New Issue: GS Finance sells $589,000 autocallable index-linked notes on S&P 500

Chicago, April 24 – GS Finance Corp. priced $589,000 of 0% autocallable index-linked notes due June 1, 2027 tied to 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.

The notes will be called at par plus a 7.5% call premium if the index closes at or above its initial level on May 23, 2023.

If the notes are not called, the payout at maturity will be par plus 1.25 times the index return if the index finishes at or above its initial level.

If the index declines by up to 25%, the payout will be par; otherwise, investors will be exposed to the decline of the index beyond the 25% buffer.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500 index
Amount:	$589,000
Maturity:	June 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 1.25 times the index return; if the index declines by up to 25%, par; otherwise, 1% loss for each 1% decline of the index beyond the buffer
Call:	At par plus a 7.5% call premium if index closes at or above initial level on May 23, 2023
Initial level:	3,973.75
Buffer level:	75% of initial level
Pricing date:	May 23, 2022
Settlement date:	May 26, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.75%
Cusip:	40057M3S6

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