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.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 29, 2036 under its Medium-Term Notes, Series N program. The notes bear interest at 5.15% per annum, pay interest each May 29 beginning May 29, 2027, and will be issued in $1,000 denominations in book-entry form. The trade date is May 27, 2026 with an original issue date of May 29, 2026. The notes will not be listed on an exchange, will be represented by a master global note held by DTC, and will be subject to FATCA withholding rules and customary offering restrictions by jurisdiction.
The Goldman Sachs Group, Inc. is offering fixed rate notes due May 27, 2033 with an interest rate of 5.00% per annum. The notes are denominated in U.S. dollars in minimum increments of $1,000, will be issued in book-entry form under a master global note, and carry CUSIP 38151V3R7.
Interest accrues from the original issue date (May 29, 2026) and will be paid semiannually on May 29 and November 29, commencing November 29, 2026. The offering will be sold to Goldman Sachs & Co. LLC as underwriter; original issue price and underwriting discounts are described in the supplement and may vary for certain fee-based advisory accounts.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes due 2031. The notes are U.S. dollar denominated, bear interest at 4.70% per annum, have a May 29, 2026 original issue date and a stated maturity of May 29, 2031. Interest is payable semiannually on May 29 and November 29, commencing November 29, 2026. Notes will be issued in book-entry form in denominations of $1,000 and integral multiples. The offering will be purchased by Goldman Sachs & Co. LLC and sold to investors at an original issue price that may vary for certain fee-based advisory accounts. The notes will not be listed on any exchange and will be issued under the company’s Medium-Term Notes program and its senior debt indenture.
The Goldman Sachs Group, Inc. is offering fixed rate notes due 2032 under its Medium-Term Notes, Series N program. The notes pay interest at 4.70% per annum, with interest dates on May 29 and November 29 each year, commence on November 29, 2026, and mature on May 28, 2032. The trade date is May 27, 2026
The notes will be issued in book-entry form in denominations of $1,000 and multiples thereof, will not be exchange‑listed, and are registered under a senior indenture with The Bank of New York Mellon as trustee. Pricing and original issue price will be set on the trade date and may vary for certain fee‑based advisory accounts as described in the supplement.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 28, 2038 under its Medium-Term Notes, Series N program. The notes bear an annual interest rate of 5.25%, pay interest annually on May 29 (commencing May 29, 2027), and will be issued in denominations of $1,000.
The trade date is May 27, 2026 with an original issue date of May 29, 2026. The notes will be issued in book-entry form through DTC, will not be listed on an exchange, and include standard defeasance and ERISA provisions. Distribution and sale restrictions for the EEA, UK, Hong Kong, Singapore, Japan and Switzerland are specified.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 27, 2033 with an interest rate of 4.80% per annum. The notes will be issued in denominations of $1,000, have a trade date of May 27, 2026 and an original issue date of May 29, 2026. Terms are subject to completion and will be set on the trade date; the notes will be issued in book-entry form and bear CUSIP 38151V3N6.
Interest is payable semiannually on May 29 and November 29, commencing November 29, 2026. The notes will not be listed on an exchange and are not bank deposits or FDIC-insured. Other distribution and tax provisions (including FATCA withholding) are described in the supplement.
The Goldman Sachs Group, Inc. is offering fixed rate notes due May 29, 2029. The notes carry a stated interest rate of $4.40% per annum (interest payable each May 29 and November 29, commencing November 29, 2026). The trade date is May 27, 2026 and the original issue date is May 29, 2026. Notes will be issued in denominations of $1,000, in book-entry form as a master global note registered to DTC. Interest accrual uses the 30/360 (ISDA) day count convention. The notes will not be listed on any securities exchange; pricing and original issue price are to be set on the trade date and may vary for certain fee-based advisory accounts as described in the supplemental plan of distribution.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 15, 2028 that pay interest at 4.375% per annum from the original issue date May 15, 2026 to but excluding maturity. Interest dates are May 15 and November 15, with the first payment on November 15, 2026. The notes are callable in whole, not in part, on each scheduled redemption date on or after November 15, 2026 at 100% of principal plus accrued interest, subject to at least five business days’ notice.
The initial offering principal amount is $8,010,000 at an initial price of 100% with an underwriting discount of 0.411% and estimated net proceeds to The Goldman Sachs Group, Inc. of $7,977,078.90. The notes will be issued in book-entry form through DTC and have no established trading market.
The Goldman Sachs Group, Inc. is offering $10,000,000 of Callable Fixed Rate Notes due May 14, 2030 with a fixed interest rate of 5.00% per annum, accruing from the original issue date May 14, 2026. Interest is payable annually on May 14, commencing May 14, 2027.
The notes may be redeemed in whole, at the issuer's option, on each redemption date (each Feb 14, May 14, Aug 14 and Nov 14 on or after Nov 14, 2026) at a redemption price of 100% of principal plus accrued interest, with at least five business days' notice. The initial offering price is 100% of principal; underwriting discount is 0.467% ($46,700), yielding proceeds to the issuer of $9,953,300 before expenses. Delivery is scheduled in New York on May 14, 2026.
The Goldman Sachs Group, Inc. is offering $32,523,000 aggregate principal amount of callable fixed rate notes due July 14, 2027 that pay interest at 4.10% per annum from and including the issue date May 14, 2026.
The notes are callable in whole (but not in part) on each redemption date (November 14, 2026, February 14, 2027, May 14, 2027) at a redemption price equal to 100% of principal plus accrued interest. The offering price is 100% of principal; underwriting discount is 0.239%, leaving proceeds to the issuer of $32,445,270.03 before expenses. The notes are issued in book-entry form through DTC, are expected to include original issue discount treatment for U.S. federal income tax purposes, and will generally be subject to FATCA withholding.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 14, 2038 with a 5.475% annual coupon. The notes accrue interest from the original issue date, May 14, 2026, with annual payments on May 14 beginning May 14, 2027. The issuer may redeem the notes in whole (but not in part) on each redemption date on or after May 14, 2028 (each February 14, May 14, August 14 and November 14) at 100% of principal plus accrued interest, subject to at least five business days' prior notice.
The offering size is $4,834,000. The underwriters’ discount is 2.236%, producing gross proceeds to the issuer of $4,725,911.76 before expenses. The notes will be issued in book-entry form through DTC. FATCA withholding and other tax considerations apply. Sales are restricted in multiple jurisdictions and the offering will comply with FINRA Rule 5121 due to an affiliate underwriter conflict.
The Goldman Sachs Group, Inc. is offering $7,000,000 of Callable Fixed Rate Notes due April 29, 2041 with a fixed interest rate of 5.60% per annum from the original issue date May 14, 2026. Interest is payable annually each May 14, beginning May 14, 2027. The notes may be redeemed at the issuer's option, in whole but not in part, on each scheduled redemption date on or after November 14, 2028, with at least five business days' notice at a redemption price equal to 100% of principal plus accrued interest.
The notes are being sold at an initial price to the public of $1,000 per note (100%) for an aggregate of $7,000,000. The underwriting discount is 2.619% ($183,330), yielding proceeds to the issuer of $6,816,670 before expenses. Settlement is expected in New York on May 14, 2026. These are newly issued, unlisted debt securities in DTC book-entry form; market-making is intended but not guaranteed.
The Goldman Sachs Group, Inc. is offering $12,000,000 aggregate principal amount of Callable Fixed Rate Notes due 2033 that pay interest at 5.075% per annum from and including May 14, 2026 to but excluding the stated maturity date of April 29, 2033. Interest is payable annually on May 14, beginning May 14, 2027. The notes are redeemable at our option, in whole but not in part, on each redemption date (Feb 14, May 14, Aug 14 and Nov 14) on or after November 14, 2027, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ notice.
Initial price to public is 100% with an underwriting discount of 1.691%, yielding proceeds of $11,797,080 to the issuer before expenses. The offering settles on May 14, 2026, will be issued in book-entry form through DTC, and is subject to usual distribution, tax (including FATCA withholding) and international distribution restrictions.
The Goldman Sachs Group, Inc. is offering $19,000,000 of Callable Fixed Rate Notes due May 14, 2032 that pay interest at 5% per annum, with interest payable each May 14 beginning May 14, 2027. The notes were issued at 100% of principal on May 14, 2026 and are callable in whole (but not in part) on each February 14, May 14, August 14 and November 14 on or after May 14, 2027 at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days’ notice.
The Goldman Sachs Group, Inc. priced a primary offering of Callable Fixed Rate Notes due April 30, 2046 with an aggregate initial price to public of $4,129,000. The notes bear interest at 5.775% per annum from the original issue date May 14, 2026, payable annually each May 14 beginning May 14, 2027.
The notes are callable by the issuer in whole (not in part) on each redemption date (each February 14, May 14, August 14 and November 14 on or after May 14, 2029) at a redemption price equal to 100% of principal plus accrued interest. Underwriting discount is 2.55%, and proceeds to the issuer before expenses equal $4,023,710.50.
The Goldman Sachs Group, Inc. is offering $8,000,000 of Callable Fixed Rate Notes due May 14, 2034. The notes pay interest at 5.2% per annum from and including the original issue date May 14, 2026, with semiannual interest payments on May 14 and November 14 (first payment November 14, 2026).
The issuer may redeem the notes in whole, but not in part, on each redemption date on or after May 14, 2028 (quarterly redemption dates) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The initial price to the public is 100% of principal; underwriting discount is 1.291%, producing proceeds of $7,896,720 before expenses.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2046 in a $8,059,000 issuance. The notes pay interest at $6.00% per annum from the original issue date May 14, 2026 to but excluding the stated maturity May 14, 2046, with annual payments each May 14 beginning May 14, 2027. The issuer may redeem the notes in whole, not in part, on scheduled redemption dates on or after May 14, 2028 (each Feb 14, May 14, Aug 14 and Nov 14) at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice.
The initial price to the public is 100% (aggregate $8,059,000); underwriting discount is 1.009% (aggregate $81,315.31), yielding proceeds to The Goldman Sachs Group, Inc. of $7,977,684.69 before expenses. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market; Goldman Sachs & Co. LLC and InspereX LLC are the initial underwriters and intend to make a market but are not obligated to maintain liquidity.
The Goldman Sachs Group, Inc. is offering $11,000,000 of Callable Fixed Rate Notes due May 14, 2029. The notes pay interest at 4.55% per annum from the original issue date May 14, 2026, with semiannual payments on May 14 and November 14.
The issuer may redeem the notes in whole (but not in part) on each redemption date on or after May 14, 2027 (each Feb 14, May 14, Aug 14, Nov 14) upon at least five business days' notice at a redemption price equal to 100% of principal plus accrued interest. The initial public offering price equals 100%; underwriting discount is 0.645%, producing proceeds before expenses to the issuer of $10,929,050. Delivery is scheduled in New York on May 14, 2026.
The Goldman Sachs Group, Inc. is offering $6,000,000 principal of Callable Fixed Rate Notes due May 14, 2030 that pay interest at 4.675% per annum from the original issue date May 14, 2026. Interest is payable semiannually on May 14 and November 14, beginning November 14, 2026. The issuer may redeem the notes in whole, but not in part, on each redemption date on or after May 14, 2028 at a price equal to 100% of principal plus accrued interest, with at least five business days' notice.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031 with an initial public offering of $13,965,000. The notes pay 5.00% interest per annum from and including May 14, 2026 to but excluding May 14, 2031, with semiannual payments on May 14 and November 14 (first payment November 14, 2026). The issuer may redeem the notes in whole, not in part, quarterly on each February 14, May 14, August 14 and November 14 on or after May 14, 2027, at a redemption price of 100% of principal plus accrued interest, with at least five business days’ prior notice.
Underwriters purchased the offering at an underwriting discount of 0.713%, producing proceeds to The Goldman Sachs Group, Inc. of $13,865,429.55 before expenses. The notes will be issued in book-entry form at DTC and are a new issue with no established trading market.
The Goldman Sachs Group, Inc. is offering $14,000,000 principal of Callable Fixed Rate Notes due April 29, 2036 that bear interest at 5.35% per annum from and including the original issue date of May 14, 2026. Interest is payable annually on May 14 (first payment May 14, 2027). The issuer may redeem the notes in whole, but not in part, on each scheduled redemption date on or after November 14, 2027 at a price equal to 100% of principal plus accrued interest, subject to at least five business days' notice.
The initial public offering price is 100% of principal; underwriting discount is 1.971% (aggregate $275,940) leaving proceeds to the company of 98.029% (aggregate $13,724,060) before expenses. The notes will be issued in book-entry form through DTC and have no established trading market.
The Goldman Sachs Group, Inc. is offering $12,000,000 of Callable Fixed Rate Notes due April 29, 2031 under Pricing Supplement No. 1,786 dated May 12, 2026. The notes pay interest at 4.825% per annum from the original issue date (May 14, 2026) with annual interest payments each May 14, the first on May 14, 2027.
The notes are callable at the issuer’s option on specified redemption dates beginning May 14, 2027, are issued in book-entry form through DTC, were initially offered at par, and carry an underwriting discount of 1.316% (underwriting proceeds to the issuer of $11,842,080). The offering is restricted in multiple jurisdictions and is intended for eligible investors and professional clients only.
GS Finance Corp. is offering medium-term, iShares MSCI EAFE ETF‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and repay for each $1,000 face amount either $1,000 (if the underlier return is zero or negative) or $1,000 plus the underlier return subject to a $1,309.50 maximum settlement amount. The underlier is the iShares MSCI EAFE ETF (EFA); trade date is May 19, 2026, original issue date is May 22, 2026, determination date is May 21, 2029 and stated maturity date is May 24, 2029. The notes are subordinated to the credit risk of the issuer and guarantor, have limited upside due to the cap, and the market value before maturity may be affected by many factors including the underlier level, volatility and creditworthiness.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., intends to offer non‑interest indexed notes linked to the common stock of Amazon.com, Inc., Microsoft Corporation and Apple Inc. The notes have a $1,000 face amount and an automatic call feature: if on the call observation date each index stock is ≥90% of its initial price, holders receive $1,285.5 per $1,000 on the call payment date. If not called, the maturity payoff (expected maturity June 5, 2029) is based on the lesser performing index stock: upside participation is 200% if all final prices exceed their initials; full principal is returned if all final prices are ≥50% of initial; if any final price is <50% of initial, holders suffer losses pro rata to the lesser performing index stock. Trade date and related dates are set on the trade date (expected May 29, 2026). The estimated value on the trade date is between $925 and $965 per $1,000 face amount. Payments depend on issuer and guarantor creditworthiness and on calculation agent determinations by GS&Co.
GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Broadcom Inc. and pay a contingent monthly coupon of $10.584 per $1,000 (1.0584% monthly, ~12.7% annual) when observation levels meet a 55% trigger. Trade date is June 3, 2026, original issue date June 8, 2026, and stated maturity is July 9, 2027. Payment at maturity depends on the final underlier level versus a 55% trigger buffer; principal can be lost if the final underlier level is below that buffer.
GS Finance Corp. is offering non‑interest bearing, principal‑at‑risk notes linked to a weighted basket of three indices: the S&P 500® Futures Excess Return Index (65%), the MSCI EAFE Index (25%) and the MSCI Emerging Markets Index (10%). The notes have an expected trade date of May 19, 2026, an expected original issue date of May 22, 2026, an expected call observation date of May 26, 2027 and an expected stated maturity date of May 22, 2031.
If the basket closing level on the call observation date is at or above the initial basket level (100), the notes will be auto‑called and pay $1,160 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on the basket return: positive returns pay 100% + 2× participation of the basket return, returns between 0% and -30% return the face amount, and returns below -30% pay $1,000 × (1 + basket return), exposing holders to losses that can exceed 70% of face in severe downside scenarios. The estimated value on the trade date is stated as between $885 and $925 per $1,000 face amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Vanguard Value ETF-linked notes maturing in 2029. Each note has a $1,000 face amount and pays at maturity an amount tied to the Vanguard Value ETF return from the trade date to the determination date, capped at a maximum settlement amount of $1,240.5 per $1,000 face amount (cap level 124.05%). If the ETF return is zero or negative, holders receive the face amount. The expected trade date is May 19, 2026, original issue date May 22, 2026, and stated maturity date May 24, 2029. The estimated value on the trade date is between $925 and $955 per $1,000 face amount. The notes do not bear interest and are unsecured obligations subject to issuer and guarantor credit risk. Terms include market disruption, successor-underlier and calculation agent discretions.
GS Finance Corp. is offering non-interest-bearing structured notes linked to an equally weighted basket of Alphabet Class C, Amazon and Microsoft. The notes have an initial basket level of 100, an upside participation rate of 125%, a trigger buffer at 70%, and an expected stated maturity of May 28, 2031.
The notes are automatically called if the basket closing level on the call observation date (expected May 20, 2027) is ≥ 90% of the initial basket level, producing a fixed payment of $1,146 per $1,000 face amount on the call payment date. If not called, final payment depends on the basket return on the determination date (expected May 20, 2031): upside participation when the basket is flat or positive, full principal protection only down to the 70% buffer, and downside exposure below that level.
GS Finance Corp. offers Autocallable Contingent Coupon Equity‑Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000, pays a contingent monthly coupon of $11.667 when all three underliers meet 70% trigger levels, and is subject to an automatic call if all underliers are at or above their initial levels on a call observation date. The notes reference the common stock of Broadcom Inc., Intel Corporation and Microsoft Corporation. Trade date is May 18, 2026 and the stated maturity date is May 25, 2033. The estimated per‑note value on the trade date is $885 to $925, which is less than the original issue price.
GS Finance Corp. offers Russell 2000® Index-Linked Notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity payment depends on the Russell 2000® Index performance from the trade date to the determination date, subject to a maximum settlement amount of $1,457.50. The trade date is May 19, 2026, original issue date is May 22, 2026, the determination date is May 20, 2030 and the stated maturity date is May 23, 2030, subject to adjustment as described in the supplement.
The notes pay at maturity either (a) the face amount if the final underlier level is equal to or less than the initial level, or (b) $1,000 plus the underlier return capped at the maximum settlement amount if the final level is greater than the initial level. The notes are unsecured senior obligations issued under the GSFC 2008 indenture and are dependent on issuer and guarantor creditworthiness.
GS Finance Corp. offers Nasdaq-100 Technology Sector Index‑linked notes due May 22, 2031. The notes are principal‑at‑risk, pay no interest and settle in cash per $1,000 face amount based on the Nasdaq‑100 Technology Sector Index performance from the trade date to the determination date. If the final underlier level is ≥ the initial level, holders receive $1,000 plus the underlier return, capped at a $2,050 maximum settlement amount. If the final level is between the initial level and the 70% trigger buffer level, holders receive the face amount. If the final level is below the 70% trigger buffer level, losses are proportional to the underlier decline and investors may lose up to their entire investment. Trade date is May 19, 2026; original issue date is May 22, 2026. The notes are senior medium‑term notes guaranteed by The Goldman Sachs Group, Inc. and are subject to issuer and guarantor credit risk, model valuation discounts at issuance, limited liquidity, tax uncertainty, and concentration risk in the technology sector.
GS Finance Corp. offers leveraged buffered basket-linked notes due May 24, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference a weighted basket (S&P 500 50%, MSCI EAFE 30%, MSCI Emerging Markets 20%) measured from the trade date (expected May 19, 2026) to the determination date (expected May 19, 2028). The notes pay no interest; positive returns participate at 150% up to a cap that yields at most $1,260 per $1,000 face amount. A buffer protects declines up to 12% (buffer level = 88%); losses beyond that produce a leveraged downside loss at a buffer rate of ~113.636%. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style callable structured notes linked to the VanEck Gold Miners ETF and the iShares® Silver Trust. Each note has a $1,000 face amount. Notes may be automatically called on predefined observation dates; call premiums are 7.7% (May 25, 2027) and 15.4% (May 25, 2028). If not called, the maturity payout (expected stated maturity May 25, 2029) depends on the lesser performing ETF: if both ETFs finish above their initial levels the holder receives the lesser performing ETF return (100% participation) applied to the face amount; if either ETF is at or below its initial level, the holder receives only the face amount. The notes pay no interest, carry issuer and guarantor credit risk, and have an estimated value at pricing between $925 and $955 per $1,000 face amount.
GS Finance Corp. offers autocallable S&P 500® index-linked notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry an upside participation rate of 150% and an 80% trigger buffer. If the underlier meets or exceeds the initial level on the call observation date, the notes will be automatically called and pay at least $1,083 per $1,000 face amount on the call payment date; otherwise the maturity payment is cash-settled based on final underlier performance. The trade date is May 29, 2026 and the original issue date is June 3, 2026. The notes 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. Each note has a $1,000 face amount and returns at maturity that depend on the S&P 500® performance from the trade date to the determination date, subject to a 10% buffer and a capped upside. The upside participation rate is 125% with a maximum upside settlement amount of at least $1,212 per $1,000 face. Trade date is May 29, 2026, original issue date is June 3, 2026, determination date is May 30, 2028 and stated maturity is June 2, 2028. The notes pay no interest and are subject to the credit risk of GS Finance Corp. and its guarantor. The pricing supplement names Goldman Sachs & Co. LLC as calculation agent and potential market maker.
The Goldman Sachs Group, Inc. is offering Callable Zero Coupon Notes due 2031 as part of its Medium-Term Notes, Series N program. The notes are zero-coupon original-issue-discount debt expected to be issued on May 29, 2026 with a stated maturity expected on May 29, 2031, and an indicated yield to maturity of 5.00% (100.00% at maturity).
The issuer may redeem the notes in whole (but not in part) on specified annual early redemption dates with five business days’ notice. Early redemption amounts per $1,000 principal are shown for May 29, 2027 through May 29, 2030 (for example, $822.71 on May 29, 2027). The notes are unsecured obligations subject to Goldman Sachs’ credit risk, will be issued in book-entry form through DTC, and will not bear periodic interest. Tax treatment: treated as OID for U.S. federal income tax purposes.
The Goldman Sachs Group, Inc. is offering Callable Zero Coupon Notes due 2035. The notes are zero-coupon original-issue-discount debt securities with an expected original issue date of May 29, 2026 and an expected stated maturity of May 29, 2035. The pricing supplement shows an illustrative initial price of 62.027% of principal and an indicated yield to maturity of 5.45%. The issuer may redeem the notes in whole (but not in part) on specified annual early redemption dates beginning May 29, 2028; each early redemption date has a fixed early redemption amount per $1,000 principal (for example, $689.72 on May 29, 2028 and $948.32 on May 29, 2034). The notes do not bear periodic interest, are unsecured, will be issued in book-entry form through DTC, and are subject to the issuer’s credit risk and to FATCA withholding rules.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2046 that pay interest at 6.05% per annum from and including the original issue date (expected May 29, 2026) to but excluding the stated maturity date (expected May 29, 2046). Interest is payable annually on each interest payment date (expected May 29), with the first payment expected on May 29, 2027. The notes are redeemable at the issuer’s option in whole (not in part) on specified redemption dates on or after May 29, 2028, subject to at least five business days’ prior notice, at a redemption price of 100% of principal plus accrued interest. Interest accrual follows the 30/360 (ISDA) convention; February redemptions may use a 269/360 or 270/360 factor. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market. Delivery is expected in New York on May 29, 2026.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2029. The notes bear interest at 4.65% per annum from and including the original issue date (expected May 29, 2026) to but excluding the stated maturity date (expected May 29, 2029). Interest is payable expected each May 29 and November 29 with the first payment expected on November 29, 2026. The issuer may redeem the notes in whole, not in part, on specified redemption dates beginning on or after May 29, 2027 at a price equal to 100% of principal plus accrued interest, using the 30/360 (ISDA) day count convention.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031. The notes pay interest at 5.05% per annum from the original issue date (expected May 29, 2026) to the stated maturity (expected May 29, 2031), with annual interest payments expected each May 29 beginning May 29, 2027. The issuer may redeem the notes in whole, not in part, on specified redemption dates beginning on or after May 29, 2028, at a price equal to 100% of principal plus accrued interest. Interest uses the 30/360 (ISDA) day count convention; February redemptions use a 269/360 factor. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market. Pricing, underwriting discounts, initial price to public, and total proceeds are stated to vary and are set on the cover; some investor categories may pay a reduced initial price. FATCA withholding rules apply.
The pricing supplement describes GS Finance Corp.'s leveraged callable index-linked notes due (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500® and Nasdaq-100®. Trade date is expected May 15, 2026 with a stated maturity expected May 20, 2031. For each $1,000 face amount, the notes pay at maturity based on the lesser performing index return: 200% upside participation if both indices finish above initial levels; return of $1,000 if both finish at or above 50% of initial levels but one is ≤ initial; or a negative payoff equal to $1,000 times the lesser performing index return if the lesser index finishes below 50%, which could result in a total loss. The issuer may redeem notes on monthly call payment dates beginning in May 2027 at specified capped call premiums. The estimated value on the trade date is expected between $885 and $925 per $1,000 face amount. The notes do not bear interest and are subject to issuer and guarantor credit risk and tax and market‑disruption provisions described herein.
GS Finance Corp. offers non‑interest structured notes guaranteed by The Goldman Sachs Group, Inc., linked to an equally weighted basket of seven semiconductor‑sector stocks. The notes have an initial basket level of 100, a threshold level of 85% and a capped maximum settlement of $1,215.3 per $1,000 face amount. The trade date is expected to be May 15, 2026, original issue date expected May 20, 2026, determination date expected May 28, 2027 and stated maturity expected June 3, 2027. If the final basket level is 85% or higher you receive the maximum settlement; if it is below that level losses magnify via a buffer rate of approximately 117.65%, meaning investors may lose up to their entire investment. The estimated value on the trade date is between $900 and $930 per $1,000 face amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices (EURO STOXX 50 40.00%; Nikkei 225 25.00%; FTSE 100 17.50%; SMI 10.00%; S&P/ASX 200 7.50%). The notes have an upside gearing of 1.80, a downside threshold of 90.00% (a 10.00% buffer) and an expected call return between 12.00% and 15.50%. Trade date is May 14, 2026, original issue date May 19, 2026, expected call observation May 21, 2027 (payment May 26, 2027) and stated maturity May 17, 2029. If automatically called, holders receive face amount plus the call return; if not called, payoff at maturity depends on final basket level: full face if final basket ≥90% of initial, enhanced payoff if final > initial (multiplied by gearing), and pro rata losses beyond the 10% buffer if final <90%. Payments are unsecured and subject to issuer and guarantor credit risk. The estimated value on the trade date is stated between $9.60 and $9.90 per $10 face amount.
GS Finance Corp. is offering non‑interest medium‑term notes linked to an unequally weighted basket of 10 stocks. The notes use an initial basket level of 100, an upside participation rate of 150%, a buffer level of 90% (buffer rate ~111.11%) and a cap level expected between 127.27% and 131.99%. The maximum settlement amount is expected to be between $1,409.05 and $1,479.85 per $1,000 face amount. If the final basket level is between 90% and 100% of the initial level, investors receive the face amount; below 90% they absorb losses according to the buffer formula; above the cap the cash payoff is capped. The estimated value on the trade date is $945–$975 per $1,000 face amount. Payments at maturity are subject to the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor).
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.00% per annum, with an original issue date expected to be May 26, 2026 and a stated maturity expected to be November 26, 2030. Interest is payable semiannually on May 26 and November 26, with the first payment expected on November 26, 2026. The issuer may redeem the notes in whole, not in part, on specified quarterly redemption dates beginning on or after May 26, 2027, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are governed by the issuer’s Senior Debt Indenture.
GS Finance Corp. offers autocallable S&P 500® Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date for a fixed 110% call payment per $1,000 face amount, and provide upside participation of at least 200% if held to maturity. If not called, the cash settlement at maturity depends on the final underlier level versus a 90% buffer level; downside exposure can result in substantial loss, including loss of the entire investment. Trade date is May 15, 2026 and original issue date is May 20, 2026. The offering price is 100% of face amount, with an underwriting discount of 1.5% and net proceeds to the issuer of 98.5% of face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-protected structured notes linked to the common stocks of Microsoft, Tesla, Palantir and Oracle. The notes mature on May 29, 2031 (expected) and include monthly coupon payments that pay either a $7.292 maximum or a $0.209 minimum per $1,000 face amount depending on each index stock's performance relative to preset trigger prices. The notes are subject to automatic early redemption if, on a call observation date, each index stock closes at or above 90% of its initial price. The calculation agent (Goldman Sachs & Co. LLC) has discretion over price determinations, observation date postponements and anti-dilution adjustments. The estimated value on the trade date is quoted between $885 and $935 per $1,000 face amount; investors bear issuer and guarantor credit risk and may only receive the minimum coupon each period.
GS Finance Corp. is offering callable, buffered S&P 500® Futures Excess Return Index‑linked notes due May 28, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 200% and a buffer equal to 20% (buffer level 80% of the initial underlier). The notes may be redeemed at the issuer’s option on scheduled call payment dates beginning June 3, 2027, with varying call premium amounts. Redemption limits investor upside on call dates; if not redeemed, final payment depends on the S&P 500® Futures Excess Return Index performance between the trade date (expected May 22, 2026) and the determination date (expected May 22, 2031). Estimated value at pricing is between $885 and $925 per $1,000 face amount, which is below the original issue price of 100%. Payments are subject to the credit risk of GS Finance Corp. and its guarantor. Tax treatment is expected to be as a pre-paid derivative contract, but U.S. federal tax characterization is uncertain.
GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes linked to CrowdStrike Holdings, Inc. (CRWD). The notes pay a contingent quarterly coupon only if the underlier meets a 75% trigger and will be automatically called if the underlier equals or exceeds its initial level on any call observation date.
The notes return principal at maturity only if the final underlier level is at or above a 75% buffer; otherwise repayment is reduced by a formula that can produce a total loss of principal. Trade date is May 15, 2026, original issue date May 20, 2026, and stated maturity June 4, 2027. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due February 28, 2030. The notes pay interest at 5.00% per annum from and including the expected original issue date of May 29, 2026 and are expected to make annual interest payments each May 29, beginning May 29, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates (including the last day of each February and specified calendar dates in May, August and November) upon at least five business days’ prior notice at a redemption price equal to 100% of principal plus accrued interest.
Notes will be issued in book‑entry form through DTC. Tax discussion highlights ordinary interest treatment for U.S. holders and potential FATCA withholding. Distribution is via Goldman Sachs & Co. LLC and InspereX LLC with varying initial prices to certain retirement and fee‑based accounts.