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Goldman plans contingent coupon CDs due 2022 on GS Momentum Builder
By Marisa Wong
Madison, Wis., June 8 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due June 28, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
Interest will be payable monthly and cannot be less than zero. The interest rate will be the quotient of the index return divided by the number of coupon payment dates that have occurred up to and including the current interest payment date.
The payout at maturity will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs are expected to price June 25 and settle June 30.
The Cusip number is 38148DAT1.
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