New Issue: GS Finance sells $15.01 million index-linked notes on MSCI EAFE, Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., April 28 – GS Finance Corp. priced $15.01 million of 0% index-linked notes due Feb. 2, 2026 linked to the least performing of the MSCI EAFE index 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 each index is zero or positive, the payout at maturity will be par plus 2.08 times the return of the laggard index.

If the laggard index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the worst performer declines below 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	MSCI EAFE index, Euro Stoxx 50 index
Amount:	$15,014,000
Maturity:	Feb. 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 2.08 times the return of the laggard index; if any index falls but the final underlier level of each is greater than or equal to the 80% trigger buffer level, par; if any index falls by more than 20%, investors will lose 1% for every 1% that the worst performer declines below 20%
Initial levels:	2,201.56 for EAFE, 4,136.91 for Stoxx
Trigger buffer levels:	80% of initial levels
Pricing date:	Jan. 28
Settlement date:	Feb. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057KZH9

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