By Taylor Fox
New York, Feb. 22 – GS Finance Corp. priced $573,000 of 0% autocallable index-linked notes due Feb. 5, 2026 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus an annual 6.4% premium.
At maturity, if each index finishes above its initial level, the payout will be par plus the maturity date premium of 32%.
If the worst performer declines from its initial level, but finishes above 65% of its initial level, the payout will be par.
If either index falls by more than 35%, investors will lose 1% for each 1% decline of the worst performer from its initial level.
The notes are guaranteed by 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 index-linked notes
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| Underlying indexes: | Russell 2000 index, S&P 500
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| Amount: | $573,000
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| Maturity: | Feb. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus maturity date premium of 32%; if worst performer declines but finishes above 65% of initial level, par; if either index falls by more than 35%, 1% loss for each 1% decline of worse performer from its initial level
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| Call: | If each index closes at or above initial level on any annual call date, par plus 6.4% annual premium
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| Initial index levels: | 2,073.641 for Russell and 3,714.24 for S&P
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.45%
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| Cusip: | 40057F7C2
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