GS Finance plans to price buffer autocallable securities on S&P 500

By Emma Trincal

New York, Jan. 11 – GS Finance Corp. plans to price 0% buffer autocallable securities due Jan. 19, 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 of $10 plus a 19% to 21% call premium if the index closes at or above its initial level on Jan. 16, 2025. The exact call premium will be set at pricing.

If the notes are not called and the index finishes positive, the payout at maturity will be par plus the index gain.

If the index finishes negative but at or above 50% of initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 50%.

Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the selling agents.

The notes are expected to price on Jan. 13 and to settle on Jan. 19.

The Cusip number is 36264U686.

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