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Goldman Sachs Bank plans 0.25% CDs tied to GS Momentum Builder
By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – Goldman Sachs Bank USA plans to price 0.25% certificates of deposit due Aug. 28, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
Interest will be payable monthly.
If the index return is greater than 1.75%, the payout at maturity will be par plus 1.05% to 1.15% for every 1% that the index return exceeds 1.75%, with the exact participation rate to be set at pricing. If the index return is less than or equal to 1.75%, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs are expected to price Aug. 26.
The Cusip number is 38148DM43.
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