By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – GS Finance Corp. priced $1.37 million of 0% underlier-linked notes due Jan. 29, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 10.5% annualized premium if each asset closes at or above 95% of its initial level on an annual call date.
If the return of each underlier is at or above 95% of its initial level, the payout at maturity will be par plus 42%.
If the return of each underlier is below negative 5% but greater than or equal to negative 30%, the payout will be par.
If either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser 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 underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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| Amount: | $1.37 million
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| Maturity: | Jan. 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10.5% annualized premium if each asset closes at or above 95% of initial level on an annual call date
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| Payout at maturity: | If the return of each underlier is at or above 95% of initial level, par plus 42%; if the return of each underlier is below negative 5% but greater than or equal to negative 30%, par; if either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser performer
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| Initial levels: | $55.83 for ETF, 3,602.41 for Stoxx
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40057F2L7
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