New Issue: GS Finance sells $465,000 equity-linked notes on Zoom

By Kiku Steinfeld

Chicago, Nov. 18 – GS Finance Corp. priced $465,000 of 0% equity-linked notes due Sept. 21, 2023 tied to the common stock of Zoom Video Communications, 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 its initial level, the payout will be par plus the stock return, capped at $2,080 for each $1,000 face amount.

If the stock declines by up to 40%, the payout will be par.

Otherwise, the payout will be par plus the return of the stock with full exposure to the decline.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Equity-linked notes
Underlying stock:	Zoom Video Communications, Inc.
Amount:	$465,000
Maturity:	Sept. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock finishes at or above its initial level, par plus the return, capped at $2,080 for each $1,000 face amount; if the stock declines by up to 40%, par; otherwise, par plus the return of the stock with full exposure to the decline
Initial index stock price:	$106.84
Trigger level:	60% of initial level
Pricing date:	March 16
Settlement date:	March 21
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.6%
Cusip:	40057LHY0

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