New Issue: GS Finance sells $391,000 autocallable buffered index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, April 26 – GS Finance Corp. priced $391,000 of 0% autocallable buffered index-linked notes due Dec. 27, 2024 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.

The notes will be called at par plus a 10.5% call premium if the index closes at or above its initial level on Dec. 26, 2023.

If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.5 times the index gain.

If the index falls by up to 15%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$391,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 1.5 times the index return; if the index falls by up to 15%, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline beyond 15%
Call:	At par plus 10.5% call premium if index closes at or above initial level on Dec. 26, 2023
Initial level:	3,822.39
Buffer level:	85% of initial level
Pricing date:	Dec. 22, 2022
Settlement date:	Dec. 28, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1%
Cusip:	40057P5W8

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