Goldman Sachs Bank plans six-year deposit notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 4 - Goldman Sachs Bank USA plans to price six-year 0% equity index-linked deposit notes tied to the S&P 500 index, according to a term sheet. The notes will be guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus the index return, subject to a maximum payout of $1,400 to $1,450 per $1,000 principal amount and a floor of par. The exact cap will be set at pricing.

The notes are expected to price Jan. 25 and settle Jan. 29.

Goldman, Sachs & Co. is the underwriter. Incapital LLC is the distributor.

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