New Issue: GS Finance sells $515,000 index-linked notes on Dow, S&P, Nasdaq

By Kiku Steinfeld

Chicago, Jan. 26 – GS Finance Corp. priced $515,000 of 0% index-linked notes due June 11, 2027 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the least performing index gains or falls flat, the payout at maturity will be par plus 149% of the return of that index. If the least performing index declines by up to 40%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index, Nasdaq-100 index
Amount:	$515,000
Maturity:	June 11, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If least performing index gains, par plus 149% of the return of that index; par if least performer falls by up to 40%; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	33,833.61 for Dow, 4,293.93 for S&P, 14,484.54 for Nasdaq
Trigger buffer levels:	60% of initial levels
Pricing date:	June 8, 2023
Settlement date:	June 13, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.55%
Cusip:	40057T6F6

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