New Issue: GS Finance prices $50,000 notes linked to Euro Stoxx, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., May 1 – GS Finance Corp. priced $50,000 of 0% underlier-linked notes due June 4, 2027 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each underlying asset is positive, the payout at maturity will be par plus 2.3 times the return of the lesser-performing asset. The payout will be par if the lesser-performing asset declines but finishes at or above its barrier level, 60% of its initial level. If the lesser-performing asset finishes below its barrier level, investors will be fully exposed to its decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying indexes:	Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:	$50,000
Maturity:	June 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each underlying asset is positive, par plus 2.3 times return of lesser-performing asset; par if lesser-performing asset declines but finishes at or above barrier level; if lesser-performing asset finishes below barrier level, exposure to its decline
Initial levels:	3,789.21 for index and $70.01 for ETF
Barrier levels:	60% of initial level
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057LXT3

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