New Issue: GS Finance prices $465,000 index-linked notes on S&P 500

Chicago, May 25 – GS Finance Corp. priced $465,000 of 0% notes due July 5, 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 12.5%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$465,000
Maturity:	July 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain, capped at 12.5%; otherwise, par
Initial index level:	3,785.38
Pricing date:	June 30, 2022
Settlement date:	July 6, 2022
Agents:	Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	40057MJA8

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