By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $2.12 million of 0% autocallable buffered index-linked notes due March 27, 2025 linked to the S&P 500 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 11% if the index closes at or above its initial level on March 26, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 250% of the index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $2.12 million
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| Maturity: | March 27, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 250% of the index gain; par if the index falls by up to 20%; otherwise, 1.25% loss for each 1% decline beyond 20%
|
| Call: | Automatically at par plus 11% if the index closes at or above the initial index level on March 26, 2024
|
| Initial level: | 3,970.99
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| Buffer level: | 80% of initial level
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| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057R7A0
|
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