Loans are offered by the Salt Lake City branch of Goldman Sachs Bank USA (“GS Bank”), a New York State–chartered bank and a wholly-owned subsidiary of The Goldman Sachs Group, Inc. GS Bank is a member of the Federal Reserve System and Member FDIC. Goldman Sachs Private Bank Select is a business of GS Bank. Credit qualification and collateral are subject to approval. Additional terms and conditions would apply. Products, rates, qualifications, and terms and conditions are subject to change in GS Bank's sole discretion and without notice.

Goldman Sachs does not provide legal, tax or accounting advice. Any statement concerning U.S. tax matters is not intended or written to be used and cannot be used for the purpose of avoiding penalties imposed on the relevant taxpayer. The taxpayer should obtain their own independent tax advice based on their particular circumstances. Securities based loans may not be suitable for all loan parties (e.g., borrowers, pledgors, and guarantors) and carry a number of risks, including but not limited to the risk of a market downturn, tax implications if pledged securities are liquidated, and the potential increase in interest rates.  If the value of pledged securities drops below certain levels, loan parties may be required to pay down the loan and/or pledge additional securities.  The risks are described in the Product Guide and FAQs available upon request. You should consider these risks and whether a securities based loan is suitable before 

Goldman Sachs Private Bank Select is a registered trademark of Goldman Sachs & Co. LLC.