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Goldman Sachs plans 1% CDs due 2023 linked to GS Momentum Builder
By Susanna Moon
Chicago, Jan. 15 – Goldman Sachs Bank USA plans to price 1% index-linked certificates of deposit due Jan. 26, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
Interest is payable monthly.
If the index finishes at or above the 107% threshold level, the payout at maturity will be par plus 1.25 times the return.
Otherwise, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 38148DG57.
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