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Goldman Sachs plans CDs due 2023 linked to basket of three indexes
By Wendy Van Sickle
Columbus, Ohio, March 10 – Goldman Sachs Bank USA plans to price 0% equity-index linked certificates of deposit due March 31, 2023 linked to an unequally weighted basket containing three indexes, according to a term sheet.
The basket components are 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, which is expected to be 6% to 7% and will be set at pricing.
Goldman Sachs & Co. is the agent. Incapital LLC is distributor.
The CDs are expected to price March 24.
The Cusip number is 38148DHT4.
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