By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $1.5 million of 0% digital rate-linked notes due Feb. 5, 2025 linked to the one-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.
If the rate finishes at or above its threshold level, 52.905% of initial rate, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1.8902% for every 1% that the rate declines below 47.095%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital rate-linked notes
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| Underlying rate: | One-year U.S. Dollar SOFR ICE Swap Rate
|
| Amount: | $1.5 million
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If rate finishes at or above threshold level, par plus 15%; otherwise, 1.8902% loss for every 1% of rate decline beyond 47.095%
|
| Initial rate: | 4.7122%
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| Threshold level: | 2.493%; 52.905% of initial rate
|
| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057XXF7
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