By William Gullotti
Buffalo, N.Y., Aug. 30 – GS Finance Corp. priced $1.1 million of 0% autocallable buffered ETF-linked notes due Sept. 2, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 9% if the ETF closes at or above its initial level on Aug. 26, 2024.
If the notes are not called and the ETF return is positive, the payout at maturity will be par plus the ETF gain.
If the ETF falls by no more than 23%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% loss beyond 23%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered ETF-linked notes
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| Underlying fund: | SPDR S&P 500 ETF Trust
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| Amount: | $1.1 million
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| Maturity: | Sept. 2, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the ETF return is positive, par plus the ETF gain; if the ETF falls by up to 23%, par plus the absolute value of the ETF return; otherwise, 1% loss for each 1% decline beyond 23%
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| Call: | Automatically at par plus 9% if the ETF closes at or above the initial ETF level on Aug. 26, 2024
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| Initial level: | $436.89
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| Buffer level: | 77% of initial level
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.77%
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| Cusip: | 40057TXK5
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