New Issue: GS Finance sells $3.38 million underlier-linked notes on S&P, ARK Innovation

Chicago, Dec. 6 – GS Finance Corp. priced $3.38 million of 0% underlier-linked notes due April 2, 2026 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each underlier finishes at or above its initial value, the payout at maturity will be par plus two times the return of the lesser-performing underlier.

If any underlier falls but no underlier falls by more than 50%, the payout will be par.

Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines from its initial value.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Nasdaq-100 index, S&P 500 index, ARK Innovation ETF
Amount:	$3,384,000
Maturity:	April 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any gain in lesser-performing underlier; par if any underlier falls but no underlier falls by more than 50%; 1% loss for every 1% decline in lesser-performing underlier from initial value
Initial values:	$111.17 for ETF, 12,965.74 for Nasdaq, 3,971.09 for S&P
Barrier level:	50% of initial levels
Pricing date:	March 29
Settlement date:	April 1
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.375%
Cusip:	40057FUF9

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