By Kiku Steinfeld
Chicago, Feb. 25 – GS Finance Corp. priced $884,000 of 0% underlier-linked notes due Feb. 20, 2026 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of both underliers is positive, the payout at maturity will be par plus 217% of the gain of the lesser-performing underlier.
If one or both underliers fall, but both finish above 35% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlier from its initial level.
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: | Underlier-linked notes
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $884,000
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Maturity: | Feb. 20, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 217% of any gain of lesser performing asset; par if lesser performing asset falls by up to 35%; full exposure to decline of either asset falls by more than 35%
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Initial levels: | $76.86 for ETF, 3,726.40 for index
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Pricing date: | Feb. 16
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Settlement date: | Feb. 19
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40057FHA5
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