New Issue: GS Finance sells $200,000 buffered digital index-linked notes on S&P 500

Chicago, May 25 – GS Finance Corp. priced $200,000 of 0% buffered digital notes due July 3, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to 80% of the initial level, the payout at maturity will be the maximum settlement amount, $1,200 per $1,000 principal amount of notes.

If the final index level is less than the initial level by more than 20%, investors will lose 1% for every 1% that the index declines beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$200,000
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% of initial level, $1,200 per $1,000 of notes; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial index level:	3,785.38
Buffer level:	80% of initial level
Pricing date:	June 30, 2022
Settlement date:	July 6, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057MCT4

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