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Goldman Sachs plans to price 1% CDs linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., July 13 – Goldman Sachs Bank USA plans to price 1% 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 greater than 7%, the payout at maturity will be par plus 1.05 to 1.2 times the amount by which the index return exceeds 7%. The exact participation rate will be set at pricing. If the index return is 7% or less, the payout 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 38148DBL7.
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