Goldman Sachs Bank plans to price six-year CDs linked to the Dow

By Toni Weeks

San Luis Obispo, Calif., May 5 - Goldman Sachs Bank USA plans to price 0% equity-linked certificates of deposit due May 28, 2020 linked to the Dow Jones industrial average, according to a term sheet.

The payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.

The final index level will be the average of the index levels on each quarterly averaging date during the life of the CDs.

The exact terms will be set at pricing.

The CDs (Cusip: 38147JZL9) will price May 22 and settle May 28.

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

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