By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $1.78 million of 0% buffered digital index-linked notes due Jan. 23, 2026 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 its buffer value, 85% of its initial level, the payout at maturity will be par plus the 13.5% digital payment.
If the index declines by more than 15% but finishes at or above its 70% threshold level, the payout will be par plus the digital payment minus 1% for every 1% that the index declines beyond 15%.
Otherwise, investors will lose 1% for every 1% that the index falls below its buffer value.
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: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,778,000
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Maturity: | Jan. 23, 2026
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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 or equal to the buffer value, par plus 13.5%; if the index falls by more than 15% but finishes at or above threshold level, par plus 13.5% less 1% for every 1% that the index declines beyond 15%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial index level: | 4,839.81
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Threshold level: | 70% of initial level
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Buffer value: | 85% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057XWN1
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