Every 424B that Goldman Sachs Group Inc. (GS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow GS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GS filings page.
GS Finance Corp. is offering callable, buffered, monthly S&P 500® index-linked range accrual notes due April 30, 2031, guaranteed by The Goldman Sachs Group, Inc. Interest (up to an interest factor of 7.25%) is determined monthly by the fraction of scheduled trading days the S&P 500 closing level is ≥ 85% of the initial level. Notes are callable at 100% of face on any interest payment date on or after April 30, 2027. At maturity investors receive $1,000 per $1,000 face if the final index level is ≥85% of the initial level; otherwise the cash settlement declines linearly below face and can produce a substantial loss. Estimated model value on the trade date is $886–$926 per $1,000 face.
GS Finance Corp. offers $5,245,000 of medium-term, S&P 500®-linked, principal-at-risk notes due April 6, 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes do not pay interest, participate in upside at a 150% rate if the final index level exceeds the initial level, and include an automatic call on April 15, 2027 if the S&P 500 closing level is greater than or equal to the initial level (call payment of $1,128 per $1,000 face amount if called). If not called, the cash payment at maturity depends on the final underlier level relative to the initial level and an 80% trigger buffer: holders receive full principal if the final level is at or above 80% of the initial level, but suffer proportional losses if the final level is below 80%, including the possibility of losing their entire investment.
GS Finance Corp. offers structured, principal-at-risk notes backed by a 6-stock equally weighted basket maturing April 6, 2028 with an automatic call feature on April 15, 2027. The notes pay no interest and deliver cash based on the basket return: an automatic call pays $1,203 per $1,000 face amount; at maturity upside participation is 125%, and there is a 15% downside buffer (buffer level = 85%, buffer rate ≈ 117.65%). The basket comprises six stocks (BA, CEG, ETN, KLAC, LHX, MP) with initial basket level 100 and aggregate face amount $4,111,000. Original issue price is 100% of face; underwriting discount is 1.5%, net proceeds 98.5%. The estimated model value on the trade date is approximately $953 per $1,000 face amount. Risks include issuer/guarantor credit exposure to Goldman Sachs entities and limited anti-dilution protection; GS&Co. is calculation agent and may exercise discretion affecting payout.
GS Finance Corp. is offering autocallable index-linked notes due April 7, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector indexes, pay no interest and include automatic call features beginning April 9, 2027. If all three underliers are at or above their initial levels on a call observation date, notes are automatically redeemed with a capped cash payment equal to principal plus a specified call premium. If not called, the maturity payment is linked to the performance of the lesser performing underlier, with a trigger buffer at 85% of initial levels and a maturity cap of 175.75% of face amount. The offering aggregates $9,560,000 in face amount and the estimated value at trade is about $985 per $1,000 face amount.
GS Finance Corp. offers $4,047,000 of NVDA-linked contingent coupon notes, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of up to $54.35 per $1,000 face amount when the underlier meets an 80% trigger and feature an automatic call if NVIDIA closes at or above the initial level on any call observation date. If not called, maturity payoff depends on final underlier performance with a 20% buffer (buffer rate 125%); investors can lose their entire investment if the final underlier level falls sufficiently. Original issue price is 100% of face; underwriting discount 1%.
Goldman Sachs is marketing notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index ("SPAR4V6"). The Index targets a 40% realized volatility and applies a 6% per annum daily decrement, and may use up to 500% maximum leverage with a 100% cap on daily leverage changes. The presentation relies on hypothetical backtested performance through December 27, 2024 and realized data thereafter (data range January 1, 2005 to March 31, 2026). Materials emphasize complex, rule‑based calendar and price signals (mean reversion, FOMC, turn‑of‑month), leverage and decrement risks, limited live history, and that notes are unsecured, subject to issuer/guarantor credit risk. The document is illustrative; specific offering terms appear in applicable pricing supplements.
GS Finance Corp. is offering principal‑protected‑style linked notes tied to the MSCI EAFE Index. The notes pay no interest, have an upside participation rate of 125% capped by a maximum settlement amount of $1,382.50 per $1,000 face, and include a 25% downside buffer (buffer level 75%). Trade date is April 2, 2026, original issue date April 8, 2026, stated maturity April 6, 2029 (determination date April 3, 2029), and the aggregate face amount is $1,500,000. If the final index level is below the buffer, investors suffer a pro rata principal loss; if the final level is above the initial level, upside is subject to the participation rate and the stated cap. Notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term structured notes linked to the EURO STOXX 50® Index. For each $1,000 face amount, the cash settlement at maturity on April 7, 2031 depends on the underlier return measured from the trade date to the determination date. If the final level is at or above the initial level you receive the greater of a $1,600 threshold settlement amount or $1,000 plus the indexed return. If the final level is between the buffer level (90% of initial) and the initial level you receive $1,000. If the final level is below the buffer level you suffer a linear loss tied to the decline below the buffer (buffer amount 10%, buffer rate 100%). The notes pay no interest, are subject to issuer and guarantor credit risk, and have limited liquidity.
GS Finance Corp. is offering Autocallable TOPIX-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are linked to the TOPIX index. If the underlier is at or above the initial level on the call observation date, the notes will be automatically called and pay $1,090.50 per $1,000 on the call payment date. If not called, at maturity the cash settlement per $1,000 face amount equals $1,000 + $1,000 × 100% × underlier return if the final underlier level is above the initial level, or $1,000 if the final underlier level is equal to or below the initial level. Key dates include trade date April 24, 2026, original issue date April 29, 2026, call observation date April 26, 2027, determination date April 24, 2029, and stated maturity April 27, 2029. Investors remain exposed to issuer and guarantor credit risk, limited upside on an early call, foreign-market risks tied to TOPIX, and complex U.S. tax treatment as contingent payment debt instruments.
The offered notes are $3,975,000 of principal issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. They reference the S&P 500 Index with an initial underlier level of 6,582.69, a 70% trigger buffer and a 100% upside participation. The notes do not pay interest, may be automatically called quarterly if the underlier is at or above the initial level (call premiums range from 2.9% to 11.6%), and mature in April 2031. If not called, maturity payment depends on the final underlier level; if that level is below the 70% trigger buffer investors can lose a substantial portion or all of their investment.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term structured notes linked to NVIDIA Corporation ("NVDA"). Each $1,000 face amount participates at 150% upside if the final underlier level exceeds the initial level, is subject to a 60% trigger buffer, and is automatically called on the call observation date if the underlier is greater than or equal to the initial level, in which case holders receive $1,251 per $1,000 on the call payment date. The notes pay no interest, are cash‑settled, and may result in a total loss of principal if the final underlier level is below the trigger buffer. Key dates include trade date April 2, 2026, original issue date April 8, 2026, call observation date April 2, 2027, call payment date April 7, 2027, determination date April 2, 2029, and stated maturity April 5, 2029.
GS Finance Corp. offers principal‑protected‑if‑limited structured notes tied to the EURO STOXX 50® Index, with The Goldman Sachs Group, Inc. as guarantor. The notes pay no interest, were issued at 100% of face, and mature on October 7, 2027. For each $1,000 face amount the maturity payment is: $1,000 if the final index level is ≥85% of the initial level; $1,000 + $1,000×125%×underlier return if the final level is above the initial level; or, if final level is below 85%, a declining cash payment calculated using a 117.65% buffer rate, potentially resulting in a total loss of principal. The trade date was April 2, 2026 and the aggregate face amount shown is $320,000.
GS Finance Corp. is offering non-interest bearing, principal-at-risk notes linked to an unequally weighted basket of 10 financial stocks. The notes use an initial basket level of 100, an automatic call feature if the basket closing level on a call observation date is ≥ 88% of the initial level, and a maturity payout that is capped if the final basket level is ≥ 88% or reduced with a buffer calculation if below 88%. Estimated note value on the trade date is $925–$955 per $1,000 face amount; final pricing terms (initial basket stock prices, call premiums and maturity premium) will be set on the trade date.
GS Finance Corp. is offering callable, non‑interest bearing structured notes linked to an equally weighted basket of nine common stocks, with a stated maturity of April 6, 2028 and an automatic call observation on April 15, 2027. Each $1,000 face amount pays $1,220 if the basket closing level on the call observation date is at or above the initial level of 100; otherwise maturity payment depends on the basket return with an upside participation rate of 125% and a 15% buffer (buffer level 85%). The aggregate original face amount on issue is $5,991,000. The estimated value on the trade date was approximately $953 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc., and the calculation agent (Goldman Sachs & Co. LLC) has discretion over key determinations.
GS Finance Corp. is offering autocallable index-linked notes due April 29, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index) with a 100% upside participation rate and annual automatic-call opportunities beginning April 27, 2027. Payments are cash-settled: if called, each $1,000 face amount pays $1,000 plus a call premium; at maturity the cash settlement equals $1,000 plus upside participation on positive index returns, and otherwise returns the $1,000 face amount. The index applies a 5% realized volatility control and a 0.65% per annum deduction (accruing daily); GS&Co. estimates the notes' value on the trade date at $850 to $880 per $1,000. The notes do not pay interest and are subject to issuer/guarantor credit risk, limited secondary-market liquidity, and complex index allocation and rebalancing risks.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering indexed, non‑interest bearing notes with an aggregate face amount of $11,218,000. The cash settlement at maturity is determined by the lesser performing underlier of the Dow Jones Industrial Average and the S&P 500, measured from the trade date (April 2, 2026) to the determination date (October 4, 2027) with a stated maturity on October 7, 2027. For each $1,000 face amount, holders receive either $1,000 (if any underlier return is zero or negative) or $1,000 plus the lesser performing underlier return, capped at a maximum settlement amount of $1,122.50 per $1,000. The notes pay no periodic interest, were priced at 100% of face amount with a 0.15% underwriting discount, and are treated as contingent payment debt instruments for U.S. federal income tax purposes (the issuer has determined a comparable yield of 4.38% and a projected payment of $1,068.17 per $1,000 for tax accruals).
GS Finance Corp. offers autocallable equity-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payoffs depend on the performance of NVIDIA Corporation stock, include a 125% upside participation, an 80% buffer level, and a capped automatic-call payoff of $1,209 per $1,000 if the call condition is met.
The notes do not pay interest, expose holders to issuer and guarantor credit risk, carry a 1.75% underwriting discount on issuance, and may result in substantial principal loss if the final underlier level falls below the buffer level.
The prospectus supplement describes medium-term notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Ares Management Corporation, Inc.. The notes have a $1,000 face amount per note and aggregate initial face amount of $500,000, a trade date of April 2, 2026, an original issue date of April 7, 2026, and a stated maturity date of April 6, 2027.
Key economics: a quarterly coupon of $71.5 per $1,000 (7.15% quarterly) is paid only if the index stocks closing price on a coupon observation date is at least 65% of the initial index stock price ($105.80 set on April 1, 2026). The notes are automatically called if on any call observation date the index stocks closing price is at least the initial index stock price. At maturity, if the final index stock price is below 65% of the initial price, holders receive an equity-linked cash settlement that can result in a loss of principal tied to the index stock return. The estimated value at pricing was approximately $970 per $1,000 face amount.
GS Finance Corp. offers $1,631,000 aggregate face amount of market-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash payment at maturity tied to the S&P 500® Index performance measured from April 2, 2026 to the determination date. For each $1,000 face amount, investors receive either $1,000 (if the final level is at or above the 90% buffer level), a capped upside of up to $1,160 (110% participation up to the cap) if the index rises, or a loss proportional to the index decline beyond the 10% buffer (1% loss of face per 1% decline below the buffer). The notes mature on May 6, 2027 (determination date May 3, 2027), are subject to issuer and guarantor credit risk, and were issued at 100% of face with an underwriting discount of 0.4333%.
GS Finance Corp. offers $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 performance from the trade date to the determination date, with a 20% buffer, no periodic interest, and a capped upside.
The notes pay for each $1,000 face amount either (1) $1,000 plus the underlier return up to a $1,190 cap if the final level is at or above the initial level, (2) $1,000 plus the absolute underlier return if decline ≤ 20%, or (3) a loss tied to declines beyond the 20% buffer. Trade date is April 9, 2026, original issue date April 14, 2026, determination date April 10, 2028, and stated maturity April 13, 2028.
GS Finance Corp. offers structured, automatically callable notes linked to an equally weighted basket of Alphabet (Class C), Amazon, Apple and Tesla. The notes mature expected April 21, 2031 (trade date expected April 14, 2026) and pay conditional monthly coupons of $6.917 per $1,000 face amount when the basket closing level on an observation date is at least 80% of the initial basket level. The notes are automatically called if the basket closing level on a call observation date is greater than or equal to the initial basket level (initial basket level = 100). Principal at maturity is capped at face amount if the final basket level is at or above 85% of the initial basket level; if the final basket level is below 85%, investors may suffer reduced principal per the buffer mechanics described. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk. The estimated value at term-setting is between $885 and $925 per $1,000 face amount.
GS Finance Corp. is offering autocallable S&P 500® index-linked notes due April 6, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 15, 2027 if the S&P 500® closing level is ≥ 6,582.69, and would pay $1,126.50 per $1,000 if called. If not called, final payment at maturity (determination date April 3, 2028) depends on index performance: upside participation is 150%, there is an 80% trigger buffer (80% of initial level), and losses occur if the final index level falls below that buffer (potential full loss of principal). The estimated value on the trade date was ≈ $986 per $1,000; original issue price is 100% and underwriting discount is 1.5%.
GS Finance Corp. is offering buffered, Russell 2000® index‑linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount depends on the Russell 2000 performance from the trade date to the determination date. The notes provide a 15% downside buffer (buffer level = 85% of the initial underlier level): modest declines up to 15% produce a positive cash return equal to the absolute decline, declines beyond 15% expose holders to losses pro rata, and upside is capped at a maximum settlement amount of $1,148 per $1,000. The notes pay no interest, are unsecured senior debt issued under GS Finance Corp.'s Medium‑Term Notes program, and are subject to issuer and guarantor credit risk. Trade date is April 6, 2026, original issue date April 9, 2026, determination date May 6, 2027, and stated maturity May 11, 2027. Purchase price, underwriting discounts and secondary‑market liquidity may reduce realized returns.
GS Finance Corp. is offering leveraged, principal-at-risk notes linked to the Vanguard FTSE All-World ex-US ETF (ticker: VEU). The notes have a 113.15% participation rate in positive ETF performance, a trade date expected to be April 9, 2026 and a stated maturity expected to be April 14, 2031. For each $1,000 face amount, you will receive $1,000 at maturity if the final underlier level is equal to or below the initial level; if the ETF return is positive you receive $1,000 plus $1,000 times the 113.15% participation rate times the ETF return.
The notes do not pay interest, are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk. The estimated value on the trade date is expected to be between $885 and $925 per $1,000 face amount, below the original issue price.
GS Finance Corp. is offering equity-linked notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and no periodic interest. The cash payoff at maturity depends on the performance of three underliers (AAPL, META, NVDA) and is determined by the lesser performing underlier return, an upside participation rate of 412% and a trigger buffer of 70%. If each final underlier level exceeds its initial level, holders receive $1,000 plus participation in the lesser performing underlier's gain. If any underlier falls below 70% of its initial level, holders suffer a pro rata loss and may lose their entire investment. Trade date is April 9, 2026 and stated maturity date is April 14, 2031. The notes are senior medium-term notes issued in book-entry form (CUSIP 40058YZQ8) and will be cash-settled.
GS Finance Corp. is offering $1,000 face-amount autocallable index-linked notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and feature an automatic call on the call payment date if each underlier closes at or above its initial level on the call observation date. If called, holders receive $1,120 per $1,000 face amount. If not called, maturity payment depends solely on the lesser performing underlier with a 100% upside participation rate; downside scenarios can result in receiving only the face amount. Trade date is April 9, 2026 with original issue date April 14, 2026. Underliers are the Dow Jones Industrial Average, Nasdaq-100, and S&P 500. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes and are subject to issuer and guarantor credit risk.
GS Finance Corp. offers structured, non‑interest bearing notes linked to Alphabet Inc. Class A stock with an automatic call feature and principal risk. Each $1,000 note may be automatically called on the April 15, 2027 for $1,189 if the closing price meets or exceeds the initial index stock price of $295.77. If not called, maturity payment on April 6, 2028 depends on the final index stock price versus the initial price, featuring a 150% upside participation (capped by a $1,378 threshold) and a buffer that protects losses only up to 15%. The estimated value at pricing was approximately $984 per $1,000 face amount; investors remain exposed to issuer and guarantor credit risk and could lose their entire investment.
GS Finance Corp. is offering leveraged, callable notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000 per note, an upside participation rate of 500%, a trade date expected on April 22, 2026 and a stated maturity expected on April 27, 2033. On the determination date, if the final underlier level exceeds the initial underlier level, holders receive 5 times the index return multiplied by $1,000 plus the $1,000 face amount; if the underlier return is zero or negative, holders receive only the $1,000 face amount. The issuer may redeem the notes on monthly call payment dates beginning April 27, 2027, for a cash amount equal to $1,000 plus a specified call premium; the pricing supplement shows call premium percentages for each call date. The estimated value at issuance is expected to be between $885 and $935 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and expose investors to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due April 6, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes return is tied to the S&P 500® performance from an initial level of 6,582.69 to the final level on the determination date. The notes feature a 20% downside buffer (buffer level = 80% of the initial level) and a cap that limits upside to a maximum settlement amount of $1,206 per $1,000 face amount (cap level = 120.6% of initial). The offering principal amount on the cover is $1,778,000 aggregate. The trade date is April 2, 2026, original issue date April 7, 2026, and determination date April 3, 2028. The estimated value at pricing is approximately $992 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.7%.
GS Finance Corp. offers autocallable, index-linked notes due 2031 guaranteed by The Goldman Sachs Group, Inc. The notes link payoff to the worst-performing of the Nasdaq-100, Russell 2000 and S&P 500, include a 150% upside participation rate, a 70% trigger buffer level, and automatic semi-annual calls beginning April 9, 2027. Payments at maturity depend on the lesser performing underlier; investors could lose their entire investment if that underlier falls below the trigger buffer level.
The notes pay no interest, are cash-settled per $1,000 face amount, and may be called early for predetermined call premium amounts. The prospectus warns the original issue price exceeds model-derived estimated value and highlights issuer and guarantor credit risk.
GS Finance Corp. is offering $11,714,560 in Trigger Autocallable Contingent Yield Notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.2375 per $10 (up to 9.50% per annum) only if both the Russell 2000® and the S&P MidCap 400® close at or above their coupon barriers on each observation date. Commencing on October 2, 2026 the notes will be automatically called if both indices close at or above their initial index levels; if not called, principal repayment at maturity is contingent: if the lesser performing index finishes below its downside threshold (set at 70.00% of initial level), holders suffer a loss equal to that index’s percentage decline. The estimated value at pricing was approximately $9.83 per $10, below the issue price.
GS Finance Corp. offers index-linked notes due May 6, 2027, guaranteed by The Goldman Sachs Group, Inc. These non‑interestbearing notes pay at maturity based on the performance of the lesser performing of the S&P 500® and Russell 2000® measured from April 2, 2026 to the determination date (expected May 3, 2027). If each index finishes above 122% of its initial level or certain mid-range thresholds are met, investors receive either $1,000 or a $1,130 threshold settlement amount per $1,000 face amount; if the lesser performing index falls below 65% of its initial level, holders suffer a proportionate principal loss. Estimated value at pricing is $925–$955 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and possible tax and liquidity considerations.
GS Finance Corp. is offering autocallable S&P 500® Futures Excess Return Index‑linked notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes feature a 125% upside participation rate, a 70% buffer level and an automatic call that would pay $1,135 per $1,000 on the call payment date. If not called, maturity payoffs depend on the final underlier level: full principal at or above the buffer, reduced values below the buffer (examples show as low as 30.000% of face amount). Trade date is April 9, 2026 and original issue date is April 14, 2026. The prospectus highlights material risks: no interest, significant downside exposure (example loss of 52.000% in a severe decline), link to futures (not the cash index) with possible negative roll yield, and issuer/guarantor credit risk.
GS Finance Corp. is offering Autocallable S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have annual automatic call tests (first call observation April 19, 2027) with capped call payments and a capped maturity payoff (maturity premium 55.00%), a 20% buffer (buffer level 80%), and no periodic interest.
The notes link to E‑mini S&P 500 futures (the underlier), not the S&P 500 index; adverse futures roll yields, market disruptions, and issuer/guarantor credit risk can materially reduce returns, including potential losses of a substantial portion of principal.
GS Finance Corp. is offering non‑interest notes linked to the common stock of Walmart Inc. The payoff at maturity (expected May 3, 2029) will be $1,245.5 per $1,000 face amount if the final index stock price is greater than or equal to the initial index stock price measured from the trade date (expected April 30, 2026); otherwise investors receive the face amount of $1,000. The notes do not pay interest, are unsecured and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated model value on the trade date is $925–$965 per $1,000 face amount. GS&Co. serves as calculation agent and may make discretionary determinations (including anti‑dilution adjustments and determination‑date postponements).
GS Finance Corp. is offering $Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc., that pay no interest and settle in cash at maturity based on the S&P 500® performance measured from the trade date to the determination date. The notes have a 20% buffer (buffer level = 80% of the initial index level) and a maximum upside settlement amount of at least $1,202.50 per $1,000 face amount. If the final index level is down by up to 20% versus the initial level, investors receive a positive cash return equal to the absolute decline; if the final index level declines by more than 20%, investors incur proportional losses on the face amount. Key dates: trade date April 30, 2026, original issue date May 6, 2026, determination date May 1, 2028, stated maturity date May 4, 2028. The notes are subject to issuer and guarantor credit risk, limited upside, secondary‑market illiquidity, model/valuation discounts at issuance, and uncertain U.S. federal tax treatment.
The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-protected-style structured notes linked to the common stocks of NVIDIA Corporation, Celestica Inc. and Broadcom Inc.. The notes have an expected trade date of April 9, 2026, an expected original issue date of April 14, 2026 and an expected stated maturity of April 12, 2029. Monthly coupon payments are possible if each index stock meets a 50% trigger on coupon observation dates; the coupon formula uses $17.167 per $1,000 (1.7167% monthly, ~20.6% per annum potential) accumulated less prior coupons. Notes are automatically called if, on a call observation date, each index stock closes at or above its initial price; if not called, a trigger event at maturity (all final prices below initial prices) causes the cash settlement to be based on the lesser performing stock, which could result in substantial loss. Payments depend on the issuer’s and guarantor’s creditworthiness. The estimated value at pricing is stated as $925–$955 per $1,000 face amount.
GS Finance Corp. reopens $100,000 face amount of S&P 500®-linked notes. This issuance reopens the original notes (aggregate face amount $698,000) offered March 27, 2026. The reopened notes have trade date April 2, 2026, original issue date April 6, 2026, determination date March 28, 2028 and stated maturity March 31, 2028. The notes pay no interest; at maturity investors receive for each $1,000 face amount either (a) $1,000 if the final underlier level is equal to or less than the initial level, or (b) $1,000 + ($1,000 × underlier return) subject to a maximum settlement amount of $1,120. The underlier is the S&P 500® Index. The estimated value at pricing is not less than face amount as of April 2, 2026, as determined by GS&Co.'s pricing models.
GS Finance Corp. offers autocallable S&P 500® index-linked notes due 2029 guaranteed by The Goldman Sachs Group, Inc., with terms to be set on the trade date. The notes pay no interest, may be automatically called for $1,100 per $1,000 if the underlier meets the call condition, and otherwise pay a cash settlement at maturity tied to the S&P 500 performance with an upside participation rate of at least 150% and a trigger buffer level equal to 75% of the initial underlier level.
The notes expose investors to issuer/guarantor credit risk, potential loss of principal if the final underlier level is below the trigger buffer, limited upside if called early, and limited secondary-market liquidity. Trade date is April 27, 2026, original issue date April 30, 2026, and stated maturity May 2, 2029.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, equity‑linked notes tied to the common stocks of META, TSLA, NVDA and AMD. Notes mature on expected April 21, 2031 and may be automatically called on observation dates beginning in April 2027. Coupons are monthly per $1,000 face amount: the maximum coupon is $8.542 (0.8542% monthly, ~10.25% p.a.) if each index stock closes at or above 75% of its initial price on a coupon observation date; otherwise the minimum coupon is $0.209 (0.0209% monthly, ~0.25% p.a.). The trade date is expected to be April 14, 2026 and the original issue date is expected to be April 17, 2026. Estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and the calculation agent (GS&Co.) has broad discretion over price determinations and anti‑dilution adjustments.
GS Finance Corp. offers Buffer Autocallable Securities linked to the S&P 500® Index, with principal repayment contingent on index performance and a 30.00% buffer. The securities have an expected trade date of April 8, 2026, original issue date April 13, 2026, an expected call observation date April 15, 2027, and a determination date April 8, 2031.
The securities pay no coupons, may be automatically redeemed if the index equals or exceeds the autocall barrier (100.00% of the initial index level) on the call observation date yielding a call return set between 8.50% and 9.35%, and at maturity provide contingent principal protection: full face amount if the final index level is ≥ the downside threshold (70.00% of initial), but losses equal to index declines beyond the 30.00% buffer if below that threshold. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. priced an offering of Autocallable S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a 175% upside participation rate, a 15% buffer (buffer level = 85% of the initial underlier), and an automatic call feature that pays $1,150 per $1,000 if the underlier is >= the initial level on the call observation date. Trade date is April 14, 2026, original issue date April 17, 2026, and stated maturity April 19, 2029 (determination date April 16, 2029). The cash settlement at maturity is cash‑only and depends on final underlier performance, including scenarios where investors can lose a substantial portion of principal (example: final underlier at 0% of initial → cash settlement = 15% of face amount). The notes track the S&P 500 Futures Excess Return Index (futures returns, not the index itself) and carry credit risk of the issuer and guarantor.
GS Finance Corp. is offering callable, indexed notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an expected trade date of April 7, 2026 and an expected stated maturity of April 10, 2031. Coupons of $12.542 per $1,000 may be paid monthly when the index closing level on an observation date is at or above 50% of the initial underlier level; notes are automatically called if the index on a call observation date is at or above the initial underlier level. The index uses volatility-targeted, leveraged exposure (up to 500%) with a daily decrement of 6.0% per annum, which reduces index performance. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and market, leverage, roll, tax and liquidity risks described herein.
GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference Amazon, Alphabet (Class A) and Meta and pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly, up to 9.00% per annum) when each underlier meets a coupon trigger of 72.75% of its initial level. The notes may be automatically called if each underlier is at or above its initial level on a call observation date. Trade date is April 15, 2026, original issue date April 20, 2026, and stated maturity April 22, 2031. GS&Co. estimates the notes' value on the trade date at $885 to $925 per $1,000 face, which is less than the original issue price.
GS Finance Corp. is offering autocallable S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date, and provide a capped cash payment of $1,144 per $1,000 if called.
The payout at maturity (if not called) depends on the final underlier level versus the initial level, with a 125% upside participation rate, a 15% buffer (buffer level 85%), and cash settlement formulas that can result in significant principal loss for declines below the buffer. Key dates include trade date April 27, 2026, original issue date April 30, 2026, determination date April 28, 2031 and stated maturity May 5, 2031.
GS Finance Corp. offers $3,211,000 aggregate face amount of non‑interest bearing, equity‑linked medium‑term notes tied to an equally weighted 4‑stock basket (APO, ARES, BX, KKR). The notes mature April 6, 2028 and carry an automatic call if the basket closing level on April 14, 2027 is >= initial level (100), producing $1,254 per $1,000 face amount on the call payment date.
Key economic terms: upside participation 150%, threshold settlement $1,508, buffer level 85% (buffer rate ~117.65%). Estimated value on the trade date was approximately $957 per $1,000; original issue price is 100% with a 1.5% underwriting discount (net proceeds 98.5%).
GS Finance Corp. is offering Medium-Term Notes, Series F — equity-linked, auto-callable securities linked to the common stock of Blackstone Inc. with a $1,000 face amount per security and $1,250,000 aggregate principal offered.
The securities pay no interest, may be automatically called on scheduled call dates for a fixed call premium (rising on each call date) and, if not called, return a maturity payment tied 1-to-1 to the ending stock closing price versus the starting price $114.33. The estimated model value at pricing was approximately $977 per $1,000, and investors may lose up to 100% of principal; payments are subject to the issuer's and guarantor's credit risk.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $1,500,000 of medium-term, cash-settled notes linked to the S&P 500® Index. The notes pay no interest and include an automatic call feature: if the closing level of the underlier on the call observation date is greater than or equal to the initial level, each $1,000 face amount will be redeemed on the call payment date for $1,109.70.
If not called, the maturity payout depends on the final underlier level: investors receive $1,000 plus 200% of the underlier return when the final level is above the initial level; receive $1,000 if the final level is between 85% and 100% of the initial level; and may suffer losses (potentially up to a full loss) if the final level is below 85% due to a 15% buffer and a buffer rate of approximately 117.65%. Key dates include trade date April 1, 2026, original issue date April 7, 2026, call observation date April 13, 2027, call payment date April 16, 2027, determination date March 31, 2028, and stated maturity date April 5, 2028.
GS Finance Corp. is offering autocallable fixed-coupon index-linked notes due October 7, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed semiannual coupon of $50.25 per $1,000 (5.025% semiannually, up to 10.05% per annum) and are automatically called if both underliers close at or above their initial levels on a call observation date.
If not called, the cash settlement at maturity depends on the lesser performing of the Nasdaq-100 and Russell 2000 indices relative to their initial levels set March 30, 2026. A buffer protects losses up to -20%; below that the payoff applies a 125% buffer rate to the shortfall. Aggregate original face amount is $12,323,000 and notes were issued at 100% of face on April 7, 2026. Payments are subject to issuer/guarantor credit risk.
GS Finance Corp. offers principal-protected contingent coupon notes guaranteed by The Goldman Sachs Group, Inc., linked to an equally weighted basket of six stocks. The original issue price is 100% of face amount with aggregate original face amount of $500,000 (authorized to increase). Trade date: April 1, 2026; original issue date: April 7, 2026; stated maturity: April 19, 2027. Coupons and automatic redemption depend on basket observation dates (Jul 14, 2026; Oct 14, 2026; Jan 14, 2027; Apr 14, 2027). A 75% buffer level and a buffer rate (~133.33%) determine principal protection mechanics: if final basket level <75%, maturity payment is reduced by the buffer-rate formula. Estimated value at trade date ~ $974 per $1,000. The notes bear issuer and guarantor credit risk and may be illiquid.