New Issue: GS Finance sells $1.12 million index-linked notes on Russell, S&P

Chicago, Nov. 27 – GS Finance Corp. priced $1.12 million of 0% index-linked notes due Oct. 24, 2024 linked to the least performing of the Russell 2000 index and 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 return of each index is zero or positive, the payout at maturity will be par plus the return of the laggard index, capped at par plus 24.2%.

Otherwise, investors will be fully exposed to any losses of the worst performing index with a minimum payout of $950 per $1,000 note.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,122,000
Maturity:	Oct. 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of the laggard index, capped at par plus 24.2%; otherwise, investors will be fully exposed to the decline of the worst performing index up to a maximum loss of 5%
Initial levels:	1,742.238 for Russell, 3,752.75 for S&P
Pricing date:	Oct. 21, 2022
Settlement date:	Oct. 26, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	2.55%
Cusip:	40057NFT9

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