By William Gullotti
Buffalo, N.Y., April 18 – GS Finance Corp. priced $3.56 million of 0% autocallable index-linked notes due April 12, 2027 tied to the Russell 2000 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 April 3, 2025.
If the notes are not called, the payout at maturity will be par plus 1.335 times the index return if the index finishes at or above its initial level.
If the index declines by up to 30%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $3,555,000
|
| Maturity: | April 12, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.335 times the index return; if the index declines by up to 30%, par plus absolute value of index return; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus a 10% call premium if index closes at or above initial level on April 3, 2025
|
| Initial level: | 2,076.203
|
| Barrier level: | 70% of initial level
|
| Pricing date: | April 3
|
| Settlement date: | April 8
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057YXU2
|
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