Goldman plans contingent coupon CDs due 2023 on GS Momentum Builder

By Marisa Wong

Morgantown, W.Va., Dec. 19 – Goldman Sachs Bank USA plans to price contingent coupon certificates of deposit due Dec. 29, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a term sheet.

The CDs pay a contingent annual coupon. If the index’s closing level on a coupon determination date is greater than the initial index level, the CDs will pay a coupon that year equal to $1,000 times the index return divided by the number of coupon payment dates that have occurred up to and including that coupon payment date. If the index closes at or below the initial level, no coupon will be paid that year.

The payout at maturity will be par plus the final coupon, if any.

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

The CDs will price on Dec. 27.

The Cusip number is 38148DQ98.

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