New Issue: GS Finance sells $3.17 million autocallable index-linked notes on Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $3.17 million of 0% autocallable index-linked notes due Jan. 23, 2026 tied to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on Jan. 21, 2025, the notes will be called at par plus a 16.25% annualized call premium.

If each index finishes above its initial level, the payout at maturity will be par plus two times the return of the lesser performing index.

If the laggard index falls by up to 10%, the payout will be par. Otherwise, investors will be exposed to losses of the laggard index beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$3,171,000
Maturity:	Jan. 23, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus two times the return of the lesser performing index; if laggard index falls by up to 10%, par; otherwise, exposure to losses beyond 10%
Call:	If each index closes at or above initial level on Jan. 21, 2025, par plus 16.25% call premium
Initial index levels:	17,314.0 for Nasdaq, 1,944.391 for Russell
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057XUB9

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