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Published on 8/24/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices reopens buffered digital notes on S&P 500 for $13,000

Chicago, Aug. 24 – GS Finance Corp. priced an additional $13,000 of 0% buffered digital index-linked notes due Feb. 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes constitute a reopening of the $57,803,000 notes previously reported.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of the index is greater than or equal to its threshold level, 90% of its initial level, the payout at maturity will be par plus 13.25%.

If the index falls by more than 10% but not by more than 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

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:$13,000
Maturity:Feb. 21, 2025
Coupon:0%
Price:Par
Payout at maturity:If the final index level is greater or equal to threshold level, par plus 13.25%; if index falls by more than 10%, but not more than 20%, par; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:4,489.72
Threshold level:90% of initial level
Buffer level:80% of initial level
Pricing date:Aug. 21
Settlement date:Aug. 23
Underwriter:Goldman Sachs & Co. LLC
Fees:0%
Total issue size:$57,816,000 with the $57,803,000 of notes issued Aug. 21
Cusip:40057TVQ4

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