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Goldman Sachs Bank to price CDs due 2019 linked to basket of indexes
By Jennifer Chiou
New York, Sept. 5 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due Sept. 27, 2019 linked to a basket of indexes, according to a term sheet.
The basket includes the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the S&P MidCap 400 index with a 25% weight.
The payout at maturity will be par plus 50% of the basket return, subject to a minimum return of 5.5% to 6.5%.
The basket return will be averaged on the 24th of March, June, September and December beginning on Dec. 24, 2013.
There is a survivor put.
The CDs (Cusip: 38147JLL4) are expected to price on Sept. 24 and settle on Sept. 27.
Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.
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