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Goldman Sachs Bank plans CDs due 2022 linked to Momentum Builder
By Marisa Wong
Madison, Wis., April 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due May 2, 2022 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 200% of the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.
The CDs will price on April 27 and settle on April 30.
The Cusip number is 38148D6M1.
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