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Goldman Sachs plans to price leveraged CDs linked to Dow
By Angela McDaniels
Tacoma, Wash., Oct. 15 – Goldman Sachs Bank USA plans to price 0% leveraged certificates of deposit due May 1, 2023 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 1.1 times the index return, subject to a maximum payout of $1,450 per $1,000 face amount of CDs. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is distributor.
The CDs are expected to price Oct. 26.
The Cusip number is 38148DE59.
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