Enhanced Strategies

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Standard & Poor’s®”, “S&P®” and “S&P GSCI®” are registered trademarks of Standard & Poor’s Financial Services LLC (“Standard & Poor’s”) and have been licensed for use by The Goldman Sachs Group, Inc. and its affiliates. The enhanced strategies are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s does not make any representation regarding the advisability of investing in such strategies. The S&P GSCI® is not owned, endorsed or approved by or associated with The Goldman Sachs Group, Inc. or its affiliated companies.