By William Gullotti
Buffalo, N.Y., July 10 – GS Finance Corp. priced $22.69 million of 0% autocallable buffered index-linked notes due July 6, 2027 linked to the S&P 500 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 automatically called at par plus 13.21% if the index closes at or above its initial level on July 1, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.2 times the index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $22,692,000
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Maturity: | July 6, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.2 times the index gain; par if the index falls by up to 20%; otherwise, 1.25% loss for each 1% decline beyond 20%
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Call: | Automatically at par plus 13.21% if the index closes at or above the initial index level on July 1, 2024
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Initial level: | 4,450.38
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Buffer level: | 80% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057TAZ7
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