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Goldman plans 1% CDs due 2024 on GS Momentum Builder Multi-Asset
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Jan. 26, 2024 linked to the GS Momentum Builder Multi-Asset 5S 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% to 1.35% for every 1% that the index return exceeds 7%. If the index return is less than or equal to 7%, the payout will be par.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 38148DQX5.
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