New Issue: GS Finance sells $670,000 leveraged buffered notes on S&P 500 Value

Chicago, May 19 – GS Finance Corp. priced $670,000 of 0% leveraged buffered index-linked notes due July 31, 2024 tied to the S&P 500 Value 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 plus 200% of the index gain, capped at $1,180 per $1,000 of notes.

If the index finishes flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 Value index
Amount:	$670,000
Maturity:	July 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, capped at $1,180 per $1,000 note; if index finishes flat or falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond 10%
Initial index level:	1,515.70
Buffer level:	90% of initial level
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	3.13%
Cusip:	40057JRA6

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