New Issue: GS Finance prices $265,000 index-linked notes on S&P, Russell 2000

By Kiku Steinfeld

Chicago, Oct. 2 – GS Finance Corp. priced $265,000 of 0% notes due March 17, 2028 linked to 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 lesser performing index finishes above its initial level, the payout at maturity will be par plus 1.67 times the gain of the lesser performing index, capped at $2,000 for each $1,000 face amount of notes.

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:	S&P 500 index, Russell 2000 index
Amount:	$265,000
Maturity:	March 17, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.67 times any gain of lesser performing index, capped at $2,000 for each $1,000 face amount of notes; otherwise, par
Initial index levels:	3,951.57 for S&P, 1,744.990 for Russell
Pricing date:	March 20, 2023
Settlement date:	March 23, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057PYW6

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