New Issue: GS Finance sells $640,000 underlier-linked notes on indexes, ETF

Chicago, April 14 – GS Finance Corp. priced $640,000 of 0% underlier-linked notes due Dec. 8, 2026 linked to the Russell 2000 index, the Nasdaq-100 index and the iShares MSCI EAFE ETF, 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 underlier is flat or positive, the payout at maturity will be par plus 1.302 times the return of the worst-performing asset.

If the return of any underlier is negative but greater than or equal to negative 20%, the payout will be par.

If the worst-performing underlier falls by more than 20%, investors will be exposed to the decline of the worst performer beyond the 20% buffer.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	Russell 2000 index, Nasdaq-100 index and iShares MSCI EAFE ETF
Amount:	$640,000
Maturity:	Dec. 8, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is flat or positive, par plus 1.302 times return of worst-performing asset; if the return of any underlier is negative but greater than or equal to negative 20%, par; if any underlier falls by more than 20%, exposure to decline of the worst performer beyond 20% buffer
Initial levels:	15,712.04 for Nasdaq, 2,159.31 for Russell, $77.03 for fund
Buffer levels:	80% of initial levels
Pricing date:	Dec. 3, 2021
Settlement date:	Dec. 8, 2021
Underwriter:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057KE58

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