New Issue: GS Finance prices $1.49 million PLUS linked to Topix

New York, Oct. 24 – GS Finance Corp. priced $1.49 million of 0% PLUS due Feb. 5, 2025 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 37%.

Investors will be fully exposed to any index decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	PLUS
Underlying index:	Topix index
Amount:	$1,488,000
Maturity:	Feb. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 37%; otherwise, 1% loss for every 1% that index declines
Initial level:	2,295.34
Upside leverage:	300%
Cap:	37%
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	Goldman Sachs & Co. LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40057WH26

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