By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due Feb. 10, 2026 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10.5% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that month.
The notes will be called at par if each asset closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either asset falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index or fund beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
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 contingent coupon notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Feb. 10, 2026
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| Coupon: | 10.5% annualized, payable monthly if each asset closes at or above 80% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | If each asset finishes at or above 80% buffer level, par; otherwise, 1% loss for each 1% decline of worse performing asset beyond 20%
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| Call: | At par if each index closes at or above its initial level on any call review date after one year
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| Initial levels: | $44.21 for fund and 3,482.4 for Stoxx
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| Coupon barriers: | $35.368 for fund and 2,785.92 for Stoxx, 80% of initial levels
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| Pricing date: | Aug. 3
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| Settlement date: | Aug. 8
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.05%
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| Cusip: | 40055QS52
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