New Issue: GS Finance prices $920,000 buffered index-linked notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Aug. 4 – GS Finance Corp. priced $920,000 of 0% buffered index-linked notes due March 13, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the index return, subject to a maximum payout of $1,305 per $1,000 principal amount of notes. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that the index declines beyond 10%.

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:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$920,000
Maturity:	March 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus index return, subject to maximum payout of $1,305 per $1,000 principal amount of notes; par if index declines by up to 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,006.18
Buffer level:	90% of initial level
Pricing date:	Sept. 8, 2022
Settlement date:	Sept. 13, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057N5Q6

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