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Goldman Sachs to price CDs with 35%-50% cap linked to S&P 500
By Marisa Wong
Morgantown, W.Va., March 7 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due April 1, 2024 linked to the S&P 500 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 35% to 40%. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs are expected to price March 27.
The Cusip number is 38148DSF2.
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