Goldman Sachs plans CDs due June 2020 linked to Morningstar Wide Moat

By Marisa Wong

Madison, Wis., June 3 - Goldman Sachs Bank USA amended the maturity, pricing and settlement dates of its planned 0% certificates of deposit linked to the Morningstar Wide Moat Focus Target Volatility 5 index, according to a term sheet.

The CDs (Cusip: 38147JEF5) are now expected to mature on June 29, 2020 and will price on June 24 and settle on June 27. The previous maturity date was May 29, 2020, and the pricing and settlement dates were May 24 and May 30, respectively.

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. Incapital LLC is the distributor.

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