New Issue: Goldman prices $600,000 basket-linked notes on indexes, ETF

By Kiku Steinfeld

Chicago, Feb. 7 – GS Finance Corp. priced $600,000 of 0% notes due Nov. 14, 2024 linked to an unequally weighted basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 20% weight, the Nasdaq-100 index with a 10% weight, the S&P 500 index with a 60% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus any basket gain, capped at 39%.

Otherwise, investors will be exposed to the losses of the basket with a minimum payout of 90% of par.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Basket components:	S&P 500 index (60%), Euro Stoxx 50 index (20%), iShares MSCI Emerging Markets ETF (10%), Nasdaq-100 index (10%)
Amount:	$600,000
Maturity:	Nov. 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at 39%; otherwise, exposure to losses of the basket, subject to a minimum payout of 90% of par
Initial levels:	3,828.11 for S&P, 3,739.28 for Stoxx, 11,059.50 for Nasdaq, 900.02 for ETF
Pricing date:	Nov. 8, 2022
Settlement date:	Nov. 14, 2022
Agent:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	40057NXU6

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