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. priced a structured note linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index with a stated maturity of June 3, 2031. The notes pay a monthly coupon of $7.834 per $1,000 (0.7834% monthly; potential ~9.4% p.a.) only if the index closes on an observation date at or above 85% of the initial level. The notes are automatically called on any call observation date from May 2027 through April 2031 if the index is at or above the initial level of 1,029.89, in which case holders receive principal plus the coupon on the related call payment date. At maturity (if not called), holders receive principal if the final index level is >= 85% of the initial level; if the final index level is below that buffer, the cash payment is reduced per the buffer formula (buffer = 15%), and holders may lose a substantial portion of their investment. The estimated value on the trade date was approximately $938 per $1,000 face amount. The issue price is 100% with an underwriting discount of 3.75% and net proceeds to the issuer of 96.25%. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering leveraged buffered S&P 500® index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is linked to the S&P 500 performance measured from the May 29, 2026 trade date to the May 30, 2028 determination date, with a stated maturity of June 2, 2028 (subject to adjustment).
Key economic terms: $1,000 face amount per note; 150% upside participation capped by a $1,215 maximum settlement amount per $1,000; a protection buffer at 85% of the initial level (i.e., 15% buffer). If the final underlier level falls below the buffer, investors lose proportionally of principal. The initial underlier level will be set on the trade date.
GS Finance Corp. is offering capped, non‑interest bearing notes linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited (each ADS represents five common shares). The notes have a $1,000 face amount per note, an initial index stock price of $412.32, a maximum settlement amount of $1,311 per $1,000 at maturity and a stated maturity date of June 1, 2029. If the final ADS closing price on the determination date is greater than or equal to the initial price, holders receive the capped amount; if it is lower, holders receive the face amount. The trade date is May 26, 2026, original issue date is May 29, 2026, and the determination date is May 29, 2029. The prospectus discloses an estimated value of approximately $981 per $1,000 face amount and an underwriting discount of 0.75%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to credit risk, anti‑dilution and market disruption provisions described in the supplement.
GS Finance Corp. offers two separate leveraged, buffered index-linked note tranches guaranteed by The Goldman Sachs Group, Inc. One tranche links to the S&P 500® Index with an aggregate face amount of $1,387,000, trade date May 26, 2026, original issue date May 29, 2026, determination date November 27, 2028 and a stated maturity of November 30, 2028. The S&P tranche carries a 200% participation rate, a 10% buffer (buffer level = 90% of initial level) and a capped maximum settlement amount of $1,242.50 per $1,000 face.
The second tranche links to the Russell 2000® Index with an aggregate face amount of $184,000, the same trade and original issue dates, a determination date of November 26, 2027 and a stated maturity of December 1, 2027. The Russell tranche carries a 110% participation rate, a 10% buffer and a capped maximum settlement amount of $1,240 per $1,000 face. Both notes pay no interest; redemption at maturity is cash based on index performance, subject to buffers, caps and credit risk of the issuer and guarantor.
GS Finance Corp. offers principal-at-risk, autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay a monthly coupon of $12.50 per $1,000 face amount when the index closes at or above 60% of the initial level on an observation date, can be automatically called beginning November 2026, and mature June 3, 2031 if not called. Payments at maturity (or on a call) depend on the final index level; the index applies up to 500% leverage, a daily 6.0% per annum decrement, and caps on daily leverage changes, all of which can magnify losses. The estimated value at issuance was approximately $925 per $1,000 face, and the original issue price is 100% of face with an underwriting discount of 4.5%.
The issuer is offering S&P 500® Index-linked, non-interest bearing notes maturing on June 5, 2028 with a trade date of May 26, 2026 and a determination date of May 26, 2028. Each $1,000 face amount pays either (a) $1,035 at maturity if a barrier event occurs during the measurement period (a single-day closing below 74% or above 126% of the initial index level) or (b) if no barrier event occurs, $1,000 plus $1,000 times the absolute index return (limited to between 0% and 26%). The initial underlier level is 7,519.12. The estimated value on the trade date is approximately $970 per $1,000 face amount; original issue price is 100% and underwriting discount is 2.25%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk, limited upside depending on barrier outcomes, secondary-market liquidity constraints and special U.S. tax rules.
GS Finance Corp. is offering $1,000 face‑amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due June 17, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% upside participation rate and may be automatically called on annual observation dates beginning June 15, 2027 if the index meets rising call levels. The notes’ cash‑at‑maturity formula pays $1,000 plus upside participation when the final index level exceeds the initial level; if the final index level is equal to or less than the initial index level, holders receive the $1,000 face amount. GS&Co. estimates the notes’ value on the trade date at $850 to $890 per $1,000 face amount, below the original issue price. The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which daily rebalances across eligible assets and applies volatility and momentum controls and a 0.65% p.a. deduction.
GS Finance Corp. is offering auto‑callable equity‑linked notes backed by a guarantee from The Goldman Sachs Group, Inc., maturing June 5, 2029. The offering has an aggregate face amount of $3,818,000 on the original issue date and may be increased at the issuer’s option. Coupons equal $16 per $1,000 (1.6% monthly; potential 19.2% per annum) if each index stock meets a 60% coupon trigger on an observation date. The notes reference the common stocks of JPMorgan Chase (initial $306.74), Micron Technology (initial $895.88) and Palantir (initial $136.60). Notes are automatically called if, on a call observation date, each index stock’s closing price is ≥ its initial price; otherwise maturity payoff depends on whether a trigger event occurs and on the lesser performing index stock. Estimated value at pricing was approximately $927 per $1,000. Underwriting discount is 3.5% with net proceeds to issuer of 96.5%.
GS Finance Corp. offers structured notes maturing June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes (original issue date May 29, 2026) pay a variable monthly coupon tied to the common stocks of AMD, UnitedHealth, Tesla, and NVIDIA. Coupons will be the maximum $9.375 or the minimum $0.209 per $1,000 face amount depending on whether each index stock meets a trigger of 77.5% of its initial price on monthly observation dates. Notes are subject to an automatic call if, on any call observation date, the closing price of each index stock is greater than or equal to its initial price; called notes pay face amount plus the coupon on the applicable call payment date. The prospectus discloses an estimated value of approximately $939 per $1,000 face amount on the trade date and an original issue price at 100% with an underwriting discount of 4%.
The notes are unsecured obligations and depend on the credit of GS Finance Corp. and its guarantor. The calculation agent (GS&Co.) has broad discretion over price determinations, observation-date postponements, and anti-dilution adjustments, which may affect coupons, call determinations and market value.
GS Finance Corp. offers EURO STOXX 50-linked, principal-protected notes due May 29, 2031. For each $1,000 face amount, investors receive either the face amount at maturity or, if the index rises, $1,000 plus 115% of the index return measured from the trade date to the determination date. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., trade at an original issue price of 100% with a 3.875% underwriting discount, and have an issuer aggregate face amount of $839,000. U.S. federal tax treatment treats the notes as contingent payment debt instruments with a stated comparable yield of 4.86% and a projected maturity payment of $1,275.73 per $1,000 investment for tax accrual purposes.
GS Finance Corp. is offering medium-term notes linked to a common share of Ferrari N.V. (trade date May 26, 2026, original issue date May 29, 2026) that mature on June 1, 2029. The notes have a $1,000 face amount per note and an aggregate original face amount of $95,000. If the closing price of one Ferrari share on the determination date (subject to anti-dilution and market-disruption rules) is greater than or equal to the initial index stock price of $329.91, each $1,000 note will pay a capped maximum settlement of $1,269; if the final price is lower, each note will pay $1,000. The estimated value on the trade date was approximately $978 per $1,000 face amount. Original issue price was 100% with an underwriting discount of 0.75% (net proceeds 99.25%). Payments depend on Ferrari share performance and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering structured, zero‑coupon notes linked to an equally weighted basket of nine common stocks with a trade date of May 26, 2026 and a stated maturity of June 1, 2028. The notes are automatically called if the basket closing level on the call observation date (June 8, 2027) is greater than or equal to the initial basket level, in which case each $1,000 face amount pays $1,197.50 on the call payment date. At maturity the cash payment depends on the basket return: positive returns participate at 125%; returns between 0% and -20% return principal; returns below -20% expose holders to losses with a 20% buffer (buffer level = 80% of initial level). The estimated value on the trade date was approximately $945 per $1,000 face amount; original issue price is 100% of face amount with an underwriting discount of 1.5%. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..
GS Finance Corp. is offering structured medium-term notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon that is either a maximum $5.167 or a minimum $0.834 per $1,000 face amount depending on whether, on an observation date, each of four reference stocks meets its 80% trigger.
The offering aggregates $3,414,000 of face amount on the original issue date, has an original issue price of 100%, an underwriting discount of 4.25%, and an estimated model value at pricing of approximately $946 per $1,000 face amount.
GS Finance Corp. is offering leveraged callable notes tied to the S&P 500® Futures Excess Return Index due May 29, 2031. The notes have a $1,000 face amount per note and an aggregate original face amount of $5,845,000. If the final underlier level on the determination date exceeds the initial level of 604.90, holders receive $1,000 plus 1.5× the index return per $1,000 face amount; if the index return is zero or negative, holders receive $1,000. The issuer may redeem the notes on specified monthly call dates beginning June 1, 2027, at 100% plus a stated call premium. The estimated value at issuance is approximately $939 per $1,000, the original issue price is 100% of face amount, and the underwriting discount is 3.75%.
GS Finance Corp. issues structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an equally weighted basket of AppLovin, Netflix, Oracle and Spotify and mature on June 3, 2031, subject to automatic call beginning May 2027. Coupons of $9.75 per $1,000 (0.975% monthly; up to 11.7% annually) are payable only when the monthly basket closing level is at least 80% of the initial basket level. At maturity, if the final basket level is below the 80% buffer, principal is reduced pro rata (you can lose a substantial portion of principal). The estimated value at pricing was approximately $916 per $1,000 face amount; original issue price was 100% with a 4% underwriting discount (net proceeds 96%). Terms include anti-dilution adjustments, market disruption provisions, and that Goldman Sachs & Co. LLC acts as calculation agent.
GS Finance Corp. priced $809,000 face amount of 8‑year, autocallable notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest, have a 100% upside participation rate and annual automatic‑call opportunities with increasing call levels and call premiums through May 26, 2032. If not called, maturity pay depends on index performance on the May 20, 2033 determination date; downside protection limits the cash settlement at maturity to the face amount if the index return is zero or negative. The index applies a 0.65% per annum deduction (accruing daily), volatility and momentum controls and may allocate substantially to hypothetical cash positions, which can materially reduce index returns. The issuer fee structure shows a 4.25% underwriting discount and net proceeds of 95.75% of face amount; GS&Co.’s estimated trade‑date value per $1,000 face amount was $904 with an additional amount that phases out by August 25, 2026.
GS Finance Corp. offers market-linked callable notes guaranteed by The Goldman Sachs Group, Inc. The notes have an original issue price at face amount with a $2,828,000 aggregate face amount and an annual automatic call feature beginning on May 26, 2027. If not called, maturity is tied to the Goldman Sachs Momentum Builder® Focus ER Index with an upside participation rate of 100% and a determination date of May 20, 2033. Payments at maturity depend on the index return: if final index level > initial index level, holders receive principal plus participation; if final index level ≤ initial index level, holders receive the face amount. The pricing supplement discloses an estimated trade-date value of $898 per $1,000 and an additional amount of $58.25 that declines to zero on August 25, 2026. The index methodology includes daily rebalancing, a 5% realized volatility control, a momentum risk control, and a deduction of 0.65% per annum (accruing daily), which may allocate substantial exposure to hypothetical cash positions and reduce index returns.
GS Finance Corp. offers callable, equity-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on May 29, 2029, pay a contingent monthly coupon of $6.459 per $1,000 face ($0.6459% monthly, ~7.75% p.a.) only if each underlier is at or above 50% of its initial level on an observation date, and are redeemable at issuer option on coupon dates beginning June 1, 2027. Coupons and principal at maturity depend on the lesser performing underlier (S&P 500 Index, State Street Technology ETF XLK, and State Street Real Estate ETF XLRE), with a trigger buffer at 50% of initial levels; if the lesser performing underlier finishes below that buffer, holders suffer principal loss proportional to that underlier return. The estimated value at pricing was approximately $976 per $1,000 face; original issue price equals 100% with a 1% underwriting discount. Credit risk rests with GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. priced and issued an autocallable contingent coupon index-linked note program guaranteed by The Goldman Sachs Group, Inc., with an aggregate original face amount of $9,095,000 and an original issue date of May 29, 2026. The notes mature on June 5, 2029 unless automatically called beginning November 2026.
The notes pay a monthly coupon of $6.25 per $1,000 (0.625% monthly, up to 7.5% per annum) only when the closing level of each underlier on a coupon observation date is at least 70% of its initial level. Automatic redemption occurs if each underlier is ≥ 105% of its initial level on a call observation date. At maturity, if not called, the cash settlement depends solely on the performance of the lesser performing underlier; if any underlier is below 70% of its initial level, principal is reduced proportionally to that underlier return. The estimated value on the trade date was approximately $969 per $1,000 face amount.
GS Finance Corp. is offering structured, principal‑at‑risk notes linked to the EURO STOXX 50® Index. The notes pay no interest and settle in cash at maturity based on the underlier's performance from the trade date to the determination date, subject to a 90% buffer level and a capped payout.
If the final underlier level is at or above the buffer level, holders receive the maximum settlement amount of $1,210 per $1,000 face. If the final underlier level is below the buffer level, holders incur losses proportional to the decline: approximately 1.1111% of face lost for each 1% decline below the buffer, which could result in a total loss of principal. The offering's aggregate face amount is $4,290,000, original issue price is 100%, underwriting discount 1.5%, and net proceeds to issuer 98.5%. Terms are guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering $61,434,000 aggregate face amount of senior, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are linked to the Goldman Sachs Momentum Builder Focus ER Index and may be automatically called on annual observation dates if the index closes at or above 101% of the initial index level.
If not called, maturity payoff per $1,000 face depends on index performance: if the final index level exceeds the initial level, holders receive $1,000 plus participation at 100% of the index return; if the final index level is equal to or below the initial level, holders receive only the $1,000 face amount. The notes carry underwriting fees (4.375%) and an estimated trade-date value of $900 per $1,000 face.
GS Finance Corp. and The Goldman Sachs Group, Inc. are offering medium-term, non-interest-bearing structured notes linked to the EURO STOXX 50® Index with an aggregate face amount of $1,325,000. The notes may be automatically called on the call observation date; if called, each $1,000 face amount pays $1,136 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level versus the initial level and a 150% upside participation rate and a 75% trigger buffer. The notes do not pay interest, are subject to issuer and guarantor credit risk, and could result in a total loss of principal if the final underlier level is below the trigger buffer. Key dates include trade date May 26, 2026, original issue date May 29, 2026, call observation date May 26, 2027, call payment date June 3, 2027, determination date May 28, 2029, and stated maturity date June 4, 2029. Purchase economics show an original issue price of 100% of face amount with an underwriting discount of 3.6% (net proceeds 96.4%).
GS Finance Corp. offers $1,958,000 aggregate face amount of Fixed Coupon Buffered S&P 500® Volatility Plus Daily Risk Control Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed quarterly coupon of $15 per $1,000 face amount and return at maturity depends on the S&P 500® Volatility Plus Daily Risk Control Index performance from May 26, 2026 to the determination date (May 21, 2029). If the final index level is ≥85% of the initial level (7,471.15), you receive $1,000 per $1,000 face amount; if below 85%, the cash settlement is reduced by the index return below the 15% buffer. The estimated value on the trade date was approximately $961 per $1,000 face amount; original issue price is 100% with a 3% underwriting discount (net proceeds 97%). The notes are unsecured obligations subject to issuer and guarantor credit risk and have no shareholder or dividend rights in any underlier stocks.
GS Finance Corp. is offering $4,972,000 of callable, buffered, monthly Russell 2000® index-linked range accrual notes due May 26, 2031, guaranteed by The Goldman Sachs Group, Inc. Interest, if any, is paid monthly and is calculated as the fraction of scheduled trading days in each interest period with the Russell 2000 closing at or above 85% of the initial level, multiplied by a 7.85% interest factor and a 30/360 accrued factor. The issuer may redeem the notes at 100% of face plus accrued interest on any monthly interest payment date on or after May 26, 2027. At maturity the principal is protected only if the final index level is at least 85% of the initial level; below that buffer the cash settlement is reduced pro rata and losses can be substantial. The estimated value at pricing was approximately $972 per $1,000 face amount; the original issue price is 100% with a 3.5% underwriting discount. These notes expose holders to index performance, issuer and guarantor credit risk, possible withholding and uncertain U.S. tax treatment.
GS Finance Corp. priced a structured, principal‑at‑risk note linked to an equally weighted basket of BAC, COF, MS, and WFC. The notes mature on June 1, 2028 and are subject to an automatic call on June 8, 2027 if the basket closing level on that call observation date is ≥ the initial basket level (100).
If called, each $1,000 face amount pays $1,177 on the call payment date. If not called, final payment at maturity depends on the basket return: a 125% upside participation for positive returns; full principal protected only down to a 15% buffer (buffer level = 85%); losses beyond the buffer are scaled by a buffer rate of ~117.65%. The issue price was 100% of face, the estimated model value was approximately $969 per $1,000, and underwriting discount was 1.5% (net proceeds 98.5%).
The issuer, GS Finance Corp., is offering medium‑term notes (aggregate face amount $27,493,000) tied to the performance of the S&P 500® Index. Payment at maturity depends on the final index level versus a buffer level (85%). If the final level is ≥ the buffer, holders receive a capped maximum settlement amount of $1,078.50 per $1,000 face amount; if below, losses apply at approximately 1.1765% of face amount per 1% decline below the buffer, and investors could lose their entire investment. The notes pay no interest and are guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering principal-protected-style notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index (SPXFVPRE Index). The notes mature on June 3, 2031 unless automatically called on a call observation date between May 2027 and April 2031. Coupons are paid only for observation dates when the index closing level is at least 85% of the initial underlier level (1,029.89). If not called, the maturity payout per $1,000 face amount is $1,000 if the final underlier level is at least 85% of the initial level; otherwise the payment is reduced by the underlier return below the 15% buffer. The original issue price is $1,000 (100% of face), underwriting discount 3.75%, net proceeds 96.25%. The estimated model value at pricing was approximately $940 per $1,000 face amount.
GS Finance Corp. offers structured, non-interest-bearing notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Nasdaq-100 and Russell 2000 underliers with an aggregate face amount of $2,089,000. The notes can be automatically called on specified semi-annual observation dates and, if not called, the cash settlement at maturity depends on the performance of the lesser performing underlier with an upside participation rate of 150% and a buffer level of 85%.
Payments are cash-settled per $1,000 face amount and may result in significant losses if the lesser performing underlier falls below the buffer level; the notes do not bear interest and reflect an initial underwriting discount of 3%.
GS Finance Corp. offers S&P 500®-linked capped notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an aggregate face amount of $510,000, a maximum settlement amount of $1,482.50 per $1,000 face amount, a trade date of May 26, 2026, an original issue price of 100%, and a stated maturity date of May 30, 2031. The notes pay no interest; at maturity each $1,000 face amount will pay either the face amount or, if the S&P 500 final level exceeds the initial level, $1,000 plus the underlier return subject to the stated cap. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes; the pricing supplement states a comparable yield of $1,000 → 4.86% per annum and a projected payment at maturity of $1,275.90 for tax accruals. The offering includes an underwriting discount of 0.5% of face amount (net proceeds 99.5%). The calculation agent is Goldman Sachs & Co. LLC.
GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Contingent Downside (face amount $1,000 per security) due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. The distribution totals $6,437,000 at an original offering price of $1,000 per security. The securities are linked to the lowest performing of the S&P 500®, the Russell 2000® and the EURO STOXX 50® and may be automatically called on specified call dates for a fixed call premium rising to 45.75% on the final calculation day. If not called, maturity payment depends solely on the lowest performing underlier and the securities expose holders to up to 100.00% principal loss; the estimated value at pricing was approximately $962 per $1,000 face amount.
GS Finance Corp. offers indexed, auto-callable notes tied to GE Vernova, UPS Class B and Broadcom, maturing June 5, 2029. The notes pay monthly coupons only if each index stock meets a 60% trigger on observation dates and will be automatically called if, on any call observation date, each stock closes at or above its initial price.
If not called, maturity payment depends on a trigger event: if every final index stock price is below its initial price, the cash settlement is based on the lesser performing stock and may be significantly less than the face amount; otherwise holders receive the face amount and possibly a final coupon. The estimated value at pricing was approximately $948 per $1,000 face amount and the original issue price was 100% of face with a 3.5% underwriting discount.
GS Finance Corp. is offering notes with an aggregate face amount of $1,079,000 under a pricing supplement dated May 26, 2026.
The notes are linked to the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000. They pay no interest, include an automatic call if each underlier is at or above its initial level on the call observation date and, if called, pay $1,172 per $1,000 on the call payment date. If not called, the maturity cash payment is based solely on the lesser performing underlier, with an upside participation rate of 250% and a trigger buffer level equal to 70% of each initial underlier level. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., issued at 100% of face (underwriting discount 1%) and mature in June 2029.
The issuer GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest‑bearing notes linked to three underliers: the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have an original issue price of 100% and may be automatically called on specified call observation dates beginning May 26, 2027, producing cash payments per $1,000 face amount equal to $1,000 plus a call premium (ranging from 16% to 76% across call dates). If not called, maturity is June 3, 2031 and the maturity payout is determined by the lesser performing underlier with a capped upside (maturity premium amount 80%) and downside exposure below a 70% trigger buffer. The pricing supplement discloses an estimated value of approximately $948 per $1,000 face amount on the trade date and an underwriting discount of 4.125%.
GS Finance Corp. priced callable, cash‑settled notes tied to the S&P 500® Futures Excess Return Index. Each $1,000 face amount pays no interest, may be automatically called on the call observation date for $1,127 if the underlier is at or above the initial level, and otherwise delivers a cash settlement at maturity based on the underlier performance with a 125% upside participation and a 15% downside buffer (buffer level: 85% of the initial underlier level). The notes were issued at 100% of face, carry a 3.75% underwriting discount (net proceeds 96.25%), trade date May 26, 2026, original issue date May 29, 2026, and stated maturity June 3, 2031. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer’s and guarantor’s credit risk, market disruptions, negative roll yields of futures, tax uncertainty, and potential illiquidity.
GS Finance Corp. is offering principal-protected notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. Each note pays at maturity either the face amount or, if the index rises, $1,000 + $1,000 × 345% × index return. The notes reference an initial index level of 113.93 and a determination date of November 27, 2028 with a stated maturity date of November 30, 2028. The offering shows an aggregate face amount of $688,000, an original issue price of 100%, an underwriting discount of 2.75% and net proceeds of 97.25% of face amount. The index is a daily‑rebalanced, momentum‑based index with a volatility control (5%) and a deduction of 0.65% per annum (accruing daily); it may allocate substantially to hypothetical cash positions that earn zero on an excess return basis before the 0.65% deduction. Payments depend on both index performance and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500® Index with an aggregate face amount of $2,991,000. The notes pay at maturity on March 1, 2030 an amount per $1,000 face equal to either the face amount (if the final index level is equal to or below the initial level) or $1,000 plus the index return, capped at a maximum settlement amount of $1,285 per $1,000. The trade date was May 26, 2026 and original issue date is May 29, 2026. The notes do not bear interest; their value reflects the underlier’s performance, the issuer/guarantor credit risk and a 2.5% underwriting discount (net proceeds 97.5% of face amount). Market making is possible but not guaranteed and the notes will not be listed on an exchange.
GS Finance Corp. is offering $2,228,000 aggregate face amount of medium‑term notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, mature on June 1, 2029 and may be automatically called on the call payment date if the closing level of the S&P 500® Index on the call observation date is greater than or equal to the initial underlier level.
If called, each $1,000 face amount would pay $1,085.00 on the call payment date. If not called, the maturity cash settlement depends on the S&P 500 performance: an upside participation rate of 154.5% applies to positive returns, a trigger buffer at 75% of the initial level protects against limited declines, and investors can lose up to their entire investment if the final underlier level is below the trigger buffer. The notes are cash‑settled, sold at 100% of face with a 2.5% underwriting discount, and carry issuer and guarantor credit risk.
GS Finance Corp. offers $2,678,000 of senior notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have a $1,000 face amount per note, an upside participation rate of 100%, and an automatic annual call feature with escalating call levels and call premiums through 2032.
The notes pay no periodic interest; at maturity the cash settlement equals $1,000 if the final index level is at or below the initial index level, or $1,000 plus participation in positive index return if above. The pricing supplement discloses an estimated trade-date value of $900 per $1,000 face (original issue price equals face) and an additional amount of $60 that amortizes to zero by August 25, 2026. The notes are subject to issuer and guarantor credit risk, index deductions and a 0.65% per annum index-level deduction.
GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index-linked notes due May 29, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays 200% of any positive index return; if the final index level is between 70% and 100% of the initial level you receive $1,000, and if below 70% you suffer a prorated loss with a 30% buffer. The notes are callable on scheduled monthly call payment dates beginning June 1, 2027, with specified call premium amounts. Aggregate original face amount is $4,620,000. Original issue price is 100% and underwriting discount is 3.75%; the estimated value on the trade date was ~$942 per $1,000 face amount. Payments depend on the S&P 500 Futures Excess Return Index level on the determination date and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity-linked notes maturing June 3, 2031. Each note’s coupon (maximum $5.084 or ~6.1% annualized per $1,000 face; minimum $0.834 or ~1% annualized) depends monthly on the closing prices of Palantir, Meta and Tesla versus their initial prices. Notes are automatically called if each stock on any call observation date meets ≥90% of its initial price; coupons pay the maximum only if each stock meets ≥80% on an observation date, otherwise the minimum applies. The original issue price is 100% and the prospectus reports an estimated value of approximately $941 per $1,000 face amount on the trade date.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to four large-cap stocks with monthly coupon contingencies and an automatic call feature. The notes reference Alphabet, Broadcom, Netflix and NVIDIA, have expected trade and original issue dates in June 2026 and a stated maturity expected to be June 12, 2031. Coupons of $13.792 per $1,000 (1.3792% monthly, ~16.55% annually) are paid on a coupon payment date only if each index stock closes at or above 60% of its initial price on the related coupon observation date. The notes are automatically called if on any call observation date each index stock closes at or above 85% of its initial price, in which case holders receive principal plus that coupon. At maturity holders receive amounts tied to the performance of the lesser performing index stock with a trigger buffer at 50%; if the lesser performing stock falls below 50% of its initial price, the cash settlement is reduced proportionally and holders can receive less than 50% of face value. The prospectus discloses an estimated model value on the trade date of $885–$925 per $1,000 face amount and highlights credit risk of the issuer and guarantor and discretionary powers of GS&Co. as calculation agent.
GS Finance Corp. is offering principal-protected, automatically callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering has an aggregate face amount of $51,261,000 and a face amount of $1,000 per note. The notes pay no periodic interest, participate 100% in positive index returns at maturity (subject to the upside participation rate), and are subject to an automatic call feature on annual observation dates with rising call levels and specified call premiums. The estimated value on the trade date was $899 per $1,000, below the original issue price. The notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are exposed to issuer/guarantor credit risk and to index-methodology, volatility-control and cash-allocation mechanics described herein.
GS Finance Corp. offers structured, contingent‑coupon, auto‑callable notes guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $40,892,000 of notes with an original issue price of 100% of face amount and an underwriting concession of 0.2%.
Payments depend on the performance of three underliers — the Russell 2000® Index, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF (XLU) — with a 75% coupon trigger and buffer level. Notes pay a contingent monthly coupon when all underliers meet their coupon trigger levels on observation dates and will be automatically called if all underliers meet or exceed their initial levels on any call observation date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier and may result in the loss of the entire investment.
GS Finance Corp. is offering Leveraged Callable S&P 500® Futures Excess Return Index‑Linked Notes due 2032, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and an aggregate original face amount of $4,427,000. They are non‑interest bearing, trade date May 26, 2026, original issue date May 29, 2026, and have a stated maturity of June 1, 2032.
At maturity you receive either the face amount or, if the final underlier level exceeds the initial level of 604.90, a leveraged payoff equal to 1.25 times the index return applied to the face amount. The issuer may redeem the notes on specified monthly call payment dates beginning June 1, 2027, with call premiums listed per call date. The estimated model value on the trade date was approximately $903 per $1,000 face amount; the original issue price is 100% with an underwriting discount of 4.125%.
GS Finance Corp. is offering S&P 500®-linked, cash-settled buffered notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $7,164,000 of face amount at an original issue price equal to face amount, with no periodic interest and a maximum cash payoff capped at $1,162.50 per $1,000 face amount.
Returns at maturity depend on the S&P 500 closing levels between the trade date and determination date; a 25% buffer converts certain declines into positive returns up to that threshold, while declines beyond the 25% buffer produce leveraged losses (buffer rate ~133.33%). Trade date is May 26, 2026, original issue date May 29, 2026, determination date May 26, 2028, and stated maturity June 1, 2028.
GS Finance Corp. is offering structured, non‑interest bearing notes backed by an equally weighted basket of nine stocks with an aggregate face amount of $9,056,000 on the original issue date. The notes have an initial basket level of 100, a call observation date of June 8, 2027 (automatic call pays $1,195 per $1,000 face) and a stated maturity of June 1, 2028. At maturity the upside participation rate is 125% and there is a buffer equal to 15% (buffer level = 85% of initial). The estimated value on the trade date is approximately $943 per $1,000 face; original issue price is 100%, underwriting discount 1.5% and net proceeds to the issuer 98.5%. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is offering two series of fixed/floating rate notes: $2.5B of 4.972% notes due June 3, 2032 and $2.5B of 5.425% notes due June 3, 2037.
Each series pays fixed interest through a specified fixed-rate period commencing June 3, 2026, then switches to interest at Compounded SOFR plus a stated spread (2032: 1.030%; 2037: 1.310%) during the floating-rate period. The notes are senior debt, issued in global book-entry form through DTC, and are callable under specified make-whole and par-call provisions; underwriters will deliver on June 3, 2026.
GS Finance Corp. is offering medium-term, cash-settled notes linked to the EURO STOXX 50 Index that mature on May 29, 2031. For each $1,000 face amount, holders receive either (1) $1,000 plus the upside participation rate times the underlier return if the final level is above the initial level, (2) $1,000 if the final level is equal to or above the 80% buffer level, or (3) a reduced cash payment calculated linearly below the buffer level such that losses occur proportionally to the underlier decline; notes pay no periodic interest. The notes carry an upside participation rate of 152.7%, a buffer level of 80%, and are issued at 100% of face with an underwriting discount of 3.55%.
GS Finance Corp. offers structured notes linked to Western Digital Corporation (WDC) that pay a contingent quarterly coupon and may be automatically called. For each $1,000 face amount the notes pay a quarterly coupon of $114 if the underlier closing level on the related observation date is at least 60% of the initial level. The notes may be automatically called if the underlier equals or exceeds the initial level on a call observation date; maturity payment depends on the final underlier level and can result in a total loss of principal if that level is below the 60% trigger buffer. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., have an aggregate face amount of $380,000, trade date May 26, 2026, original issue date May 29, 2026 and stated maturity June 1, 2029.
GS Finance Corp. is offering leveraged buffered basket-linked notes due June 6, 2028 (stated maturity) guaranteed by The Goldman Sachs Group, Inc. The notes reference an unequally weighted basket: S&P 500 (50%), MSCI EAFE (30%) and MSCI Emerging Markets (20%), measured from an initial basket level of 100 set on the trade date (expected June 1, 2026) to the determination date (expected June 1, 2028).
For each $1,000 face amount: if the basket return is positive you receive principal plus 150% participation in the basket return up to a $1,282.50 cap (cap level ~118.833%). If the final basket level declines by up to 15%, you receive the face amount; declines beyond 15% expose you to losses at a buffer rate of ~117.65%, potentially resulting in substantial principal loss.