By Wendy Van Sickle
Columbus, Ohio, June 10 – GS Finance Corp. priced $2.52 million of 0% autocallable index-linked notes due June 2, 2027 tied 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 called at par plus a 14% call premium if the index closes at or above its initial level on May 31, 2024.
If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,522,000
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| Maturity: | June 2, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus index return; otherwise, par
|
| Call: | At par plus a 14% call premium if index closes at or above initial level on May 31, 2024
|
| Initial level: | 4,158.24
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057M5K1
|
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