Chicago, Feb. 16 – GS Finance Corp. priced $800,000 of 0% digital notes due Jan. 28, 2025 linked to the two-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
At maturity, investors will receive par plus 15% if the rate ends above 2.585%.
If the final reference rate is less than 2.585%, investors will love 1.6363% for each 1% decline below 2.585%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying rate: | Two-year U.S. dollar SOFR ICE swap rate
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Amount: | $800,000
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Maturity: | Jan. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 15% if reference rate finishes above 2.585%; otherwise, 1.6363% for each 1% decline below 2.585%
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Initial rate: | 4.23%
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Threshold level: | 2.585%
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Threshold amount: | 38.889%
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Buffer rate: | 163.63%
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Pricing date: | Jan. 11
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Settlement date: | Jan. 16
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057XUK9
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