By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – GS Finance Corp. priced $1.53 million of 0% index-linked notes due Sept. 23, 2026 linked to the least performing of the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 175% of the laggard index return.
If the laggard index declines but finishes at or above its trigger buffer level, 80% of initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the laggard index 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: | Index-linked notes
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| Underlying indexes: | MSCI EAFE index, MSCI Emerging Markets index
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| Amount: | $1.53 million
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| Maturity: | Sept. 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 175% of the laggard index return; par if laggard index if that index declines by no more than 20%; otherwise, lose 1% for each 1% decline of laggard index from initial level
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| Initial levels: | 987.58 for MSCI Emerging Markets, 2,099.88 for MSCI EAFE
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| Trigger buffer levels: | 80% of initial levels
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057TZ31
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