New Issue: GS Finance prices $500,000 leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 4 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due Sept. 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 22.4%.

If the final index level is less than or equal to the initial index level but greater than or equal to the 80% buffer level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

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:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Sept. 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 22.4%; if final index level is less than or equal to initial index level but greater than or equal to the 80% buffer level, par; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	3,693.23
Buffer level:	80% of initial level
Pricing date:	Sept. 23, 2022
Settlement date:	Sept. 30, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40057NDA2

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