Goldman to price contingent coupon CDs tied to GS Momentum Builder

By Angela McDaniels

Tacoma, Wash., July 13 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due July 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest will be payable monthly. If the index return is positive, the interest rate will be 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 positive, the interest rate will be zero.

The payout at maturity will be par.

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

The CDs are expected to price July 28 and settle July 31.

The Cusip number is 38148DBM5.

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