Goldman Sachs Bank plans CDs due 2021 on Momentum Builder index

By Jennifer Chiou

New York, June 9 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due June 28, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable annually.

The index measures the extent to which the performance of up to 15 underlying assets included in the index outperform the sum of Libor plus a daily index fee of 50 basis points. The index rebalances monthly, and sometimes daily, from among 14 ETFs and one money market position that track equities, fixed-income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes.

If the index return is less than 7%, the payout at maturity will be par plus accrued interest. If the return is greater than 7%, investors will receive 1.5 times the gain, minus 7%.

The CDs (Cusip: 38147JF64) will price on June 25 and settle on June 30.

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

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