New Issue: GS Finance sells $45 million equity-linked notes on Delta Air Lines

By Wendy Van Sickle

Columbus, Ohio, Sept. 24 – GS Finance Corp. priced $45 million of 0% equity-linked notes due Sept. 28, 2023 tied to the common stock of Delta Air Lines, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be the greater of 14.0554 times the closing price of the shares per each $1,000 principal amount of notes and par.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Equity-linked notes
Underlying stock:	Delta Air Lines, Inc.
Amount:	$45 million
Maturity:	Sept. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Greater of par of $1,000 and 14.0554 times the closing price of the shares
Initial index stock price:	$59.7875
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Underwriter:	Goldman, Sachs & Co.
Fees:	0.35%
Cusip:	40056EAL2

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