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Goldman plans 0.25% CDs due 2023 on GS Momentum Builder Multi-Asset
By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – Goldman Sachs Bank USA plans to price 0.25% certificates of deposit due Oct. 26, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.
Interest is payable monthly.
If the index return is greater than 1.75%, the payout at maturity will be par plus 1.05% for every 1% that the index return exceeds 1.75%. If the index return is less than or equal to 1.75%, the payout will be par.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent. Incapital LLC is the distributor.
The CDs will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 38148DNK6.
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