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Published on 4/28/2020 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $910,000 leveraged basket-linked notes on 26 stocks

By Sarah Lizee

Olympia, Wash., April 28 – GS Finance Corp. priced $910,000 of 0% leveraged notes due Oct. 25, 2021 linked to a basket of 26 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Alexion Pharmaceuticals, Inc. (3.8497% weight), Align Technology, Inc. (3.8508% weight), Altria Group, Inc. (3.8401% weight), Analog Devices, Inc. (3.8502% weight), Best Buy Co., Inc. (3.85%), Biogen Inc. (3.8415% weight), Booking Holdings Inc. (3.8371% weight), Bristol-Myers Squibb Co. (3.8499%), Cognizant Technology Solutions Corp. (3.8403% weight), Electronic Arts Inc. (3.8399% weight), Gilead Sciences, Inc. (3.8499% weight), Illumina, Inc. (3.84% weight), Intel Corp. (3.85% weight), Lowe's Cos., Inc. (3.8498% weight), Maxim Integrated Products, Inc. (3.8503% weight), McKesson Corp. (3.8396% weight), Qualcomm Inc. (3.8501% weight), Quest Diagnostics Inc. (3.8398% weight), salesforce.com, inc. (3.8504% weight), Skyworks Solutions, Inc. (3.8503% weight), T Rowe Price Group, Inc. (3.85% weight), Take-Two Interactive Software, Inc. (3.8504% weight), Texas Instruments Inc. (3.8501% weight), United Parcel Service, Inc. (3.8397% weight), Walgreens Boots Alliance, Inc. (3.85% weight) and Xilinx, Inc. (3.8399% weight).

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return up to $1,288 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 notes
Underlying stocks:Alexion Pharmaceuticals, Inc. (3.8497% weight), Align Technology, Inc. (3.8508% weight), Altria Group, Inc. (3.8401% weight), Analog Devices, Inc. (3.8502% weight), Best Buy Co., Inc. (3.85%), Biogen Inc. (3.8415% weight), Booking Holdings Inc. (3.8371% weight), Bristol-Myers Squibb Co. (3.8499%), Cognizant Technology Solutions Corp. (3.8403% weight), Electronic Arts Inc. (3.8399% weight), Gilead Sciences, Inc. (3.8499% weight), Illumina, Inc. (3.84% weight), Intel Corp. (3.85% weight), Lowe's Cos., Inc. (3.8498% weight), Maxim Integrated Products, Inc. (3.8503% weight), McKesson Corp. (3.8396% weight), Qualcomm Inc. (3.8501% weight), Quest Diagnostics Inc. (3.8398% weight), salesforce.com, inc. (3.8504% weight), Skyworks Solutions, Inc. (3.8503% weight), T Rowe Price Group, Inc. (3.85% weight), Take-Two Interactive Software, Inc. (3.8504% weight), Texas Instruments Inc. (3.8501% weight), United Parcel Service, Inc. (3.8397% weight), Walgreens Boots Alliance, Inc. (3.85% weight) and Xilinx, Inc. (3.8399% weight)
Amount:$910,000
Maturity:Oct. 25, 2021
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 2 times the basket return up to $1,288 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
Initial levels:$103.39 for Alexion, $187.26 for Align, $37.76 for Altria, $96.47 for Analog, $67.80 for Best Buy, $329.01 for Biogen, $1,342.22 for Booking, $60.59 for Bristol, $50.99 for Cognizant, $113.27for Electronic Arts, $78.53 for Gilead, $310.40 for Illumina, $56.36 for Intel, $92.62 for Lowe’s, $50.35 for Maxim, $132.44 for McKesson, $71.84 for Qualcomm, $94.46 for Quest, $150.56 for salesforce, $88.10 for Skyworks, $98.85 for T Rowe, $125.73 for Take-Two, $106.84 for Texas, $100.62 for UPS, $42.55 for Walgreens, $86.32 for Xilinx
Pricing date:April 21
Settlement date:April 28
Agent:Goldman Sachs & Co. LLC
Fees:1.1%
Cusip:40056YYZ1

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