New Issue: GS Finance sells $486,000 index-linked notes on S&P, Stoxx

Chicago, April 22 – GS Finance Corp. priced $486,000 of 0% index-linked notes due Oct. 1, 2026 linked to the lesser performing of the S&P 500 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 final level of each index is positive, the payout at maturity will be par plus the return of the lesser performing index, capped at 25%.

If the worst performer falls by up to 35%, the payout will be par plus the absolute value of the index.

Otherwise, investors will be fully exposed to the losses of the worst performer.

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, Euro Stoxx 50
Amount:	$486,000
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the final level of each index is positive, par plus the return of the lesser performing index, capped at 25%; if worst performer declines but finishes above 65% of initial level, par plus absolute value of worst performer; otherwise, full exposure to losses of worst performer
Initial index levels:	4,443.11 for S&P, 4,165.48 for Stoxx
Trigger buffer levels:	65% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.97%
Cusip:	40057JFS0

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