New Issue: GS Finance prices $200,000 buffered digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 10 – GS Finance Corp. priced $200,000 of 0% buffered digital index-linked notes due July 17, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 20%, the payout at maturity will be $1,220 per $1,000 principal amount of notes.

If the index return is below negative 20%, the payout will be par minus 1% for every 1% that the index declines beyond 20%.

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:	Buffered digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$200,000
Maturity:	July 17, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 20%, par plus 22%: otherwise, par minus 1% for every 1% that index declines beyond 20%
Initial level:	4,505.42
Buffer level:	80% of initial level
Pricing date:	July 14, 2023
Settlement date:	July 19, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057TKZ6

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