New Issue: GS Finance prices $565,000 autocallable basket-linked notes on stocks

By Kiku Steinfeld

Chicago, July 28 – GS Finance Corp. priced $565,000 of 0% autocallable basket-linked notes due March 1, 2027 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Alphabet Inc., Apple Inc., Meta Platforms, Inc., Netflix, Inc. and Tesla, Inc.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be automatically called at par plus 10.5% per year if the basket closes at or above its initial level on any annual call date.

If the final basket return is positive or flat, the payout at maturity will be par plus 42%.

Otherwise, investors will lose 1% for every 1% that the weighted basket return is less than the basket’s initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable basket-linked notes
Underlying stocks:	Alphabet Inc., Apple Inc., Meta Platforms, Inc., Netflix, Inc. and Tesla, Inc., equally-weighted
Amount:	$565,000
Maturity:	March 1, 2027
Coupon:	0%
Price:	Par
Call:	Par plus 10.5% per year if basket closes at or above initial level on an annual call date
Payout at maturity:	If final return is greater than or equal to initial level, par plus 42%; otherwise, full exposure to loss
Initial levels:	$92.05 for Alphabet, $148.48 for Apple, $172.08 for Meta, $337.50 for Netflix, $197.37 for Tesla
Pricing date:	Feb. 21, 2023
Settlement date:	Feb. 24, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	3.75%
Cusip:	40057PMU3

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