Goldman Sachs plans CDs linked to Momentum Builder Multi-Asset 2 ER

By Toni Weeks

San Luis Obispo, Calif., Jan. 3 - Goldman Sachs Bank USA plans to price certificates of deposit due July 30, 2020 linked to the GS Momentum Builder Multi-Asset 2 ER index, according to a term sheet.

The payout at maturity will be par plus 1.5 to 1.6 times any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

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 Jan. 27 and settle Jan. 30.

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

The Cusip number is 38147JRG9.

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