Filed Pursuant To Rule 433
Registration No. 333-233191
March 20, 2020
Some investors only think of gold as the quiet option. But, since 2000, gold has outperformed both the S&P 500 and the Agg. And, as
the most liquid gold-backed ETF, GLD is the easy way to get into gold. spdrs.com/gold If you think gold isn’t a performer think again. Important risk information Source: Bloomberg L.P., State Street Global Advisors. Data from January 1, 2000 to
January 31, 2020. Bloomberg Barclays US Agg TR is 5.09% annualized versus LBMA Gold Price PM (USD/oz) is 8.81% annualized. Source: Bloomberg Financial L.P. & State Street Global Advisors, date as of February 29, 2020. Note: Since its start on
November 18, 2004, GLD has traded on average in excess of US$1 billion nominal value per day, almost 15x the volume of its closest gold-backed ETF competitor. Past performance is not a guarantee of future results. Investing involves risk, and you
could lose money on an investment in SPDR® Gold Shares Trust (“GLD®”), a series of the World Gold Trust. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the
ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns. Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as
weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities. Frequent trading of ETFs could significantly increase commissions and other costs such
that they may offset any savings from low fees or costs. Diversification does not ensure a profit or guarantee against loss. Investing in commodities entails significant risk and is not appropriate for all investors. Important Information Relating
to SPDR® Gold Trust (“GLD®”): The SPDR Gold Trust (“GLD®”) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov or by visiting www.spdrgoldshares. com. Alternatively, the Trust will arrange to send you the prospectus if you request it by calling 1-866-320-4053. GLD is not an investment company registered under
the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of the Trust do not have the protections associated with
ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA. GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates
directly to the value of the gold held by the Fund (less its expenses). Fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price,
may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that
extent. The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the
use of or reliance on, this material. World Gold Council is an affiliate of the Sponsor of GLD. GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC. Standard &
Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones);
and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or
promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties makes any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation
thereto. For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA, 02210; T: +1 866 320 4053 spdrgoldshares.com © 2020 State Street Corporation. All
Rights Reserved. State Street Global Advisors Funds Distributors, LLC, Member FINRA, SIPC, One Iron Street, Boston, MA 02210 Not FDIC Insured No Bank Guarantee May Lose Value 2947426.1.1.AM.RTL
