By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – GS Finance Corp. priced $28.47 million of 0% autocallable buffered index-linked notes due Feb. 20, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 9% if the index closes at or above its initial level on Feb. 26, 2025.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 1.4158 times the index return.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond the buffer if it falls by more than 15%.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $28,465,000
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| Maturity: | Feb. 20, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is zero or positive, par plus 1.4158 times the index return; par if the index falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15% buffer
|
| Call: | Automatically at par plus 9% if the index closes at or above the initial index level on Feb. 26, 2025
|
| Initial level: | 5,000.62
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| Buffer level: | 85% of initial level
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 21
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.5%
|
| Cusip: | 40057YEW9
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