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Goldman Sachs to price CDs linked to Euro Stoxx 50 with 80% to 90% cap
By Angela McDaniels
Tacoma, Wash., Feb. 10 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Feb. 27, 2024 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 payout that is expected to be $1,800 to $1,900 per $1,000 face amount of CDs and will be set at pricing. 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 are expected to price Feb. 22.
The Cusip number is 38148DRT3.
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