New Issue: GS Finance prices $875,000 basket-linked notes on stock basket

Chicago, Feb. 15 – GS Finance Corp. priced $875,000 of 0% basket-linked notes due Jan. 7, 2027 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Arista Networks, Inc., Caterpillar Inc., Intuitive Surgical, Inc., KLA Corp., Parker-Hannifin Corp., Prologis, Inc., Schlumberger NV (Schlumberger Ltd.), ServiceNow, Inc., Stryker Corp., and Synopsys, Inc.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 31.3%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Underlying stocks:	Arista Networks, Inc., Caterpillar Inc., Intuitive Surgical, Inc., KLA Corp., Parker-Hannifin Corp., Prologis, Inc., Schlumberger NV (Schlumberger Ltd.), ServiceNow, Inc., Stryker Corp., and Synopsys, Inc.; equal weights
Amount:	$875,000
Maturity:	Jan. 7, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes positive, par plus the basket return capped at 31.3%; otherwise, investors will receive par
Initial levels:	$231.56 for Arista, $292.71 for Caterpillar, $330.98 for Intuitive, $560.39 for KLA, $458.61 for Parker, $134.62 for Prologis, $51.98 for Schlumberger, $687.52 for ServiceNow, $296.23 for Stryker, $498.97 for Synopsys
Pricing date:	Jan. 2
Settlement date:	Jan. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057XM85

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