New Issue: GS Finance sells $1.41 million index-linked notes on three indexes

Chicago, May 20 – GS Finance Corp. priced $1.41 million of 0% index-linked notes due Oct. 30, 2026 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout will be par plus 1.25 times the return of the worst performer.

If the worst performer declines but finishes at or above 80% of its initial level, the payout will be par.

If any index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond the buffer 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:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$1,410,000
Maturity:	Oct. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not called and each index finishes at or above its initial level, par plus return of worst performer; if worst performer finishes above buffer level, par; otherwise, investors will be exposed to the decline of the worst performing index beyond the buffer
Initial index levels:	4,551.68 for S&P, 15,598.39 for Nasdaq, 2,252.491 for Russell
Buffer levels:	80% of initial levels
Pricing date:	Oct. 27, 2021
Settlement date:	Nov. 1, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057JVB9

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