New Issue: GS Finance prices $20,000 buffered notes on Dow Jones U.S. Select Dividend

By Kiku Steinfeld

Chicago, March 8 – GS Finance Corp. priced $20,000 of 0% buffered notes due Feb. 26, 2026 linked to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return. If the index falls by up to 15%, the payout will be par. Investors will be exposed to losses of the index beyond 15%.

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:	Buffered notes
Underlying index:	Dow Jones U.S. Select Dividend
Amount:	$20,000
Maturity:	Feb. 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return; if index falls by up to 15%, par; exposure to loss beyond 15%
Initial level:	764.41
Buffer:	85% of initial level
Pricing date:	Feb. 23
Settlement date:	Feb. 26
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057FBG8

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