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.
The Goldman Sachs Group, Inc. is offering senior unsecured fixed rate notes due July 21, 2028 as part of its Medium-Term Notes, Series N program. The notes bear interest at 4.60% per annum, paid semi-annually on January 21 and July 21, beginning January 21, 2027.
The notes are issued in $1,000 denominations in U.S. dollars, will not be listed on any securities exchange, and settle through DTC in book-entry form. The offering is conducted through Goldman Sachs & Co. LLC as underwriter and may be followed by market-making transactions. Certain ERISA, tax (including FATCA), and regional selling restrictions in the EEA, UK, Hong Kong, Singapore, Japan and Switzerland apply.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital Equity-Linked Notes due 2028 linked to Micron Technology, Inc. common stock. Each note has a $1,000 face amount and does not bear interest.
At maturity, if Micron’s final stock level is at or above 60% of the initial level of $853.20, investors receive a capped maximum settlement of $1,675 per $1,000 face amount. If the final level is below 60% of the initial level, the payoff equals $1,000 plus $1,000 times the underlier return, so losses mirror Micron’s decline and can reach a 100% loss of principal. Upside beyond the cap does not increase returns.
The notes expose holders to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade below face value before maturity, may lack a liquid secondary market, and involve uncertain U.S. federal income tax treatment, which counsel characterizes as a pre-paid derivative contract on Micron stock.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Leveraged Callable S&P 500® Futures Excess Return Index-Linked Notes due on an expected stated maturity date of August 5, 2031. The notes pay no interest and are unsecured obligations subject to the credit risk of both entities.
Each note has a $1,000 face amount. If not redeemed early, the cash payment at maturity depends on the S&P 500® Futures Excess Return Index performance from the expected trade date of July 31, 2026 to the determination date, with a 235.5% upside participation rate when the final level is at or above the initial level. If the final level is below the initial but at or above 60% of the initial level, investors receive the absolute index return. If it falls below 60%, losses are one-for-one with the index return and investors can lose their entire principal.
The issuer may call the notes monthly at 100% of face plus a call premium, which starts at 20.0004% in August 2027 and rises to 98.3353% by July 2031, capping potential upside if redeemed. The estimated initial value is between $885 and $935 per $1,000, below the issue price due to fees, hedging and structuring costs. Investors do not own the futures or index constituents, are exposed to futures-specific risks such as negative roll yield, and face complex and uncertain U.S. tax treatment, including potential future rule changes and FATCA-related withholding.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER. The notes are expected to trade from July 17, 2026, be issued on July 22, 2026, and mature on July 22, 2032, unless automatically called earlier.
Holders may receive a monthly coupon of $15.542 per $1,000 (1.5542% monthly, up to ~18.65% per year) for any month in which the index closing level on the coupon observation date is at least 70% of the initial index level. The notes are automatically called, at par plus the coupon, if on any quarterly call observation date the index is at or above its initial level.
If not called, principal repayment depends on the final index level. A 50% trigger buffer applies: if the final level is at least 50% of the initial level, investors receive 100% of face (plus any final coupon). If it is below 50%, repayment is reduced one-for-one with the index decline, potentially causing a total loss of principal. No upside above par is paid if the index rises.
The index targets 40% volatility with up to 500% leverage and applies a 4.0% per annum daily decrement, which drags performance and can worsen losses. The issuer’s estimated value at pricing is expected between $885 and $925 per $1,000, below the 100% issue price, and investors are exposed to the unsecured credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Leveraged Buffered S&P 500 Futures Excess Return Index-Linked Notes due 2029 under its Medium-Term Notes, Series F program. The notes are linked to the S&P 500 Futures Excess Return Index, which tracks the nearest-maturity E-mini S&P 500 futures contract rather than the S&P 500 Index itself.
At maturity, for each $1,000 note, investors receive: (i) if the final underlier level is above the initial level, $1,000 plus 152% of the underlier gain; (ii) if the final level is between the initial level and the 80% buffer level, the face amount; (iii) if it falls below the buffer level, principal is reduced 1-for-1 with the index loss beyond the 20% buffer, so a substantial loss of principal is possible. The notes pay no interest and are cash-settled only.
Key risks include credit risk of GS Finance Corp. and the guarantor, potential large losses if the index declines below the buffer, secondary-market and pricing-model uncertainties, the structural drag from futures financing costs and negative roll yields, market disruption provisions, lack of rights in any futures or stocks, and uncertain U.S. tax treatment, including possible FATCA and section 871(m) considerations.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering digital equity-linked notes due 2028 linked to the common stock of Vistra Corp.. Each note has a $1,000 face amount and pays no interest.
Payment at maturity depends on the stock’s arithmetic-average closing level on five averaging dates in January 2028 versus the $152.56 initial underlier level set on July 16, 2026. If the final underlier level is at or above the trigger buffer level of 70% of the initial level, investors receive a fixed maximum settlement amount of $1,382 per $1,000 note. If the final level is below the trigger buffer level, the payoff equals $1,000 plus $1,000 times the underlier return, so losses match the stock’s percentage decline from the initial level and can reach 100% of principal.
The original issue price is 100% of face amount, with an underwriting discount of 1.25% and net proceeds to the issuer of 98.75% of face amount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and will not be listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $795,000 aggregate face amount of VanEck Gold Miners ETF-linked Medium-Term Notes, Series F. The notes have an initial underlier level of $74.00 for the VanEck Gold Miners ETF (GDX).
Investors may receive a contingent monthly coupon of $10.625 per $1,000 (1.0625% monthly, up to 12.75% per annum) only when GDX’s closing level on the observation date is at least 80% of the initial level. The notes are automatically called at par plus the coupon if, on any call observation date from July 15, 2027, GDX is at or above the initial level.
If not called, at maturity on July 18, 2031 investors receive par if the final level is at least the 75% buffer level. Below the buffer, principal is reduced using a 25% buffer and 100% buffer rate, with examples showing potential losses up to 75% of face value. The notes’ estimated value at pricing is less than the 100% issue price and they are subject to the credit risk of GS Finance Corp. and Goldman Sachs, as well as structural, market, concentration, foreign market, currency and tax risks.
The Goldman Sachs Group, Inc. is issuing $4,000,000 principal amount of Callable Fixed Rate Notes due July 17, 2030 under its Medium-Term Notes, Series N program. The notes pay fixed interest at 4.825% per annum from July 17, 2026, with annual interest payments each July 17, starting July 17, 2027.
The issuer may, at its option, redeem the notes in whole (but not in part) on any January 17, April 17, July 17 or October 17 on or after July 17, 2028 at 100% of principal plus accrued interest, upon at least five business days’ notice. There is no sinking fund and holders cannot require early repayment.
The initial price to the public is 100.00% of principal. Underwriters receive a 0.712% discount (total $28,480), resulting in gross proceeds before expenses of $3,971,520 to Goldman Sachs, which expects offering expenses of about $15,000. The notes are issued only in book-entry form through DTC, are unsecured obligations of The Goldman Sachs Group, Inc., are not bank deposits, and are not insured by the FDIC or any governmental agency.
The Goldman Sachs Group, Inc. is offering $9,000,000 of Callable Fixed Rate Notes due July 17, 2031 under its Medium-Term Notes, Series N program. The notes pay 5.00% annual interest from July 17, 2026, with interest paid each July 17, starting July 17, 2027.
Goldman Sachs may, at its option, redeem the notes in whole (but not in part) at 100% of principal plus accrued interest on any January 17, April 17, July 17 or October 17 on or after July 17, 2028, upon at least five business days’ notice. The notes are issued in book-entry form through DTC and are not bank deposits or FDIC insured.
The initial price to the public is 100% of principal. Underwriters receive a 0.933% discount, and Goldman Sachs expects gross proceeds of $8,916,030 before approximately $15,000 of offering expenses. The notes are subject to FATCA withholding rules and are offered only to eligible investors in specified jurisdictions, with distribution and marketing restrictions in the EEA, UK, Hong Kong, Singapore, Japan and Switzerland.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $25,242,540 of Buffer Autocallable GEARS linked to the S&P 500® Index, maturing in 2029, in $10 denominations. The notes are issued at 100% of face amount, with a 2.50% underwriting discount and 97.50% net proceeds to the issuer.
The structure offers upside gearing of 1.373 on positive index returns if held to maturity and not called, a 10.00% buffer and a downside threshold at 90.00% of the initial index level of 7,572.40. An autocall barrier at 100.00% of the initial level and a 9.00% call return can trigger automatic redemption in 2027. Investors receive no coupons and may lose up to 90.00% of principal; all payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value is $9.71 per $10 face amount at pricing.