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Published on 10/18/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $10.62 million index-linked notes on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Oct. 18 – GS Finance Corp. priced $10.62 million of 0% index-linked notes due Sept. 21, 2027 tied to the Nasdaq-100 index, 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 each index finishes at or above its initial level, the payout at maturity will be par plus 1.675 times the least performing index return.

If any index falls by up to the 30% barrier, the payout will be par.

If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.

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, Russell 2000 index, Nasdaq-100 index
Amount:$10.62 million
Maturity:Sept. 21, 2027
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus 1.675 times the least performing index return; if any index falls by up to 30%, par; if any index falls by more than 30%, full exposure to the decline of the least performing index
Initial index levels:3,873.33 for S&P, 1,798.189 for Russell, 11,861.38 for Nasdaq
Barrier levels:70% of initial levels
Pricing date:Sept. 16
Settlement date:Sept. 21
Agent:Goldman Sachs & Co. LLC
Fees:0.51%
Cusip:40057N4W4

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