By William Gullotti
Buffalo, N.Y., Feb. 20 – GS Finance Corp. priced $6.41 million of 0% market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside due Feb. 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, subject to a maximum return of par plus 17%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
| Underlying: | S&P 500 index
|
| Amount: | $6,405,000
|
| Maturity: | Feb. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 17%; if index falls by up to 15%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline of index beyond 15%
|
| Initial level: | 4,845.65
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.57%
|
| Cusip: | 40057XN50
|
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