New Issue: GS Finance sells $865,000 autocallable index-linked notes on Stoxx

By Kiku Steinfeld

Chicago, Aug. 26 – GS Finance Corp. priced $865,000 of 0% autocallable index-linked notes due Jan. 26, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be called at par plus 7.7% if the index closes at or above initial level on any biannual date after one year.

If the notes are not called, the payout at maturity will be $1,385 if the index finishes at or above its initial level.

If the index return is negative but not less than negative 20%, the payout will be par; otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$865,000
Maturity:	Jan. 26, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, $1,385; if the index return is negative but not less than negative 20%, par; otherwise, full exposure to the losses of the index
Call:	At par plus 7.7% if index closes at or above initial level on any biannual date after one year
Initial level:	4,268.28
Barrier level:	80% of initial level
Pricing date:	Jan. 19, 2022
Settlement date:	Jan. 24, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057KTF0

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