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 index-linked, principal-at-risk notes due April 9, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is based solely on the performance of the lesser performing of three underliers: the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index.
Key terms: trade date March 6, 2026, original issue date March 11, 2026, determination date April 6, 2027, trigger buffer 70% of initial levels, maximum settlement $1,134.40 per $1,000 face amount (capped return), and no interest payments. If any final underlier level is below its trigger buffer, holders lose proportionally based on the lesser performing underlier return; investors could lose their entire investment. Terms are subject to adjustment per the general terms supplement.
GS Finance Corp. is offering digital S&P 500® Futures Excess Return Index‑linked notes due March 11, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The cash payoff per $1,000 face amount depends on the underlier’s performance from the trade date (March 6, 2026) to the determination date (March 6, 2031). If the final underlier level is at or above the initial level, holders receive the greater of the threshold settlement amount of $1,655 or $1,000 plus $1,000 times the underlier return. If the final level is below the initial level, holders lose 1% of face for each 1% decline and could lose the entire investment. The notes pay no interest, are cash‑settled, and are subject to issuer and guarantor credit risk, market valuation differences from futures exposure (including negative roll yields), limited liquidity, and uncertain U.S. federal tax treatment.
GS Finance Corp. is offering leveraged, buffered notes linked to the iShares® MSCI Emerging Markets ETF, guaranteed by The Goldman Sachs Group, Inc. The terms set a trade date of March 13, 2026, an original issue date of March 18, 2026, a determination date of March 15, 2027, and a stated maturity date of March 18, 2027.
The notes pay no interest and deliver a cash settlement per $1,000 face amount that depends on the underlier return: upside participation is 200% subject to a maximum settlement amount of $1,175; a 10% buffer protects principal only if losses do not exceed a 10% decline (buffer level = 90% of the initial underlier level); losses beyond the buffer reduce principal on a one‑for‑one basis. The calculation agent is Goldman Sachs & Co. LLC.
GS Finance Corp. offers callable contingent coupon equity-linked notes due September 17, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of ServiceNow, Inc. and pay contingent monthly coupons when the underlier closes at or above a 60% coupon trigger level (measured vs. the initial underlier level). The notes repay $1,000 per face amount at maturity if the final underlier level is greater than or equal to a 50% trigger buffer level; otherwise the cash payment equals $1,000 × underlier return, which could result in a total loss of principal. Trade date is March 12, 2026, original issue date March 17, 2026, and the company may redeem the notes on coupon payment dates commencing in September 2026 through August 2027.
The Goldman Sachs Group, Inc. offers callable fixed rate notes paying 4.30% per annum from and including the expected original issue date of March 17, 2026 to but excluding the expected stated maturity of March 17, 2030.
Interest is payable semiannually on March 17 and September 17, with the first payment expected on September 17, 2026. The notes are redeemable at the issuer’s option in whole (but not in part) on each scheduled redemption date on or after March 17, 2028, at a redemption price equal to 100% of principal plus accrued and unpaid interest, with at least five business days’ prior notice.
GS Finance Corp. offers index-linked notes due March 18, 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has $1,000 face amount and pays at maturity an amount tied to the lesser performing of the Nasdaq-100 Futures Excess Return™ Index and the S&P 500® Futures Excess Return Index measured from the trade date (expected March 13, 2026) to the determination date (expected March 13, 2030).
If both underliers finish at or above their initial levels, holders receive $1,000 plus 240% times the lesser performing index return; if the lesser performing underlier is below its initial level, the payoff equals $1,000 plus the lesser performing underlier return, which can result in losses of principal. The estimated value on the trade date is between $905 and $945 per $1,000 face amount.
GS Finance Corp. is offering buffered, auto-callable equity-linked notes tied to the Class A common stock of AppLovin Corporation (index stock) with an expected trade date of March 12, 2026 and an expected stated maturity of March 15, 2029.
The notes pay a monthly coupon of $13.334 per $1,000 face amount (1.3334% monthly) only if the index stock closing price on a coupon observation date is >= 50% of the initial index stock price. The notes feature a 50% buffer: if the final index stock price is >= 50% of the initial price you receive principal; if below 50%, you suffer losses proportional to the index stock decline beyond the buffer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.
GS Finance Corp. is offering structured notes linked to the S&P 500 Index with an aggregate face amount of $16,731,000. Each $1,000 note pays no interest and at maturity provides a leveraged upside (an upside participation rate of 200%), capped at a maximum settlement amount of $1,222.60, a buffer that protects losses up to 10% of the initial underlier level, and a downside exposure that can result in a loss of principal if the final underlier level is below the 90% buffer level.
The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; purchasers are subject to issuer and guarantor credit risk and to model/secondary‑market pricing that may be lower than the original issue price. Trade date is March 4, 2026, original issue date March 9, 2026, and stated maturity is in March 2028.
GS Finance Corp. offers structured, autocallable notes with an aggregate face amount of $1,095,000 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $6.25 per $1,000 (0.625% monthly; up to 7.50% per annum) if each underlier is at or above 70% of its initial level on observation dates. The underliers are the Nasdaq-100, Russell 2000 and S&P 500. The notes may be automatically called on specified quarterly call dates if all underliers are at or above their initial levels; stated maturity is March 11, 2031. If not called, final cash settlement is based on the lesser performing underlier and can result in a total loss of principal; original issue price is 100% with a 4.3% underwriting discount.
GS Finance Corp. is offering $6,425,900 in Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons of $0.255 per $10 if both the Russell 2000® and the DJIA® meet a 70% coupon barrier. Commencing Sept 2026 the notes may be automatically called if each index meets or exceeds its initial index level; at maturity principal repayment is contingent on the lesser performing index relative to a 70% downside threshold, exposing investors to potential loss of principal and credit risk of GS Finance Corp. and Goldman Sachs.
GS Finance Corp. offers contingent income auto-callable securities guaranteed by The Goldman Sachs Group, Inc. The securities pay a contingent quarterly coupon and may be automatically called; payment and principal at maturity depend on the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100® indices. The downside threshold is 65.00% of each index's initial index value. Pricing is expected on or about March 13, 2026, original issue date expected March 18, 2026, and stated maturity is expected March 16, 2028. The estimated value range is $915 to $975; underwriting discount is 2.00%.
GS Finance Corp. is offering leveraged, callable Russell 2000® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an expected stated maturity date of March 24, 2031, $1,000 denominations and an upside participation rate of at least 125%.
The issuer may redeem the notes on quarterly call payment dates beginning March 24, 2027 through December 24, 2030 for specified call premium amounts (10%–47.5%). The issue price is 100% of face amount, underwriting discount is 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. is offering structured, non‑interest bearing notes (aggregate face amount $930,000) guaranteed by The Goldman Sachs Group, Inc. The stated maturity is March 7, 2031 (determination date March 4, 2031). Payment at maturity depends on the S&P 500® Futures Excess Return Index underlier: if the final level is at or above the initial level you receive at least the threshold settlement amount $1,450 per $1,000 face; if the final level is down but within the trigger buffer 30% you receive the absolute underlier return as a positive payment; if the final level is below the trigger buffer you suffer a loss equal to the underlier decline (you could lose your entire investment). The notes do not bear interest and are subject to issuer/guarantor credit risk and futures‑linkage risks including negative roll yields.
GS Finance Corp. offers $6,424,000 of callable, index‑linked notes guaranteed by The Goldman Sachs Group, Inc., as described in Pricing Supplement No. 22,617 dated March 4, 2026. Each $1,000 face amount pays at maturity either $1,000 (if the final index level is equal to or below the initial level) or $1,000 + $1,000 × 100% × index return (if the final index level is higher), subject to an automatic call feature on annual call observation dates starting March 4, 2027. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index), which applies a 0.65% p.a. deduction and volatility/momentum controls that can allocate substantial weight to hypothetical cash positions. Estimated trade‑date value was $903 per $1,000 face amount with an additional amount of $53.25 declining to zero by June 3, 2026. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
The GS Finance Corp. pricing supplement offers structured, cash-settled notes linked to the S&P 500® Index, with an aggregate face amount of $4,475,000. The notes do not bear interest and are fully guaranteed by The Goldman Sachs Group, Inc.
The notes feature an upside participation rate of 205%, a buffer level of 90% (buffer amount 10%), and an initial underlier level of 6,816.63 (closing level on March 3, 2026). If the notes are automatically called (call observation date March 16, 2027), holders receive $1,100 per $1,000 face amount on the call payment date. If not called, maturity payment on the stated maturity date (March 8, 2028) is cash-settled based on the final underlier level and the disclosed buffer and buffer rate.
GS Finance Corp. / The Goldman Sachs Group, Inc. offers an Auto-Callable Trigger PLUS note linked to the Invesco S&P 500® Equal Weight ETF with expected pricing on March 13, 2026 and an original issue date of March 18, 2026.
The securities pay at least $1,100 per $1,000 if the ETF closes at or above the initial ETF price on the call observation date and mature on March 16, 2029 if not called. At maturity investors receive either principal plus a 125.00% leveraged upside on positive ETF performance, principal only if the final ETF price is ≥ 80.00% of the initial price, or a downside payment pro rata to ETF performance (potentially zero). The pricing supplement shows an estimated value range of $905 to $965 per security and an underwriting discount of 2.75%.
GS Finance Corp. offers $1,654,000 aggregate face amount of buffered S&P 500® Index-linked notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference an initial index level of 6,816.63 (set March 3, 2026) and pay at maturity based on the S&P 500 performance to the determination date of March 5, 2029. Positive index returns are multiplied by a 76.4% participation rate. A 30% buffer protects against declines up to 30%; declines beyond 30% produce losses (cash payoff formula reduces principal as described). The estimated value on the trade date is approximately $992 per $1,000. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering principal-protected, non‑interest bearing notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, expected trade date March 19, 2026 and stated maturity March 25, 2033.
If the index closing level on any semi‑annual call observation date beginning March 2027 is >= 102% of the initial index level the notes will be automatically called and pay a fixed call amount; if not called the maturity payment per $1,000 face will be either $1,927.50 if the final index level >= 102% of the initial index level or $1,000 if below. The pricing supplement states an estimated value of the notes on the trade date between $850 and $880 per $1,000 face amount and highlights issuer and guarantor credit risk.
The Goldman Sachs Group, Inc. is offering callable, non‑interest bearing notes due March 9, 2038 with an initial aggregate principal amount of $10,000,000 (the issuer may increase this amount at its option). The notes pay no periodic interest; at maturity each $1,000 principal amount will pay $1,000 plus a maturity date premium amount of 88.8% (yield to maturity 5.43%).
The issuer may redeem the notes in whole on scheduled call payment dates for cash equal to $1,000 plus the applicable call premium (call premiums range from 3.7% to 85.1% on listed dates). Original issue price is 100%, underwriting discount 1.2%, net proceeds to issuer 98.8%. Payments are unsecured and subject to issuer credit risk.
GS Finance Corp. offers capped, buffer-style notes linked to the S&P 500® Index. The pricing supplement covers an aggregate face amount of $3,985,000. The notes pay no interest and mature on March 22, 2027 (determination date March 17, 2027), with the initial underlier level set at 6,816.63 on March 3, 2026. If the final underlier level is ≥ the trigger buffer level (80% of initial), holders receive a capped $1,086.90 per $1,000 face amount. If the final underlier level is below the trigger buffer level, investors lose 1% of face amount for each 1% decline below the initial level and may lose their entire investment. Terms are subject to adjustment as described in the general terms supplement.
GS Finance Corp. offers leveraged buffered basket-linked notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The aggregate original face amount is $5,900,000 and the stated maturity is March 8, 2028. The notes pay no interest and return at maturity depends on a weighted basket of five indices measured from the trade date to the determination date. Investors participate at an upside participation rate of 200% up to a cap level of 114.66%, subject to a maximum settlement amount of $1,293.2 per $1,000 face amount. A downside buffer protects losses up to 10%; declines beyond 10% result in losses at a buffer rate of approximately 111.11%, which can result in total loss of principal. The estimated value at pricing was approximately $974 per $1,000 face amount and the original issue price is 100% of face amount.
GS Finance Corp. offers $27,077,530 aggregate face amount of Trigger Autocallable Contingent Yield Notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc.
The notes are linked to the least performing of the Russell 2000® and the Dow Jones Industrial Average®, pay a quarterly contingent coupon of $0.205 per $10 face amount (up to 8.20% per annum) if both indices meet a 70% coupon barrier on observation dates, and feature an automatic call beginning on September 9, 2026. The coupon barrier and downside threshold equal 70% of each index's initial level. The estimated value at pricing was approximately $9.80 per $10 face amount; original issue price is 100% with a 2.00% underwriting discount. Investing involves significant market and credit risk, including possible loss of principal.
GS Finance Corp. offers medium-term, equity-linked notes tied to Alphabet Inc. Class A (GOOGL) that pay no interest and return at maturity is based on the underlier's performance from the trade date March 4, 2026 to the determination date April 5, 2027, with a stated maturity of April 7, 2027. The notes carry a 200% upside participation rate subject to a $1,421.60 maximum settlement amount per $1,000 face; the initial underlier level is $303.13. If the final underlier level is at or below the initial level, holders lose in direct proportion to the underlier decline and may lose their entire investment. Aggregate face amount shown is $1,900,000; original issue price is 100% with underwriting discount 0.83% and net proceeds 99.17%. The notes are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; payment depends on issuer/guarantor creditworthiness and usual market/liquidity factors.
GS Finance Corp. is offering contingent quarterly-coupon, autocallable notes (aggregate face amount $500,000) tied to the common stock of Micron Technology, Inc.. The notes pay a coupon only when the underlier equals or exceeds 80% of the initial level and will be automatically called if the underlier meets or exceeds the initial level on any call observation date. The initial underlier level is $379.68 (closing level on March 3, 2026), the determination date is March 17, 2027, and stated maturity is March 22, 2027. If not called, the cash settlement at maturity depends on final underlier performance, with a 20% buffer and a buffer rate of 125%, and investors may lose their entire investment.
GS Finance Corp. priced $10,232,000 of Buffered Nasdaq-100 Index®-Linked Notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc.
The notes pay no interest and settle in cash based on the Nasdaq-100 performance measured from the initial level of 24,720.08 set on March 3, 2026 to the determination date on or about March 5, 2029. The participation rate for positive returns is 84.6%. A 15% buffer protects against declines up to 15%; declines beyond that produce proportionate principal losses. Original issue price was 100%, underwriting discount 0.85%, net proceeds 99.15%.
GS Finance Corp. is offering S&P 500®-linked, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount and pay no interest. Payment at maturity depends on the S&P 500 performance from March 3, 2026 to the determination date. If the final level is ≥ the buffer level (85%) you receive a capped maximum settlement of $1,080 per $1,000 face. If below 85%, losses apply at approximately 1.1765% of face per 1% decline below the buffer (buffer rate ≈ 117.65%), and you could lose your entire investment. Trade date is March 4, 2026, original issue date March 9, 2026, determination date March 17, 2027, and stated maturity date March 22, 2027. Original issue price is 100% of face; underwriting discount 1%; net proceeds 99% of face.
GS Finance Corp. is offering conditional, non-interest-bearing notes linked to the S&P 500® Index. For each $1,000 face amount, if the final underlier level on the April 5, 2027 determination date is ≥ the trigger buffer (80% of the initial level set on March 3, 2026), investors receive a capped maximum settlement amount of $1,092.50. If the final level is below the trigger buffer, holders lose 1% of face for every 1% decline below the initial underlier level and could lose their entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc. The offering totals $10,000,000; original issue price is 100% of face and underwriting discount is 1.042%.
GS Finance Corp. offers callable, contingent-coupon equity-linked notes tied to ServiceNow, Inc. Each note has a $1,000 face amount and pays monthly contingent coupons only when the underlier meets a 60% coupon trigger; a 50% trigger buffer determines principal loss at maturity. The issuer may redeem notes on coupon payment dates beginning September 2026. If not redeemed, maturity is September 17, 2027, and the cash settlement equals $1,000 or $1,000 plus the underlier return depending on the final underlier level; investors could lose their entire investment if the final underlier level is below the trigger buffer. Pricing and underwriting terms will be set on the trade date.
GS Finance Corp. offers principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Apple Inc. Each $1,000 note pays no interest and returns at maturity either $1,000 plus a participation amount if the final underlier level exceeds the initial level, or $1,000 plus the underlier return if it falls. The notes provide an upside participation rate of 200% but cap the cash settlement at a $1,277 maximum per $1,000 face amount. Trade date was March 4, 2026, original issue date March 9, 2026, determination date April 5, 2027 and stated maturity April 7, 2027. If the underlier declines, holders lose proportionally and may lose their entire investment. The original issue price equals face amount; underwriting discount is 0.83%.
GS Finance Corp. is offering indexed, non‑interest bearing notes due March 7, 2031 linked to an unequally weighted basket: 65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, and 10% MSCI Emerging Markets. The initial basket level is 100; the upside participation rate is 185%. If the final basket level is >100, holders receive $1,000 plus $1,000×185%×basket return. If the final basket level declines up to 20%, holders receive the face amount; declines greater than 20% produce a pro rata loss, potentially up to the full principal. Estimated value on the trade date is approximately $970 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.6%.
The Goldman Sachs Group, Inc. offers callable fixed-rate Medium-Term Notes due March 17, 2028 bearing interest at 4.00% per annum, with an expected original issue date of March 17, 2026 and semiannual interest payments (expected March 17 and September 17).
The issuer may redeem the notes in whole, not in part, on quarterly redemption dates (expected each March 17, June 17, September 17 and December 17 on or after September 17, 2026) at 100% of principal plus accrued interest with at least five business days’ notice. Settlement and delivery are expected in New York on March 17, 2026.
GS Finance Corp. offers leveraged buffered S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return cash at maturity per the S&P 500® performance from the trade date (March 19, 2026) to the determination date (March 20, 2028), with an upside participation rate of 125% and a maximum settlement amount of at least $1,206 per $1,000 face amount.
Downside protection is limited by a buffer level of 85%: if the final underlier is at or above the buffer level you receive the face amount; if it is below the buffer you incur losses proportional to the decline beyond the 15% buffer. Trade date is March 19, 2026, original issue date March 24, 2026, and stated maturity March 23, 2028.
GS Finance Corp. is offering auto-callable, monthly‑coupon notes guaranteed by The Goldman Sachs Group, Inc. linked to the Class C capital stock of Alphabet and the common stocks of Tesla, NVIDIA and AMD. The notes are expected to mature on March 31, 2031 and may be automatically called on observation dates commencing in March 2027 through February 2031
Coupons: for each $1,000 face amount, the maximum monthly coupon is $7.50 (0.75% monthly, up to 9% per annum) if all index stocks close at or above 75% of initial prices; the minimum monthly coupon is $0.209 (≈0.0209% monthly, ≈0.25% per annum) if any index stock closes below 75% on an observation date. Notes will be automatically redeemed if all index stocks close at or above 90% of their initial prices on a call observation date.
The trade date is expected to be March 24, 2026 and the original issue date expected to be March 27, 2026. The estimated value on the trade date is stated as between $885 and $935 per $1,000 face amount. Payments and final redemption are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.
GS Finance Corp is offering non-interest bearing, principal‑at‑risk callable notes linked to the common stock of NVIDIA Corporation. The notes have an initial index stock price of $183.34, an upside participation rate of 150%, an expected automatic call if NVDA closes at or above the initial price on the call observation date (expected March 18, 2027) payable at $1,276.50 per $1,000 face amount, and a stated maturity expected on March 9, 2028.
If not called, maturity payment depends on the index stock return from March 5, 2026 to the determination date (expected March 6, 2028): positive returns pay 1.5x the stock return; declines up to 30% produce a positive payment equal to the absolute decline; declines beyond 30% produce a negative return (you can lose the entire investment). The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc. The estimated value at pricing is stated between $900 and $930 per $1,000 face amount.
GS Finance Corp. is offering Buffer Autocallable GEARS linked to the Russell 2000® Index, with a guarantee from The Goldman Sachs Group, Inc. Key economic terms set on the trade date: upside gearing 1.655, autocall barrier 100.00 of the initial index level, downside threshold 90.00, buffer 10.00, and call return 13.00. Trade date is March 6, 2026, original issue date March 10, 2026, call observation date March 15, 2027, and stated maturity date March 9, 2029. The estimated model value on the trade date is between $9.50 and $9.80 per $10 face amount; original issue price is 100.00 of face with an underwriting discount of 1.50. Investors face market exposure to the Russell 2000 (subject to a 10.00 buffer at maturity) and credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. priced equity-linked notes tied to the S&P 500® Index that mature March 22, 2027. Each $1,000 face amount pays no interest and returns either a capped maximum settlement amount of $1,095 if the final underlier level is ≥ 90% of the initial level, or a reduced cash payment if the final underlier level is below 90%.
The notes use an initial underlier level of 6,816.63 (set March 3, 2026), a 10% buffer amount and a buffer rate of approximately 111.11%, which implies a loss of ~1.1111% of face amount for every 1% the final level declines below the buffer level. The notes are senior unsecured obligations of GS Finance Corp., unlisted, fully guaranteed by The Goldman Sachs Group, Inc., and may result in loss of principal.
GS Finance Corp. offers callable index-linked notes due and guaranteed by The Goldman Sachs Group, Inc. linked to the lesser performing of the Russell 2000® and S&P 500® indices with expected stated maturity March 11, 2031.
The notes have an upside participation rate of 100%, initial underlier levels set on March 5, 2026, a determination date expected February 25, 2031, and monthly call payment dates beginning March 11, 2027 through February 11, 2031 with specified call premium amounts. The estimated model value at pricing is between $855 and $925 per $1,000 face amount.
GS Finance Corp. priced buffered, capped S&P 500® linked notes (offered notes) that pay no interest and return at maturity depends on the S&P 500 performance from March 3, 2026 to April 5, 2027. For each $1,000 face amount, investors receive a capped $1,100 maximum if the final underlier level is ≥ the 90% buffer level. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face per 1% decline below the buffer and could lose their entire investment. Original issue price equals 100% of face amount; underwriting discount is 1.042%, leaving net proceeds of 98.958%. Notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.; market value and liquidity are uncertain and secondary sales may incur discounts.
GS Finance Corp. offers two-year, non‑interest notes linked to Take‑Two Interactive common stock. Each $1,000 face amount pays at maturity based on the change from an $215.77 initial price (trade date March 4, 2026) to the final closing price on the determination date (March 6, 2028), subject to anti‑dilution adjustments and a $1,427.5 maximum per $1,000.
Upside: 150% participation to the cap (cap = 128.5% of initial price). Downside: a 20% buffer; losses occur if the final price declines by more than 20%. Estimated value at issuance was approximately $983 per $1,000 face amount.
GS Finance Corp. is offering auto-call, market-linked medium-term notes with a $1,000 face amount per security that are guaranteed by The Goldman Sachs Group, Inc.. The securities are linked to the lowest performing common stock of NVIDIA, AMD and Tesla and have an expected pricing date of March 18, 2026 and an original issue date of March 23, 2026.
Key economic terms include a call premium of 50.00% ($500), an upside participation rate of at least 438.00% (to be set on the pricing date), a call date of March 23, 2027, and stated maturity of March 22, 2029. If not called, the maturity payment depends solely on the performance of the lowest performing underlying stock, with downside exposure below a threshold price equal to 60% of starting price (a 40% threshold amount). The estimated value at pricing is between $890 and $920 per $1,000 face amount, while the original offering price is $1,000. All payments are subject to issuer and guarantor credit risk.
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 expected trade date of March 17, 2026, expected original issue date of March 20, 2026, an expected call observation date of March 17, 2027 with a capped automatic-call payment of $1,340 per $1,000 face amount, and an expected stated maturity date of March 22, 2029. If not called, payoff at maturity depends on the final index stock price versus an initial index stock price set on the trade date: positive or zero index returns pay 125% participation; declines up to 40% pay the absolute decline as a positive return; declines greater than 40% produce negative returns and may result in loss of principal. The estimated value on the trade date is $925–$955 per $1,000 face amount. Payments are unsecured and subject to issuer and guarantor credit risk.
GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to Palantir Technologies Inc. (Class A) stock. The notes have an expected trade date of March 17, 2026, an original issue date of March 20, 2026, an expected call observation date of March 17, 2027 and an expected stated maturity date of March 22, 2029.
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 and pay $1,390 per $1,000 face amount on the call payment date. If not called, the maturity payment depends on the index stock return: an upside participation rate of 125% applies to positive returns; declines up to 40% produce a positive payout equal to the absolute stock decline; declines greater than 40% produce a negative payoff and could result in a loss of principal.
The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor). The calculation agent is Goldman Sachs & Co. LLC and has broad discretion over price determinations and anti‑dilution adjustments.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 10, 2034 that pay interest at 5.00% per annum from the expected original issue date of March 10, 2026. Interest is expected annually on each March 10 beginning March 10, 2027.
The notes are redeemable at the issuer’s option in whole (not in part) on scheduled quarterly redemption dates beginning on or after March 10, 2028, at a redemption price equal to 100% of principal plus accrued interest. Delivery against payment is expected in New York on March 10, 2026.
GS Finance Corp. offers market-linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The securities are sold at $1,000 per security with underwriting discounts up to $25.75 and proceeds to issuer of $974.25 per security. The estimated model value at pricing is between $890 and $920 per $1,000 face amount.
The notes are auto-callable monthly from March 2027 to February 2029 if the lowest performing underlier closes at or above its starting value; monthly contingent coupons of at least $12.334 per $1,000 (approx. 14.80% per annum) pay only when the lowest performing underlier is ≥70% of its starting value. If not called, principal at maturity depends on the lowest performing underlier and can lose more than 40%, possibly all, if that underlier is below 60% of its starting value.
All payments are subject to issuer and guarantor credit risk; secondary market activity and estimated value may differ from the offering price.
GS Finance Corp. offers $1,000 face‑amount structured notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes pay no interest and mature on March 18, 2027 with payoff determined by the index performance from the trade date to the determination date.
Key terms: upside participation 200%, maximum settlement amount $1,120.50 per $1,000 face, a buffer of 10% (buffer level = 90% of initial level). Trade date is March 13, 2026; determination date is March 15, 2027. Investors bear issuer/guarantor credit risk and may lose a substantial portion of principal if the index falls below the buffer.
GS Finance Corp. offers buffered notes linked to the Invesco S&P 500® Equal Weight ETF, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $1,000 each) do not pay interest and mature expected April 15, 2027. The initial underlier level is $200.54 (set March 5, 2026); the determination date is expected April 12, 2027. Investors receive at maturity either (a) up to a capped positive payoff of $1,185 per $1,000 if the ETF is above a cap level (118.50% of initial), (b) the face amount if the ETF declines up to -10%, or (c) a downside payment that reduces principal if the ETF declines more than -10%. The estimated value at pricing is between $925 and $955 per $1,000 face amount and payments are subject to the issuer’s and guarantor’s credit risk.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a contingent income auto-callable note linked to the Class A common stock of Palantir Technologies Inc. The securities are principal‑at‑risk, expected to price on or about March 13, 2026 with an original issue date of March 18, 2026, and a stated maturity date of March 16, 2029.
The notes pay contingent quarterly coupons only when the underlying stock's closing price on each coupon observation date is at or above a downside threshold equal to 50.00% of the initial share price; the contingent coupon formula references at least $44.50 (set on the pricing date). The notes are automatically called if the closing price on any call observation date is at or above the initial share price, in which case holders receive principal plus the contingent coupon then due. If the final share price is below the downside threshold, holders lose on a 1:1 basis versus share decline; payment at maturity could be significantly below principal or zero. The pricing supplement shows an estimated value range of $910 to $970 per security and an underwriting discount of 2.25%.
GS Finance Corp. issues callable structured notes linked to a leveraged S&P 500 futures-based index. The notes (trade date expected March 12, 2026, stated maturity expected March 17, 2032) pay no interest, are subject to issuer and guarantor credit risk, and include an automatic call feature with quarterly call observation dates beginning in March 2027.
If called, each $1,000 face amount pays $1,000 plus a specified call premium; if not called, maturity payments are tied to the underlier return with a cap of $2,764 per $1,000 and a 50% trigger buffer. The underlier applies up to 500% leverage and a daily 6.0% per annum decrement; the estimated value at pricing is between $885 and $925 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered basket-linked notes that do not bear interest and mature on March 24, 2028. Payment is tied to a weighted basket (EURO STOXX 50 65%, TOPIX 25%, S&P/ASX 200 10%) measured from the trade date (expected March 19, 2026) to the determination date (expected March 21, 2028).
The notes feature a 100 initial basket level, a 10% buffer (you receive full principal if final basket level declines up to 10%), an upside participation rate of 125%, a cap level of at least 140% and a maximum settlement amount of at least $1,500 per $1,000 face amount. Estimated value at pricing is between $925 and $955 per $1,000 face amount. Original issue price is 100% with a 1.75% underwriting discount.
GS Finance Corp. is offering Leveraged S&P 500® Futures Excess Return Index‑Linked Notes due March 18, 2031, fully guaranteed by The Goldman Sachs Group, Inc.
Each $1,000 note pays at maturity based on the S&P 500 Futures Excess Return Index performance from the trade date (March 13, 2026) to the determination date. The notes feature an upside participation rate of 185% and a trigger buffer level of 60% (a 40% trigger buffer amount). If the final underlier level is above the initial level, you receive $1,000 plus the upside participation times the underlier return. If the final level is between the trigger buffer level and the initial level, you receive the face amount. If the final level is below the trigger buffer level, you lose an amount equal to the underlier return times $1,000 and could lose your entire investment. The notes do not bear interest and are subject to issuer and guarantor credit risk, market‑value risk, roll/contango effects of futures, and tax uncertainty.