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Goldman Sachs Bank plans CDs due 2019 linked to Momentum Builder
By Jennifer Chiou
New York, March 6 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Dec. 30, 2019 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
The CDs (Cusip: 38148D5U4) are expected to price March 25 and settle March 30.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
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