By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – GS Finance Corp. priced $1.4 million of 0% autocallable buffered index-linked notes due Sept. 12, 2028 linked 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 automatically called at par plus a call premium of 10.25% if the index closes at or above its initial level on Sept. 16, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to 45% and will lose 1% for each 1% loss of the index beyond 45%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,398,000
|
| Maturity: | Sept. 12, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus index return; par if the index falls by up to 45%; otherwise, 1% loss for each 1% decline beyond 45%
|
| Call: | Automatically at par plus 10.25% if the index closes at or above its initial level on Sept. 16, 2024
|
| Initial level: | 4,451.14
|
| Buffer level: | 55% of initial level
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057TZG2
|
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