By William Gullotti
Buffalo, N.Y., Feb. 7 – GS Finance Corp. priced $7.28 million of 0% buffer gears due Jan. 25, 2029 linked to the performance of 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 automatically at par plus 9% if the index closes at or above its initial level on Jan. 29, 2025.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.25 times the index return.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffer autocallable gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,275,000
|
| Maturity: | Jan. 25, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is greater than zero, par plus 1.25 times index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
|
| Call: | Automatically at par plus 9% if index closes at or above initial level on Jan. 29, 2025
|
| Initial level: | 4,850.43
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 36267H278
|
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