Announcement Regarding Selection of Successor Indices for Motif Indices

NEW YORK, NY, June 23, 2020 – The Goldman Sachs Group, Inc. (NYSE: GS) previously announced on April 21, 2020 that Motif Capital Management, Inc. (“Motif”) would cease to serve as index provider for the Motif Capital Aging of America 7 ER Index, the Motif Capital National Defense 7 ER Index, the Motif Capital National Defense Price Return Index and the Motif Capital Artificial Intelligence 8 ER Index, which are referenced in certain structured products issued by GS Finance Corp., Goldman Sachs Bank USA and Goldman Sachs International, and the Motif Capital Aging of America Index, which is used in calculating the Goldman Sachs Motif Aging of America Dynamic Balance Index.

Effective after the market close on June 23, 2020, Motif ceased publishing these indices. Therefore, Goldman Sachs has selected a successor for each such index as follows:

Solactive AG serves as index provider for each successor index. Additional information regarding each successor index is available on its respective web page referred to above.

Solactive AG is an innovative index provider and financial data and technology provider that focuses on the development, calculation, and distribution of tailor-made indices across all asset classes. As at April 2020, Solactive AG served approximately 450 clients in Europe, America, and Asia, with approximately US$200 billion invested in products linked to indices calculated by the company globally, primarily via 450 exchange-traded funds from a number of well-known providers. Solactive AG was established in 2007 and is headquartered in Frankfurt, with additional offices in Berlin, Dresden, Hong Kong, and Toronto. For further information, please visit:

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial 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:
Jake Siewert
Tel: +1 212 902 5400

Investor Contact:
Heather Kennedy Miner
Tel: +1 212 902 0300