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Goldman Sachs Bank plans CDs with 2x leverage on Momentum Builder
By Marisa Wong
Madison, Wis., Feb. 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Feb. 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus 200% of the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs are expected to price Feb. 23 and settle Feb. 26.
The Cusip number is 38148D4W1.
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