The Goldman Sachs Group, Inc. files regulatory documents that cover operating results, material events, capital structure and corporate governance. Its 8-K filings document earnings releases, Regulation FD disclosures, debt and subordinated debt issuances under shelf registration statements, and changes involving directors or executive officers.
The filing record also identifies Goldman Sachs’ NYSE-listed common stock, preferred depositary shares, capital securities and medium-term notes issued by GS Finance Corp. Proxy materials disclose annual meeting matters, board governance, executive compensation and shareholder voting items, while registration-related exhibits document securities offerings and related terms.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes due July 29, 2032 linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF.
The notes pay a contingent monthly coupon of $22.5 per $1,000 face amount (2.25% per month, up to 27.00% per year) only if on each observation date all three underliers are at or above 75% of their initial levels. The notes are automatically called if, on any call observation date starting January 25, 2027, each underlier is at or above its initial level, in which case investors receive $1,000 per note plus the coupon then due.
If the notes are not called, principal repayment at maturity depends on the lesser performing underlier. If its final level is at least 60% of its initial level, investors receive full principal. If it is below 60%, repayment is reduced one-for-one with that underlier’s decline, and investors can lose their entire investment. Additional risks include the credit risk of the issuer and guarantor, potential absence of any coupons, secondary market and valuation uncertainties, concentration in technology and semiconductor sectors, foreign market and currency exposure, and uncertain U.S. tax treatment including possible application of constructive ownership rules.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the S&P 500® Index with an aggregate face amount of $1,084,000. The notes are issued at 100% of face amount, with an underwriting discount of 1.168%, resulting in net proceeds of 98.832% of face amount to the issuer.
The notes feature an automatic call on October 1, 2027 if, on the September 28, 2027 call observation date, the index closing level is at or above the initial level of 7,572.40. In that case, holders receive $1,120 per $1,000 face amount, capping return. If not called, payment at the July 2, 2029 maturity depends on the index: if the final level exceeds the initial, investors receive $1,000 plus 173% of the index gain; if the final level is between 80% and 100% of the initial, they receive $1,000; if it is below the 80% trigger buffer level, principal is reduced one-for-one with the index decline and can fall to zero, meaning investors may lose their entire investment.
The notes pay no interest, are subject to the credit risk of GS Finance Corp. and the guarantor, and may trade below issue price. The issuer states that the original issue price exceeds the model-based estimated value, that secondary market liquidity is not assured, and that U.S. tax treatment is uncertain, with the notes intended to be treated as pre-paid derivative contracts.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, market-linked notes due August 2, 2029, linked to an equally weighted basket of Advanced Micro Devices and Oracle common stock. These notes pay a monthly contingent coupon of at least $15.209 per $1,000 face amount (about 18.25% per annum) only when the basket closing level on a calculation day is at or above 80% of the starting level, with a memory feature that can repay previously missed coupons.
From January 2027 to June 2029, the notes are automatically called if the basket is at or above the starting level, returning face amount plus the applicable coupon(s). If not called, principal is protected only down to a 20% buffer: if the final basket level is below 80% of the starting level, investors lose principal 1‑for‑1 beyond the buffer, up to an 80% loss. Investors do not participate in any upside of the basket and receive no dividends, and all payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The initial estimated value is $890–$920 per $1,000, below the $1,000 offering price.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500®-linked Medium-Term Notes, Series F with an aggregate face amount of $1,025,000. The notes pay no interest and may be automatically called after one year if the S&P 500 closing level on the call observation date is at or above the initial level.
If automatically called, holders receive $1,086 per $1,000 face amount (108.6%), capping return. If not called, payment at maturity depends on index performance: investors participate 100% in upside above the initial level, receive full principal back if the final level is between 70% and 100% of the initial level, and lose principal on a 1:1 basis below a 30% buffer. For example, at 18% of the initial level, the payout would be 48% of face amount, a 52% loss for purchase at par.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, are not FDIC insured, will not be listed on any exchange, and may have limited or no secondary market. The original issue price exceeds the model-based estimated value, and market value can be affected by many factors, including underlier level, volatility, interest rates, and the issuer’s credit. Tax treatment is uncertain; counsel views the notes as a pre-paid derivative contract, but the IRS could assert a different treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering EURO STOXX 50®-linked structured notes with an aggregate face amount of $1,546,000. The notes have a trade date of July 15, 2026 and a stated maturity date of July 18, 2031, and bear no interest.
The notes may be automatically called on July 27, 2027 if the index on the call observation date is at or above the initial level of 6,265.58, in which case holders receive $1,197 per $1,000 face amount. If not called, maturity payment depends on index performance with a 125% upside participation rate, full principal protection only down to a 75% trigger buffer level, and 1:1 downside exposure below that level, so investors can lose their entire investment. Payments are subject to the credit risk of GS Finance Corp. and its parent, and the estimated value at issuance is less than the original issue price.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Index-linked medium-term notes with an aggregate face amount of $1,672,000. The notes are auto-callable on July 27, 2027 if the S&P 500 closing level on July 22, 2027 is at or above the initial level of 7,572.40, in which case holders receive a capped payment of $1,095 per $1,000 face amount.
If not called, the July 18, 2031 maturity payment depends on index performance. Above the initial level, investors receive 125% of the upside; between 75% and 100% of the initial level, they receive principal only; below 75%, losses match the index decline, down to a complete loss of principal. The notes pay no interest, have an original issue price of 100% of face, an underwriting discount of 2.5%, and expose investors to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., as well as structural, market, and tax uncertainties.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $4,015,000 of unsecured, basket-linked notes maturing on August 2, 2027. The notes pay no interest and the maturity payment depends on an equally weighted basket of four bank stocks: Bank of America, Capital One Financial, Morgan Stanley and Wells Fargo.
The initial basket level is 100, with a threshold level at 90%. If the final basket level is at or above 90% of the initial level, investors receive a capped maximum of $1,136 per $1,000 face amount. If the basket falls more than 10%, principal is reduced at a buffer rate of 111.11%, and investors can lose their entire investment. The notes’ initial estimated value is about $967 per $1,000, reflecting structuring and distribution costs, and repayment is subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $61,561,910 of Trigger Autocallable Contingent Yield Notes linked to NVIDIA Corporation common stock. Each $10 note pays a $0.2875 quarterly contingent coupon (up to 11.50% per annum) only when NVIDIA’s closing price on the observation date is at or above the coupon barrier.
The initial NVIDIA price is $212.50, and both the coupon barrier and downside threshold are set at 50.50% of that level. Starting in January 2027, the notes are automatically called if NVIDIA closes at or above the initial price on any quarterly observation date, returning face amount plus that period’s coupon.
If not called, and NVIDIA’s final price on July 16, 2029 is at or above the downside threshold, investors receive face amount plus the final coupon. If the final price is below the threshold, repayment is reduced one-for-one with the negative stock return and the final coupon is forfeited, so investors can lose all principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the estimated value on the trade date is $9.68 per $10 face amount, below the 100% issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term Autocallable Contingent Coupon Notes due 2031 linked to three underliers: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF.
Investors receive a monthly contingent coupon of $17.084 per $1,000 face amount (1.7084% monthly, approximately 20.50% per annum) only if, on each coupon observation date, the closing level of every underlier is at or above 60% of its initial level. The notes are subject to an automatic call if on any call observation date each underlier is at or above its initial level, in which case investors receive $1,000 per note plus the coupon then due and the notes terminate early.
If the notes are not called, the cash settlement at maturity in 2031 depends solely on the lesser performing underlier. If that underlier’s final level is at or above 60% of its initial level, investors receive $1,000 per note (plus any final coupon). If it is below 60%, repayment of principal is reduced one-for-one with its negative return, and up to 100% of principal can be lost. Payments are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The notes may trade below issue price, may have limited liquidity, and involve complex tax consequences.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index‑linked notes tied to the common stock of Lennox International Inc. The notes have an aggregate face amount of $575,000, priced at 100% of face, with a 2.5% underwriting discount and 97.5% net proceeds to the issuer on the original issue date of July 20, 2026.
The notes pay quarterly contingent coupons of up to 2.6875% per quarter (up to 10.75% per annum) only if the stock closes at or above 65% of the initial index stock price of $548.67 on the relevant observation date. They may be automatically called starting January 2027 if the stock is at or above the initial price, returning face value plus the due coupon. If held to maturity on July 19, 2029 and not called, principal is protected only down to a 35% downside buffer: if the final stock price is at or above 65% of the initial price, investors receive $1,000 per note plus any final coupon; below that level, repayment is reduced 1:1 with the stock decline, potentially to zero and with no coupon.
The estimated value at pricing is approximately $965 per $1,000 face amount, below the issue price, reflecting fees, hedging and structuring costs. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes will not be listed, so secondary market liquidity and resale prices may be limited.