GBXB

The Goldman Sachs U.S. Large Cap Buffer 2 ETF (the "Fund") seeks long-term capital appreciation. The Fund seeks to achieve a total return, for three-month periods from February 1 to April 30, May 1 to July 31, August 1 to October 31 or November 1 to January 31 (each, an "Outcome Period"), that corresponds generally, before fees and expenses, to the share price return of the SPDR Portfolio S&P 500 ETF (SPLG) (the "Underlying ETF") or other ETFs that track the S&P 500 Index (the "Underlying ETF's Index") up to a "cap" while providing a downside "buffer" and "deep downside protection" against losses over the Outcome Period. The Fund's current Outcome Period is the three-month period from February 1, 2025 to April 30, 2025, the next Outcome Period is the three-month period from May 1, 2025 to July 31, 2025, the next Outcome Period is the three-month period from August 1, 2025 to October 31, 2025, and the next Outcome Period is the three-month period from November 1, 2025 to January 31, 2026.