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Goldman Sachs to price CDs linked to S&P 500 with 60% to 66% cap
By Marisa Wong
Morgantown, W.Va., April 23 – Goldman Sachs Bank USA plans to price 0% certificates of deposit due Oct. 29, 2025 linked to the S&P 500 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the index return, capped at 60% to 66%. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price April 24.
The Cusip number is 38148RC92.
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