Goldman Sachs plans variable-coupon CDs tied to GS Momentum Builder

By Toni Weeks

San Luis Obispo, Calif., April 9 – Goldman Sachs Bank USA plans to price variable-coupon certificates of deposit due April 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

The CDs will pay an annual coupon equal to the index return as measured from the pricing date to the applicable coupon determination date divided by the number of coupon payment dates that have occurred up to and including the relevant coupon payment date, subject to a minimum coupon of between 0.5% and 0.75% that will be set at pricing. Interest, if any, is payable annually.

The payout at maturity will be par plus the final coupon, if any.

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

The CDs are expected to price April 27 and settle April 30.

The Cusip number is 38148D6V1.

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