New Issue: GS Finance sells $440,000 leveraged index-linked notes on S&P 500

Chicago, Oct. 16 – GS Finance Corp. priced $440,000 of 0% leveraged index-linked notes due Oct. 7, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 137% of the index return.

The payout will be par if the index declines but not more than 30%.

Otherwise, investors will be fully exposed to the losses of the index.

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:	Leveraged index-linked notes
Underlying index:	S&P 500 index
Amount:	$440,000
Maturity:	Oct. 7, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 137% of the index return; par if index declines but not beyond barrier; otherwise, full exposure to losses of index
Initial index level:	3,790.93
Barrier level:	70% of initial level
Pricing date:	Oct. 4, 2022
Settlement date:	Oct. 7, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	40057NJV0

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