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Goldman Sachs Bank plans to price CDs due 2026 linked to the Dow
By Sarah Lizee
Olympia, Wash., Nov. 20 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due May 29, 2026 linked to the Dow Jones Industrial Average, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the return, capped at par plus 90% to 100%.
If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price Nov. 26.
The Cusip number is 38148RP23.
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