New Issue: GS Finance prices $500,000 buffered digital equity-linked notes on Nvidia

By Kiku Steinfeld

Chicago, April 24 – GS Finance Corp. priced $500,000 of 0% buffered digital equity-linked notes due July 29, 2025 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock finishes at or above buffer level, 70% of initial level, the payout at maturity will be par plus 31%.

Otherwise, investors will lose 1.4286% for every 1% that the stock declines below the buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital equity-linked notes
Underlying stock:	Nvidia Corp.
Amount:	$500,000
Maturity:	July 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above buffer level, par plus 31%; otherwise, 1.4286% loss for every 1% of stock decline below the buffer
Initial stock level:	$459
Buffer level:	70% of initial level
Pricing date:	July 27, 2023
Settlement date:	Aug. 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	1.4%
Cusip:	40057TMC5

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