By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – GS Finance Corp. priced $10 million of 0% index-linked notes due Jan. 4, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above 124% of initial level, the payout at maturity will be par plus 63.36%, plus 0.6275 times the index return beyond 24% up to a maximum payout of par plus 73.4%.
If the index finishes between 92% and 124% of its initial level, the payout will be par plus 1.98 times the sum of the index return plus 8%.
Otherwise, investors will be exposed to losses beyond 8%.
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 index: | Russell 2000 index
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| Amount: | $10 million
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| Maturity: | Jan. 4, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 124% of initial level, par plus 63.36%, plus 0.6275 times the index return beyond 24% up to maximum payout of par plus 73.4%; if index finishes between 92% and 124% of initial level, par plus 1.98 times sum of index return plus 8%; exposure to losses beyond 8%
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| Initial index level: | Average of the closing levels of the index on each day from Oct. 24 to Nov. 16
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| Final index level: | Average of the closing levels of the index on each day from Sept. 30, 2026 to Dec. 29, 2026
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| Pricing date: | Oct. 26
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| Settlement date: | Nov. 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.15%
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| Cusip: | 40057NRW9
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