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Goldman Sachs Bank plans CDs with 2x leverage on Momentum Builder
By Jennifer Chiou
New York, Jan. 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Oct. 29, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus 200% of the index return. If the index return is zero or negative, the payout will be par.
The CDs (Cusip: 38148D4D3) will price on Jan. 26 and settle on Jan. 29.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
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