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Goldman Sachs Bank to price equity-linked CDs on basket of indexes
By Toni Weeks
San Diego, Aug. 1 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due 2019 linked to a basket of four indexes, according to a term sheet.
The equally weighted basket includes the Euro Stoxx 50 index, the MSCI Taiwan index, the S&P/TSX 60 index and the Dow Jones industrial average.
The basket closing level on each quarterly averaging date will equal the sum of the weighted component returns as measured from the trade date.
The final basket level will equal the average of the basket closing levels on each of the averaging dates.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a minimum return of between 3% and 3.5% that will be set at pricing.
The Cusip number is 38143AYM1.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
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