By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $560,000 of 0% underlier-linked notes due Jan. 30, 2026 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Russell 2000 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 both underliers is zero or positive, the payout at maturity will be par plus 1.4475 times any gain of the lesser-performing underlier.
If one or both underliers fall but both finish above 85% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF and Russell 2000 index
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| Amount: | $560,000
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| Maturity: | Jan. 30, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.4475 times return of lesser-performing underlier; if both underliers finish at or above initial levels; if lesser-performing underlier falls by up to 15%, par; otherwise, 1% loss for every 1% that lesser-performing underlier declines beyond 15%
|
| Initial levels: | $54.29 for ETF, 2,108.696 for index
|
| Pricing date: | Jan. 27
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| Settlement date: | Feb. 1
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
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| Cusip: | 40057F5A8
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