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Published on 4/12/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $11.38 million autocallable contingent coupon notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, April 12 – GS Finance Corp. priced $11.38 million of autocallable contingent coupon index-linked notes due April 9, 2026 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 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 11% per year if each underlying asset closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that period.

The notes will be automatically called at par if each underlying asset closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless the least performing asset finishes below its barrier level, 70% of its initial level, in which case investors will have full exposure to the decline of the laggard index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable contingent coupon index-linked notes
Underlying assets:Russell 2000 index, S&P 500 index and Nasdaq-100 index
Amount:$11,378,000
Maturity:April 9, 2026
Coupon:11% per year, payable each month that each underlying asset closes at or above coupon trigger level on observation date for that period
Price:Par
Payout at maturity:Par plus contingent coupon unless least performing asset finishes below barrier level, in which case full exposure to decline of laggard index
Call:Automatically at par if each underlying asset closes at or above initial level on any quarterly observation date
Initial levels:2,063.47 for Russell, 5,204.34 for S&P and 18,108.46 for Nasdaq
Coupon barrier levels:70% of initial levels
Final barrier levels:70% of initial levels
Pricing date:April 5
Settlement date:April 10
Underwriter:Goldman Sachs & Co. LLC
Fees:0.5%
Cusip:40057YZW6

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