New Issue: GS Finance sells $891,000 index-linked notes on S&P, Stoxx, Russell

By Kiku Steinfeld

Chicago, April 11 – GS Finance Corp. priced $891,000 of 0% index-linked notes due Sept. 29, 2026 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus the greater of 44.25% and the return of the least performing index.

If the least performing index falls by up to 35%, the payout will be par plus its absolute value.

Otherwise, investors will be fully exposed to the losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index, Russell 2000 index
Amount:	$891,000
Maturity:	Sept. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is zero or positive, par plus greater of 44.25% and lowest return; if least performing index falls by up to its trigger buffer level, par plus its absolute value; if any index falls by more than its trigger buffer level, full exposure to decline of least performer
Initial levels:	4,455.48 for S&P, 4,158.51 for Stoxx, 2,248.075 for Russell
Trigger buffer levels:	70% of initial levels
Pricing date:	Sept. 24, 2021
Settlement date:	Sept. 29, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057JKU9

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