By William Gullotti
Buffalo, N.Y., Aug. 1 – GS Finance Corp. priced $1.15 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Jan. 20, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 7% premium if the index closes at or above its initial level on July 19, 2024.
The payout at maturity will be par plus 120% of any gain in the index.
Investors will receive par if the index falls by no more than 20% and will lose 1% for every 1% decline of the index beyond 20%.
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.
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| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,146,000
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| Maturity: | Jan. 20, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 120% of any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20%
|
| Call: | Automatically at par plus a 7% premium if the index closes at or above its initial level on July 19, 2024
|
| Initial level: | 4,505.42
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| Buffer level: | 80% of initial level
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| Pricing date: | July 14
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| Settlement date: | July 19
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.575%
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| Cusip: | 40057TJN5
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