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.
Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering unsecured, no-coupon structured notes linked to three ETFs: State Street® Energy Select Sector SPDR® ETF (XLE), iShares® Expanded Tech-Software Sector ETF (IGV) and SPDR® Gold Trust (GLD). The notes have a face amount of $1,752,000 in aggregate, trade dated August 21, 2026, issued August 26, 2026 and maturing on August 26, 2031, subject to an automatic call.
The notes may be automatically called on November 23, 2026 if each ETF is at least 90% of its initial level, paying $1,175.002 per $1,000 on November 27, 2026. If not called, the maturity payoff is based on the lesser performing ETF: if all are above initial levels, investors receive $1,000 plus 125% of the lesser ETF’s gain; if any is at or below its initial level but all remain at or above 70% of initial, investors receive only the $1,000 principal; if any falls below 70% of initial, principal is reduced at a buffer rate of ~142.86% of the drop below the 70% buffer, up to a total loss of principal.
The notes’ estimated value at pricing is about $949 per $1,000, below the issue price, reflecting structuring fees and dealer economics. Payments depend on the credit of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc., and investors receive no interest, dividends, or ownership in the ETFs or gold.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering index-linked Medium-Term Notes, Series F fully and unconditionally guaranteed by Goldman Sachs. The notes are linked to the Dow Jones Industrial Average and the S&P 500 Index and mature on February 25, 2028.
For each $1,000 note, investors receive at maturity: $1,000 plus the lesser performing underlier return if both indices finish above their initial levels, capped at a maximum settlement amount of $1,144; otherwise, only the $1,000 face amount. The notes pay no periodic interest and returns are subject to GS Finance Corp. and Goldman Sachs credit risk and secondary market price fluctuations.
For U.S. tax purposes the notes are treated as contingent payment debt instruments. Holders must accrue ordinary income over the term based on a comparable yield of 4.6371% per annum and a projected maturity payment of $1,072.27 per $1,000, regardless of actual cash received until maturity.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group, Inc. (GS), through issuer GS Finance Corp., is offering unsecured, basket-linked notes due August 24, 2028, whose payment depends on an equally weighted basket of six NYSE-traded stocks: Boeing, Freeport-McMoRan, Home Depot, Johnson & Johnson, NRG Energy and Uber.
The notes pay no interest. At maturity, for each $1,000, investors receive: (1) if the basket return is positive, $1,000 plus the full upside, but capped at a maximum settlement amount of $1,350; (2) if the basket is flat or down by up to 15%, $1,000 is returned; (3) if the basket is down more than 15%, principal is reduced dollar-for-dollar beyond that buffer, so losses can be substantial. The initial basket level is 100, the cap level is 135% of that, and the buffer level is 85%.
The aggregate face amount on the issue date is $1,033,000, sold at 100% of face with a 2.55% underwriting discount, yielding 97.45% net proceeds to the issuer. The estimated value at pricing is $949 per $1,000 note, reflecting structuring and distribution costs. Repayment is subject to the credit risk of GS Finance Corp. and its guarantor, The Goldman Sachs Group, Inc., and secondary market liquidity is not assured.
Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable index-linked notes maturing on August 28, 2029, linked to the common stocks of Broadcom, Lumentum Holdings and Western Digital. Aggregate face amount on the original issue date is $402,000, in $1,000 denominations, with GS Group as guarantor.
The notes pay a contingent monthly coupon of 2.1667% of face (up to ~26% per annum) only if on each observation date the closing price of every index stock is at least 50% of its initial price. Notes are automatically called from August 2027 through July 2029 if all three stocks are at or above their initial prices, returning face value plus the applicable coupon.
If not called, principal at maturity depends on a trigger event. If at least one stock is at or above its initial price, holders receive 100% of face (plus final coupon if all are at or above 50% of initial). If all three are below initial and any is below 50% of its initial price, repayment is reduced in line with the worst-performing stock and may be as low as 0% of face, with no coupon. Initial prices are $368.45 (Broadcom), $866.71 (Lumentum) and $459.44 (Western Digital). The estimated value is about $962 per $1,000 note, original issue price is 100% of face, underwriting discount is 1.5%, and payments are subject to the unsecured credit of GS Finance Corp. and its guarantor.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering autocallable index-linked notes with an aggregate face amount of $479,000, linked to the common stocks of Dell Technologies Inc. (Class C), Vertiv Holdings Co (Class A), and Micron Technology, Inc.
The notes mature on August 28, 2029 and may be automatically called monthly from August 2027 if each stock’s closing price is at least its initial price ($442.08 for Dell, $261.95 for Vertiv, $966.78 for Micron). Holders then receive $1,000 per note plus a coupon. Monthly coupons accrue at 2% of face (up to 24% per annum) but are paid only if, on the relevant observation date, every stock is at or above 50% of its initial price; otherwise that month’s coupon is zero.
If the notes are not called, principal repayment at maturity depends on stock performance. If a “trigger event” occurs (each stock below its initial price on the final date) and the worst stock is below 50% of its initial price, repayment is reduced one-for-one with the worst stock’s loss, and investors can lose up to their entire principal and receive no coupon. Payments are subject to the unsecured credit of GS Finance Corp. and the guarantee of Goldman Sachs Group Inc. The original issue price is 100% of face, with a 1.5% underwriting discount and an estimated value of about $962 per $1,000 note.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp, is offering Bearish Leveraged S&P 500® Index-Linked Notes due October 28, 2027, with an aggregate face amount of $520,000. The notes are issued at 100% of face, with a 2.35% underwriting discount and 97.65% of face to the issuer.
The notes pay no interest and are linked to the S&P 500® Index from the August 21, 2026 trade date to the October 25, 2027 determination date. Investors gain leveraged downside exposure: if the final index level is below the initial level of 7,674.37, the payoff is $1,000 plus 250% of the positive index return, capped at a maximum settlement amount of $1,825 per $1,000. Declines beyond 33% do not increase the payoff. If the index is above the initial level, the payoff decreases one-for-one with the index return, with a minimum settlement amount of $0, and investors can lose their entire investment if the index is at or above 200% of the initial level.
The notes are unsecured obligations of GS Finance Corp, fully guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The estimated value is approximately $967 per $1,000 at pricing, below the issue price, reflecting dealer compensation and structuring costs. Liquidity is not assured, market value may be volatile, and the U.S. tax treatment is uncertain, with the issuer intending to treat the notes as pre-paid derivative contracts.
Goldman Sachs Group Inc. (GS), through subsidiary GS Finance Corp., is offering Medium-Term Notes, Series F, equity ETF-linked securities tied to a 50/50 basket of the iShares Biotechnology ETF and the State Street Health Care Select Sector SPDR ETF, maturing on August 24, 2029.
Each $1,000 security pays no interest and offers 150% upside participation in the basket to a maximum return of 34.70%, capping repayment at $1,347. A 10% buffer protects principal for basket declines up to 10%; beyond that, investors have 1‑to‑1 downside exposure and may lose up to 90% of principal.
The total offering is $2,552,000 at $1,000 per security, with an underwriting discount of 2.825%. Estimated value at pricing is about $958 per $1,000, below the offering price. Payments are subject to the credit risk of GS Finance Corp. as issuer and Goldman Sachs as guarantor, and the notes are designed to be held to maturity with no exchange listing.
GOLDMAN SACHS GROUP INC (GS), through subsidiary GS Finance Corp., is offering medium-term, auto-callable contingent interest notes linked to the Russell 2000 Index, S&P 500 Index and the State Street SPDR S&P Regional Banking ETF, with a fully unconditional guarantee from Goldman Sachs.
The notes have an aggregate face amount of $6,567,000, priced at 100% of face with a 0.6% underwriting discount. Investors may receive a contingent monthly coupon of $10.125 per $1,000 (1.0125% monthly, up to 12.15% per annum) only if on each observation date all three underliers are at or above their coupon trigger levels, set at 70% of their initial levels. The same 70% level functions as a trigger buffer at maturity.
The notes can be automatically called starting February 22, 2027 if, on any call observation date, all underliers are at or above their initial levels; in that case holders receive $1,000 per note plus the due coupon. If the notes are not called and any underlier finishes below its trigger buffer level on the August 21, 2031 determination date, principal is reduced one-for-one with the lesser performing underlier, down to a possible total loss of invested principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering Medium-Term Notes, Series F with an aggregate face amount of $11,024,000, linked to the Russell 2000 Index and the S&P 500 Index and fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $24.375 per $1,000 (2.4375% per quarter, up to 9.75% per year) only if on each observation date both indices are at or above 70% of their initial levels; otherwise the coupon for that quarter is zero.
The notes may be automatically called on designated call dates if both indices are at or above their initial levels, in which case investors receive $1,000 per note plus any due coupon. If not called, at maturity on August 26, 2031, investors receive $1,000 per note if the worst-performing index is at or above 70% of its initial level; below that threshold, repayment is reduced one-for-one with the decline in the lesser-performing index, down to a total loss of principal. Initial index levels are 3,017.871 for the Russell 2000 and 7,674.37 for the S&P 500. The notes are unsecured, unsubordinated obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on any exchange, carry a structuring fee of up to 0.45% of face amount, and involve uncertain U.S. tax treatment characterized as an income-bearing pre-paid derivative contract.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC, through GS Finance Corp., is offering S&P 500® Index-linked Medium-Term Notes, Series F with an aggregate face amount of $1,415,000. Payment at maturity depends on the S&P 500® performance from the trade date to the determination date.
For each $1,000 note, if the final index level is above the initial level of 7,674.37, the payoff is $1,000 plus 200% of the index return, capped at a maximum settlement amount of $1,142.50. If the index is flat or down, the payoff equals $1,000 plus the index return, so losses match index declines one-for-one and investors can lose their entire investment.
The notes pay no interest, provide no dividends or shareholder rights in the S&P 500® stocks, and will not be listed on an exchange. The original issue price is 100% of face, with a 1.9333% underwriting discount and 98.0667% net proceeds to the issuer. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential illiquidity, model-based pricing where estimated value is below issue price, and uncertain U.S. tax treatment, including possible FATCA and section 871(m) implications.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group Inc. (GS), through GS Finance Corp. as issuer and Goldman Sachs Group as guarantor, is offering unsecured structured notes linked to the common stocks of Advanced Micro Devices, Hewlett Packard Enterprise and Marvell Technology. The notes have a face amount of $459,000 in aggregate at issuance and pay conditional monthly coupons of 2% (up to 24% per annum) only if on each coupon observation date the closing price of each stock is at least 50% of its initial price.
The notes mature on August 28, 2029, with observation dates monthly from September 2026 and automatic call dates from August 2027 through July 2029. The notes are automatically redeemed at par plus the due coupon if on any call observation date each stock is at or above its initial price. If held to maturity and no trigger event occurs (each final price at or above its initial level), investors receive 100% of face amount plus the final coupon if each stock is at least 50% of its initial price.
A trigger event occurs if on the determination date (August 21, 2029) all three stocks are below their initial prices. If a trigger event occurs and any stock finishes below 50% of its initial price, the repayment is reduced in proportion to the worst-performing stock, potentially down to zero, and no coupon is paid when the worst stock is below the 50% level. The original issue price is 100% of face amount, with a 1.5% underwriting discount and 98.5% net proceeds to GS Finance Corp. The estimated value is approximately $967 per $1,000 face amount, reflecting structuring and distribution costs. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are not listed or insured.
The Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is offering $357,000 face amount of unsecured, index-linked notes tied to the common stock of three companies, with GS guaranteeing payment. The notes pay contingent monthly coupons of 2.0209% of face value (up to about 24.25% per year) only when all three reference stocks close at or above 50% of their initial prices on each observation date.
The notes mature on August 28, 2029, but are subject to automatic call from August 2027 to July 2029 if all stocks are at or above their initial prices, in which case investors receive face amount plus the due coupon and no further payments. If not called, principal repayment depends on stock performance on the final observation date: investors receive full principal if at least one stock is at or above its initial price; otherwise, losses are driven by the worst-performing stock, and if any stock is below 50% of its initial price, investors lose the same percentage of principal as that worst decline and receive no coupon. The notes are not bank deposits, carry the credit risk of GS Finance Corp. and GS, and had an estimated initial value of about $951 per $1,000 face amount, below the issue price.
Goldman Sachs Group, Inc. (GS), through GS Finance Corp, is offering Medium‑Term Notes, Series F with an aggregate face amount of $320,000, linked to the common stock of an underlier with ticker QCOM UW. Each note has a $1,000 face amount, no interest, and matures on November 26, 2027.
At maturity, investors receive: (i) $1,000 plus the underlier return if the stock finishes above its $160.75 initial level, capped at a maximum settlement amount of $1,379 per $1,000; (ii) $1,000 if the final level is at or above the 75% buffer level; or (iii) a loss of principal if the final level is below the buffer, down to 25% of face if the stock goes to zero. The notes are unsecured obligations subject to the credit risk of GS Finance Corp and the guarantor, may have limited or no secondary market, and the estimated value at pricing is lower than the 100% issue price due to fees, expenses, and dealer margin. Tax treatment is uncertain and relies on characterization as a pre‑paid derivative contract.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Medium-Term Notes, Series F, fully and unconditionally guaranteed by Goldman Sachs, with an aggregate face amount of $10,740,000. The notes are linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.
Investors receive a contingent monthly coupon of $10.334 per $1,000 (1.0334% monthly, up to about 12.40% per year) only if on each observation date all three indices are at or above 70% of their initial levels. The notes are automatically called if, on a call observation date, all indices are at or above their initial levels; in that case investors receive $1,000 per $1,000 face amount plus the applicable coupon, ending the investment early.
If the notes are not called, repayment at maturity depends solely on the lesser performing index. If that index’s final level is at least 70% of its initial level, investors receive $1,000 per $1,000 face amount (plus any final coupon if conditions are met). If it is below 70%, principal is reduced one-for-one with the index loss, and investors can lose up to 100% of principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., are not listed, may have limited liquidity, and involve uncertain U.S. tax treatment.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering medium-term, equity index-linked notes that are auto-callable and do not pay interest or guarantee principal. The notes are linked to a weighted basket of five equity indices (EURO STOXX 50 40%, Nikkei 225 25%, FTSE 100 17.5%, Swiss Market Index 10%, S&P/ASX 200 7.5%) and are due August 24, 2029.
The notes may be automatically called on August 26, 2027 if the basket is at or above its starting level, paying $1,000 plus an 11.15% call premium ($1,111.50 maximum per note). If not called, at maturity investors receive 125% of any basket gain; full principal is repaid if the basket is down by up to 25%. If the basket falls more than 25%, investors have 1:1 downside exposure and can lose up to 100% of principal. The original price is $1,000 per note, with an estimated initial value of about $948 and underwriting discounts of 2.575%; all payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are intended to be held to maturity with no exchange listing.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering Autocallable Contingent Coupon ETF-Linked Notes due 2027 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to three ETFs: VanEck Gold Miners ETF (GDX), State Street SPDR S&P Biotech ETF (XBI) and State Street Technology Select Sector SPDR ETF (XLK).
Investors may receive a contingent monthly coupon of $21.459 per $1,000 (2.1459% monthly, up to about 25.75% per year) only if, on each coupon observation date, every underlier is at or above 70% of its initial level. The notes are automatically called quarterly if all underliers are at or above their initial levels, in which case holders receive $1,000 per note plus the relevant coupon. If not called, payment at maturity depends on the worst-performing underlier and whether a trigger event has occurred, defined as any underlier falling by more than the 40% trigger buffer at any time during the measurement period.
If a trigger event occurs and any final underlier level is below its initial level, the repayment of principal is reduced one-for-one with the lesser performing underlier return, potentially to zero, so investors can lose their entire investment. The issuer states the estimated value on the trade date is less than the 100% issue price due to underwriting discounts, expenses and structuring costs, and highlights credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., market-value volatility, complex tax treatment (including possible application of constructive ownership rules and FATCA), and that the notes will not be listed and may have limited or no secondary market liquidity.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering auto-callable, buffered notes linked to the VanEck Gold Miners ETF (GDX) with an aggregate face amount of $1,700,000. The notes are issued at 100% of face with a 3.75% underwriting discount and are fully and unconditionally guaranteed by Goldman Sachs.
Investors receive a contingent monthly coupon of $9.209 per $1,000 (0.9209% monthly, up to ~11.05% per year) only if GDX is at or above 75% of the initial level of $102.83 on the relevant observation date; otherwise the coupon is zero. Starting August 23, 2027, the notes are automatically called if GDX is at or above the initial level on a call observation date, returning $1,000 per note plus the due coupon.
At maturity on August 26, 2031, if the notes have not been called, holders receive $1,000 per note if the final GDX level is at or above the 75% buffer level. Below that, principal is reduced linearly with a 25% buffer, down to a minimum of 25% of face at a 100% decline in GDX. There is no upside participation above par, the notes are subject to the credit risk of GS Finance Corp. and Goldman Sachs, the estimated value is less than the issue price, secondary liquidity is uncertain, and the U.S. tax treatment is complex and uncertain.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and Goldman Sachs as guarantor, is offering $250,000 of Buffered S&P 500 Index-Linked Notes due August 24, 2028. The notes pay no interest and repay at maturity an amount tied to S&P 500 performance from August 21, 2026 to August 21, 2028.
For each $1,000, holders receive: if the index rises, $1,000 plus 90% of the index gain, capped at a maximum settlement amount of $1,252.5 (a 25.25% maximum return). If the index falls by up to 20%, principal is repaid in full. Below the 80% buffer level, losses match index declines beyond 20%, so investors can lose a substantial portion of principal.
The estimated value at pricing is about $984 per $1,000, below issue price, reflecting dealer compensation and structuring costs. Payments are subject to the unsecured credit risk of GS Finance Corp and The Goldman Sachs Group, Inc. For U.S. tax purposes, the notes are intended to be treated as a pre-paid derivative contract on the index.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering autocallable index-linked notes due September 2033, linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest and may be automatically called annually if the index closes at or above preset call levels, with call premiums from 10.20% to 61.20% of face value. If never called, holders receive at least the $1,000 face amount at maturity and 100% participation in any positive index return. The issuer’s estimated value is $885–$925 per $1,000, below the issue price. The index applies a 0.65% per annum deduction and can allocate heavily to cash-like positions, which can materially reduce performance. Tax treatment follows contingent payment debt instrument rules, requiring accrual of ordinary income over the life of the notes.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering autocallable buffered notes linked to the VanEck Gold Miners ETF (GDX), with a total face amount of $3,958,000. The notes pay no interest and are guaranteed by Goldman Sachs Group Inc.
The notes may be automatically called on September 3, 2027 if GDX’s closing level is at least the initial level of $102.83, paying $1,211.50 per $1,000 face amount on September 9, 2027. If not called, at maturity on August 24, 2028 investors receive a cash amount based on ETF performance: if the final level is at least the initial level, they receive the greater of the threshold settlement amount of $1,423 or $1,000 plus 100% of the ETF gain. A 25% buffer protects principal if GDX declines by up to 25%; below 75% of the initial level, losses accelerate at about 1.3333% per 1% further decline, and investors can lose their entire principal.
The original issue price is 100% of face, with a 1.5% underwriting discount and 98.5% net proceeds to the issuer. The estimated value at pricing is about $966 per $1,000, below issue price, and an additional amount of $29 per $1,000 used in initial valuations amortizes to zero by November 20, 2026. Payments depend on the credit of GS Finance Corp. and Goldman Sachs Group Inc., and the notes are unsecured, non-deposit obligations.
Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering $4,000,000 of Trigger Autocallable Notes linked to an equally weighted basket of 32 large-cap tech and data-center related stocks. The notes have a $10 denomination, trade date August 21, 2026, and mature on August 26, 2031, unless automatically called quarterly after 12 months.
The basket’s initial level is 100; notes are automatically called if the basket is at or above the 100% autocall barrier on an observation date, paying $10 plus a call return that accrues at 14.35% per annum (up to 71.75%, or $17.175, on the final date). If not called and the final basket level is at or above the 75% downside threshold, investors receive par; below 75%, repayment is reduced one-for-one with the basket’s loss, down to a possible total loss of principal. The estimated value is $9.23 per $10 at pricing, reflecting structuring costs and dealer margin. Payments depend entirely on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc. and the notes pay no coupons or dividends.
Goldman Sachs Group Inc. (GS), through GS Finance Corp. as issuer and Goldman Sachs Group Inc. as guarantor, is offering auto-callable contingent coupon notes linked to Coinbase, NVIDIA and Oracle with an aggregate $1,516,000 face amount. The notes trade-date is August 21, 2026, issue date August 26, 2026, and mature on August 24, 2029, unless automatically called from August 2027 to July 2029.
The notes pay a contingent monthly coupon of $19.792 per $1,000 face amount (1.9792% monthly, up to about 23.75% per year) only if on an observation date each stock’s price is at least 60% of its initial price. Automatic call occurs if on a call observation date all three stocks are at or above their initial prices ($186.49 for Coinbase, $214.72 for NVIDIA, $146.47 for Oracle), returning principal plus the due coupon.
If not called, principal repayment at maturity depends on a trigger event. If on the final observation date at least one stock is at or above its initial price, holders receive full principal, and the final coupon if all three are at or above 60% of initial. If all three are below their initial prices and any is below 60% of its initial price, repayment is reduced in proportion to the worst-performing stock, potentially down to zero, with no coupon. The estimated value at pricing is $955 per $1,000 note, reflecting fees and structuring costs; underwriting discount is 1%, giving net proceeds of 99% of face amount.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering $623,000 of Contingent Income Auto-Callable Securities linked to a common share of Ferrari N.V., maturing August 24, 2029. The notes are unsecured and guaranteed by Goldman Sachs Group Inc. and place investors’ principal at risk.
The securities pay a $25.75 contingent quarterly coupon per $1,000 only if on the relevant observation date Ferrari’s share price is at or above the downside threshold price of $283.751 (65% of the $436.54 initial share price. If on any call observation date the share price is at or above the initial share price, the notes are automatically called for $1,000 plus the coupon then due.
If the notes are not called and the final share price is below the downside threshold, the maturity payment equals $1,000 times the share performance factor (final price/initial price), so investors can lose a significant portion or all of their principal. Investors do not participate in any upside of Ferrari shares. The estimated value is approximately $972 per $1,000 note. The original issue price includes a 2.25% underwriting discount, with Morgan Stanley Wealth Management receiving a $22.50 selling concession per security, including a $5.00 structuring fee.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and with a full and unconditional guarantee from The Goldman Sachs Group, Inc., is offering EURO STOXX 50® Index-linked trigger buffer notes under its Medium-Term Notes, Series F program with an aggregate face amount of $996,000.
For each $1,000 note at maturity, investors receive: if the EURO STOXX 50® final level is above the initial level, $1,000 plus 200% of the index gain, capped at a maximum settlement amount of $1,472; if the final level is at or above 85% of the initial level, $1,000; if it is below 85% of the initial level, principal is reduced one-for-one with the index loss, exposing investors to up to a 100% loss of invested principal.
The notes pay no interest, are unsecured obligations subject to the credit risk of GS Finance Corp and the guarantor, and will not be listed on any exchange. The original issue price is 100% of face, with a 2.25% underwriting discount and 97.75% of face amount in net proceeds to the issuer. Market value may differ from issue price due to issuer credit, interest rates, index performance and limited liquidity.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (GS) describes the Goldman Sachs Momentum Builder® Focus ER Index, which allocates between a diversified “base index” of nine futures-based indices plus a return-based money market position and non-interest-bearing cash, using daily volatility control (5%) and momentum rules. The base index is rebalanced each index business day subject to asset-class and constituent weight limits and a separate realized-volatility constraint.
The index deducts a 0.65% per annum fee (accruing daily) and also deducts the federal funds rate from the base index; any exposure to the return-based money market or cash reduces performance by 0.65% pro rata, and cash allocations have often been large. From January 2021 to August 3, 2026, the index shows annualized performance of 1.90% with annualized realized volatility of 3.56% and a maximum drawdown of -6.26%. As of August 3, 2026, the money market position weight is 63.13%, while focused U.S. equities and other developed equities together hold a smaller share.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable EURO STOXX 50® Index-linked notes due 2028 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by Goldman Sachs. Each note has a $1,000 face amount and is linked to the EURO STOXX 50® Index.
The notes pay no interest and may be automatically called on September 15, 2027 if the index on the September 10, 2027 call observation date is at or above the initial level, in which case investors receive at least $1,139.10 per $1,000. If not called, the August 31, 2028 maturity payout depends on index performance: investors participate in gains at a 125% upside participation rate, receive principal back if the final level is between 85% and 100% of the initial level, and incur leveraged losses below the 85% buffer level, potentially losing their entire investment.
The original issue price is 100% of face amount, with a 1.5% underwriting discount and 98.5% net proceeds to the issuer. Key risks include credit risk of GS Finance Corp. and Goldman Sachs, the possibility of total loss, no interest or dividend rights, capped automatic-call payment, uncertain secondary market value, exposure to European equity markets, and uncertain U.S. tax treatment (including FATCA and section 871(m) considerations).
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering unsecured, S&P 500® Index-linked medium‑term notes due October 5, 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
For each $1,000 note, if the S&P 500® final level on the October 2, 2028 determination date is at or above the trigger buffer level of 85% of the initial level, holders receive the maximum settlement amount of at least $1,190 (a capped 19% gain). If the final level is below 85% of the initial level, the payoff becomes $1,000 plus $1,000 times the underlier return, producing a dollar‑for‑dollar loss with the index and potentially a total loss of principal.
The notes pay no interest, are not insured, and are subject to the credit risk of GS Finance Corp. and the guarantor. They will not be listed on any exchange; GS&Co. may, but is not obligated to, make a market. The original issue price exceeds the model‑based estimated value, reflecting fees and costs, and secondary market prices may be lower.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering callable Nasdaq-100 Index®-linked notes due in 2030, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount, bear no interest, and are designed to provide leveraged exposure to the Nasdaq-100 Index® with principal at risk.
The notes may be redeemed by GS Finance Corp at 100% of face amount plus a call premium (ranging from 14.25% in September 2027 up to 55.8125% in August 2030) on specified monthly call dates. If not redeemed, at maturity investors receive: $1,000 plus 130% of any positive index return; $1,000 if the final index level is between 50% and 100% of the initial level; or a loss one‑for‑one with the index if it falls below 50%, potentially losing the entire investment.
The expected trade date is September 11, 2026, original issue date September 16, 2026, determination date September 11, 2030 and stated maturity date September 16, 2030. The issuer discloses an estimated value of $905–$955 per $1,000 face amount at pricing, below the 100% issue price, and stresses credit risk of both GS Finance Corp and The Goldman Sachs Group, Inc. and limited or no secondary market liquidity.
Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering $2,432,000 of Leveraged Buffered Basket-Linked Notes due August 24, 2028, linked to a weighted equity index basket. The basket weights are S&P 500® 35%, Russell 2000® 20%, EURO STOXX 50® 15%, Nasdaq-100® 15% and MSCI Emerging Markets 15%, with an initial basket level of 100.
The notes pay no interest and repay at maturity based on basket performance from August 21, 2026 to August 21, 2028. Investors receive 2x the positive basket return, capped at a maximum settlement amount of $1,265 per $1,000 once the basket exceeds 113.25% of its initial level. Principal is protected only to a 10% buffer: if the final basket level is between 90% and 100% of the initial level, repayment is $1,000; below 90%, losses match the basket decline beyond the 10% buffer.
The estimated value is about $984 per $1,000 at pricing, reflecting structuring costs, versus a 100% issue price, with a 0.8% underwriting discount and net proceeds of 99.2% of face to GS Finance Corp. Repayment is subject to the unsecured credit risk of GS Finance Corp. as issuer and Goldman Sachs Group Inc. as guarantor.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., describes structured Medium-Term Notes, Series F whose payments are linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes are unsecured and fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
The index allocates among up to nine futures-based underlying indices and a return-based money market position, with daily rebalancing, a 5% volatility control and a 0.65% per annum deduction that applies to the entire index. A substantial portion of exposure has been, and may be, in cash-like positions, which drag performance.
Key risks include note credit risk to GS Finance Corp. and The Goldman Sachs Group, Inc., estimated note value at pricing below original issue price, potentially no interest or coupons, limited or no secondary market, complex volatility and momentum controls that may limit upside, significant allocation to low-yielding assets, and treatment as contingent payment debt instruments for U.S. tax purposes.