Published on 4/24/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $274,000 autocallable buffered notes linked to Russell
By Kiku Steinfeld
Chicago, April 24 – GS Finance Corp. priced $274,000 of 0% autocallable buffered index-linked notes Feb. 3, 2025 linked to the Russell 2000 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 10.45% if the index closes at or above the initial index level on July 29, 2024
If the notes are not called and the index return is positive, the payout at maturity will be par plus 2.5 times the index return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Russell 2000 index
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| Amount: | $274,000
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| Maturity: | Feb. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is positive, par plus 2.5 times the index return; par if the index falls by up to 10%; 1% loss for each 1% loss beyond 10%
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| Call: | Automatically at par plus 10.45% of par if the index closes at or above the initial index level on July 29, 2024
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| Initial level: | 1,954.896
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| Buffer level: | 90% of initial level
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| Pricing date: | July 27, 2023
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| Settlement date: | Aug. 1, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40057TL85
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