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Goldman Sachs Bank plans seven-year CDs linked to index basket
By Susanna Moon
Chicago, May 8 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due June 1, 2022 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 S&P SmallCap 600 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% to 55% of any basket gain, subject to a minimum return of 9.25%. The exact participation rate will be set at pricing.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs will price on May 26 and settle on May 29.
The Cusip number is 38148DAD6.
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