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

NEW YORK, January 25, 2022 - The Index Committee for the GS Momentum Builder Multi-Asset 5S ER Index (current Bloomberg symbol: “GSMBMA5S Index”)(the “index”) provided notice on October 29, 2021 that 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. The index sponsor can make such replacement if it 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. The amendment will be effective January 28, 2022. 

The Index Committee has now determined that the continued use of 3-month USD LIBOR as the index’s notional interest rate is no longer practicable. Therefore, the Index Committee is providing notice that, effective February 4, 2022, the index methodology for the index will be amended to replace 3-month USD LIBOR with the Secured Overnight Financing Rate (SOFR) plus 0.26161% as the notional interest rate.

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