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Published on 6/16/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $600,000 index-linked notes on Russell, S&P

Chicago, June 16 – GS Finance Corp. priced $600,000 of 0% index-linked notes due Sept. 6, 2024 linked to the lesser performing of 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 both indexes finish above 80% of their initial levels, investors will receive par plus 9%.

Otherwise, investors will be exposed to losses of the worst performer beyond the 20% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$600,000
Maturity:Sept. 6, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 9% if both indexes finish above buffer levels; otherwise, 1% loss for each 1% decline beyond 20% buffer
Initial levels:4,179.83 for S&P, 1,749.65 for Russell
Buffer levels:80% of initial levels
Pricing date:May 31
Settlement date:June 5
Agent:Goldman Sachs & Co. LLC
Fees:2.1%
Cusip:40057RZE1

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