Goldman Sachs plans contingent coupon CDs tied to GS Momentum Builder

By Marisa Wong

Madison, Wis., Feb. 9 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due Feb. 26, 2020 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Each year, the CDs will pay a 0.5% coupon if the index closes at or above the initial index level on the coupon determination date for that year.

If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.

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

The CDs are expected to price Feb. 23 and settle Feb. 26.

The Cusip number is 38148D5G5.

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