GS Finance to settle jump autocallables linked to indexes

By Emma Trincal

New York, March 22 – GS Finance Corp. plans to price 0% jump securities with autocallable feature due March 26, 2026 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will be called at par of $10 plus a call premium of 12.9% per annum if each index closes at or above its initial level on any quarterly observation date starting after one year.

At maturity, if the notes have not been called and each index finishes above its 100% call threshold level, the payout will be par plus 64.5%.

If the worst performing index finishes below its initial level but declines by no more than 20%, the payout will be par.

If the worst performing index finishes below its 80% downside threshold level, investors will be fully exposed to the decline of that index.

Goldman Sachs & Co. LLC is the underwriter.

Morgan Stanley & Co. LLC is the dealer.

The notes were expected to price on March 19 and to settle on March 24.

The Cusip number is 36259Y578.

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