Goldman plans 2.25% CDs due 2025 on GS Momentum Builder Multi-Asset

By Sarah Lizee

Olympia, Wash., Dec. 5 – Goldman Sachs Bank USA plans to price 2.25% certificates of deposit due Dec. 22, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

Interest will be payable quarterly.

If the index return is greater than 115.75% of the initial level, the payout will be two times the return minus 15.75%.

Otherwise, the payout will be par.

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

The CDs will price Dec. 21.

The Cusip number is 38148RS79.

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