New Issue: GS Finance prices $33,000 leveraged buffered notes linked to Nasdaq, Russell, S&P

By Angela McDaniels

Tacoma, Wash., May 1 – GS Finance Corp. priced $33,000 of 0% index-linked notes due June 5, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is positive, the payout at maturity will be par plus 1.28 times the return of the least-performing index. Investors will receive par if the least-performing index declines by up to 15%. Otherwise, investors will lose 1% for every 1% that the least-performing index declines beyond 15%.

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:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$33,000
Maturity:	June 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is positive, par plus 1.28 times return of least-performing index; par if least-performing index declines by up to 15%; otherwise, 1% loss for every 1% that least-performing index declines beyond 15%
Initial levels:	12,642.10 for Nasdaq, 1,864.043 for Russell and 4,132.15 for S&P
Buffer levels:	85% of initial levels
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.6%
Cusip:	40057M2E8

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