Every 424B that Goldman Sachs Group Inc. (GS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow GS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GS filings page.
GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to the common stock of NVIDIA Corporation with an automatic call feature and a maturity expected to be May 18, 2028. Each note has a face amount of $1,000 and may be automatically called on the call observation date (expected May 28, 2027) if the closing price of the index stock is greater than or equal to the initial index stock price, producing a minimum call payment of $1,240.5 per $1,000 face amount. If not called, maturity payment depends on the index stock return measured from the trade date (expected May 15, 2026) to the determination date (expected May 15, 2028), with a buffer protecting declines up to 20% but exposing holders to a 125% buffer rate beyond that, so losses may exceed the face amount and you could lose your entire investment. The threshold settlement amount is $1,481. The estimated value on the trade date is between $900 and $930 per $1,000 face amount and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering equity‑linked, non‑interest bearing notes tied to the Class A common stock of Toast, Inc. with an aggregate face amount of $400,000. The notes mature on November 12, 2027 and pay a cash settlement based on the index stock return measured from the initial index stock price of $29.38 set on May 7, 2026 to the final closing price on the determination date (November 8, 2027).
If the final index stock price is at least 70% of the initial price, holders receive a capped threshold settlement of $1,446.5 per $1,000 face amount. If the final index stock price declines by more than 30%, holders suffer full downside equal to the index stock return and may lose their entire investment. The prospectus notes an estimated value at issuance of approximately $925 per $1,000 face amount and discloses underwriting terms and credit, market‑liquidity, tax and anti‑dilution risks.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 13, 2041 that pay interest at 5.65% per annum from and including the original issue date (expected May 29, 2026) to but excluding maturity. Interest is payable annually on each May 29, with the first payment expected May 29, 2027. The notes are callable at the issuer’s option in whole, but not in part, on specified redemption dates beginning on or after November 29, 2028, with at least five business days’ prior notice and a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC. Tax and distribution rules, FATCA withholding, and various jurisdictional selling restrictions are described; initial price to public, underwriting discounts, and aggregate offering amounts are not stated in the provided excerpt.
The issuer, GS Finance Corp. is offering notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with a stated maturity of May 15, 2031 and an automatic call window beginning in May 2027. Coupons of $17.50 per $1,000 observation increment (1.75% quarterly; up to 7% per annum) are paid only if the index on an observation date is ≥ 75% of the initial underlier level of 507.65. The index applies volatility-targeted leverage (up to 500%), a daily cap on leverage change (100%), and a daily decrement equal to 6.0% per annum, which reduces index performance. The notes’ estimated value on the trade date was approximately $974 per $1,000 face amount and original issue price is $1,000. Payments are subject to the issuer’s and guarantor’s credit risk and to the index methodology; the notes may pay no coupons and may be called early.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes bearing interest at 5.825% per annum, expected to be issued on May 29, 2026 with a stated maturity expected on May 14, 2046. Interest is payable annually on each May 29, with the first payment expected on May 29, 2027. The issuer may redeem the notes in whole, not in part, on scheduled redemption dates beginning on or after May 29, 2029, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and will be subject to U.S. federal income tax rules and FATCA withholding. Delivery is expected in New York on May 29, 2026.
GS Finance Corp. is offering structured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are linked to an equally weighted basket of five defense-related stocks. They mature on May 18, 2028 with an automatic-call observation expected on May 24, 2027. The notes feature a 200% upside participation rate, an initial basket level of 100, and a trigger buffer at 75 of the initial basket level. If the basket is at or above the initial level on the call observation date, the notes are automatically called for $1,113 per $1,000 face amount. At maturity, positive or zero basket returns pay $1,000 plus twice the basket return times $1,000; modest declines above the trigger buffer return principal; deeper declines below the trigger buffer produce proportional losses (you can lose up to and beyond 75% of face). The estimated value at pricing is $925–$955 per $1,000. Original issue price is 100%, underwriting discount 2.25%, net proceeds 97.75%.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.875% per annum, expected to be issued on May 29, 2026 with an expected stated maturity of May 13, 2031.
Interest is payable annually on expected interest payment dates (each May 29 and at maturity), with the first payment expected on May 29, 2027. The issuer may redeem the notes in whole (not in part) on scheduled redemption dates beginning on or after May 29, 2027 at a price equal to 100% of principal plus accrued interest. Interest accrual uses the 30/360 (ISDA) day count convention; February redemptions may use a reduced factor as shown in the supplement. The offering will settle through DTC, and the notes will be issued as a master global note. FATCA withholding applies; distribution, selling restrictions, and jurisdictions limits (EEA, UK, Hong Kong, Singapore, Japan, Switzerland) are set out in the pricing supplement.
GS Finance Corp. is offering Market Linked Securities—Auto‑Callable with Contingent Coupon with Memory Feature linked to the common stock of SoFi Technologies, Inc. The securities have a face amount of $1,000, a contingent coupon set at a minimum of $58.875 (equivalent to 23.55% per annum) per $1,000, a pricing date of May 18, 2026, an original issue date of May 21, 2026, and a stated maturity date of May 23, 2029. Coupon and principal depend on quarterly calculation day closing prices versus threshold levels equal to 60% of the starting price; below the downside threshold at maturity investors may lose more than 40% of principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount; the original offering price is $1,000. All payments are subject to issuer and guarantor credit risk.
The Goldman Sachs Group, Inc. is offering callable fixed-rate medium-term notes that pay interest at 4.65% per annum from and including the original issue date (expected May 27, 2026) to but excluding the stated maturity date (expected November 27, 2028).
The notes accrue interest payable semiannually on expected May 27 and November 27, with the first payment expected on November 27, 2026. The issuer may redeem the notes in whole (but not in part) on scheduled quarterly redemption dates on or after November 27, 2026, at a price equal to 100% of principal plus accrued interest.
GS Finance Corp. offers principally indexed, callable notes backed by a Goldman Sachs guarantee. The notes reference the common stock of Salesforce, NVIDIA and Snowflake, have an aggregate face amount of $250,000 on the original issue date, an original issue price of 100% and mature on May 11, 2027, unless automatically called on observation dates beginning in August 2026. Coupons are paid quarterly only if the closing price of each index stock on a coupon observation date is at least 50% of its initial price; the stated coupon is $51.875 per $1,000 (5.1875% quarterly, up to 20.75% per annum). At maturity, if a trigger event (each final index stock price below its initial price) has occurred and the lesser performing index stock is below 50% of its initial price, principal is reduced pro rata by that lesser performing index stock return. The notes are unsecured obligations of GS Finance Corp. and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. prices trigger autocallable GEARS linked to the DAX (Price EUR) Index, guaranteed by The Goldman Sachs Group, Inc. The securities are unsecured notes with an automatic call feature on May 24, 2027 and a stated maturity of May 20, 2031. Key economic terms disclosed include an autocall barrier at 100.00% of the initial index level, a call return of 16.00%, an expected upside gearing between 1.45 and 1.60, and a downside threshold of 75.00% of the initial index level. The estimated value on the trade date is between $9.30 and $9.60 per $10 face amount. Payments depend on the index performance on the call observation date or determination date and on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering leveraged callable S&P 500® Futures Excess Return Index‑linked notes due May 8, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 125% upside participation rate and are callable on May 15, 2028 for $1,202 per $1,000 face amount. The initial underlier level is 595.43 (trade date May 8, 2026). The notes' estimated value on the trade date was approximately $931 per $1,000; the original issue price is 100% of face with an underwriting discount of 4.25% and net proceeds to the issuer of 95.75%.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a contingent income auto-callable note offering with an aggregate stated principal amount of $33,074,000 and a $1,000 stated principal per security. The securities pay a contingent quarterly coupon of $25.00 per $1,000 only if each of the S&P 500®, Russell 2000® and Nasdaq-100® indices closes at or above its 70.00% downside threshold on a coupon observation date.
The securities may be automatically called on specified observation dates if each underlying index is at or above its initial index value; if called, holders receive principal plus the then-due coupon. If not called, maturity payment is either $1,000 (if each index is at or above its downside threshold) or $1,000 × the worst performing index performance factor, exposing investors to up to a 100% loss of principal. Estimated value at issuance was approximately $983 per security; original issue price was $1,000 with a 2.00% underwriting discount.
GS Finance Corp. offers principal-protected contingent coupon notes maturing May 13, 2032, backed by a guarantee from The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a monthly coupon of $16.167 per $1,000 (1.6167% monthly) on a coupon payment date only if the closing level of each underlier is at or above 75% of its initial level on the related observation date. The notes may be automatically called on certain monthly observation dates beginning November 2026 if each underlier is at or above its initial level; an automatic call returns the $1,000 face amount plus the coupon then due. At maturity (May 13, 2032), if not called, the cash payment depends solely on the lesser performing underlier’s return versus its initial level and can result in up to a total loss of principal if that underlier falls more than 40% from its initial level.
The underliers are the Russell 2000® Index (initial level 2,861.209), the Nasdaq-100 Technology Sector Index (initial level 16,121.44) and the VanEck Semiconductor ETF (initial level $566.54). The aggregate original face amount on issue is $9,250,000, original issue price is 100% of face and underwriting discount is 0.5% (net proceeds 99.5%). The estimated model value on the trade date was approximately $986 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and to adjustments by the calculation agent in the event of market disruptions or underlier changes.
GS Finance Corp. is offering structured, non‑interest bearing notes linked to the Class A common stock of Meta Platforms, Inc. The offering has an aggregate face amount of $7,087,000 on the original issue date and an initial index stock price of $609.63 (May 8, 2026). The notes are callable on the call observation date (May 21, 2027) for $1,211 per $1,000 face amount if the closing price meets or exceeds the initial index stock price. If not called, maturity is May 11, 2028 with a threshold settlement amount of $1,422 and a 15% buffer (buffer rate ~117.65%). The estimated value on the trade date was approximately $983 per $1,000. The original issue price is 100% of face amount with an underwriting discount of 1.5% and net proceeds of 98.5%. The notes are unsecured, guaranteed by The Goldman Sachs Group, Inc., and subject to the issuer and guarantor credit risk and calculation agent discretion.
GS Finance Corp. priced $2,088,000 of principal-protected indexed notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, mature on May 12, 2031 and may be automatically called on annual observation dates beginning in May 2027 if the index meets rising call levels. At maturity (if not called) you receive $1,000 plus participation tied to the Goldman Sachs Momentum Builder® Focus ER Index return (100% participation) if the final index level exceeds the initial index level of 113.46; otherwise you receive the face amount.
The notes embed daily rebalancing, a 5% realized volatility control, a momentum risk control and an aggregate deduction of 0.65% per annum from the index. GS&Co.’s estimated trade-date value was $932 per $1,000, below the issue price; underwriting discount is 1.375%. Purchasers bear the credit risk of the issuer and guarantor and tax rules treat the notes as contingent payment debt instruments.
GS Finance Corp. is offering non-interest medium-term notes linked to the common stock of Microsoft Corporation. The notes have an initial index stock price of $415.12 (trade date May 8, 2026), an automatic call observation on May 21, 2027 that, if met, pays $1,164 per $1,000 face amount on the call payment date. If not called, maturity is the stated maturity date May 11, 2028 with a threshold settlement amount of $1,328 and a buffer level equal to 85% of the initial index stock price (buffer rate ≈ 117.65%). The estimated value on the trade date is approximately $979 per $1,000 face amount. Original issue price is 100%, underwriting discount 1.5%, net proceeds 98.5%, and aggregate face amount initially $2,271,000. Payments at maturity depend solely on the final index stock price on the determination date and are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.
GS Finance Corp. offers $5,710,000 face amount of buffered S&P 500®-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on May 11, 2028 (determination date May 9, 2028) and pay no interest. If the final S&P 500 level is at or above the buffer level (90% of the initial level), holders receive the maximum settlement amount of $1,173 per $1,000 face amount. If the final level is below the buffer level, holders lose approximately 1.1111% of face for every 1% decline below the buffer (you could lose your entire investment). The offering price is 100% of face amount with an underwriting discount of 1.8%.
The pricing supplement for GS Finance Corp. medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) describes $3,441,000 aggregate face amount of buffer-enhanced, capped S&P 500®-linked notes. For each $1,000 face amount, payment at maturity depends on the underlier return versus a 20% buffer, subject to a $1,203.50 maximum payout. The notes pay no interest, are issued at 100% of face amount with a 1.5% underwriting discount (net proceeds 98.5%), and have trade, original issue, determination and stated maturity dates in May 2026–May 2028. The notes are unsecured senior debt, subject to issuer and guarantor credit risk, limited upside above the cap, potential total loss if the final underlier is below the 80% buffer level, and uncertain U.S. federal tax treatment.
GS Finance Corp. is offering Market Linked Notes (Equity‑Linked, auto‑callable) linked to the common stock of Western Digital Corporation, with a stated maturity of May 18, 2029 and an original offering price of $1,000 per security. The securities pay a contingent monthly coupon (at least $20.625 per $1,000, equivalent to 24.75% per annum when set) only if the underlying stock closes at or above a coupon threshold (60% of the starting price) on a calculation day. If any monthly calculation day meets or exceeds the starting price during the call window (August 2026–April 2029), the securities will be automatically called for face amount plus a final contingent coupon payment. If not called, maturity payment depends on the ending price versus a downside threshold (40% of the starting price): if the ending price is below that threshold, holders suffer pro rata principal loss (potentially total loss); if at or above the threshold, holders receive the face amount.
The estimated model value at pricing is between $925 and $955 per $1,000 face amount and the disclosed underwriting discount is up to $23.25 per $1,000. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so purchasers bear issuer/guarantor credit risk. The prospectus notes limited secondary market liquidity and significant structural and tax complexities.
GS Finance Corp. offers $12,213,000 aggregate face amount of structured notes linked to the S&P 500® Index that pay no interest and settle in cash at maturity based on the index performance from the May 8, 2026 trade date to the May 21, 2027 determination date.
If the final underlier level is at or above the buffer level (90% of the initial level) holders receive the maximum settlement amount of $1,092.30 per $1,000 face amount. If the final underlier level is below the buffer level, the notes lose approximately 1.1111% of face value for each 1% decline below the buffer level, potentially resulting in a total loss of principal. The notes are senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and bear no interest.
GS Finance Corp. is offering $3,964,000 of medium-term, cash-settled, multi-index callable notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $30 per $1,000 (3% quarterly; up to 12.00% per annum) when each underlier meets a 70% trigger. The notes are subject to an automatic call if all three underliers close at or above their initial levels on any call observation date; otherwise the maturity payment is based on the performance of the lesser performing underlier, potentially resulting in a total loss of principal. Trade date is May 8, 2026, original issue date May 13, 2026, and stated maturity date May 13, 2031.
GS Finance Corp. is offering callable Dow Jones Industrial Average®-linked notes due May 19, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000 per note, an original issue price of 100%, an underwriting discount of 2.5% and net proceeds to the issuer of 97.5% of face amount. The trade date is expected to be May 14, 2026 and the notes are expected to mature on May 19, 2031. The notes pay no interest, participate at a 100% upside participation rate in the Dow Jones Industrial Average® return on the determination date, and can be redeemed at the issuer’s option on quarterly call payment dates beginning May 19, 2027 through February 20, 2031 for a cash amount equal to principal plus a call premium (call premium schedule set on the trade date). The estimated value on the trade date is between $885 and $915 per $1,000 face amount. Payments depend on the final underlier level on the determination date and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. priced non‑interest bearing, autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). The notes have a trade date of May 8, 2026, an original issue date of May 13, 2026, and a stated maturity date of May 12, 2033. For each $1,000 face amount, holders receive $1,805 at maturity if the final index level is ≥ 100.5% of the initial index level (initial level: 113.46); otherwise holders receive $1,000.
The notes may be automatically called on semi‑annual observation dates beginning May 10, 2027 if the index closing level is ≥ 100.5% of the initial level; call payments equal $1,000 plus a specified call return (first call return: 11.5%). The estimated value on the trade date was approximately $957 per $1,000 face amount; original issue price is 100%.
GS Finance Corp. offers leveraged, callable notes linked to the S&P 500® Futures Excess Return Index. The pricing supplement sets an aggregate face amount of $270,000 (authorized to increase at the issuer’s option) with an original issue price of 100% of face amount and an underwriting discount of 0.8%. The notes mature on May 13, 2031 (determination date May 6, 2031), are zero-coupon (no periodic interest), and pay at maturity either the face amount or, if the final underlier level exceeds the initial level of 595.43, a leveraged payoff equal to 2.18 times the index return (an upside participation rate of 218%). The issuer may redeem the notes in full on specified monthly call payment dates beginning May 13, 2027 through April 14, 2031, with call premium amounts listed for each call date. The estimated value on the trade date is approximately $977 per $1,000 face amount.
GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due February 23, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indexes and pay a contingent monthly coupon of $10.334 per $1,000 (1.0334% monthly) when all underliers meet a 70% coupon trigger on observation dates.
The notes are automatically called if, on any call observation date, each underlier closes at or above its initial level, in which case holders receive $1,000 plus any coupon due. If not called, maturity payoff depends on the lesser performing underlier: if that underlier is below its 60% trigger buffer level, principal losses occur and investors could lose their entire investment. Trade date is May 15, 2026 and original issue date is May 22, 2026.
GS Finance Corp. priced contingent quarterly-coupon, buffer-structured notes linked to Vertiv Holdings Co. (VRT) common stock. The offering totals $11,547,000 face amount and pays contingent quarterly coupons of $61.625 increments when the underlier meets a 65% coupon trigger level. The notes may be automatically called early if VRT closes at or above the initial level and mature on May 27, 2027 if not called.
The cash settlement at maturity depends on the final underlier level versus a 65% buffer level and uses a buffer rate of approximately 153.85%; investors may lose up to their entire investment if the final level is sufficiently low. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and bear issuer and market‑liquidity risk.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to the common stock of Vistra Corp. The notes pay no interest and mature on November 12, 2027. The initial index stock price was set at $153.95 on May 7, 2026. If the final index stock price on the determination date is ≥ 70% of that initial price, each $1,000 face amount pays a capped $1,365. If the final price declines by more than 30%, the payoff equals $1,000 plus $1,000 times the index stock return, which can cause a full loss of principal.
The estimated value on the trade date was approximately $954 per $1,000. The original issue price is 100% of face amount, with an underwriting discount of 1.75% and net proceeds to the issuer of 98.25%. Terms include market disruption and anti-dilution adjustment mechanisms; GS&Co. is the calculation agent with discretion over key determinations.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2034 that pay interest at 5.25% per annum, with an expected original issue date of May 29, 2026 and an expected stated maturity of May 26, 2034. Interest is payable semiannually on May 29 and November 29, beginning on November 29, 2026, using the 30/360 (ISDA) day count convention.
The notes are callable at the issuer’s option in whole (not in part) on scheduled redemption dates on or after May 29, 2028, at a redemption price equal to 100% of principal plus accrued interest. Due to the 30/360 convention, February redemptions use an applicable factor (commonly 89/360 or 90/360) to determine interest accrued to the redemption date. Sales will settle through DTC in book‑entry form and the offering will be managed by Goldman Sachs & Co. LLC and InspereX LLC. The pricing supplement states market‑making by the underwriters may occur after the initial sale and that liquidity is not assured.
GS Finance Corp. is offering notes with an aggregate face amount of $1,241,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon when Amazon.com, Inc. (the underlier) closes at or above 80% of the initial level on observation dates, and include an automatic-call feature if the underlier equals or exceeds the initial level on a call observation date. At maturity the cash settlement is linked to the underlier: holders may receive full face amount, a reduced cash payment based on the buffer (20%) and a 125% buffer rate, or could lose their entire investment if the final underlier level is sufficiently low. The prospectus highlights credit risk of GS Finance Corp. and the guarantor, secondary-market illiquidity, and uncertain U.S. federal income tax treatment.
GS Finance Corp. launches a contingent coupon, auto-callable medium‑term note linked to the common stocks of NVIDIA and Tesla. The notes mature on May 15, 2028 (determination date May 8, 2028) and pay a monthly coupon of $15 per $1,000 face amount when both index stocks meet 60% coupon triggers. Automatic calls occur if both index stocks close at or above their initial prices ($215.20 for NVIDIA; $428.35 for Tesla) on a call observation date, producing redemption at par plus accrued coupon. At maturity, if not called, cash settlement depends on the lesser performing index stock return with buffer thresholds at 70% (no principal loss) and 60% (principal loss cap and possible 0 coupon), and the notes are subject to issuer and guarantor credit risk from The Goldman Sachs Group, Inc.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly-coupon, autocallable notes linked to NVIDIA Corporation common stock. The notes have a $1,000 face amount unit design, an aggregate initial face amount of $500,000, an original issue price of 100% of face amount and a stated maturity of May 11, 2029.
Monthly coupons of $12.50 per $1,000 (1.25% monthly; up to 15.00% per annum) are paid only if the underlier closes at or above 60% of the initial level on each coupon observation date. The notes are automatically called if the underlier closes at or above the initial level ($215.20) on any call observation date. At maturity, if not called, cash settlement equals $1,000 if the final underlier level is at or above 50% of the initial level; otherwise the cash settlement equals $1,000 + $1,000 × underlier return, meaning investors could lose their entire investment. Pricing Supplement No. 24,564 dated May 8, 2026.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon medium-term notes linked to the common stock of Advanced Micro Devices, Inc. The aggregate face amount is $6,762,000. Coupons of up to $50.625 per $1,000 may be paid quarterly only if the underlier closes at or above a 65% coupon trigger on observation dates. The notes include an automatic call feature if the underlier closes at or above the initial level on any call observation date. If not called, principal at maturity depends on the final underlier level versus a buffer level of 65%; severe loss is possible and you could lose your entire investment. Key dates: trade date May 8, 2026, original issue date May 13, 2026, determination date and stated maturity around May 24–27, 2027. The notes are unsecured senior obligations and subject to issuer and guarantor credit risk.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes tied to the S&P 500® Index. Each note has a $1,000 face amount and pays no interest. The cash payment at maturity (stated maturity June 11, 2027) depends on the underlier return from the trade date (May 8, 2026) to the determination date (June 8, 2027).
If the final index level is above the initial level, holders receive the face amount plus 110% participation in the upside capped at a maximum settlement of $1,150 per $1,000 face. If the final level is between 90% and 100% of the initial level, holders receive the face amount. If the final level is below 90% of the initial level, losses are linear below the buffer and investors can lose a substantial portion of principal.
GS Finance Corp. offers principal-at-risk, S&P 500®-linked medium-term notes, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and an aggregate face amount of $11,295,000. Payment at maturity depends on the S&P 500 final level versus an 85% buffer level: if the final underlier level is greater than or equal to 85% of the initial level, holders receive a capped maximum settlement amount of $1,078.80 per $1,000 face amount; if the final underlier level is below the buffer, holders incur losses equal to approximately 1.1765% of face amount for every 1% decline below the buffer and could lose their entire investment. The notes pay no interest, mature on May 26, 2027 (determination date May 21, 2027), were issued at 100% of face amount with a 1% underwriting discount, and the issuer bears credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing notes linked to Amazon, NVIDIA and Tesla. The offering has an aggregate face amount of $691,000 and an original issue price of 100% with a 1.125% underwriting discount.
Notes are automatically called on the call observation date if each underlier's closing level is >= its initial level; in that case holders receive $1,280 per $1,000 on the call payment date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier with an upside participation rate of 125%. The notes bear no interest. Key dates include trade date May 8, 2026, original issue date May 13, 2026, call observation date May 10, 2027, call payment date May 17, 2027, determination date May 8, 2031 and stated maturity date May 15, 2031.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to an equally weighted 6-stock basket with automatic-call and buffered downside features. The notes mature on May 11, 2028 (call observation date May 21, 2027). If the basket closing level on the call observation date is at or above the initial level (100), notes are automatically called and pay $1,200 per $1,000 face amount on the call payment date. If not called, maturity payoffs depend on the basket return: positive returns receive 125% participation, modest declines (down to −15%) return principal, and deeper declines below −15% reduce principal using a buffer-rate of approximately 117.65%. The issuer set an original issue price of 100% with an underwriting discount of 1.5%, estimated initial model value of approximately $955 per $1,000, and aggregate initial face amount of $5,100,000. Payments are unsecured and subject to issuer and guarantor credit risk and to calculation-agent determinations.
GS Finance Corp. offers autocallable, basket-linked notes due May 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference a weighted basket (S&P 500 40%, Russell 2000 30%, MSCI EAFE 20%, MSCI Emerging Markets 10%) with an initial basket level of 100. If the basket on the call observation date (May 10, 2027) is >= 100 the notes are automatically called and pay $1,110 per $1,000 face amount on May 13, 2027. If not called, final payoff at maturity depends on the basket return: positive returns receive 165% participation; final levels at or above 65% of initial preserve principal; final levels below 65% result in a proportional loss of principal. The original issue price is 100% of face, estimated value at issue is approximately $981 per $1,000, and aggregate face amount shown is $90,000.
GS Finance Corp. priced contingent quarterly coupon notes due May 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and the S&P 500® and pay a contingent quarterly coupon of $26.25 per $1,000 (2.625% quarterly; up to 10.50% per annum) when each underlier on an observation date is at or above 70% of its initial level. If not automatically called, redemption at maturity depends on the lesser performing underlier; a final underlier below the 70% trigger buffer can cause substantial principal loss, potentially the entire investment.
GS Finance Corp. is offering $3,704,930 aggregate face amount of autocallable contingent yield notes due May 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.2625 per $10 (up to 10.50% per annum) only if both the Russell 2000® and the S&P 500® close at or above a coupon barrier (70% of each index’s initial level) on each observation date. Commencing November 2026, the notes will be automatically called if both indices equal or exceed their initial levels on any quarterly call observation date; otherwise repayment at maturity depends on the lesser performing index versus a 70.00% downside threshold, exposing holders to full downside market loss and issuer/guarantor credit risk.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes maturing on May 11, 2027 linked to the common stocks of NVIDIA, Home Depot and Hilton. The notes pay a quarterly coupon of $33.5 per $1,000 face amount (3.35% quarterly, up to 13.4% per annum) only if the closing price of each index stock on a coupon observation date is at least 50% of its initial price. The notes are subject to automatic call starting August 2026 if each index stock’s closing price on an observation date is at or above its initial price (initial prices set on May 6, 2026). At maturity the cash settlement is either the face amount (if no trigger event) or, if a trigger event occurs, an amount tied to the lesser performing index stock return and could be significantly less than principal (including losses up to the full face amount).
Key structural points: coupon and call observation dates are specified; coupon trigger and trigger buffer prices equal 50% of each initial index stock price; the calculation agent is Goldman Sachs & Co. LLC; payments depend on issuer and guarantor creditworthiness.
GS Finance Corp. priced structured, principal‑at‑risk notes linked to the EURO STOXX 50 Index and the iShares® MSCI EAFE ETF. The notes pay at maturity based solely on the lesser performing underlier: a positive payoff if both finish above initial levels, return of face amount if both finish at or above 70% of initial levels, or a proportional loss below that trigger (you could lose your entire investment). The notes carry no interest and are fully guaranteed by The Goldman Sachs Group, Inc.; they mature in May 2029.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, autocallable monthly‑coupon notes linked to four stocks. The notes pay a $10 coupon per $1,000 face amount on a coupon payment date only if each index stock’s closing price on the related observation date is at least 70% of its initial price. The notes mature on May 15, 2031 unless automatically called on observation dates beginning May 2027. The trade date was May 8, 2026 and original issue date was May 13, 2026. The estimated value at pricing was approximately $948 per $1,000 face amount and the issue price is 100%.
The offered notes are a GS Finance Corp. medium-term note series, fully guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of ServiceNow, Inc.. For each $1,000 face amount, holders receive no interest and a cash payment at maturity based on the underlier return measured from May 7, 2026 to the determination date. If the final underlier level is greater than or equal to the trigger buffer (70% of the initial level), investors receive the maximum settlement amount of $1,420 per $1,000 face amount. If the final level is below the trigger buffer, investors lose 1% of face for every 1% decline below the initial level and could lose their entire investment. The notes mature on November 12, 2027, have an original issue price equal to 100% of face, an underwriting discount of 1.75%, and aggregate face amount of $400,000. Payment is subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing, auto‑callable notes linked to AMZN, AVGO and GOOG. The notes have an aggregate face amount of $4,125,000, an original issue price of 100% and an underwriting discount of 1.125%. If automatically called on the call payment date, holders receive $1,308.50 per $1,000. If not called, maturity payment depends solely on the lesser performing underlier (100% upside participation if that underlier finishes above its initial level); otherwise holders may receive only the face amount. Trade date is May 8, 2026, original issue date May 15, 2026, and stated maturity date May 15, 2031.
GS Finance Corp. is offering autocallable, buffered notes linked to the iShares® Semiconductor ETF (ticker SOXX) that mature on May 11, 2028 and may be automatically called on May 20, 2027. For each $1,000 face amount, an automatic call would pay $1,274 on the call payment date. If not called, the maturity payoff depends on the ETF return from an initial level of $492.36 (set May 7, 2026) to the final level on the determination date (May 8, 2028). Upside participation is 125%. A buffer protects losses up to 15%; declines beyond that result in losses calculated using a buffer rate of approximately 117.65%, and you could lose your entire investment. The original issue price is 100% of face amount; estimated value at pricing was approximately $973 per $1,000 face amount.
GS Finance Corp. offers principal-protected-style notes linked to the S&P 500® Index with capped upside and a 10% downside buffer. For each $1,000 face amount, the cash settlement at maturity depends on the June 8, 2027 determination date closing level versus the initial underlier level of 7,398.93. If the final level is ≥ initial, investors receive $1,000 plus the underlier return up to a maximum upside settlement amount of $1,137.50. If the final level falls but remains ≥ 90% of the initial level (the buffer level), investors receive $1,000 plus the absolute underlier return. If the final level is below the buffer level, losses accrue dollar-for-dollar beyond the buffer and investors may lose a substantial portion of principal. The notes pay no interest, are issued at 100% of face, carry an underwriting discount of 0.4%, and are guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, principal-at-risk medium-term notes linked to the MSCI EAFE Index. The notes have a 300% upside participation rate, a $1,220.50 maximum settlement per $1,000 face amount, and no interest.
Payment at maturity depends on the index return from the trade date to the determination date. If the final index level exceeds the initial level, holders receive participation up to the capped settlement amount. If the index is flat or down, holders suffer a proportional loss and may lose the entire investment.
GS Finance Corp. is offering principal-protected contingent monthly coupon notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $9,405,000 aggregate face amount and has an original issue price of 100% of face amount. Coupons of $10 per $1,000 (1% monthly) are paid only when each underlier is at or above an 82.5% trigger on observation dates. The notes are automatically called if every underlier is at or above its initial level on any call observation date; otherwise the maturity cash settlement depends solely on the lesser performing underlier and can result in a total loss of principal. Trade date: May 8, 2026; original issue date: May 13, 2026; stated maturity: January 12, 2027.
The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay interest at 4.45% per annum, expected to be issued on May 29, 2026 and mature on May 26, 2028. Interest is payable semiannually (expected May 29 and November 29) with the first payment expected on November 29, 2026.
The notes are callable at Goldman Sachs' option in whole (not in part) on scheduled redemption dates after November 29, 2026, at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days' notice. The notes will be issued in book-entry form through DTC and are not FDIC insured. Tax treatment and FATCA withholding rules are summarized in the pricing supplement.