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

By Toni Weeks

San Luis Obispo, Calif., March 6 – Goldman Sachs Bank USA plans to price certificates of deposit due March 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable annually. The coupon is based on (i) the performance of the index as measured from the pricing date to the applicable coupon determination date, divided by (ii) the number of coupon payment dates that have occurred up to and including the relevant coupon payment date. The coupon is subject to a minimum rate of between 0.5% and 0.75% that will be set at pricing.

The payout at maturity is par plus the final coupon.

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

The CDs are expected to price March 25 and settle March 30.

The Cusip number is 38148D5X8.

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