Chicago, Feb. 28 – GS Finance Corp. priced $765,000 of 0% autocallable index-linked notes due Jan. 22, 2029 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 plus a 10% call premium if the index closes at or above its initial level on Jan. 24, 2025.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.7325 times the index gain.
If the index declines but finishes above its 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $765,000
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| Maturity: | Jan. 22, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 1.7325 times index return; if the index declines by up to 25%, par; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | At par plus a 10% call premium if index closes at or above initial level on Jan. 24, 2025
|
| Initial level: | 4,739.21
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| Barrier level: | 75% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 40057XSM8
|
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