New Issue: GS Finance prices $975,000 index-linked notes on S&P 500

Chicago, Aug. 21 – GS Finance Corp. priced $975,000 of 0% notes due Aug. 10, 2027 linked 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.

The payout at maturity will be par plus any index gain.

If the index declines but not more than 46%, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$975,000
Maturity:	Aug. 10, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain; par if index declines but not more than barrier; otherwise, full exposure to losses of index
Initial index level:	4,145.19
Barrier level:	54% of initial level
Pricing date:	Aug. 5, 2022
Settlement date:	Aug. 10, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057MTW9

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