New York, Feb. 27 – GS Finance Corp. priced $4.90 million of contingent income callable securities due Feb. 7, 2034 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.55%, paid quarterly, if the underlying index closes at or above its 75% downside threshold on the relevant observation date.
The securities may be called par on any quarterly determination date starting Aug. 7, 2024.
If the index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income callable securities
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| Underlying index: | S&P 500 index
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| Amount: | $4,895,000
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| Maturity: | Feb. 7, 2034
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| Coupon: | 7.55%, paid quarterly, if the underlying index closes at or above its 75% downside threshold on the relevant observation date
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call option: | At par on any quarterly determination date starting Aug. 7, 2024
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| Initial level: | 4,958.61
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| Downside threshold: | 3,718.9575, 75% of initial level
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.75%
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| Cusip: | 40057Y2D4
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