Goldman Sachs plans CDs linked to GS Momentum Builder Multi-Asset

By Angela McDaniels

Tacoma, Wash., April 4 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due April 29, 2020 linked to the GS Momentum Builder Multi-Asset 2 ER index, according to a term sheet.

The index measures the extent to which the performance of the exchange-traded funds included in the index outperform Libor. The index rebalances monthly, and sometimes daily, from among 18 ETFs that track U.S., international, developed and emerging equity markets, commodity markets, real estate markets and fixed-income assets.

If the index return is positive, the payout at maturity will be par plus 120% to 130% of the index return. If the index return is zero or negative, the payout will be par. The exact participation rate will be set at pricing.

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

The CDs are expected to price April 24 and settle April 29.

The Cusip number is 38147JWX6.

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