New Issue: GS Finance prices $1 million digital index-linked notes on S&P

Chicago, July 22 – GS Finance Corp. priced $1 million of 0% digital index-linked notes Aug. 4, 2023 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.

If the final level of the index is greater than or equal to its buffer value, 85% of its initial level, the payout at maturity will be par plus 10.2%.

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

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,000,000
Maturity:	Aug. 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to buffer level, par plus 10.2%; if the index falls by more than 15%, 1.1765% loss for every 1% decline beyond 15%
Initial index level:	3,863.16
Buffer value:	85% of initial level
Pricing date:	July 19
Settlement date:	July 22
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	0.75%
Cusip:	40057MPR4

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