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Goldman Sachs Bank to price CDs due December 2023 on Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 13 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Dec. 26, 2023 linked to the Euro Stoxx 50 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 40% and 45%, 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 June 17 and settle on June 24.
The Cusip number is 38148DKR4.
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