New Issue: GS Finance sells $680,000 digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 12 – GS Finance Corp. priced $680,000 of 0% digital index-linked notes due Sept. 30, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than or equal to negative 15%, the payout will be par plus 20.5%.

If the index return is less than negative 15%, investors will lose 1% for every 1% index decline beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$680,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 15%, par plus 20.5%; otherwise, 1% loss for every 1% index decline beyond 15%
Initial index level:	3,298.46
Final level:	Average of index closing levels on each of five trading days ending March 25, 2022
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3.83%
Cusip:	40057CT92

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