New Issue: GS Finance sells $703,000 autocallable index-linked notes on Russell

By Kiku Steinfeld

Chicago, Feb. 6 – GS Finance Corp. priced $703,000 of 0% autocallable index-linked notes due June 28, 2028 tied to the Russell 2000 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 14.2% call premium if the index closes at or above its initial level on June 21, 2024.

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

If the index declines by up to 30%, the payout will be par; otherwise, investors will be exposed to the decline of the index beyond the buffer.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	Russell 2000 index
Amount:	$703,000
Maturity:	June 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 1.5 times index return; if the index declines by up to 30%, par; otherwise, exposure to the decline of the index beyond buffer
Call:	At par plus 14.2% call premium if the index closes at or above its initial level on June 21, 2024
Initial level:	1,863.015
Buffer level:	70% of initial level
Pricing date:	June 21, 2023
Settlement date:	June 26, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.09%
Cusip:	40057TD68

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