New Issue: GS Finance sells $946,000 autocallable index-linked notes on Russell

Chicago, May 1 – GS Finance Corp. priced $946,000 of 0% autocallable index-linked notes due June 11, 2027 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.

The notes will be called at par plus an 13% call premium if the index closes at or above its initial level on June 15, 2023.

If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 1.35 times the index return.

If the index declines by up to 20%, the payout will be par; otherwise, investors will be exposed to the decline of the index beyond the buffer.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	Russell 2000 index
Amount:	$946,000
Maturity:	June 11, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus 1.35 times index return; if the index declines by up to 20%, par; otherwise, exposure to the decline of the index beyond buffer
Call:	At par plus 13% call premium if the index closes at or above its initial level on June 15, 2023
Initial level:	1,891.007
Buffer level:	80% of initial level
Pricing date:	June 8, 2022
Settlement date:	June 13, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.45%
Cusip:	40057MDD8

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