New Issue: GS Finance prices $2.3 million digital index-linked notes on S&P 500

Chicago, April 30 – GS Finance Corp. priced $2.3 million of 0% digital index-linked notes due July 31, 2025 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 its threshold level, 80% of initial level, the payout at maturity will be par plus 11.51%.

Otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the agent. iCapital Markets LLC is a dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,304,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above threshold level, par plus 11.51%; otherwise, full exposure to losses of index
Initial index level:	4,890.97
Threshold level:	80% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Goldman Sachs & Co. LLC
Dealer:	iCapital Markets LLC
Fees:	1.25%
Cusip:	40057XZD0

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