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

By Angela McDaniels

Tacoma, Wash., Nov. 5 – Goldman Sachs Bank USA plans to price 1% certificates of deposit due Nov. 30, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

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.

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

The CDs are expected to price Nov. 24 and settle Nov. 28.

The Cusip number is 38148D3A0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.