New Issue: GS Finance prices $864,000 leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 27 – GS Finance Corp. priced $864,000 of 0% leveraged buffered index-linked notes due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 110% of the index return. If the index return is zero or negative but not below negative 25%, the payout will be par. If the return is below negative 25%, investors will lose 1% for every 1% that the index declines beyond 25%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$864,000
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 110% of index return; if index return is zero or negative but not below negative 25%, par; if return is below negative 25%, 1% loss for every 1% that index declines beyond 25%
Initial level:	4,450.38
Buffer level:	75% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057RZV3

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