Goldman Sachs Bank plans CDs due 2021 linked to Momentum Builder

By Marisa Wong

Madison, Wis., April 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Feb. 1, 2021 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 125% 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 38148D6N9.

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