Goldman plans variable coupon CDs on GS Momentum Builder Multi-Asset

By Marisa Wong

Morgantown, W.Va., May 14 – Goldman Sachs Bank USA plans to price variable-coupon certificates of deposit due May 30, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

Interest will be payable annually. The interest rate will be the index return divided by the number of coupon payment dates that have occurred up to and including the relevant coupon payment date, subject to a minimum interest rate of 1.5% per year.

The payout at maturity will be par plus the final coupon.

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

The CDs will price May 24.

The Cusip number is 38148REP4.

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