Goldman Sachs Statement on GSC ETN

NEW YORK--(BUSINESS WIRE)--The Goldman Sachs Group, Inc. (NYSE:GS) today announced that it will discontinue, effective immediately, any further issuances of its GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN due 2037 (NYSE Arca:GSC), part of its Medium-Term Notes, Series B (the “ETN”). The ETN holders’ option to require The Goldman Sachs Group, Inc. to repurchase the ETNs on a weekly redemption date (subject to the terms and conditions set forth in the prospectus, as amended or supplemented from time to time, relating to the ETN) will not be affected by this discontinuation of new issuances.