New Issue: GS Finance prices $13.52 million autocallable buffered notes on Russell

By Wendy Van Sickle

Columbus, Ohio, April 11 – GS Finance Corp. priced $13.52 million of 0% autocallable buffered index-linked notes due April 9, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will be automatically called at par plus a call premium of 10% if the index closes at or above initial index level on April 21, 2025.

If the notes are not called and the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 2.365 times the index return. Investors will receive par if the index falls but not below 85% and will lose 1.1765% for each 1% loss beyond 15%.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor	Goldman Sachs Group, Inc.
Issue:	Autocallable buffered index-linked notes
Underlying index:	Russell 2000
Amount:	$13,522,000
Maturity:	April 9, 2026
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the notes are not called and the final index level is greater than or equal to the initial level, par plus 2.365 times the index return; investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond buffer
Call:	Par plus a call premium of 10% if the index closes at or above initial index level on April 21, 2025
Initial level:	2,063.47
Buffer:	15%
Pricing date:	April 5
Settlement date:	April 10
Agent:	Goldman Sachs & Co. with JPMorgan as placement agent
Fees:	1.5%
Cusip:	40057YYC1

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