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 Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a structured cash settlement at maturity tied to the S&P 500 closing level from the trade date to the determination date.
The payout per $1,000 face amount is: (i) $1,000 + $1,000×underlier return if the final level ≥ initial level (capped at a maximum upside settlement amount of at least $1,212); (ii) $1,000 + $1,000×absolute underlier return if the final level declines but stays ≥ the buffer level (80% of initial); or (iii) $1,000 + $1,000×buffer rate×(underlier return + buffer amount) if the final level < buffer level (buffer amount 20%; buffer rate 125%), which can result in a total loss of principal. Trade date is March 27, 2026, original issue date April 1, 2026, determination date March 27, 2028, and stated maturity March 30, 2028.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to three ETFs: Invesco QQQ Trust Series 1, State Street SPDR Dow Jones Industrial Average ETF Trust and iShares Russell 2000 ETF. The notes mature on March 23, 2028 unless automatically called on quarterly call observation dates beginning September 2026. Monthly coupons (up to ~12.64% per annum annualized) are paid only if each ETF closes at or above 80% of its initial level on coupon observation dates. Automatic call occurs if on any call observation date each ETF is at or above its initial level; called notes pay the face amount plus accrued coupon. At maturity, if not called, the cash settlement depends on the lesser performing ETF: full principal if each ETF is at or above 70% of initial levels, no coupon if any ETF is between 70% and 80%, and pro rata principal loss if any ETF is below 70%. The pricing supplement states an estimated value of approximately $989 per $1,000 face amount and an original issue price of 100% with an underwriting discount of 0.4%.
GS Finance Corp. is offering autocallable index-linked notes due April 1, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and no periodic interest. Notes are automatically called on the call payment date if each underlier closes at or above its initial level on the call observation date, producing a $1,132.50 cash payment per $1,000 face amount on the call payment date. If not called, maturity payoff depends solely on the lesser performing underlier with a 100% upside participation rate; negative returns on any underlier can limit payment to the face amount.
GS Finance Corp. is offering structured, equity‑linked notes (guaranteed by The Goldman Sachs Group, Inc.) tied to the common stocks of NVIDIA, EMCOR and Meta. The notes mature on March 23, 2029 but are subject to automatic redemption on observation dates commencing in March 2027 through February 2029 if each index stock closes at or above its initial price.
Coupons accrue monthly only when the closing price of each index stock on a coupon observation date is at least 60% of its initial price; coupons equal $15.417 per $1,000 face amount per qualifying month (cumulative formula described in supplement). At maturity, if not called, cash settlement depends on the lesser performing index stock: if each final price ≥ 60% of initial, you receive $1,000 plus any final coupon; if any final price < 40% of initial, redemption is reduced pro rata by the lesser performing index stock return. The aggregate original face amount was $1,010,000 and the estimated value at pricing was approximately $976 per $1,000 face amount.
GS Finance Corp. is offering Trigger Autocallable Notes linked to the S&P 500® Index guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on quarterly observation dates and mature on March 30, 2028 (determination date March 27, 2028).
The notes have an autocall barrier at 100.00% of the initial index level and a downside threshold at 75.00%. Call returns (set on the trade date) are expressed as per annum rates between 10.00% and 11.00% for early calls, rising by scheduled observation period to 20.00%-22.00% at final observation; amounts paid on calls range from $11.00 to $12.20 per $10 face. Original issue price is 100.00% of face; underwriting discount is 1.75%, net proceeds 98.25%. Minimum purchase is $1,000.
The issuer, GS Finance Corp., is offering medium-term contingent-payment notes linked to the S&P 500® Index with an aggregate face amount of $1,500,000. The notes pay no interest and at stated maturity will pay for each $1,000 face amount either (a) $1,000 + ($1,000 × underlier return) capped at a maximum settlement amount of $1,117.50, or (b) $1,000 if the final underlier level is equal to or less than the initial underlier level. Key dates include a trade date of March 20, 2026, an original issue date of March 25, 2026, a determination date of March 20, 2028 and a stated maturity date of March 23, 2028 (each "subject to adjustment" as described in the general terms supplement). The initial underlier level is 6,506.48. The pricing shows an original issue price of 100% of face amount, underwriting discount of 1.75% of face amount, and net proceeds of 98.25% of face amount. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.
GS Finance Corp. is offering $3,160,000 in aggregate face amount of Trigger Autocallable GEARS linked to the Nasdaq-100 Index® due 2031, guaranteed by The Goldman Sachs Group, Inc. The securities have a $10 face amount, an initial index level of 24,355.28, an autocall barrier at 100.00% of the initial level, upside gearing of 1.72, a downside threshold at 75.00% of the initial level and a call return of 12.00%. Key dates include strike date March 19, 2026, trade date March 20, 2026, original issue date March 25, 2026, call observation date March 29, 2027 and stated maturity date March 24, 2031. The estimated value at terms is approximately $9.74 per $10 face amount. Investors face principal loss if the final index level is below the downside threshold and payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering non-interest paying structured notes linked to the common stock of Salesforce, Inc. (initial index stock price $195.38). The notes have a call observation date of March 22, 2027 (automatic call pays $1,197.50 per $1,000) and a stated maturity of March 23, 2029. At maturity the cash settlement depends on the final index stock price on March 20, 2029: upside participation is 150% if the final price is >= the initial price; an absolute payoff applies for declines up to 30%; losses occur if the decline exceeds 30%. Original issue price is 100% of face amount; underwriting discount 3.2%; aggregate face amount initially $387,000. Estimated value on the trade date was approximately $955 per $1,000 face amount.
GS Finance Corp. offers $ callable Contingent Coupon Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $9.167 per $1,000 (0.9167% monthly, ~11.00% per annum) when each underlier meets its coupon trigger level (70% of its initial level) on the related coupon observation date.
The notes reference the Nasdaq-100, Russell 2000 and S&P 500. At maturity the cash settlement per $1,000 depends on the performance of the lesser performing underlier relative to its initial level and a trigger buffer of 60%; if the lesser performing underlier is below its buffer you can lose a substantial portion or all of your investment. The issuer may redeem the notes on any coupon payment date commencing in October 2026 through March 2029.
GS Finance Corp. is offering non‑interest bearing, S&P 500®‑linked buffer notes (guaranteed by The Goldman Sachs Group, Inc.) with an initial underlier level of 6,606.49 set on March 19, 2026. The notes (face amount $1,000) pay a maximum settlement amount of $1,087.50 if the final underlier level on the determination date is at or above the buffer level (85% of the initial level). If the final level is below the buffer, holders lose approximately 1.1765% of face for every 1% decline below the buffer and could lose their entire investment. Trade date was March 20, 2026, original issue date March 25, 2026, stated maturity April 7, 2027. Original issue price equals 100% of face; underwriting discount 1%; net proceeds 99% of face.
GS Finance Corp. is offering principal-protected contingent notes linked to the MSCI EAFE Index with an aggregate face amount of $500,000. The notes pay no interest and mature on March 25, 2030, with payoff determined by the index level on the determination date.
If the final underlier level exceeds the initial level, holders receive the face amount plus the 123.15% upside participation times the underlier return. If the final level is between 80% of the initial level and the initial level, holders receive the face amount. If the final level is below the 80% buffer level, holders suffer losses equal to a 1% loss in principal for each 1% decline below the buffer (i.e., substantial principal loss possible). The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. offers structured notes with an aggregate face amount of $1,000,000 linked to an equally weighted basket of five large-cap technology stocks. The notes mature on March 27, 2031 and include an automatic call feature beginning on March 22, 2027. If not called, maturity payoffs vary: capped upside of 49% (i.e., $1,490 per $1,000 face) for nonnegative basket returns, full principal protection above a trigger buffer of 60% of the initial basket level, and downside linear exposure below that buffer (potential loss up to and exceeding the majority of principal). The estimated value on the trade date is approximately $918 per $1,000 face; original issue price is 100% with an underwriting discount of 4.125%. Credit risk rests with GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.
The offered notes are autocallable contingent coupon equity-linked notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Micron Technology, Inc. (ticker MU). The trade date is March 30, 2026, the original issue date is April 2, 2026, and the stated maturity date is October 7, 2027. Coupons are contingent quarterly payments based on the underlier closing level relative to a 60% coupon trigger; a 50% trigger buffer governs principal loss at maturity. Each coupon observation that meets the trigger accrues $67.50 per $1,000 face amount (subject to the stated formula). The notes are automatically called if the underlier’s closing level on any call observation date is at least the initial underlier level. If the final underlier level at maturity is below the trigger buffer, investors may lose up to 100% of their investment; cash settlement limits upside to 100% of face amount even if the underlier rises substantially.
The issuer GS Finance Corp. is offering principal-at-risk, non-interest notes linked to an equally weighted basket of four stocks: CrowdStrike, Microsoft, Palo Alto Networks and Snowflake. The notes mature on March 23, 2028 with an automatic-call observation on April 2, 2027 that, if triggered, pays $1,219.50 per $1,000 face amount on the call payment date.
If not called, maturity payoff uses a 125% upside participation for positive basket returns, a 15% buffer (buffer level = 85%) and a buffer rate of approximately 117.65%. The estimated value on the trade date was approximately $959 per $1,000 face amount; original issue price equals 100% of face with a 1.5% underwriting discount. Payments depend on the closing basket level on the call observation date or the determination date; holders are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering $21,720,000 aggregate face amount of autocallable, buffered S&P 500® index-linked notes due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and carry an automatic call on April 2, 2027 if the S&P 500 closing level is ≥ the initial level of 6,506.48, producing a cash payment of $1,101 per $1,000 face amount on the call payment date. If not called, maturity payoffs: if final index level ≥ initial, holder receives the greater of the $1,202 threshold amount or $1,000 plus 150% times the index return; if final level declines by ≤ 15%, holder receives $1,000; if it declines by more than 15%, losses accrue at a buffer rate of ~117.65%, which can produce substantial principal loss. The original issue price is 100%, underwriting discount 1.5%, net proceeds 98.5%, and the estimated value at pricing was approximately $974 per $1,000 face amount. Payments depend on GS Finance Corp. and guarantor creditworthiness and on closing levels set only on the call observation and determination dates.
GS Finance Corp. offers $8,058,000 aggregate Autocallable S&P 500® Index-Linked Notes due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc.
The notes pay no interest, may be automatically called on April 2, 2027 for $1,112.50 per $1,000 face if the S&P 500 closing level ≥ the initial level 6,506.48. If not called, maturity payment depends on final index performance on March 20, 2028: upside participation is 150%, a trigger buffer is 80% of the initial level, and losses may exceed premiums paid; estimated value at issue ≈ $972 per $1,000 face.
GS Finance Corp. offers $10,122,000 of callable, index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, a 100% upside participation rate and a call level of 102% of the initial index level. The initial index level is 110.48 and the stated maturity date is March 29, 2033. If the index meets or exceeds the call level on any annual call observation date the notes will be automatically called and pay the face amount plus the applicable call premium. If not called, at maturity each $1,000 face amount will pay either $1,000 or $1,000 plus the upside participation in the index return, subject to the index methodology and a 0.65% per annum deduction. The estimated value on the trade date was $909 per $1,000 face amount; original issue price is 100% with a 3.75% underwriting discount and net proceeds of 96.25%. The index may allocate materially to cash positions, which earn zero net excess return before the deduction, and the notes are subject to issuer and guarantor credit risk.
GS Finance Corp. offers structured notes tied to Amazon.com, Inc. stock with an aggregate face amount of $290,000, fully guaranteed by The Goldman Sachs Group, Inc. The notes mature in March 2029 and pay no interest; principal at maturity is $1,000 per note plus any positive underlier return up to a maximum settlement amount of $1,240 per $1,000 face amount. The initial underlier level is $205.37 (trade date), the determination date is March 20, 2029, and the stated maturity date is March 23, 2029. The notes are sold at 100% of face with an underwriting discount of 2.5% (net proceeds 97.5% of face). The notes are unsecured senior debt under the GSFC 2008 indenture; purchasers receive cash at maturity and have no shareholder rights in the underlier.
GS Finance Corp. is offering Leveraged Callable Dow Jones Industrial Average®-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash per $1,000 face amount.
At maturity you receive $1,000 if the final index level is equal to or less than the initial level; if the index is higher you receive $1,000 plus $1,000 times at least 112.65% of the index return. The notes are callable quarterly beginning in April 2027 through January 2031 at fixed call premium amounts. The estimated value at the trade date is between $885 and $915 per $1,000 face; original issue price is 100% with a 2.5% underwriting discount (net proceeds 97.5%).
Key risks disclosed include credit risk of the issuer and guarantor, the possibility of early redemption at capped call payments, market-value volatility, and tax treatment as a contingent payment debt instrument. Trade date and original issue date are expected to be March 31, 2026 and April 3, 2026, respectively.
GS Finance Corp. is offering Equity-Linked Medium-Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Blackstone Inc. The securities have a $1,000 face amount, pricing date April 1, 2026, original issue date April 7, 2026 and stated maturity April 6, 2034. They are auto-callable on scheduled call dates if the underlying stock's closing price meets or exceeds call thresholds (90.00% of the starting price for the first 20 call dates; 60.00% for the final call date). If called, holders receive face amount plus a fixed call premium; if not called, holders have 1-to-1 downside exposure to declines below the downside threshold (60.00% of the starting price) and may lose up to 100% of the face amount. The original offering price is $1,000 per security; the estimated value at pricing is between $885 and $915 per $1,000 face amount. All payments are subject to the issuer and guarantor credit risk.
GS Finance Corp. offers $3,350,000 of Trigger GEARS due 2031, guaranteed by The Goldman Sachs Group, Inc. These are unsecured, cash‑settled notes linked to the lesser performing of the Russell 2000® and the S&P 500® indices. The notes pay at maturity: (1) if both indices finish above their initial levels, $10 plus the lesser performing index return times upside gearing 1.40; (2) if any index finishes at or below its initial level but both finish at or above their downside threshold (75.00% of initial), the face amount of $10; or (3) if any index finishes below its downside threshold, a reduced cash payment tied to the lesser performing index return, possibly resulting in a total loss.
The trade date is March 20, 2026, original issue date is March 25, 2026, determination date is March 20, 2031, and stated maturity is March 25, 2031. The pricing supplement shows an original issue price of 100.00% of face amount, an underwriting discount of 3.50%, and net proceeds to the issuer of 96.50%. GS&Co. estimated value per $10 face on the trade date was approximately $9.58. Investors bear both market exposure to each index and the credit risk of GS Finance Corp. and Goldman Sachs.
GS Finance Corp. offers structured notes backed by a Goldman Sachs guarantee. The notes have a stated maturity of March 25, 2032, an aggregate face amount of $1,000,000 (issuer may increase), and monthly coupon features of $16 per $1,000 (1.6% monthly, 19.2% annually) payable only if each underlier is at least 75% of its initial level on an observation date.
The notes link to the Russell 2000® Index, the Nasdaq-100 Technology Sector Index and the VanEck Semiconductor ETF (SMH). The company may redeem notes at 100% of face plus any coupon on monthly payment dates beginning September 2026. Principal at maturity depends on the lesser performing underlier with a trigger buffer at 60% of initial levels; breaches below that level produce proportionate losses. The estimated value at pricing was approximately $983 per $1,000 face amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes linked to the S&P 500® Futures Excess Return Index. Each note has a face amount of $1,000 and the aggregate face amount of the initial issue is $2,646,000. The notes pay no interest and return at maturity is cash-settled on March 25, 2031, based on the underlier performance measured from the trade date (March 20, 2026) to the determination date (March 20, 2031).
If the final underlier level is above the initial level, the cash payment equals $1,000 plus 128% participation of the underlier return; if equal or lower, holders receive the face amount only. Original issue price is 100% of face (underwriting discount 0.8%, net proceeds 99.2%); the notes are linked to E-mini S&P 500 futures, not the S&P 500® Index.
GS Finance Corp. offers $1,070,000 aggregate face amount of digital notes linked to the iShares® Semiconductor ETF (SOXX), due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc.
Each $1,000 note pays no interest and returns either a capped positive payment of $1,310 (if the final ETF level is ≥ 70% of the initial level of $332.51) or a loss equal to the ETF return (holders can lose their entire investment if the ETF declines by more than 30%). The estimated value on the trade date is approximately $978 per $1,000 face amount; the original issue price is 100% with a 1% underwriting discount.
GS Finance Corp. is offering principal‑protected contingent‑return notes linked to the MSCI EAFE Index, with an aggregate face amount of $1,585,000 and a per‑note face amount of $1,000. The notes pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc.
Returns at maturity (trade date March 20, 2026; original issue date March 25, 2026; determination date September 20, 2027; stated maturity September 23, 2027) depend on the underlier return, with a 150% upside participation capped at a $1,280.20 maximum settlement amount, a 10% buffer (buffer level = 90%), and potential principal loss if the final index level is below the buffer level. Terms are subject to adjustment as described in the general terms supplement.
GS Finance Corp. is offering indexed, principal-at-risk notes linked to the S&P 500® Index with an aggregate face amount of $42,616,000. The notes pay no interest and mature on April 7, 2027 (determination date April 2, 2027), and are fully guaranteed by The Goldman Sachs Group, Inc.
Payment at maturity is cash per $1,000 face amount: if the final underlier level is ≥ the buffer level (90% of the initial level) you receive the capped maximum settlement amount of $1,100.50. If the final underlier level is below the buffer level, losses apply at ~1.1111% of face amount per 1% decline below the buffer; you could lose your entire investment. The notes are subject to issuer/guarantor credit risk and limited liquidity; they are not interest-bearing deposit obligations.
GS Finance Corp. offers autocallable, buffered notes linked to the SPDR® Gold Trust (GLD) with The Goldman Sachs Group, Inc. as guarantor. The notes mature expected March 30, 2028 but may be automatically called on the call observation date expected April 9, 2027 if the closing level of the underlier is greater than or equal to the initial level set on the trade date expected March 27, 2026.
If called, each $1,000 face amount will pay at least $1,178 on the call payment date expected April 14, 2027. If not called, maturity payoff depends on the underlier return: a positive return pays 125% participation in gains; declines up to 10% return the principal; declines below the 90% buffer produce leveraged losses (buffer rate ~111.11%), and you could lose your entire investment. The estimated value at pricing is between $900 and $930 per $1,000 face amount. The notes are unsecured and expose holders to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering autocallable index-linked notes due March 27, 2029 guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $565,000 on the original issue date. The notes pay no interest, may be automatically called on March 22, 2027 for $1,160 per $1,000 face amount if the closing levels of the S&P 500®, Nasdaq-100® and Russell 2000® are each at or above initial levels, and otherwise pay at maturity an amount tied to the performance of the lesser performing index on the determination date (March 20, 2029), subject to a 125% upside participation rate and a 65% trigger buffer level.
The estimated value on the trade date was approximately $964 per $1,000 face amount and the original issue price equals 100% of face amount; underwriting discounts total 1%, yielding net proceeds of 99% of face amount. Payments are subject to issuer and guarantor credit risk and complex tax treatment.
GS Finance Corp. is offering $4,929,000 of Contingent Income Auto-Callable Securities due March 23, 2029, linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited. The securities carry principal at risk, an initial share price of $329.24 and a downside threshold of $164.62 (50% of the initial share price).
The notes may pay a contingent quarterly coupon calculated using $29.50 increments and will be automatically called if the ADS closing price on any call observation date is at least the initial share price, in which case holders receive the principal plus the then-due coupon. If the final share price is below the downside threshold, payment at maturity equals the principal multiplied by the share performance factor and investors may lose a significant portion or all of their principal.
GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the least performing of the S&P 500® Index, Russell 2000® Index and Nasdaq-100® Index and pay a quarterly contingent coupon of $0.27125 per $10 (up to 10.85% per annum) if each index is at or above its coupon barrier on an observation date.
Key mechanics: the strike date is March 23, 2026, trade date expected March 24, 2026, automatic calls commence on observation dates beginning September 23, 2026, and stated maturity is March 28, 2029. The downside threshold and coupon barrier equal 70.00% of each index’s initial level; if any index is below the threshold at maturity, payment is reduced pro rata to the lesser performing index and investors could lose most or all principal. The pricing models estimated value at time of pricing is between $9.55 and $9.85 per $10 face amount.
GS Finance Corp. offers contingent quarterly coupon notes linked to Netflix, Inc. (underlier). Each $1,000 note pays quarterly contingent coupons if the underlier is at or above 70% of the initial level on observation dates, is subject to an automatic call if the underlier reaches the initial level on any call observation date, and settles in cash at maturity on March 25, 2030 based on the underlier return. The notes pay principal in full only if the final underlier level is at or above the trigger buffer level (70%); otherwise investors suffer a loss equal to the underlier return times $1,000. The issue is guaranteed by The Goldman Sachs Group, Inc., priced at 100% of face with a 2.5% underwriting discount and net proceeds to issuer of 97.5%.
GS Finance Corp. is offering structured, callable medium-term notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $5,424,000 on original issue. The notes mature on March 27, 2031 but are subject to automatic call if, on any call observation date (commencing March 2027), the closing price of each reference stock is at or above its initial price.
Coupons pay monthly based on four reference stocks (AMD, MU, UNH, TSLA) with initial index prices of $201.33, $422.90, $275.59 and $367.96, respectively. If each stock on a coupon observation date is ≥ 80% of its initial price, holders receive the formula-based maximum coupon (up to ~7.7% per annum equivalent); otherwise holders receive a minimum coupon of $0.209 per $1,000 face amount. The estimated value at pricing was approximately $940 per $1,000 face amount; original issue price was 100% of face amount with a 4% underwriting discount.
GS Finance Corp. is offering Index-Linked Notes due March 25, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes link payout to the lesser performing of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Futures Excess Return™ Index measured from the trade date March 20, 2026 to the determination date March 20, 2031. Key economics: aggregate face amount $375,000, issue price 100%, underwriting discount 1.25%, net proceeds 98.75%, upside participation rate 242%, trigger buffer 70% of initial underlier levels (initials: S&P futures 526.41; Nasdaq futures 635.8176). Estimated value at pricing was approximately $925 per $1,000 face amount. The notes pay no interest and principal repayment at maturity can be zero if the lesser performing underlier declines below its trigger buffer; payments are subject to issuer and guarantor credit risk.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $2,000,000. The notes bear interest at 4.625% per annum from the original issue date March 24, 2026 and mature on March 24, 2033.
They will be issued at 100% of principal (original issue price) with an underwriting discount of 0.9% and net proceeds to the issuer of 99.1%. Interest is payable semiannually on March 24 and September 24 beginning September 24, 2026. The notes will not be listed on any exchange and will be issued in book-entry form through DTC.
GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 performance from March 27, 2026 (trade date) to April 9, 2027 (determination date).
If the final underlier level is ≥ the buffer level (90%), the holder receives a capped maximum settlement amount of at least $1,104.50 per $1,000 face amount. If the final level is below 90%, losses apply: holders lose approximately 1.1111% of face amount for each 1% decline below the buffer, and could lose the entire investment. The notes are issued at 100% of face amount with a 1% underwriting discount and are subject to issuer and guarantor credit risk, limited liquidity, tax uncertainty, and other structural risks described in the supplement.
GS Finance Corp. is offering $1,000 face-amount autocallable, index-linked notes due April 1, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return depends on the Goldman Sachs Momentum Builder Focus ER Index (Bloomberg: GSMBFC5 Index). The notes have a 100% upside participation rate and a multi-year automatic call feature with staged call levels and call premiums that rise by year. If not called, maturity payment equals principal plus participation in positive index returns; if the final index level is equal to or below the initial level, you would receive the face amount only. The index is subject to a 0.65% per annum deduction, daily accruals, and may allocate heavily to hypothetical cash positions. GS&Co. estimated the notes' value on the trade date at $885 to $925 per $1,000 face amount. Trade date is March 27, 2026 and original issue date is April 1, 2026. These notes expose holders to issuer and guarantor credit risk, potential limited secondary market liquidity, and tax rules treating the notes as contingent payment debt instruments.
GS Finance Corp. launches a structured note linked to an equally weighted basket of BAC, COF, MS and WFC with expected trade date March 27, 2026. The notes mature on the stated maturity date (expected March 30, 2028) unless automatically called (call observation date expected April 9, 2027).
Key economic terms set on the trade date include an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 15% (buffer level = 85%), a buffer rate of approximately 117.65%, an automatic call cash payment of at least $1,191 per $1,000 if the basket closing level on the call observation date is >= initial level, and an estimated value on the trade date of $900 to $930 per $1,000 face amount. Payments at maturity depend solely on the final basket level on the determination date and may result in loss of principal below the buffer level.
GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due April 14, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes mature on April 14, 2027 with a determination date of April 9, 2027 and an original issue date of April 1, 2026.
The notes pay no interest and return at maturity is linked to the S&P 500® Index. They provide a 15% buffer (buffer level = 85% of the initial level) and a buffer rate of approximately 117.65%. If the final underlier level is greater than or equal to the buffer level, holders receive a capped maximum settlement amount of at least $1,087.50 per $1,000 face amount. If the final underlier level is below the buffer level, losses accrue at approximately 1.1765% of face amount for each 1% decline below the buffer and investors could lose their entire investment. The original issue price is 100% of face amount with a 1% underwriting discount (net proceeds 99%).
GS Finance Corp. is offering conditioned, non‑interest bearing structured notes linked to the common stock of NVIDIA Corporation. The notes have an expected stated maturity date of March 30, 2028 and an expected call observation date of April 9, 2027. If the closing price of the index stock on the call observation date is greater than or equal to the initial index stock price, the notes will be automatically redeemed for at least $1,243 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the index stock return to the determination date, with a threshold settlement amount of $1,486, a buffer level of 80% and a buffer rate of 125%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk. The estimated value at pricing is expected to be between $900 and $930 per $1,000 face amount.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $3,000,000. The notes carry an interest rate of 4.40% per annum, accrue from the original issue date of March 24, 2026, and mature on March 24, 2031.
Interest will be paid semiannually on March 24 and September 24, beginning September 24, 2026. The original issue price is 100% with an underwriting discount of 1.12%, producing net proceeds to the issuer of 98.88% of principal.
GS Finance Corp. offers autocallable buffered S&P 500® Index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes: have a face amount per note of $1,000, an upside participation rate of 150%, a threshold settlement amount of $1,208, and a buffer level equal to 85% of the initial index level.
If the notes are automatically called on the call observation date, holders will receive at least $1,104 per $1,000 face amount; if not called, payoff at maturity depends on the index return with a buffer that limits losses up to a decline of 15%, and a buffer rate of approximately 117.65% applies beyond that. The estimated value at pricing is expected to be between $900 and $930 per $1,000 face amount. The notes do not bear interest and are unsecured obligations subject to the issuer and guarantor credit risk.
GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call payment date if the underlier is at or above its initial level, in which case holders receive $1,100 per $1,000 face amount on the call payment date.
If not called, maturity payoff depends on the S&P 500 final level: upside participation is 125% for gains, principal is preserved if the final level is at or above 65% of the initial level, and investors may lose a substantial portion or all of the investment if the final level is below that trigger. Key dates: trade date April 1, 2026, original issue date April 6, 2026, call observation date April 1, 2027, determination date April 2, 2029, and stated maturity date April 5, 2029. CUSIP 40058YPY2.
GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due April 6, 2032, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and links cash payment at maturity to the performance of the S&P 500® Futures Excess Return Index from the April 1, 2026 trade date to the April 1, 2032 determination date. The notes pay no interest. If the final underlier level exceeds the initial level, holders receive the face amount plus the underlier return multiplied by an 213.5% upside participation rate. If the final level is between 70% and 100% of the initial level, holders receive the face amount. If the final level is below 70%, holders suffer a proportional loss of principal; a final level of 0% would result in a zero cash settlement.
GS Finance Corp. is offering Autocallable S&P 500® Index‑Linked Notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, provide a 200% upside participation rate and include a 10% buffer (buffer level = 90% of the initial underlier level). If the closing level of the S&P 500 (SPX Index) on the call observation date ( April 9, 2027) is greater than or equal to the initial level, the notes will be automatically called and pay at least $1,113.50 per $1,000 face amount on the call payment date (April 14, 2027). If not called, final payment at stated maturity (March 30, 2028) depends on the final underlier level on the determination date (March 27, 2028) and may result in a substantial loss, including loss of your entire investment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced contingent income callable securities due March 30, 2028. The securities pay a contingent quarterly coupon (set on the pricing date) of at least $33.00 per $1,000 if each underlying index remains at or above a 70.00% downside threshold during the applicable quarterly observation period. The securities reference the S&P 500®, Russell 2000® and EURO STOXX 50® and expose investors to the worst-performing index on the valuation date; if the worst-performing index is below its downside threshold at maturity, the maturity payment equals $1,000 multiplied by the worst performing index performance factor and may be less than $700 or could be zero. The issuer may redeem the securities at our discretion on coupon payment dates beginning July 2, 2026 through December 30, 2027 at 100% of principal plus any coupon then due. The cover shows an estimated value range of $925 to $985 per security and an underwriting discount of 2.00%.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing structured notes linked to an equally weighted basket of four stocks: CrowdStrike (CRWD), Microsoft (MSFT), Palo Alto Networks (PANW) and Snowflake (SNOW). The notes have an initial basket level of 100, an upside participation rate of 125, a buffer amount of 15 (buffer level = 85 of initial), and a buffer rate of approximately 117.65. They are expected to be callable if the basket closing level on the call observation date is ≥ the initial level, producing a minimum call payment of $1,218 per $1,000 face amount. If not called, maturity payoff on the determination date depends on the basket return: positive returns participate at 125, returns between 0% and -15% return principal, and declines below -15% produce a loss reduced by the buffer rate. Expected trade date is March 27, 2026, original issue date April 1, 2026, and stated maturity expected March 30, 2028. The estimated value at pricing is stated to be between $900 and $930 per $1,000 face amount.
GS Finance Corp. offers basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of the Russell 2000® Index and the S&P 500® Equal Weight Index, with an expected trade date of March 24, 2026 and an expected stated maturity of September 28, 2028. At maturity each $1,000 face amount pays $1,000 if the basket return is zero or negative; if positive, holders receive $1,000 plus the basket return up to a cap that limits the maximum cash settlement to $1,180 per $1,000. The initial basket level will be 100; the cap level is 118% of that level. The pricing supplement shows an estimated value on the trade date of $925–$955 per $1,000 and an underwriting discount of 1.85%.
GS Finance Corp. proposes to issue non‑interest bearing, equity‑linked medium‑term notes whose payoff is tied to the common stock of Broadcom Inc. (index stock). The notes feature an automatic call on the call observation date and a stated maturity on the determination date if not called.
The notes pay at least $1,261 per $1,000 face amount if automatically called (call payment date). If not called, maturity payoffs depend on the initial and final index stock prices, a 25% downside buffer, a 133.33% buffer rate and a threshold settlement amount of $1,522 per $1,000. The estimated value at pricing is stated between $900 and $930 per $1,000 face amount.
GS Finance Corp. offers autocallable contingent coupon equity-linked notes due April 15, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of CrowdStrike Holdings, Inc. (ticker: CRWD). The notes pay a contingent quarterly coupon when the underlier closes at or above 75% of the initial level and will be automatically called if the underlier closes at or above the initial level on any call observation date. Each $1,000 face amount returns $1,000 at maturity if the final underlier level is at or above the buffer level (75% of initial); otherwise the cash settlement is reduced by a formula using a 25% buffer and a buffer rate (~133.33%).
Key mechanics and economics: trade date March 27, 2026, original issue date April 1, 2026, determination date April 12, 2027, stated maturity April 15, 2027. Original issue price is 100% of face, underwriting discount 1%, net proceeds 99%. The notes expose investors to issuer/guarantor credit risk, limited upside (caps at 100% of face if underlier appreciates), potential total loss if the underlier falls sufficiently, and uncertain U.S. federal tax treatment.
GS Finance Corp. offers autocallable buffered EURO STOXX 50® index-linked notes due March 30, 2028 (expected) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 9, 2027 if the index is at-or-above the initial level, and otherwise pay at maturity based on index performance with a 15% buffer and a 150% upside participation (threshold settlement amount $1,268 per $1,000 face amount).
The notes carry issuer and guarantor credit risk, an estimated model value between $900 and $930 per $1,000 face amount at pricing (below issue price), and may result in substantial principal loss if the final index level falls below the buffer.