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Transaction Banking services will be offered by Goldman Sachs Bank USA (“GS Bank”) and its affiliates. GS Bank is a New York State chartered bank and a member of the Federal Reserve System and Member FDIC, as well as a swap dealer registered with the CFTC. It is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. (together with its subsidiaries, “Goldman Sachs”) and leverages the resources of Goldman Sachs subject to legal, internal and regulatory restrictions. Information contained herein does not constitute an offer by GS Bank or any of its affiliates. Goldman Sachs is not providing any financial, economic, legal, accounting, investment, tax advice or recommendations. No part of this material may, without Goldman Sachs’ prior written consent, be (i) copied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient. Subject to FDIC rules, regulations, and limitations. For more information on how FDIC insurance coverage works visit www.fdic.gov.  © 2019 Goldman Sachs. All rights reserved.

This document is confidential and may have been prepared by personnel in the Investment Banking Division of one or more affiliates of The Goldman Sachs Group, Inc.

("Goldman Sachs", “We” or “us”) and is not the product of the Global Investment Research Division. It is not a research report and is not intended as such.
 
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The professionals who prepared this material are paid in part based on the profitability of The Goldman Sachs Group, Inc., which includes earnings from the firm's trading, capital markets, investment banking and other business. They, along with other salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies to our clients that reflect opinions that are contrary to the opinions expressed herein or the opinions expressed in research reports issued by our research departments, and our trading and investment businesses may make investment decisions that are inconsistent with the views expressed herein.