New Issue: GS Finance prices $500,000 digital index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Sept. 29 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due April 2, 2024 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 gains or does not lose more than 40%, the payout at maturity will be par plus 6.91%.

If the index loses more than 40%, investors will be fully exposed to the decline of the index.

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

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	April 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or does not lose more than 40%, par plus 6.91%; otherwise, full exposure to losses of index
Initial index level:	3,891.93
Barrier level:	60% of initial level
Pricing date:	March 16, 2023
Settlement date:	March 21, 2023
Agent:	Goldman Sachs & Co. LLC with JPMorgan as placement agent
Fees:	1%
Cusip:	40057R4Q8

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