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Goldman Sachs plans seven-year 0% CDs linked to index basket
By Susanna Moon
Chicago, Feb. 4 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due Feb. 28, 2020 linked to a basket of equally weighted indexes, according to a term sheet.
The underlying indexes are the Euro Stoxx 50 index, the MSCI Taiwan index, the S&P/TSX 60 index and the Dow Jones industrial average.
The payout at maturity will be par plus any basket gain.
If the basket falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
The notes will price on Feb. 25 and settle on Feb. 28.
The Cusip number is 38143A6A8.
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