New Issue: GS Finance prices $1.26 million leveraged basket-linked notes

Chicago, May 16 – GS Finance Corp. priced $1.26 million of 0% leveraged notes due Oct. 14, 2026 linked to an unequally weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 35% weight, the Russell 2000 index with a 35% weight, the MSCI EAFE index with a 20% weight and the MSCI Emerging Markets index with a 10% weight.

The payout at maturity will be par plus 1.005 times the basket gain.

If the basket declines but finishes above 65% of its initial level, the payout will be par.

Otherwise, investors will lose 1% for every 1% of decline from the initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged basket-linked notes
Underlying basket:	S&P 500 index (50%), Russell 2000 index (35%), MSCI EAFE index (20%) and MSCI Emerging Markets index (10%)
Amount:	$1,260,000
Maturity:	Oct. 14, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.005 times basket gain; par if basket declines, but not beyond barrier; otherwise, 1% loss for every 1% of basket decline from initial level
Initial levels:	4,391.34 for S&P, 2,233.089 for Russell, 2,269.79 for EAFE, 1,257.04 for EM
Barrier level:	65% of initial level
Pricing date:	Oct. 8, 2021
Settlement date:	Oct. 14, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1.125%
Cusip:	40057JS49

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