Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $664,000 basket-linked notes tied to 21 stocks
By Marisa Wong
Los Angeles, April 29 – GS Finance Corp. priced $664,000 of 0% basket-linked notes due April 25, 2023 based on the performance of an unequally weighted basket of common stock, common shares or capital stock of 21 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 Advanced Micro Devices, Inc., Broadridge Financial Solutions, Inc., CME Group Inc., Coinbase Global, Inc., Facebook, Inc., Ideanomics, Inc., International Business Machines Corp., JPMorgan Chase & Co., Marathon Digital Holdings, Inc., Mastercard Inc., Microstrategy Inc., Nvidia Corp., Overstock.com, Inc., PayPal Holdings, Inc., Riot Blockchain, Inc., Silvergate Capital Corp., Square, Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Tesla, Inc., Bank of New York Mellon Corp., Visa Inc. Each stock has a weight of 4.89%, except for Ideanomics, which has a weight of 2.2%.
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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying basket: | Advanced Micro Devices, Inc. (Nasdaq: AMD), Broadridge Financial Solutions, Inc. (NYSE: BR), CME Group Inc. (Nasdaq: CME), Coinbase Global, Inc. (Nasdaq: COIN), Facebook, Inc. (Nasdaq: FB), International Business Machines Corp. (NYSE: IBM), JPMorgan Chase & Co. (NYSE: JPM), Marathon Digital Holdings, Inc. (Nasdaq: MARA), Mastercard Inc. (NYSE: MA), Microstrategy Inc. (Nasdaq: MSTR), Nvidia Corp. (Nasdaq: NVDA), Overstock.com, Inc. (Nasdaq: OSTK), PayPal Holdings, Inc. (Nasdaq: PYPL), Riot Blockchain, Inc. (Nasdaq: RIOT), Silvergate Capital Corp. (NYSE: SI), Square, Inc. (NYSE: SQ), Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), Tesla, Inc. (Nasdaq: TSLA), Bank of New York Mellon Corp. (NYSE: BK), Visa Inc. (NYSE: V), each with 4.89% weight; Ideanomics, Inc. (Nasdaq: IDEX) with a 2.2% weight
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| Amount: | $664,000
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| Maturity: | April 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain; full exposure to losses
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| Initial prices: | $119.33 for AMD, $182.32 for Broadridge, $214.79 for CME, $300.01 for Coinbase, $341.88 for Facebook, $1.99 for Ideanomics, $128.33 for IBM, $169.50 for JPMorgan, $50.91 for Marathon Digital, $356.21 for Mastercard, $735.43 for Microstrategy, $226.92 for Nvidia, $80.96 for Overstock.com, $243.21 for PayPal, $29.44 for Riot Blockchain, $148.38 for Silvergate, $265.08 for Square, $116.29 for Taiwan Semiconductor, $894.00 for Tesla, $59.74 for BNY Mellon, $230.24 for Visa
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| Pricing date: | Oct. 21, 2021
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| Settlement date: | Oct. 28, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.9%
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| Cusip: | 362273BP8
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