Goldman Sachs plans to price CDs with averaging linked to MSCI EAFE

By Angela McDaniels

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

The final index level will be the average of the index’s closing levels on each of the averaging dates, which are expected to be Oct. 28 of each year beginning on Oct. 28, 2016.

The payout at maturity will be par plus 50% of the index return, subject to a minimum return that is expected to be 10.5% to 11.5% and will be set at pricing.

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

The CDs are expected to price Oct. 28.

The Cusip number is 38148DE42.

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