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Goldman to price 10-year autocallable CDs on GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., March 19 – Goldman Sachs Bank USA plans to price 0% autocallable certificates of deposit due April 10, 2028 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
The notes will be called at par plus an annual call return of 8% if the index closes at or above its call level on any annual review date. The call level will be 103% of the initial level for the March 26, 2019 review date, stepping up by 300 basis points on each subsequent call review date up to 127% of the initial level on the March 29, 2027 review date.
The payout at maturity will be par plus double any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price March 26.
The Cusip number is 38148RBE2.
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