Goldman Sachs plans seven-year 0% CDs linked to index basket

By Toni Weeks

San Luis Obispo, Calif., March 4 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due March 26, 2020 linked to a basket of equally weighted indexes, according to a term sheet.

The underlying indexes are the Euro Stoxx 50 index, the MSCI Taiwan index, the S&P/TSX 60 index and the Dow Jones industrial average.

The payout at maturity will be par plus any basket gain. If the basket falls, the payout will be par.

The final basket level will be the average of the basket closing levels on each averaging date. The averaging dates will be the 24th of each March, June, September and December from June 2013 through March 2020.

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

The notes will price March 22 and settle March 27.

The Cusip number is 38147JAY8.

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