New Issue: GS Finance prices $1.01 million basket-linked notes on weighted index basket

By Kiku Steinfeld

Chicago, April 27 – GS Finance Corp. priced $1.01 million of 0% notes due Oct. 1, 2026 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the Euro Stoxx 50 index, the MSCI EAFE index and the MSCI Emerging Markets index. The basket return will be based on the weighted performance of the two best performing indexes. The best performing index will carry a 60% weight, the next best performing index will carry a 40% weight and the least performing index will be weighted at zero.

If the weighted basket return is positive, the payout at maturity will be par plus the weighted gain.

If the weighted basket return is negative, investors will be fully exposed to the decline of the weighted basket.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket-linked notes
Underlying indexes:	Euro Stoxx 50, MSCI EAFE, MSCI Emerging Markets; best performing index weighted at 60%, second best performing index weighted at 40%
Amount:	$1,005,000
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If weighted return is positive, par plus weighted basket gain; if weighted return is negative, investors will be fully exposed to the decline of weighted basket
Initial levels:	4,058.82 for Stoxx, 2,296.01 for EAFE, 1,260.89 for EM
Pricing date:	Sept. 28, 2021
Settlement date:	Oct. 1, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057JMK9

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