New Issue: GS Finance prices $305,000 buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 27 – GS Finance Corp. priced $305,000 of 0% buffered index-linked notes due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 115% of the index return. The payout will be par if the index declines by up to 20%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$305,000
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 115% of index return; par if index declines by up to 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	4,450.38
Buffer level:	80% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.57%
Cusip:	40057TDJ0

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