Goldman Sachs to price variable-coupon CDs tied to GS Momentum Builder

By Angela McDaniels

Tacoma, Wash., Jan. 9 – Goldman Sachs Bank USA plans to price variable-coupon certificates of deposit due Jan. 27, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable annually. The interest rate will be the index return divided by the number of coupon payment dates that have occurred up to and including the current coupon payment date, subject to a minimum coupon rate that is expected to be 0.75% to 1% and will be set at pricing.

The payout at maturity will be par.

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

The CDs are expected to price Jan. 26 and settle Jan. 29.

The Cusip number is 38148D4K7.

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