New Issue: GS Finance prices $1.09 million index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, April 18 – GS Finance Corp. priced $1.09 million of 0% index-linked notes due Oct. 1, 2026 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 1.175 times the return of the lesser performing index.

If the least performing index falls by up to 35%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

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:	$1,091,000
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.175 times the return of the lesser performing index; if any index falls but the final underlier level of each is greater than or equal to the 65% trigger buffer level, par; if any index falls by more than 35%, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	4,443.11 for S&P, 2,281.003 for Russell
Trigger buffer levels:	65% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	3.3%
Cusip:	40057JGW0

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