New Issue: GS Finance prices $68,000 index-linked notes tied to S&P Daily Risk Control

By Kiku Steinfeld

Chicago, Sept. 8 – GS Finance Corp. priced $68,000 of 0% index-linked notes due Sept. 3, 2025 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 150% of the index return.

Otherwise, the payout at maturity will be par plus the absolute value of the index return, capped at 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:	$68,000
Maturity:	Sept. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus 150% of index return; otherwise, gain 1% for every 1% decline, capped at 200%
Initial level:	158.25
Pricing date:	Feb. 28, 2023
Settlement date:	March 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057PL59

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