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Published on 5/4/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $6.29 million leveraged buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 4 – GS Finance Corp. priced $6.29 million of 0% leveraged buffered index-linked notes due April 25, 2024 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 positive, investors will receive par plus 1.25 times the index gain, capped at $1,170 per $1,000 of notes.

If the index return is flat or falls by up to 20%, investors will receive par. Investors will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:S&P 500 index
Amount:$6,291,000
Maturity:April 25, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times the index gain, capped at $1,170 per $1,000 of notes; if index return is flat or falls by up to 20%, par; 1% loss for every 1% decline beyond 20%
Initial index level:4,271.78
Buffer level:80% of initial level
Pricing date:April 22
Settlement date:April 27
Agent:Goldman Sachs & Co. LLC
Fees:0.8%
Cusip:40057LS36

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