GS Quartix Mo.St.o.t.B.C.I.T.R.Pf.Z USD/  LU1239617225  /

The investment objective of the Sub-Fund is to track the Goldman Sachs Modified Strategy D266 on the Bloomberg Commodity Index Total Return (the "Strategy"). The product provides the potential for capital growth. What you will receive at the end of the recommended holding period, as further described below, is not certain and will depend on the performance of the Strategy. The Strategy seeks to outperform the Bloomberg Commodity Index Total Return (the "Index") by making certain adjustments to the methodology for calculating the Index, in order to capture prevailing market conditions and/or seasonal supply and demand for, or trading patterns of, the underlying commodities, as further described below. These adjustments are intended to enhance the performance of the Strategy over that of the Index. If the value of the Strategy rises, the value of your investment should also rise. If the value of the Strategy falls, the value of your investment should also fall. The Index aims to provide a broadly diversified representation of commodity markets as an asset class. The Index represents more than 20 commodities. The Index, and therefore the Strategy, is not exposed to each constituent commodity equally. Like the Index, the Strategy is made up of commodity futures. The Sub-Fund will not invest directly in the futures that make up the Strategy. Instead, the Sub-Fund will gain exposure to the Strategy under financial contracts entered into with counterparties (which may include Goldman Sachs International).

The investment objective of the Sub-Fund is to track the Goldman Sachs Modified Strategy D266 on the Bloomberg Commodity Index Total Return (the "Strategy"). The product provides the potential for capital growth. What you will receive at the end of the recommended holding period, as further described below, is not certain and will depend on the performance of the Strategy.