New Issue: GS Finance prices $1.07 million of basket commodity-linked notes

Chicago, Dec. 1 – GS Finance Corp. priced $1.07 million of 0% basket commodity-linked notes due Oct. 30, 2024 linked to the performance of an equally weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc.

If the basket finishes positive, the payout at maturity will be par plus 1.1 times the basket gain.

Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket commodity-linked notes
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc
Amount:	$1,070,000
Maturity:	Oct. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes positive, par plus 1.1 times basket return, otherwise, par
Initial prices:	$85.32 for WTI, $93.52 for Brent, $5.613 for natural gas, $6.8625 for corn, $13.82 for soybeans, $8.3475 for wheat, $7,536 for corn, $2,920 for zinc
Pricing date:	Oct. 25, 2022
Settlement date:	Oct. 28, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057MV97

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