New Issue: GS Finance prices $14.83 million trigger notes linked to S&P 500

By Marisa Wong

Los Angeles, Sept. 1 – GS Finance Corp. priced $14.83 million of 0% index-linked trigger notes due Sept. 13, 2023 linked to 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 index finishes at or above 80% of the initial level, the payout at maturity will be par plus 11.51%. Otherwise, the payout will be par plus the index return, with full exposure to the index decline.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500 index
Amount:	$14,826,000
Maturity:	Sept. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.51% unless index falls by more than 20%, in which case full exposure to losses
Initial index level:	4,057.66
Final level:	Average of index closing levels on each of five trading dates ending Sept. 8, 2023
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%, including selling concession of up to 1%
Cusip:	40057MX87

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