New Issue: GS Finance prices $2.62 million notes linked to basket of 43 stocks

By Angela McDaniels

Tacoma, Wash., Oct. 26 – GS Finance Corp. priced $2.62 million of 0% basket-linked notes due Nov. 5, 2024 linked to a basket of 43 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Abiomed, Inc. (3.35% weight), Activision Blizzard, Inc. (2.85% weight), Align Technology, Inc. (3.35% weight), A.O. Smith Corp. (2.00% weight), Arista Networks, Inc. (6.98% weight), Atmos Energy Corp. (0.63% weight), BorgWarner Inc. (3.04% weight), Cincinnati Financial Corp. (2.78% weight), Copart, Inc. (2.00% weight), Costco Wholesale Corp. (1.45% weight), D.R. Horton, Inc. (3.04% weight), EOG Resources, Inc. (0.64% weight), Everest Re Group, Ltd. (2.78% weight), Evergy, Inc. (0.63% weight), Expeditors International of Washington, Inc. (2.00% weight), Fortinet, Inc. (6.98% weight), Fox Corp. (2.85% weight), Freeport-McMoRan Inc. (0.63% weight), Garmin Ltd. (3.04% weight), Helmerich & Payne, Inc. (0.64% weight), Hormel Foods Corp. (1.45% weight), Incyte Corp. (3.35% weight), Intuitive Surgical, Inc. (3.35% weight), Jack Henry & Associates, Inc. (6.98% weight), Lennar Corp. (3.04% weight), Newmont Corp. (0.63% weight), News Corp. (2.85% weight), NOV Inc. (0.64% weight), Nu Skin Enterprises, Inc. (1.45% weight), Nucor Corp. (0.63% weight), Old Dominion Freight Line, Inc. (2.00% weight), Pilgrim's Pride Corp. (1.45% weight), Pinnacle West Capital Corp. (0.63% weight), Prologis, Inc. (1.32% weight), Public Storage (0.66% weight), Regency Centers Corp. (0.66% weight), Skyworks Solutions, Inc. (6.98% weight), SVB Financial Group (2.78% weight), Mosaic Co. (0.63% weight), Valero Energy Corp. (0.64% weight), Warner Bros. Discovery, Inc. (2.85% weight), WEC Energy Group, Inc. (0.63% weight) and Western Alliance BanCorp. (2.78% weight).

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum return of 28%. If the basket declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 20%.

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:	Basket-linked notes
Underlying stocks:	Abiomed, Inc. (3.35% weight), Activision Blizzard, Inc. (2.85% weight), Align Technology, Inc. (3.35% weight), A.O. Smith Corp. (2.00% weight), Arista Networks, Inc. (6.98% weight), Atmos Energy Corp. (0.63% weight), BorgWarner Inc. (3.04% weight), Cincinnati Financial Corp. (2.78% weight), Copart, Inc. (2.00% weight), Costco Wholesale Corp. (1.45% weight), D.R. Horton, Inc. (3.04% weight), EOG Resources, Inc. (0.64% weight), Everest Re Group, Ltd (2.78% weight), Evergy, Inc. (0.63% weight), Expeditors International of Washington, Inc. (2.00% weight), Fortinet, Inc. (6.98% weight), Fox Corp. (2.85% weight), Freeport-McMoRan Inc. (0.63% weight), Garmin Ltd (3.04% weight), Helmerich & Payne, Inc. (0.64% weight), Hormel Foods Corp. (1.45% weight), Incyte Corp. (3.35% weight), Intuitive Surgical, Inc. (3.35% weight), Jack Henry & Associates, Inc. (6.98% weight), Lennar Corp. (3.04% weight), Newmont Corp. (0.63% weight), News Corp. (2.85% weight), NOV Inc. (0.64% weight), Nu Skin Enterprises, Inc. (1.45% weight), Nucor Corp. (0.63% weight), Old Dominion Freight Line, Inc. (2.00% weight), Pilgrim's Pride Corp. (1.45% weight), Pinnacle West Capital Corp. (0.63% weight), Prologis, Inc. (1.32% weight), Public Storage (0.66% weight), Regency Centers Corp. (0.66% weight), Skyworks Solutions, Inc. (6.98% weight), SVB Financial Group (2.78% weight), Mosaic Co. (0.63% weight), Valero Energy Corp. (0.64% weight), Warner Bros. Discovery, Inc. (2.85% weight), WEC Energy Group, Inc. (0.63% weight) and Western Alliance BanCorp. (2.78% weight)
Amount:	$2,616,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus basket return, subject to maximum return of 28%; if basket declines by 20% or less, par; otherwise, 1% loss for every 1% that basket declines beyond 20%
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057NJT5

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