Goldman Sachs to price CDs linked to Motif Capital Aging of America

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Jan. 30, 2025 linked to the Motif Capital Aging of America 7 ER index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 150% to 160% of the index return. The exact upside participation rate will be set at pricing. If the index return is zero or negative, the payout will be par.

The index tracks the U.S. exchange-listed common equity securities of companies that may benefit from the long-term demographic shift toward an older population in the United States because they have revenues from developing therapies for medical conditions that disproportionately affect senior citizens or providing senior housing facilities or Medicare insurance. The index measures the extent to which the stocks and any money market position outperform Libor plus 75 basis points per year, accruing daily.

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

The CDs are expected to price Jan. 26.

The Cusip number is 38148R5L3.

© 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.