By William Gullotti
Buffalo, N.Y., Nov. 9 – GS Finance Corp. priced $1.33 million of 0% autocallable buffered index-linked notes due Nov. 3, 2028 linked to the Nasdaq-100 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 19% if the index closes at or above its initial level on Nov. 7, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% loss beyond 15%.
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 buffered index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1.33 million
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Maturity: | Nov. 3, 2028
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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 the index gain; par if the index falls by up to 15%; otherwise, 1% loss for each 1% decline beyond 15%
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Call: | Automatically at par plus 19% if the index closes at or above the initial index level on Nov. 7, 2024
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Initial level: | 14,409.78
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Buffer level: | 85% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057WWZ6
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