Goldman Sachs plans to price leveraged CDs linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 15 – Goldman Sachs Bank USA plans to price 0% leveraged certificates of deposit due Nov. 2, 2022 linked to the Euro Stoxx 50 index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum payout of $1,450 per $1,000 face amount of CDs. If the index return is zero or negative, the payout will be par.

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

The CDs are expected to price Oct. 28.

The Cusip number is 38148DE67.

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