New Issue: GS Finance sells $789,000 index-linked notes on S&P, Nasdaq, Dow

Chicago, Oct. 3 – GS Finance Corp. priced $789,000 of 0% index-linked notes due Sept. 29, 2025 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 70% of its initial level, the payout at maturity will be the greater of par plus the return of the worst performer or 21.25%.

Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

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:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
Amount:	$789,000
Maturity:	Sept. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par plus greater of return of worst performer or 21.25%; otherwise, 1% loss for every 1% decline of the least-performing index
Initial index levels:	11,493.83 for Nasdaq, 3,719.04 for S&P and 29,683.74 for Dow
Trigger level:	70% of initial levels
Pricing date:	Sept. 28, 2022
Settlement date:	Oct. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057N7E1

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