New Issue: GS Finance prices $8.53 million contingent income callables on Russell, S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – GS Finance Corp. priced $8.53 million of contingent income callable securities due Oct. 17, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 14.5% if each index closes at or above its coupon barrier level, 75% of its initial index level, on each day during the observation period.

The issuer may call the notes at par plus any coupon due on any quarterly determination date.

If each index finishes at or above its 75% downside threshold level, the payout at maturity will be par plus a final contingent coupon. If the final level of any index is less than its downside threshold level, investors will be fully exposed to the decline of the least-performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Contingent income callable securities
Underlying indexes:	Nasdaq-100, Russell 2000, S&P 500
Amount:	$8,526,000
Maturity:	Oct. 17, 2024
Coupon:	14.5% per year, payable quarterly if each index closes at or above coupon barrier on every trading day during the observation period
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par plus final coupon; if final level of any index is less than downside threshold level, full exposure to decline of lowest-performing index
Call option:	At par plus any coupon due on any quarterly determination date
Initial levels:	10,692.06 for Nasdaq, 3,583.07 for S&P, 1,682.403 for Russell
Coupon barriers:	8,019.045 for Nasdaq, 2,687.3025 for S&P, 1,261.80225 for Russell; 75% of initial levels
Downside threshold:	8,019.045 for Nasdaq, 2,687.3025 for S&P, 1,261.80225 for Russell; 75% of initial levels
Pricing date:	Oct. 14
Settlement date:	Oct. 19
Agent:	Goldman Sachs & Co. LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.1875%
Cusip:	40057NM53

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