Goldman to price 7.5-year CDs linked to the Dow with 80% to 85% cap

By Marisa Wong

Morgantown, W.Va., June 13 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Dec. 31, 2025 linked to the Dow Jones industrial average, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus the index return, capped at 80% to 85%. 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 will price June 25.

The Cusip number is 38148RF99.

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