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 autocallable S&P 500® index-linked notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on March 27, 2028; if called, each $1,000 face amount would pay $1,163 on the call payment date. If not called, the maturity payoff on April 1, 2031 depends on S&P 500 performance: 100% upside participation if the final level exceeds the initial level; full return of principal at maturity if the final level is between 80% and 100% of the initial level; and a downside buffer that applies if the final level is below 80%, which can produce substantial losses (for example, a final level at 20% would yield 40% of face amount, a 60% loss on face).
The trade date is March 25, 2026 and the original issue date is March 30, 2026. The notes are subject to the credit risk of the issuer and guarantor, are not bank deposits and are not FDIC insured. Pricing, underwriting discounts and certain fees will be set on the trade date; secondary market liquidity is not assured.
GS Finance Corp. offers Digital Equity-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a capped maximum settlement amount of $1,245 per $1,000 face if the Exxon Mobil Corporation common stock ("XOM") finishes at or above the initial level. If the final underlier level is below the initial level, holders will receive the face amount of the notes at maturity. The notes pay no interest, mature on April 5, 2029 (determination date April 2, 2029), and the initial underlier level will be set on the trade date. The offering is subject to GS Finance Corp.'s and Goldman Sachs' credit risk, the capped return feature, potential adjustments for corporate events, and U.S. federal tax rules treating the notes as contingent payment debt instruments.
GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, an upside participation rate of 110% capped at a maximum settlement amount of $1,160, and a buffer level of 90% (buffer amount 10%).
Trade date is April 2, 2026, original issue date April 7, 2026, determination date May 3, 2027, and stated maturity date May 6, 2027. The notes pay no interest; if the final S&P 500 level falls more than 10%, investors lose principal proportionally. The issue price exceeds the model-estimated value; market liquidity, issuer and guarantor credit risk, and U.S. federal tax treatment are disclosed as material risks.
GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are cash‑settled and include an annual automatic call feature tied to the S&P 500 closing level versus the initial level.
If not called, maturity payment per $1,000 face equals $1,000 plus either $1,000×maturity date premium (63.00%) if the final index level is >= the initial level, or $1,000×underlier return if the final index level is lower. Call premium amounts range from 10.5% (first call) to 52.5% (fifth call). Investors may lose their entire investment if the underlier falls sufficiently and should consider issuer/guarantor credit risk and limited secondary market liquidity.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected but capped S&P 500–linked notes with an aggregate face amount of $3,200,000. Each $1,000 note pays no interest and settles in cash at maturity based on the S&P 500’s performance from March 17, 2026 to the determination date with a 20% buffer, an 80% buffer level, and a $1,200 maximum settlement amount. If the final index level is above the initial level, investors receive the index return up to the cap; if the final level is between the buffer and the initial level, investors receive the face amount; if the final level falls below the buffer, investors absorb losses pro rata. The notes are sold at 100% of face amount, carry a 1.75% underwriting discount, and rely on the issuer’s and guarantor’s creditworthiness.
GS Finance Corp. priced a primary offering of Market Linked Securities—auto-callable medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $1,917,000 aggregate face amount with a $1,000 face amount per security. Each security pays a contingent quarterly coupon of $40.00 per $1,000 (equivalent to a contingent coupon rate of 16.00% per annum) if the closing price of Palantir Technologies Inc. Class A common stock meets the coupon threshold. The starting price is $155.08, the coupon threshold and downside threshold are each 50% of the starting price, and the estimated value at pricing was approximately $964 per $1,000 face amount. If not automatically called, principal at maturity is subject to full downside exposure to the underlying stock and may result in loss of more than 50% or all of principal.
GS Finance Corp. offers a $500,000 aggregate face amount of callable, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index) and pay based on index performance with a 100% upside participation rate.
The notes have a trade date of March 17, 2026, original issue date March 20, 2026, and a stated maturity on March 24, 2033 (determination date March 17, 2033). They are subject to an annual automatic call if the index closing level meets or exceeds rising call levels; call premiums increase each year. The offering price is 100% of face amount (underwriting discount 4.25%); GS&Co. estimates an initial model value of $901 per $1,000 face amount and discloses an additional amount of $56.5 that declines to zero by June 16, 2026.
GS Finance Corp. offers autocallable S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and reference the S&P 500 Index with an upside participation rate of 110%. If the closing level of the underlier on the call observation date of March 29, 2027 is greater than or equal to the initial level, the notes will be automatically called and holders will receive $1,072.50 per $1,000 face amount on the call payment date.
If not called, the cash settlement at maturity on March 31, 2031 will pay $1,000 + ($1,000 × 110% × underlier return) when the final underlier level exceeds the initial level; otherwise holders will receive the $1,000 face amount. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., to market-value fluctuations, and to special U.S. tax rules for contingent payment debt instruments.
GS Finance Corp. offers Autocallable S&P 500® Futures Excess Return Index‑Linked Notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a 200% upside participation rate, a 70% trigger buffer level and an automatic‑call feature that, if met on the call observation date, pays $1,187.50 per $1,000 face amount on the call payment date. Trade date is April 9, 2026 and original issue date is April 14, 2026. The cash settlement at maturity depends on the final underlier level relative to the initial level and may result in full loss of principal if the final underlier level is below the trigger buffer. The underlier is the S&P 500® Futures Excess Return Index (futures‑based, not the cash S&P 500® Index). The notes pay no interest, are cash‑settled, and the pricing models and market value reflect issuer and guarantor credit risk; tax treatment is described as uncertain in the supplement.
GS Finance Corp. is offering Leveraged EURO STOXX 50® Index-Linked Notes due 2030, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and produce a cash payment at maturity per $1,000 face amount tied to the EURO STOXX 50 performance.
The notes feature a 156.3% upside participation rate and a 30% trigger buffer (trigger buffer level = 70% of initial level). If the final index level is at or above initial, you receive $1,000 plus upside participation times the index return; if the final level is below initial but not below the trigger buffer, you receive $1,000 plus the absolute underlier return; if below the trigger buffer you suffer losses equal to the index decline, potentially losing your entire investment. Pricing, initial underlier level, issue price, and certain fees will be set on the trade date.
GS Finance Corp. is offering leveraged buffered Russell 2000® Index-linked notes due May 6, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. If the final underlier level exceeds the initial level, investors receive 110% participation in the upside capped at a $1,230 maximum settlement per $1,000. If the final level is between 90% and 100% of the initial level, investors receive the face amount. If the final level falls below 90%, losses occur pro rata below the buffer (buffer amount 10%, buffer rate 100%). Trade date is April 2, 2026 and original issue date is April 7, 2026. The calculation agent is Goldman Sachs & Co. LLC. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, model-based valuation differences versus original issue price, and uncertain U.S. federal income tax treatment.
GS Finance Corp. offers Buffered Digital S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with an initial underlier level of 6,624.70, a 10% buffer (buffer level 90% of the initial level) and a capped maximum settlement of $1,187.10 per $1,000 face amount. Payment at maturity depends on the underlier return measured from March 18, 2026 to the determination date (March 20, 2028), with losses of approximately 1.1111% of face for each 1% decline below the buffer level. Trade date is March 19, 2026; original issue date is March 24, 2026. The notes pay no interest, carry issuer and guarantor credit risk, and have an original issue price equal to 100% of face less an underwriting discount of 1.5%.
GS Finance Corp. is offering Leveraged S&P MidCap 400® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a cash settlement at maturity tied to the S&P MidCap 400 index performance. Key terms include an 129% upside participation rate, a 80% trigger buffer level (20% buffer amount), a trade date of March 31, 2026, and a stated maturity of April 3, 2031. If the final index level on the determination date exceeds the initial level, holders receive the face amount plus upside participation times the index return; if the final level is at or above the trigger buffer level but not above the initial level, holders receive the face amount; if the final level is below the trigger buffer level, holders suffer downside pro rata and could lose their entire investment.
GS Finance Corp. is offering callable structured notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $784,000 on the original issue date. The notes mature on March 24, 2031 (earlier if automatically called) and are linked to ADS/share prices for TSM, NVDA, GOOG and AMD.
The notes pay a monthly coupon of either $7.917 (maximum) or $0.209 (minimum) per $1,000 face amount depending on whether each index stock is at or above 80% of its initial price on observation dates. Initial index stock prices are specified in the terms. Issue price is 100% of face amount, underwriting discount 4%, and net proceeds to the issuer 96%. The estimated value on the trade date was approximately $948 per $1,000 face amount.
GS Finance Corp. is offering structured, principal-at-risk notes (aggregate face amount $5,070,000) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 195.25% and reference the Nasdaq-100 Technology Sector Index and the Russell 2000® Index.
Notes are automatically called on annual observation dates if each underlier’s closing level is ≥ its initial level; call premiums are 14% on March 22, 2027 and 28% on March 22, 2028. If not called, maturity is March 22, 2029 (determination date March 19, 2029) and the cash amount depends on the lesser performing underlier versus its initial level. A trigger buffer is set at 70% of initial levels; if any underlier closes below that buffer, investors may lose up to their entire investment.
GS Finance Corp. offers $492,000 face amount of medium‑term notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP). The notes pay no interest and mature on March 22, 2029 with payoff tied to the underlier level on the determination date.
Key economics: 119% upside participation, 30% buffer (buffer level = 70% of initial level), buffer rate 100%. If final underlier > initial, you receive principal plus upside participation; if final ≤ initial but ≥ buffer level, you receive the face amount; if final < buffer level you suffer downside pro rata. The notes are subject to issuer and guarantor credit risk and pricing models show the original issue price exceeds estimated model value.
GS Finance Corp. offers principal-protected contingent coupon notes guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $980,000 on original issue, trade date March 17, 2026, original issue date March 20, 2026, stated maturity March 24, 2033, issue price 100% and an underwriting discount of 4.125% (net proceeds 95.875% of face).
Monthly coupons of up to $6 per $1,000 (up to 7.2% per annum) are paid only if the closing price of each of four index stocks meets or exceeds 80% of its initial price on coupon observation dates. The notes are subject to automatic call if each index stock equals or exceeds its initial price on any call observation date, in which case holders receive face amount plus accrued coupon. Payments are unsecured and subject to issuer and guarantor credit risk. The estimated value at pricing was approximately $936 per $1,000 face amount.
GS Finance Corp. offers $4,825,000 aggregate face amount of callable S&P 500® Futures Excess Return Index-linked notes due March 20, 2031.
The notes pay no interest, have an initial underlier level of 543.60 (trade date March 17, 2026), an upside participation rate of 400% and a trigger buffer level equal to 70% of the initial underlier level. If the final underlier level is above the initial level, holders receive 4x the index return; if the final level is between 70% and the initial level, holders receive the face amount; if below 70%, holders suffer a proportional loss and could lose their entire investment.
The issue price is 100% of face amount, estimated value at pricing ~$978 per $1,000 face amount, underwriting discount 1.125% and net proceeds to the issuer 98.875%.
GS Finance Corp. is offering autocallable Russell 2000® Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 125% and a trigger buffer at 80%.
If the notes are automatically called on the call observation date, the issuer will pay $1,202.50 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on final underlier performance: upside is capped to the participation formula, full principal is returned when the final level is at or above the trigger buffer, and losses apply if the final level is below the trigger buffer, including the potential to lose the entire investment.
Key dates: trade date March 24, 2026, original issue date March 27, 2026, call observation date March 31, 2027, call payment date April 5, 2027, determination date March 24, 2031, and stated maturity date March 27, 2031. The notes are subject to issuer and guarantor credit risk and may have limited secondary market liquidity.
GS Finance Corp. priced $2,255,000 aggregate face amount of Leveraged Callable S&P 500® Futures Excess Return Index‑Linked Notes due March 18, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an initial underlier level of 543.60 and an upside participation rate of 450%.
At maturity (determination date March 11, 2033 subject to adjustments), each $1,000 face amount pays $1,000 if the final underlier level is equal to or below 543.60, or $1,000 plus 4.50 times the underlier return if the final level is greater. The issuer may redeem in whole on scheduled monthly call payment dates beginning March 22, 2027 at specified capped call premiums. The trade date is March 17, 2026, original issue date March 20, 2026, and the estimated value on the trade date was approximately $940 per $1,000 face amount. Underwriting discount is 4.125% (net proceeds to issuer 95.875%).
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term cash-settled notes linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, the maturity payment depends on the underlier return from the trade date to the determination date: a positive return pays $1,000 plus 205% of the underlier return; a final level between the initial level and the 85% buffer returns the face amount; a final level below the buffer reduces principal pro rata, potentially causing substantial loss. The notes pay no interest, are sold at 100% of face with a 0.75% underwriting discount, and mature in March 2032.
GS Finance Corp. offers $255,000 aggregate face amount of Buffered Russell 2000® Futures Excess Return Index-Linked Notes due March 22, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the underlier's change from an initial level of 340.23 (trade date March 17, 2026) to the determination date (March 17, 2032). If the final level rises, holders receive 1.85× (185%) participation in the upside. If the final level falls up to 15%, holders receive the face amount. If it falls more than 15%, losses are realized according to the formula and principal can be substantially reduced. The estimated value on the trade date is approximately $936 per $1,000 face amount; original issue price is 100% with a 0.75% underwriting discount.
GS Finance Corp. offers principal-at-risk notes linked to Palantir Technologies Inc. stock. The notes have an initial index stock price of $155.08, a call observation date of March 17, 2027 (automatic call pays $1,340 per $1,000) and a stated maturity of March 22, 2029. At maturity the upside participation rate is 125%; a trigger buffer equals 60% of the initial price. If final stock performance falls below the trigger buffer, holders absorb losses (you could lose your entire investment). The estimated value at issuance was approximately $970 per $1,000. Original issue price is 100% with an underwriting discount of 2% plus a structuring fee up to 0.8%; net proceeds shown are 98% of face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering Callable 10‑Year CMT Rate‑Linked Range Accrual Notes due March 20, 2036 with an initial aggregate principal of $14,310,000. The notes pay 8.65% per annum for the first four quarterly interest dates, then a range‑accrual interest determined by the fraction of reference dates on which the 10‑year CMT rate is within 0.00%–5.00%. The issuer may redeem the notes in whole on any quarterly interest payment date on or after March 2027 at 100% of principal plus accrued interest. The original issue price is 100.00% with a 3.50% underwriting discount; the estimated value at pricing was approximately $941 per note. The notes are unsecured obligations of GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering callable, equity‑linked medium‑term notes maturing on March 26, 2029 that reference the Class A common stock of Robinhood Markets, Inc., the common stock of TG Therapeutics, Inc. and the common stock of SoFi Technologies, Inc.
The notes pay monthly contingent coupons only if each index stock meets a 60% coupon trigger of its initial price and are automatically called beginning in March 2027 if each index stock equals or exceeds its initial price. At maturity, if not called, cash settlement depends on the lesser performing index stock versus its initial price, with a 50% trigger buffer and potential principal loss if that stock falls below -50%. The original issue price is 100% and the aggregate initial face amount is $1,170,000; the estimated value at pricing was approximately $935 per $1,000 face amount.
GS Finance Corp. offers index-linked notes due April 19, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes are non‑interest bearing and pay a cash settlement tied to the lesser performing of the Russell 2000® and the S&P 500® as measured from the trade date (expected April 15, 2026) to the determination date (expected April 16, 2029).
For each $1,000 face amount at maturity: if both indices are >= their initial levels you receive $1,000 plus the lesser performing index return times the upside participation rate of 111.25%. If any index is down but >= 82% of its initial level you receive $1,000 plus the absolute value of the lesser performing index return. If any index is below 82% of its initial level the payoff equals $1,000 times (lesser performing index return + 18%), which can produce a material loss of principal. The estimated value at pricing is between $925 and $965 per $1,000 face amount.
GS Finance Corp. offers principal-at-risk notes linked to the State Street® SPDR® S&P® Bank ETF and the VanEck Semiconductor ETF due December 26, 2028. The notes pay a monthly coupon of $8.959 per $1,000 face amount (0.8959% monthly, ~10.75% annual) only if both ETFs close at or above 75% of their initial levels on each coupon observation date.
The notes are automatically called on any call observation date (monthly from September 2026 through November 2028) if both underliers close at or above 95% of initial levels ($58.22 for KBE; $396.88 for SMH). At maturity, if not called, repayment depends on the lesser performing underlier: full principal if each final level ≥ 75%, otherwise principal is reduced proportionally down to as low as 25% of face. Trade date: March 17, 2026; original issue date: March 20, 2026; original issue price: 100% of face; underwriting discount: 3.25%; estimated note value at pricing: $959 per $1,000 face amount.
GS Finance Corp. is offering S&P 500®-linked, principal-at-risk notes with an aggregate face amount of $4,900,000 and a stated maturity of March 22, 2033 (determination date March 17, 2033). Each $1,000 face amount pays no interest and returns at maturity depend on the S&P 500 final level versus the initial level of 6,716.09.
If the final level is above the initial level you receive the underlier return up to a $2,765 maximum settlement amount per $1,000 face. If the final level is between 80% and 100% of the initial level you receive the face amount. If the final level is below 80%, losses accrue pro rata and you may lose a substantial portion of principal. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and limited secondary-market liquidity.
GS Finance Corp. is offering $5,200,000 aggregate face amount of autocallable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100®, mature on September 21, 2028 (determination date September 18, 2028), and may be automatically called on quarterly observation end dates beginning June 2026 through June 2028.
Coupons equal $35 per $1,000 (a 3.5% quarterly rate, up to 14% per annum) are payable for a quarter only if each index closes at or above 70% of its initial level on every trading day of the quarterly observation period. At maturity, if not called, holders receive $1,000 per $1,000 face amount if each index is at or above 60% of its initial level; otherwise the cash payment equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial loss of principal.
Trade date: March 17, 2026; original issue date: March 20, 2026; issue price: 100%; underwriting discount: 0.7%; net proceeds to issuer: 99.3%. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. offers principal-at-risk, equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference Alphabet, NVIDIA, Broadcom and Meta stock performance and have an aggregate original face amount of $2,177,000 on the original issue date. Coupons (up to 2.0209% monthly) are paid only if all four index stocks meet a 70% trigger on monthly observation dates. If any index stock finishes below 70% of its initial price at maturity, repayment is reduced proportionally to the lesser performing stock return. The issuer may redeem notes at 100% of face plus any coupon on scheduled coupon payment dates commencing March 2027 through December 2028. The estimated value at pricing was approximately $980 per $1,000 face amount.
GS Finance Corp. offers Airbag In‑Digital Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities pay a capped digital return expected between 10.00% and 13.00% if the final index level is at or above a downside threshold equal to 90.00% of the initial index level. Key dates: Trade date March 25, 2026, Original issue date March 30, 2026, Determination date June 25, 2027, Stated maturity date June 30, 2027. If the final index level falls below the threshold, holders lose approximately 1.1111% of face amount for each 1.00% decline beyond the 10.00% threshold; investors may lose their entire investment. The estimated value on the trade date is between $9.65 and $9.95 per $10 face amount. Payments at maturity are subject to the issuer’s and guarantor’s creditworthiness; there is limited secondary market liquidity and specific, uncertain U.S. federal tax treatment.
GS Finance Corp. offers $1,621,000 Autocallable Buffered S&P 500® Index‑Linked Notes due March 20, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes were priced at 100% of face ($1,000 denominations) with a trade date of March 17, 2026 and original issue date March 20, 2026.
The notes feature an automatic call on the call observation date March 24, 2027 if the S&P 500 closing level is ≥ 105% of the initial level (6,716.09), producing a capped cash payment of $1,100 per $1,000 face. If not called, maturity payoff on the determination date March 17, 2031 pays 1.83× the index return if positive, returns face amount for declines up to 10%, and applies a buffer rate of approximately 111.11% for declines beyond 10%, which can result in a total loss of principal.
GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Intel Corporation. The notes pay contingent monthly coupons when the underlier closes at or above 60% of the initial level and will be automatically called if the underlier closes at or above the initial level on a call observation date. At maturity (stated maturity April 9, 2029), if not called, payment depends on the final underlier level versus a 50% trigger buffer: payments are capped at 100% of face if the final level is at or above the buffer, but can decline pro rata below that and may result in a total loss of principal if the final level is far below the buffer. Trade date is April 1, 2026 and original issue date is April 6, 2026. The notes are subject to issuer and guarantor credit risk, model-based pricing that may exceed estimated value, limited liquidity, tax uncertainty, and other structural risks described in the supplement.
GS Finance Corp. is offering $1,725,000 aggregate face amount of Trigger Autocallable Contingent Yield Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of DexCom, Inc. and pay quarterly contingent coupons of $0.27125 per $10 face amount (up to 10.85% per annum) only if the index stock meets the coupon barrier.
The initial underlying stock price is $66.34 (strike date March 16, 2026; trade date March 17, 2026; original issue date March 20, 2026). Call observation dates begin June 16, 2026, and the determination date is March 16, 2027 with stated maturity March 19, 2027. The coupon barrier and downside threshold equal 50% of the initial price; if the final price is below that threshold at maturity, principal is reduced proportionally to the stock return and investors may lose all or a substantial portion of their investment. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Palantir Technologies Inc. (Bloomberg: PLTR UW) and pay a contingent quarterly coupon of 5.5% ($55 per $1,000) if the underlier closes at or above a 60% coupon trigger on each coupon observation date, subject to the automatic call feature.
The notes will be automatically called on a call payment date if the underlier closes at or above the initial underlier level on the related call observation date; in that event each $1,000 face amount pays $1,000 plus any coupon then due. If not called, the cash settlement at maturity depends on the final underlier level relative to a 60% trigger buffer level, and investors may lose up to the full principal. Trade date is March 31, 2026; original issue date is April 6, 2026. The original issue price is 100% of face amount with a 2% underwriting discount (net proceeds 98%).
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers autocallable contingent coupon index-linked notes tied to the Russell 2000®, S&P 500® and Nasdaq-100®. The notes mature on September 21, 2028 unless automatically called on any observation end date commencing in June 2026 through June 2028. Coupons of $33.75 per $1,000 (3.375% quarterly; up to 13.5% per annum) are payable for a quarterly period only if each index is at least 70% of its initial level on every trading day during that quarterly observation period. Automatic call occurs if each index closes at or above its initial level set on March 18, 2026 (Russell 2,478.642, S&P 500 6,624.70, Nasdaq-100 24,425.09), in which case holders receive principal plus any coupon then due on the call payment date. At maturity (if not called), full principal ($1,000) is returned only if the lesser performing index is >= 60% of initial; if the lesser performing index is below 60%, final cash payment equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial principal loss. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of the issuer and guarantor.
GS Finance Corp. is offering callable, structured notes guaranteed by The Goldman Sachs Group, Inc. linked to the common stocks of Apple, NVIDIA, Meta Platforms and AMD. The notes are expected to mature on April 3, 2031 and may be automatically called on monthly observation dates beginning in March 2027. Each monthly coupon per $1,000 face amount will be either $7.292 (maximum) or $0.209 (minimum) depending on whether each index stock meets a 75% coupon trigger of its initial price. Trade date is expected to be March 27, 2026 with original issue date expected to be April 1, 2026. The estimated value at pricing is shown as $885–$935 per $1,000 face amount; original issue price is stated as 100% of face amount. Payments are subject to issuer and guarantor credit risk, limited anti-dilution protection, potential market-disruption postponements, and discretion by Goldman Sachs & Co. LLC as calculation agent.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes with an aggregate face amount of $1,985,000 under a pricing supplement dated March 17, 2026. The notes pay no interest, are linked to the S&P 500® Futures Excess Return Index, and feature annual automatic call dates beginning March 17, 2027 with call premiums up to 41%. At maturity (March 24, 2031), cash settlement depends on the final underlier level versus an 80% buffer level and a 20% buffer amount; downside exposure can result in substantial losses, including a hypothetical 60% loss if the final underlier level falls to 20% of the initial level.
The notes are sold at 100% of face with a 1.125% underwriting discount, net proceeds 98.875%, and are subject to issuer and guarantor credit risk, secondary-market illiquidity, negative roll yields for the futures-based underlier, and uncertain U.S. federal tax treatment. The calculation agent is Goldman Sachs & Co. LLC.
GS Finance Corp. is offering index-linked notes due March 26, 2029 guaranteed by The Goldman Sachs Group, Inc.. The cash payment at maturity is based on the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index measured from March 16, 2026 to the determination date.
Key economic terms: 100% upside participation subject to a $1,435.5 maximum settlement per $1,000 face amount, a 25% buffer (buffer level = 75% of initial levels), initial index levels of 24,655.34 (Nasdaq-100) and 6,699.38 (S&P 500), estimated value at pricing approximately $988 per $1,000, original issue price 100%, and aggregate face amount $1,230,000.
The notes do not bear interest; investors bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may lose a substantial portion of their investment if the lesser performing underlier falls below its buffer, and upside gains are capped at the maximum settlement amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non-interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes have an initial index stock price of $155.08, a trade date of March 17, 2026, an original issue date of March 20, 2026, a call observation date of March 17, 2027 and a stated maturity date of March 22, 2029. If on the call observation date the closing price is >= $155.08, the notes will be automatically called and pay $1,391.50 per $1,000 face amount on the call payment date. At maturity, if not called, upside participation is 125% for non-negative returns; declines up to 40% produce a positive absolute return, while declines greater than 40% produce a proportional loss (you could lose your entire investment). The estimated value at pricing was approximately $992 per $1,000 face amount. The original issue price equals 100% of face amount and the structuring fee may be up to 0.8% of face amount.
GS Finance Corp. is offering notes linked to the Nasdaq-100, Russell 2000 and S&P 500 with an aggregate face amount of $2,277,000. For each $1,000 face amount, maturity payoff is either $1,000 or $1,000 plus the lesser performing underlier return, and you could lose your entire investment if the lesser performing underlier declines below its trigger buffer level. The notes pay a contingent monthly coupon of $9.459 per $1,000 when each underlier equals or exceeds its coupon trigger (70% of initial level) on observation dates. The issuer may redeem the notes on coupon payment dates commencing in June 2026. The notes are senior unsecured obligations of GS Finance Corp., unlisted, book-entry, and guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering principal‑protected‑style, cash‑settled notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $13,577,000. The notes have a trade date of March 17, 2026, an original issue date of March 20, 2026 and a stated maturity of March 18, 2033. They pay no interest, have a 100% upside participation rate, and are subject to annual automatic calls if the index closes at or above increasing call levels on specified observation dates. The issuer estimates the notes’ value on the trade date at $901 per $1,000 face amount and discloses an additional amount of $54.728 that amortizes to zero by June 16, 2026. Payments at maturity (if not called) depend on the index return; if the final index level is equal to or lower than the initial level, holders receive the face amount.
GS Finance Corp. offers Enhanced Trigger Jump Securities linked to the S&P 500® Index due April 2, 2027. These principal-at-risk notes pay, for each $1,000 principal, at least a 9.60% upside payment if the final index value is greater than or equal to a downside threshold equal to 80.00% of the initial index value. If the final index value is below that threshold, investors suffer a 1:1 loss in principal measured from the initial index value to the valuation date (i.e., full exposure to declines), and the payment at maturity may be zero. The pricing date is expected on or about March 20, 2026, the original issue date on or about March 25, 2026, and the valuation date on or about March 30, 2027. All payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so payment depends on their creditworthiness.
GS Finance Corp. is offering market-linked, auto-callable notes due March 22, 2027 linked to the Class A common stock of Strategy Inc (formerly MicroStrategy). Each security has a face amount of $1,000 and pays a contingent monthly coupon of $32.334 (approximately 38.80% per annum) only if the underlying stock's closing price on each calculation day is at or above the coupon threshold (60% of the starting price of $150.28).
If not automatically called, holders receive maturity proceeds only if the ending price is at or above the downside threshold (60% of the starting price); otherwise the maturity payment equals $1,000 × (ending price/starting price), exposing holders to >40% loss up to total loss. The securities carry issuer/guarantor credit risk, have an original offering price of $1,000, an estimated value at pricing of $980 per $1,000 face amount, and are designed to be held to maturity.
GS Finance Corp. offers contingent monthly coupon structured notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $2,128,000 face amount and pays a contingent monthly coupon of 0.9292% per $1,000 (up to ~11.15% annually) when each underlier is at or above its coupon trigger level (70% of initial). The notes reference three underliers — the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index — and the cash settlement at maturity is determined solely by the lesser performing underlier relative to its initial level, subject to a trigger buffer at 60%. The issuer may redeem the notes on coupon payment dates commencing in September 2026. The pricing supplement warns investors they could lose their entire investment and that market value and liquidity may be limited.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, contingent coupon notes linked to four stocks: Charles Schwab, Citigroup, AMD and Tesla. The notes pay a conditional monthly coupon based on a 80% trigger and a $6.834-per-month accrual formula. The notes are expected to be issued at face amount with an expected maturity of April 4, 2033 unless automatically called earlier on specified observation dates commencing in March 2027. Automatic call occurs if each index stock’s closing price on a call observation date is >= its initial price. Estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are unsecured and subject to the credit risk of the issuer and guarantor; Goldman Sachs & Co. LLC serves as calculation agent with discretionary authority to determine prices, postponements and anti-dilution adjustments.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers structured notes linked to the lesser-performing common stock of NVIDIA, AMD and Qualcomm. The notes pay at maturity based on the lowest index stock return measured from March 18, 2026 to the determination date (expected March 19, 2029), with an upside participation rate of 353.75% and a trigger buffer at 75% of each initial price. If the lesser performing index stock finishes below 75% of its initial price, holders suffer a proportional loss and could lose their entire investment. The notes do not bear interest; estimated value at pricing is roughly $925–$955 per $1,000 face amount. Payments remain subject to the issuer and guarantor credit risk and to the calculation agent’s discretionary adjustments.
GS Finance Corp. offers autocallable contingent-coupon equity-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA UW") and pay a contingent monthly coupon only if the underlier closes at or above a 75% coupon trigger on each observation date.
The notes have an automatic call if the underlier closes at or above the initial underlier level on any call observation date. A 75% buffer level and a 25% buffer amount apply to maturity cash settlement; investors may lose a substantial portion of principal if the final underlier level is below the buffer. Trade date is March 31, 2026, original issue date April 6, 2026, and stated maturity date May 5, 2027.
GS Finance Corp. priced leveraged, index-linked notes tied to the S&P 500® Futures Excess Return Index due April 7, 2031. Each note has a $1,000 face amount and pays at maturity based on the underlier return measured from the trade date to the determination date. If the final underlier level exceeds the initial level, holders receive $1,000 + ($1,000 × the upside participation rate × underlier return) with an upside participation rate of 187.5%. If the final level is between the initial level and a trigger buffer of 50% of the initial level, holders receive the face amount. If the final level is below the trigger buffer, holders suffer a proportional loss equal to the underlier return multiplied by the face amount and could lose their entire investment. The notes pay no interest and are unsecured senior debt of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering leveraged, buffered S&P 500® Index‑linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash based on the S&P 500 performance measured from March 18, 2026 to the determination date.
Key disclosed economics include an upside participation rate of 200%, a buffer of 10% (buffer level 90% of the initial underlier level), and a stated maximum settlement amount of at least $1,262 per $1,000 face amount. The initial underlier level is 6,624.70. Original issue date is March 24, 2026; determination and maturity dates are in March 2028. Principal is at risk if the final index level declines by more than the buffer.