New Issue: GS Finance sells $55,000 callable contingent coupon notes on S&P, Russell

Chicago, April 25 – GS Finance Corp. priced $55,000 of callable contingent coupon index-linked notes due June 1, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each month, the notes pay a contingent coupon at an annual rate of 5.6% if each index closes at or above its coupon barrier, 80% of its initial level, on the related observation date.

The notes are callable at par on any monthly observation date starting after one year.

If the notes are not called, they will be redeemed at par plus any coupon due at maturity.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon index-linked notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$55,000
Maturity:	June 1, 2027
Coupon:	5.6% annual rate, payable each month that each index closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par
Call option:	At par on any monthly observation date starting after one year
Initial levels:	3,978.73 for S&P, 1,799.164 for Russell
Coupon barrier levels:	80% of initial levels
Pricing date:	May 25, 2022
Settlement date:	May 31, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057M3U1

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