New Issue: GS Finance sells $699,000 buffered index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, March 4 – GS Finance Corp. priced $699,000 of 0% buffered index-linked notes due July 31, 2024 based on the performance of 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 any index gain, up to 7.75%.

If the index falls by up to 15%, the payout will be par plus the absolute index return.

Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$699,000
Maturity:	July 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to 7.75%; if index falls by up to 15%, par plus the absolute index return; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	4,328.82
Buffer level:	85% of initial level
Pricing date:	June 26, 2023
Settlement date:	June 29, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1.93%
Cusip:	40057TCK8

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