New York, Dec. 19 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due Feb. 12, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9% call premium if the index closes at or above its initial level on Feb. 10, 2025.
If the notes are not called, the payout at maturity will be par plus 1.5 times the index return if the index return is positive. Investors will receive par if the index declines but by no more than 25% and will be exposed top any loss in the index beyond 25%.
The initial level for the index will be set as the lowest of the closing levels of the underlier from the trade date through Feb. 8, 2024.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter and Citigroup Global Markets, Inc. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Feb. 12, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.5 times index return; par if index declines but by no more than 25%; exposure to losses beyond 25%
|
| Call: | At par plus 9% call premium if index closes at or above initial level on Feb. 10, 2025
|
| Upside leverage: | 150%
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| Buffer: | 25%
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| Initial level: | Lowest closing level of underlier from trade date through Feb. 8, 2024
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Underwriter: | Goldman Sachs & Co. LLC
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| Agent: | Citigroup Global Markets, Inc.
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| Fees: | 2%
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| Cusip: | 40057XHB4
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