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

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Goldman Sachs Bank USA plans to price variable-coupon certificates of deposit due Jan. 26, 2023 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 number of coupon dates that have occurred times the greater of the index return and the minimum coupon rate, expected to be between 0.35% and 0.50%. The exact minimum coupon will be set at pricing.

The payout at maturity will be par plus the final coupon payment.

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

The CDs will price on Jan. 26 and settle on Jan. 29.

The Cusip number is 38148DG65.

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