New Issue: GS Finance sells $367,000 index-linked notes on Stoxx, S&P

Chicago, May 19 – GS Finance Corp. priced $367,000 of 0% index-linked notes due Oct. 29, 2026 tied to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout will be par plus 2.25 times the return of the lesser performing index, capped at par plus 25%.

If either index falls by up to 35%, the payout will be par plus the absolute value of the worse performing index.

Otherwise, investors will be fully exposed to the losses of the worst performer from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Euro Stoxx 50 index and S&P 500 index
Amount:	$367,000
Maturity:	Oct. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus gain of lesser performing index capped at par plus 25%; if either index falls by up to barrier level, par plus absolute value of return of worse performer; 1% loss for every 1% decline of lesser performing index from initial level
Initial index levels:	4,223.97 for Stoxx, 475.74 for Europe
Barrier levels:	65% of initial index levels
Pricing date:	Oct. 26, 2021
Settlement date:	Oct. 29, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057JNZ5

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