By William Gullotti
Buffalo, N.Y., Nov. 1 – GS Finance Corp. priced $1.04 million of 0% autocallable buffered ETF-linked notes due Nov. 2, 2028 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 21.2% if the ETF closes at or above its initial level on Oct. 27, 2025.
If the notes are not called and the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF gain.
If the ETF falls by no more than 20%, the payout will be par. Otherwise, investors will lose 1% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered ETF-linked notes
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| Underlying fund: | Invesco QQQ Trust, Series 1
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| Amount: | $1,035,000
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| Maturity: | Nov. 2, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the notes are not called and the ETF return is positive, par plus 1.5 times the ETF gain; if the ETF falls by up to 20%, par; otherwise, 1% loss for each 1% decline beyond 20%
|
| Call: | Automatically at par plus 21.2% if the ETF closes at or above the initial ETF level on Oct. 27, 2025
|
| Initial level: | $343.66
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| Buffer level: | 80% of initial level
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
|
| Cusip: | 40057WSA6
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