Common use of Introduction Clause in Contracts

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. (the "Securities"). ISIN: JE00BS6B7Y54 WKN: XX0XX0 Xxxxxx Code: 181977515 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 WKN: XX0XX0 Xxxxxx Code: 181977515 Underlying: eBay Inc. (ISIN: US2786421030) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar ("USD"). Issue Size: 10,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBBF535 WKN: XX0XX0 Xxxxxx GP2K9L Common Code: 181977515 181980672 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBBF535 WKN: XX0XX0 Xxxxxx GP2K9L Common Code: 181977515 181980672 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BKYRR613 WKN: XX0XX0 Xxxxxx GP2LMR Common Code: 181977515 181974788 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. The Issuer is subject to the following key risks: Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BKYRR613 WKN: XX0XX0 Xxxxxx GP2LMR Common Code: 181977515 181974788 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. In the case of Capped Minimum Amount Securities, the Settlement Amount is at least equal to the Minimum Amount and does not exceed the Maximum Amount. The Settlement Amount is determined as follows:

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3L714 WKN: XX0XX0 Xxxxxx GP2K9A Valor: 126294170‌‌ Common Code: 181977515 181487356 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (* As values are nil they are not included in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As the financial statements as of 31 December 2022 (audited) (and in millions USD) (in millions USD) the financial statements as of 31 December 2021.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: Operating profit 36 78 Total assets 46,356 34,720 16,605 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) 184 Cash flows from operating activities (outflow) 6 1 4 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. investors.‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS3L714‌ WKN: XX0XX0 Xxxxxx GP2K9A Valor: 126294170‌ Common Code: 181977515 181487356 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 50,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Drop-Back Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3KN01‌ WKN: XX0XX0 Xxxxxx GP2K9V Valor: 126293614‌ Common Code: 181977515 181487585 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (* As values are nil they are not included in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As the financial statements as of 31 December 2022 (audited) (and in millions USD) (in millions USD) the financial statements as of 31 December 2021.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: Operating profit 36 78 Total assets 46,356 34,720 16,605 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) 184 Cash flows from operating activities (outflow) 6 1 4 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. investors.‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Drop-Back Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS3KN01‌ WKN: XX0XX0 Xxxxxx GP2K9V Valor: 126293614‌ Common Code: 181977515 181487585 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 5,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. Drop- Back Securities replicate an investment strategy that increases the investment in the Underlying in the event of a falling value of the Underlying in order to be able to participate in expected increases in the value of this Underlying.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Fixed Rate Securities linked to eBay Inc. (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B6V58 WKN: XX0XX0 Xxxxxx GP0TLL Common Code: 181977515 181976497 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Xxxxxxx. Competent authority The Base Prospectus was approved on 13 March 19 February 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the UnderlyingFixed Rate Securities. ISIN: JE00BS6B7Y54 JE00BS6B6V58 WKN: XX0XX0 Xxxxxx GP0TLL Common Code: 181977515 Underlying: eBay Inc. (ISIN: US2786421030) 181976497 Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 100,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment In the case of Fixed Rate Securities, the Security Holder receives at maturity a Settlement Amount equal to the Calculation Amount, subject to a termination of the Securities. Furthermore, the Security Holder receives on the Coupon Payment Date(s) an interest amount which is determined on the basis of the Calculation Amount and the coupon, i.e. the Fixed Coupon Rate. Settlement Date: 28 May 2026 Fixed Coupon Rate: The Fixed Coupon Rate is 2.80 per cent. p.a. Calculation Amount: EUR 1,000.00 Coupon Amount: Calculation Amount multiplied by the Fixed Coupon Rate considering the Coupon Day Count Fraction (30/360) Coupon Payment Date(s): Coupon Payment Date (1): 28 May 2025 Coupon Payment Date (2): 28 May 2026 Relative seniority of the Securities The Securities of each Series constitute direct, unsecured, and unsubordinated obligations of the Issuer, which rank equally among themselves and with all other present and future unsecured and unsubordinated obligations of the Issuer, save for those obligations that may be preferred by provisions of law that are mandatory and of general application. Restrictions on free transferability of the Securities Subject to potential selling restrictions, the Securities will be freely transferable. Application for admission to trading on a regulated market or for trading on an MTF An admission to trading or listing of the Securities is not intended. Nature and scope of the guarantee The obligations of Goldman Sachs Finance Corp International Ltd to pay of the Settlement Amount and any other amounts payable pursuant to the terms and conditions of the Securities are unconditionally and irrevocably guaranteed by the guarantee of The Goldman Sachs Group, Inc. The Guarantee will rank pari passu with all other unsecured and unsubordinated indebtedness of The Goldman Sachs Group, Inc. Brief description of the Guarantor The Goldman Sachs Group, Inc. Legal Entity Identifier (LEI): 784F5XWPLTWKTBV3E584 The Goldman Sachs Group, Inc. is organised in the State of Delaware in the United States as a corporation pursuant to the Delaware General Corporation Law, having unlimited duration and registration number 2923466. The business address of the directors of The Goldman Sachs Group, Inc. is 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Xxxxxx Xxxxxx. Relevant key financial information of the Guarantor The following table shows selected key historical financial information prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) in relation to the Guarantor which is derived from the audited con- solidated financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022: Summary information – income statement (in millions USD, except per share amounts) Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) Selected income statement data Net interest income 6,351 7,678 Commissions and fees 3,789 4,034 Provision for credit losses 1,028 2,715 Total net revenues 46,254 47,365 Pre-tax earnings 10,739 13,486 Net earnings applicable to common 7,907 10,764 shareholders Earnings per common share (basic) 23.05 30.42 Summary information – balance sheet (in millions USD) As of 31 December 2023 As of 31 December 2022 (audited) (audited) Total assets 1,641,594 1,441,799 Unsecured borrowings excluding 304,871 295,163 subordinated borrowings Subordinated borrowings 12,951 12,936 Customer and other receivables 132,495 135,448 Customer and other payables 230,728 262,045 Total liabilities and shareholders’ equity 1,641,594 1,441,799 (in percent) Common Equity Tier 1 (CET1) capital ratio 14.4 15.0 (Standardized) Total capital ratio (Standardized) 18.1 19.1 Tier 1 leverage ratio 7.0 7.3 Most material risk factors pertaining to the Guarantor The Guarantor is subject to the following key risks: • Security Holders are exposed to the creditworthiness of GSG as guarantor of the Securities. GSG faces a variety of risks that are substantial and inherent in its businesses, including the following risks: Market risks, liquidity risks, credit risks, market developments and general business environment risks, operational risks, legal and regulatory risks and competition risks. If one of these risks materializes this may negatively affect GSG's earnings and/or finan- cial condition and, therefore, its ability to fulfil payment obligations as Guarantor under the Securities. In the event that neither GSFCI nor GSG are able to fulfil their obligations under the Securities the security holder may suffer a loss or even a total loss. The specific risk factors related to the Securities are described below: • In the case of Fixed Rate Securities, the Settlement Amount at the end of the term equals the Calculation Amount. The risk of loss to the Security Holder is accordingly limited to the difference between the capital invested to purchase the Securities (including transaction costs incurred) and the Calculation Amount plus coupon payments. However, the Security Holder remains exposed to the risks of the Issuer and the Guarantor, so the Security Holder may lose all the capital invested to purchase the Securities (including transaction costs incurred) on an insolvency of the Issuer and the Guarantor. For this reason among others, Fixed Rate Securities may be traded during their term at a price below the Calculation Amount. Security Holders may therefore not rely on being able to sell their purchased Securi- ties at any time during the term at a price equal to or above the Calculation Amount. • The Securities provide during their term for a fixed coupon which is specified at the time of issuance. The Security Holder does not participate in an increase in market interest rates. In the case of increasing market interest rates, there is the risk with Securities with a fixed coupon that the price of the Securities may decrease during the term. • The Conditions of the Securities may provide for extraordinary termination by the Issuer in certain cases so that the Security Holder bears a risk of loss as the termination amount may be below the market price of the Securities. The Security Holder also bears the reinvestment risk in relation to the termination amount. • Security Holders bear the risk that the Securities cannot be sold at a specific time or at a specific price during their term. General terms, conditions and expected timetable of the offer Start of offer in Germany: 6 May 2024 Issue Price for subscriptions during the subscription period: EUR 1,000.00 Issue Date: 31 May 2024 The Securities are offered for subscription during the subscription period, i.e. from the start of offer in the respective offer state to including 27 May 2024. The Issuer reserves the right to end the subscription period early. The Issuer is not obliged to accept subscription applications. Partial allocations are possible (in particular in the event of oversubscription). The Issuer is not obliged to issue subscribed Securities. Estimate of the total expenses charged to the investor The product-specific entry costs included in the Issue Price are EUR 16.00. These costs are calculated based on the Issue Price above; for any costs at the time of the purchase of the Securities the cost disclosure under Directive 2014/65/EU and Commission Delegated Regulation (EU) 0000/000 (XxXXX II Cost Disclosure) is relevant. The calculation of costs may change over the term of the Securities. The MiFID II Cost Disclosure includes also non-product specific costs which may be charged by a third party to the investor which have to be separately disclosed by the third party. Offeror See the item entitled "The Offeror(s)" above. Use and estimated net amount of the proceeds The proceeds from the Securities are used to hedge the payment obligations arising from the issuance of the Securities pursuant with agreement with Goldman Sachs International and for purposes of the Issuer's ordinary business activities (in any case the Issuer is free in the use of the proceeds of an issue of Securities). Date of underwriting agreement 6 May 2024

Appears in 1 contract

Samples: www.deka.de

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B3Y74 WKN: XX0XX0 Xxxxxx GP2LMU Common Code: 181977515 181974826 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B3Y74 WKN: XX0XX0 Xxxxxx GP2LMU Common Code: 181977515 181974826 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BDXBQ020 WKN: XX0XX0 Xxxxxx GP2K9Y Common Code: 181977515 181980753 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: x Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. x Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. x Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BDXBQ020 WKN: XX0XX0 Xxxxxx GP2K9Y Common Code: 181977515 181980753 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Quanto Autocallable Securities linked to eBay Inc. the S&P 500® Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBB9G27 WKN: XX0XX0 Xxxxxx GZ4V1P Valor: 34129977 Common Code: 181977515 181485728 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBB9G27 WKN: XX0XX0 Xxxxxx GZ4V1P Valor: 34129977 Common Code: 181977515 181485728 Underlying: eBay Inc. S&P 500® Index (ISINReuters Code: US2786421030.SPX) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed early, whereby the Settlement Amount equals the Calculation Amount multiplied by the Settlement Factor applicable to

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Xxxxxx.xxx, Inc. (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS32F65 WKN: XX0XX0 Xxxxxx GK1T7G Valor: 117746753 Common Code: 181977515 198686778 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 8 July 2021 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx XxxxxXxxxx Xxxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx Xxxxxxxxx Xxxxxxxx Mertz and Xxxxxxx Xxx Xxx XxxxXxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 20222020. Summary information – income statement Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 78 38 Summary information – balance sheet As of 31 December 2023 2021 (audited) As of 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 16,605 15,518 Total shareholder’s equity 337 709 184 48 Summary information – cash flow Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 4 (131) Cash flows from financing activities N/A N/A 125 Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the financial statements as of 31 December 20222020. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS32F65 WKN: XX0XX0 Xxxxxx GK1T7G Valor: 117746753 Common Code: 181977515 198686778 Underlying: eBay Xxxxxx.xxx, Inc. (ISIN: US2786421030US0231351067) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar ("USD"). Issue Size: 10,000 15,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBBN372 WKN: XX0XX0 Xxxxxx GK9FV3 Valor: 41819698 Common Code: 181977515 181484551 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 20222020. Summary information – income statement Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 78 38 Summary information – balance sheet As of 31 December 2023 2021 (audited) As of 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 16,605 15,518 Total shareholder’s equity 337 709 184 48 Summary information – cash flow Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 4 (131) Cash flows from financing activities N/A N/A 125 Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the financial statements as of 31 December 20222020. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBBN372 WKN: XX0XX0 Xxxxxx GK9FV3 Valor: 41819698 Common Code: 181977515 181484551 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Drop-Back Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BKYRRC75‌ WKN: XX0XX0 Xxxxxx GP2K67 Valor: 125102501‌ Common Code: 181977515 181486562 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 2022. 30 June 2022.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: risks:‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Drop-Back Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BKYRRC75‌ WKN: XX0XX0 Xxxxxx GP2K67 Valor: 125102501‌ Common Code: 181977515 181486562 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 5,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. Drop- Back Securities replicate an investment strategy that increases the investment in the Underlying in the event of a falling value of the Underlying in order to be able to participate in expected increases in the value of this Underlying. The Securities are characterised by the fact that the level of the Settlement Amount of Drop-Back Securities depends on the performance of the Underlying and whether and/or how many Drop-Back Barrier Events have occurred during the term. Drop-Back Securities have the characteristic such that at the beginning of the term only a part of the Calculation Amount, the so-called Initial Investment Amount, is invested in the Underlying. From the remaining part of the Calculation Amount, the so-called Final Remaining Denomination, the respective Subsequent Investment Amount(i) allocated to the respective

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBB6X86 WKN: XX0XX0 Xxxxxx GP0TLU Common Code: 181977515 181980613 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBB6X86 WKN: XX0XX0 Xxxxxx GP0TLU Common Code: 181977515 181980613 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B6Y89 WKN: XX0XX0 Xxxxxx GP2LNU Common Code: 181977515 181976535 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B6Y89 WKN: XX0XX0 Xxxxxx GP2LNU Common Code: 181977515 181976535 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the DAX® (Performance Index) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS31711 WKN: XX0XX0 Xxxxxx GK1T8A Valor: 119840752 Common Code: 181977515 239024793 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 20222020. Summary information – income statement Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (auditedau- dited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 78 38 Summary information – balance sheet As of 31 December 2023 2021 (audited) As of 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 16,605 15,518 Total shareholder’s equity 337 709 184 48 Summary information – cash flow Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Cash flows from operating activities ac- tivities (outflow) 6 1 4 (131) Cash flows from financing activities ac- tivities N/A N/A 125 Cash flows from investing activities ac- tivities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the financial statements as of 31 December 20222020. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS31711 WKN: XX0XX0 Xxxxxx GK1T8A Valor: 119840752 Common Code: 181977515 239024793 Underlying: eBay Inc. DAX® (ISINPerformance Index) (Reuters Code: US2786421030.GDAXI) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B9R28 WKN: XX0XX0 Xxxxxx GP2K7G‌ Common Code: 181977515 181978252 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) audited)‌ Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit profit‌‌ 62 36 Summary information – balance sheet As of 31 December 2023 (audited) audited)‌ As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets assets‌‌ 46,356 34,720 Total shareholder’s equity equity‌‌ 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) audited)‌ Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) outflow)‌‌ 6 1 Cash flows from financing activities activities‌ N/A N/A Cash flows from investing activities activities‌ 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: risks:‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B9R28‌ WKN: XX0XX0 Xxxxxx GP2K7G Common Code: 181977515 181978252 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 50,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. Germany.‌ The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the DAX® (Performance Index) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2W648 WKN: XX0XX0 Xxxxxx GK9FVP Valor: 41820302 Common Code: 181977515 181484985 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2W648 WKN: XX0XX0 Xxxxxx GK9FVP Valor: 41820302 Common Code: 181977515 181484985 Underlying: eBay Inc. DAX® (ISINPerformance Index) (Reuters Code: US2786421030.GDAXI) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed early, whereby the Settlement Amount equals the Calculation Amount multiplied by the Settlement Factor applicable to

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3Q325‌ WKN: XX0XX0 Xxxxxx GP2K8G Common Code: 181977515 181491493 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022. for the six months ended 30 June 2023.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. investors.‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 WKNXX00XXX0X000 XXX: XX0XX0 Xxxxxx GP2K8G Common Code: 181977515 181491493 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 5,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2T305 WKN: XX0XX0 Xxxxxx GZ4V0M Valor: 34129610 Common Code: 181977515 181485540 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2T305 WKN: XX0XX0 Xxxxxx GZ4V0M Valor: 34129610 Common Code: 181977515 181485540 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed early, whereby the Settlement Amount equals the Calculation Amount multiplied by the Settlement Factor applicable to the relevant Valuation Date. If an early redemption does not occur, the performance of the Underlying determines the level of the Settlement Amount: (i) If the Reference Price is equal to or above the Final Settlement Level, the Settlement Amount is the Calculation Amount

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6BC064 WKN: XX0XX0 Xxxxxx GP2LJN Common Code: 181977515 181979348 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* investing activities * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6BC064 WKN: XX0XX0 Xxxxxx GP2LJN Common Code: 181977515 181979348 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: www.deka.de

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the DAX® (Performance Index) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBBF865 WKN: XX0XX0 Xxxxxx GP2LBG Common Code: 181977515 181488301 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2022 and in the financial statements as of 31 December 20222021. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business Operating profit 36 78 Total assets 34,720 16,605 Total shareholder’s equity 709 184 Cash flows from operating activities (outflow) 1 4 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBBF865 WKN: XX0XX0 Xxxxxx GP2LBG Common Code: 181977515 181488301 Underlying: eBay Inc. DAX® (ISINPerformance Index) (Reuters Code: US2786421030.GDAXI) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. In the case of Capped Minimum Amount Securities, the Settlement Amount is at least equal to the Minimum Amount and does not exceed the Maximum Amount. The Settlement Amount is determined as follows: (i) If the Reference Price is equal to or below 100.00 per cent. of the Initial Reference Price, Security Holders receive the Minimum Amount on the Settlement Date.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2S117 WKN: XX0XX0 Xxxxxx GP2LGR Common Code: 181977515 181493151 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2S117 WKN: XX0XX0 Xxxxxx GP2LGR Common Code: 181977515 181493151 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3LP99 WKN: XX0XX0 Xxxxxx GP2LMS Common Code: 181977515 181974796 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. The Issuer is subject to the following key risks: Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS3LP99 WKN: XX0XX0 Xxxxxx GP2LMS Common Code: 181977515 181974796 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. In the case of Capped Minimum Amount Securities, the Settlement Amount is at least equal to the Minimum Amount and does not exceed the Maximum Amount. The Settlement Amount is determined as follows:

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2TH43 WKN: XX0XX0 Xxxxxx GP2LLE Common Code: 181977515 181973005 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. The Issuer is subject to the following key risks: Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2TH43 WKN: XX0XX0 Xxxxxx GP2LLE Common Code: 181977515 181973005 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B8R52 WKN: XX0XX0 Xxxxxx GP2LPU Common Code: 181977515 181977752 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B8R52 WKN: XX0XX0 Xxxxxx GP2LPU Common Code: 181977515 181977752 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B9V63 WKN: XX0XX0 Xxxxxx GP2LK4 Common Code: 181977515 181979127 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B9V63 WKN: XX0XX0 Xxxxxx GP2LK4 Common Code: 181977515 181979127 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 WKNXX00XXX0XX00 XXX: XX0XX0 Xxxxxx GP2LGE Common Code: 181977515 181493615 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 WKNXX00XXX0XX00 XXX: XX0XX0 Xxxxxx GP2LGE Common Code: 181977515 181493615 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2SV12 WKN: XX0XX0 Xxxxxx GP2LE5 Common Code: 181977515 181492635 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2SV12 WKN: XX0XX0 Xxxxxx GP2LE5 Common Code: 181977515 181492635 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: www.deka.de

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 WKNXX00XXXXX000 XXX: XX0XX0 Xxxxxx GP2K9P Common Code: 181977515 181980702 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 WKNXX00XXXXX000 XXX: XX0XX0 Xxxxxx GP2K9P Common Code: 181977515 181980702 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Minimum Amount Securities linked to eBay Inc. the MSCI World Select ESG 30 (Price EUR) Index (the "Securities"). ISIN: JE00BS6B7Y54 XS2481003890 WKN: XX0XX0 Xxxxxx GK1T7Q Valor: 113596061 Common Code: 181977515 248100389 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 8 July 2021 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx XxxxxXxxxx Xxxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx Xxxxxxxxx Xxxxxxxx Mertz and Xxxxxxx Xxx Xxx XxxxXxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 20222020. Summary information – income statement Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 78 38 Summary information – balance sheet As of 31 December 2023 2021 (auditedau- dited) As of 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 16,605 15,518 Total shareholder’s equity 337 709 184 48 Summary information – cash flow Year ended 31 December 2023 2021 (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Cash flows from operating activities ac- tivities (outflow) 6 1 4 (131) Cash flows from financing activities ac- tivities N/A N/A 125 Cash flows from investing activities ac- tivities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the financial statements as of 31 December 20222020. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 XS2481003890 WKN: XX0XX0 Xxxxxx GK1T7Q Valor: 113596061 Common Code: 181977515 248100389 Underlying: eBay Inc. MSCI World Select ESG 30 (ISINPrice EUR) Index (Reuters Code: US2786421030.MIWO000S2PEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities The Securities have a fixed maturity. EUR 5,000,000 Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3HR36 WKN: XX0XX0 Xxxxxx GP2LAD Valor: 127132681‌‌ Common Code: 181977515 181487836 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (* As values are nil they are not included in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As the financial statements as of 31 December 2022 (audited) (and in millions USD) (in millions USD) the financial statements as of 31 December 2021.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: Operating profit 36 78 Total assets 46,356 34,720 16,605 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) 184 Cash flows from operating activities (outflow) 6 1 4 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. investors.‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS3HR36‌ WKN: XX0XX0 Xxxxxx GP2LAD Valor: 127132681‌ Common Code: 181977515 181487836 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 50,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2Z328 WKN: XX0XX0 Xxxxxx GK9FVM Valor: 41819947 Common Code: 181977515 181484756 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2Z328 WKN: XX0XX0 Xxxxxx GK9FVM Valor: 41819947 Common Code: 181977515 181484756 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed early, whereby the Settlement Amount equals the Calculation Amount multiplied by the Settlement Factor applicable to the relevant Valuation Date. If an early redemption does not occur, the performance of the Underlying determines the level of the Settlement Amount: (i) If the Reference Price is equal to or above the Final Settlement Level, the Settlement Amount is the Calculation Amount

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS3G987‌ WKN: XX0XX0 Xxxxxx GP2LAH Valor: 127132799‌ Common Code: 181977515 181487879 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 17 March 2024 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (* As values are nil they are not included in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As the financial statements as of 31 December 2022 (audited) (and in millions USD) (in millions USD) the financial statements as of 31 December 2021.‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ The Issuer is subject to the following key risks: Operating profit 36 78 Total assets 46,356 34,720 16,605 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) 184 Cash flows from operating activities (outflow) 6 1 4 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. investors.‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS3G987 WKN: XX0XX0 Xxxxxx GP2LAH Valor: 127132799 Common Code: 181977515 181487879 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities 5,000 Securities‌ The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment‌ There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2T529 WKN: XX0XX0 Xxxxxx GZ4V1S Valor: 34129586 Common Code: 181977515 181485515 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (outflow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2T529 WKN: XX0XX0 Xxxxxx GZ4V1S Valor: 34129586 Common Code: 181977515 181485515 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. In the case of Capped Minimum Amount Securities, the Settlement Amount is at least equal to the Minimum Amount and does not exceed the Maximum Amount. The Settlement Amount is determined as follows: (i) If the Reference Price is equal to or below the Initial Reference Price, Security Holders receive the Minimum Amount on the Settlement Date.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Step Up & Step Down Securities linked to eBay Inc. (the "Securities"). ISIN: JE00BS6B7Y54 XS2688686075 WKN: XX0XX0 Xxxxxx GP2LD4 Common Code: 181977515 268868607 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Xxxxxxx. Competent authority The Base Prospectus was approved on 13 March 2024 23 February 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2022 and 31 December 2022 2021 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2022 for each of the two years in the period ended 31 December 2023 2022 and 31 December 20222021 and from the unaudited interim financial statements for the six months ended 30 June 2023. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and 2022 and/or in the interim financial statements as of 31 December 2022for the six months ended 30 June 2023. Operating profit/(loss) 36 78 78 (23) Total assets 34,720 16,605 39,858 Total shareholder’s equity 709 184 514 Cash flows from operating activities (outflow) 1 4 3 24 Cash flows from financing activities N/A N/A 0* 0* Cash flows from investing activities 0* 0* 0* 0* The Issuer is subject to the following key risks: x Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. x Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. x Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the UnderlyingStep Up & Step Down Securities. ISIN: JE00BS6B7Y54 XS2688686075 WKN: XX0XX0 Xxxxxx GP2LD4 Common Code: 181977515 Underlying: eBay Inc. (ISIN: US2786421030) 268868607 Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 Securities EUR 50,000,000 The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment In the case of Step Up & Step Down Securities, the Security Holder receives at maturity a Settlement Amount equal to the Nominal, subject to a termination of the Securities. Furthermore, the Security Holder receives on the Coupon Payment Date(s) an interest amount which is determined on the basis of the Nominal and a fixed coupon, i.e. the Fixed Step Rate for the respective Coupon Period in the Fixed Step Rate Period (as set out below). Settlement Date: 26 February 2029 Coupon Period: Means each period commencing on (and including) the Coupon Commencement Date or any Coupon Payment Date and ending on (but excluding) the next Coupon Payment, and each Coupon Period shall commence on or end on, as the case may be, the date on which the relevant Coupon Payment Date is scheduled to fall, disregarding any adjustment in accordance with the Business Day Convention (if any). Business Day Convention: If the Coupon Payment Date falls on a date which is not a Payment Date, the Coupon Payment Date shall not be adjusted in accordance with any Business Day Convention. Nominal: EUR 1,000.00 Coupon Amount: Nominal multiplied by the Fixed Step Rate considering the Coupon Day Count Fraction (30/360) Coupon Payment Date(s): Coupon Payment Date (1): 26 February 2025 Coupon Payment Date (2): 26 February 2026 Coupon Payment Date (3): 26 February 2027 Coupon Payment Date (4): 26 February 2028 Coupon Payment Date (5): 26 February 2029 Relative seniority of the Securities The Securities of each Series constitute direct, unsecured, and unsubordinated obligations of the Issuer, which rank equally among themselves and with all other present and future unsecured and unsubordinated obligations of the Issuer, save for those obligations that may be preferred by provisions of law that are mandatory and of general application. Restrictions on free transferability of the Securities Subject to potential selling restrictions, the Securities will be freely transferable. Application for admission to trading on a regulated market or for trading on an MTF Stuttgart Stock Exchange Nature and scope of the guarantee The obligations of Goldman Sachs Finance Corp International Ltd to pay of the Settlement Amount and any other amounts payable pursuant to the terms and conditions of the Securities are unconditionally and irrevocably guaranteed by the guarantee of The Goldman Sachs Group, Inc. The Guarantee will rank pari passu with all other unsecured and unsubordinated indebtedness of The Goldman Sachs Group, Inc. Coupon Period Fixed Step Rate Period Fixed Step Rate 1 From (including) 26 February 2024 till (excluding) 26 February 2025 2.75 per cent. per annum

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BGBBCB82 WKN: XX0XX0 Xxxxxx GZ4V1L Valor: 41820435 Common Code: 181977515 181485957 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. Ltd are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 2020 and from unaudited interim financial statements for the six months ended 30 June 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the interim financial statements as of 31 December 30 June 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business Operating profit/(loss) 78 38 (23) 48 Total assets 16,605 15,518 24,652 Total shareholder’s equity 184 48 817 Cash flows from operating activities (out- flow) 4 (131) 24 11 Cash flows from financing activities N/A 125 0* 0* Cash flows from investing activities 0* 0* 0* 0* activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BGBBCB82 WKN: XX0XX0 Xxxxxx GZ4V1L Valor: 41820435 Common Code: 181977515 181485957 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.. Effect of underlying instrument(s) on value of investment There is a relationship between the economic value of the Securities and the economic value of the Underlying. The value of the Security will typically fall if the price of the Underlying falls. The Securities have the characteristic such that the level of the Settlement Amount and the time for redemption of the Securities depend on whether the Underlying Price has reached or exceeded the Settlement Level on a certain Valuation Date ("Early Settlement Event"). If this is the case, the term of the Securities ends early and the Securities are redeemed early, whereby the Settlement Amount equals the Calculation Amount multiplied by the Settlement Factor applicable to

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B8193 WKN: XX0XX0 Xxxxxx GP2LPE Common Code: 181977515 181977639 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B8193 WKN: XX0XX0 Xxxxxx GP2LPE Common Code: 181977515 181977639 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the MSCI World 4.5% Decrement Index (the "Securities"). ISIN: JE00BS6B7Y54 JE00BS6B7R87 WKN: XX0XX0 Xxxxxx GP2LPB Common Code: 181977515 181977582 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Xxxxx-Xxxxx-Xxx. 00-00, 00000 Xxxxxxxxx, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BS6B7R87 WKN: XX0XX0 Xxxxxx GP2LPB Common Code: 181977515 181977582 Underlying: eBay Inc. MSCI World 4.5% Decrement Index (ISINReuters Code: US2786421030.MIWO04500DEU) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number number‌ The present securities are Autocallable Capped Minimum Amount Securities linked to eBay Inc. the STOXX Global Select Dividend 100 Index (EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS31C69 WKN: XX0XX0 Xxxxxx GK1T77 Valor: 41819514‌‌ Common Code: 181977515 181484373 The Issuer Issuer‌ Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Offeror(s)‌ Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority authority‌ The Base Prospectus was approved on 13 March 2024 6 July 2022 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMarie- Curie-XxxxxStr. 24-Xxx. 00-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation incorporation‌ Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors Directors‌ The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx XxxxXxxxxx Xxxxxxxx. Statutory Auditors Auditors‌ The annual financial statements of GSFCI for the periods ended 31 December 2023 2021 and 31 December 2022 2020 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 2021 for each of the two years in the period ended 31 December 2023 2021 and 31 December 20222020. Summary information – income statement Year ended 31 December 2023 2021‌ (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 profit‌‌ 78 38 Summary information – balance sheet As of 31 December 2023 2021‌ (audited) As of 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 assets‌‌ 16,605 15,518 Total shareholder’s equity 337 709 equity‌‌ 184 48 Summary information – cash flow Year ended 31 December 2023 2021‌ (audited) Year ended 31 December 2022 2020 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflowoutflow)‌‌ 4 (131) 6 1 Cash flows from financing activities activities‌‌ N/A N/A 125 Cash flows from investing activities activities‌ 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 2021 and in the financial statements as of 31 December 20222020. The Issuer is subject to the following key risks: risks:‌ • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 20222019. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities Securities‌ The present Securities are Autocallable Capped Minimum Amount Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS31C69‌ WKN: XX0XX0 Xxxxxx GK1T77 Valor: 41819514‌ Common Code: 181977515 181484373 Underlying: eBay Inc. STOXX Global Select Dividend 100 Index (ISINEUR) (Reuters Code: US2786421030.SDGP) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue issues size, term of the Securities Securities‌ The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 5,000 Securities The Securities have a fixed maturity. Rights attached to the Securities Securities‌ The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

Appears in 1 contract

Samples: assets.ctfassets.net

Introduction. Description and securities identification number The present securities are Autocallable Securities linked to eBay Inc. the EURO STOXX 50® Index (Price EUR) (the "Securities"). ISIN: JE00BS6B7Y54 JE00BLS2W192 WKN: XX0XX0 Xxxxxx GP2LK3 Common Code: 181977515 181979119 The Issuer Goldman Sachs Finance Corp International ("GSFCI"). Its registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX and its Legal Entity Identifier (LEI) is 549300KQWCT26VXWW684. The Offeror(s) Goldman Sachs Bank Europe SE, Legal Entity Identifier (LEI): 8IBZUGJ7JPLH368JE346; Contact details: Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx Competent authority The Base Prospectus was approved on 13 March 2024 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), XxxxxMa- rie-XxxxxCurie-XxxStr. 0024-0028, 00000 Xxxxxxxxx60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman Sachs Finance Corp International Ltd ("GSFCI") was incorporated in Jersey on 19 October 2016 as a public company with limited liability under the Companies (Jersey) Law 1991 for an unlimited duration. GSFCI's registered office is at 00 Xxxxxxxxx Xxxxxx, Xx. Xxxxxx, Xxxxxx XX0 0XX. GSFCI is registered with the Companies Registry in Jersey with registration number 122341. It has the following legal entity identifier (LEI): 549300KQWCT26VXWW684 Principal Activities GSFCI has been established for the purpose of issuing debt securities (including structured notes, warrants and certificates) in a number of European and Asian markets (e.g. Switzerland, France, The Netherlands, United Kingdom, Hong Kong and Singapore), lending and entering into derivatives transactions with its affiliates. The securities issued by GSFCI are sold to Goldman Sachs International ("GSI") or an appropriately licensed affiliate of GSI. GSFCI issues debt securities primarily to raise funding which is lent to other members of the corporate group. Major Shareholders The Issuer is a wholly-owned subsidiary of GS Global Markets, Inc. ("GS GM"). GS GM is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. All shares of the Issuer are held by GS GM. Key Managing Directors The directors of Goldman Sachs Finance Corp International Ltd. are Xxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxx XxXxxxx, Xx Xxxxxxxx and Xxxxxxx Xxx Xxx Xxxx. Statutory Auditors The annual financial statements of GSFCI for the periods ended 31 December 2023 and 31 December 2022 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More Xxxxxx Xxxxxxxxx, Xxxxxx, XX0 0XX in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. The following table shows selected key historical financial information prepared in accordance with International Financial Reporting Standards ("IFRS") in relation to the Issuer which is derived from the audited financial statements as of 31 December 2023 for each of the two years in the period ended 31 December 2023 and 31 December 2022. Summary information – income statement Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Selected income statement data Operating profit 62 36 Summary information – balance sheet As of 31 December 2023 (audited) As of 31 December 2022 (audited) (in millions USD) (in millions USD) Total assets 46,356 34,720 Total shareholder’s equity 337 709 Summary information – cash flow Year ended 31 December 2023 (audited) Year ended 31 December 2022 (audited) (in millions USD) (in millions USD) Cash flows from operating activities (outflow) 6 1 Cash flows from financing activities N/A N/A Cash flows from investing activities 0* 0* * As values are nil they are not included in the financial statements as of 31 December 2023 and in the financial statements as of 31 December 2022. The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the nature of GSFCI as an issuance vehicle with limited assets. Besides issuing debt securities, lending these proceeds to affiliates and entering into derivative transactions with affiliates for hedging purposes GSFCI does not carry out any other operating business activities. The issued share capital of GSFCI amounts to USD 10,000,000 only as at 31 December 2022. Investors are therefore exposed to a significantly greater credit risk by purchasing the Securities compared to securities issued by an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSFCI, an investment in a security issued by GSFCI may mean the complete loss of the invested amount (risk of total loss), if the risk cannot be absorbed by a guarantee issued by The Goldman Sachs Group, Inc. ("GSG") in favor of the investors. • Investors are exposed to the risks relating to the creditworthiness of GSFCI due to the dependency of GSFCI on hedging arrangements. To hedge its claims arising from the issued securities, GSFCI enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSFCI is exposed to the risk of default and insolvency risk of the parties with whom GSFCI concludes hedging transactions. Since GSFCI enters into such hedging transactions primarily with Goldman Sachs entities, GSFCI is exposed to a so-called cluster risk. Therefore, an illiquidity or insolvency of companies affiliated with GSFCI may directly result in an insolvency of GSFCI. • Investors are exposed to the risk relating to the creditworthiness of GSFCI as a subsidiary of GSG. GSCFI is an indirect, wholly-owned subsidiary of GSG and depends on GSG for capital. The credit ratings of GSG are important to GSFCI’s liquidity. A reduction in GSG’s credit ratings could adversely affect GSFCI’s liquidity and competitive position, increase borrowing costs or limit access to the capital markets. There is no rating of the company regarding its credit risk. GSCFI’s liquidity could be impaired by an inability to access unsecured debt markets, an inability to access funds from GSG, or unforeseen outflows of cash. An insolvency of GSFCI may occur despite of the fact that GSFCI is an indirect subsidiary of GSG. A potential failure of GSG or a company affiliated with GSG and measures taken in accordance with the U.S. Resolution Regimes may also affect GSFCI. Except for the guarantee of GSG or another Goldman Sachs entity no further credit enhancement is provided. As a consequence, in case the hedging arrangements prove to be insufficient to satisfy the claims of all holders and the guarantor fails to satisfy the liabilities arising from the guarantee, investors may lose parts of their investment or their entire investment (risk of total loss). Product type, underlying, type and class of the Securities The present Securities are Autocallable Securities linked to the Underlying. ISIN: JE00BS6B7Y54 JE00BLS2W192 WKN: XX0XX0 Xxxxxx GP2LK3 Common Code: 181977515 181979119 Underlying: eBay Inc. EURO STOXX 50® Index (ISINPrice EUR) (Reuters Code: US2786421030.STOXX50E) Securities issued by the Issuer are bearer notes and will be represented by a permanent global bearer note (the "Global Bearer Note"). The Global Bearer Note is deposited with Euroclear Bank SA/NV, 1 Boulevard du Roi Xxxxxx XX, B-1210 Brussels, and/or Clearstream Banking, société anonyme, 00 Xxxxxx XX Xxxxxxx, X-0000 Xxxxxxxxxx (xxx "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is US-Dollar Euro ("USDEUR"). Issue Size: 10,000 50,000 Securities The Securities have a fixed maturity. Rights attached to the Securities The form and content of the Securities and all rights and obligations of the Issuer and of the Security Holders will be governed by, and construed in all respects in accordance with the laws of Germany. The form and content of the Guarantee Guaran- tee and all rights and obligations arising out of or in connection with it are governed by the laws of Germany. The Securities give the right to each holder of Securities to receive a potential return on the Securities.

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Samples: assets.ctfassets.net