By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – GS Finance Corp. priced $22 million of 0% index-linked notes due June 17, 2027 based on the performance of the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 141% of the initial index level, the payout at maturity will be the sum of (i) $1,480 plus (ii) the product of (a) $1,000 times (b) 2.925 times (c) the result of the index return minus 41%, subject to the maximum settlement amount of $1,831 for each $1,000 face amount of notes.
If the final index level is less than 141% of the initial index level but greater than or equal to 91% of the initial index level, the return will be zero or positive and will equal the product of (i) 0.96 times (ii) the index return plus 9%.
If the final index level is less than 91% of the initial index level, the return on your notes will be negative and will equal the index return plus 9%.
If the index falls by up to 17%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 17%.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $22 million
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| Maturity: | June 17, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to 141% of initial index level, sum of (i) $1,480 plus (ii) the product of (a) $1,000 times (b) 2.925 times (c) result of the index return minus 41%, subject to maximum settlement amount of $1,831 for each $1,000 face amount; if final index level is less than 141% of initial index level but greater than or equal to 91% of initial index level, return will be zero or positive and will equal the product of (i) 0.96 times (ii) index return plus 9%; If final index level is less than 91% of initial index level, return on your notes will be negative and will equal index return plus 9%
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| Initial index level: | Average of closing levels from Feb. 3 through Feb. 15
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| Final level: | Average of closing levels from March 16, 2027 through June 14, 2027
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 0.15%
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| Cusip: | 40057L4B4
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