Goldman Sachs Bank plans CDs due 2021 on Momentum Builder Multi-Asset

By Toni Weeks

San Luis Obispo, Calif., Sept. 5 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Sept. 29, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest is payable annually.

The index measures the extent to which the performance of up to 15 underlying assets included in the index outperform the sum of Libor plus a daily index fee of 50 basis points. The index rebalances monthly, and sometimes daily, from among 14 ETFs and one money market position that track equities, fixed-income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes.

If the index return is greater than 7%, the payout at maturity will be par plus (ii) 1.5 times (ii) the index return minus 7%. If the index return is equal to or less than 7%, investors will receive par.

The CDs (Cusip: 38147J3Y6) will price Sept. 24 and settle Sept. 29.

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

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