New Issue: GS Finance prices $750,000 buffered basket-linked notes on 45 stocks

By Marisa Wong

Los Angeles, June 13 – GS Finance Corp. priced $750,000 of 0% buffered basket-linked notes due July 10, 2023 based on the performance of an unequally weighted basket of common stock, common shares or capital stock of 45 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 Amkor Technology, Inc., Analog Devices, Inc. , Arista Networks, Inc., Arrow Electronics Inc, Avnet, Inc., Baker Hughes Co., Belden Inc., Berkshire Hathaway Inc., Broadcom Inc., Builders FirstSource, Inc., Canadian Pacific Railway Ltd., Caterpillar Inc., Cleveland-Cliffs Inc., Cognex Corp., CSX Corp., Deere & Co., Dover Corp., Eagle Materials Inc., EnPro Industries, Inc., First Solar, Inc., General Electric Co., Intel Corp., Jacobs Engineering Group Inc., Kennametal Inc., L3Harris Technologies, Inc., Macom Technology Solutions Holdings, Inc., Martin Marietta Materials, Inc., Microchip Technology Inc., NextEra Energy, Inc., Norfolk Southern Corp., ON Semiconductor Corp., Oshkosh Corp., Photronics, Inc., Qualcomm Inc., Quanta Services, Inc., Rockwell Automation, Inc., Summit Materials, Inc., Terex Corp., Texas Instruments Inc., Textron Inc., Tractor Supply Co., Union Pacific Corp., United Rentals, Inc., Veeco Instruments Inc. and Vulcan Materials Co. Weightings are given in the table below.

If the basket return is positive, the payout at maturity will be par plus the gain, subject to a maximum settlement amount of $1,181 per $1,000 principal amount.

If the basket falls by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% basket decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered basket-linked notes
Underlying basket:	Amkor Technology, Inc. (Nasdaq: AMKR) with a 0.44% weight, Analog Devices, Inc. (Nasdaq: ADI) with a 3.51% weight, Arista Networks, Inc. (NYSE: ANET) with a 2.81% weight, Arrow Electronics Inc (NYSE: ARW) with a 1.52% weight, Avnet, Inc. (Nasdaq: AVT) with a 0.62% weight, Baker Hughes Co. (Nasdaq: BKR) with a 3.63% weight, Belden Inc. (NYSE: BDC) with a 0.37% weight, Berkshire Hathaway Inc. (NYSE: BRK.B) with a 3.10% weight, Broadcom Inc. (Nasdaq: AVGO) with a 3.12% weight, Builders FirstSource, Inc. (NYSE: BLDR) with a 2.95% weight, Canadian Pacific Railway Ltd. (NYSE: CP) with a 3.00% weight, Caterpillar Inc. (NYSE: CAT) with a 3.28% weight, Cleveland-Cliffs Inc. (NYSE: CLF) with a 2.92% weight, Cognex Corp. (Nasdaq: CGNX) with a 0.86% weight, CSX Corp. (Nasdaq: CSX) with a 2.98% weight, Deere & Co. (NYSE: DE) with a 2.92% weight, Dover Corp. (NYSE: DOV) with a 2.41% weight, Eagle Materials Inc. (NYSE: EXP) with a 0.98% weight, EnPro Industries, Inc. (NYSE: NPO) with a 0.21% weight, First Solar, Inc. (Nasdaq: FSLR) with a 2.52% weight, General Electric Co. (NYSE: GE) with a 2.76% weight, Intel Corp. (Nasdaq: INTC) with a 3.15% weight, Jacobs Engineering Group Inc. (NYSE: J) with a 2.19% weight, Kennametal Inc. (NYSE: KMT) with a 0.54% weight, L3Harris Technologies, Inc. (NYSE: LHX) with a 3.25% weight, Macom Technology Solutions Holdings, Inc. (Nasdaq: MTSI) with a 0.38% weight, Martin Marietta Materials, Inc. (NYSE: MLM) with a 2.98% weight, Microchip Technology Inc. (Nasdaq: MCHP) with a 3.18% weight, NextEra Energy, Inc. (NYSE: NEE) with a 3.10% weight, Norfolk Southern Corp. (NYSE: NSC) with a 2.95% weight, ON Semiconductor Corp. (Nasdaq: ON) with a 3.34% weight, Oshkosh Corp. (NYSE: OSK) with a 1.04% weight, Photronics, Inc. (Nasdaq: PLAB) with a 0.28% weight, Qualcomm Inc. (Nasdaq: QCOM) with a 3.02% weight, Quanta Services, Inc. (NYSE: PWR) with a 3.18% weight, Rockwell Automation, Inc. (NYSE: ROK) with a 2.58% weight, Summit Materials, Inc. (NYSE: SUM) with a 0.60% weight, Terex Corp. (NYSE: TEX) with a 0.52% weight, Texas Instruments Inc. (Nasdaq: TXN) with a 3.34% weight, Textron Inc. (NYSE: TXT) with a 1.82% weight, Tractor Supply Co. (Nasdaq: TSCO) with a 2.73% weight, Union Pacific Corp. (NYSE: UNP) with a 2.87% weight, United Rentals, Inc. (NYSE: URI) with a 2.81% weight, Veeco Instruments Inc. (Nasdaq: VECO ) with a 0.17% weight, Vulcan Materials Co. (NYSE: VMC) with a 3.07% weight
Amount:	$750,000
Maturity:	July 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain, capped at par plus 18.1%; par if basket falls by up to 10%; 1.1111% loss for every 1% basket decline beyond 10%
Initial prices:	$20.52 for Amkor, $165.27 for Analog, $103.51 for Arista, $122.84 for Arrow, $48.96 for Avnet, $37.68 for Baker Hughes, $58.86 for Belden, $312.15 for Berkshire Hathaway, $561.23 for Broadcom, $66.57 for Builders FirstSource, $75.69 for Canadian Pacific, $223.63 for Caterpillar, $23.32 for Cleveland-Cliffs, $48.25 for Cognex, $32.14 for CSX, $362.91 for Deere, $133.19 for Dover, $135.28 for Eagle, $99.25 for EnPro, $71.99 for First Solar, $77.00 for GE, $43.34 for Intel, $135.85 for Jacobs, $28.25 for Kennametal, $241.10 for L3Harris, $54.63 for Macom, $347.77 for Martin Marietta, $70.23 for Microchip, $80.19 for NextEra, $244.68 for Norfolk, $66.01 for ON, $96.07 for Oshkosh, $22.44 for Photronics, $140.44 for Qualcomm, $131.40 for Quanta, $214.86 for Rockwell, $27.84 for Summit, $36.90 for Terex, $167.76 for Texas Instruments, $67.34 for Textron, $199.09 for Tractor, $225.17 for Union Pacific, $307.27 for United Rentals, $21.79 for Veeco, $166.73 for Vulcan
Pricing date:	June 6
Settlement date:	June 13
Agent:	Goldman Sachs & Co. LLC
Fees:	0.82%
Cusip:	40057MBZ1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.