Goldman Sachs plans contingent coupon CDs on GS Momentum Builder

By Toni Weeks

San Luis Obispo, Calif., March 6 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due March 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

The CDs may pay a monthly coupon based on the performance of the index as measured from the pricing date to each applicable coupon determination date. If the index return for the applicable interest period is positive, the coupon will equal par plus the index return divided by the number of coupon payment dates that have occurred up to and including the relevant coupon payment date. If the index return is zero or negative, the coupon will be zero. Interest, if any, is payable monthly.

The payout at maturity will be par.

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

The CDs are expected to price March 25 and settle March 30.

The Cusip number is 38148D5W0.

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