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Goldman to price 7.5-year CDs tied to the Dow with 82.5% to 92.5% cap
By Marisa Wong
Morgantown, W.Va., Oct. 23 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due April 30, 2026 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 82.5% to 92.5%. 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 on Oct. 25.
The Cusip number is 38148RLT8.
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