New Issue: GS prices $490,000 leveraged buffered notes linked to EAFE ETF, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., April 27 – GS Finance Corp. priced $490,000 of 0% underlier-linked notes due Dec. 5, 2024 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each underlying asset is positive, the payout at maturity will be par plus 1.5 times the return of the lesser-performing asset. Investors will receive par if the lesser-performing asset declines by up to 15% and will lose 1% for every 1% that it declines beyond 15%.

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:	Underlier-linked notes
Underlying assets:	iShares MSCI EAFE ETF and the Euro Stoxx 50 index
Amount:	$490,000
Maturity:	Dec. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each underlying asset is positive, par plus 1.5 times return of lesser-performing asset; par if lesser-performing asset declines by up to 15%; 1% loss for every 1% that lesser-performing asset declines beyond 15%
Initial levels:	$70.01 for ETF and 3,789.21 for index
Buffer levels:	85% of initial levels
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.25%
Cusip:	40057LVQ1

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