Chicago, Oct. 19 – GS Finance Corp. sold $1.15 million of 0% autocallable market-linked securities with leveraged upside participation and fixed percentage buffered downside due Oct. 19, 2026 linked to the lowest performing of the common stocks of Amazon.com, Inc., Tesla, Inc. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus 33% if all three stocks close above their initial levels on Oct. 18, 2024.
The payout at maturity will be par plus three times the return of the worst performer if all three stocks close above their initial levels.
If the worst performer declines but not more than 50%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performer beyond the 50% buffer.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
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| Underlying stocks: | Amazon.com, Inc., Tesla, Inc. and Exxon Mobil Corp.
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| Amount: | $1,150,000
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| Maturity: | Oct. 19, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times return of worst performer if all stocks finish above initial levels; par if worst performer declines but not beyond buffer level; otherwise, exposure to losses of worst performer beyond 50% buffer
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| Call: | At par plus 33% if all three indexes close above initial levels on Oct. 18, 2024
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| Initial levels: | $129.79 for Amazon, $251.12 for Tesla, $109.87 for Exxon
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| Buffer levels: | 50% of initial levels
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agents: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 2.575%
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| Cusip: | 40057WEY9
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