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Published on 7/11/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.88 million index-linked notes tied to Russell 2000, S&P 500

By William Gullotti

Buffalo, N.Y., July 11 – GS Finance Corp. priced $1.88 million of 0% index-linked notes due July 3, 2026 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus 25.65%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$1,882,000
Maturity:July 3, 2026
Coupon:0%
Price:Par
Payout at maturity:If the return of each index is zero or positive, par plus 25.65%; otherwise, par
Initial levels:1,888.734 for Russell, 4,450.38 for S&P
Pricing date:June 30
Settlement date:July 6
Agent:Goldman Sachs & Co. LLC
Fees:0.75%
Cusip:40057T5F7

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