New Issue: GS Finance sells $12.91 million basket-linked notes tied to 69 stocks

By Marisa Wong

Los Angeles, June 13 – GS Finance Corp. priced $12.91 million of 0% basket-linked notes due Dec. 19, 2022 based on the performance of an unequally weighted basket of common stock, common shares or ordinary shares of 69 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 AGCO Corp., Allison Transmission Holding, Inc., Archer-Daniels-Midland Co., Armstrong World Industries, Inc., Ashland Global Holdings Inc., AutoNation, Inc., AutoZone, Inc., Bank of America Corp., Burlington Stores, Inc., Carter's, Inc., Caterpillar Inc., Celanese Corp., Chipotle Mexican Grill, Inc., Citizens Financial Group, Inc., Clean Harbors, Inc., Colfax Corp., Constellation Brands, Inc., Deere & Co., Domino's Pizza, Inc., Eaton Corp. plc, Fifth Third Bancorp, Floor & Decor Holdings, Inc., FMC Corp., Gates Industrial Corp. plc, Genuine Parts Co., Graco Inc., Hanesbrands Inc., Honeywell International Inc., Huntington Ingalls Industries, Inc., Huntsman Corp., IDEX Corp., Illinois Tool Works Inc., International Paper Co., ITT Inc., Jacobs Engineering Group, Inc., Johnson Controls International plc, JPMorgan Chase & Co., lululemon athletica inc., Masco Corp., McDonald's Corp., MetLife, Inc., Morgan Stanley, Olin Corp., O'Reilly Automotive, Inc., Oshkosh Corp., Packaging Corp. of America, Parker-Hannifin Corp., Pool Corp., Ralph Lauren Corp., Raymond James Financial, Inc., Regions Financial Corp., Republic Services, Inc., Rockwell Automation, Inc. , Roper Technologies, Inc., Silgan Holdings Inc., Stericycle, Inc., Sylvamo Corp., Sysco Corp., Gap, Inc. , Mosaic Co., PNC Financial Services Group, Inc., Timken Co., Wendy’s Co., United Rentals, Inc., Univar Solutions Inc., US Foods Holding Corp., V.F. Corp., WestRock Co. and Xylem Inc. Weightings are given in the table below.

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.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying basket:	AGCO Corp. (NYSE: AGCO) with a 1.28% weight, Allison Transmission Holding, Inc. (NYSE: ALSN) with a 0.75% weight, Archer-Daniels-Midland Co. (NYSE: ADM) with a 1.46% weight, Armstrong World Industries, Inc. (NYSE: AWI) with a 0.73% weight, Ashland Global Holdings Inc. (NYSE: ASH) with a 1.06% weight, AutoNation, Inc. (NYSE: AN) with a 1.39% weight, AutoZone, Inc. (NYSE: AZO) with a 1.92% weight, Bank of America Corp. (NYSE: BAC) with a 2.42% weight, Burlington Stores, Inc. (NYSE: BURL) with a 1.43% weight, Carter's, Inc. (NYSE: CRI) with a 1.15% weight, Caterpillar Inc. (NYSE: CAT) with a 1.25% weight, Celanese Corp. (NYSE: CE) with a 1.59% weight, Chipotle Mexican Grill, Inc. (NYSE: CMG) with a 1.56% weight, Citizens Financial Group, Inc. (NYSE: CFG) with a 2.09% weight, Clean Harbors, Inc. (NYSE: CLH) with a 0.61% weight, Colfax Corp. (NYSE: CFX) with a 0.99% weight, Constellation Brands, Inc. (NYSE: STZ) with a 1.27% weight, Deere & Co. (NYSE: DE) with a 1.37% weight, Domino's Pizza, Inc. (NYSE: DPZ) with a 1.70% weight, Eaton Corp. plc (NYSE: ETN) with a 1.71% weight, Fifth Third Bancorp (Nasdaq: FITB) with a 2.27% weight, Floor & Decor Holdings, Inc. (NYSE: FND) with a 1.66% weight, FMC Corp. (NYSE: FMC) with a 1.29% weight, Gates Industrial Corp. plc (NYSE: GTES) with a 0.10% weight, Genuine Parts Co. (NYSE: GPC) with a 1.69% weight, Graco Inc. (NYSE: GGG) with a 1.23% weight, Hanesbrands Inc. (NYSE: HBI) with a 1.28% weight, Honeywell International Inc. (NYSE: HON) with a 1.41% weight, Huntington Ingalls Industries, Inc. (NYSE: HII) with a 1.36% weight, Huntsman Corp. (NYSE: HUN) with a 1.04% weight, IDEX Corp. (NYSE: IEX) with a 1.52% weight, Illinois Tool Works Inc. (NYSE: ITW) with a 1.48% weight, International Paper Co. (NYSE: IP) with a 1.27% weight, ITT Inc. (NYSE: ITT) with a 0.81% weight, Jacobs Engineering Group, Inc. (NYSE: J) with a 1.61% weight, Johnson Controls International plc (NYSE: JCI) with a 1.70% weight, JPMorgan Chase & Co. (NYSE: JPM) with a 2.27% weight, lululemon athletica inc. (Nasdaq: LULU) with a 1.79% weight, Masco Corp. (NYSE: MAS) with a 1.50% weight, McDonald's Corp. (NYSE: MCD) with a 1.53% weight, MetLife, Inc. (NYSE: MET) with a 2.13% weight, Morgan Stanley (NYSE: MS) with a 2.52% weight, Olin Corp. (NYSE: OLN) with a 1.49% weight, O'Reilly Automotive, Inc. (Nasdaq: ORLY) with a 1.76% weight, Oshkosh Corp. (NYSE: OSK) with a 1.47% weight, Packaging Corp. of America (NYSE: PKG) with a 1.29% weight, Parker-Hannifin Corp. (NYSE: PH) with a 1.48% weight, Pool Corp. (Nasdaq: POOL) with a 2.02% weight, Ralph Lauren Corp. (NYSE: RL) with a 1.43% weight, Raymond James Financial, Inc. (NYSE: RJF) with a 2.42% weight, Regions Financial Corp. (NYSE: RF) with a 2.32% weight, Republic Services, Inc. (NYSE: RSG) with a 1.86% weight, Rockwell Automation, Inc. (NYSE: ROK) with a 1.74% weight, Roper Technologies, Inc. (NYSE: ROP) with a 1.58% weight, Silgan Holdings Inc. (Nasdaq: SLGN) with a 0.36% weight, Stericycle, Inc. (Nasdaq: SRCL) with a 0.51% weight, Sylvamo Corp. (NYSE: SLVM) with a 0.07% weight, Sysco Corp. (NYSE: SYY) with a 1.35% weight, Gap, Inc. (NYSE: GPS) with a 1.31% weight, Mosaic Co. (NYSE: MOS) with a 1.63% weight, PNC Financial Services Group, Inc. (NYSE: PNC) with a 2.29% weight, Timken Co. (NYSE: TKR) with a 1.23% weight, Wendy’s Co. (Nasdaq: WEN) with a 1.40% weight, United Rentals, Inc. (NYSE: URI) with a 1.72% weight, Univar Solutions Inc. (NYSE: UNVR) with a 0.48% weight, US Foods Holding Corp. (NYSE: USFD) with a 1.35% weight, V.F. Corp. (NYSE: VFC) with a 1.17% weight, WestRock Co. (NYSE: WRK) with a 1.41% weight, Xylem Inc. (NYSE: XYL) with a 1.67% weight
Amount:	$12.91 million
Maturity:	Dec. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; full exposure to losses
Initial prices:	$127.45 for AGCO, $36.55 for Allison, $66.95 for ADM, $112.41 for Armstrong, $108.17 for Ashland, $129.02 for AutoNation, $1,911.84 for AutoZone, $47.05 for BofA, $270.66 for Burlington, $108.36 for Carter’s, $207.71 for Caterpillar, $167.42 for Celanese, $1,839.38 for Chipotle, $49.95 for Citizens, $106.89 for Clean Harbors, $52.17 for Colfax, $228.82 for Constellation, $361.15 for Deere, $517.32 for Domino’s, $172.74 for Eaton, $44.62 for Fifth Third, $130.00 for Floor & Décor, $106.35 for FMC, $16.59 for Gates Industrial, $137.01 for Genuine Parts, $77.68 for Graco, $17.75 for Hanesbrands, $222.47 for Honeywell, $190.41 for Huntington Ingalls, $33.31 for Huntsman, $234.61 for IDEX, $239.02 for Illinois Tool, $49.45 for International Paper, $103.85 for ITT, $145.44 for Jacobs, $78.33 for Johnson Controls, $166.56 for JPMorgan, $461.96 for lululemon, $67.24 for Masco, $252.94 for McDonald’s, $64.15 for MetLife, $100.21 for Morgan Stanley $63.73 for Olin, $649.76 for O’Reilly, $115.02 for Oshkosh, $134.82 for Packaging, $328.33 for Parker-Hannifin, $569.88 for Pool, $125.03 for Ralph Lauren, $99.34 for Raymond James, $24.24 for Regions, $135.26 for Republic, $335.06 for Rockwell, $485.63 for Roper, $42.72 for Silgan, $62.26 for Stericycle, $31.96 for Sylvamo, $76.43 for Sysco, $24.84 for Gap, $37.89 for Mosaic, $204.82 for PNC, $77.43 for Timken, $21.94 for Wendy’s, $384.29 for United Rentals, $28.96 for Univar, $34.51 for US Foods, $77.26 for V.F., $49.13 for WestRock, $129.47 for Xylem
Pricing date:	Nov. 15, 2021
Settlement date:	Nov. 22, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	0.85%
Cusip:	362273BQ6

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