Goldman Sachs Group Inc SEC Filings

Goldman Sachs Finance Corp has filed a prospectus supplement for S&P 500 Index-Linked Notes due 2029, guaranteed by Goldman Sachs Group. The notes offer conditional returns tied to S&P 500 performance with the following key features:

• If the final S&P 500 level exceeds the initial level, investors receive positive returns equal to the index return, capped at maximum settlement amount of $1,238.50 per $1,000 face value
• If final index level is equal to or below initial level, investors receive $1,000 face amount
• Notes do not pay interest
• Trade date: July 28, 2025
• Maturity date: May 3, 2029

The estimated value of notes at trade date is $910-$950 per $1,000 face amount, below the issue price. Key risks include credit risk of issuer/guarantor and potential capped upside returns. Notes will trade in book-entry form under master note no. 3.

Goldman Sachs Finance Corp has issued $900,000 in Autocallable Variable Coupon Equity-Linked Notes due 2030, guaranteed by The Goldman Sachs Group. The notes are linked to the performance of four major tech stocks: Amazon, Meta Platforms, Broadcom, and NVIDIA.

Key features include:

• Maturity date: July 2, 2030, unless automatically called starting June 2026
• Monthly coupon payments vary between 7.5% per annum maximum and 0.25% per annum minimum
• Automatic call feature triggers if all underlying stocks close at or above their initial prices
• Initial stock prices: Amazon ($211.99), Meta ($708.68), Broadcom ($264.65), NVIDIA ($154.31)

The estimated value of the notes is $939 per $1,000 face amount, below the original issue price. The offering includes an underwriting discount of 3.75%, with net proceeds to the issuer of 96.25%. The notes are not bank deposits and are not FDIC insured.

Goldman Sachs Finance Corp has issued $1,444,000 in Autocallable Contingent Coupon Equity-Linked Notes due 2028, guaranteed by Goldman Sachs Group. The notes track the performance of three stocks: Salesforce, Palantir Technologies, and CrowdStrike Holdings.

Key features include:

• Monthly coupon payments of $12.709 per $1,000 (15.25% p.a.) if all stocks close above 60% of initial prices
• Automatic call feature starting June 2026 if all stocks close at or above initial prices
• Initial prices: Salesforce ($267.76), Palantir ($142.90), CrowdStrike ($494.09)
• Principal protection if no trigger event occurs at maturity (July 3, 2028)
• Risk of principal loss if any stock closes below 60% of initial price at maturity

The estimated value is $948 per $1,000 face amount, with an original issue price of 100% and underwriting discount of 3.25%. The notes are not FDIC insured and carry issuer credit risk.

Goldman Sachs has filed a prospectus supplement for $562,000 Momentum Builder Focus ER Index-Linked Notes due 2029. These structured notes, issued by GS Finance Corp and guaranteed by Goldman Sachs Group, offer investors exposure to the Goldman Sachs Momentum Builder Focus ER Index.

Key features of the notes include:

• Maturity Date: January 2, 2029
• No periodic interest payments
• 3.5x leveraged upside participation if index rises above initial level of 105.86
• Principal protection if index falls below initial level
• Estimated value of $916 per $1,000 face amount

The underlying index tracks a dynamic portfolio of assets including U.S. equities, developed market equities, fixed income, emerging markets, and commodities. Notable features include a 5% volatility control mechanism, momentum-based risk controls, and a 0.65% annual fee. The index can significantly reduce market exposure by allocating to cash positions when volatility increases or momentum deteriorates.

Investment Considerations: Notes are subject to Goldman Sachs credit risk and include an underwriting discount of 3.14%. Not FDIC insured. Initial market value is substantially less than issue price.

Goldman Sachs Finance Corp has announced Contingent Income Auto-Callable Securities linked to Snowflake Inc's Class A common stock, due July 7, 2028. These structured notes offer investors potential quarterly coupon payments subject to specific conditions.

Key features include:

• Principal at risk securities guaranteed by Goldman Sachs Group
• Contingent quarterly coupon of at least $28.625 per $1,000 principal if stock price stays above threshold
• 50% downside threshold price protection
• Automatic call feature if stock price equals/exceeds initial price
• Estimated value range: $910-$970, below issue price

Notable risks include potential loss of entire investment, credit risk of issuer/guarantor, and limited participation in stock appreciation. Securities will be automatically called if Snowflake's stock price meets or exceeds initial price on observation dates. Investors may receive few or no coupon payments if stock performs poorly.

Goldman Sachs Finance Corp is offering $1,454,000 in Index-Linked Notes due 2028, guaranteed by Goldman Sachs Group. The notes track the performance of both the Russell 2000® Index and S&P 500® Index from June 25, 2025, to June 26, 2028.

Key features of the notes:

• No regular interest payments
• Return based on the lesser performing of the two indices
• 100% participation rate for positive index returns
• 15% downside buffer protection
• Initial index levels: Russell 2000® at 2,136.185 and S&P 500® at 6,092.16

The estimated value of the notes at pricing is $954 per $1,000 face amount, below the issue price. The notes carry significant risk as investors could lose a substantial portion of their investment if either index declines more than 15% from initial levels. The offering includes a 3.04% underwriting discount with net proceeds to issuer of 96.96%.

Goldman Sachs Finance Corp is offering $696,000 in Callable Contingent Coupon ETF-Linked Notes due 2028, guaranteed by Goldman Sachs Group. The notes are linked to the performance of the VanEck Semiconductor ETF with an initial level of $275.20.

Key features:

• Maturity: March 30, 2028, unless redeemed earlier
• Quarterly coupon: $22.75 per $1,000 (9.1% per annum) if ETF closes ≥80% of initial level
• Callable quarterly from December 2025 at 100% plus accrued coupon
• Principal protection if ETF declines no more than 20%; otherwise 1:1 loss below -20%

The estimated value is $960 per $1,000 face amount, below the issue price. Notes carry credit risk of GS Finance Corp and Goldman Sachs Group, and are not FDIC insured. Original issue price is 100% with 3% underwriting discount.

Goldman Sachs Finance Corp is offering $2,423,000 in Buffered Index-Linked Notes, guaranteed by Goldman Sachs Group, maturing June 28, 2030. The offering consists of two separate notes linked to the S&P 500 Index ($1,985,000) and Russell 2000 Index ($438,000).

Key features of both notes include:

• 5-year maturity with no interest payments
• 100% participation rate in index gains, subject to maximum settlement amounts of $1,615 (S&P) and $1,720 (Russell) per $1,000 face value
• 15% downside buffer - full principal protection if index decline is no more than 15%
• Below buffer level, losses track index minus 15% buffer

The notes are priced at 100% of face value with 4.125% underwriting discount. Estimated values are $943 (S&P) and $930 (Russell) per $1,000, below issue price. Notes carry credit risk of GS Finance Corp and Goldman Sachs Group as guarantor.

Goldman Sachs Finance Corp is offering $915,000 in S&P 500 Index-Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group. The notes offer:

• Maturity date: March 30, 2028
• Initial underlier level: 6,092.16 (S&P 500 Index)
• Maximum settlement amount: $1,170 per $1,000 face amount
• Payment structure: If final index level exceeds initial level, return equals index return (capped at 17%). If final level is equal or lower, investors receive face amount

Key risks include: Notes are priced at $972 per $1,000 face amount (below issue price), subject to issuer/guarantor credit risk, and may have limited liquidity. Notes do not pay interest and returns are capped at 17%. Goldman Sachs & Co. LLC serves as calculation agent and primary dealer.