Goldman to price contingent coupon CDs due 2020 on GS Momentum Builder

By Marisa Wong

Madison, Wis., June 8 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due June 26, 2020 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

The CDs will pay a contingent annual coupon for the first four years of their five-year term. The coupon will be 0.5% if the index’s closing level on the determination date for that year is greater than or equal to the initial index level. Otherwise, no coupon will be paid that year.

The payout at maturity will be par plus the index return, subject to a minimum payout of par.

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

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

The Cusip number is 38148DAW4.

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