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Published on 9/19/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.05 million index-linked notes tied to Russell, S&P

By William Gullotti

Buffalo, N.Y., Sept. 19 – GS Finance Corp. priced $2.05 million of 0% index-linked notes due Sept. 3, 2026 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above initial level, the payout at maturity will be par plus 24.5%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$2,049,000
Maturity:Sept. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above initial level, par plus 24.5%; otherwise, par
Initial levels:1,899.676 for Russell, 4,507.66 for S&P
Pricing date:Aug. 31
Settlement date:Sept. 6
Agent:Goldman Sachs & Co. LLC
Fees:0.75%
Cusip:40057TQS6

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