New Issue: GS Finance sells $9.95 million index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – GS Finance Corp. priced $9.95 million of 0% index-linked notes due Jan. 25, 2023 linked to the performance of 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 the final level of the index is greater than the initial level, investors will receive at maturity par plus the index gain up to 7%.

Investors will receive par plus the absolute value of the index return if the index falls by up to 19.25% and will be fully exposed to losses if it falls by more than 19.25%.

Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$9,953,000
Maturity:	Jan. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is above initial level, par plus index return up to 7%; if index falls by up to 19.25%, par plus absolute value of index return; otherwise, full exposure to loss
Initial level:	4,677.03
Final level:	Average of closing levels from Jan. 13, 2023 through Jan. 20, 2023
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%
Cusip:	40057KPW7

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