New Issue: GS Finance sells $794,000 index-linked notes on Dow, S&P, Nasdaq

Chicago, Dec. 11 – GS Finance Corp. priced $794,000 of 0% index-linked notes due Oct. 31, 2025 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the least performing index gains or falls by up to 30%, the payout will be the greater of the threshold settlement amount of $1,252.50 and par plus the return of the worst performer.

Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index, Nasdaq-100 index
Amount:	$794,000
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If least performing index gains or falls by up to 30%, greater of the threshold settlement amount of $1,205 and par plus worst performing index return; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	32,861.80 for Dow, 3,901.06 for S&P, 11,546.21 for Nasdaq
Trigger buffer levels:	70% of initial levels
Pricing date:	Oct. 28, 2022
Settlement date:	Nov. 2, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057NKB2

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