By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $4.12 million of 0% autocallable ETF-linked notes due June 26, 2025 tied to the Real Estate Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial level on June 21, 2024, the notes will be called at par plus a 16.2517% call premium.
If the notes are not called and the ETF finishes at or above its initial level, the payout will be par plus 1.5 times the return of the ETF.
If the ETF finishes above 75% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent, with JPMorgan acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable ETF-linked notes
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| Underlying fund: | Real Estate Select Sector SPDR Fund
|
| Amount: | $4,115,000
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| Maturity: | June 26, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the ETF finishes at or above its initial level, par plus 1.5 times the return of the ETF; if the ETF finishes at or above 75% of initial level, par; otherwise, 1% loss for every 1% decline from initial level
|
| Call: | If the ETF closes at or above initial level on June 21, 2024, notes will be called at par plus a 16.2517% call premium
|
| Initial ETF level: | Lowest ETF closing level on any trading day between April 21 and May 12, inclusive
|
| Trigger buffer level: | 75% of initial levels
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| Pricing date: | April 21
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| Settlement date: | April 26
|
| Agent: | Goldman Sachs & Co. LLC, with JPMorgan acting as placement agent
|
| Fees: | 1.58%
|
| Cusip: | 40057RJQ2
|
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