<SEC-DOCUMENT>0000950170-24-020267.txt : 20240226 <SEC-HEADER>0000950170-24-020267.hdr.sgml : 20240226 <ACCEPTANCE-DATETIME>20240226170509 ACCESSION NUMBER: 0000950170-24-020267 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-269296 FILM NUMBER: 24680019 BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 212-902-1000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FORMER COMPANY: FORMER CONFORMED NAME: GOLDMAN SACHS GROUP INC/ DATE OF NAME CHANGE: 20010104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 134019460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 212-902-1000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FORMER COMPANY: FORMER CONFORMED NAME: GOLDMAN SACHS GROUP INC/ DATE OF NAME CHANGE: 20010104 </SEC-HEADER> <DOCUMENT> <TYPE>FWP <SEQUENCE>1 <FILENAME>wossr002_fwp_gsg.htm <DESCRIPTION>FWP <TEXT> <html> <head> <title>FWP</title> </head> <body style="margin: auto!important;padding: 8px;"> <div style="min-height:0.3in;"><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">Free Writing Prospectus pursuant to Rule 433 dated February 26, 2024</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;min-width:fit-content;">Registration Statement No. 333-269296</font></p></div> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:1pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <table style="border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;"> <tr style="visibility:collapse;"> <td style="width:7.08%;"></td> <td style="width:92.92%;"></td> </tr> <tr style="height:11pt;background-color:#808080;white-space:pre-wrap;word-break:break-word;"> <td style="vertical-align:top;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><img src="img155303156_0.jpg" alt="img155303156_0.jpg" style="width:46px;height:46px;"> </p></td> <td style="vertical-align:middle;"><p style="font-size:11pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#ffffff;white-space:pre-wrap;font-family:Arial;min-width:fit-content;">Market Linked Securities — Autocallable with Contingent Coupon and Contingent Downside</font></p><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#ffffff;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Principal at Risk Securities Linked to the Lowest Performing of the S&P 500</font><font style="color:#ffffff;top:-3.752pt;white-space:pre-wrap;font-size:5.36pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#ffffff;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index, the Russell 2000</font><font style="color:#ffffff;top:-3.752pt;white-space:pre-wrap;font-size:5.36pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#ffffff;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index and the EURO STOXX 50</font><font style="color:#ffffff;top:-3.752pt;white-space:pre-wrap;font-size:5.36pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#ffffff;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index due March 29, 2028</font></p></td> </tr> </table> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:2pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:13.137%;"></td> <td style="width:37.373%;"></td> <td style="width:2.02%;"></td> <td style="width:47.471%;"></td> </tr> <tr style="height:10pt;white-space:pre-wrap;word-break:break-word;"> <td colspan="2" style="vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#7f7f7f;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Summary of Terms</font></p></td> <td style="vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:11pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td style="vertical-align:middle;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:2pt;text-align:left;"><font style="color:#808080;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Hypothetical Payout Profile (Maturity Payment Amount)</font><font style="color:#808080;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Company (Issuer) and Guarantor:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor)</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td rowspan="19" style="vertical-align:top;border-bottom:0.5pt solid;text-align:left;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><img src="img155303156_1.jpg" alt="img155303156_1.jpg" style="width:346px;height:250px;"> </p><p style="margin-left:3.6pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:2pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-family:'Calibri',sans-serif;min-width:fit-content;">If the securities are not automatically called prior to stated maturity and the ending level of the lowest performing underlier on the final calculation day is less than its downside threshold level, you will lose more than 25%, and possibly all, of the face amount of your securities at stated maturity.</font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p><p style="margin-left:3.6pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:2pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-family:'Calibri',sans-serif;min-width:fit-content;">Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of any underlier, but you will have full downside exposure to the lowest performing underlier on the final calculation day if the ending level of that underlier is less than its downside threshold level.</font></p><p style="margin-left:3.6pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-family:'Calibri',sans-serif;min-width:fit-content;">You should read the accompanying preliminary pricing supplement dated February 26, 2024, which we refer to herein as the accompanying preliminary pricing supplement, to better understand the terms and risks of your investment, including the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.</font></p><p style="margin-left:3.6pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:2pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">The securities are part of the Medium-Term Notes, Series F program of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. This document should be read in conjunction with the following:</font></p><div style="margin-left:0.050000000000000044in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:3.3553803871825076%;display:inline-flex;justify-content:flex-start;">●</font><div style="width:100%;display:inline;"><a href="https://www.sec.gov/Archives/edgar/data/886982/000095017024020038/wossr002_prelim.htm"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Preliminary pricing supplement dated February 26, 2024</font></a></div></div><div style="margin-left:0.050000000000000044in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:3.3553803871825076%;display:inline-flex;justify-content:flex-start;">●</font><div style="width:100%;display:inline;"><a href="https://www.sec.gov/Archives/edgar/data/886982/000156459023002399/gs-424b2.htm"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">WFS product supplement no. 3 dated February 24, 2023</font></a><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></div></div><div style="margin-left:0.050000000000000044in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:3.3553803871825076%;display:inline-flex;justify-content:flex-start;">●</font><div style="width:100%;display:inline;"><a href="https://www.sec.gov/Archives/edgar/data/1419828/000095017023072308/underlier_supplement_no.htm"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Underlier supplement no. 38 dated December 21, 2023</font></a></div></div><div style="margin-left:0.050000000000000044in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:3.3553803871825076%;display:inline-flex;justify-content:flex-start;">●</font><div style="width:100%;display:inline;"><a href="https://www.sec.gov/Archives/edgar/data/886982/000119312523036241/d407224d424b2.htm"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Prospectus supplement dated February 13, 2023</font></a></div></div><div style="margin-left:0.050000000000000044in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:3.3553803871825076%;display:inline-flex;justify-content:flex-start;">●</font><div style="width:100%;display:inline;"><a href="https://www.sec.gov/Archives/edgar/data/886982/000119312523036147/d457531d424b2.htm"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Prospectus dated February 13, 2023</font></a></div></div><p style="font-size:6pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Market Measures (each referred to as an “underlier,” and collectively as the “underliers”):</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">the S&P 500</font><font style="color:#000000;top:-3.283pt;white-space:pre-wrap;font-size:4.69pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index, the Russell 2000</font><font style="color:#000000;top:-3.283pt;white-space:pre-wrap;font-size:4.69pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index and the EURO STOXX 50</font><font style="color:#000000;top:-3.283pt;white-space:pre-wrap;font-size:4.69pt;font-family:'Calibri',sans-serif;position:relative;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Pricing date:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">expected to be March 28, 2024</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Issue date:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">expected to be April 2, 2024</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Final calculation day:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">expected to be March 24, 2028</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Stated maturity date:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">expected to be March 29, 2028</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Starting level:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">with respect to an underlier, the closing level of such underlier on the pricing date</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Ending level:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">with respect to an underlier, the closing level of such underlier on the final calculation day</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Performance factor:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">with respect to an underlier on any calculation day, the quotient of (i) its closing level on such calculation day divided by its starting level (expressed as a percentage)</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Lowest performing underlier:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">for any calculation day, the underlier with the lowest performance factor on that calculation day</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Automatic call:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">If the closing level of the lowest performing underlier on any of the calculation days from September 2024 to December 2027, inclusive, is greater than or equal to its starting level, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security in U.S. dollars equal to the face amount plus a final contingent coupon payment. The securities will not be subject to automatic call until the September 2024 calculation day.</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Downside threshold level:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">with respect to an underlier, 75% of its starting level</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Contingent coupon payment:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2.15pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2.15pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Subject to the automatic call, on each contingent coupon payment date, for each $1,000 of the outstanding face amount, you will receive a contingent coupon payment equal to at least $22.50 (equivalent to a contingent coupon rate of at least 9.00% per annum) (set on the pricing date) if, and only if, the closing level of the lowest performing underlier on the related calculation day is greater than or equal to its coupon threshold level.</font></p></td> <td style="text-indent:5pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:-3pt;padding-left:3pt;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Coupon threshold level:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">with respect to an underlier, 75% of its starting level</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Call settlement date:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">three business days after the applicable calculation day</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Calculation days:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">quarterly, on the 24th day of each March, June, September and December, commencing June 2024 and ending December 2027, and the final calculation day</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:top;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Contingent coupon payment dates:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">quarterly, on the third business day following each calculation day; </font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">provided</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> that the contingent coupon payment date with respect to the final calculation day will be the stated maturity date</font></p></td> <td style="text-indent:2pt;vertical-align:top;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Maturity payment amount (for each $1,000 face amount of your securities):</font></p></td> <td style="border-right:0.5pt solid;text-indent:10.8pt;vertical-align:middle;border-bottom:0.5pt solid;"><div style="margin-left:0.02013888888888893in;text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.1298611111111111in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:7pt;font-family:Times New Roman;min-width:1.7356689494740856%;text-indent:0;display:inline-flex;justify-content:flex-start;">•</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:7pt;font-family:'Calibri',sans-serif;min-width:fit-content;">if the ending level of the lowest performing underlier on the final calculation day is greater than or equal to its downside threshold level: $1,000; or</font></div></div><div style="margin-left:0.02013888888888893in;text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.1298611111111111in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:7pt;font-family:Times New Roman;min-width:1.7356689494740856%;text-indent:0;display:inline-flex;justify-content:flex-start;">•</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:7pt;font-family:'Calibri',sans-serif;min-width:fit-content;">if the ending level of the lowest performing underlier on the final calculation day is less than its downside threshold level: </font></div></div><p style="margin-left:9.35pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">$1,000 × performance factor of the lowest performing underlier on the final calculation day</font></p></td> <td style="vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:7pt;white-space:pre-wrap;word-break:break-word;"> <td rowspan="2" style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Underwriting discount:</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td rowspan="2" style="border-right:0.5pt solid;text-indent:2.15pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2.15pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">up to 2.575% of the face amount*; Wells Fargo Securities, LLC (“WFS”) is the agent for the distribution of the securities. WFS will receive the underwriting discount of up to 2.575% of the aggregate face amount of the securities sold. The agent may resell the securities to Wells Fargo Advisors (“WFA”) at the original issue</font><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p><p style="margin-left:2.15pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">price of the securities less a concession of 1.75% of the aggregate face amount of the securities. In addition to the selling concession received by WFA, WFS advises that WFA may also receive out of the underwriting discount a distribution expense fee of 0.075% for each $1,000 face amount of a security WFA sells.</font></p></td> <td style="text-indent:2.15pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2.15pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;text-indent:2.15pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2.15pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td style="border-right:0.5pt solid;text-indent:3.6pt;vertical-align:top;border-bottom:0.5pt solid;"><p style="margin-left:3.6pt;text-indent:0;font-size:9pt;margin-top:3pt;font-family:Times New Roman;margin-bottom:3pt;margin-right:0.05in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:Arial;min-width:fit-content;">The estimated value of your securities at the time the terms of your securities are set on the pricing date is expected to be between $925 and $955 per $1,000 face amount. See the accompanying preliminary pricing supplement for a further discussion of the estimated value of your securities</font></p></td> </tr> <tr style="height:2.15pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">CUSIP:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">40057YHN6</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td style="text-indent:2pt;vertical-align:middle;"><p style="margin-left:2pt;text-indent:0;font-size:7.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:2.15pt;white-space:pre-wrap;word-break:break-word;"> <td style="border-right:0.5pt solid;border-left:0.5pt solid;vertical-align:middle;border-bottom:0.5pt solid;"><p style="font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">Tax consequences:</font></p></td> <td style="border-right:0.5pt solid;text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">See “Supplemental Discussion of U.S. Federal Income Tax Considerations” in the accompanying preliminary pricing supplement</font></p></td> <td style="text-indent:2pt;vertical-align:middle;border-bottom:0.5pt solid #ffffff03;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td style="text-indent:2pt;vertical-align:middle;"><p style="margin-left:2pt;text-indent:0;font-size:7.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> <tr style="height:2.15pt;white-space:pre-wrap;word-break:break-word;"> <td colspan="2" style="text-indent:2pt;vertical-align:middle;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;">* In addition, in respect of certain securities sold in this offering, GS&Co. may pay a fee of up to 0.10% of the aggregate face amount of the securities sold to selected securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities dealers.</font></p></td> <td style="text-indent:2pt;vertical-align:middle;"><p style="margin-left:2pt;text-indent:0;font-size:2pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> <td style="text-indent:2pt;vertical-align:middle;"><p style="margin-left:2pt;text-indent:0;font-size:7pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></td> </tr> </table> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:2pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:7.5pt;font-family:'Calibri',sans-serif;min-width:fit-content;">The securities have more complex features than conventional debt securities and involve risks not associated with conventional debt securities. See “Risk Factors” in this term sheet and in the accompanying preliminary pricing supplement. </font><font style="color:#000000;white-space:pre-wrap;font-size:7.5pt;font-family:'Calibri',sans-serif;min-width:fit-content;">This document does not provide all of the information that an investor should consider prior to making an investment decision. You should not invest in the securities without reading the accompanying preliminary pricing supplement and related documents for a more detailed description of the underlier, the terms of the securities and certain risks.</font></p> <div style="flex-direction:column;display:flex;padding-bottom:0.5in;min-height:0.13in;justify-content:flex-end;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:6pt;font-family:Arial;min-width:fit-content;"> </font></p></div> <hr style="page-break-after:always;"> <div style="min-height:0.3in;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p></div> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#808080;white-space:pre-wrap;font-size:12pt;font-family:'Calibri',sans-serif;min-width:fit-content;">About Your Securities</font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">GS Finance Corp. and The Goldman Sachs Group, Inc. have filed a registration statement (including a prospectus, as supplemented by the prospectus supplement, underlier supplement no. 38, WFS product supplement no. 3 and preliminary pricing supplement listed below) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus, prospectus supplement, underlier supplement no. 38, WFS product supplement no. 3 and preliminary pricing supplement, and any other documents relating to this offering that GS Finance Corp. and The Goldman Sachs Group, Inc. have filed with the SEC for more complete information about us and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at sec.gov. Alternatively, we will arrange to send you the prospectus, prospectus supplement, underlier supplement no. 38, WFS product supplement no. 3 and preliminary pricing supplement if you so request by calling (212) 357-4612.</font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#808080;white-space:pre-wrap;font-size:12pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Risk Factors</font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">An investment in the securities is subject to risks. Many of the risks are described in the accompanying preliminary pricing supplement, accompanying WFS product supplement no. 3, accompanying underlier supplement no. 38, accompanying prospectus supplement and accompanying prospectus. Below we have provided a list of risk factors discussed in the accompanying preliminary pricing supplement (but not those discussed in the accompanying WFS product supplement no. 3, accompanying underlier supplement no. 38, accompanying prospectus supplement and accompanying prospectus). In addition to the below, you should read in full “Selected Risk Considerations” in the accompanying preliminary pricing supplement, “Risk Factors” in the accompanying WFS product supplement no. 3, “Additional Risk Factors Specific to the Securities” in the accompanying underlier supplement no. 38, as well as the risks and considerations described in the accompanying prospectus supplement and accompanying prospectus.</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> </font></p> <p style="font-size:10pt;margin-top:3pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The following risk factors are discussed in greater detail in the accompanying preliminary pricing supplement:</font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:6pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:49%;"></td> <td style="width:1%;"></td> <td style="width:50%;"></td> </tr> <tr style="height:9pt;white-space:pre-wrap;word-break:break-word;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;"><p style="font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;">Risks Related to Structure, Valuation and Secondary Market Sales</font></p><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Estimated Value of Your Securities At the Time the Terms of Your Securities Are Set On the Pricing Date (as Determined By Reference to Pricing Models Used By GS&Co.) Is Less Than the Original Offering Price Of Your Securities</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Securities Are Subject to the Credit Risk of the Issuer and the Guarantor</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">You May Lose Your Entire Investment in the Securities</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">You May Not Receive a Contingent Coupon on Any Contingent Coupon Payment Date</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Because the Securities Are Linked to the Performance of the Lowest Performing Underlier, You Have a Greater Risk of Receiving No Contingent Coupons and Sustaining a Significant Loss on Your Investment Than If the Securities Were Linked to Just One Underlier</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">A Higher Contingent Coupon, a Lower Coupon Threshold Level and/or a Lower Downside Threshold Level May Reflect Greater Expected Volatility of the Underliers, and Greater Expected Volatility Generally Indicates An Increased Risk of Declines in the Levels of the Underliers and, Potentially, a Significant Loss at Maturity</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Maturity Payment Amount Will Be Based Solely on the Lowest Performing Underlier</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Your Securities Are Subject to Automatic Redemption</font></div></div><div style="display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Return on Your Securities May Change Significantly Despite Only a Small Change in the Level of the Lowest Performing Underlier</font></div></div><p style="margin-left:13.7pt;font-size:1pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:Arial;min-width:fit-content;"> </font></p><p style="font-size:1pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:Arial;min-width:fit-content;"> </font></p><p style="font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-family:Arial;min-width:fit-content;"> </font></p></td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;min-width:fit-content;"> </font></p></td> <td style="padding-top:0.01in;text-indent:13.7pt;vertical-align:top;padding-right:0.01in;"><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Contingent Coupon Does Not Reflect the Actual Performance of the Underliers from the Pricing Date to Any Calculation Day or from Calculation Day to Calculation Day</font></div></div><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Market Value of Your Securities May Be Influenced by Many Unpredictable Factors</font></div></div><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">You Have No Shareholder Rights or Rights to Receive Any Underlier Stock</font></div></div><p style="text-indent:-13.5pt;padding-left:13.5pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;">Additional Risks Related to the Russell 2000</font><font style="color:#000000;top:-4.221pt;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:6.03pt;font-family:Arial;position:relative;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;"> Index</font></p><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">There are Small-Capitalization Stock Risks Associated with the Russell 2000</font><font style="color:#000000;top:-4.221pt;white-space:pre-wrap;font-size:6.03pt;font-family:Arial;position:relative;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;"> Index</font></div></div><p style="text-indent:0;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;">Additional Risks Related to the EURO STOXX 50</font><font style="color:#000000;top:-4.221pt;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-size:6.03pt;font-family:Arial;position:relative;min-width:fit-content;">® </font><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;">Index</font></p><div style="text-indent:0;display:flex;margin-top:3pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">An Investment in the Offered Securities is Subject to Risks Associated with Foreign Securities</font></div></div><div style="text-indent:0;display:flex;margin-top:3pt;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Government Regulatory Action, Including Legislative Acts and Executive Orders, Could Result in Material Changes to the Composition of an Underlier with Underlier Stocks from One or More Foreign Securities Markets and Could Negatively Affect Your Investment in the Securities</font></div></div><p style="text-indent:-13.5pt;padding-left:13.5pt;font-size:9pt;margin-top:0;font-family:Times New Roman;margin-bottom:3pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;text-decoration:underline;font-family:Arial;min-width:fit-content;">Risks Related to Tax</font></p><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Certain Considerations for Insurance Companies and Employee Benefit Plans</font></div></div><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:3pt;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">The Tax Consequences of an Investment in Your Securities Are Uncertain</font></div></div><div style="text-indent:0;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.19027777777777777in;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:2.537%;text-indent:0;display:inline-flex;justify-content:flex-start;">▪</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Arial;min-width:fit-content;">Foreign Account Tax Compliance Act (FATCA) Withholding May Apply to Payments on Your Securities, Including as a Result of the Failure of the Bank or Broker Through Which You Hold the Securities to Provide Information to Tax Authorities</font></div></div></td> </tr> </table> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:3pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:6pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">For details about the license agreement between each underlier sponsor and the issuer, see “The Underliers — S&P 500</font><font style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.03pt;font-family:'Calibri',sans-serif;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index”, “The Underliers ─ Russell 2000</font><font style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.03pt;font-family:'Calibri',sans-serif;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index” and “The Underliers — EURO STOXX 50</font><font style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.03pt;font-family:'Calibri',sans-serif;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> Index </font><font style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.03pt;font-family:'Calibri',sans-serif;min-width:fit-content;">®</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">” on pages S-116, S-79 and S-36 of the accompanying underlier supplement no. 38, respectively.</font><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </font></p> <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:6pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:'Calibri',sans-serif;min-width:fit-content;">Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.</font></p> <div style="flex-direction:column;display:flex;min-height:1.3in;justify-content:flex-end;"><p style="border-top:0.5pt solid;padding-top:1pt;border-right:0.5pt solid;padding-left:4pt;padding-bottom:1pt;font-size:10pt;border-bottom:0.5pt solid;border-left:0.5pt solid;margin-top:6pt;font-family:Times New Roman;margin-bottom:3pt;padding-right:4pt;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Arial;font-style:italic;min-width:fit-content;">This document does not provide all of the information that an investor should consider prior to making an investment decision. You should not invest in the securities without reading the accompanying preliminary prospectus supplement and related documents for a more detailed description of the underliers, the terms of the securities and certain risks.</font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:1pt;font-family:Arial;min-width:fit-content;"> </font></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;">2</font></p></div> <hr style="page-break-after:always;"> </body> </html> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>2 <FILENAME>img155303156_0.jpg <DESCRIPTION>GRAPHIC <TEXT> begin 644 img155303156_0.jpg M_]C_X 02D9)1@ ! 0$ W #< #_VP!# ," @," @,# P,$ P,$!0@%!00$ M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_ MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04 M%!04%!04%!04%!04%!04%!04%!04%!3_P 1" !J &H# 2( A$! 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M:,T <-_PJW3?^@YXB_\ !F]'_"K=-_Z#GB+_ ,&;UW.:,T <-_PJW3?^@YXB M_P#!F]'_ JW3?\ H.>(O_!F]=SFC- '#?\ "K=-_P"@YXB_\&;T?\*MTW_H M.>(O_!F]=SFC- '#?\*MTW_H.>(O_!F]'_"K=-_Z#GB+_P &;UW.:,T <-_P MJW3?^@YXB_\ !F]'_"K=-_Z#GB+_ ,&;UW.:,T <-_PJW3?^@YXB_P#!F]'_ M JW3?\ H.>(O_!F]=SFC- '#?\ "K=-_P"@YXB_\&;T?\*MTW_H.>(O_!F] M=SFC- '#?\*MTW_H.>(O_!F]'_"K=-_Z#GB+_P &;UW.:,T <-_PJW3?^@YX MB_\ !F]'_"K=-_Z#GB+_ ,&;UW.:,T <-_PJW3?^@YXB_P#!F]'_ JW3?\ MH.>(O_!F]=SFC- '#?\ "K=-_P"@YXB_\&;T?\*MTW_H.>(O_!F]=SFC- '# M?\*MTW_H.>(O_!F]'_"K=-_Z#GB+_P &;UW.:,T <-_PJW3?^@YXB_\ !F]' M_"K=-_Z#GB+_ ,&;UW.:,T <-_PJW3?^@YXB_P#!F]'_ JW3?\ H.>(O_!F M]=SFC- '#?\ "K=-_P"@YXB_\&;T?\*MTW_H.>(O_!F]=SFC- '#?\*MTW_H M.>(O_!F]'_"K=-_Z#GB+_P &;UW.:,T <-_PJW3?^@YXB_\ !F]'_"K=-_Z# MGB+_ ,&;UW.:,T <-_PJW3?^@YXB_P#!F]'_ JW3?\ H.>(O_!F]=SFC- ' M#?\ "K=-_P"@YXB_\&;T?\*MTW_H.>(O_!F]=SFC- '#?\*MTW_H.>(O_!F] M'_"K=-_Z#GB+_P &;UW.:,T <-_PJW3?^@YXB_\ !F]'_"K=-_Z#GB+_ ,&; MUW.:,T <-_PJW3?^@YXB_P#!F]'_ JW3?\ H.>(O_!F]=SFC- '#?\ "K=- M_P"@YXB_\&;T?\*MTW_H.>(O_!F]=SFC- '#?\*MTW_H.>(O_!F]'_"K=-_Z M#GB+_P &;UW.:,T <-_PJW3?^@YXB_\ !F]'_"K=-_Z#GB+_ ,&;UW.:,T < M-_PJW3?^@YXB_P#!F]'_ JW3?\ H.>(O_!F]=SFC- '#?\ "K=-_P"@YXB_ M\&;T?\*MTW_H.>(O_!F]=SFC- '#?\*MTW_H.>(O_!F]'_"K=-_Z#GB+_P & M;UW.:,T <-_PJW3?^@YXB_\ !F]'_"K=-_Z#GB+_ ,&;UW.:,T <-_PJW3?^ M@YXB_P#!F]:OAKP3IGA>\O+NTFO9[F[55EENYS*Q"YP,GZUTF:,T %%&:,T #?__9 end </TEXT> </DOCUMENT> </SEC-DOCUMENT>