New Issue: GS Finance sells $1.12 million autocallable underlier-linked notes on index, ETF

By William Gullotti

Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $1.12 million of 0% autocallable underlier-linked notes due Feb. 12, 2027 linked to the Dow Jones industrial average and the Invesco QQQ Trust, Series 1, 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 an 8% call premium if the lesser-performing underlier closes at or above its initial level on Feb. 10, 2025.

If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the that underlier.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable underlier-linked notes
Underlying assets:	Dow Jones industrial average, Invesco QQQ Trust, Series 1
Amount:	$1,119,000
Maturity:	Feb. 12, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser-performing asset finishes at or above initial level, par plus the return of that underlier; otherwise, par
Call:	Automatically at par plus an 8% call premium if lesser-performing underlier closes at or above initial level on Feb. 10, 2025
Initial levels:	38,671.69 for index, $437.05 for fund
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057Y4B6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.