New Issue: GS Finance sells $599,000 leveraged index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Feb. 29 – GS Finance Corp. priced $599,000 of 0% leveraged index-linked notes due June 30, 2028 tied 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 1.28 times the index return.

If the index return is negative but not by more than 20%, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the index.

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:	Leveraged index-linked notes
Underlying index:	S&P 500 index
Amount:	$599,000
Maturity:	June 30, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 1.28 times the index return; par if index declines but not beyond trigger buffer level; otherwise, full exposure to losses of index
Initial index level:	4,378.41
Trigger buffer level:	80% of initial level
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.125%
Cusip:	40057TE26

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