Chicago, Nov. 3 – GS Finance Corp. priced $6.91 million of 0% autocallable index-linked notes due Oct. 26, 2028 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 10.02% call premium if the index closes at or above its initial level on Nov. 8, 2024.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus two times the return of the index.
If the index declines by up to 20%, the payout will be par; otherwise, investors will be full exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,911,000
|
| Maturity: | Oct. 26, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus two times the return of index; if the index declines by up to 20%, par; otherwise, full exposure to the decline of the index
|
| Call: | At par plus a 10.02% call premium if index closes at or above initial level on Nov. 8, 2024
|
| Initial level: | 4,117.37
|
| Trigger buffer level: | 80% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 3%
|
| Cusip: | 40057WTK3
|
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