Announcement Regarding GS Momentum Builder Multi-Asset 5S ER Index

NEW YORK, October 29, 2021 - The Index Committee for the GS Momentum Builder Multi-Asset 5S ER Index is providing notice of two amendments to the index methodology as part of the committee’s continued review of the use of 3-month USD LIBOR as the index’s notional interest rate. The effective date for these changes is expected to be January 28, 2022.

First, the index methodology will be amended to allow for the committee to replace the notional interest rate, in its sole discretion, upon at least five index business days’ notice if the index sponsor determines, in its sole discretion, that it is not practicable or commercially reasonable for the notional interest rate to continue to be included in the index for reasons including, but not limited to, requirements, guidance or recommendations by relevant regulators, relevant industry associations or the index sponsor or changes in industry practice.

Second, the index methodology will be amended to more closely align the fallbacks for the current notional interest rate with the Alternative Reference Rates Committee (ARRC) recommendations regarding more robust fallback language for new issuances of LIBOR floating rate notes.

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

# # #

Media Contact:
Andrea Williams
Tel: +1 212 902 5400

Investor Contact:
Carey Halio
Tel: +1 212 902 0300



This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” or “continue” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully. These statements represent Goldman Sachs’ belief regarding future events that, by their nature, are uncertain and outside of its control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.