New Issue: GS Finance prices $9.38 million digital index-linked notes on S&P 500

By Marisa Wong

Los Angeles, Sept. 1 – GS Finance Corp. priced $9.38 million of 0% digital index-linked notes due Sept. 13, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 15%, the payout at maturity will be the maximum settlement amount o f $1,100.10 per $1,000 principal amount.

If the index falls by more than 15%, investors will lose 1.1765% for every 1% index decline beyond 15%.

Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$9.38 million
Maturity:	Sept. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 15%, par plus 10.01%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
Initial index level:	4,057.66
Final level:	Average of index closing levels on each of five trading dates ending Sept. 8, 2023
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%, including selling concession of up to 1%
Cusip:	40057MX79

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