By Kiku Steinfeld
Chicago, March 10 – GS Finance Corp. priced $2.31 million of callable contingent coupon index-linked notes due Feb. 26, 2026 tied to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 5% if each index closes above its 70% coupon barrier on the related observation date.
The notes will be callable at par on any quarterly observation date.
The payout at maturity will be par plus the final coupon if both the indexes finish above the 70% trigger buffer level.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000 index, S&P 500 index
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Amount: | $2,310,000
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Maturity: | Feb. 26, 2026
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Coupon: | 5% annual rate, payable quarterly if each index closes above its coupon barrier on the related observation date
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Price: | Par
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Payout at maturity: | Par if all indexes finish above the trigger buffer level; otherwise, full exposure to the losses of the worst performing index
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Call option: | At par plus contingent coupon on any quarterly call observation date
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Initial index levels: | 2,231.314 for Russell and 3,881.37 for S&P
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Coupon trigger levels: | 70% of initial levels
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Feb. 23
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Settlement date: | Feb. 26
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.4%
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Cusip: | 40057FDM3
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