New Issue: GS Finance prices $326,000 index-linked notes tied to S&P 500

Chicago, Sept. 21 – GS Finance Corp. priced $326,000 of 0% index-linked notes due Sept. 18, 2025 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus the return of the index, capped at 25.4%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$326,000
Maturity:	Sept. 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if return is positive, capped at 25.4%; otherwise, par
Initial level:	3,901.35
Pricing date:	Sept. 15, 2022
Settlement date:	Sept. 20, 2022
Agents:	Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	40057N5G8

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