Goldman plans variable-coupon CDs tied to GS Momentum Builder Multi-Asset

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – Goldman Sachs Bank USA plans to price variable-coupon certificates of deposit due Jan. 31, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

The CDs will pay an annual coupon equal to the greater of the index return divided by the number of coupon payment dates that have occurred or 0.5%.

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

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

The CDs will price on Jan. 26 and settle on Jan. 31.

The Cusip number is 38148DQW7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.