on any trading day between April 14 and May 5, inclusive
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| Barrier level: | 75% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
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| Fees: | 1.58%
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| Cusip: | 40057RH35
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