By Wendy Van Sickle
Columbus, Ohio, April 7 – GS Finance Corp. priced $1.6 million of 0% autocallable index-linked notes due March 26, 2026 tied to the least performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized premium of 10.75% if each index closes above its initial level on any annual call date.
The payout at maturity will be $1,537.50 for each $1,000 note if both indexes finish at or their initial levels.
If the least performing index finishes falls but not by more than 40%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines 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: | Autocallable index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index
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| Amount: | $1.6 million
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| Maturity: | March 26, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10.75% annualized premium if both indexes close above initial level on any annual call date
|
| Payout at maturity: | $1,537.50 for each $1,000 note if both indexes finish at or above initial level; par if least performing index falls but not below 60% of its initial level; otherwise, 1% loss for every 1% decline of least performing index
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| Initial levels: | 3,913.1 for S&P, 3,837.02 for Stoxx
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| Pricing date: | March 19
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| Settlement date: | March 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40057FSL9
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