Enhanced Strategies

Goldman Sachs offers custom strategies and underliers available for use in various types of financial instruments.

”Dow Jones”, “UBS”, “Dow Jones-UBS Commodity IndexSM” and ”DJ-UBSCISM” are service marks of Dow Jones & Company, Inc. (“Dow Jones”) and UBS AG (“UBS”), as the case may be, and have been licensed for use for certain purposes by GS Finance Corp. The strategies based on the DJ-UBSCISM are not sponsored, endorsed, sold, or promoted by Dow Jones, UBS or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, or any of their respective subsidiaries or affiliates, makes any representation or warranty, express or implied, to the owners of or counterparts to the strategies or any member of the public regarding the advisability of investing in such strategies or in securities or commodities generally.

Goldman Sachs shall have no liability, contingent or otherwise, to the user or to third parties, or any responsibility whatsoever, for the correctness, quality, accuracy, timeliness, pricing, reliability, performance or completeness of the data and nothing contained herein shall be relied upon as a promise or representation whether as to the past or future performance. The information provided herein is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. We and our affiliates, officers, directors, managing directors, and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell, the securities, or derivatives (including options) thereof, of commodities or indices mentioned herein.

Reproduction and Re-Distribution: No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without our prior written consent. Notwithstanding anything herein to the contrary, and except as required to enable compliance with applicable securities law, you (and each of your employees, representatives and other agents) may disclose to any and all persons the U.S. federal income and state tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs or Dow Jones imposing any limitation of any kind.

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.