GS Finance to price leveraged market-linked autocalls with contingent downside on Stoxx

By Emma Trincal

New York, March 22 – GS Finance Corp. plans to price 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due April 1, 2027 linked to the performance of the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on March 28, 2025, the notes will be automatically called at par plus a call premium of at least 12.8%. The exact premium will be set at pricing.

If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the index gain.

If the index declines but finishes at or above its 75% downside threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities LLC is the agent.

The notes are expected to price on March 25 and to settle on March 28.

The Cusip number is 40057YT78.

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