Goldman Sachs Bank plans contingent coupon CDs on 10 stocks

By Jennifer Chiou

New York, April 3 - Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due 2017 linked to a basket of stocks, according to a term sheet.

The underlying stocks are Altria Group, Inc., Amazon.com, Inc., Amgen Inc., Gilead Sciences, Inc., Google, Inc. Hewlett-Packard Co., Newmont Mining Corp., PepsiCo, Inc., Southern Co. and Target Corp.

Interest is payable annually in an amount equal to the average of the stock returns, subject to a floor of zero.

If a stock's return is above or equal to the initial price, its performance will be fixed at 7% to 8%. Otherwise, its performance will be the greater of the stock return and negative 20%. The exact fixed percentage will be set at pricing.

The payout at maturity will be par.

There is a survivor put for the CDs (Cusip: 38143APD1).

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

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