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Published on 12/6/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.82 million contingent buffered market-linked notes tied to S&P

By William Gullotti

Buffalo, N.Y., Dec. 6 – GS Finance Corp. priced $1.82 million of 0% market-linked securities – contingent fixed return and fixed percentage buffered downside due June 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold, the payout at maturity will be par plus 12.8%.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.

The securities are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Market-linked securities – contingent fixed return and fixed percentage buffered downside
Underlying:S&P 500 index
Amount:$1,824,000
Maturity:June 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above threshold level, par plus 12.8%; otherwise, 1% loss for every 1% decline of index beyond 15%
Initial level:4,080.11
Threshold level:85% of initial level
Pricing date:Nov. 30
Settlement date:Dec. 5
Agent:Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:2.54%
Cusip:40057NVC8

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