By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – GS Finance Corp. priced $3.44 million of autocallable contingent coupon index-linked notes due Jan. 28, 2025 linked to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 8.25% per year if the index closes at or above 80% of its initial level on the observation date for that period.
Beginning in June 2024, the notes will be automatically called at par if the index closes at or above its initial level on any monthly observation date.
If the final index level is at least 80% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declinesfrom its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | Nasdaq-100 Technology Sector index
|
| Amount: | $3,438,000
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| Maturity: | Jan. 28, 2025
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| Coupon: | 8.25% per year, payable monthly if index closes at or above 80% of initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 80% of initial index level, par; otherwise, 1% loss for every 1% that index declinesfrom its initial level
|
| Call: | Beginning in June 2024, automatically at par if index closes at or above initial level on any monthly observation date
|
| Initial level: | 9,344.424
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| Buffer level: | 80% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057XCA1
|
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