Liquidation: FS VARIABLE SEPARATE ACCOUNT

Form Type: 497

Filing Date: 2025-01-10

Corporate Action: Liquidation

Type: New

Accession Number: 000072952225000002

Filing Summary: This document outlines the expected liquidation of the Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, which is set to occur on or about April 11, 2025, at the close of the New York Stock Exchange. On the liquidation date, funds invested in the portfolio will be automatically liquidated at the closing accumulation unit value and transferred to the Goldman Sachs VIT Government Money Market Fund. The portfolio will be unavailable for new investments after April 8, 2025. Investors are advised to transfer contract values out of the portfolio before the liquidation date if they do not wish for their proceeds to be allocated to the Money Market Fund. Automatic transfers on the liquidation date will not affect the investors' allowed free transfers in a contract year or market timing policies. Detailed instructions for transferring values or accessing fund prospectuses are provided, along with contact information for the Annuity Service Center.

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