New Issue: GS Finance prices $1.29 million buffered notes linked to S&P

By Angela McDaniels

Tacoma, Wash., Feb. 28 – GS Finance Corp. priced $1.29 million of 0% buffered index-linked notes due June 30, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 107% of the index return. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$1.29 million
Maturity:	June 30, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 107% of index return; if index declines by 15% or less, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	4,378.41
Buffer level:	85% of initial level
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.01%
Cusip:	40057T2D5

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