Goldman Sachs plans CDs linked to S&P 500 and S&P GSCI Crude Oil index

By Toni Weeks

San Luis Obispo, Calif., March 6 – Goldman Sachs Bank USA plans to price 0% index-linked certificates of deposit due March 31, 2022 linked to the lesser performing of the S&P 500 index and the S&P GSCI Crude Oil Index Excess Return, according to a term sheet.

If the index return of both indexes is positive, the payout at maturity will be par plus the return of the lesser-performing index. If the return of either index is zero or negative, investors will receive par.

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

The CDs are expected to price March 26 and settle March 31.

The Cusip number is 38148D6A7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.