By William Gullotti
Buffalo, N.Y., Aug. 30 – GS Finance Corp. priced $1.61 million of 0% autocallable ETF-linked notes due Aug. 31, 2026 tied to the Consumer Staples Select Sector SPDR Fund and the SPDR S&P Oil & Gas Exploration & Production ETF, 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 an 18% call premium if each ETF closes at or above its initial value on Aug. 26, 2024.
If the return of each ETF is zero or positive, the payout at maturity will par plus 200% of the return of the lesser performing ETF.
If the worst performer falls by up to 33.5%, the payout will be par plus the absolute value of that ETF’s return.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 33.5%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable ETF-linked notes
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| Underlying ETFs: | Consumer Staples Select Sector SPDR Fund, SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1.61 million
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| Maturity: | Aug. 31, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each fund is flat or positive, par plus 200% of laggard ETF return; if worst performer falls by up to 33.5%, par plus the absolute value of the return of that ETF; otherwise, 1% loss for every 1% decline of worst performer beyond 33.5%
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| Call: | Automatically at par plus an 18% call premium if each ETF closes at or above its initial value on Aug. 26, 2024
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| Initial values: | $72.02 for Consumer Staples, $144.10 for Oil & Gas
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| Barrier levels: | 66.5% of initial levels
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 0.96%
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| Cusip: | 40057TX66
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