New Issue: GS Finance sells $190,000 buffered digital index-linked notes on Russell 2000

Chicago, April 26 – GS Finance Corp. priced $190,000 of 0% buffered digital notes due May 30, 2025 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to 85% of the initial level, the payout at maturity will be the maximum settlement amount, $ $1,220 per $1,000 principal amount of notes.

If the final index level is less than the initial level by more than 15%, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	Russell 2000
Amount:	$190,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% of initial level, $1,220 per $1,000 of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,799.164
Buffer level:	85% of initial level
Pricing date:	May 25, 2022
Settlement date:	May 31, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	2.8%
Cusip:	40057LWV9

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