By Wendy Van Sickle
Columbus, Ohio, June 20 – GS Finance Corp. priced $1.54 million of 0% autocallable buffered index-linked notes due June 20, 2025 linked 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 automatically called at par plus 8% if the index closes at or above its initial level on June 12, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 250% of the index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,544,000
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Maturity: | June 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is positive, par plus 250% of the index gain; par if the index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
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Call: | Automatically at par plus 8% if the index closes at or above the initial index level on June 12, 2024
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Initial level: | 4,338.93
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Buffer level: | 90% of initial level
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Pricing date: | June 12
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Settlement date: | June 15
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.55%
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Cusip: | 40057T4L5
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