Goldman Sachs plans 1% CDs linked to GS Momentum Builder Multi-Asset 5

By Jennifer Chiou

New York, Aug. 7 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due July 29, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

The index measures the extent to which the performance of the underlying assets included in the index outperform the sum of Libor plus 50 basis points per year. The assets are up to 14 exchange-traded funds and a money market position and provide exposure to equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes.

Interest is payable annually.

If the index return is greater than 7%, the payout at maturity will be par plus (a) 1.5 times (b) the index return minus 7%. If the index return is 7% or less, the payout will be par.

The CDs (Cusip: 38147JY89) will price on Aug. 25 and settle on Aug. 28.

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

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