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Published on 10/9/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1 million leveraged basket-linked notes

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – GS Finance Corp. priced $1 million of 0% leveraged notes due Oct. 7, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.

The payout at maturity will be par plus 3 times the basket gain up to $1,457.80 for each $1,000 face amount of notes.

Investors will have full exposure to any basket decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying assets:Euro Stoxx 50 index (36%), Topix index (26%), FTSE 100 index (17%), Swiss Market index (12%), S&P/ASX 200 index (9%)
Amount:$1 million
Maturity:Oct. 7, 2025
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 3 times basket gain up to $1,457.80 for each $1,000 face amount of notes; full exposure to loss
Initial levels:4,095.59 for Stoxx, 2,275.47 for Topix, 7,470.16 for FTSE, 10,763.37 for Swiss Market, 6,943.414 for S&P/ASX 200
Pricing date:Oct. 8
Settlement date:Oct. 11
Agent:Goldman Sachs & Co. LLC
Fees:1.5%
Cusip:40057WGA9

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