New Issue: GS Finance prices $850,000 autocallable index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Dec. 1 – GS Finance Corp. priced $850,000 of 0% autocallable index-linked notes due June 25, 2025 tied 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.

The notes will be called at par plus a 12.7983% call premium if the index closes at or above its initial level on June 20, 2024.

If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.5 times the index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to loss if the index falls by more than 25%.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500 index
Amount:	$850,000
Maturity:	June 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, par plus 1.5 times index return; if the index declines by up to 25%, par; full exposure to loss if index falls by more than 25%
Call:	At par plus 12.7983% call premium if index closes at or above initial level on June 20, 2024
Initial index level:	Lowest closing level on any trading day from and including April 14, 2023 to and including May 3, 2023
Trigger buffer level:	75% of initial level
Pricing date:	April 19, 2023
Settlement date:	April 24, 2023
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1.58%
Cusip:	40057RJA7

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