New Issue: GS Finance prices $573,000 notes linked to Russell, Dow, S&P

By Angela McDaniels

Tacoma, Wash., July 6 – GS Finance Corp. priced $573,000 of 0% index-linked notes due July 31, 2025 linked to the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is greater than or equal to zero, the payout at maturity will be par plus 1.4 times the least performing index’s return.

If the return of any index is less than zero but the return of each index is greater than or equal to negative 5%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 5%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and S&P 500 index
Amount:	$573,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is greater than or equal to zero, par plus 1.4 times least performing index’s return; if return of any index is less than zero but return of each index is greater than or equal to negative 5%, par; otherwise, 1% loss for every 1% that the performing index declines beyond 5%
Initial levels:	1,873.027for Russell, 32,529.63 for Dow and 4,072.43 for S&P
Buffer levels:	95% of initial levels
Pricing date:	July 28, 2022
Settlement date:	Aug. 2, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.2%
Cusip:	40057MKM0

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