Goldman Sachs plans contingent coupon CDs linked to Momentum Builder Multi-Asset

By Susanna Moon

Chicago, Dec. 9 - Goldman Sachs Group, Inc. plans to price certificates of deposit due Dec. 24, 2020 linked to the GS Momentum Builder Multi-Asset 2 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be fixed at 3% to 3.5% for the first year. After that, it will be based on the performance of the index. Interest is payable annually.

The payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

The index measures the extent to which the performance of the exchange traded funds included in the index outperform three-month Libor. The index rebalances monthly, and sometimes daily, from among 18 ETFs that track U.S., international, developed and emerging equity markets, commodity markets, real estate markets and fixed-income assets.

The CDs are expected to price on Dec. 23 and settle on Dec. 27.

The Cusip number is 38147JPU0.

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