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Published on 10/30/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.11 million autocallable index-linked notes on Russell, Dow

By William Gullotti

Buffalo, N.Y., Oct. 30 – GS Finance Corp. priced $2.11 million of 0% autocallable index-linked notes due Oct. 23, 2026 tied to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on any annual valuation date, the notes will be called at par plus an 8.5% annual call premium.

If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 25.5%.

Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable index-linked notes
Underlying indexes:Russell 2000 index, Dow Jones industrial average
Amount:$2,108,000
Maturity:Oct. 23, 2026
Coupon:0%
Price:Par
Payout at maturity:If the notes are not called and each index finishes at or above its initial level, par plus 25.5%; otherwise, par
Call:If each index closes at or above initial level on any annual valuation date, notes will be called at par plus an 8.5% annual call premium
Initial index levels:1,680.792 for Russell, 33,127.28 for Dow
Pricing date:Oct. 20
Settlement date:Oct. 25
Agent:Goldman Sachs & Co. LLC
Fees:0.75%
Cusip:40057WKP1

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