New Issue: GS Finance prices $388,000 buffered index-linked notes on S&P 500

Chicago, Oct. 16 – GS Finance Corp. priced $388,000 of 0% buffered index-linked notes due Oct. 10, 2023 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.

If the index return is positive, the payout at maturity will be par plus the index return, capped at par plus 10.15%.

Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline in the index beyond 30%.

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:	$388,000
Maturity:	Oct. 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the index return, capped at par plus 10.15%; par if index falls by up to 30%; 1% loss for every 1% decline beyond 30%
Initial index level:	3,678.43
Buffer level:	70% of initial level
Pricing date:	Oct. 3, 2022
Settlement date:	Oct. 6, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057N6F9

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