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

By Angela McDaniels

Tacoma, Wash., June 5 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due July 2, 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 the greater of the minimum return and the basket return. The minimum return is expected to be 2% to 3% and will be set at pricing.

The final basket level will be the average of the basket's closing levels on each averaging date. The averaging dates will be the 25th of each March, June, September and December from September 2013 through June 2020.

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

The notes will price June 25 and settle June 28.

The Cusip number is 38147JGC0.

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