New Issue: GS Finance prices $500,000 digital index-linked notes on S&P 500

Chicago, Oct. 12 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due June 14, 2024 linked to 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 final index level is greater than or equal to 80% of the initial level, the payout at maturity will be $1,211 for each $1,000 note.

If the index declines by more than 20%, investors will lose approximately 1% for every 1% that the final index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	June 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier level, $1,211 for each $1,000 note; otherwise, investors will lose approximately 1% for every 1% that the final index declines from initial level
Initial index level:	3,585.62
Barrier level:	80% of initial level
Pricing date:	Sept. 30, 2022
Settlement date:	Oct. 7, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	1.25%
Cusip:	40057NDV6

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