Goldman Sachs plans 6.5-year CDs linked to basket of three indexes

By Susanna Moon

Chicago, May 5 - Goldman Sachs Bank USA plans to price 0% equity-linked certificates of deposit due Nov. 27, 2020 linked to a basket of indexes, according to a term sheet.

The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the S&P MidCap 400 index with a 25% weight.

The payout at maturity will be par plus 50% of any basket gain.

If the basket falls, the payout will be par plus a minimum return of between 8.5% and 9.5%.

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

The CDs will price on May 22 and settle on May 28.

The Cusip number is 38147JYZ9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.