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Published on 12/26/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.03 million leveraged basket-linked notes on 21 stocks

By Taylor Fox

New York, Dec. 30 – GS Finance Corp. priced $2.03 million of 0% leveraged basket-linked notes due Jan. 5, 2022 linked to an approximately equally weighted basket of 21 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of American Campus Communities, Inc. (4.77% weight), Becton, Dickinson and Co. (4.76% weight), Boston Properties, Inc. (4.76% weight), Bright Horizons Family Solutions Inc. (4.77% weight), Bunge Ltd. (4.76% weight), Caterpillar Inc. (4.76% weight), Cedar Fair, LP (4.76% weight), Celanese Corp. (4.76% weight), Comcast Corp. (4.76% weight), Domtar Corp. (4.76% weight), Fleetcor Technologies, Inc. (4.76% weight), Huntsman Corp. (4.76% weight), ITT Inc. (4.76% weight), Lamb Weston Holdings, Inc. (4.76% weight), SL Green Realty Corp. (4.76% weight), Starbucks Corp. (4.76% weight), Boeing Co. (4.76% weight), Walt Disney Co. (4.77% weight), Uber Technologies, Inc. (4.76% weight), Ulta Beauty, Inc. (4.76% weight) and United Airlines Holdings, 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 $1,165 for each $1,000 note.

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

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged basket-linked notes
Underlying stocks:American Campus Communities, Inc. (4.77% weight), Becton, Dickinson and Co. (4.76% weight), Boston Properties, Inc. (4.76% weight), Bright Horizons Family Solutions Inc. (4.77% weight), Bunge Ltd. (4.76% weight), Caterpillar Inc. (4.76% weight), Cedar Fair, LP. (4.76% weight), Celanese Corp. (4.76% weight), Comcast Corp. (4.76% weight), Domtar Corp. (4.76% weight), Fleetcor Technologies, Inc. (4.76% weight), Huntsman Corp. (4.76% weight), ITT Inc. (4.76% weight), Lamb Weston Holdings, Inc. (4.76% weight), SL Green Realty Corp. (4.76% weight), Starbucks Corp. (4.76% weight), Boeing Co. (4.76% weight), Walt Disney Co. (4.77% weight), Uber Technologies, Inc. (4.76% weight), Ulta Beauty, Inc. (4.76% weight) and United Airlines Holdings, Inc. (4.76% weight)
Amount:$2,030,000
Maturity:Jan. 5, 2022
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 1.5 times the basket return up to $1,165 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
Pricing date:Dec. 2
Settlement date:Dec. 9
Agent:Goldman Sachs & Co. LLC
Fees:0.91%
Cusip:40057EQC4

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