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Goldman Sachs Bank to price CDs due 2019 linked to index basket
By Jennifer Chiou
New York, Oct. 4 - Goldman Sachs Bank USA plans to price 0% equity index-linked certificates of deposit due Oct. 30, 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 3.5% to 4.5%.
The basket return will be averaged on the 25th of each April and October beginning on April 25, 2014.
There is a survivor put.
The CDs (Cusip: 38147JMU3) are expected to price on Oct. 25 and settle on Oct. 30.
Goldman Sachs & Co. is the underwriter. Incapital LLC is the distributor.
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