By Kiku Steinfeld
Chicago, Nov. 19 – GS Finance Corp. priced $1 million of 0% digital notes due Aug. 2, 2023 linked to the Nasdaq-100 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 equal to or greater than 85% of the initial level, the payout at maturity will be par plus 14%.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1 million
|
| Maturity: | Aug. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than 85% of the initial level, par plus 14%; otherwise, 1% loss for every 1% decline of the index from its initial level
|
| Initial index level: | 14,959.90
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 6
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057HXZ8
|
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