New Issue: GS Finance prices $905,000 buffered digital notes on iShares MSCI KLD 400 Social ETF

By Kiku Steinfeld

Chicago, Nov. 23 – GS Finance Corp. priced $905,000 of 0% buffered digital ETF-linked notes due March 31, 2023 linked to the iShares MSCI KLD 400 Social ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus the return of the ETF plus a 26.15% buffer, capped at par plus 5.15%.

Investors will be exposed to at least some loss if the return of the ETF is less than 73.85% of its initial level.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital ETF-linked notes
Underlying ETF:	iShares MSCI KLD 400 Social ETF
Amount:	$905,000
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of ETF plus 26.15% buffer, capped at par plus 5.15%; investors will lose at least some of their investment if the final value is below 73.85% of its initial level
Initial ETF level:	$86.44
Threshold value:	79% of initial level
Buffer:	26.15%
Pricing date:	March 22, 2022
Settlement date:	March 25, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	40057LLR0

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