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Published on 10/26/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.08 million notes linked to basket of 109 stocks

By Angela McDaniels

Tacoma, Wash., Oct. 26 – GS Finance Corp. priced $2.08 million of 0% basket-linked notes due Dec. 13, 2023 linked to a basket of 109 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes priced at 99.95% of par.

The basket includes Alexandria Real Estate Equities, Inc. (0.80% weight), Altice USA, Inc. (0.31% weight), Ameren Corp. (0.84% weight), Ames National Corp. (0.01% weight), Arrow Financial Corp. (0.03% weight), ASGN Inc. (0.65% weight), Avalo Therapeutics, Inc. (0.01% weight), BJ's Wholesale Club Holdings, Inc. (1.84% weight), Black Knight, Inc. (0.93% weight), BOK Financial Corp. (0.64% weight), Boyd Gaming Corp. (1.97% weight), Brinker International, Inc. (1.57% weight), Builders FirstSource, Inc. (0.79% weight), CACI International Inc. (1.24% weight), Calyxt, Inc. (0.01% weight), CareTrust REIT, Inc. (0.45% weight), Cass Information Systems, Inc. (0.05% weight), Central Garden & Pet Co. (0.06% weight), Central Garden & Pet Co. (0.19% weight), Charter Communications, Inc. (0.75% weight), Cheesecake Factory Inc. (1.71% weight), Community Bank System, Inc. (0.40% weight), Construction Partners, Inc. (0.21% weight), Continental Resources, Inc. (4.77% weight), CSX Corp. (1.37% weight), Cytomx Therapeutics Inc. (0.02% weight), Daily Journal Corp. (0.01% weight), Deciphera Pharmaceuticals, Inc. (0.19% weight), Devon Energy Corp. (2.50% weight), Diamondback Energy, Inc. (4.10% weight), Donegal Group Inc. (0.01% weight), Eagle Bancorp, Inc. (0.18% weight), Earthstone Energy, Inc. (0.09% weight), EastGroup Properties, Inc. (0.97% weight), Ennis, Inc. (0.08% weight), Ensign Group, Inc. (0.52% weight), ESSA Bancorp, Inc. (0.01% weight), Essential Utilities, Inc. (0.37% weight), Evans Bancorp, Inc. (0.01% weight), First Citizens BancShares, Inc. (0.85% weight), Forestar Group Inc. (0.03% weight), FutureFuel Corp. (0.04% weight), Genworth Financial, Inc. (0.62% weight), Global Industrial Co. (0.06% weight), Granite Construction Inc. (0.24% weight), Hawkins, Inc. (0.07% weight), Heritage-Crystal Clean, Inc. (0.03% weight), Home Bancorp, Inc. (0.01% weight), Huntington Ingalls Industries, Inc. (1.64% weight), Insteel Industries, Inc. (0.04% weight), J.B. Hunt Transport Services, Inc. (1.58% weight), Jack Henry & Associates, Inc. (0.50% weight), Jounce Therapeutics, Inc. (0.01% weight), Liberty Media Corp. (1.93% weight), Ligand Pharmaceuticals Inc. (0.59% weight), Loews Corp. (1.34% weight), MacroGenics, Inc. (0.09% weight), Madison Square Garden Sports Corp. (0.67% weight), Marcus & Millichap, Inc. (0.11% weight), Matador Resources Co. (8.44% weight), Maui Land & Pineapple Co., Inc. (0.01% weight), McGrath RentCorp. (0.24% weight), Morgan Stanley (0.94% weight), MYR Group Inc. (0.16% weight), NextGen Healthcare, Inc. (0.20% weight), NiSource Inc. (1.23% weight), Nordstrom, Inc. (1.39% weight), Norfolk Southern Corp. (1.43% weight), Nucor Corp. (3.57% weight), NV5 Global, Inc. (0.27% weight), Ocular Therapeutix, Inc. (0.08% weight), Office Properties Income Trust (0.08% weight), Old Dominion Freight Line, Inc. (1.72% weight), Otter Tail Corp. (0.19% weight), Paratek Pharmaceuticals, Inc. (0.04% weight), Paychex, Inc. (1.68% weight), PDC Energy, Inc. (3.05% weight), Performance Food Group Co. (1.90% weight), PetIQ, Inc. (0.06% weight), PG&E Corp. (1.52% weight), Pioneer Natural Resources Co. (2.84% weight), Portland General Electric Co. (0.67% weight), Prosperity Bancshares, Inc. (1.01% weight), Ranger Oil Corp. (1.91% weight), RH (1.07% weight), Safe Bulkers, Inc. (0.01% weight), Science Applications International Corp. (1.62% weight), SiteOne Landscape Supply, Inc. (0.79% weight), SLM Corp. (2.22% weight), SM Energy Co. (7.79% weight), SmartFinancial, Inc. (0.02% weight), Spero Therapeutics, Inc. (0.01% weight), SunCoke Energy, Inc. (0.21% weight), Sutro Biopharma, Inc. (0.03% weight), SVB Financial Group (1.19% weight), T. Rowe Price Group, Inc. (0.94% weight), Tejon Ranch Co. (0.04% weight), Terreno Realty Corp. (0.60% weight), Texas Capital Bancshares, Inc. (1.25% weight), Tilly's, Inc. (0.07% weight), Timberland Bancorp, Inc. (0.01% weight), Tractor Supply Co. (1.83% weight), Trex Co., Inc. (0.13% weight), Trinity Industries, Inc. (0.68% weight), Turning Point Brands, Inc. (0.04% weight), UFP Technologies, Inc. (0.06% weight), Ulta Beauty, Inc. (2.24% weight), Universal Health Services, Inc. (1.37% weight) and Voyager Therapeutics, Inc. (0.04% weight).

The payout at maturity will be par plus the basket return. If the basket return is negative, investors will receive less than par.

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:Basket-linked notes
Underlying stocks:Alexandria Real Estate Equities, Inc. (0.80% weight), Altice USA, Inc. (0.31% weight), Ameren Corp. (0.84% weight), Ames National Corp. (0.01% weight), Arrow Financial Corp. (0.03% weight), ASGN Inc. (0.65% weight), Avalo Therapeutics, Inc. (0.01% weight), BJ's Wholesale Club Holdings, Inc. (1.84% weight), Black Knight, Inc. (0.93% weight), BOK Financial Corp. (0.64% weight), Boyd Gaming Corp. (1.97% weight), Brinker International, Inc. (1.57% weight), Builders FirstSource, Inc. (0.79% weight), CACI International Inc. (1.24% weight), Calyxt, Inc. (0.01% weight), CareTrust REIT, Inc. (0.45% weight), Cass Information Systems, Inc., (0.05% weight), Central Garden & Pet Co. (0.06% weight), Central Garden & Pet Co. (0.19% weight), Charter Communications, Inc. (0.75% weight), Cheesecake Factory Inc. (1.71% weight), Community Bank System, Inc. (0.40% weight), Construction Partners, Inc. (0.21% weight), Continental Resources, Inc. (4.77% weight), CSX Corp. (1.37% weight), Cytomx Therapeutics Inc. (0.02% weight), Daily Journal Corp. (0.01% weight), Deciphera Pharmaceuticals, Inc. (0.19% weight), Devon Energy Corp. (2.50% weight), Diamondback Energy, Inc. (4.10% weight), Donegal Group Inc. (0.01% weight), Eagle Bancorp, Inc. (0.18% weight), Earthstone Energy, Inc. (0.09% weight), EastGroup Properties, Inc. (0.97% weight), Ennis, Inc. (0.08% weight), Ensign Group, Inc. (0.52% weight), ESSA Bancorp, Inc. (0.01% weight), Essential Utilities, Inc. (0.37% weight), Evans Bancorp, Inc. (0.01% weight), First Citizens BancShares, Inc. (0.85% weight), Forestar Group Inc. (0.03% weight), FutureFuel Corp. (0.04% weight), Genworth Financial, Inc. (0.62% weight), Global Industrial Co. (0.06% weight), Granite Construction Inc. (0.24% weight), Hawkins, Inc. (0.07% weight), Heritage-Crystal Clean, Inc. (0.03% weight), Home Bancorp, Inc. (0.01% weight), Huntington Ingalls Industries, Inc. (1.64% weight), Insteel Industries, Inc. (0.04% weight), J.B. Hunt Transport Services, Inc. (1.58% weight), Jack Henry & Associates, Inc. (0.50% weight), Jounce Therapeutics, Inc. (0.01% weight), Liberty Media Corp. (1.93% weight), Ligand Pharmaceuticals Inc. (0.59% weight), Loews Corp. (1.34% weight), MacroGenics, Inc. (0.09% weight), Madison Square Garden Sports Corp. (0.67% weight), Marcus & Millichap, Inc. (0.11% weight), Matador Resources Co. (8.44% weight), Maui Land & Pineapple Co., Inc. (0.01% weight), McGrath RentCorp. (0.24% weight), Morgan Stanley (0.94% weight), MYR Group Inc. (0.16% weight), NextGen Healthcare, Inc. (0.20% weight), NiSource Inc. (1.23% weight), Nordstrom, Inc. (1.39% weight), Norfolk Southern Corp. (1.43% weight), Nucor Corp. (3.57% weight), NV5 Global, Inc. (0.27% weight), Ocular Therapeutix, Inc. (0.08% weight) , Office Properties Income Trust (0.08% weight), Old Dominion Freight Line, Inc. (1.72% weight), Otter Tail Corp. (0.19% weight), Paratek Pharmaceuticals, Inc. (0.04% weight), Paychex, Inc. (1.68% weight), PDC Energy, Inc. 3.05% weight), Performance Food Group Co. (1.90% weight), PetIQ, Inc. (0.06% weight), PG&E Corp. (1.52% weight), Pioneer Natural Resources Co. (2.84% weight), Portland General Electric Co. (0.67% weight), Prosperity Bancshares, Inc. (1.01% weight), Ranger Oil Corp. (1.91% weight), RH (1.07% weight), Safe Bulkers, Inc. (0.01% weight), Science Applications International Corp. (1.62% weight), SiteOne Landscape Supply, Inc. (0.79% weight), SLM Corp. (2.22% weight), SM Energy Co. (7.79% weight), SmartFinancial, Inc. (0.02% weight), Spero Therapeutics, Inc. (0.01% weight), SunCoke Energy, Inc. (0.21% weight), Sutro Biopharma, Inc. (0.03% weight), SVB Financial Group (1.19% weight), T Rowe Price Group, Inc. (0.94% weight), Tejon Ranch Co. (0.04% weight), Terreno Realty Corp. (0.60% weight), Texas Capital Bancshares, Inc. (1.25% weight), Tilly's, Inc. (0.07% weight), Timberland Bancorp, Inc. (0.01% weight), Tractor Supply Co. (1.83% weight), Trex Co., Inc. (0.13% weight), Trinity Industries, Inc. (0.68% weight), Turning Point Brands, Inc. (0.04% weight), UFP Technologies, Inc. (0.06% weight), Ulta Beauty, Inc. (2.24% weight), Universal Health Services, Inc. (1.37% weight) and Voyager Therapeutics, Inc. (0.04% weight).
Amount:$2,075,000
Proceeds:$2,073,962.50
Maturity:Dec. 13, 2023
Coupon:0%
Price:99.95
Payout at maturity:Par plus basket return
Pricing date:Nov. 11, 2022
Settlement date:Nov. 18, 2022
Underwriter:Goldman Sachs & Co. LLC
Fees:0.82%
Cusip:362273BU7

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