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Goldman Sachs Bank to price CDs due 2020 linked to index basket
By Marisa Wong
Madison, Wis., Feb. 7 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due Aug. 28, 2020 linked to a basket of indexes, according to a term sheet.
The basket includes the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the S&P MidCap 400 index with a 25% weight.
The payout at maturity will be par plus 50% of the basket return, subject to a minimum return of 6.5% to 7.5%.
The basket return will be averaged on the 25th of each February and August beginning on Aug. 25, 2014.
There is a survivor put.
The CDs (Cusip: 38147JTS1) are expected to price on Feb. 25 and settle on Feb. 28.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
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