New Issue: GS Finance sells $234,000 index-linked notes on S&P, Russell, Dow

By Kiku Steinfeld

Chicago, Feb. 8 – GS Finance Corp. priced $234,000 of 0% index-linked notes due Jan. 29, 2026 tied to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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 the least performing index return.

If any index falls by up to 15%, the payout will be par plus the absolute value of the return of the least performing index.

If any index falls by more than 15%, investors will be fully exposed to the decline of the least performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Dow Jones industrial average
Amount:	$234,000
Maturity:	Jan. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus least performing index return; if any index falls by up to 15%, par plus the absolute value of the return of the least performing index; if any index falls by more than 15%, investors will be fully exposed to the decline of the least performing index beyond buffer
Initial index levels:	3,849.62 for S&P, 2,149.856 for Russell, 30,937.04 for Dow
Buffer levels:	85% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.45%
Cusip:	40057EY68

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