Goldman Sachs to price CDs with 47%-55% cap linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 21 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Oct. 29, 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 47% to 55%. If the index return is zero or negative, the payout will be par.

Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.

The CDs are expected to price April 24.

The Cusip number is 38148DTE4.

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