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 unsecured structured notes called Trigger Autocallable GEARS linked to the Invesco KBW Bank ETF (KBWB). The notes are issued in $10 denominations, with a minimum investment of $1,000, and may be automatically called early.
The notes are automatically redeemed on the August 2, 2027 call observation date if the ETF closes at or above 100.00% of its initial price, paying $11.55 per $10 face amount based on a 15.50% call return. If not called, and on the July 24, 2029 determination date the ETF is above its initial price, investors receive $10 plus the ETF return multiplied by an upside gearing set between 1.30 and 1.50. If the ETF is between 75.00% and 100.00% of its initial level, principal is repaid at $10.
If the ETF finishes below the 75.00% downside threshold, repayment falls one-for-one with the ETF’s loss, and investors can lose their entire investment. The notes pay no coupons and forgo ETF dividends. The estimated value is $8.90–$9.20 per $10, versus a 100% issue price, reflecting a 2.50% underwriting discount and structuring costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., plans to issue Performance Leveraged Upside Securities (PLUS) linked to an equally weighted basket of 10 U.S. and international stocks. The notes pay no interest, are unsecured and are not principal protected.
The initial basket value is 100. At maturity in August 2027, each $1,000 PLUS pays $1,000 plus 150% of any basket gain, capped at a maximum payment of at least $1,449.00 per PLUS (144.90% of principal). If the final basket value is at or below 100, the payoff equals $1,000 multiplied by the basket performance factor, so investors lose 1% of principal for each 1% basket decline, potentially down to zero. The notes will not be listed and do not provide dividends on the underlying stocks.
The estimated value at pricing is expected between $900 and $960 per $1,000, below the issue price because of underwriting, hedging and structuring costs, including a 1.50% underwriting discount and a $15.00 per PLUS selling concession, of which $5.00 is a structuring fee. Outcomes depend on basket performance and on the credit of GS Finance Corp. and its parent, and are subject to detailed market, tax and regulatory risks.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the Class A common stock of Meta Platforms, Inc., Amazon.com, Inc. common stock, Alphabet Inc. Class C capital stock, and NVIDIA Corporation common stock. Each note has a $1,000 face amount and is expected to trade from a July 22, 2026 trade date to a July 27, 2033 stated maturity, unless automatically called earlier.
On each monthly observation date, you receive a $6.25 coupon per $1,000 (0.625% monthly, up to 7.5% per annum) only if the closing price of each index stock is at least 60% of its initial price; otherwise the coupon is zero. Starting in July 2027, if on a quarterly call observation date the closing price of each stock is at least its initial price, the notes are automatically redeemed at $1,000 plus that month’s coupon.
If the notes are not called, at maturity you receive $1,000 per note plus any final coupon, with no downside payment linked to stock declines, but full exposure to the credit risk of the issuer and guarantor. The estimated economic value at pricing is between $885 and $925 per $1,000, below the 100% issue price, reflecting fees and dealer margins, and the notes will not be listed, so secondary liquidity and pricing may be limited.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon index-linked notes tied to the Russell 2000®, S&P 500®, and Nasdaq-100 Index®, maturing on the expected stated maturity date of January 22, 2029.
The notes pay a contingent coupon of $31.875 per $1,000 face amount (3.1875% quarterly, up to 12.75% per annum) only if on every trading day in the quarterly observation period each index stays at or above 70% of its initial level; otherwise the coupon is $0 for that period. Starting in October 2026, the notes are automatically called if on any call observation date each index is at or above its initial level, in which case holders receive $1,000 per note plus any due coupon.
If not called, at maturity investors receive any final coupon plus principal protection only if the final level of each index is at least 60% of its initial level. If any index finishes below this trigger buffer level (a decline worse than -40%), repayment of principal is reduced one-for-one with the lesser performing index return, down to a possible total loss, and no final coupon is paid. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The estimated value is expected to be between $925 and $955 per $1,000 face amount, less than the 100% issue price, reflecting structuring and distribution costs and Goldman Sachs & Co. LLC’s pricing models. The issuer expects to treat the notes as income-bearing pre-paid derivative contracts for U.S. federal income tax purposes, with coupons taxed as ordinary income and gain or loss at disposition treated as capital, though the tax outcome could change with future IRS or legislative actions.
GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Index, due January 3, 2028 and fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and provides 125% participation in positive index returns, capped at a maximum settlement amount of $1,202.50.
If the index falls by up to the 10% buffer, investors receive the $1,000 face amount; below the 90% buffer level, they lose 1% of principal for each additional 1% decline and can lose a substantial portion of their investment. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and may trade at values below the issue price, which initially exceeds the model-based estimated value. U.S. tax treatment is uncertain; counsel views the notes as pre-paid derivative contracts, and non-U.S. investors face section 871(m) and FATCA considerations.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged notes linked to the Nasdaq-100 Futures Excess Return™ Index, a futures-based index tied to E-mini Nasdaq-100 contracts rather than the Nasdaq-100 Index® itself. The notes pay no interest and are scheduled to mature on August 5, 2032, after a trade date expected on July 31, 2026.
At maturity, for each $1,000 note, investors receive: leveraged upside of at least a 191% participation rate if the index rises; full principal repayment if the index return is between 0% and -40%; and a one-for-one loss with the index if it falls by more than 40%, exposing investors to a potential total loss of principal. The estimated value at pricing is expected to be $885–$935 per $1,000, below issue price, reflecting fees and hedging costs. Payments depend on the credit of GS Finance Corp. and its guarantor, and performance may be affected by futures-specific risks such as negative roll yield, limited index history, and potential market disruptions.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes due July 26, 2029. Each note has a $1,000 face amount and an original issue price of 100% of face, with a 2% underwriting discount and 98% net proceeds to the issuer.
The notes reference the common stock of Broadcom Inc. and the Class A common stock of Coinbase Global, Inc. Monthly coupons are contingent: for each $1,000 of outstanding face, a coupon calculated using $23.667 per coupon observation date is paid only if the closing level of each underlier on that date is at least 60% of its initial level. Otherwise no coupon is paid for that period.
The notes are automatically called if, on any call observation date from October 21, 2026 through June 21, 2029, each underlier closes at or above its initial level, in which case investors receive $1,000 per note plus the applicable coupon. If not called, repayment at maturity depends solely on the lesser performing underlier. If its final level is at or above 60% of its initial level, investors receive full principal; if it is below 60%, principal is reduced in proportion to that underlier’s negative return, and investors could lose their entire investment. Payments are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and the U.S. federal income tax treatment is described as uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered S&P 500 Index-linked notes due February 3, 2028 under its Medium-Term Notes, Series F program. Each note has a $1,000 face amount and provides 125% participation in S&P 500 gains, subject to a maximum upside settlement amount of at least $1,190 per $1,000.
If the index ends between 90% and 100% of its initial level, holders receive the absolute value of the index loss as a positive return; below 90%, principal declines 1% for each 1% drop beyond the 10% buffer, with examples showing losses up to 90% of face. The notes pay no interest, may be worth less than the issue price in secondary trading, and expose investors to the credit risk of GS Finance Corp. and its parent. Tax treatment is uncertain and the notes are expected to be treated as pre-paid derivative contracts for U.S. federal income tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering equity-linked notes that pay no interest and are tied to an equally weighted basket of 11 large-cap stocks with an initial basket level of 100. Each note has a $1,000 face amount and may be automatically called on the call observation date in 2027 if the basket level is at least the initial level, in which case holders receive a fixed $1,220 per $1,000.
If not called, the maturity payment in 2029 depends on basket performance. For positive returns, investors receive $1,000 plus 200% of the basket gain. For returns between 0% and -30%, they receive $1,000 plus the absolute basket return, so a modest decline still produces a gain. Below the 70% trigger buffer level, losses are one-for-one with the basket, and investors can lose up to their entire principal. The estimated value at pricing is expected between $890 and $920 per $1,000, below the issue price, and investors bear the unsecured credit risk of GS Finance Corp. and its guarantor, with no dividends or shareholder rights in the underlying stocks.
Goldman Sachs & Co. LLC is offering securities linked to the S&P 500® Futures 40% VT Adaptive Response Index (USD) ER, a rules-based index that adjusts its exposure daily to the S&P 500® Futures Excess Return Index.
The index applies calendar-based and price-pattern signals, subject to a maximum exposure of 500% and a maximum daily change in leverage of 100%, and is rebalanced daily. It measures the performance of the nearest maturing quarterly E-mini S&P 500 futures contract in USD and launched on December 27, 2024, with back-tested history to January 4, 2000.
For the period ended June 30, 2026, the index shows a 1-year annualized return of 32.34% with annualized volatility of 40.71%, and an annualized return of 17.68% since January 4, 2021, with volatility of 42.05%. On June 30, 2026, index exposure to the S&P 500® Futures Excess Return Index was 308.37%. Performance before December 27, 2024 is based on hypothetical data from the index sponsor and is not an indication of future results. The securities are not bank deposits, are not insured by the FDIC or any governmental agency, and are not obligations of, or guaranteed by, a bank; neither the SEC nor any other regulator has approved or disapproved them.