By Wendy Van Sickle
Columbus, Ohio, June 20 – GS Finance Corp. priced $20.08 million of 0% autocallable index-linked notes due Dec. 17, 2024 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 an 11% call premium if the index closes at or above its initial level on June 19, 2024.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the index gain.
If the index declines but finishes above 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $20,081,000
|
| Maturity: | Dec. 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index gain if index finishes positive; par if index declines but not more than 20%; otherwise, full exposure to losses of index
|
| Call: | At par plus 11% call premium if index closes at or above initial level on June 19, 2024
|
| Initial level: | 4,338.93
|
| Trigger buffer level: | 80% of initial level
|
| Pricing date: | June 12
|
| Settlement date: | June 16
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.225%
|
| Cusip: | 40057TAV6
|
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