By Wendy Van Sickle
Columbus, Ohio, March 27 – GS Finance Corp. priced $1 million of 0% digital index-linked notes March 23, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to the buffer level, 80% of its initial level, the payout at maturity will be par plus 30.5%.
Otherwise, investors will lose 1% for every 1% that the index declines from the initial level.
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 index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,000,000
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Maturity: | March 23, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to 80% trigger level, par plus 30.5%; 1% loss for every 1% that index declines from initial level
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Initial index level: | 5,241.53
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Trigger level: | 80% of initial level
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Pricing date: | March 21
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Settlement date: | March 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057YN74
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