New Issue: GS Finance prices $250,000 buffered notes linked to Dow Jones industrial average

By Angela McDaniels

Tacoma, Wash., Sept. 8 – GS Finance Corp. priced $250,000 of 0% buffered notes due Sept. 5, 2025 linked to the Dow Jones industrial average, 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 the index return, subject to a maximum return of 76%. The payout will be par if the index declines by up to 20%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

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 notes
Underlying indexes:	Dow Jones industrial average
Amount:	$250,000
Maturity:	Sept. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return, subject to maximum return of 76%; par if index declines by up to 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	31,656.42
Buffer level:	80% of initial level
Pricing date:	Sept. 1, 2022
Settlement date:	Sept. 7, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057MXY0

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