New Issue: GS Finance sells $568,000 index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, March 8 – GS Finance Corp. priced $568,000 of 0% index-linked notes due Nov. 29, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of the index is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payout of par plus 20%.

Otherwise, investors will lose 1% for every 1% decline of the index from its initial level, subject to a minimum payment of 95% of par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$568,000
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 1.5 times index return capped at 20%; otherwise, investors will lose 1% for every 1% decline of the index from its initial level, subject to a minimum payment of 95% of par
Initial level:	4,530.41
Pricing date:	Nov. 23, 2022
Settlement date:	Nov. 29, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057NZF7

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