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Goldman Sachs plans seven-year CDs linked to Morningstar Wide Moat
By Susanna Moon
Chicago, Feb. 4 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due Feb. 27, 2020 linked to the Morningstar Wide Moat Focus Target Volatility 20 index, according to a term sheet.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The index allocates exposure between the Morningstar Wide Moat Focus Total Return index (the base index) and a hypothetical cash position based on the volatility of the base index over the prior 20 or 60 trading days, whichever is greater, less Libor.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 22 and settle on Feb. 27.
The Cusip number is 38143A5Y7.
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