New Issue: GS Finance sells $1.41 million index-linked notes on S&P, Russell

By Kiku Steinfeld

Chicago, April 22 – GS Finance Corp. priced $1.41 million of 0% index-linked notes due July 2, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final level of each index is zero or positive, the payout at maturity will be par plus double the return of the lesser performing index, capped at 21%.

If either index falls but the return of each index is at least negative 15%, the payout will be par.

If either index falls by more than 15%, investors will be exposed to the decline of the lesser-performing index beyond 15%.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,409,000
Maturity:	July 2, 2024
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the final level of each index is zero or positive, par plus double the return of the lesser performing index, capped at 21%; if either index falls but the return of each index is at least negative 15%, par; if either index falls by more than 15%, investors will be exposed to the decline of the worse performing index beyond 15%
Initial index levels:	4,443.11 for S&P, 2,281.003 for Russell
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	2.88%
Cusip:	40057JEC6

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