Goldman Sachs Bank plans 1% CDs on Momentum Builder Multi-Asset 5

By Jennifer Chiou

New York, Jan. 9 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Jan. 31, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable annually.

If the index return is greater than 7%, the payout at maturity will be par plus (a) 1.5 times (b) the index return minus 7%. If the index return is 7% or less, the payout will be par.

The CDs (Cusip: 38148D4J0) will price on Jan. 26 and settle on Jan. 29.

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

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