New Issue: GS Finance prices $1.94 million autocallable buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 15 – GS Finance Corp. priced $1.94 million of 0% autocallable buffered index-linked notes due Nov. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 12.5% if the index closes at or above its initial level on Nov. 7, 2023.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return. If the index return is negative but not below negative 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 30%.

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:	Autocallable buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,944,000
Maturity:	Nov. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.25 times index return; if index return is negative but not below negative 30%, par; otherwise, 1% loss for every 1% that index declines beyond 30%
Call:	Automatically at par plus 12.5% index closes at or above initial level on Nov. 7, 2023
Initial level:	3,871.98
Buffer level:	70% of initial level
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.25%
Cusip:	40057NF36

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