New Issue: GS Finance sells $1.55 million index-linked notes on Russell, S&P

Chicago, May 26 – GS Finance Corp. priced $1.55 million of 0% index-linked notes due Nov. 2, 2023 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus the return of the lesser performing index, capped at $1,250 per $1,000 note.

If the lesser performing index falls by up to 25%, the payout will be par plus the absolute value of the lesser performer.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$1,546,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus return of lesser performing index, capped at par plus 25%; if lesser performing index falls by up to 25%, par plus absolute value of lesser performer; otherwise, 1% loss for every 1% decline of lesser performing index from initial level
Initial index levels:	2,297.191 for Russell, 4,605.38 for S&P
Buffer level:	75% of initial index levels
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1.05%
Cusip:	40057JQD1

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