New Issue: GS Finance prices $520,000 index-linked notes tied to S&P 500

Chicago, Aug. 16 – GS Finance Corp. priced $520,000 of 0% index-linked notes due July 25, 2024 linked to the performance of 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 finishes above its initial level, the payout at maturity will be par plus the return capped at par plus 12.4%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$520,000
Maturity:	July 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return capped at par plus 12.4% if index return is positive; otherwise, par
Initial level:	3,998.95
Pricing date:	July 21, 2022
Settlement date:	July 28, 2022
Agents:	Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	40057MPB9

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