New Issue: GS Finance prices $1.07 million index-linked notes on S&P Daily Risk Control

By Kiku Steinfeld

Chicago, Sept. 1 – GS Finance Corp. priced $1.07 million of 0% index-linked notes due March 4, 2026 linked to the performance of the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of the index is zero or positive, the payout at maturity will be par plus 155% of the index return.

Otherwise, the payout at maturity will be par plus the absolute value of the index return, subject to a maximum payout of 200% of par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 Daily Risk Control 5% USD Excess Return index
Amount:	$1,066,000
Maturity:	March 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus 155% of index return; otherwise, gain 1% for every 1% decline, subject to a maximum payout of 200% of par
Initial level:	158.38
Pricing date:	Feb. 27, 2023
Settlement date:	March 2, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	40057PJG8

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