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Published on 10/20/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $19.03 million market-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – GS Finance Corp. priced $19.03 million of 0% market-linked notes due Oct. 19, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par of $10 plus 1.1 times the gain, capped at par plus 75%. Otherwise, the payout will be par.

Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Market-linked notes
Underlying index:S&P 500
Amount:$19.03 million
Maturity:Oct. 19, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.1 times index return, capped at par plus 75%; otherwise, par
Initial index level:3,583.07
Pricing date:Oct. 14
Settlement date:Oct. 19
Underwriter:Goldman, Sachs & Co. LLC
Dealer:UBS Financial Services Inc.
Fees:3.5%
Cusip:40057NJA6

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