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Published on 10/28/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.59 million market-linked notes on Dow Jones industrials

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – GS Finance Corp. priced $1.59 million of 0% market-linked notes due Sept. 23, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par of $10 plus the gain, capped at par plus 57.4%. Otherwise, the payout will be par.

Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Market-linked notes
Underlying index:Dow Jones industrial average
Amount:$1,594,000
Maturity:Sept. 23, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, capped at par plus 57.4%; otherwise, par
Initial index level:31,019.68
Pricing date:Sept. 19
Settlement date:Sept. 22
Underwriter:Goldman, Sachs & Co. LLC
Dealer:UBS Financial Services Inc.
Fees:0%
Cusip:40057N5S2

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