By Kiku Steinfeld
Chicago, March 14 – GS Finance Corp. priced $973,000 of 0% underlier-linked notes due Sept. 18, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 177.5% of the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 30%, the payout will be par plus the absolute value of the lesser performing return.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines from its initial level.
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: | Underlier-linked notes
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Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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Amount: | $973,000
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Maturity: | Sept. 18, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes at or above its initial value, par plus 177.5% of return of lesser-performing underlier; par plus absolute value of lesser performing return if either underlier falls but neither falls by more than 30%; otherwise, 1% loss for every 1% decline in lesser-performing underlier
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Initial values: | $52.18 for ETF, 4,145.94 for index
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Barrier levels: | 70% of initial levels
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Pricing date: | Sept. 15
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Settlement date: | Sept. 20
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.125%
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Cusip: | 40057JJX5
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