New Issue: GS Finance prices $616,000 buffered index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Oct. 12 – GS Finance Corp. priced $616,000 of 0% buffered index-linked notes due March 29, 2028 tied to 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 index return is positive, the payout at maturity will be par plus 1.15 times the index return.

Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$616,000
Maturity:	March 29, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 1.15 times the index return; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial index level:	3,970.99
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057R2K3

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