New Issue: GS Finance prices $500,000 leveraged buffered index-linked notes on Russell

By Kiku Steinfeld

Chicago, June 30 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due Feb. 8, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 104% of the return of the index. The payout will be par if the index declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.

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:	Leveraged buffered index-linked notes
Underlying index:	Russell 2000 index
Amount:	$500,000
Maturity:	Feb. 8, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 104% of index return; par if index declines but by no more than 15% buffer; otherwise 1% loss for every 1% that the index declines beyond buffer
Initial level:	1,985.534
Upside leverage:	104%
Cap:	None
Buffer:	15%
Downside leverage:	100%
Pricing date:	Feb. 3, 2023
Settlement date:	Feb. 8, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1.125%
Cusip:	40057PM33

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