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Published on 6/7/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.34 million basket-linked notes on equally weighted index basket

By William Gullotti

Buffalo, N.Y., June 7 – GS Finance Corp. priced $2.34 million of 0% notes due June 5, 2024 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 9.5%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Basket-linked notes
Underlying indexes:Russell 2000 index, Dow Jones industrial average, S&P 500 index; equal weights
Amount:$2,339,000
Maturity:June 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If the basket finishes positive, par plus the basket return capped at 9.5%; otherwise, investors will receive par
Initial levels:1,864.043 for Russell, 32,990.12 for Dow, 4,132.15 for S&P
Pricing date:May 31
Settlement date:June 3
Agent:Goldman Sachs & Co. LLC
Fees:1.75%
Cusip:40057MBW8

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