Goldman Sachs Bank plans CDs due 2022 linked to Momentum Builder

By Jennifer Chiou

New York, March 6 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due March 30, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable monthly.

If the index return is greater than 7%, the payout at maturity is par plus 1.25 times the return, minus 7%.

If the index return is less than 7%, the payout at maturity is par.

The CDs (Cusip: 38148D5V2) are expected to price March 25 and settle March 30.

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

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