New Issue: GS Finance prices $146,000 leveraged basket-linked notes on Value indexes

By Kiku Steinfeld

Chicago, Sept. 23 – GS Finance Corp. priced $146,000 of 0% leveraged notes March 3, 2023 linked to an equally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P MidCap 400 Value index, the Russell 2000 Value index and the S&P 500 Value index, weighted equally.

The payout at maturity will be par plus two times any basket gain capped at 13%.

Investors will receive par if the basket finishes flat or falls by up to 15%. If the basket declines by more than 15%, investors will lose 1% for every 1% of decline from its initial level.

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 index-linked notes
Underlying assets:	Russell 2000 Value index, S&P MidCap 400 Value index, S&P 500 Value index; equal weights
Amount:	$146,000
Maturity:	March 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus two times any basket gain capped at 13%; par if basket finishes flat or declines by up to 15%; 1% loss for every 1% of basket decline from initial level
Initial levels:	1,521.39 for S&P 500, 2,343.913 for Russell, 853.40 for S&P MidCap
Buffer level:	85% of initial level
Pricing date:	Jan. 31, 2022
Settlement date:	Feb. 3, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057KMB6

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