Goldman Sachs to price 1% CDs due 2022 linked to GS Momentum Builder

By Marisa Wong

Morgantown, W.Va., Sept. 14 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Sept. 25, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable monthly.

If the index return is greater than 7%, the payout at maturity will be par plus 1.25 times the amount by which the index return exceeds 7%. If the index return is 7% or less, the payout will be par. In each case, investors will also receive the final coupon.

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

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

The Cusip number is 38148DCZ5.

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