New Issue: GS Finance prices $500,000 buffered digital equity-linked notes on Alphabet

By Kiku Steinfeld

Chicago, Feb. 6 – GS Finance Corp. priced $500,000 of 0% buffered digital equity-linked notes due Sept. 25, 2024 linked to the stock performance of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock finishes at or above buffer level, 85% of initial level, the payout at maturity will be par plus 15.35%.

Otherwise, investors will lose 1.1765% for every 1% that the stock declines beyond the 15% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital equity-linked notes
Underlying stock:	Alphabet Inc.
Amount:	$500,000
Maturity:	Sept. 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above buffer level, par plus 15.35%; otherwise, 1.1765% loss for every 1% of stock decline beyond 15% buffer
Initial stock level:	$120.55
Buffer level:	85% of initial level
Pricing date:	June 21, 2023
Settlement date:	June 28, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.94%
Cusip:	40057TDF8

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