New Issue: GS Finance prices $7.64 million leveraged buffered notes on basket of 45 stocks

By William Gullotti

Buffalo, N.Y., Nov. 7 – GS Finance Corp. priced $7.64 million of 0% leveraged buffered notes due Feb. 4, 2025 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of 3M Co., AMN Healthcare Services, Inc., Automatic Data Processing, Inc., Badger Meter, Inc., Best Buy Co., Inc., Boise Cascade Co., Bunge Ltd., Cadence Design Systems, Inc., CBRE Group, Inc., Clean Energy Fuels Corp., Deckers Outdoor Corp., Ecolab Inc., Encompass Health Corp., Expeditors International of Washington, Inc., Fulgent Genetics, Inc., Gap, Inc., Gentherm Inc., Helen of Troy Ltd., Hess Corp., Huntington Bancshares Inc., Inari Medical, Inc., Ingredion Inc., Johnson Controls International plc, Kellanova, Keysight Technologies, Inc., Lam Research Corp., Mercury Systems, Inc., Microsoft Corp., Molson Coors Beverage Co., Morgan Stanley, NexTera Energy, Inc., Nvidia Corp., Openlane, Inc., PVH Corp., Regions Financial Corp., Ryder System, Inc., Teradata Corp., Texas Instruments Inc., Trane Technologies plc, Trinseo plc, West Pharmaceutical Services, Inc., Weyerhaeuser Co., Workhorse Group Inc., W.W. Grainger, Inc. and Xylem Inc.

The payout at maturity will be par plus 1.5 times the basket gain, subject to a maximum payout of par plus 15.75%.

Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered basket-linked notes
Underlying basket:	3M Co., AMN Healthcare Services, Inc., Automatic Data Processing, Inc., Badger Meter, Inc., Best Buy Co., Inc., Boise Cascade Co., Bunge Ltd., Cadence Design Systems, Inc., CBRE Group, Inc., Clean Energy Fuels Corp., Deckers Outdoor Corp., Ecolab Inc., Encompass Health Corp., Expeditors International of Washington, Inc., Fulgent Genetics, Inc., Gap, Inc., Gentherm Inc., Helen of Troy Ltd., Hess Corp., Huntington Bancshares Inc., Inari Medical, Inc., Ingredion Inc., Johnson Controls International plc, Kellanova, Keysight Technologies, Inc., Lam Research Corp., Mercury Systems, Inc., Microsoft Corp., Molson Coors Beverage Co., Morgan Stanley, NexTera Energy, Inc., Nvidia Corp., Openlane, Inc., PVH Corp., Regions Financial Corp., Ryder System, Inc., Teradata Corp., Texas Instruments Inc., Trane Technologies plc, Trinseo plc, West Pharmaceutical Services, Inc., Weyerhaeuser Co., Workhorse Group Inc., W.W. Grainger, Inc., Xylem Inc.; equal weights
Amount:	$7,637,000
Maturity:	Feb. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times basket gain, up to par plus 15.75%; par if basket finishes flat or declines by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial levels:	$89.52 for 3M Co., $74.17 for AMN Healthcare Services, Inc., $216.08 for Automatic Data Processing, Inc., $137.61 for Badger Meter, Inc., $64.49 for Best Buy Co., Inc., $93.96 for Boise Cascade Co., $106.46 for Bunge Ltd., $233.72 for Cadence Design Systems, Inc., $67.50 for CBRE Group, Inc., $3.38 for Clean Energy Fuels Corp., $584.56 for Deckers Outdoor Corp., $159.15 for Ecolab Inc., $60.63 for Encompass Health Corp., $108.98 for Expeditors International of Washington, Inc., $23.64 for Fulgent Genetics, Inc., $12.65 for Gap, Inc., $41.335 for Gentherm Inc., $96.99 for Helen of Troy Ltd., $145.17 for Hess Corp., $9.56 for Huntington Bancshares Inc., $58.34 for Inari Medical, Inc., $93.48 for Ingredion Inc., $48.62 for Johnson Controls International plc, $50.20 for Kellanova, $119.74 for Keysight Technologies, Inc., $583.50 for Lam Research Corp., $35.53 for Mercury Systems, Inc., $337.31 for Microsoft Corp., $57.04 for Molson Coors Beverage Co., $70.59 for Morgan Stanley, $57.20 for NexTera Energy, Inc., $411.61 for Nvidia Corp., $13.32 for Openlane, Inc., $74.17 for PVH Corp., $14.22 for Regions Financial Corp., $95.06 for Ryder System, Inc., $42.23 for Teradata Corp., $140.50 for Texas Instruments Inc., $188.08 for Trane Technologies plc, $6.31 for Trinseo plc, $319.86 for West Pharmaceutical Services, Inc., $28.55 for Weyerhaeuser Co., $0.42 for Workhorse Group Inc., $726.06 for W.W. Grainger, Inc., $89.27 for Xylem Inc.
Buffer level:	90% of initial level
Pricing date:	Oct. 30
Settlement date:	Nov. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	0.3%
Cusip:	40057WMZ7

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