By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $1 million of 0% autocallable buffered equity-linked notes due Jan. 23, 2026 linked to UnitedHealth Group Inc., 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 12.8% if the stock closes at or above its initial level on Jan. 24, 2025.
If the notes are not called and the stock return is positive, the payout at maturity will be par plus 150% of the gain.
Investors will receive par if the stock falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered equity-linked notes
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| Underlying stock: | UnitedHealth Group Inc.
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| Amount: | $1 million
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| Maturity: | Jan. 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the stock return is positive, par plus 150% of the gain; par if the stock falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
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| Call: | Automatically at par plus 12.8% if the stock closes at or above the initial stock level on Jan. 24, 2025
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| Initial level: | $519.15
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| Buffer level: | 90% of initial level
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| Strike date: | Jan. 16
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
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| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 40057XWW1
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