New Issue: GS Finance sells $697,000 index-linked notes on Dow, Russell, Nasdaq

Chicago, May 31 – GS Finance Corp. priced $697,000 of 0% index-linked notes due Nov. 17, 2026 tied to the lesser performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 1.67 times the return of the least performing index.

If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.

If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its 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:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
Amount:	$697,000
Maturity:	Nov. 17, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.67 times any gain of the least performing index; if worst performer finishes at or above 70% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
Initial index levels:	16,199.88 for Nasdaq, 36,100.31 for Dow, 2,411.776 for Russell
Trigger buffer levels:	70% of initial levels
Pricing date:	Nov. 12, 2021
Settlement date:	Nov. 17, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	0.53%
Cusip:	40057K3J0

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