New Issue: GS Finance prices $617,000 notes linked to Nasdaq, iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Aug. 17 – GS Finance Corp. priced $617,000 of 0% underlier-linked notes due Sept. 12, 2024 linked to the Nasdaq-100 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 1.9 times the return of the lesser performing asset. If the final level of either asset is less than its initial level, investors will lose 1% for every 1% that the lesser performing asset declines from its initial level.

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:	Underlier-linked notes
Underlying assets:	Nasdaq-100 index and iShares MSCI Emerging Markets ETF
Amount:	$617,000
Maturity:	Sept. 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset’s final level is greater than or equal to initial level, par plus 1.9 times return of lesser performing asset; if final level of either asset is less than initial level, 1% loss for every 1% that lesser performing asset declines from initial level
Initial levels:	12,588.29 for index and $39.00 for ETF
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057N3J4

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