Goldman Sachs Bank plans CDs due 2023 linked to GS Momentum Builder

By Angela McDaniels

Tacoma, Wash., Feb. 9 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Aug. 29, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 200% to 215% of the index return. The exact participation rate will be set at pricing. If the index return is zero or negative, the payout will be par.

The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange-traded funds and a money market position, which provide exposure to equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes) outperform the sum of Libor plus a daily index fee of 0.5% per year.

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

The CDs are expected to price Feb. 24.

The Cusip number is 38148DGQ1.

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