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Published on 9/17/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $500,000 buffered digital notes linked to Apple

By Wendy Van Sickle

Columbus, Ohio, Sept. 17 – GS Finance Corp. priced $500,000 of 0% buffered digital notes due Oct. 14, 2021 linked to the shares of Apple Inc., according to a 424B2 filing with the Notes and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the final level of the stock is greater than or equal to 65% of its initial level, the payout at maturity will be $1,080 for each $1,000 of notes. Otherwise, investors will receive the stock return plus 8%.

Goldman Sachs & Co. LLC. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered digital notes
Underlying stock:Apple Inc.
Amount:$500,000
Maturity:Oct. 14, 2021
Coupon:0%
Price:Par
Payout at maturity:If the final level of the stock is greater than or equal to 65% of its initial level, the payout at maturity will be $1,080 for each $1,000 of notes; otherwise, stock return plus 8%
Initial stock level:$112.00
Pricing date:Sept. 11
Settlement date:Sept. 16
Underwriter:Goldman Sachs & Co. LLC
Fees:0.1%
Cusip:40057CVT5

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