Goldman plans contingent coupon CDs linked to GS Momentum Builder

By Angela McDaniels

Tacoma, Wash., July 13 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due July 30, 2020 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

Interest will be payable on July 25, 2016 and July 25, 2019. If the index return is positive or zero, the coupon will be 0.5%. If the index return is negative, no coupon will be paid that year.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par.

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

The CDs are expected to price July 28 and settle July 31.

The Cusip number is 38148DBK9.

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