Announcement Regarding Goldman Sachs Momentum Builder® Focus ER Index

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"Announcement Regarding Goldman Sachs Momentum Builder® Focus ER Index"

"NEW YORK, December 22, 2021 –The Index Committee for the Goldman Sachs Momentum Builder® Focus ER Index (the “Index”) is providing notice that, as part of the discontinuation of the Euro Overnight Index Average (“EUR-EONIA”), the Index methodology will be amended to replace EUR-EONIA with the Euro Short-Term Rate (“€STR”) plus a spread of 8.5 basis points as the currency financing amount rate for the relevant currency. €STR plus a spread of 8.5 basis points reflects how EUR-EONIA has been calculated since October 2, 2019.\r\nThe effective date for the change is expected to be January 3, 2022.\r\nThe 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.\r\nFORWARD-LOOKING STATEMENTS\r\nThis 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.\r\n# # #\r\n \r\nMedia Contact: \r\nAndrea Williams \r\nTel: +1 212 902 5400\r\nInvestor Contact: \r\nCarey Halio \r\nTel: +1 212 902 0300\r\n"

NEW YORK, December 22, 2021 –The Index Committee for the Goldman Sachs Momentum Builder® Focus ER Index (the “Index”) is providing notice that, as part of the discontinuation of the Euro Overnight Index Average (“EUR-EONIA”), the Index methodology will be amended to replace EUR-EONIA with the Euro Short-Term Rate (“€STR”) plus a spread of 8.5 basis points as the currency financing amount rate for the relevant currency. €STR plus a spread of 8.5 basis points reflects how EUR-EONIA has been calculated since October 2, 2019.
The effective date for the change is expected to be January 3, 2022.
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.
FORWARD-LOOKING STATEMENTS
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.
# # #
 
Media Contact: 
Andrea Williams 
Tel: +1 212 902 5400
Investor Contact: 
Carey Halio 
Tel: +1 212 902 0300

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