By William Gullotti
Buffalo, N.Y., Feb. 1 – GS Finance Corp. priced $5 million of 0% index-linked notes due Jan. 27, 2026 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A trigger event will occur if the index closes above its 135% trigger level on any trading day during the life of the notes.
If a trigger event has occurred, the payout at maturity will be par plus 5%.
If a trigger event does not occur and the index finishes positive, the payout at maturity will be par plus the return.
If a trigger event does not occur and the index falls by no more than 25%, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for every 1% decline of the index beyond 25%.
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: | $5 million
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| Maturity: | Jan. 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If a trigger event occurs, par plus 5%; if a trigger event does not occur and the index finishes positive, par plus the return; if a trigger event does not occur and the index falls by no more than 25%, par plus absolute value of the return; if a trigger event does not occur and the index falls beyond 25%, 1% loss for every 1% decline beyond 25%
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| Trigger event: | Occurs if index closes above trigger level on any trading day during the life of the notes
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| Initial level: | 1,975.878
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| Trigger level: | 135% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 40057XZ81
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