Lines of credit and deposit products 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. Goldman Sachs Private Bank Select and GS Select are registered trademarks of Goldman Sachs & Co. LLC.

Securities-based lines of credit may not be appropriate for all 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. You should consider these risks and whether a securities-based line of credit is appropriate before proceeding.

Credit qualification and collateral are subject to approval. Additional terms and conditions apply.

Goldman Sachs does not provide legal, tax or accounting advice. This content is for marketing purposes only and is not a substitute for individualized professional advice. Individuals should consult their own tax advisor for matters specific to their own taxes and nothing communicated to you herein should be considered tax advice.