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Goldman plans contingent-coupon CDs due 2023 on GS Momentum Builder Multi-Asset
By Wendy Van Sickle
Columbus, Ohio, Dec. 15 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due Dec. 29, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
The CDs will pay a contingent annual coupon of 1.5% to 1.75% if the index closes at or above its initial level on the coupon observation date for that year. Otherwise, no coupon will be paid for that year.
The payout at maturity will be par plus any gain in the final index level or par if the index falls or is flat.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 38148DQB3.
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