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Goldman Sachs to price CDs linked to the Dow with 52% to 60% cap
By Marisa Wong
Morgantown, W.Va., March 19 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Sept. 26, 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 52% to 60%. 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 March 23.
The Cusip number is 38148RAT0.
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