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Goldman Sachs Bank plans CDs due 2020 linked to basket of indexes
By Jennifer Chiou
New York, June 9 – Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due Dec. 30, 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 8.5% to 9.5%.
The basket return will be averaged semiannually on the 24th of each June and December beginning on Dec. 24, 2014.
There is a survivor put.
The CDs (Cusip: 38147JE65) will price on June 24 and settle on June 27.
Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.
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