New Issue: GS Finance prices $80,000 notes linked to BlackRock Dynamic Factor index

By Kiku Steinfeld

Chicago, Jan. 8 – GS Finance Corp. priced $80,000 of 0% index-linked notes due April 30, 2026 linked to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2.5 times the index return. If the index return is zero or negative, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	BlackRock Dynamic Factor index
Amount:	$80,000
Maturity:	April 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 2.5 times index return; if index return is zero or negative, par
Initial level:	929.02
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.22%
Cusip:	40057REY0

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