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Goldman Sachs Bank to price CDs due July 2023 linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Jan. 31, 2023 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus any index gain, subject to a maximum return expected to be 45% and 50%, or par if the index declines. The exact maximum return will be set at pricing.
Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.
The CDs will price on Jan. 22 and settle on Jan. 29.
The Cusip number is 38148DFX7.
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