New Issue: GS Finance prices $1.63 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 15 – GS Finance Corp. priced $1.63 million of 0% buffered index-linked notes due Nov. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative but not below negative 50%, the payout will be par. If the index return is below negative 50%, par minus 1% for every 1% that index declines beyond 50%.

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:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$1.63 million
Maturity:	Nov. 4, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return; if index return is zero or negative but not below negative 50%, par; otherwise, par minus 1% for every 1% that index declines beyond 50%
Initial level:	3,871.98
Buffer level:	50% of initial level
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.5%
Cusip:	40057NTH0

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