Chicago, June 15 – GS Finance Corp. priced $335,000 of 0% market-linked securities that are autocallable with leveraged upside participation and fixed percentage buffered downside due June 5, 2026 tied to the lowest performing of the VanEck Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 23% if each ETF closes at or above its initial level on any June 5, 2024.
At maturity, investors will receive par plus 1.5 times the return of the worse performer.
Investors will receive par if either index declines but neither declines more than 20%.
Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.
Goldman Sachs & Co. LLC and Wells Fargo Securities, 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 ETFs: | VanEck Gold Miners ETF and iShares Silver Trust
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| Amount: | $335,000
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| Maturity: | June 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times return of worse performer if both finish positive; par if at least one declines from initial level but both finish above buffer level; otherwise, 1% loss for each 1% decline beyond 20% buffer
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| Call: | Automatically at par plus 23% if each ETF closes at or above initial level on June 5, 2024
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| Initial levels: | $30.91 for gold, $21.61 for silver
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| Buffer levels: | 80% of initial levels
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agents: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 2.575%
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| Cusip: | 40057RM62
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