New Issue: GS Finance sells $5.21 million jump securities on stock basket

By Kiku Steinfeld

Chicago, Sept. 21 – GS Finance Corp. priced $5.21 million of 0% jump securities due Jan. 6, 2023 linked to an equally-weighted basket consisting of the common stocks of DraftKings Inc., Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket’s final level is greater than or equal to its initial level, the payout at maturity will be par of $10 plus 27.85%. Otherwise, investors will lose 1% for every 1% that the basket declines from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as the dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Jump securities
Underlying components:	DraftKings Inc., Amazon.com, Inc. and Apple Inc.; equally weighted
Amount:	$5.21 million
Maturity:	Jan. 6, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the basket’s final level is greater than or equal to the initial level, par plus 27.85%; otherwise, 1% loss for every 1% that the basket declines from its initial level
Initial level:	$52.17 for DraftKings, $3,440.16 for Amazon, $136.96 for Apple
Pricing date:	June 30
Settlement date:	July 6
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	36260Y864

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