New Issue: GS Finance prices $577,000 index-linked notes on S&P 500

Chicago, Feb. 13 – GS Finance Corp. priced $577,000 of 0% index-linked notes due May 29, 2026 linked 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.

The payout at maturity will be par plus the index return if the index finishes positive, capped at par plus 25%.

Otherwise, investors will have a 1% loss for each 1% decline, but not beyond the $950 minimum settlement amount.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$577,000
Maturity:	May 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return capped at par plus 25% if return finishes positive; otherwise, 1% loss for each 1% decline, but minimum settlement of $950 per $1,000 note
Initial index level:	4,205.45
Pricing date:	May 26, 2023
Settlement date:	June 1, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	3%
Cusip:	40057RVV7

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