New Issue: GS Finance prices $500,000 index-linked notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 4 – GS Finance Corp. priced $500,000 of 0% index-linked notes due Sept. 26, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is greater than zero, the payout at maturity will be par plus the return of the lesser-performing index, subject to a maximum settlement amount of $1,262.50 per $1,000 principal amount of notes.

If the return of either index is less than or equal to zero, investors will be exposed to the loss of the lesser-performing index, subject to a minimum settlement amount of $950 per $1,000 principal amount of notes.

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:	S&P 500 index and Russell 2000 index
Amount:	$500,000
Maturity:	Sept. 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is greater than zero, par plus return of lesser-performing index, subject to cap of 26.25%; if return of either index is less than or equal to zero, 1% loss for every 1% that the lesser-performing index declines, subject to minimum payout of 95% of par
Initial levels:	3,693.23 for S&P and 1,679.59 for Russell
Pricing date:	Sept. 23, 2022
Settlement date:	Sept. 28, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.8%
Cusip:	40057N7H4

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