New Issue: GS Finance sells $9.25 million basket-linked notes tied to 77 stocks

By Marisa Wong

Los Angeles, April 29 – GS Finance Corp. priced $9.25 million of 0% basket-linked notes due Sept. 29, 2023 based on the performance of an unequally weighted basket of common stock, common shares, ordinary shares, capital stock or American depositary shares of 77 companies, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket stocks are Adobe Inc., Alphabet Inc., Alteryx, Inc., Amazon.com, Inc., Anaplan, Inc., AstraZeneca plc, Atlassian Corp. plc, Avalara, Inc., Axon Enterprise, Inc., Beyond Meat, Inc., BioMarin Pharmaceutical Inc, Box, Inc., Broadcom Inc., Carvana Co., Centene Corp., CoStar Group, Inc., Coupa Software Inc., DexCom, Inc., DocuSign, Inc., Elastic NV, EPAM Systems, Inc., Etsy, Inc., Exact Sciences Corp., Expedia Group, Inc., Facebook, Inc., Five Below, Inc., Five9, Inc., Fortinet, Inc., Grocery Outlet Holding Corp., Guardant Health Inc, HubSpot, Inc., Incyte Corp., Invitae Corp., lululemon athletica inc, Medallia, Inc., MongoDB, Inc., Monster Beverage Corp., Netflix, Inc., New Relic, Inc., NovoCure Ltd., Okta, Inc., Ollie’s Bargain Outlet Holdings, Inc., Palo Alto Networks, Inc., Paycom Software, Inc., Paylocity Holding Corp., PayPal Holdings, Inc., PDC Energy, Inc., Penumbra, Inc., Planet Fitness, Inc., PTC Therapeutics, Inc., Pure Storage, Inc., Qualys, Inc., Repligen Corp., RingCentral, Inc., Roku, Inc., salesforce.com, inc., Seagen Inc., ServiceNow, Inc., Signature Bank, Smartsheet Inc., Splunk Inc., Spotify Technology SA, Square, Inc., Tandem Diabetes Care, Inc., Teladoc Health, Inc., Tesla, Inc., Trade Desk, Inc., Twilio Inc., Tyler Technologies, Inc., Ulta Beauty, Inc., Veeva Systems Inc., Vertex Pharmaceuticals Inc., Wingstop Inc., Workday, Inc., Zendesk, Inc., Zillow Group, Inc. and Zscaler, Inc. Weightings are given in the table below.

If the basket return is positive, the payout at maturity will be par plus the gain. Investors will be fully exposed to any basket decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying basket:	Adobe Inc. (Nasdaq: ADBE) with a 2.15% weight, Alphabet Inc. (Nasdaq: GOOGL) with a 2.21% weight, Alteryx, Inc. (Nasdaq: AYX) with a 0.65% weight, Amazon.com, Inc. (Nasdaq: AMZN) with a 1.69% weight, Anaplan, Inc. (Nasdaq: PLAN) with a 0.94% weight, AstraZeneca plc (Nasdaq: AZN) with a 1.24% weight, Atlassian Corp. plc (Nasdaq: TEAM) with a 2.61% weight, Avalara, Inc. (Nasdaq: AVLR) with a 1.05% weight, Axon Enterprise, Inc. (Nasdaq: AXON) with a 1.10% weight, Beyond Meat, Inc. (Nasdaq: BYND) with a 1.04% weight, BioMarin Pharmaceutical Inc (Nasdaq: BMRN) with a 0.89% weight, Box, Inc. (Nasdaq: BOX) with a 0.50% weight, Broadcom Inc. (Nasdaq: AVGO) with a 1.71% weight, Carvana Co. (Nasdaq: CVNA) with a 1.87% weight, Centene Corp. (Nasdaq: CNC) with a 1.64% weight, CoStar Group, Inc. (Nasdaq: CSGP) with a 1.57% weight, Coupa Software Inc. (Nasdaq: COUP) with a 1.12% weight, DexCom, Inc. (Nasdaq: DXCM) with a 2.26% weight, DocuSign, Inc. (Nasdaq: DOCU) with a 1.73% weight, Elastic NV (Nasdaq: ESTC) with a 1.08% weight, EPAM Systems, Inc. (Nasdaq: EPAM) with a 1.54% weight, Etsy, Inc. (Nasdaq: ETSY) with a 1.56% weight, Exact Sciences Corp. (Nasdaq: EXAS) with a 1.08% weight, Expedia Group, Inc. (Nasdaq: EXPE) with a 1.66% weight, Facebook, Inc. (Nasdaq: FB) with a 2.22% weight, Five Below, Inc. (Nasdaq: FIVE) with a 1.33% weight, Five9, Inc. (Nasdaq: FIVN) with a 0.96% weight, Fortinet, Inc. (Nasdaq: FTNT) with a 2.44% weight, Grocery Outlet Holding Corp. (Nasdaq: GO) with a 0.17% weight, Guardant Health Inc (Nasdaq: GH) with a 1.21% weight, HubSpot, Inc. (Nasdaq: HUBS) with a 2.66% weight, Incyte Corp. (Nasdaq: INCY) with a 0.80% weight, Invitae Corp. (Nasdaq: NVTA) with a 0.91% weight, lululemon athletica inc (Nasdaq: LULU) with a 2.00% weight, Medallia, Inc. (Nasdaq: MDLA) with a 0.58% weight, MongoDB, Inc. (Nasdaq: MDB) with a 2.01% weight, Monster Beverage Corp. (Nasdaq: MNST) with a 1.68% weight, Netflix, Inc. (Nasdaq: NFLX) with a 1.68% weight, New Relic, Inc. (Nasdaq: NEWR) with a 0.56% weight, NovoCure Ltd. (Nasdaq: NVCR) with a 0.64% weight, Okta, Inc. (Nasdaq: OKTA) with a 1.46% weight, Ollie’s Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) with a 0.86% weight, Palo Alto Networks, Inc. (Nasdaq: PANW) with a 1.99% weight, Paycom Software, Inc. (Nasdaq: PAYC) with a 1.67% weight, Paylocity Holding Corp. (Nasdaq: PCTY) with a 0.55% weight, PayPal Holdings, Inc. (Nasdaq: PYPL) with a 1.59% weight, PDC Energy, Inc. (Nasdaq: PDCE) with a 0.35% weight, Penumbra, Inc. (Nasdaq: PEN) with a 1.35% weight, Planet Fitness, Inc. (Nasdaq: PLNT) with a 1.02% weight, PTC Therapeutics, Inc. (Nasdaq: PTCT) with a 0.17% weight, Pure Storage, Inc. (Nasdaq: PSTG) with a 0.81% weight, Qualys, Inc. (Nasdaq: QLYS) with a 0.40% weight, Repligen Corp. (Nasdaq: RGEN) with a 1.04% weight, RingCentral, Inc. (Nasdaq: RNG) with a 0.84% weight, Roku, Inc. (Nasdaq: ROKU) with a 1.11% weight, salesforce.com, inc. (Nasdaq: CRM) with a 1.76% weight, Seagen Inc. (Nasdaq: SGEN) with a 1.40% weight, ServiceNow, Inc. (Nasdaq: NOW) with a 1.80% weight, Signature Bank (Nasdaq: SBNY) with a 1.35% weight, Smartsheet Inc. (Nasdaq: SMAR) with a 0.57% weight, Splunk Inc. (Nasdaq: SPLK) with a 1.42% weight, Spotify Technology SA (Nasdaq: SPOT) with a 1.16% weight, Square, Inc. (Nasdaq: SQ) with a 1.58% weight, Tandem Diabetes Care, Inc. (Nasdaq: TNDM) with a 0.71% weight, Teladoc Health, Inc. (Nasdaq: TDOC) with a 0.75% weight, Tesla, Inc. (Nasdaq: TSLA) with a 1.43% weight, Trade Desk, Inc. (Nasdaq: TTD) with a 1.35% weight, Twilio Inc. (Nasdaq: TWLO) with a 1.36% weight, Tyler Technologies, Inc. (Nasdaq: TYL) with a 0.93% weight, Ulta Beauty, Inc. (Nasdaq: ULTA) with a 1.92% weight, Veeva Systems Inc. (Nasdaq: VEEV) with a 1.60% weight, Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) with a 1.40% weight, Wingstop Inc. (Nasdaq: WING) with a 0.57% weight, Workday, Inc. (Nasdaq: WDAY) with a 1.58% weight, Zendesk, Inc. (Nasdaq: ZEN) with a 1.30% weight, Zillow Group, Inc. (Nasdaq: Z) with a 0.11% weight, Zscaler, Inc. (Nasdaq: ZS) with a 2.00% weight
Amount:	$9,245,000
Maturity:	Sept. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; full exposure to losses
Initial prices:	$603.65 for Adobe, $2,821.44 for Alphabet, $75.39 for Alteryx, $3,405.80 for Amazon.com, $64.49 for Anaplan, $58.72 for AstraZeneca, $391.89 for Atlassian, $185.82 for Avalara, $179.02 for Axon, $113.38 for Beyond Meat, $78.62 for BioMarin, $25.23 for Box, $504.85 for Broadcom, $319.12 for Carvana, $63.83 for Centene, $87.63 for CoStar, $239.90 for Coupa, $549.07 for DexCom, $263.82 for DocuSign, $163.58 for Elastic, $597.63 for EPAM, $225.78 for Etsy, $95.00 for Exact Sciences, $169.65 for Expedia, $353.58 for Facebook, $194.79 for Five Below, $170.75 for Five9, $300.57 for Fortinet, $22.05 for Grocery Outlet, $125.72 for Guardant, $708.96 for HubSpot, $69.26 for Incyte, $30.08 for Invitae, $430.72 for lululemon, $33.87 for Medallia, $483.04 for MongoDB, $91.79 for Monster, $592.64 for Netflix, $73.92 for New Relic, $125.69 for NovoCure, $241.46 for Okta, $64.22 for Ollie’s, $486.04 for Palo Alto, $507.02 for Paycom, $292.72 for Paylocity, $273.39 for PayPal, $50.45 for PDC, $271.22 for Penumbra, $80.49 for Planet Fitness, $38.92 for PTC, $27.10 for Pure Storage, $116.32 for Qualys, $307.37 for Repligen, $220.00 for RingCentral, $321.24 for Roku, $279.68 for salesforce.com, $162.51 for Seagen, $649.56 for ServiceNow, $276.64 for Signature Bank, $74.51 for Smartsheet, $148.80 for Splunk, $232.94 for Spotify, $258.11 for Square, $121.15 for Tandem, $134.74 for Teladoc, $791.36 for Tesla, $75.79 for Trade Desk, $345.12 for Twilio, $468.26 for Tyler, $381.13 for Ulta, $294.92 for Veeva, $183.41 for Vertex, $175.50 for Wingstop, $263.78 for Workday, $121.33 for Zendesk, $90.47 for Zillow, $272.73 for Zscaler
Pricing date:	Sept. 27, 2021
Settlement date:	Oct. 4, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	362273BN3

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