Odds are pretty good..
more than a decade ago I made a somewhat similar shot. Due to the ground blind and the hillside, the deer was actually above me, quartering away. I launched a 125 grain muzzy broad head at him, found no blood, never saw the shaft again...
Two years later, hunting within sight of the original location, I hammered a decent mature buck. On going to retrieve the meat from the processor, I see a whole ribcage on top of my boxes of meat. Processor is all "look at this".
The original archery hit was on target. Instead of punching through the ribs, I suspect my read on the angle was wrong, and the deer was quartering away a bit more than expected. Perhaps it turned some. the broad head tracked OVER the ribs, under the skin and left a very visible old scar track. It continued up and slammed into the vertebrae, burying itself in the 'tab' at the top of one vertebra, where it was now fused in place. Damned deer carried that broad head in his spine for two years...