By William Gullotti
Buffalo, N.Y., Aug. 17 – GS Finance Corp. priced $5.58 million of 0% autocallable market-linked notes due Aug. 17, 2027 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 13.55% call premium if the index closes at or above its initial level on Aug. 12, 2024.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index gain.
If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services, Inc. as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $5,577,000
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| Maturity: | Aug. 17, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain; par if index finishes flat or falls
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| Call: | Automatically at par plus 13.55% call premium if the index closes at or above its initial level on Aug. 12, 2024
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| Initial index level: | 4,280.15
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services, Inc. as selling agent
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| Fees: | 2.5%
|
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| Cusip: | 40057MUK3
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