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Goldman Sachs to price CDs linked to Euro Stoxx 50 with 40% to 45% cap
By Marisa Wong
Morgantown, W.Va., March 10 – Goldman Sachs Bank USA plans to price 0% equity-linked certificates of deposit due Sept. 25, 2023 linked to the Euro Stoxx 50 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return that is expected to be 40% to 45% and will be set at pricing. 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 March 18.
The Cusip number is 38148DHD9.
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