New York, July 26 – GS Finance Corp. priced $4.88 million of jump securities with autocallable feature due June 1, 2029 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus an 8.7% annualized call premium if the index closes at or above its initial level on any monthly valuation date after one year.
At maturity, the payout will be par plus 5.22% if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $4,882,000
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| Maturity: | June 1, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 52.2% if the index finishes at or above its initial level; otherwise, full exposure to the decline of the index
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| Call: | Automatically at par plus an 8.7% annualized call premium if the index closes at or above its initial level on any monthly valuation date after one year
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| Initial level: | 4,205.45
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| Pricing date: | May 26
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| Settlement date: | June 1
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 40057RX29
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