Goldman Sachs Bank to price CDs due 2022 linked to GS Momentum Builder

By Wendy Van Sickle

Columbus, Ohio, July 11 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due April 29, 2022 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 100% to 110% of the index return. The exact participation rate will be set at pricing. 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 July 29.

The Cusip number is 38148DKX1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.