New Issue: GS Finance prices $500,000 buffered digital notes on S&P 500

Chicago, Nov. 6 – GS Finance Corp. priced $500,000 of 0% buffered digital index-linked notes due Oct. 23, 2025 linked to 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 index gains or declines but not more than 20%, the payout will be par plus 31.25%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Oct. 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to initial level or if index declines but not more than buffer level, par plus 31.25%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:	3,695.16
Buffer value:	80% of initial level
Pricing date:	Oct. 19, 2022
Settlement date:	Oct. 24, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057NP50

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