Chicago, Aug. 11 – GS Finance Corp. priced $16.32 million of 0% autocallable index-linked notes due Aug. 1, 2028 tied to the Nasdaq-100 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 July 30, 2024.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 1.234 times the index return.
If the index declines by up to 20%, 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 agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $16,320,000
|
| Maturity: | Aug. 1, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.234 times index return; if the index declines by up to 20%, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus an 11% call premium if index closes at or above initial level on July 30, 2024
|
| Initial level: | 15,464.93
|
| Barrier level: | 80% of initial level
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 40057TN75
|
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