Goldman Sachs to price contingent coupon CDs linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., April 4 - Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due April 29, 2021 linked to a basket of common stocks, according to a term sheet.

The underlying stocks are AT&T Inc., Chevron Corp., Cisco Systems, Inc., General Electric Co., Intel Corp., McDonald's Corp., Merck & Co., Inc., Pfizer Inc., Proctor & Gamble Co. and Verizon Communications Inc. They are the 10 stocks with the highest dividend yield in the Dow Jones industrial average.

Interest is payable annually in an amount equal to the average of the stocks' performances, subject to a floor of zero.

If a stock's return is zero or positive, its performance will be 5%. If a stock's return is negative, its performance will be zero.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.

The CDs are expected to price April 25 and settle April 30.

The Cusip number is 38147JXH0.

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