Goldman Sachs to price seven-year CDs linked to basket of indexes

By Toni Weeks

San Diego, Feb. 29 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due 2019 linked to a basket of indexes, according to a term sheet.

The equally weighted basket components are the Euro Stoxx 50 index, the S&P 500 index, the S&P/TSX 60 index and the Topix.

The final basket level will be the average of the basket's closing levels on each of the semiannual averaging dates. The first averaging date is expected to fall in September 2012.

If the basket return is positive, the payout at maturity will be par plus the basket return. If the basket return is zero or negative, investors will receive par.

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

The Cusip number is 38143ALM5.

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