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Goldman Sachs plans seven-year CDs linked to S&P 500, SmallCap, MidCap
By Susanna Moon
Chicago, Jan. 19 – Goldman Sachs Bank USA plans to price 0% index-linked certificates of deposit due Jan. 30, 2023 linked to a basket of three 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 the greater of 50% of the basket return and the minimum return of 9% to 10%.
The basket averaging date is expected to be the 25th of each January, beginning Jan. 25, 2017.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price on Jan. 25 and settle on Jan. 28.
The Cusip number is 38148DFQ2.
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