New Issue: GS Finance prices $2.35 million digital equity-linked notes on Peloton

By William Gullotti

Buffalo, N.Y., Sept. 21 – GS Finance Corp. priced $2.35 million of 0% digital equity -linked notes due Aug. 3, 2022 linked to the stock performance of Peloton Interactive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock finishes at or above barrier level, 58% of initial level, the payout at maturity will be par plus 14.3%.

Otherwise, investors will lose 1% for every 1% that the stock declines from initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital equity-linked notes
Underlying stock:	Peloton Interactive, Inc.
Amount:	$2,347,000
Maturity:	Aug. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above barrier level, $1,143 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% of stock decline from initial level
Initial stock level:	$125.68
Barrier level:	58% of initial level
Pricing date:	June 29
Settlement date:	July 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.43%
Cusip:	40057HNS5

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