New Issue: GS Finance prices $600,000 leveraged basket-linked notes on bank stocks

Chicago, Dec. 11 – GS Finance Corp. priced $600,000 of 0% leveraged notes due Jan. 3, 2024 linked to an equally weighted stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Wells Fargo & Co., JPMorgan Chase & Co. and Morgan Stanley, each with a 33.33% weight.

The payout at maturity will be par plus three times the basket gain, capped at par plus 31.8%.

Otherwise, investors will lose 1% for every 1% of decline from the initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged basket-linked notes
Underlying basket:	Wells Fargo & Co., JPMorgan Chase & Co. and Morgan Stanley, equally weighted
Amount:	$600,000
Maturity:	Jan. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus three times basket gain, capped at par plus 31.8%; otherwise, 1% loss for every 1% of basket decline from initial level
Initial levels:	$45.65 for Wells, $124.60 for JPMorgan and $80.69 for Morgan Stanley
Pricing date:	Oct. 28, 2022
Settlement date:	Nov. 1, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	2.45%
Cusip:	40057NTG2

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