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Goldman Sachs to price CDs due 2025 linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., Aug. 12 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Aug. 29, 2025 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 350% of 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 distributor.
The CDs are expected to price Aug. 26 and settle Aug. 31.
The Cusip number is 38148DC69.
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