Goldman Sachs Bank plans CDs due 2020 on Momentum Builder Multi-Asset

By Marisa Wong

Madison, Wis., March 5 - Goldman Sachs Bank USA plans to price 0% certificates of deposit due Sept. 30, 2020 linked to the GS Momentum Builder Multi-Asset 2 ER index, according to a term sheet.

The index measures the extent to which the performance of the exchange-traded funds included in the index outperform 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 payout at maturity will be par plus 1.45 to 1.55 times any index gain. The exact participation rate will be set at pricing.

Investors will receive at least par.

The CDs (Cusip: 38147JVC3) will price March 25 and settle March 28.

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

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