New Issue: GS Finance prices $758,000 contingent coupon notes linked to Nasdaq Tech, Russell Value

By Angela McDaniels

Tacoma, Wash., Jan. 23 – GS Finance Corp. priced $758,000 of callable contingent coupon index-linked notes due May 3, 2030 linked to the lesser performing of the Nasdaq-100 Technology Sector index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 6.5% per year if each index closes at or above its coupon barrier level, 85% of its initial level, on the observation date for that month.

Beginning in May 2024, the notes are callable at par quarterly.

The payout at maturity will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon index-linked notes
Underlying indexes:	Nasdaq-100 Technology Sector index and Russell 2000 Value index
Amount:	$758,000
Maturity:	May 3, 2030
Coupon:	6.5% per year, payable monthly if both indexes close at or above coupon trigger levels on related observation date
Price:	Par
Payout at maturity:	Par
Call option:	Beginning in May 2024, notes are callable at par quarterly
Initial levels:	6,714.222 for Nasdaq and 2,006.090 for Russell
Coupon trigger levels:	85% of initial levels
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	4.375%
Cusip:	40057RM39

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