By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $3.34 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due March 25, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be redeemed early at par plus a 10% call premium if the index closes at or above its initial level on March 25, 2025.
If the notes are not called, the payout at maturity will be par plus 150% of any gain in the index.
Investors will receive par if the index declines by no more than 25% and will be fully exposed to index decline if it declines beyond 25%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
|
| Underlying: | Russell 2000 index
|
| Amount: | $3,335,000
|
| Maturity: | March 25, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; if index falls by up to 25%, par; otherwise, 1% loss for every 1% decline of index from initial level
|
| Call: | Automatically at par plus 10% if index closes at or above initial level on March 25, 2025
|
| Initial level: | 2,074.88
|
| Buffer level: | 75% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
|
| Cusip: | 40057YP98
|
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