New Issue: Goldman prices $1 million leveraged basket-linked notes on 46 stocks

By Wendy Van Sickle

Columbus, Ohio, July 13 – GS Finance Corp. priced $1 million of 0% leveraged notes due Aug. 4, 2021 linked to a basket of 46 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Activision Blizzard, Inc. (2.1788% weight), Advanced Micro Devices, Inc. (2.4793% weight), Akamai Technologies, Inc. (2.1504% weight), Altice USA, Inc. (2.5316% weight), Amazon.com, Inc. (2.4043% weight), AT&T Inc. (1.59% weight), BJ's Wholesale Club Holdings, Inc. (1.3257% weight), Campbell Soup Co. (1.7685% weight), Charter Communications, Inc. (2.1894% weight), Citrix Systems, Inc. (2.3514% weight), Cloudflare, Inc. (2.4266% weight), Conagra Brands, Inc. (2.1636% weight), Constellation Brands, Inc. (2.1353% weight), Costco Wholesale Corp. (1.8765% weight), CVS Health Corp. (1.9806% weight), DocuSign, Inc. (2.4158% weight), Dollar General Corp. (2.2598% weight), Domino's Pizza, Inc. (2.3002% weight), Electronic Arts Inc. (2.218% weight), Fastly, Inc. (2.4749% weight), General Mills, Inc. (1.9353% weight), Glu Mobile Inc. (0.9926% weight), Grubhub Inc. (2.0464% weight), Intel Corp. (2.3124% weight), Interactive Brokers Group, Inc. (1.0301% weight), Kellogg Co. (1.7745% weight), Keurig Dr Pepper Inc. (2.3239% weight), NetEase, Inc. (2.1118% weight), Netflix, Inc. (2.4205% weight), Peloton Interactive, Inc. (2.405% weight), RingCentral, Inc. (3.0149% weight), Roku, Inc. (3.2853% weight), Shopify Inc. (3.3389% weight), Slack Technologies, Inc. (2.6348% weight), Spotify Technology SA (2.0382% weight), Steris plc (2.1488% weight), Take-Two Interactive Software, Inc. (2.0254% weight), Target Corp. (1.9555% weight), Teladoc Health, Inc. (2.6415% weight), Clorox Co. (1.8863% weight), Kroger Co. (1.7829% weight), Twitter, Inc. (2.0305% weight), Verizon Communications Inc. (1.9517% weight), Walmart Inc. (2.115% weight), Zoom Video Communications, Inc. (2.3902% weight) and Zynga Inc. (2.187% weight).

If the basket return is positive, the payout at maturity will be par plus 3 times the basket return up to $1,090 for each $1,000 note.

If the basket decline, the payout will be par plus the return of the basket with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying stocks:	Activision Blizzard, Inc. (2.1788% weight), Advanced Micro Devices, Inc. (2.4793% weight), Akamai Technologies, Inc. (2.1504% weight), Altice USA, Inc. (2.5316% weight), Amazon.com, Inc. (2.4043% weight), AT&T Inc. (1.59% weight), BJ's Wholesale Club Holdings, Inc. (1.3257% weight), Campbell Soup Co. (1.7685% weight), Charter Communications, Inc. (2.1894% weight), Citrix Systems, Inc. (2.3514% weight), Cloudflare, Inc. (2.4266% weight), Conagra Brands, Inc. (2.1636% weight), Constellation Brands, Inc. (2.1353% weight), Costco Wholesale Corp. (1.8765% weight), CVS Health Corp. (1.9806% weight), DocuSign, Inc. (2.4158% weight), Dollar General Corp. (2.2598% weight), Domino's Pizza, Inc. (2.3002% weight), Electronic Arts Inc. (2.218% weight), Fastly, Inc. (2.4749% weight), General Mills, Inc. (1.9353% weight), Glu Mobile Inc. (0.9926% weight), Grubhub Inc. (2.0464% weight), Intel Corp. (2.3124% weight), Interactive Brokers Group, Inc. (1.0301% weight), Kellogg Co. (1.7745% weight), Keurig Dr Pepper Inc. (2.3239% weight), NetEase, Inc. (2.1118% weight), Netflix, Inc. (2.4205% weight), Peloton Interactive, Inc. (2.405% weight), RingCentral, Inc. (3.0149% weight), Roku, Inc. (3.2853% weight), Shopify Inc. (3.3389% weight), Slack Technologies, Inc. (2.6348% weight), Spotify Technology SA (2.0382% weight), Steris plc (2.1488% weight), Take-Two Interactive Software, Inc. (2.0254% weight), Target Corp. (1.9555% weight), Teladoc Health, Inc. (2.6415% weight), Clorox Co. (1.8863% weight), Kroger Co. (1.7829% weight), Twitter, Inc. (2.0305% weight), Verizon Communications Inc. (1.9517% weight), Walmart Inc. (2.115% weight), Zoom Video Communications, Inc. (2.3902% weight) and Zynga Inc. (2.187% weight)
Amount:	$1 million
Maturity:	Aug. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 3 times the basket return up to $1,090 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
Initial levels:	$77.51 for Activision, $52.34 for Advanced, $113.12 for Akamai, $23.45 for Altice, $2,890.30 for Amazon, $30.08 for AT&T, $36.97 for BJ’s, $49.32 for Campbell, $517.69 for Charter, $150.05 for Citrix, $36.47 for Cloudflare, $35.41 for Conagra, $185.80 for Constellation, $305.74 for Costco, $64.70 for CVS, $190.99 for DocuSign, $189.48 for Dollar, $374.09 for Domino’s, $133.84 for Electronic, $84.51 for Fastly, $61.48 for General, $9.57 for Glu, $69.87 for Grubhub, $59.13 for Intel, $43.01 for Interactive, $66.31for Kellogg, $28.53 for Keurig, $430.91 for NetEase, $476.89 for Netflix, $59.18 for Peloton, $287.63 for Ring, $128.65 for Roku, $1,029.97 for Shopify, $30.31 for Slack, $271.49 for Spotify, $154.01 for Steris, $144.40 for Take-Two, $119.12 for Target, $208.89 for Teladoc, $222.16 for Clorox, $33.50 for Kroger, $30.87 for Twitter, $54.79 for Verizon, $119.21 for Walmart, $261.74 for Zoom, $9.53 for Zynga
Pricing date:	July 2
Settlement date:	July 9
Agent:	Goldman Sachs & Co. LLC
Fees:	0.92%
Cusip:	40057CCE9

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