Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Momentum Builder Multi-Asset 5 ER index > News item |
Goldman plans contingent coupon CDs linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., May 8 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due May 26, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
The CDs will pay a contingent annual coupon for the first six years of their seven-year term. The coupon will be 2% if the index’s closing level on the determination date for that year is greater than or equal to the initial index level. Otherwise, no coupon will be paid that year.
The payout at maturity will be par plus the index return, subject to a minimum payout of par.
Goldman Sachs & Co. is the agent. Incapital LLC is distributor.
The CDs are expected to price May 26 and settle May 29.
The Cusip number is 38148DA95.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.