By William Gullotti
Buffalo, N.Y., Feb. 8 – GS Finance Corp. priced $4.36 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Feb. 4, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 12.85% premium if the index closes at or above its initial level on Feb. 3, 2025.
The payout at maturity will be par plus 150% of any gain in the index.
Investors will receive par if the index falls by no more than 15% and will lose 1% for every 1% decline of the index beyond 15%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,355,000
|
| Maturity: | Feb. 4, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of index beyond 15%
|
| Call: | Automatically at par plus a 12.85% premium if the index closes at or above its initial level on Feb. 3, 2025
|
| Initial level: | 4,662.7
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057XN35
|
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