New Issue: GS Finance prices $572,000 notes linked to iShares MSCI EAFE, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Nov. 16 – GS Finance Corp. priced $572,000 of 0% underlier-linked notes due May 5, 2025 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each asset is greater than or equal to zero, the payout at maturity will be par plus 1.54 times the lesser performing asset’s return. If the return of either asset is less than zero but the return of each asset is greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.

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:	Underlier-linked notes
Underlying assets:	iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:	$572,000
Maturity:	May 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each asset is greater than or equal to zero, par plus 1.54 times lesser performing asset’s return; if return of either asset is less than zero but return of each asset is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% that lesser performing index declines beyond 15%
Initial levels:	$59.31 for ETF and 3,617.54 for index
Buffer levels:	85% of initial level
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057NGF8

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