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., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes linked to the S&P 500 Index, the Russell 2000 Index and the Nasdaq‑100 Index under a 424B2 prospectus. The notes mature on the stated maturity date, expected to be October 15, 2029, unless automatically called on monthly observation dates commencing in April 2026 and ending in September 2029.
Holders receive a $10 coupon per $1,000 (1% monthly, up to 12% per annum) on any payment date if, on the related observation date, the closing level of each index is at least 75% of its initial level (SPX 6,552.51; RTY 2,394.595; NDX 24,221.75, each set on October 10, 2025). The notes are automatically called if, on a call observation date, each index is at or above its initial level; payment equals face amount plus the applicable coupon.
If not called, at maturity investors receive: face amount plus coupon if each index is at least 75% of its initial level; face amount (no coupon) if each is at least 65% but any is below 75%; or a loss equal to the lesser performing index return if any index is below 65% of its initial level. The estimated value is expected to be $906–$946 per $1,000 face amount; payments are subject to the credit risk of the issuer and guarantor.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) priced auto-callable, no-coupon notes linked to the S&P 500 Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The aggregate face amount is $3,526,000 at 100% issue price, with a 4.3% underwriting discount and 95.7% net proceeds.
The notes may be automatically called on observation dates starting in July 2026 if the index closes at or above 95% of the 437.43 initial level, paying $1,000 plus the applicable call premium. If not called, at maturity on October 18, 2030, payment depends on index performance: at or above 95% of initial level pays the maximum $1,900 per $1,000; declines of up to 40% return face amount; declines beyond 40% reduce principal and can lead to a total loss.
The underlier employs up to 500% leverage, caps daily leverage changes at 100%, and applies a 6% per annum daily decrement, which drags performance. The estimated value is approximately $916 per $1,000 at pricing; early secondary prices include an additional amount that amortizes to zero by January 9, 2026.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary 424(b)(2) pricing supplement for Trigger Autocallable GEARS linked to an equally weighted basket of 16 stocks. The notes may be automatically called on the call observation date if the basket closes at or above the autocall barrier of 100% of the initial basket level, paying the face amount plus a call return of 11.00% per $10.
If not called, at maturity the notes provide upside gearing of between 1.30 and 1.50 on positive basket returns, return face amount if the basket is between 75.00% and 100.00% of the initial level, and expose investors to full downside below the 75.00% downside threshold.
Key dates (expected): trade Oct 29, 2025; issue Oct 31, 2025; call observation Nov 5, 2026; call payment Nov 9, 2026; determination Oct 29, 2030; maturity Oct 31, 2030. Denominations are $10 (minimum purchase $1,000). Estimated value is $9.05–$9.35 per $10. Underwriting discount is 2.50% of face; net proceeds 97.50% of face. Payments depend on the credit of GS Finance Corp. and Goldman Sachs.
GS Finance Corp. is offering auto-callable Market Linked Securities, guaranteed by The Goldman Sachs Group, Inc., linked to the lowest performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector Index. The notes target a contingent quarterly coupon of at least $22.875 per $1,000 (9.15% per annum) if the lowest index on the calculation day is at or above its 70% coupon threshold.
The notes may be automatically called on quarterly dates from April 2026 through July 2028 if the lowest index is at or above its starting level, paying face value plus the final coupon. If not called, at maturity on November 2, 2028 investors receive $1,000 per note only if the lowest index is at or above its 70% downside threshold; otherwise, repayment falls in line with the index decline, risking loss of more than 30% and possibly all principal. No dividends or upside participation.
Original offering price is $1,000 per note; underwriting discount up to $23.25 and proceeds to issuer $976.75 per note. The estimated value at pricing is expected between $925 and $955 per $1,000. Payments are subject to the credit risk of GS Finance Corp. and the guarantor. No exchange listing.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to Tesla, Meta Platforms (Class A) and Amazon. The notes pay a monthly coupon of $15.834 per $1,000 (1.5834% monthly, potential up to approximately 19% per annum) if on each observation date the closing price of each stock is at least 60% of its initial price.
The notes may be automatically called if, on any call observation date from January 2026 through September 2029, the closing price of each stock is at least its initial price; if called, holders receive $1,000 per note plus the applicable coupon. If not called, at maturity (expected October 22, 2029) investors receive $1,000 if a trigger event has not occurred; if a trigger event has occurred and any final stock price is below 60% of its initial price, repayment is reduced by the lesser performing stock’s return, which can result in a substantial loss of principal.
The estimated value at pricing is expected between $905 and $945 per $1,000 face amount. The notes are unsecured obligations and are not FDIC insured.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Autocallable Contingent Coupon Equity-Linked Notes due 2028 linked to Constellation Energy (CEG). The notes pay a contingent quarterly coupon of $35.625 per $1,000 (3.5625% quarterly, up to 14.25% per annum) on any coupon payment date when CEG’s closing level on the related observation date is at least 60% of the initial level.
The notes are automatically called if CEG’s closing level is at least the initial level on any call observation date, returning $1,000 per note plus the coupon then due. If not called, at maturity on October 25, 2028 (determination date: October 20, 2028), holders receive: $1,000 if the final level is at least the 60% trigger buffer; otherwise, $1,000 + ($1,000 × underlier return), which can result in a total loss of principal. Key dates: trade date October 20, 2025, original issue date October 23, 2025. The notes are part of the MTN Series F program and are subject to the credit risk of the issuer and guarantor.