Goldman Sachs Bank plans contingent coupon CDs on GS Momentum Builder

By Marisa Wong

Madison, Wis., Sept. 4 - Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due 2019 linked to the GS Momentum Builder Multi-Asset 2 ER index, according to a term sheet.

The index measures the extent to which the performance of the up to 18 exchange-traded funds included in the index outperform Libor. The index is rebalanced monthly and sometimes daily. The ETFs must outperform Libor for the index level to increase.

Interest is payable in September of each year in an amount equal to the index return from the pricing date to the applicable coupon determination date divided by the number of determination dates that have occurred up to that point, provided that the index return is positive. If the index return is zero or negative, no coupon will be paid that period.

The payout at maturity will be par.

The Cusip number for the CDs is 38143AC45.

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

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