By William Gullotti
Buffalo, N.Y., May 31 – GS Finance Corp. priced $5.82 million of 0% trigger autocallable gears due May 9, 2028 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on May 10, 2024, the notes will be automatically called at par plus 10%.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.9226 times the index gain.
If the index declines but finishes at or above its 75% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,824,400
|
| Maturity: | May 9, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus 1.9226 times the gain; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Call: | At par plus 10% if the index closes at or above its initial level on May 10, 2024
|
| Initial level: | 4,061.22
|
| Downside threshold: | 75% of initial level
|
| Pricing date: | May 4
|
| Settlement date: | May 9
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 36265J532
|
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