Goldman Sachs Bank plans to price CDs due 2026 linked to the Dow

By Sarah Lizee

Olympia, Wash., Dec. 5 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due June 25, 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 return, capped at par plus 100% to 110%.

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 Dec. 20.

The Cusip number is 38148RQX4.

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