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Goldman Sachs plans to price 1% CDs linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., Feb. 9 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Feb. 26, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
Interest will be payable monthly.
If the index return is greater than 7%, the payout at maturity will be par plus 100% to 115% of the amount by which the index return exceeds 7%, with the exact participation rate to be set at pricing. If the index return is 7% or less, the payout will be par. In each case, investors will also receive the final coupon.
Goldman Sachs & Co. is the agent. Incapital LLC is distributor.
The CDs are expected to price Feb. 24.
The Cusip number is 38148DGS7.
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