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Published on 9/4/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.33 million leveraged basket-linked notes on 21 stocks

By Sarah Lizee

Olympia, Wash., Sept. 4 – GS Finance Corp. priced $2.33 million of 0% leveraged basket-linked notes due Oct. 4, 2021 linked to an unequally weighted basket of 21 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of American Tower Corp. (4.76% weight), Analog Devices, Inc. (4.76% weight), AT&T Inc. (4.76% weight), Ciena Corp. (4.76% weight), Cisco Systems Inc. (4.76% weight), CommScope Holding Co., Inc. (4.76% weight), Corning Inc. (4.77% weight), Crown Castle International Corp. (4.76% weight), Juniper Networks, Inc. (4.76% weight), Keysight Technologies, Inc. (4.76% weight), LM Ericsson Telephone Co. (4.76% weight), Lumentum Holdings Inc. (4.76% weight), Marvell Technology Group Ltd. (4.76% weight), Qorvo, Inc. (4.76% weight), Qualcomm Inc. (4.77% weight), SBA Communications Corp. (4.76% weight), Skyworks Solutions, Inc. (4.76% weight), Taiwan Semiconductor Manufacturing Co. Ltd. (4.77% weight), Teradyne, Inc. (4.76% weight) and Verizon Communications Inc. (4.76% weight).

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return up to $1,270 for each $1,000 note.

If the basket decline, the payout will be par plus the return of the basket with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged basket-linked notes
Underlying stocks:American Tower Corp. (4.76% weight), Analog Devices, Inc. (4.76% weight), AT&T Inc. (4.76% weight), Ciena Corp. (4.76% weight), Cisco Systems Inc. (4.76% weight), CommScope Holding Co., Inc. (4.76% weight), Corning Inc. (4.77% weight), Crown Castle International Corp. (4.76% weight), Juniper Networks, Inc. (4.76% weight), Keysight Technologies, Inc. (4.76% weight), LM Ericsson Telephone Co. (4.76% weight), Lumentum Holdings Inc. (4.76% weight), Marvell Technology Group Ltd. (4.76% weight), Qorvo, Inc. (4.76% weight), Qualcomm Inc. (4.77% weight), SBA Communications Corp. (4.76% weight), Skyworks Solutions, Inc. (4.76% weight), Taiwan Semiconductor Manufacturing Co. Ltd. (4.77% weight), Teradyne, Inc. (4.76% weight) and Verizon Communications Inc. (4.76% weight)
Amount:$2.33 million
Maturity:Oct. 4, 2021
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 1.5 times the basket return up to $1,270 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
Pricing date:Aug. 31
Settlement date:Sept. 8
Agent:Goldman Sachs & Co. LLC
Fees:0.92%
Cusip:40057CNG2

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