New Issue: GS Finance prices $736,300 PLUS linked to Russell 2000

Chicago, Oct. 18 – GS Finance Corp. priced $736,300 of 0% PLUS due Feb. 5, 2024 linked to the Russell 2000 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 300% of the index return subject to a maximum return of par plus 28.75%. Investors will lose 1% for every 1% that it declines.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	PLUS
Underlying index:	Russell 2000 index
Amount:	$736,300
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index return is positive, par plus 300% of index return subject to a maximum return of par plus 28.75%; 1% loss for every 1% that index declines
Initial level:	1,682.403
Upside leverage:	300%
Cap:	28.75%
Pricing date:	Oct. 14, 2022
Settlement date:	Oct. 19, 2022
Agent:	Goldman Sachs & Co. LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	36264Q784

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