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 leveraged equity-linked notes tied to the common stock of Micron Technology, Inc. Each $1,000 face-amount note pays at maturity based on the underlier return measured from an initial level of $640.20 (set May 5, 2026) through the determination date. The notes feature a 200% upside participation rate, a maximum settlement amount of $1,542.50, and a trigger buffer level at 40% of the initial underlier level. Trade date is May 8, 2026, original issue date May 13, 2026, determination date June 8, 2027, and stated maturity June 11, 2027. The notes do not bear interest and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
GS Finance Corp. is offering autocallable, contingent coupon index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000, pay a contingent monthly coupon and are subject to automatic early call if all underliers meet their initial levels on a call observation date. Coupons of $7.084 per $1,000 (0.7084% monthly, ~8.5% annualized) are payable only when each underlier meets a coupon trigger level equal to 70% of its initial level on the applicable observation date. At maturity, if not called, principal repayment is tied to the performance of the lesser performing underlier and can result in a total loss of principal; the trigger buffer level is also 70%. Trade date is May 15, 2026, original issue date May 20, 2026, determination date May 15, 2031, and stated maturity May 22, 2031. GS&Co. is the calculation agent and the notes are issued under the Medium-Term Notes, Series F program.
GS Finance Corp. is offering $1,000-denominated autocallable notes due May 13, 2033, guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5). The notes have a 100% upside participation rate, an annual automatic call feature with increasing call levels and call premiums (first call observation May 12, 2027 with a 100.60% call level and an 11.35% call premium), and a trade date of May 12, 2026 with original issue date May 15, 2026. GS&Co. estimates the notes’ value on the trade date at $850 to $880 per $1,000 face amount, below the original issue price. Payments at maturity (if not called) pay at least the face amount and otherwise pay an upside equal to $1,000 × (1 + upside participation rate × index return). The index applies daily rebalancing, a 5% realized volatility control, a momentum risk control and an aggregate deduction of 0.65% per annum, and may allocate substantially to cash-equivalent positions. Credit risk of the issuer and guarantor applies.
GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with an upside participation rate of 115%, a buffer level of 85% (buffer amount 15%) and a maximum settlement amount of $1,387.50 per $1,000 face amount. The trade date is May 29, 2026 and the original issue date is June 3, 2026. Payment at maturity depends on the underlier return measured from the trade date to the determination date, with principal protected only to the buffer level and capped upside.
GS Finance Corp. offers Digital S&P 500® Index-Linked Notes due May 11, 2028, guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, holders receive either a capped gain of up to $1,225, the $1,000 face amount, or a reduced cash payment based on the underlier return measured from the trade date to the determination date. The notes do not pay interest and are subject to the issuer and guarantor credit risk, limited liquidity, model-based pricing differences at issuance, and potential complete loss of principal if the final underlier level falls below the 75% trigger buffer level.
GS Finance Corp. is offering $5,479,050 aggregate face amount of autocallable notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. Trade date is May 4, 2026, original issue date May 6, 2026, determination date May 4, 2029, and stated maturity date May 9, 2029 (subject to postponement).
The notes pay no coupons and are automatically redeemed on any call observation date if the index closing level is at least the autocall barrier (100.00% of the initial index level). The disclosed per annum call return is 10.30%, producing hypothetical call payments of $11.03, $12.06 and $13.09 per $10 face amount on the three potential call payment dates. If not called, the cash settlement at maturity equals $10 plus $10 times the index return, so investors can lose part or all of principal. The estimated value at issuance is approximately $9.69 per $10 face amount; original issue price is 100.00% with an underwriting discount of 2.00%. Minimum purchase is $1,000.
GS Finance Corp. is offering equity-linked, autocallable medium-term notes tied to the Class A common stock of CrowdStrike Holdings, Inc. The notes have a $1,000 face amount per note, an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026, and an expected stated maturity date of July 1, 2027, unless automatically called on scheduled observation dates beginning in November 2026.
The notes pay a monthly coupon of $12.667 per $1,000 (1.2667% monthly, ~15.2% per annum) only if the index stock closing price on a coupon observation date is greater than or equal to 56% of the initial index stock price. The notes are automatically called if the index stock closing price on a call observation date is greater than or equal to the initial index stock price; if not called, the maturity payout depends on the index stock return with a downside threshold of -44% (the trigger buffer price is 56% of the initial index stock price). The estimated value at pricing is expected to be between $925 and $965 per $1,000 face amount.
GS Finance Corp. priced a contingent income, buffered auto-callable note linked to the common stock of Freeport-McMoRan Inc. The securities (stated principal $1,000) are expected to price on May 6, 2026, issue on May 11, 2026 and mature on May 11, 2027.
The notes pay a contingent monthly coupon (set at least $21.217 times observation counts) only when the underlying closes at or above an 80.00% buffer of the initial share price ($57.68). Automatic call occurs if the underlying equals or exceeds the initial share price on a call observation date. If not called, downside exposure applies: investors lose 1.25% of principal for each 1.00% decline beyond the 20.00% buffer; investors do not participate in upside beyond returning principal.
GS Finance Corp. offers Contingent Income Buffered Auto-Callable Securities linked to the common stock of Freeport-McMoRan Inc. The securities provide a contingent monthly coupon (set at pricing) and feature a 30.00% buffer, an automatic call if the underlying closes at or above the initial share price, and maturity on May 11, 2027.
The initial share price was set at $57.68 (closing price on May 5, 2026). If not called, repayment at maturity pays $1,000 if the final share price is at or above the buffer price; below the buffer the investor suffers a loss of approximately 1.4286% of principal for each 1.00% decline beyond the buffer. The securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk.
The Goldman Sachs Group, Inc. is offering $50,000,000 aggregate principal amount of Callable Fixed Rate Notes due July 6, 2027 under its Medium‑Term Notes, Series N program.
The notes bear interest at 4.00% per annum from the original issue date May 6, 2026, pay interest on Nov 6, 2026, May 6, 2027 and July 6, 2027, and are redeemable at the issuer's option in whole (but not in part) on specified redemption dates, with at least five business days' prior notice.
GS Finance Corp. is offering $5,479,050 aggregate face amount of autocallable notes linked to the Russell 2000® Index, due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a $10 face amount and may be automatically called annually if the index closes at or above the autocall barrier (100.00% of the initial index level). Call returns increase with time (the per annum call rate is 13.65%) producing potential cash payments of $11.365, $12.73 or $14.095 on the three call payment dates shown. If not called, the maturity payment is linked to the index return and could result in losing a substantial portion or all of principal. The estimated value at trade date was approximately $9.70 per $10 face amount; original issue price is 100.00% of face amount with a 2.00% underwriting discount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, non‑interest bearing structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected ~84‑month term with semi‑annual automatic call observations beginning ~12 months after the trade date. If a call observation meets the 100.5% trigger, the notes will be redeemed at the face amount plus a specified call return. If not called, the cash settlement at maturity is either the capped maximum settlement of $1,805 per $1,000 face when the final index level is ≥100.5% of the initial index level or $1,000 per $1,000 face otherwise. The index employs daily rebalancing, a 5% realized volatility control and a momentum risk control, and is subject to a 0.65% per annum deduction (accruing daily). The estimated initial model value is $885–$925 per $1,000 face, below the original issue price.
GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount, pays no interest, and the cash payment at maturity depends on S&P 500 performance from the trade date to the determination date. The notes provide a 20% buffer: if the final index level declines by up to 20%, the holder receives a positive return equal to the absolute decline; declines beyond the buffer produce losses calculated at a 125% buffer rate. Upside is capped at a maximum cash settlement amount of at least $1,203.50 per $1,000. Trade date is May 8, 2026, original issue date May 13, 2026, determination date May 8, 2028, and stated maturity date May 11, 2028. The original issue price is 100% of face; underwriting discount is 1.5% and net proceeds to issuer are 98.5% of face. These notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor and may have limited secondary market liquidity.
GS Finance Corp. is offering callable ETF-linked notes due (expected May 28, 2031) guaranteed by The Goldman Sachs Group, Inc. The notes reference the Invesco QQQ, Series 1 and the VanEck Semiconductor ETF and pay at maturity based on the lesser performing ETF’s return with a 200% participation rate and an 80% buffer. The issuer may redeem on scheduled monthly call payment dates beginning in June 2027, with call premiums ranging from 24% to 48%. The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount. Trade date and initial underlier levels are expected to be set on May 22, 2026.
GS Finance Corp. launches a structured, autocallable note linked to the Goldman Sachs Momentum Builder® Focus ER Index, with a trade date expected May 29, 2026 and stated maturity expected June 3, 2033. The notes do not bear interest and pay a capped upside (maximum settlement of $1,770 per $1,000 face amount if the final index level ≥ 101% of the initial index level). The notes include semi-annual call observation dates beginning in June 2027
The index uses daily rebalancing, a 5% volatility control and a momentum risk control that can allocate most exposure to non-interest bearing cash positions; the index is net of a 0.65% per annum deduction (accruing daily) and also reflects excess-return treatment versus the federal funds rate. The estimated value at pricing is between $885 and $935 per $1,000 face amount. Credit risk remains with the issuer and guarantor.
GS Finance Corp. priced structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index. The notes have a $1,000 face amount per note, an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026 and an expected stated maturity date of June 3, 2031. The notes do not pay interest, carry a daily 6.0% per annum decrement to the index level and have an estimated value at pricing between $885 and $935 per $1,000 face amount. The notes may be automatically called on scheduled call observation dates beginning in June 2027; if not called, maturity payoffs are capped at a $2,200 maximum settlement amount per $1,000 and principal is fully at risk below a 50% trigger buffer.
GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due May 15, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes return is linked to the S&P 500 from May 15, 2026 to the determination date, with a 200% upside participation rate, a 15% buffer (buffer level 85%), and a maximum cash settlement of $1,220 per $1,000 face amount. If the final underlier level is between the initial level and the buffer level, investors receive the face amount; if below the buffer, losses apply pro rata. The notes pay no interest, are subject to issuer and guarantor credit risk, may trade illiquidly, and contain tax characterization uncertainty.
GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called for a cash payment of $1,085 per $1,000 if the underlier at the call observation date is at or above its initial level, and otherwise pay at maturity based on S&P 500 performance with an upside participation rate of at least 150% and a trigger buffer level equal to 75% of the initial underlier level. The notes expose investors to issuer and guarantor credit risk and may result in a loss of principal, including the entire investment, if the final underlier level is below the trigger buffer level. Terms such as the initial level, aggregate face amount and certain pricing details will be set on the trade date.
GS Finance Corp. is offering structured, callable notes linked to the common stock of Amazon.com, Inc., with The Goldman Sachs Group, Inc. as guarantor. Each $1,000 note pays a fixed monthly coupon of $10.917 (1.0917% monthly, ~13.1% per annum) and may be automatically called on specified monthly observation dates. The notes measure performance from the trade date (expected May 12, 2026) to the determination date (expected June 10, 2027), with a stated maturity (expected June 15, 2027). At maturity, if the final index stock price is below 75% of the initial index stock price, holders receive a cash amount reduced in proportion to the index stock return (potentially resulting in losses up to the full principal). The estimated value on the trade date is stated as between $925 and $955 per $1,000 face amount.
GS Finance Corp. is offering autocallable, basket-linked notes 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. The notes are expected to be traded on May 8, 2026, have a call observation date expected May 10, 2027 (automatic call pays $1,110 per $1,000 face if called) and a stated maturity expected May 13, 2031. At maturity holders receive $1,000 plus 165% of any positive basket return, full principal if final basket level ≥ 65% of initial, or a loss proportional to the negative basket return if the final basket level is below 65% (trigger buffer). The estimated value on the trade date is between $885 and $925 per $1,000 face; the original issue price is 100% of face amount. The notes do not bear interest and are subject to issuer and guarantor credit risk and various structural and market risks, including market disruption rules and uncertain U.S. tax treatment.
GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes due May 13, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a quarterly contingent coupon of $26.25 (2.625%) if both underliers meet a 70% coupon trigger on observation dates. The notes reference the Russell 2000® and the S&P 500®, are subject to automatic early call if both indices are at or above their initial levels on a call observation date, and at maturity the cash settlement depends solely on the lesser performing underlier. Investors may lose up to their entire investment; the product is subject to issuer and guarantor credit risk and limited secondary-market liquidity.
GS Finance Corp. offers callable structured notes linked to the common stock of Apple Inc. The notes pay a fixed monthly coupon of $8.417 per $1,000 (0.8417% monthly, up to ~10.1% per annum), are expected to trade on a trade date of May 12, 2026 with an original issue date expected to be May 15, 2026, and have a stated maturity expected to be June 15, 2027. Notes will be automatically called if the closing price of Apple equals or exceeds the initial index stock price on any monthly call observation date. At maturity, if not called, principal repayment depends on the index stock return relative to a trigger buffer price of 75% of the initial price, exposing holders to potential losses below that threshold. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount.
GS Finance Corp. offers non‑interest bearing structured notes linked to an equally weighted basket of six stocks, with The Goldman Sachs Group, Inc. as guarantor. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer level of 85%, and an automatic call feature that would pay at least $1,200 per $1,000 if the basket closing level on the call observation date is ≥ the initial basket level. The trade date and related reference prices are expected to be May 8, 2026, with an original issue date expected to be May 13, 2026 and stated maturity expected to be May 11, 2028. The estimated value on the trade date is noted as $900–$930 per $1,000 (model estimate) and purchasers remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. priced a structured, autocallable note linked to the Russell 2000®, the Nasdaq-100 Technology Sector Index and the VanEck Semiconductor ETF. Trade date and initial underlier levels expected to be set on May 8, 2026; original issue date expected May 13, 2026.
The notes pay a monthly coupon of $16.084 per $1,000 (1.6084% monthly, ~19.3% annually) only if each underlier meets a coupon trigger level of 75% of its initial level on a coupon observation date. Automatic call can occur on observation dates from November 2026 through April 2032 if each underlier is at or above its initial level. At maturity (expected May 13, 2032), principal repayment depends on the lesser performing underlier: full face amount if all final underlier levels are >=75% (coupon possibly paid), no coupon and $1,000 returned if any final underlier is between 60% and <75%, and a pro rata loss below 60% (trigger buffer) based on the worst underlier if any underlier is <60%. The estimated initial model value is between $885 and $925 per $1,000 face amount.
GS Finance Corp. is offering structured notes linked to the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have a $1,000 face amount and may be automatically called beginning on May 26, 2027 if each underlier is at or above its initial level on a call observation date. If not called, the cash payment at the expected maturity on June 3, 2031 is based on the lesser performing underlier with a trigger buffer level of 70% of initial levels and a guaranteed minimum maturity premium amount of 80%. Estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments are subject to the issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes do not bear interest.
GS Finance Corp. is offering $ callable Contingent Coupon Equity-Linked Notes due May 18, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Zoom Communications, Inc. (Bloomberg: ZM UW) and pay a contingent monthly coupon of $14.167 per $1,000 (1.4167% monthly, ~17.00% per annum) when the underlier closes at or above a 60% coupon trigger level.
The issuer may redeem the notes on quarterly coupon dates commencing May 2027. At maturity the cash settlement per $1,000 is either $1,000 (if the final underlier level is >= the 60% trigger buffer) or $1,000 + ($1,000 × underlier return); upside is capped at 100% of face and investors could lose up to 100% of their investment. The trade date is May 15, 2026 and original issue date is May 20, 2026.
GS Finance Corp. is offering autocallable contingent coupon index-linked notes due May 17, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000 and the S&P 500 and pay a contingent monthly coupon of $7.292 per $1,000 (0.7292% monthly, up to ~8.75% annually) only if each underlier on the coupon observation date is at or above 70% of its initial level. The notes will be automatically called if, on any call observation date, each underlier is at or above its initial level; if called, holders receive par ($1,000) plus any coupon then due. If not called, the final cash settlement at maturity for each $1,000 face amount is either $1,000 (if the lesser performing underlier is >=70% of its initial level) or $1,000 × (1 + lesser performing underlier return), exposing investors to loss of principal (up to the entire investment). Trade date is May 12, 2026 and original issue date is May 15, 2026. This pricing supplement highlights significant structure, market‑value, credit and tax risks, and cautions that the original issue price exceeds the estimated model value.
GS Finance Corp. is offering $1,000 face‑amount autocallable contingent coupon index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq‑100, Russell 2000 and S&P 500, pay a contingent monthly coupon of $9.25 per $1,000 when each underlier is at least 75% of its initial level, and are automatically called if all underliers are at or above their initial levels on a call observation date. If not called, the maturity cash payment is tied to the lesser performing underlier and can result in a substantial loss, including a hypothetical ~74.667% loss if that underlier finishes at 19% of its initial level.
GS Finance Corp. offers callable, equity-linked medium-term notes backed by a guarantee from The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $9.167 per $1,000 (0.9167% monthly, approximately 11% per annum) and are linked to the performance of the common stock of Bank of America Corporation from the trade date (expected May 12, 2026) to the determination date (expected June 10, 2027).
If, on any monthly call observation date, the closing price of the index stock is greater than or equal to the initial index stock price, the notes will be automatically called and holders will receive the face amount plus the coupon on the applicable call payment date. If not called, the cash settlement at maturity (expected June 15, 2027) depends on the index stock return: holders receive $1,000 if the final index stock price is at least 75% of the initial price (the trigger buffer price); if the final price is below 75% of the initial price, the maturity payment declines pro rata and investors may receive substantially less than principal.
GS Finance Corp. offers autocallable contingent coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10 per $1,000 (1% monthly, up to 12.00% per annum) only if each underlier is >= 70% of its initial level on the coupon observation date. The notes are automatically called if each underlier is >= its initial level on any call observation date. If not called, maturity payoff depends solely on the lesser performing underlier versus a 60% trigger buffer; principal can be lost.
GS Finance Corp. is offering non‑interest bearing indexed notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected trade date of May 15, 2026 and an expected stated maturity of May 20, 2031. They pay at maturity either $1,475 per $1,000 face amount if the final index level is ≥ 101% of the initial level or $1,000 otherwise. The notes may be automatically called on annual observation dates starting in May 2027 for predetermined call returns (first-year call return 9.5%, increasing in later years).
The index uses daily rebalancing across up to ten eligible assets, a 5% realized volatility control and a momentum adjustment, and is subject to a 0.65% per annum deduction. The estimated value at pricing is between $850 and $880 per $1,000 face amount. Payments remain subject to the issuer’s and guarantor’s credit risk.
GS Finance Corp. is offering leveraged basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the payment at maturity for each $1,000 face amount depends on the basket return measured from an initial basket level of 100 to a final basket level determined on a specified determination date expected 47 to 50 months after the trade date.
If the final basket level is greater than the initial basket level, holders receive $1,000 plus $1,000 times the upside participation rate (expected 159%–186%) times the basket return. If the final basket level is zero or negative, holders receive $1,000 plus $1,000 times the basket return (which can result in a loss of principal). The basket is weighted: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), SMI (11%) and S&P/ASX 200 (7%). The estimated value at pricing is expected to be $920–$950 per $1,000 face amount. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.; notes are unsecured, not FDIC insured and may have limited liquidity.
GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due May 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 closing level from the trade date to the determination date: if the final level is at or above the buffer level (85% of the initial level), holders receive a capped $1,078.80 per $1,000 face amount; if below the buffer level, losses occur at approximately 1.1765% of face per 1% decline below the buffer level, potentially resulting in total loss of principal.
The notes pay no interest, are issued at 100% of face with a 1% underwriting discount, and are subject to the credit risk of GS Finance Corp. and its guarantor. Pricing, estimated value, market-making, tax treatment (including uncertainty), limited secondary liquidity, and other structural risks are disclosed in the supplement.
GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, due November 13, 2028. Each $1,000 face amount pays at maturity based on the underlier return: if above the initial level you receive $1,000 plus the underlier return times a 131.09% upside participation rate; if the final level is between the initial level and the 80% buffer level you receive $1,000; if below the buffer you absorb losses equal to 1% of face for each 1% decline beyond the buffer.
The notes do not bear interest, are cash‑settled, and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The trade date is May 8, 2026, the original issue date is May 13, 2026, and the determination date is November 8, 2028. The offering documents emphasize negative roll yields, market‑disruption provisions, limited secondary‑market liquidity, and tax characterization uncertainty.
GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes, guaranteed by The Goldman Sachs Group, Inc., with a $1,000 face amount per note and a 10% buffer (buffer level = 90% of the initial underlier level). The notes pay no interest and return at maturity is tied to the S&P 500® Index performance; cash payment is capped at a $1,136–$1,160 maximum settlement amount per $1,000 face amount and declines approximately 1.1111% of face for each 1% drop of the underlier below the buffer level. Terms such as trade date, determination date and stated maturity date are expected to be set on the trade date and are subject to adjustment per the general terms supplement.
GS Finance Corp. offers autocallable contingent coupon equity-linked notes due June 24, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Freeport-McMoRan Inc. (FCX UN), pay a contingent monthly coupon of $11.25 per $1,000 when the underlier meets a coupon trigger level of 58% of the initial level, and are subject to an automatic call if the underlier equals or exceeds the initial level on a call observation date. If not called, maturity cash settlement depends on final underlier performance and can result in a total loss of principal; the prospectus highlights credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering principal-protected structured notes linked to an equally weighted 9-stock basket guaranteed by The Goldman Sachs Group, Inc. The notes have an upside participation rate of 125%, a buffer equal to 20% (buffer level 80%), an expected trade date of May 8, 2026, an expected call observation date of May 21, 2027 (automatic call if basket closing level ≥ initial level) and an expected stated maturity date of May 11, 2028. If called, holders receive at least $1,192.50 per $1,000 face amount. If not called, maturity payoffs depend on the basket return: positive returns receive principal plus 1.25× the basket return, returns between 0% and -20% receive principal, and returns below -20% absorb losses after the 20% buffer. The estimated model value on the trade date is $900–$930 per $1,000 face amount, reflecting issuance costs and credit spreads. The notes do not pay interest, do not confer shareholder rights in the basket stocks, and are subject to issuer and guarantor credit risk.
GS Finance Corp. offers structured, equity-linked notes guaranteed by The Goldman Sachs Group, Inc. The offering totals an aggregate face amount of $2,338,000 on the original issue date, with an original issue price of 100% of face amount and an underwriting discount of 3.25%. The notes pay a fixed monthly coupon of $14.334 per $1,000 (1.4334% monthly, ~17.2% per annum) and mature on May 8, 2028, but include an automatic call feature commencing with call observation dates beginning October 30, 2026. Redemption at maturity depends on the final closing prices of three index stocks (Micron, Broadcom, AMD) relative to specified initial prices; a trigger event could cause principal loss tied to the lesser performing index stock.
The estimated value at pricing was approximately $969 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk, limited anti-dilution protection, potential postponement for market disruption events, and discretion by the calculation agent (GS&Co.).
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers $7,863,000 of contingent income callable securities due May 4, 2028. These unsecured notes pay a contingent quarterly coupon of $27.875 per $1,000 only if each of the S&P 500®, Russell 2000® and Nasdaq-100® closes at or above its downside threshold (70.00% of the initial index value) on every index business day during the applicable quarterly observation period. The securities are callable at issuer option on specified coupon dates beginning August 6, 2026 at 100% of principal plus any coupon then due. At maturity, if any underlying index closes below its downside threshold the payment equals $1,000 times the worst performing index performance factor; investors do not participate in upside beyond principal.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon, automatic‑callable notes linked to Marvell Technology, Inc. common stock. The offering aggregates $13,477,000 of face amount with a $1,000 face amount per note and an original issue price equal to face amount.
Coupons of up to $75 per observation may pay only if the underlier closes at or above 65% of the initial level. If not called and the final underlier level is below the 65% buffer, maturity cash is determined using a 153.85% buffer rate; investors could lose their entire investment. Trade date is May 1, 2026, stated maturity is May 20, 2027.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non-interest-bearing notes linked to a weighted basket of the S&P 500® Futures Excess Return Index (70%), MSCI EAFE Index (20%) and 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 automatic call observation date expected on May 26, 2027 (call payment expected June 1, 2027), and an expected stated maturity date of May 22, 2031.
If the basket closing level on the call observation date is greater than or equal to the initial basket level (100), the notes will be automatically called and pay $1,150 per $1,000 face amount. If not called, the cash settlement at maturity depends on the basket return: a positive return pays principal plus 225% upside participation, a return between 0% and -30% returns $1,000, and a decline below -30% results in a loss proportional to the basket return (potentially a total loss of principal). The estimated model value on the trade date is between $885 and $935 per $1,000 face amount. Credit risk of the issuer/guarantor and futures-specific risks (including negative roll yield and currency/ex‑US market risks) apply.
GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement at maturity tied to the S&P 500® performance from the trade date to the determination date.
The structure provides a 15% buffer (buffer level 85% of the initial underlier) and caps upside at a $1,275 cash settlement per $1,000 face amount. If the final underlier level falls below the buffer level, investors lose on a 1:1 basis beyond the buffer; substantial principal loss is possible. Key dates include trade date May 19, 2026, original issue date May 22, 2026, determination date May 19, 2028, and stated maturity date May 24, 2028.
GS Finance Corp. offers principal-protected-notes‑style instruments linked to EQT Corporation stock with a stated maturity of May 20, 2027. The notes pay contingent coupons (based on a $37.75 multiplier per observation schedule) if the index stock closes at or above 70% of the initial index stock price on coupon observation dates. The initial index stock price is $58.66; call and coupon observation dates are Aug 17, 2026, Nov 16, 2026, Feb 16, 2027 and May 17, 2027. The notes will be automatically called if the index stock on any call observation date is >= $58.66. Aggregate face amount on original issue date is $6,277,000. The estimated value at pricing was approximately $983 per $1,000 face amount; original issue price was 100% with a 1% underwriting discount.
GS Finance Corp. is offering structured notes linked to Micron Technology common stock under a pricing supplement. The offering shows an aggregate face amount of $398,000 with an original issue price equal to face amount and a 1% underwriting discount. Each $1,000 note pays no interest and returns a cash settlement at maturity based on Micron's performance from April 27, 2026 to the determination date. If the final underlier level is ≥ the trigger buffer level of 50% of the initial level, the note pays a capped $1,568 maximum settlement per $1,000 face amount. If the final underlier level is below that buffer, holders lose 1% of face amount for each 1% decline below the initial level and could lose their entire investment.
The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk. Secondary-market liquidity is not assured and tax treatment is described as uncertain.
The offered notes are principal‑at‑risk, autocallable cash‑settled notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Palo Alto Networks, Inc. (the underlier). For each $1,000 face amount, an automatic call on the call payment date pays $1,189 if the underlier closing level on the call observation date is greater than or equal to the initial underlier level. If not called, the cash settlement at maturity depends on the final underlier level and the 150% upside participation rate, a 65% trigger buffer and the initial underlier level of $181.08. The notes pay no interest, carry issuer and guarantor credit risk, and can result in the loss of your entire investment if the final underlier level is below the trigger buffer. Trade date: May 1, 2026; original issue date: May 6, 2026; stated maturity: May 4, 2029.
GS Finance Corp. offers structured, principal-at-risk notes linked to Synopsys and Snowflake. The notes pay no interest and mature on June 4, 2027. The cash settlement per $1,000 face is determined by the lesser performing index stock from an initial price set on April 30, 2026 to the determination date (June 1, 2027). If each final price is ≥55% of its initial price, holders receive the $1,196.5 maximum settlement per $1,000; if any final price is <55% the payout declines with a 181.82% buffer rate and losses can reach the entire investment. The aggregate original face amount was $750,000 and the original issue price was 100% of face amount with a 1% underwriting discount.
GS Finance Corp. is offering structured, medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $9,939,000 of notes with a $1,000 face amount per note. The notes pay a contingent monthly coupon of $9.584 per $1,000 (0.9584% monthly, potential for ~11.50% per annum) only if each underlier is at or above its coupon trigger level (70% of its initial level) on each coupon observation date.
Notes are subject to an automatic call if, on any call observation date, each underlier closes at or above its initial level; in that event holders receive $1,000 plus any coupon then due. If not called, the maturity payment depends solely on the lesser performing underlier on the determination date: if that underlier is below its trigger buffer level (60% of initial), principal is reduced pro rata and you could lose your entire investment. Trade date is May 1, 2026, original issue date May 6, 2026, and stated maturity is May 6, 2031.
GS Finance Corp. offers principal-protected contingent notes linked to an 8-stock equally weighted basket, with The Goldman Sachs Group, Inc. as guarantor. The notes mature on May 4, 2028 and include an automatic call if the basket closing level on the call observation date (May 14, 2027) is greater than or equal to the initial basket level, producing a fixed cash payment of $1,208 per $1,000 face amount on the call payment date. If not called, maturity payoffs depend on the basket return on the determination date (May 1, 2028): positive returns receive 125% participation, returns between 0% and -15% return principal, and returns below -15% apply a buffer-rate formula (buffer amount 15%, buffer level 85%). The aggregate face amount at original issue was $1,536,000; original issue price was 100% and underwriting discount was 1.5%. The estimated value at pricing was approximately $955 per $1,000 face amount, reflecting fees and embedded option costs. These notes do not bear interest, do not confer shareholder rights in the basket stocks, and are subject to issuer and guarantor credit risk and calculation-agent discretion.
GS Finance Corp. priced $6,118,000 of contingent income auto-callable securities linked to Alphabet Inc. Class A common stock. The securities mature on May 4, 2029 (determination date May 1, 2029) and pay contingent quarterly coupons of $28.00 per $1,000 principal when the closing stock price on a coupon observation date is at or above a downside threshold of $250.6985 (65.00% of the initial share price of $385.69).
If the securities are automatically called on a call observation date when the closing price is at or above the initial share price, holders receive principal plus the then-due coupon. If not called and the final share price is below the downside threshold, payment at maturity equals $1,000 multiplied by the share performance factor (final/initial), exposing holders to loss up to the full principal. The estimated value at pricing was $973 per security; original issue price was 100% with a 2.25% underwriting discount.
GS Finance Corp. is offering medium-term, equity-linked notes (Series F) linked to the common stock of NVIDIA Corporation with a stated maturity of July 7, 2027. Each security has a $1,000 face amount and pays at maturity a cash amount tied to the change in NVIDIA's closing price on the calculation day (July 1, 2027), subject to a 15% buffer and a 30.00% maximum return. If NVIDIA rises, investors receive 150% of the upside up to a $300 cap per $1,000; if the stock falls more than 15%, investors absorb 1-to-1 losses and may lose up to 85% of face amount. The estimated model value at pricing was $968 per $1,000 face amount; original offering price is $1,000 per security. Payments are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk.