Goldman Sachs Bank plans certificates of deposit linked to S&P 500

By Jennifer Chiou

New York, Aug. 3 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due 2017 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus the supplemental amount, which will be the greater of the sum of the quarterly index returns and the minimum return of 2%. The valuation dates will occur in February, May, August and November of each year. Any negative quarterly returns will offset positive quarterly returns on the supplemental amount.

The maximum quarterly index return, which will be set at pricing, is expected to by 4%.

There is a survivor put for the CDs (Cusip: 38143AXC4).

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

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