New Issue: GS Finance sells $823,000 index-linked notes on Stoxx, Russell, S&P

By Kiku Steinfeld

Chicago, Dec. 14 – GS Finance Corp. priced $823,000 of 0% index-linked notes due May 24, 2024 tied to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 65% of its initial level, the payout will be the maximum settlement amount of $1,093.05 for each $1,000 face amount of notes.

Otherwise, investors will lose 1% for every 1% decline of the least performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000, S&P 500, Euro Stoxx 50
Amount:	$823,000
Maturity:	May 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 65% of its initial level, the payout will be the maximum settlement amount of $1,093.05 for each $1,000 face amount of notes; otherwise, 1% loss for every 1% decline of least performing index
Initial index levels:	1,791.506 for Russell, 4,133.52 for S&P, 4,408.59 for Stoxx
Barrier levels:	65% of initial index levels
Pricing date:	April 21, 2023
Settlement date:	April 26, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.725%
Cusip:	40057RJW9

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