New Issue: GS Finance prices $160,000 notes linked to S&P 500 Daily Risk Control 5% USD

By Angela McDaniels

Tacoma, Wash., Feb. 6 – GS Finance Corp. priced $160,000 of 0% index-linked notes due Oct. 31, 2025 linked to the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive or zero, the payout at maturity will be par plus two times the index return.

If the index return is negative, the payout will be par plus the absolute value of the index return, subject to the maximum downside settlement amount of $2,000 per $1,000 principal amount of notes.

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:	Index-linked notes
Underlying index:	S&P 500 Daily Risk Control 5% USD Excess Return index
Amount:	$160,000
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive or zero, par plus two times the index return; if index return is negative, par plus absolute value of index return, subject to maximum payout of $2,000 per $1,000 principal amount of notes
Initial level:	160.32
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.68%
Cusip:	40057REG9

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