GS Finance to price five-year digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 21 – GS Finance Corp. plans to price 0% digital notes due Feb. 27, 2023 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 index return is at least negative 20%, the payout at maturity will be the maximum settlement amount of $1,295 per $1,000 principal amount. Otherwise, investors will lose 1.4286% for every 1% decline in the index beyond 30%.

Goldman, Sachs & Co. is the underwriter.

The notes will price on Feb. 22.

The Cusip number is 40055AMT1.

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