Chicago, June 16 – GS Finance Corp. priced $148,000 of 0% autocallable buffered index-linked notes due June 9, 2025 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 12.5% if the index closes at or above its initial level on May 31, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 125% of the index gain.
Investors will receive par if the index declines but not beyond the 85% buffer level.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $148,000
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| Maturity: | June 9, 2025
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 125% of the index gain; par if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 15%
|
| Call: | Automatically at par plus 12.5% if the index closes at or above the initial index level on May 31, 2024
|
| Initial level: | 14,254.09
|
| Buffer level: | 85% of initial level
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| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.51%
|
| Cusip: | 40057RRA8
|
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