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Goldman plans 1.5% CDs due 2025 on GS Momentum Builder Multi-Asset
By Marisa Wong
Morgantown, W.Va., June 13 – Goldman Sachs Bank USA plans to price 1.5% certificates of deposit due June 26, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
Interest is payable monthly.
If the index return is positive, the payout at maturity will be par plus 1.2 to 1.3 times the index gain. 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 26.
The Cusip number is 38148RFY4.
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