Goldman Sachs plans to price seven-year CDs linked to index basket

By Susanna Moon

Chicago, Aug. 1 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due Sept. 1, 2020 linked to a basket of equally weighted indexes, according to a term sheet.

The indexes are the Euro Stoxx 50 index, the MSCI Taiwan index, the S&P/TSX 60 index and the Dow Jones industrial average.

The payout at maturity will be par plus any basket gain, with a minimum return of 4% to 6%. The exact deal terms, including the minimum return, will be set at pricing.

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

The CDs are expected to price on Aug. 27 and settle on Aug. 30.

The Cusip number is 38147JKD3.

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