Chicago, Jan. 25 – GS Finance Corp. priced $480,000 of autocallable contingent coupon equity-linked notes due Jan. 15, 2026 linked to Berkshire Hathaway Inc., Barrick Gold Corp. and Chevron Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 14% if each stock closes at or above its coupon barrier price, 70% of its initial price, on a related determination date.
The notes will be automatically called at par plus coupon if each stock closes at or above its initial share price on any monthly call observation date after six months.
The payout at maturity will be par plus the coupon if all three stocks close above the 70% trigger buffer level. Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Berkshire Hathaway Inc. (Ticker: BRK.B), Barrick Gold Corp. (Ticker: GOLD) and Chevron Corp. (Ticker: CVX)
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| Amount: | $480,000
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| Maturity: | Jan. 15, 2026
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| Coupon: | 14% annual rate, payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date
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| Price: | Par
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| Payout at maturity: | Par if all three stocks close above trigger buffer level; otherwise, full exposure to losses of worst performer
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| Call: | At par plus coupon if closing share price of least performing stock is greater than or equal to its initial share price on any monthly observation date after six months
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| Initial share prices: | $272.83 for Caterpillar, $98.65 for NIKE, $332.42 for Microsoft
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| Coupon barrier prices: | 70% of initial levels
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| Trigger buffer levels: | 70% of initial level
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 11
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 40057XSR7
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