New Issue: GS Finance prices $290,000 index-linked notes on S&P 500

Chicago, May 12 – GS Finance Corp. priced $290,000 of 0% notes due June 21, 2024 linked 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.

If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at 21.25%.

Otherwise, investors will be fully exposed to the decline, subject to a minimum payout of $900 per $1,000 note.

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:	$290,000
Maturity:	June 21, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain, capped at the 21.25%; full exposure to any index decline, subject to a minimum payout of $900 per $1,000 note
Initial index level:	3,674.84
Pricing date:	June 17, 2022
Settlement date:	June 23, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057MEC9

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