Goldman Sachs to price CDs linked to Euro Stoxx with 85% to 100% cap

By Marisa Wong

Morgantown, W.Va., Oct. 19 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Oct. 30, 2024 linked to the Euro Stoxx 50 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 payout that is expected to be $1,850 to $2,000 per $1,000 face amount of CDs and will be set at pricing. 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 Oct. 25.

The Cusip number is 38148DZE7.

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