New Issue: GS Finance prices $2.71 million autocallables with upside participation linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 4 – GS Finance Corp. priced $2.71 million of 0% market-linked notes – autocallable with upside participation to a cap and principal return at maturity due April 4, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 12.3% if the index closes at or above its initial level on April 4, 2025.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter, and Wells Fargo Securities LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked notes – autocallable with upside participation to a cap and principal return at maturity
Underlying index:	S&P 500 index
Amount:	$2,711,000
Maturity:	April 4, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level, par
Call:	Automatically at par plus 12.3% if index closes at or above initial level on April 4, 2025
Initial level:	4,050.83
Pricing date:	March 30, 2023
Settlement date:	April 4, 2023
Underwriter:	Goldman Sachs & Co. LLC
Agent:	Wells Fargo Securities LLC
Fees:	3.575%
Cusip:	40057PVB5

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