New Issue: GS Finance sells $256,000 index-linked notes on S&P, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Feb. 5 – GS Finance Corp. priced $256,000 of 0% index-linked notes due June 20, 2025 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index closes at or above 70% of its initial level, the payout at maturity will be par plus 20.3%.

Otherwise, investors will be exposed to the decline of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:	$256,000
Maturity:	June 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above 70% of its initial level, par plus 20.3%. otherwise investors will be exposed to the decline of the worst performing index from its initial level
Initial levels:	15,083.92 for Nasdaq, 1,875.467 for Russell, 4,409.59 for S&P
Barrier levels:	70% of initial levels
Pricing date:	June 16, 2023
Settlement date:	June 22, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.7%
Cusip:	40057TBT0

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