New Issue: GS Finance sells $830,000 leveraged basket-linked notes on 103 stocks

By Sarah Lizee

Olympia, Wash., Sept. 4 – GS Finance Corp. priced $830,000 of 0% leveraged basket-linked notes due Oct. 4, 2021 linked to an unequally weighted basket of 103 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Abiomed, Inc. (1.25% weight), Advanced Energy Industries, Inc. (0.84% weight), Affiliated Managers Group, Inc. (1.02% weight), Air Products and Chemicals, Inc. (1.25% weight), Albemarle Corp. (1.18% weight), Alliant Energy Corp. (0.32% weight), Amdocs Ltd. (1% weight), Ameriprise Financial, Inc. (1.07% weight), Amkor Technology, Inc. (0.69% weight), Analog Devices, Inc. (0.96% weight), Aptiv plc (1.12% weight), Arch Capital Group Ltd. (1.13% weight), Artisan Partner Asset Management Inc. (0.77% weight), Avient Corp. (0.87% weight), Avnet, Inc. (1.02% weight), Axis Capital Holdings Ltd. (1.05% weight), Bank of New York Mellon Corp. (1.01% weight), Booking Holdings Inc. (1.11% weight), Bristol-Myers Squibb Co. (1.05% weight), Celanese Corp. (1.14% weight), Charles River Laboratories International, Inc. (1.17% weight), Chimera Investment Corp. (0.59% weight), Chubb Ltd. (1.1% weight), Cimpress NV (0.89% weight), CNX Resources Corp. (1.14% weight), Compass Minerals International Inc. (0.64% weight), Corning Inc. (1.18% weight), Danaher Corp. (1.17% weight), Darden Restaurants, Inc. (1.05% weight), Darling Ingredients Inc. (1.15% weight), Dentsply Sirona Inc. (1.03% weight), Diodes Inc. (0.53% weight), Dover Corp. (1.15% weight), DXC Technology Co. (1.14% weight), Eaton Corp. plc (1.1% weight), eBay Inc. (1.09% weight), Eli Lilly and Co. (1% weight), Extended Stay America, Inc. (0.39% weight), Fabrinet (1% weight), First Financial Bankshares, Inc. (0.9% weight), First Horizon National Corp. (1.06% weight), FMC Corp. (1.12% weight), Garmin Ltd. (1.06% weight), General Motors Co. (1.1% weight), Genpact Ltd. (1.08% weight), Glacier Bancorp, Inc. (1.09% weight), Hartford Financial Services Group, Inc. (0.61% weight), Hasbro, Inc. (1.14% weight), Idacorp, Inc. (1.11% weight), IHS Markit Ltd. (1.11% weight), II-VI Inc. (0.96% weight), Ingersoll Rand Inc. (1.06% weight), Intel Corp. (1.06% weight), Interactive Brokers Group, Inc. (1.25% weight), International Business Machines Corp. (1.09% weight), ITT Inc. (1.06% weight), Lear Corp. (1.13% weight), Leidos Holdings, Inc. (1.02% weight), Markel Corp. (1.13% weight), McCormick & Co., Inc. (1.12% weight), Medtronic plc (1.09% weight), Mercury General Corp. (0.55% weight), Mercury Systems, Inc. (1.01% weight), MetLife, Inc. (1.11% weight), Mettler-Toledo International Inc. (1.15% weight), Moelis & Co. (0.94% weight), Molson Coors Beverage Co. (0.1% weight), Morgan Stanley (1.08% weight), National General Holdings Corp. (0.38% weight), NIKE, Inc. (1.06% weight), OneSpan, Inc. (0.42% weight), Oracle Corp. (1.04% weight), Owens Corning (1.14% weight), Patrick Industries, Inc. (0.68% weight), PPG Industries, Inc. (1.09% weight), PPL Corp. (1.04% weight), Principal Financial Group, Inc. (1.16% weight), Prudential Financial, Inc. (0.9% weight), PVH Corp. (1.15% weight), Qualcomm Inc. (1.02% weight), Qualys, Inc. (0.6% weight), RenaissanceRe Holdings Ltd. (1.08% weight), Repligen Corp. (1.18% weight), ResMed Inc. (1.11% weight), Rexnord Corp. (1.1% weight), Rockwell Automation, Inc. (1.11% weight), Rogers Corp. (0.56% weight), Sanmina Corp. (0.51% weight), Selective Insurance Group, Inc. (0.65% weight), Sempra Energy (1.14% weight), South Jersey Industries, Inc. (0.59% weight), Stanley Black & Decker, Inc. (1.12% weight), Starwood Property Trust, Inc. (0.4% weight), Stryker Corp. (1.13% weight), Synopsys, Inc. (1.04% weight), Taylor Morrison Home Corp. (1.37% weight), Teledyne Technologies Inc. (1.08% weight), Coca Cola Co. (1.11% weight), Kraft Heinz Co. (1.13% weight), Procter & Gamble Co. (1.1% weight), Thermo Fisher Scientific Inc. (0.08% weight), VeriSign, Inc. (1.01% weight) and Western Alliance Bancorp (1.07% weight).

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return up to $1,198 for each $1,000 note.

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

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged basket-linked notes
Underlying stocks:	Abiomed, Inc. (1.25% weight), Advanced Energy Industries, Inc. (0.84% weight), Affiliated Managers Group, Inc. (1.02% weight), Air Products and Chemicals, Inc. (1.25% weight), Albemarle Corp. (1.18% weight), Alliant Energy Corp. (0.32% weight), Amdocs Ltd. (1% weight), Ameriprise Financial, Inc. (1.07% weight), Amkor Technology, Inc. (0.69% weight), Analog Devices, Inc. (0.96% weight), Aptiv plc (1.12% weight), Arch Capital Group Ltd. (1.13% weight), Artisan Partner Asset Management Inc. (0.77% weight), Avient Corp. (0.87% weight), Avnet, Inc. (1.02% weight), Axis Capital Holdings Ltd. (1.05% weight), Bank of New York Mellon Corp. (1.01% weight), Booking Holdings Inc. (1.11% weight), Bristol-Myers Squibb Co. (1.05% weight), Celanese Corp. (1.14% weight), Charles River Laboratories International, Inc. (1.17% weight), Chimera Investment Corp. (0.59% weight), Chubb Ltd. (1.1% weight), Cimpress NV (0.89% weight), CNX Resources Corp. (1.14% weight), Compass Minerals International Inc. (0.64% weight), Corning Inc. (1.18% weight), Danaher Corp. (1.17% weight), Darden Restaurants, Inc. (1.05% weight), Darling Ingredients Inc. (1.15% weight), Dentsply Sirona Inc. (1.03% weight), Diodes Inc. (0.53% weight), Dover Corp. (1.15% weight), DXC Technology Co. (1.14% weight), Eaton Corp. plc (1.1% weight), eBay Inc. (1.09% weight), Eli Lilly and Co. (1% weight), Extended Stay America, Inc. (0.39% weight), Fabrinet (1% weight), First Financial Bankshares, Inc. (0.9% weight), First Horizon National Corp. (1.06% weight), FMC Corp. (1.12% weight), Garmin Ltd. (1.06% weight), General Motors Co. (1.1% weight), Genpact Ltd. (1.08% weight), Glacier Bancorp, Inc. (1.09% weight), Hartford Financial Services Group, Inc. (0.61% weight), Hasbro, Inc. (1.14% weight), Idacorp, Inc. (1.11% weight), IHS Markit Ltd. (1.11% weight), II-VI Inc. (0.96% weight), Ingersoll Rand Inc. (1.06% weight), Intel Corp. (1.06% weight), Interactive Brokers Group, Inc. (1.25% weight), International Business Machines Corp. (1.09% weight), ITT Inc. (1.06% weight), Lear Corp. (1.13% weight), Leidos Holdings, Inc. (1.02% weight), Markel Corp. (1.13% weight), McCormick & Co., Inc. (1.12% weight), Medtronic plc (1.09% weight), Mercury General Corp. (0.55% weight), Mercury Systems, Inc. (1.01% weight), MetLife, Inc. (1.11% weight), Mettler-Toledo International Inc. (1.15% weight), Moelis & Co. (0.94% weight), Molson Coors Beverage Co. (0.1% weight), Morgan Stanley (1.08% weight), National General Holdings Corp. (0.38% weight), NIKE, Inc. (1.06% weight), OneSpan, Inc. (0.42% weight), Oracle Corp. (1.04% weight), Owens Corning (1.14% weight), Patrick Industries, Inc. (0.68% weight), PPG Industries, Inc. (1.09% weight), PPL Corp. (1.04% weight), Principal Financial Group, Inc. (1.16% weight), Prudential Financial, Inc. (0.9% weight), PVH Corp. (1.15% weight), Qualcomm Inc. (1.02% weight), Qualys, Inc. (0.6% weight), RenaissanceRe Holdings Ltd. (1.08% weight), Repligen Corp. (1.18% weight), ResMed Inc. (1.11% weight), Rexnord Corp. (1.1% weight), Rockwell Automation, Inc. (1.11% weight), Rogers Corp. (0.56% weight), Sanmina Corp. (0.51% weight), Selective Insurance Group, Inc. (0.65% weight), Sempra Energy (1.14% weight), South Jersey Industries, Inc. (0.59% weight), Stanley Black & Decker, Inc. (1.12% weight), Starwood Property Trust, Inc. (0.4% weight), Stryker Corp. (1.13% weight), Synopsys, Inc. (1.04% weight), Taylor Morrison Home Corp. (1.37% weight), Teledyne Technologies Inc. (1.08% weight), Coca Cola Co. (1.11% weight), Kraft Heinz Co. (1.13% weight), Procter & Gamble Co. (1.1% weight), Thermo Fisher Scientific Inc. (0.08% weight), VeriSign, Inc. (1.01% weight) and Western Alliance Bancorp (1.07% weight)
Amount:	$830,000
Maturity:	Oct. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times the basket return up to $1,198 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
Pricing date:	Aug. 31
Settlement date:	Sept. 8
Agent:	Goldman Sachs & Co. LLC
Fees:	0.92%
Cusip:	40057CHS3

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