By Kiku Steinfeld
Chicago, Dec. 9 – GS Finance Corp. priced $1.22 million of 0% autocallable underlier-linked notes due Aug. 27, 2026 linked to the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 7.5% annualized call premium if the lesser-performing underlier closes at or above its initial level on any annual observation date.
If the lesser-performing underlier finishes at or above 90% of its initial level, the payout at maturity will be par plus 37.5%.
If the worst performer falls below 90% of its initial level but no lower than 65% of its initial level, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
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: | Russell 2000 index, iShares MSCI Emerging Markets ETF
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| Amount: | $1,220,000
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| Maturity: | Aug. 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the lesser-performing underlier finishes at or above 90% of initial level, par plus 37.5%; if the worst performer falls below 90% but no lower than 65% of its initial level, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
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| Call: | Automatically at par plus 7.5% annualized premium if lesser-performing underlier closes at or above initial level on any annual observation date
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| Initial levels: | 2,167.600 for index, $49.50 for fund
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Aug. 20
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| Settlement date: | Aug. 25
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.125%
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| Cusip: | 40057JBA3
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