Goldman plans seven-year CDs tied to GS Momentum Builder Multi-Asset

By Marisa Wong

Morgantown, W.Va., Nov. 11 – Goldman Sachs Bank USA plans to price 0.25% certificates of deposit due Nov. 27, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

Interest will be payable monthly.

If the index return is greater than 1.75%, the payout at maturity will be par plus 1.05 to 1.15 times any index gain in excess of 1.75%.

If the index return is less than 1.75%, the payout will be par.

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

The CDs will price on Nov. 22 and settle on Nov. 28.

The Cusip number is 38148DPA6.

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