Goldman Sachs plans to price leveraged CDs linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 13 – Goldman Sachs Bank USA plans to price 0% leveraged certificates of deposit due Feb. 1, 2023 linked to the S&P 500 index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 1.15 times the index return, subject to a maximum payout of $1,483 per $1,000 face amount of CDs. If the index return is zero or negative, the payout will be par.

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

The CDs are expected to price July 27 and settle July 30.

The Cusip number is 38148DBV5.

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