New Issue: GS Finance prices $562,000 11.5% autocallable fixed coupon notes linked to FedEx

By Angela McDaniels

Tacoma, Wash., Aug. 17 – GS Finance Corp. priced $562,000 of 11.5% autocallable fixed coupon equity-linked notes due Oct. 9, 2023 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Beginning March 2, 2023, the notes will be automatically called at par if the stock closes at or above the initial share price on any monthly call observation date.

If the notes are not called and the final share price is greater than or equal to 72% of the initial share price, the payout will be par. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial share price.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable fixed coupon equity-linked notes
Underlying indexes:	FedEx Corp.
Amount:	$562,000
Maturity:	Oct. 9, 2023
Coupon:	11.5%, payable monthly
Price:	Par
Call:	Beginning March 2, 2023, automatically at par if stock closes at or above initial share price on any monthly call observation date
Payout at maturity:	If final share price is greater than or equal to trigger buffer price, par; otherwise, 1% loss for every 1% that stock declines from initial share price
Initial share price:	$209.07
Trigger buffer price:	72% of initial share price
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.15%
Cusip:	40057N5F0

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