By Kiku Steinfeld
Chicago, Jan. 17 – GS Finance Corp. priced $2.52 million of 0% index-linked notes due Dec. 2, 2026 tied to the Stoxx Europe 600 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 greater than or equal to zero, the payout at maturity will be par plus the greater of 60% and the return of the lesser performing index.
If the lesser performing index falls by up to 30%, the payout will be par.
If the lesser performing index falls by more than 30%, investors will be fully exposed to the losses of the lesser performing index 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: | Index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600
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| Amount: | $2.52 million
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| Maturity: | Dec. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus greater of 60% and lesser performing index’s return; if lesser performing index declines but finishes at or above trigger buffer level, par; otherwise, exposure to decline of lesser performing index
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| Initial index levels: | 4,276.25 for Stoxx 50, 479.69 for Stoxx Europe
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 24
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| Settlement date: | Dec. 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057K6T5
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