Published on 12/26/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $500,000 leveraged basket-linked notes on 37 stocks
By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $1 million of 0% leveraged basket-linked notes due Jan. 5, 2022 linked to a basket of 21 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of 3M Co. (1.54% weight), Aflac Inc. (3.23%weight), Air Products and Chemicals, Inc. (3.26% weight), American Express Co. (3.44% weight), BlackRock, Inc. (3.7%weight), Cardinal Health, Inc. (2.62% weight), Colgate-Palmolive Co. (2.93% weight), Dover Corp. (2.87% weight), Eastman Chemical Co. (3.27% weight), Eaton Corp. plc (1.96% weight), Eli Lilly and Co. (2.4% weight), Emerson Electric Co. (2.99% weight), General Dynamics Corp. (1.43% weight), General Mills, Inc. (2.62% weight), Hasbro, Inc. (2.5% weight), Honeywell International Inc. (1.87% weight), Illinois Tool Works Inc. (1.77% weight), International Business Machines Corp. (2.49% weight), Johnson & Johnson (2.58% weight) Kellogg Co. (2.48% weight), Kimberly-Clark Corp. (2.53% weight), Maxim Integrated Products, Inc. (2.98% weight), Medtronic plc (3% weight) Merck & Co., Inc. (2.45% weight), PepsiCo, Inc. (2.71% weight), PPG Industries, Inc. (4.15% weight), Quest Diagnostics Inc. (3.78% weight), Republic Services, Inc. (2.45% weight), Rockwell Automation, Inc. (2.03% weight), Stanley Black & Decker, Inc. (2.39% weight), Target Corp. (4.28%weight), Clorox Co. (2.65% weight), Coca Cola Co. (2.81% weight), United Parcel Service, Inc. (2.16% weight), Walmart Inc. (2.97% weight), Waste Management, Inc. (1.62%. weight) and W.W. Grainger, Inc. (3.09% weight).
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return up to $1,129 for each $1,000 note.
If the basket declines, the payout will be par plus the return of the basket with full exposure to the decline.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged basket-linked notes
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| Underlying stocks: | 3M Co. (1.54% weight), Aflac Inc. (3.23%weight), Air Products and Chemicals, Inc. ((3.26% weight), American Express Co. (3.44% weight), BlackRock, Inc. (3.7%weight), Cardinal Health, Inc. (2.62% weight), Colgate-Palmolive Co. (2.93% weight), Dover Corp. (2.87% weight), Eastman Chemical Co. (3.27% weight), Eaton Corp. plc (1.96% weight), Eli Lilly and Co. (2.4% weight), Emerson Electric Co. (2.99% weight), General Dynamics Corp. (1.43% weight), General Mills, Inc. (2.62% weight), Hasbro, Inc. (2.5% weight), Honeywell International Inc. (1.87% weight), Illinois Tool Works Inc. (1.77% weight), International Business Machines Corp. (2.49% weight), Johnson & Johnson (2.58% weight) Kellogg Co. (2.48% weight), Kimberly-Clark Corp. (2.53% weight), Maxim Integrated Products, Inc. (2.98% weight), Medtronic plc (3% weight) Merck & Co., Inc. (2.45% weight), PepsiCo, Inc. (2.71% weight), PPG Industries, Inc. (4.15% weight), Quest Diagnostics Inc. (3.78% weight), Republic Services, Inc. (2.45% weight), Rockwell Automation, Inc. (2.03% weight), Stanley Black & Decker, Inc. (2.39% weight), Target Corp. (4.28%weight), Clorox Co. (2.65% weight), Coca Cola Co. (2.81% weight), United Parcel Service, Inc. (2.16% weight), Walmart Inc. (2.97% weight), Waste Management, Inc. (1.62%. weight) and W.W. Grainger, Inc. (3.09% weight)
|
| Amount: | $500,000
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| Maturity: | Jan. 5, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.5 times the basket return up to $1,129 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
|
| Pricing date: | Dec. 3
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| Settlement date: | Dec. 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.91%
|
| Cusip: | 40057EPR2
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