Goldman Sachs Bank USA Announces Redemption of Floating Rate Notes due May 24, 2021

NEW YORK, NY, May 8, 2020 – Goldman Sachs Bank USA today announced that it will redeem all of the issued and outstanding Floating Rate Notes due May 24, 2021 (the “Notes”) on May 24, 2020 (the “Redemption Date”). The Notes have an aggregate principal amount of $1,000,000,000.

The Notes will be redeemed for a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest to but excluding the Redemption Date (together, the “Redemption Payment”). From and after the Redemption Date, all interest will cease to accrue on the Notes.

Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about obtaining the Redemption Payment for the Notes in which they have a beneficial interest.

Goldman Sachs Bank USA is a New York State-chartered bank that is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. Goldman Sachs Bank USA is a member of the FDIC and Federal Reserve System and is subject to the regulation and supervision of the Federal Reserve, the New York State Department of Financial Services and the Consumer Financial Protection Bureau. The Goldman Sachs Group, Inc. is a leading global financial services firm founded in 1869 and headquartered in New York.

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