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Goldman plans CDs due 2022 tied to GS Momentum Builder Multi-Asset
By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due June 30, 2022 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
The payout at maturity will be par plus 1 time to 1.1 times any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs will price on Sept. 26 and settle on Sept. 29.
The Cusip number is 38148DML5.
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