Chicago, Dec. 4 – GS Finance Corp. sold $3.94 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Dec. 2, 2026 linked to the lowest performing of the common stocks of Microsoft Corp., JPMorgan Chase & Co., Chevron Corp. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If all four stocks close above their initial levels on Dec. 2, 2024, the notes will be called at par plus 37%.
The payout at maturity will be par plus three times the return of the worst performer if all three stocks close above their initial levels.
If the worst performer declines but not more than 30%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 30% buffer.
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 fixed percentage buffered downside
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| Underlying stocks: | Microsoft Corp., JPMorgan Chase & Co., Chevron Corp. and Apple Inc.
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| Amount: | $3,935,000
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| Maturity: | Dec. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times return of worst performer if all stocks finish above initial levels; par if worst performer declines but not beyond threshold level; otherwise, exposure to losses of worst performer beyond 30% buffer
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| Call: | Par plus 37% if all four stocks close above initial levels on Dec. 2, 2024
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| Initial levels: | $378.61 for Microsoft, $153.19 for JPMorgan, $144.36 for Chevron, $189.79 for Apple
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| Buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.575%
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| Cusip: | 40057X3Z6
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