By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – GS Finance Corp. priced $2.17 million of autocallable contingent coupon index-linked notes due Dec. 4, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 6.5% per year if the index closes at or above 85% of its initial level on the observation date for that period.
Beginning in November 2024, the notes will be automatically called at par if the index closes at or above its initial level on any monthly observation date.
If the final index level is at least 85% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.17 million
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| Maturity: | Dec. 4, 2026
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| Coupon: | 6.5% per year, payable monthly if index closes at or above 85% of initial level on observation date for that period
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| Price: | Par
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| Payout at maturity: | If final index level is at least 85% of initial index level, par; otherwise, 1% loss for every 1% that index declines beyond 15%
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| Call: | Beginning in November 2024, automatically at par if index closes at or above initial level on any monthly observation date
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| Initial level: | 4,550.43
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| Buffer level: | 85% of initial level
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 40057WUL9
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