New Issue: GS Finance prices $689,000 digital equity-linked notes on Alphabet

By Kiku Steinfeld

Chicago, Sept. 8 – GS Finance Corp. priced $689,000 of 0% digital equity-linked notes due April 2, 2024 linked to the stock performance of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock finishes at or above barrier level, 74% of initial level, the payout at maturity will be par plus 13%.

Otherwise, investors will lose 1% for every 1% that the stock declines.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital equity-linked notes
Underlying stock:	Alphabet Inc.
Amount:	$689,000
Maturity:	April 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above barrier level, par plus 13%; otherwise, 1% loss for every 1% of stock decline
Initial stock level:	$90.30
Barrier level:	74% of initial level
Pricing date:	Feb. 28, 2023
Settlement date:	March 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1.93%
Cusip:	40057PQL9

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