New York, Jan. 25 – GS Finance Corp. priced $35.53 million of 0% dual directional buffered PLUS due Feb. 4, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus 150% of the index return subject to a maximum return of par plus 17.2%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Dual directional buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $35.53 million
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Maturity: | Feb. 4, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 150% of index return subject to a maximum return of par plus 17.2%; par plus absolute value of index return if index declines but by no more than the 15% buffer; 1% loss for every 1% that index declines beyond buffer
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Upside leverage: | 150%
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Cap: | 17.2%
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Buffer: | 15%
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Call: | Non-callable
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Initial level: | 4,739.21
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 40057XNS0
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