By William Gullotti
Buffalo, N.Y., March 3 – GS Finance Corp. priced $2.7 million of 0% buffered digital equity-linked notes due March 29, 2023 linked to the stock performance of Roblox Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above buffer level, 80% of initial level, the payout at maturity will be par plus 42.1%.
Otherwise, investors will lose 1.25% for every 1% that the stock declines below the buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital equity-linked notes
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| Underlying stock: | Roblox Corp.
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| Amount: | $2.7 million
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| Maturity: | March 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above buffer level, par plus 42.1%; otherwise, 1.25% loss for every 1% of stock decline below the buffer
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| Initial stock level: | $50.05
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| Buffer level: | 80% of initial level
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| Pricing date: | Feb. 25
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| Settlement date: | March 4
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 40057LC33
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