New Issue: Goldman prices $560,000 leveraged basket-linked notes on index, ETFs

Chicago, Sept. 22 – GS Finance Corp. priced $560,000 of 0% leveraged notes due Sept. 21, 2027 linked to a basket containing one index and two ETFs, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Nasdaq-100 index, the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF. The basket will be weighted based on performance with the best returning asset weighted 40%, the next best 35% and the lowest 25%.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus 1.11 times the basket return.

Investors will receive par if the basket falls by up to 30% and will be exposed to any losses if the basket falls by more than 30%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged basket-linked notes
Underlying basket:	Nasdaq-100 index, iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF, weighted 40%, 35% and 25% based on best return to worst return
Amount:	$560,000
Maturity:	Sept. 21, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.11 times the basket return; par if basket falls by up to 30%; full exposure to losses if basket falls by more than 30%
Initial levels:	11,861.38 for Nasdaq, $37.79 for EM, $60.40 for EAFE
Barrier level:	70% of initial level
Pricing date:	Sept. 16, 2022
Settlement date:	Sept. 21, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	1.125%
Cusip:	40057NB30

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