New Issue: GS Finance prices $465,000 basket-linked notes on weighted basket of index, ETF

By Kiku Steinfeld

Chicago, Oct. 31 – GS Finance Corp. priced $465,000 of 0% notes due April 5, 2027 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the iShares Core U.S. Aggregate Bond ETF and the S&P 500 index. The basket return will be based on the weighted performance of each asset. The best performing asset will carry a 60% weight and the second-best performing asset will carry a 40% weight.

If the weighted basket return is positive, the payout at maturity will be par plus the weighted gain, capped at $1,320 for each $1,000 note.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Underlying assets:	iShares Core U.S. Aggregate Bond ETF, S&P 500; best performing asset weighted at 60%, second best performing asset weighted at 40%
Amount:	$465,000
Maturity:	April 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any weighted basket gain, capped at $1,320 for each $1,000 note; otherwise, par
Initial levels:	$99.64 for ETF, 4,109.31 for S&P
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	3.25%
Cusip:	40057R7G7

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