Introduction. Description and securities identification number The present securities are Quanto Autocallable Securities linked to the ICE Xxxxx Crude Oil Future (Generic Front Month Future) (the "Securities"). ISIN: DE000GQ666A3 WKN: GQ666A Valor: 34129217 Common Code: 163608430 The Issuer Xxxxxxx, Sachs & Co. Wertpapier GmbH ("GSW"). Its registered office is at Marienturm, Xxxxxxxxxxxx 0-00, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx and its Legal Entity Identifier (LEI) is 549300CRL28LF3CSEA14. 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 17 March 2023 by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin"), Ma- rie-Curie-Str. 24-28, 60439 Frankfurt, Federal Republic of Germany (phone number: +00 (0)000 00000). Domicile and legal form, legislation and country of incorporation Goldman, Sachs & Co. Wertpapier GmbH is a company with limited liability (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany. It has its seat in Frankfurt am Main and has been registered under the number HRB 34439 in the commercial register of the local court of Frankfurt am Main since 27 November 1991. The LEI of Goldman, Sachs & Co. Wertpapier GmbH is 549300CRL28LF3CSEA14. Principal Activities The purpose of Goldman, Sachs & Co. Wertpapier GmbH is to issue fungible securities as well as the conduct of financial transactions and auxiliary transactions for financial transactions. GSW is neither engaged in banking transactions as de- fined in Section 1 of the German Banking Act nor in business operations as defined by Section 34 c of the German Indus- trial Code. Key Managing Directors The managing director (Geschäftsführer) of Goldman, Sachs & Co. Wertpapier GmbH is Xxxxxxx Xxxxxxx. Statutory Auditors Mazars GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Xxxxxxx-Xxxxx-Xxx 0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx are the independent auditors of the Issuer and have audited the historical financial infor- mation of the Issuer for the financial years ended 31 December 2022 and 31 December 2021 and have issued an unqualified auditor's report (Bestätigungsvermerk) in each case. The following key financial information (prepared in accordance with rules laid down in the German Commercial Code (Handelsgesetzbuch - HGB)) has been extracted from the audited financial statement of the Issuer as of 31 December 2022 for each of the years ended 31 December 2022 and 31 December 2021 and from the unaudited half year report for the six months ended 30 June 2023. Summary information – income statement (in thousands EUR) Year ended Year ended Six months Six months 31 December 31 December ended 30 ended 30 2022 (audi- 2021 (audi- June 2023 June 2022 ted) ted) (unaudited) (unaudited) Selected income statement data Income taxes -103 -462 -60 -70 Income after taxes / Net income for the year 239 985 109 150 Summary information – balance sheet (in thousands EUR) As at 31 December As at 31 December As at 30 June 2023 2022 (audited) 2021 (audited) (unaudited) Total assets 7,888,236 6,754,017 7,475,516 Capital and reserves 9,887 9,648 2,996 Summary information – cash flow (in thousands EUR) As at 31 December 2022 (audited) As at 31 December 2021 (audited) As at 30 June 2023 (unaudited) Cash flows from operating activities 1,518 3,318 -2,086 Cash flows from financing activities 0 0 -7,000 Cash flows from investing activities 0 0 0 The Issuer is subject to the following key risks: • Investors are exposed to the risks relating to the creditworthiness of GSW due to the nature of GSW as an issuance vehicle with limited assets. Besides issuing fungible securities GSW does not carry out any further operating business activity and the issued share capital of GSW amounts to EUR 51,129.19 (DM 100,000.00) only. Investors are there- fore exposed to a significantly greater credit risk by purchasing the securities compared to an issuer equipped with significantly more capital. In an extreme case, i.e. the insolvency of GSW, an investment in a security issued by GSW 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 GSW due to the dependency of GSW on hedging and related lending arrangements. To hedge its claims arising from the issued securities, GSW enters into hedging transactions with Goldman Sachs International and potentially going forward with other Goldman Sachs entities. In connection therewith, GSW is exposed to the risk of default and insolvency risk of the parties with whom GSW concludes hedging transactions or related lending transactions. Since GSW enters into such hedging and lending transactions primarily with Goldman Sachs entities, GSW is exposed to a so-called cluster risk. Therefore, an il- liquidity or insolvency of companies affiliated with GSW may directly result in an insolvency of GSW. • Investors are exposed to the risk relating to the creditworthiness of GSW as a subsidiary of GSG. An insolvency of GSW may occur despite of the fact that GSW is a 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 GSW. 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 Quanto Autocallable Securities linked to the Underlying. ISIN: DE000GQ666A3 WKN: GQ666A Valor: 34129217 Common Code: 163608430 Underlying: ICE Xxxxx Xxxxx Oil Future (Generic Front Month Future) (Bloomberg Page: CO1 Comdty & CO2 Comdty) 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 Clearstream Banking AG, Frankfurt am Main, Xxxxxxxxxxxxxxxxx 00, 00000 Xxxxxxxx, Xxxxxxx (the "Relevant Clearing System"). Currency, issue size, term of the Securities The Settlement Currency of the Securities is Euro ("EUR"). Issue Size: EUR 10,000,000 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 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 Nominal 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:

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