By Wendy Van Sickle
Columbus, Ohio, April 30 – GS Finance Corp. priced $2.78 million of autocallable contingent coupon index-linked notes due May 30, 2025 linked to the Nasdaq-100 Technology Sector 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 8.25% per year if the index closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that month.
Beginning in October 2024, the notes will be automatically called at par if the index closes at or above the initial index level on any monthly observation date.
The payout at maturity will be par unless the index’s final level is less than the 80% barrier level, in which case investors will lose 1% for every 1% that the index declines from its initial level.
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 index: | Nasdaq-100 Technology Sector index
|
| Amount: | $2,782,000
|
| Maturity: | May 30, 2025
|
| Coupon: | 8.25% per year, payable monthly if index closes at or above coupon barrier level on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless index’s final level is less than the 80% barrier level, in which case 1% loss for every 1% that index declines from initial level
|
| Call: | Beginning in October 2024, automatically at par if index closes at or above initial index level on any monthly observation date
|
| Initial level: | 9,895.333
|
| Coupon barrier level: | 80% of initial level
|
| Barrier level: | 80% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40058A3E2
|
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