By William Gullotti
Buffalo, N.Y., Dec. 29 – GS Finance Corp. priced $2.44 million of 0% autocallable underlier-linked notes due Dec. 20, 2028 linked to the Nasdaq-100 index and the SPDR S&P 500 ETF Trust, according to a 424B2 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 9.5% annualized call premium if the lesser-performing underlier closes at or above its initial level on any of the four quarterly call observation dates starting Dec. 16, 2024.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the return of the lesser-performing underlier.
If the worst performer falls by up to 15%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, SPDR S&P 500 ETF Trust
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| Amount: | $2,426,000
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| Maturity: | Dec. 20, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 1.25 times the return of the lesser-performing underlier; if the worst performer declines by up to 15%, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
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| Call: | Automatically at par plus a 9.5% annualized call premium if lesser-performing underlier closes at or above initial level on any of the four quarterly call observation dates starting Dec. 16, 2024
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| Initial levels: | 16,623.45 for index, $469.33 for fund
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| Trigger buffer levels: | 85% of initial levels
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.1%
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| Cusip: | 40057XFA8
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