By Susanna Moon
Chicago, April 24 – GS Finance Corp. priced $1.09 million of 0% buffered digital notes due Oct. 23, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its 90% threshold level, the payout at maturity will be the greater of par plus any gain and the threshold settlement amount of $1,165 per $1,000 principal amount.
If the index falls between 10% and 25%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the 25% buffer.
Goldman Sachs & Co. LLC is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500
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| Amount: | $1,085,000
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| Maturity: | Oct. 23, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by up to 10%, par plus greater of return and 16.5%; if index falls between 10% and 25%, par; otherwise, 1% loss per 1% drop beyond 25%
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| Initial level: | 2,708.64
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| Pricing date: | April 18
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| Settlement date: | April 23
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.95%
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| Cusip: | 40055AYB7
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