Published on 10/1/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.26 million leveraged basket-linked notes on 38 stocks
By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – GS Finance Corp. priced $1.26 million of 0% leveraged basket-linked notes due Oct. 20, 2021 linked to an unequally weighted basket of 38 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Aramark (2.64% weight), American Express Co. (2.64% weight), Bloomin’ Brands, Inc. (2.64% weight), Cracker Barrel Old Country Store, Inc. (2.64% weight), Chipotle Mexican Grill, Inc. (2.64% weight), Capital One Financial Corp. (2.64% weight), Delta Air Lines, Inc. (2.64% weight), Discover Financial Services (2.63% weight), D.R. Horton, Inc. (2.63% weight), Darden Restaurants, Inc. (2.63% weight), Foot Locker, Inc. (2.63% weight), Home Depot, Inc. (2.63% weight), Hilton Worldwide Holdings Inc. (2.63% weight), Nordstrom, Inc. (2.63% weight), Lennar Corp. (2.63% weight), Lowe’s Cos., Inc. (2.63% weight), lululemon atheltica inc. (2.63% weight), Southwest Airlines Co. (2.63% weight), Las Vegas Sands Corp. (2.63% weight), Mastercard Inc. (2.63% weight), Marriott International, Inc. (2.63% weight), McDonald’s Corp. (2.63% weight), MGM Resorts International (2.63% weight), MGIC Investment Corp. (2.63% weight), NIKE, Inc. (2.63% weight), NVR, Inc. (2.63% weight), Penn National Gaming, Inc. (2.63% weight), PennyMac Financial Services, Inc. (2.63% weight), PulteGroup, Inc. (2.63% weight), Planet Fitness, Inc. (2.63% weight), Radian Group Inc. (2.63% weight), RH (2.63% weight), Starbucks Corp. (2.63% weight), Sherwin-Williams Co. (2.63% weight), Synchrony Financial (2.63% weight), Toll Brothers, Inc. (2.63% weight), Visa Inc. (2.63% weight) and Whirlpool Corp. (2.63% weight).
If the basket return is positive, the payout at maturity will be par plus 3 times the basket return up to $1,178.50 for each $1,000 note.
If the basket declines, the payout will be par plus the return of the basket.
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: | Leveraged basket-linked notes
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Underlying stocks: | Aramark (2.64% weight), American Express Co. (2.64% weight), Bloomin’ Brands, Inc. (2.64% weight), Cracker Barrel Old Country Store, Inc. (2.64% weight), Chipotle Mexican Grill, Inc. (2.64% weight), Capital One Financial Corp. (2.64% weight), Delta Air Lines, Inc. (2.64% weight), Discover Financial Services (2.63% weight), D.R. Horton, Inc. (2.63% weight), Darden Restaurants, Inc. (2.63% weight), Foot Locker, Inc. (2.63% weight), Home Depot, Inc. (2.63% weight), Hilton Worldwide Holdings Inc. (2.63% weight), Nordstrom, Inc. (2.63% weight), Lennar Corp. (2.63% weight), Lowe’s Cos., Inc. (2.63% weight), lululemon atheltica inc. (2.63% weight), Southwest Airlines Co. (2.63% weight), Las Vegas Sands Corp. (2.63% weight), Mastercard Inc. (2.63% weight), Marriott International, Inc. (2.63% weight), McDonald’s Corp. (2.63% weight), MGM Resorts International (2.63% weight), MGIC Investment Corp. (2.63% weight), NIKE, Inc. (2.63% weight), NVR, Inc. (2.63% weight), Penn National Gaming, Inc. (2.63% weight), PennyMac Financial Services, Inc. (2.63% weight), PulteGroup, Inc. (2.63% weight), Planet Fitness, Inc. (2.63% weight), Radian Group Inc. (2.63% weight), RH (2.63% weight), Starbucks Corp. (2.63% weight), Sherwin-Williams Co. (2.63% weight), Synchrony Financial (2.63% weight), Toll Brothers, Inc. (2.63% weight), Visa Inc. (2.63% weight) and Whirlpool Corp. (2.63% weight)
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Amount: | $1,255,000
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Maturity: | Oct. 20, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 3 times the basket return up to $1,178.50 for each $1,000 note; if the basket declines par plus the return of the basket
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Pricing date: | Sept. 18
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Settlement date: | Sept. 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.91%
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Cusip: | 40057CUS8
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