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Goldman plans 1.5% CDs due 2025 on GS Momentum Builder Multi-Asset
By Marisa Wong
Morgantown, W.Va., March 19 – Goldman Sachs Bank USA plans to price 1.5% certificates of deposit due March 26, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
Interest is payable monthly.
If the index return is greater than 10.5%, the payout at maturity will be par plus 1.25 to 1.35 times the index gain in excess of 10.5%.If the index return is less than or equal to 10.5%, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price March 26.
The Cusip number is 38148RBN2.
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