New Issue: GS Finance prices $20.12 million leveraged buffered index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – GS Finance Corp. priced $20.12 million of 0% leveraged buffered index-linked notes due Jan. 15, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of par plus 22.81%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$20,115,000
Maturity:	Jan. 15, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, at par plus 22.81%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	4,765.98
Pricing date:	Jan. 17
Settlement date:	Jan. 22
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057XUF0

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