By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $8.5 million of 0% autocallable buffered index-linked notes due April 23, 2026 linked to the Euro Stoxx 50 index, 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% if the index closes at or above its initial level on May 2, 2025.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 296% of the index gain.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $8.5 million
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| Maturity: | April 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 index return is positive, par plus 296% of the index gain; par if the index falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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| Call: | Automatically at par plus 12% if the index closes at or above the initial index level on May 2, 2025
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| Initial level: | 4,918.09
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| Buffer level: | 85% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agents: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1.5%
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| Cusip: | 40058A5D2
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