Goldman Sachs Bank plans CDs due 2021 on Momentum Builder Multi-Asset

By Toni Weeks

San Luis Obispo, Calif., Sept. 5 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due June 29, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

The index measures the extent to which the performance of up to 15 underlying assets included in the index outperform the sum of Libor plus a daily index fee of 50 basis points. The index rebalances monthly, and sometimes daily, from among 14 ETFs and one money market position that track equities, fixed-income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes.

The payout at maturity will be par plus 200% of the index return. If the index return is zero or negative, investors will receive par.

The CDs (Cusip: 38147J4A7) will price Sept. 24 and settle Sept. 29.

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

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