Chicago, March 18 – GS Finance Corp. priced $550,000 of 0% digital equity-linked notes due March 19, 2025 linked to the stock performance of Snowflake Inc., 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 barrier level, 80% of initial level, the payout at maturity will be par plus 27.5%.
Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital equity-linked notes
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Underlying stock: | Snowflake Inc.
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Amount: | $550,000
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Maturity: | March 19, 2025
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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 barrier level, par plus 27.5%; otherwise, 1% loss for every 1% of stock decline from the initial level
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Initial stock level: | $188.28
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Barrier level: | 80% of initial level
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1%
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Cusip: | 40057YM91
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