Here are the 424B prospectus supplements from Goldman Sachs Group Inc. (GS) in our archive over the last 12 months, 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 Digital iShares® Semiconductor ETF‑linked notes due April 29, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a payoff tied to the iShares Semiconductor ETF (ticker SOXX), measured from the trade date (expected March 25, 2026) to the determination date (expected April 26, 2027). If the final ETF level is equal to or above 60% of the initial level, each $1,000 note pays a capped threshold settlement amount of $1,114. If the final ETF level falls more than 40% below the initial level, the cash payment at maturity will decline proportionally and investors could lose up to their entire investment. The pricing supplement notes an estimated value on the trade date of $925 to $955 per $1,000 face amount, below the original issue price. The notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. is offering autocallable index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500®, Dow Jones Industrial Average® and Russell 2000®, have an expected trade date of March 24, 2026, an expected original issue date of March 27, 2026, and an expected stated maturity of March 28, 2030.
The notes will be automatically called if, on any call observation date beginning March 24, 2027, each index closes at or above 80% of its initial level; call premiums rise over time (first call premium 9.1%, maturity premium 36.4%). If not called, the redemption at maturity depends on the lesser performing index: holders receive $1,364 per $1,000 face if each final index level is ≥ 80% of initial; otherwise repayment equals $1,000 plus the lesser performing index return times $1,000, which can result in a total loss of principal. The pricing supplement states an estimated model value at issuance of between $905 and $945 per $1,000 face amount and an original issue price of 100% of face.
GS Finance Corp. offers contingent callable notes guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited (representing five common shares), NVIDIA Corporation common stock, Meta Platforms Class A common stock and Advanced Micro Devices common stock.
The notes have an expected trade date of March 25, 2026, an expected original issue date of March 30, 2026 and an expected stated maturity date of April 1, 2031. Coupons are monthly: the maximum coupon is $8.5 per $1,000 face amount (0.85% monthly; 10.2% p.a.) and the minimum coupon is $0.209 per $1,000 face amount (0.0209% monthly; ~0.25% p.a.). The notes may be automatically called on specified observation dates if the closing price of each index stock is greater than or equal to its initial price. The estimated value at terms-setting is between $885 and $925 per $1,000 face amount.
GS Finance Corp. offers Buffered S&P 500® Index-Linked Notes due April 6, 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; payoff at maturity depends on the S&P 500® index performance measured from the trade date (expected April 2, 2026) to the determination date (expected April 3, 2028), subject to a cap. If the index return is positive, payoff equals the index return up to a $1,206 maximum per $1,000 face amount. A buffer protects against the first 20% of index declines; losses occur if the index falls more than 20%. The estimated value on the trade date is between $925 and $965 per $1,000 face amount. The notes are unsecured obligations and expose holders to issuer and guarantor credit risk.
GS Finance Corp. offers S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are principal-linked instruments that pay no interest and pay at maturity either the face amount ($1,000 per note) or a capped upside tied to the S&P 500® Index.
Key terms set on the trade date include an original issue price of 100% of face amount, maximum settlement amount of $1,111.70 per $1,000 face, trade date March 24, 2026, original issue date March 27, 2026, determination date March 24, 2028, and stated maturity date March 29, 2028. The notes will be settled in cash and are subject to issuer and guarantor credit risk.
GS Finance Corp. offers principal‑protected? callable equity‑linked notes tied to NVIDIA Corporation (NVDA)
The pricing supplement sets an $1,447,000 aggregate face amount of notes with a $1,000 face amount per note, issued at 100% of face with a 0.5% underwriting discount (net proceeds 99.5%). The notes reference the common stock of NVIDIA Corporation as the underlier (initial underlier level $183.22).
Key economic mechanics: quarterly contingent coupons of up to $34.75 (paid only when the underlier closing level on an observation date is at or above the coupon trigger level of 50% of the initial level); an automatic call if the underlier closes at or above the initial level on any call observation date; and at maturity a cash settlement that is 100% of face if the final underlier level is at or above the trigger buffer level (50%) but declines pro rata with the underlier return below that buffer, exposing holders to possible loss of up to 100% of principal. Trade date is March 16, 2026, original issue date March 19, 2026, and stated maturity March 23, 2029.
The issuer GS Finance Corp. is offering capped, auto‑callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6), with an expected trade date of March 23, 2026 and original issue date expected March 26, 2026. The notes may be automatically called on specified observation dates beginning in September 2026 if the underlier is ≥ 90% of the initial level; call premiums vary by call date and the maximum settlement at maturity if not called is $1,915 per $1,000 face amount.
The underlier uses up to 500% leverage with a daily cap on leverage change and a fixed daily decrement equal to 6.0% per annum, which reduces index performance. The estimated model value at pricing is between $885 and $925 per $1,000 face amount, below the original issue price. These notes do not bear interest, are unsecured obligations of the issuer, and are subject to the credit risk of the issuer and guarantor; holders can lose all principal if the final underlier level falls sufficiently below the trigger buffer (60% of initial).
The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured, cash‑settled notes linked to the S&P 500® Futures Excess Return Index. Key terms: aggregate face amount $1,529,000, no interest, Upside Participation Rate 180.25%, Buffer Level 80% (Buffer Amount 20%), trade date March 16, 2026, original issue date March 19, 2026, determination date March 17, 2031, stated maturity March 20, 2031. At maturity holders receive: (1) if the final underlier level > initial, $1,000 + $1,000 × 180.25% × underlier return; (2) if final level ≥ buffer level, $1,000; (3) if final level < buffer level, a pro rata loss tied to the shortfall below the buffer. Original issue price is 100% of face amount, underwriting discount 1%, net proceeds to issuer 99%. The notes are cash‑settled, not interest bearing, not equity, and subject to issuer/guarantor credit risk and futures‑specific risks including roll yields and contango.
GS Finance Corp. offers principal-protected contingent notes linked to a 6-stock equal-weight basket, guaranteed by The Goldman Sachs Group, Inc. The notes mature on April 15, 2027 with a determination date of April 13, 2027. For each $1,000 face amount, holders receive $1,269 if the final basket level is ≥85% of the initial level (initial basket level = 100). If the final basket level is below 85%, holders incur losses: the payoff equals $1,000 plus $1,000 × ~117.65% × (basket return + 15%), which can result in a total loss of principal. The estimated value on the trade date was approximately $969 per $1,000; original issue price was 100% and aggregate face amount on the original issue date was $500,000.
These notes pay no interest, are unsecured obligations of GS Finance Corp., and expose investors to issuer and guarantor credit risk. The calculation agent, Goldman Sachs & Co. LLC, has discretion over pricing determinations, anti-dilution adjustments, and postponement for market disruptions.
GS Finance Corp. offers autocallable Russell 2000® index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an expected stated maturity of March 31, 2031. The notes pay no interest and may be automatically called beginning on March 24, 2027 if the Russell 2000 closing level on a call observation date is greater than or equal to the initial index level, producing a cash payment equal to $1,000 plus a call premium (11.25% on the first call date, 22.5% on the second, 33.75% on the third and 45% on the fourth).
If not called, maturity payment depends on index performance: at or above the initial level you receive the greater of a $1,250 threshold settlement or participation of 100% in positive index return; a decline up to 25% returns principal; a decline beyond 25% results in a proportional loss and you could lose your entire investment. The issuer discloses an estimated value of the notes on pricing between $885 and $925 per $1,000 face amount and warns of credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. offers leveraged callable EURO STOXX 50® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a stated maturity expected March 31, 2031, a trade date expected March 26, 2026, and an upside participation rate of at least 209%. For each $1,000 face amount, holders receive $1,000 at maturity if the index return is zero or negative; if positive, they receive $1,000 plus at least 2.09 times the index return applied to $1,000. The issuer may redeem in whole on specified quarterly call payment dates beginning April 2027 at defined capped call premiums (ranging from 10% to 47.5%). Original issue price is 100%, underwriting discount 2.5%, net proceeds to issuer 97.5%, and the estimated value at pricing is expected to be between $885 and $915 per $1,000 face amount.
GS Finance Corp. offers callable, equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $1,200,000 on the original issue date and an original issue price of 100% of face amount.
The notes reference the Class A common stock of Affirm Holdings, Inc., the common stock of NVIDIA Corporation and the common stock of Tesla, Inc.. They mature on March 24, 2031 but may be automatically called on monthly observation dates beginning in March 2027 if each index stock closes at or above its initial price ($47.69 AFRM, $183.22 NVDA, $395.56 TSLA as of the trade date March 16, 2026).
Coupon mechanics: for each $1,000 face amount the maximum incremental monthly coupon equals $6.25 (0.625% monthly) subject to prior payments; the minimum monthly coupon is $0.209. The estimated value at pricing was approximately $959 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited anti‑dilution protection.
GS Finance Corp. is offering market-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date of March 16, 2026, an original issue price of 100% of face, and a stated maturity date of March 21, 2033. The notes link to the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5) and pay, at maturity if not called, $1,000 plus an upside participation of 100% of the index return when the final index level is above the initial index level (initial index level: 112.30); if the final index level is equal to or below the initial level, the maturity payment is $1,000. The notes feature annual automatic calls if the index closing level equals or exceeds rising call levels; corresponding call premiums increase each year (first-year call level 101% / 19% premium, rising to sixth-year 106% / 114% premium). GS&Co. estimated the notes' trade-date value at $941 per $1,000 face, reflecting an $59 additional amount that declines to zero on July 15, 2026. The index uses daily rebalancing, a 5% realized volatility control, momentum risk controls and a deduction of 0.65% per annum, and may allocate substantial exposure to hypothetical cash positions. These notes do not pay interest and are subject to issuer/guarantor credit risk and tax rules for contingent payment debt instruments.
GS Finance Corp. offers $2,550,000 of S&P 500®-linked notes, guaranteed by The Goldman Sachs Group, Inc. The notes have an original issue price of 100% of face amount and may be automatically called on the call observation date if the underlier closes at or above the initial level, producing a fixed call payment of $1,130.10 per $1,000 face amount. If not called, the maturity payoff depends on the S&P 500® Index return with a 150% upside participation rate and an 80% trigger buffer; investors may lose their entire investment if the final level is below the trigger. Terms include no interest, a 1.5% underwriting discount, and original issue date March 19, 2026.
GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, with The Goldman Sachs Group, Inc. as guarantor. The notes pay a monthly coupon of $12.375 per $1,000 when the index on an observation date is ≥50% of the initial level, are callable monthly beginning March 2027, and mature expectedly on March 25, 2031 if not called. The underlier applies up to 500% leverage, a cap on daily leverage changes, and a fixed daily decrement of 6.0% per annum, which reduces index performance. Estimated initial model value is $885–$925 per $1,000 face amount on the trade date; purchaser payments and all amounts are subject to issuer and guarantor credit risk and to complex index rules and market-disruption adjustments.
GS Finance Corp. offers structured, buffered, auto-callable notes guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $5,010,000. The notes reference the Nasdaq-100 and S&P 500, carry no interest, and pay at maturity based on the lesser performing underlier.
The notes feature an upside participation rate of 250%, an 80% buffer level (buffer amount 20%), automatic call opportunities in 2027 and 2028 with cash call premiums of 12.4% and 24.8%, and a stated maturity of March 21, 2029. Credit risk is borne by the issuer and guarantor.
GS Finance Corp. proposes a series of callable, structured notes guaranteed by The Goldman Sachs Group, Inc. The notes link monthly coupons to the closing prices of four index stocks and may be automatically called beginning in March 2027. The trade date is expected to be March 27, 2026 and the stated maturity is expected to be April 3, 2031.
The coupon, if paid, is $8.167 per $1,000 face amount (0.8167% monthly, ~9.8% annualized). Coupons are paid only when the closing price of each index stock on a coupon observation date is at least 70% of its initial index stock price. If, on a call observation date, each index stock’s closing price is greater than or equal to its initial price, the notes are automatically redeemed at par plus the then-due coupon.
GS Finance Corp. is offering trigger autocallable contingent yield notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index and mature on March 21, 2031.
The notes pay quarterly contingent coupons set on the trade date (between $0.26625 and $0.27875 per $10 face amount, equivalent to up to 10.65%–11.15% per annum). They are automatically called starting on the first call observation date if each index is at or above its initial level. Coupon barrier is 70.00% and downside threshold is 60.00% of each index's initial level. Estimated value at pricing is between $9.75 and $9.99 per $10 face amount; original issue price is 100.00%.
Investors face full downside exposure to the lesser performing index at maturity, credit risk of GS Finance Corp. and Goldman Sachs, limited liquidity, and tax and foreign‑market risks. Minimum purchase is $1,000.
GS Finance Corp. is offering Leveraged Buffered S&P 500® Index‑Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and does not pay interest. The notes pay at maturity based on the S&P 500 closing levels from the trade date to the determination date and feature a 200% upside participation with a maximum settlement amount of $1,312. They include a 20% buffer (buffer level = 80% of initial) and a buffer rate of 125%; losses exceed the buffer and can result in a total loss of principal. Trade date is March 19, 2026, original issue date March 24, 2026, determination date March 19, 2029, and stated maturity March 22, 2029. The original issue price is 100% of face amount; underwriting discount is 2% and net proceeds to issuer are 98% of face amount.
GS Finance Corp. is offering index-linked notes due 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices. For each $1,000 face amount, the cash payment at maturity will be $1,000 if the final level of any underlier is equal to or below its initial level; if both underliers finish above their initial levels, the payment will equal $1,000 plus the lesser performing underlier return, capped at $1,065. The notes pay no periodic interest. Key dates shown include a trade date of March 31, 2026, original issue date April 3, 2026, determination date March 31, 2027, and stated maturity date April 5, 2027. The pricing supplement warns that the original issue price exceeds the model-derived estimated value, that market liquidity is uncertain, and that payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. offers $ Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc., linked to the lesser performing of the Russell 2000® and EURO STOXX 50® indices. The notes pay quarterly contingent coupons (set on the trade date) of between $0.22 and $0.2325 per $10 face amount (up to 8.80%–9.30% per annum) only if both indices meet coupon barriers on observation dates. Commencing September 18, 2026, the notes are auto-callable if both indices are at or above their initial levels on a call observation date, in which case investors receive principal plus that quarter’s contingent coupon. If not called, repayment at maturity (March 21, 2031) is full principal only if both indices are at or above their downside thresholds (60.00% of initial levels); otherwise repayment is reduced pro rata to the lesser performing index return. The estimated model value at pricing is $9.55–$9.85 per $10 face amount; original issue price is 100.00% of face amount. These notes expose holders to both market downside tied to the lesser performing index and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. offers $1,000 face amount Leveraged S&P 500® Index-Linked Notes due April 30, 2027. The notes pay no interest and return at maturity depends on the S&P 500 performance from the March 27, 2026 trade date to the April 27, 2027 determination date.
If the final underlier level is above the initial level, investors receive $1,000 plus 300% of the underlier return capped at a $1,150 maximum settlement amount. If the final level is equal or below the initial level, holders lose 1% of face for each 1% decline and may lose their entire investment. The notes are senior debt of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; investors are exposed to issuer and guarantor credit risk.
GS Finance Corp. offers structured notes linked to NVDA, MRVL and MU with a fixed monthly coupon and an automatic call feature. The notes pay $14.584 per $1,000 face amount monthly (1.4584% monthly, ~17.5% per annum) and mature on the stated maturity date expected to be March 23, 2028 unless automatically called.
If not called, repayment at maturity depends on a trigger event: if the closing price of all three index stocks is below their initial prices on the determination date (expected March 16, 2028) and any index stock falls below 70% of its initial price, the cash settlement will be reduced pro rata based on the lesser performing stock. The estimated value at pricing is expected between $925 and $965 per $1,000 face amount.
GS Finance Corp. is offering Trigger Autocallable Notes linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a $10 face amount unit, an expected trade date of March 20, 2026, an original issue date of March 25, 2026 and an expected stated maturity date of March 25, 2031. The notes are automatically called on quarterly call observation dates if the index closing level is at or above the autocall barrier (set at 100.00% of the initial index level); call returns rise the longer the notes remain outstanding (annualized range 10.00% to 10.75%). If not called, repayment at maturity depends on the final index level versus a downside threshold of 75.00% of the initial index level; holders may lose up to their entire investment. Payments are unsecured and subject to the issuer’s and guarantor’s creditworthiness, and the estimated value at issuance is between $9.40 and $9.70 per $10 face amount.
GS Finance Corp. is offering non‑interest, principal‑linked notes tied to an equally weighted basket of CrowdStrike (CRWD), Palantir (PLTR) and Palo Alto Networks (PANW). The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer of 15%, an expected trade date of March 26, 2026, an expected original issue date of March 31, 2026, an expected call observation date of March 29, 2027 (call payment expected April 1, 2027) and an expected stated maturity date of March 30, 2028.
The notes pay at least $1,210 per $1,000 face amount if automatically called. If not called, maturity payoffs: full participation of 125% on positive basket returns; return of $1,000 if basket decline is within the 15% buffer; and pro rata losses beyond the buffer. Estimated initial model value is between $925 and $955 per $1,000 face amount; original issue price is 100% (underwriting discount 1.75%).
GS Finance Corp. offers $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a capped upside — a maximum settlement amount of at least $1,100.50 per $1,000 face amount if the final underlier level is greater than or equal to the buffer level (90% of the initial underlier level). If the final underlier level is below the buffer level, holders suffer losses: the payment falls in proportion to the underlier decline, with a buffer rate of approximately 111.11% that scales losses (you could lose your entire investment). Key dates: trade date March 20, 2026, original issue date March 25, 2026, determination date April 2, 2027, stated maturity date April 7, 2027. The notes are senior debt issued under GS Finance Corp.’s Medium-Term Notes, Series F program and are payable in cash; they do not confer shareholder rights in the underlier.
GS Finance Corp. is offering principal-at-risk, non-interest notes linked to an equally weighted basket of Amazon, Alphabet (Class C), Microsoft, NVIDIA and Tesla. The notes mature expected March 27, 2031 and may be automatically called on scheduled call observation dates beginning March 22, 2027.
For each $1,000 face amount at maturity you could receive $1,490 if the final basket level is >= the initial level (maturity premium 49%); $1,000 if the final basket level declines but remains >= 60% of the initial level (the trigger buffer); or an amount that falls below 60% of face if the final basket level is below that trigger (you could lose a substantial portion of principal). The estimated value on the trade date is between $850 and $890 per $1,000 face amount.
GS Finance Corp. is offering non-interest-bearing, principal-at-risk notes linked to an equally weighted basket of six stocks: Boeing, Constellation Energy, Eaton, KLA, L3Harris and MP Materials. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 15% (buffer level 85%) and an approximate buffer rate of 117.65%. The notes are callable if the basket closing level on the call observation date is >= initial level, producing a minimum cash redemption of $1,200 per $1,000 face amount (call payment date expected April 7, 2027); otherwise final payment at maturity (stated maturity expected March 23, 2028) depends on the basket return.
The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have an estimated value at pricing of approximately $900–$930 per $1,000 face amount, and do not pay dividends or interest. The product includes anti-dilution and market-disruption mechanics and may have limited secondary-market liquidity.
GS Finance Corp. prices autocallable, buffered S&P 500® index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026, an expected automatic call observation date of April 2, 2027 and a stated maturity date of March 23, 2028.
Key economic terms: a capped automatic call payment of at least $1,101 per $1,000 face amount if the S&P 500 closing level on the call observation date is ≥ the initial level; a threshold settlement amount of $1,202; an upside participation rate of 150%; and a buffer that protects losses up to 15% (buffer rate ≈ 117.65%). The estimated model value at pricing is between $900 and $930 per $1,000 face amount. The notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, equity‑linked notes tied to the common stock of Intel Corporation. Each note has a $1,000 face amount, a quarterly coupon set between $30.625 and $33.125 (up to 12.25%–13.25% per annum), an expected trade date of March 27, 2026 and an expected stated maturity of March 30, 2029.
The notes are automatically called if the closing price of Intel on any call observation date is greater than or equal to the initial index stock price. At maturity, if not called, cash settlement equals $1,000 if the final index stock price is >= 50% of the initial price; if below 50%, the holder suffers a proportional loss (potentially receiving less than 50% of face). The estimated value at terms set is $925–$955 per $1,000 face amount.
GS Finance Corp. is offering leveraged, non‑interest notes linked to the iShares® MSCI USA Quality Factor ETF (QUAL), with payment at maturity determined by the ETF return from the trade date to a determination date expected 23–26 months after the trade date. For each $1,000 face amount, holders receive cash equal to principal plus participation on any positive ETF return at a 300% upside participation rate, capped at a $1,232.5–$1,273 maximum settlement amount per $1,000. If the ETF return is zero or negative, payment equals principal plus the ETF return (which can result in partial or total loss of principal). The estimated value at pricing is between $950 and $980 per $1,000, and payments are subject to the issuer’s and guarantor’s credit risk and various market, tax and structural risks, including limited upside beyond the cap and potential unfavorable tax treatment.
The Goldman Sachs Group, Inc. is offering $65,000,000 of floating rate notes due March 19, 2029. The notes pay interest at compounded SOFR plus a 1.00% spread, floored at a 0.00% minimum, with quarterly payments beginning June 19, 2026.
Key commercial terms: trade date March 13, 2026, original issue date March 19, 2026, original issue price 100%, underwriting discount 0.1% and net proceeds to issuer 99.9%. GS&Co. is calculation agent and may make binding benchmark determinations; issuer may sell additional notes at different terms.
GS Finance Corp. is offering non‑interest bearing notes linked to the MSCI ACWI Index with a $1,000 face amount per note and an aggregate original face amount of $10,050,000. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity is March 16, 2029.
The notes pay at maturity based on the index return and whether a reset event occurs during the observation period ending September 14, 2026. The upside participation rate is 105%. Maximum settlement amounts are $1,400 per $1,000 if no reset event and $1,557.50 if a reset event occurs. If the final index level falls more than 15% from the initial level, the return is negative and you could lose your entire investment. The estimated value on the trade date was approximately $953 per $1,000. The issue price was 100% of face amount with an underwriting discount of 2.85%.
GS Finance Corp. offers indexed, non‑interest-bearing notes linked to the S&P 500® Index. The offering has an aggregate face amount of $1,208,000 and a per‑note face amount of $1,000. If the final index level on the September 13, 2030 determination date exceeds the initial level, each note will pay $1,000 plus the underlier return, capped at a $1,410 maximum settlement amount. If the final index level is equal to or below the initial level, holders receive the face amount only. The notes pay no periodic interest, are guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk.
Key dates include trade date March 13, 2026, original issue date March 18, 2026, determination date September 13, 2030, and stated maturity date September 18, 2030. For U.S. federal income tax purposes the issuer’s comparable yield is 4.71% with a projected payment at maturity of $1,237.00 on a $1,000 investment.
GS Finance Corp. is offering non‑interest structured notes linked to an equally weighted basket of seven stocks with a trade date of March 13, 2026, an original issue date of March 18, 2026, a call observation date of March 22, 2027 and a stated maturity of March 16, 2029.
If the basket closing level on the call observation date is ≥ the initial level (100), the notes are automatically called and pay $1,142.50 per $1,000 face amount on the call payment date. If not called, maturity payoffs depend on the basket return: positive returns pay $1,000 + $1,000×1.25×basket return; small negative returns (no worse than -35%) pay $1,000 + $1,000×|basket return|; returns below -35% produce $1,000 + $1,000×basket return, potentially reducing principal below 65% of face amount.
The estimated value at pricing was approximately $914 per $1,000 face amount. Original issue price is 100%, underwriting discount 2% (plus up to 0.8% structuring fee), and aggregate face amount offered was $2,028,000.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon notes with an aggregate face amount of $2,824,000. The notes pay a quarterly coupon of $17 per $1,000 face amount (1.7% quarterly, 6.8% annualized) only if each underlier closes at or above 55% of its initial level on the related coupon observation date.
At maturity (stated maturity March 18, 2031, determination date March 13, 2031), if not earlier redeemed, the cash settlement per $1,000 depends solely on the lesser performing underlier. If that underlier is below its trigger buffer level (55% of initial), the investor suffers a loss equal to the lesser performing underlier return times the face amount and could lose the entire investment. The company may redeem the notes, in whole but not in part, on coupon payment dates commencing September 18, 2026 through December 18, 2030. The original issue price is 100% of face amount; underwriting discount is 1.5% plus a structuring fee up to 0.6%, yielding net proceeds of 98.5% of face amount.
GS Finance Corp. priced $1,300,000 of Contingent Income Auto-Callable Securities linked to NVIDIA Corporation common stock. The securities pay a contingent quarterly coupon only if the underlying closing price on each coupon observation date is at or above a downside threshold of $90.125 (50.00% of the initial share price of $180.25), and they are automatically called if the underlying closing price on any call observation date is at or above the initial share price. At maturity, if the final share price is below the downside threshold, payment equals $1,000 × (final share price / $180.25), exposing investors to significant principal loss; if at or above the threshold, payment is $1,000 plus any final contingent coupon. Estimated value per security was $962 and the underwriter discount was 2.50%.
GS Finance Corp. offers capped, dual-index buffered notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement covers an aggregate face amount of $1,236,000 with a 125% upside participation rate, a $1,245 maximum settlement per $1,000 face amount, and a 75% buffer level. The notes reference the Dow Jones Industrial Average and the S&P 500, pay no interest, and settle in cash at maturity based on the lesser performing underlier. Trade date: March 13, 2026; original issue date: March 18, 2026; determination date: March 13, 2028; stated maturity date: March 16, 2028.
GS Finance Corp. is offering $7,500,000 aggregate face amount of buffered notes linked to the iShares® Expanded Tech-Software Sector ETF due April 14, 2027. The notes do not pay interest; payoff is determined by the ETF’s closing level from the initial level of $84.99 (set March 12, 2026) to the determination date.
If the final ETF level is ≥ 85% of the initial level you receive a capped $1,153.50 per $1,000 face amount. If the final level is below that threshold, losses apply with a buffer mechanic using a buffer rate of approximately 117.65%, and you could lose your entire investment. Estimated value on the trade date was approximately $977 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is offering $18,165,000 of Callable Fixed Rate Notes due 2030. The notes pay interest at $4.30% per annum from March 18, 2026 to March 18, 2030, payable each March 18 and September 18, beginning September 18, 2026.
The issuer may redeem the notes in whole, not in part, on each quarterly redemption date on or after March 18, 2028, at 100% of principal plus accrued interest with at least five business days’ prior notice. The initial price to public is 100% and underwriting discount is 0.997%, producing proceeds before expenses of $17,983,894.95. Settlement is scheduled in New York through DTC on March 18, 2026. Book-entry interests will be held through DTC. The notes are new securities with no established trading market and are not FDIC insured.
GS Finance Corp. offers $5,301,000 aggregate Autocallable Index-Linked Notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the March 15, 2027 observation date for $1,176 per $1,000 face amount if both underliers close at or above their initial levels (STOXX Europe 600: 595.85; S&P 500: 6,632.19).
If not called, maturity payoff depends on the lesser performing index: 200% upside participation if both indices finish above initial levels; return of $1,000 if the final level(s) remain at or above 75% of initial levels; and downside proportional to the lesser performing index if any index is below 75%. The pricing supplement shows an estimated value of approximately $940 per $1,000 face amount, an original issue price of 100%, an underwriting discount of 3.35%, and net proceeds to issuer of 96.65%.
GS Finance Corp. offers callable, non-interest notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected trade date of March 31, 2026, an expected original issue date of April 3, 2026, and an expected stated maturity date of April 5, 2033.
The notes are automatically called if the index closing level on any call observation date is >= 101% of the initial index level; if called, investors receive the face amount plus a specified call return (first call: 11%, later calls up to 71.5%). If not called, at maturity each $1,000 face amount pays $1,770 if the final index level is >= 101% of the initial index level, otherwise $1,000. The pricing supplement shows an estimated value at issuance of $885–$935 per $1,000 face amount.
Payments depend on index performance but remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The index applies a 0.65% per annum deduction (accruing daily) and may allocate a large portion to hypothetical cash positions, which can limit upside. Investors should read the Index Summary and Risk Factors for full details.
GS Finance Corp. priced autocallable buffered S&P 500® index-linked notes due March 20, 2031 (expected), guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face note pays $1,100 if automatically called on the call payment date following a call observation date where the S&P 500® is ≥ 105% of the initial level. If not called, maturity payoffs: participation of 183% on positive index returns; full return of principal if final index decline ≤ 10%; buffered downside beyond 10% with a buffer rate of ~111.11%, potentially resulting in a total loss. Estimated value at pricing is between $885 and $915 per $1,000 face amount. Pricing and secondary-market quotes reflect GS&Co.'s proprietary models, credit spreads and bid/ask spreads. Key trade date and observation dates are set on the trade date (expected March 17, 2026).
GS Finance Corp. is offering autocallable index-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry automatic quarterly calls if all three underliers close at or above their initial levels, and cap upside while exposing holders to significant downside if the lesser performing underlier falls below its 85% buffer level.
Key features: linked to the Nasdaq-100, Russell 2000 and S&P 500; a maturity date premium of 42.90%; buffer amount 15% with a 100% buffer rate; specified quarterly call premium steps (first call 14.3%, final listed call 39.325%). Payments are cash-settled and depend solely on the lesser performing underlier; purchasers bear the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Alphabet Inc. (Bloomberg: GOOGL UW), pay a contingent quarterly coupon of $30 per $1,000 (3% quarterly, up to 12.00% per annum) if the underlier is at or above 70% of the initial level on each coupon observation date, and are automatically called if the underlier is at or above the initial level on any call observation date. The trade date is March 18, 2026 and the original issue date is March 23, 2026. At maturity the cash settlement equals $1,000 if the final underlier level is at or above the 70% trigger buffer; otherwise the cash settlement equals $1,000 × underlier return, meaning an investor could lose up to 100% of their investment. The original issue price is 100% of face, underwriting discount 2%, net proceeds to issuer 98% of face. Pricing, final initial underlier level, and other terms will be set on the trade date; purchasers bear credit risk of the issuer and guarantor.
The offering describes GS Finance Corp. notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $1,312,000. The notes pay no periodic interest, have an upside participation rate of 100%, and are subject to an automatic call on annual observation dates if the index closes at or above rising call levels that carry specified call premiums. If not called, at maturity the cash payment per $1,000 face amount equals $1,000 plus the upside participation rate times the index return if the final index level exceeds the initial index level; otherwise the holder receives $1,000.
Key economic dates and figures shown include: trade date March 13, 2026, original issue date March 18, 2026, determination date March 13, 2034, stated maturity March 20, 2034, initial index level 112.22, estimated trade‑date value $900 per $1,000 face amount, original issue price 100%, underwriting discount 4.25%, and an additional amount of $57.5 that phases out by June 12, 2026. The notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both entities.
GS Finance Corp. is offering structured, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. linked to ADS of Taiwan Semiconductor Manufacturing Company Limited (5-for-1 ADS) and the common stocks of NVIDIA, Meta Platforms and Tesla. The notes mature on April 1, 2031 (expected) unless automatically called on observation dates beginning in March 2027. Monthly coupons per $1,000 face amount pay either a $8.459 maximum (if every index stock on the observation date is >= 80% of its initial price) or a $0.209 minimum. The trade date is expected to be March 25, 2026 and the original issue date is expected to be March 30, 2026. The estimated value at pricing is between $885 and $925 per $1,000 face amount, reflecting underwriting and costs.
GS Finance Corp. priced a structured note linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (SPAR4V6 Index). The notes pay a coupon of $12.50 per $1,000 (1.25% monthly, up to 15% per annum), mature on March 18, 2031, and may be automatically called on qualifying monthly observations commencing September 2026. A coupon is paid only if the SPAR4V6 Index closing level on a coupon observation date is ≥ 70% of its initial level (421.18); a trigger event at maturity occurs if both underliers close below their initial levels (421.18 for SPAR4V6; 6,632.19 for SPX). The SPAR4V6 Index can use up to 500% leverage, is subject to a 6.0% per annum daily decrement, and the issuer disclosed an estimated value of approximately $943 per $1,000 face amount on the trade date.
GS Finance Corp. is offering $17,785,000 of autocallable, buffered EURO STOXX 50® Index-linked notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on specified call observation dates beginning in March 2027 if the index closing level is ≥ 90% of the initial level of 5,716.61. If automatically called, holders receive $1,000 plus a call premium (table lists call premium amounts up to 49.4%). If not called, maturity payoff depends on the final underlier level on the determination date March 13, 2031: a capped maximum of $1,520 per $1,000 face amount if final level ≥ 90%; return of principal if final level is between 85% and 90%; and a downside exposure below the 85% buffer with a buffer rate of approximately 117.65%, potentially resulting in a total loss. The estimated value on the trade date was about $989 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.
GS Finance Corp. offers principal-at-risk, non‑interest notes linked to Meta Platforms, Inc. stock with an automatic call feature. The notes have a trade date of March 13, 2026, an original issue date of March 18, 2026, and a stated maturity of March 16, 2028.
If the notes are automatically called (call observation date March 29, 2027) and the closing price of Meta is ≥ the initial index stock price of $613.71, holders receive $1,210.50 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the final index stock price on the determination date March 13, 2028, with a threshold settlement amount of $1,421, a buffer at 85% of the initial price, and a buffer rate of ~117.65%. The estimated value on the trade date is approximately $972 per $1,000 face amount. The offering face amount was $2,626,000 aggregate at issuance; underwriting discount is 1.5% and net proceeds 98.5% of face amount. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and payments are subject to issuer and guarantor credit risk.