Chicago, April 12 – GS Finance Corp. sold $4.91 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due Jan. 22, 2027 linked to the lowest performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
The notes will be redeemed early at par plus 15.8% if all three indexes close above their initial levels on Jan. 23, 2025.
The payout at maturity will be par plus 1.5 times the return of the worst performer if all three indexes close above their initial levels.
If the worst performer declines but not more than 25%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
|
| Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
|
| Amount: | $4,909,000
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| Maturity: | Jan. 22, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times return of worst performer if all indexes finish above initial levels; par if worst performer declines but not beyond barrier level; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus 15.85% if all three indexes close above initial levels on Jan. 23, 2025
|
| Initial levels: | 4,780.94 for S&P, 1,923.653 for Russell, 16,982.29 for Nasdaq
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| Barrier levels: | 75% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
|
| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057XTX3
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