By Kiku Steinfeld
Chicago, Aug. 21 – GS Finance Corp. priced $335,000 of 0% basket-linked notes due March 1, 2027 linked to a weighted basket consisting of an ETF and an index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the iShares 3-7 Year Treasury Bond ETF, with the weight of each underlier calculated on the determination date of Feb. 24, 2027.
On the determination date, the weighted return of the basket will be (i) the best performing return times 60% plus (ii) the least performing return times 40%.
If the weighted return is positive, the payout at maturity will be par plus the weighted return, capped at par plus 40%.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LCC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Basket-linked notes
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| Basket components: | S&P 500 index and iShares 3-7 Year Treasury Bond ETF; with best performing asset’s return weighted at 60% and least performing asset’s return weighted at 40% on determination date of Feb. 24, 2027
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| Amount: | $335,000
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| Maturity: | March 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of weighted basket, capped at par plus 40%; otherwise, par
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| Initial levels: | 3,970.04 for index, 4,130.29 for ETF
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| Pricing date: | Feb. 24, 2023
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| Settlement date: | March 1, 2023
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| Agent: | Goldman Sachs & Co. LCC
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| Fees: | 1.5%
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| Cusip: | 40057PQF2
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