New Issue: GS Finance sells $643,000 leveraged equity-linked notes on Amazon

Chicago, Dec. 4 – GS Finance Corp. priced $643,000 of 0% leveraged equity-linked notes due May 1, 2024 tied to the stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 2 times the stock return, subject to a maximum payout of par plus 43.25%.

If the stock finishes flat or declines by up to 37%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the stock from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Issue:	Leveraged equity-linked notes
Underlying stock:	Amazon.com, Inc.
Amount:	$643,000
Maturity:	May 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock return is positive, par plus 2 times the stock return, capped par plus at 43.25%; if the stock is flat or declines by up to 37%, par; otherwise, investors will be fully exposed to the decline of the stock from its initial level
Initial level:	$110.96
Trigger level:	63% of initial level
Pricing date:	Oct. 27, 2022
Settlement date:	Nov. 1, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.6%
Cusip:	40057NQW0

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