New Issue: GS Finance prices $580,000 underlier-linked notes tied to indexes, ETF

Chicago, Oct. 12 – GS Finance Corp. priced $580,000 of 0% underlier-linked notes due Oct. 3, 2025 linked to the lesser performing of the Russell 2000 Value index, the S&P 500 index and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each underlier finishes at or above its barrier level, 50% of initial value, the payout at maturity will be par plus 37%.

Otherwise, investors will lose 1% for each 1% that the worst performer declines from its initial value.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	S&P 500 index, Russell 2000 Value index, VanEck Gold Miners ETF
Amount:	$580,000
Maturity:	Oct. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above barrier level, par plus 37%; otherwise, 1% loss for every 1% decline of worst performer from initial value
Initial values:	$24.12 for ETF, 3,585.62 for S&P, 1,934.438 for Russell Value
Barrier levels:	50% of initial levels
Pricing date:	Sept. 30, 2022
Settlement date:	Oct. 5, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.75%
Cusip:	40057NDL8

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