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., fully guaranteed by The Goldman Sachs Group, Inc., is offering $392,000 aggregate face amount of auto-callable notes linked to the S&P 500 Futures Excess Return Index. The notes are issued at 100% of face amount, with a 0.6% underwriting discount and 99.4% net proceeds to the issuer.
The notes pay no interest and may be automatically called on July 27, 2027 if the underlier on the July 22, 2027 call observation date is at or above the initial level of 606.02. In that case, holders receive 116% of face value, or $1,160 per $1,000 note. If not called, at maturity on July 18, 2031 the cash payment per $1,000 equals: (i) $1,000 plus 235% of any positive underlier return; (ii) $1,000 if the final level is between the initial level and the 65% trigger buffer level; or (iii) $1,000 plus $1,000 times the underlier return if the final level is below the trigger, exposing investors to principal losses.
Investors bear the credit risk of GS Finance Corp. and the guarantor and may lose their entire investment. The estimated value on the trade date is less than the issue price, secondary market liquidity is uncertain, and the futures-based underlier can be adversely affected by financing costs, negative roll yield, market disruptions and complex U.S. tax treatment.
The Goldman Sachs Group, Inc. is offering $16,000,000 of Callable Fixed Rate Notes due July 17, 2031 under its Medium-Term Notes, Series N program. The notes pay fixed interest at 5.10% per annum from the original issue date of July 17, 2026, with annual interest payments each July 17, starting on July 17, 2027.
The notes are callable at Goldman Sachs’ option, in whole but not in part, on each January 17, April 17, July 17 and October 17 on or after July 17, 2027 at 100% of principal plus accrued interest, with at least five business days’ notice. The initial price to the public is 100% of principal; the underwriting discount is 0.851%, resulting in proceeds to Goldman Sachs of 99.149%, or $15,863,840, before approximately $15,000 of offering expenses.
Goldman Sachs & Co. LLC and InspereX LLC are underwriting the deal, each purchasing $8,000,000 principal amount. The notes are unsecured obligations of The Goldman Sachs Group, Inc., are not bank deposits, and are not insured by the FDIC or any governmental agency. FATCA withholding rules generally apply, and there are distribution and retail-investor restrictions in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, equity-linked notes tied to the common stock of Casey’s General Stores, Marathon Petroleum, and Howmet Aerospace. The notes pay no interest and are scheduled to mature on July 29, 2031, unless automatically called.
The notes are automatically redeemed on the call payment date for $1,105 per $1,000 face amount if, on the October 26, 2026 call observation date, each stock closes at or above 80% of its initial price. If not called, the cash settlement at maturity depends solely on the lesser performing stock. If each final price is at least 80% of its initial price, investors receive principal plus upside equal to 1.25 × (lesser-performing return + 20%). If any stock finishes below 80% but all are at or above the 70% buffer price, investors receive only principal. If any stock finishes below 70%, principal is reduced by about 1.4286% for every 1% the lesser performer falls below 70%, up to a total loss, and investors could lose their entire investment.
The estimated value on the trade date is expected to be $885–$935 per $1,000 face amount, reflecting underwriting discounts, structuring fees and hedging costs, and the notes are subject to the 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 bearish autocallable absolute return notes linked to the S&P 500® Index, maturing on a stated maturity date expected to be October 28, 2027, with trade and original issue dates expected to be July 24, 2026 and July 29, 2026.
The notes pay no interest. If a “redemption event” occurs on any call observation date (each trading day from but excluding the original issue date to but excluding the determination date) when the index closes at less than 80% of its initial level, the notes are automatically redeemed at par and the return is 0%.
If not called, at maturity investors receive for each $1,000 face amount: $1,057.50 if the index return is greater than or equal to 0% (a capped contingent return of 5.75%); $1,000 plus the absolute value of the negative index return (up to 20%) if the index return is between 0% and -20%; or $1,000 if the index return is below -20%. Upside is capped at 5.75% when the index is flat or up and at 20% when the index is down but not below 80% of its initial level.
The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount, reflecting underwriting and structuring costs and the issuer’s pricing models. The instruments are intended for investors who expect the S&P 500® level at maturity to be between 80% and 105.75% of its initial level and who accept the structural caps, automatic call risk, tax treatment as contingent payment debt instruments, and limited liquidity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Contingent Income Buffered Auto-Callable Securities linked to the Class A common stock of Vertiv Holdings Co, expected to mature on July 22, 2030. These unsecured notes put principal at risk.
Investors may receive a contingent quarterly coupon of at least $42.25 per $1,000 principal on observation dates when Vertiv’s share price is at or above the buffer price, with a memory feature for missed coupons. The securities can be automatically called if Vertiv’s stock is at or above the initial share price on specified call observation dates, returning principal plus the coupon then due, with no further payments.
At maturity, if not called, holders receive full principal plus the final coupon if the final share price is at or above the 50.00% buffer price. If it is below the buffer, the payoff is reduced by 2.00% of principal for every 1.00% decline beyond the 50% buffer via a downside factor of 2.00, and the coupon is not paid, so the investment can be fully lost. The estimated value is $905–$965 per $1,000, below the 100% issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes due 2027 linked to the common stock of Amazon.com, Inc. The notes pay a monthly contingent coupon of $9.25 per $1,000 (0.925%, up to 11.10% per annum) whenever Amazon’s closing level on the observation date is at least 68% of the initial level.
The notes may be automatically called beginning February 2027 if Amazon’s level is at or above the initial level on any call observation date, in which case investors receive $1,000 plus the due coupon. If not called, at maturity on September 3, 2027, investors receive $1,000 per note if the final level is at least 68% of the initial level; otherwise they are exposed 1-for-1 to Amazon’s decline and can lose their entire principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent, have an estimated value below the issue price, are not listed on any exchange, and feature complex and uncertain U.S. tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $782,000 aggregate face amount of auto-callable contingent coupon buffer notes linked to Dow Inc. common stock, maturing July 18, 2030. The notes pay fixed coupons of $25 per $1,000 (2.5% quarterly, up to 10% per annum) until maturity or automatic call.
The notes are automatically called, and redeemed at par plus coupon, if on any quarterly call observation date the Dow share price is at or above the initial price of $29.70. If not called, at maturity investors receive par if the final price is at least 50% of the initial price; below that “trigger buffer price” principal is reduced one-for-one with the stock decline, potentially to zero. Payments depend entirely on the credit of GS Finance Corp. and the guarantor. The estimated value is about $964 per $1,000 versus a 100% issue price, with a 3.1% underwriting discount and 96.9% net proceeds to the issuer.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Autocallable Equity-Linked Notes due 2029 linked to the common stock of Microsoft Corporation. The notes are issued at 100% of face amount, do not bear interest, and are unsecured obligations subject to the credit risk of both the issuer and guarantor.
The notes may be automatically called on August 5, 2027 if Microsoft’s closing level on the August 2, 2027 call observation date is at or above the initial level; in that case investors receive 120.0004% of face value ($1,200.004 per $1,000) and no further payments. If not called, at maturity on August 3, 2029 investors receive: upside exposure at a 100% participation rate if the final level is above the initial level; full principal repayment if the final level is between the initial level and the 57.75% trigger buffer level; and a 1:1 loss of principal with the underlier return if the final level is below the trigger, which can result in losing the entire investment. The estimated value determined by GS&Co.’s models is less than the issue price, secondary market liquidity is uncertain, tax treatment is complex, and the notes confer no shareholder rights in Microsoft.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $54,604,700 of Trigger Autocallable GEARS linked to an equally weighted basket of 29 large-cap technology and data‑infrastructure stocks. The notes are unsecured obligations, issued at 100% of face amount in $10 denominations, maturing on July 18, 2029 unless automatically called.
The initial basket level is 100.00, with an autocall barrier at 100% of that level on July 22, 2027. If the basket is at or above the barrier, investors receive $10 plus a 23.00% call return ($12.30 per $10) and the notes terminate. If not called, and on the determination date the basket is above the initial level, investors receive $10 plus 1.50× the positive basket return. If the basket ends between 75% and 100% of the initial level, principal is repaid at $10.
If the final basket level is below the 75% downside threshold, repayment is reduced one‑for‑one with the basket return, and investors can lose up to their entire investment. There are no coupons or dividends, secondary market liquidity may be limited, and all payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is about $9.14 per $10 face amount.
GS Finance Corp. is offering $41,389,400 in Trigger Autocallable GEARS, senior unsecured notes linked to the EURO STOXX 50® Index and guaranteed by The Goldman Sachs Group, Inc. The notes are issued at 100% of face amount, with a 2.50% underwriting discount and 97.50% net proceeds to the issuer.
The notes may be automatically called on July 22, 2027 if the index is at or above the autocall barrier of 100% of the 6,265.58 initial level, paying $10 plus an 18.00% call return per $10. If not called, at maturity on July 17, 2031 investors receive $10 plus leveraged upside at 1.61x index gains, full principal if the index is between 75% and 100% of the initial level, and a one-for-one loss below the 75.00% downside threshold, potentially losing the entire investment.
The securities pay no coupons, have a minimum purchase of $1,000, and all payments depend on the creditworthiness of GS Finance Corp. and the guarantor. The estimated value is about $9.59 per $10 face amount on the trade date, below the issue price, reflecting structuring and distribution costs.