$32,629,030 Trigger Autocallable Contingent Yield Notes due June 13, 2024, priced on June 09, 2021, were issued by GS Finance Corp. The pricing supplement for this note (CUSIP: 36260Y468) can be found here.

The notes had a $10 face value and paid a quarterly coupon of $0.168, so long as the notes had not been called and SPDR S&P Biotech ETF and SPDR S&P 500 ETF all closed above 70% of their June 09, 2021 closing prices on a determination date. If SPDR S&P Biotech ETF and SPDR S&P 500 ETF closed below 70% of their June 09, 2021 closing prices on a determination date, the notes did not pay a coupon.

If not previously called, at maturity, the notes returned $10 in principal if SPDR S&P Biotech ETF and SPDR S&P 500 ETF all closed on the final determination date on June 10, 2024 and above 70% of their June 09, 2021 closing prices. If on June 10, 2024 SPDR S&P Biotech ETF and SPDR S&P 500 ETF closed below 70% of their June 09, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of SPDR S&P Biotech ETF and SPDR S&P 500 ETF June 10, 2024 closing prices to their June 09, 2021 closing prices.

The notes have matured. They paid three coupons totaling $0.504 and $6.83 repayment per $10 note. Investors thus suffered capital losses of $3.17 and net losses of $2.67.^† In the aggregate, investors in this note suffered $10,347,503 in capital losses and $8,703,000 in net losses. See Table 1 and Figure 1.

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† SLCG estimated these losses based on publicly available information. The issuer ultimately determines the amounts paid which may differ from our estimates. Our reference to capital loss and net loss does not imply SLCG's view of how these losses are treated for tax purposes.

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