New Issue: GS Finance sells $632,000 index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, May 10 – GS Finance Corp. priced $632,000 of 0% index-linked notes due Feb. 5, 2025 tied to S&P 500 index, according to a 424B2 filing with Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index never closes below 85% or above 118% of initial level, the payout at maturity will be $1,160 per each $1,000 principal amount. Otherwise, investors will receive $1,050 for each $1,000 principal amount.

Goldman Sachs & Co. LLC is agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500
Amount:	$632,000
Maturity:	Feb. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index never closes below 85% or above 118% of initial level, $1,160 per $1,000 each principal amount of notes; otherwise, $1,050 for each $1,000 note
Initial index level:	4,588.96
Pricing date:	July 31, 2023
Settlement date:	Aug. 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057TFB5

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