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Goldman Sachs to price CDs with averaging linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due May 30, 2024 linked to the Euro Stoxx 50 index, according to a term sheet.
The final index level will be the average of the index’s closing levels on each of the averaging dates, which are expected to be May 24 of each year beginning May 24, 2017.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is distributor.
The CDs are expected to price May 24.
The Cusip number is 38148DJV7.
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