New Issue: GS Finance sells $543,000 market-linked autocalls with principal return on Dow

By William Gullotti

Buffalo, N.Y., June 5 – GS Finance Corp. priced $543,000 of 0% market-linked notes – autocallable with principal return at maturity due June 2, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 12% if the index closes at or above the initial level on June 2, 2025.

If the notes are not called and the index finishes positive, the payout at maturity will be par plus the return. Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked notes – autocallable with principal return at maturity
Underlying index:	Dow Jones industrial average
Amount:	$543,000
Maturity:	June 2, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; otherwise, par
Call:	Automatically at par plus 12% call premium if the index closes at or above the initial level on June 2, 2025
Initial level:	33,042.78
Pricing date:	May 30
Settlement date:	June 2
Agents:	Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
Fees:	3.575%
Cusip:	40057RM54

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