New Issue: GS Finance sells $974,000 index-linked notes on three indexes

Chicago, May 19 – GS Finance Corp. priced $974,000 of 0% index-linked notes due Oct. 29, 2026 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1125 times the lesser performing index return if all three indexes close above their initial levels.

If the worst performer finishes at or above 85% of its initial level, the payout will be par plus the absolute value of the lesser performing index.

If any index falls by more than 15%, investors will be exposed to any losses of the least-performing index beyond the 15% buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

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 index, Nasdaq-100 index, Russell 2000 index
Amount:	$974,000
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1125 times lesser performing index return if all index return if all indexes finish positive; par plus absolute value of lesser performing index if worst performer declines but finishes above buffer level; otherwise exposure to losses of worst performer beyond buffer
Initial index levels:	4,574.79 for S&P, 2,296.075 for Russell and 15,559.49 for Nasdaq
Buffer levels:	85% of initial levels
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	3.3%
Cusip:	40057JR24

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