By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $4.74 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due March 25, 2027 linked to the stock performance of Apple Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 21.75% premium if each stock closes at or above its initial level on Nov. 29, 2024.
The payout at maturity will be par plus 150% of any gain in the least performing stock.
Investors will receive par if the worst performer falls by no more than 15% and will lose 1% for every 1% decline of the worst performer 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 stocks: | Apple Inc., Amazon.com, Inc.
|
| Amount: | $4,742,000
|
| Maturity: | March 25, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain of least performing stock; if worst performer falls by up to 15%, par; otherwise, 1% loss for every 1% decline of worst performer beyond 15%
|
| Call: | Automatically at par plus a 21.75% premium if each stock closes at or above its initial level on Nov. 29, 2024
|
| Initial levels: | $178.67 for Apple, $178.15 for Amazon
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| Buffer levels: | 85% of initial levels
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.575%
|
| Cusip: | 40057YNN9
|
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