By William Gullotti
Buffalo, N.Y., June 28 – GS Finance Corp. priced $7.1 million of autocallable buffered basket-linked notes due June 26, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P MidCap 400 index and the Russell 2000 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 10.7% call premium if the basket closes at or above its initial level on July 1, 2024.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return.
If the basket finishes flat or declines up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines below 15%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered basket-linked notes
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| Underlying indexes: | S&P MidCap 400 index, Russell 2000 index; equal weights
|
| Amount: | $7,103,000
|
| Maturity: | June 26, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket return; if the basket finishes flat or declines up to 15%, par; otherwise, lose 1% for every 1% that the basket declines below buffer
|
| Call: | Automatically at par plus a 10.7% call premium if the basket closes at or above its initial level on July 1, 2024
|
| Initial levels: | 2,544.07 for S&P MidCap, 1,848.178 for Russell
|
| Buffer level: | 85% of initial level
|
| Pricing date: | June 22
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| Settlement date: | June 27
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 40057TB78
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