By Wendy Van Sickle
Columbus, Ohio, April 16 – GS Finance Corp. priced $3.39 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due April 15, 2027 linked to the shares of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be redeemed early at par plus a 12.7% call premium if the stock closes at or above its initial level on April 16, 2025.
If the notes are not called, the payout at maturity will be par plus 150% of any gain in the stock.
Investors will receive par if the stock declines by no more than 25% and will be fully exposed to stock decline if it declines beyond 25%.
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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
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Underlying: | Apple Inc.
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Amount: | $3.39 million
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Maturity: | April 15, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any stock gain; if stock falls by up to 25%, par; otherwise, 1% loss for every 1% decline of stock from initial level
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Call: | Automatically at par plus 12.7% if stock closes at or above initial level on April 16, 2025
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Initial level: | $175.04
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Buffer level: | 75% of initial level
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Pricing date: | April 11
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Settlement date: | April 16
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Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 2.575%
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Cusip: | 40058A2R4
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