Goldman Sachs Group Inc SEC Filings

Goldman Sachs Finance Corp has filed a prospectus supplement for Callable Contingent Coupon Index-Linked Notes, guaranteed by Goldman Sachs Group, due July 16, 2030. The notes are linked to the performance of the Russell 2000® Index and S&P 500® Index.

Key features include:

• Quarterly coupon payments of at least $19.125 (1.9125% quarterly, up to 7.65% annually) if both indices are above 55% of initial levels
• Company can redeem notes at 100% face value plus due coupon on payment dates between January 2026 and April 2030
• At maturity, if not redeemed: full principal return if both indices are above 55% of initial levels; otherwise, loss proportional to worst-performing index
• Estimated value at issuance: $885-$925 per $1,000 face amount

The notes carry significant market risk as investors could lose up to 45% of principal if either index falls below trigger levels. They are not FDIC insured and are subject to Goldman Sachs credit risk.

Goldman Sachs Group, Inc. (GS) is issuing $3,000,000 principal amount of senior, unsecured Callable Fixed Rate Notes due 24 June 2033 under its Medium-Term Notes, Series N shelf. The notes pay a fixed coupon of 5.30% per annum, with interest paid each 25 June beginning 25 June 2026 and at maturity. Denominations are $1,000 and multiples thereof, and the notes will clear through DTC in global form.

Call feature: GS may redeem the notes in whole on any 25 March, 25 June, 25 September or 25 December on or after 25 September 2026, at 100% of principal plus accrued interest, subject to at least five business days’ notice. Investors therefore bear reinvestment risk if the issuer exercises this option.

Pricing & distribution: Initial price to public is 100%; underwriting discount is 1.033%, resulting in net proceeds of $2,969,010 before expenses. Goldman Sachs & Co. LLC and InspereX LLC are joint underwriters, each taking $1.5 million. The notes are a new issue with no exchange listing; the underwriters may make a market but are not obligated to do so.

Settlement & form: Trade date 23 June 2025; settlement 25 June 2025 (T+2). The issue is governed by GS’s senior debt indenture (BNY Mellon trustee) and offers both full and covenant defeasance options.

Tax considerations: Interest is ordinary income to U.S. holders; gain/loss on disposition is generally capital. The notes are subject to FATCA withholding. They are not bank deposits, not FDIC-insured, and carry no sinking fund.

Given the small size of the offering relative to GS’s capital base, the transaction is routine funding activity and is not expected to materially affect the issuer’s credit profile.

Goldman Sachs announces a $3.111 billion fixed-rate notes offering due 2032 with a 4.65% annual interest rate. The notes will be issued on June 25, 2025, with semi-annual interest payments on June 25 and December 25, starting December 25, 2025.

Key offering details:

• Original issue price: 100% of principal amount
• Underwriting discount: 1%
• Net proceeds to issuer: 99%
• Denominations: $1,000 and integral multiples thereof
• Notes will not be listed on any securities exchange

The notes are part of Goldman's Medium-Term Notes, Series N program. They will be issued in book-entry form through DTC and are subject to both full and covenant defeasance. The securities are not bank deposits and are not FDIC insured. Distribution restrictions apply for retail investors in the European Economic Area and United Kingdom.

Goldman Sachs is offering $3.19 billion in Fixed Rate Notes due 2030 with the following key terms:

• Interest rate: 4.40% per annum, paid semi-annually in June and December
• Original issue date: June 25, 2025
• Maturity date: June 25, 2030
• Issue price: 100% of principal amount
• Net proceeds to issuer: 99.35% after 0.65% underwriting discount

The notes will be issued under the senior debt indenture with The Bank of New York Mellon as trustee. Key features include full and covenant defeasance options, 30/360 day count convention, and following unadjusted business day convention. The notes are not bank deposits, not FDIC insured, and will not be listed on any exchange. Important restrictions apply to sales in the EEA, UK, Hong Kong and Singapore markets, particularly regarding retail investors.

Goldman Sachs is offering $2 billion in Callable Fixed Rate Notes due 2037 with a 5.45% annual interest rate. The notes will be issued on June 25, 2025, with interest payments made annually on June 25, starting June 2026.

Key features include:

• Optional redemption by Goldman Sachs starting June 25, 2027, on quarterly dates at 100% of principal plus accrued interest
• Initial price to public: 100% with 2.1% underwriting discount
• Net proceeds to Goldman Sachs: $1.958 million before expenses
• Notes will be issued in book-entry form through DTC

The offering is jointly led by Goldman Sachs & Co. LLC and InspereX LLC, each underwriting $1 billion. The notes are not bank deposits and are not FDIC insured. They represent part of Goldman's Medium-Term Notes, Series N program and will trade under CUSIP: 38151FL43.

Goldman Sachs announced a $4.195 million offering of Callable Fixed Rate Notes due 2030 with a 5.05% annual interest rate. The notes will be issued on June 25, 2025, with maturity on June 25, 2030.

Key features include:

• Interest payments made annually on June 25, starting June 2026
• Callable by Goldman Sachs quarterly after June 25, 2026 at 100% of principal plus accrued interest
• Initial price to public: 100% ($4,195,000)
• Underwriting discount: 0.299% ($12,543.05)
• Net proceeds: 99.701% ($4,182,456.95)

The notes are not bank deposits, not FDIC insured, and will be issued in book-entry form through DTC. Goldman Sachs & Co. LLC and InspereX LLC are serving as underwriters, each handling approximately half of the offering. The notes represent a new issue with no established trading market.

Goldman Sachs is offering $2 billion in Callable Fixed Rate Notes due 2045, with a 6.00% annual interest rate. The notes will be issued on June 25, 2025, with interest payments made annually on June 25, beginning in 2026.

Key features include:

• Callable by Goldman Sachs starting June 25, 2028, at 100% of principal plus accrued interest
• Redemption dates occur quarterly (March 25, June 25, September 25, December 25)
• Initial price to public is 100% with 0.8% underwriting discount
• Notes will be issued in book-entry form through DTC

The notes are not bank deposits, not FDIC insured, and not guaranteed by any bank. Distribution is split equally between Goldman Sachs & Co. LLC and InspereX LLC, each underwriting $1 million. Interest will be taxable to U.S. holders as ordinary income, with gains/losses from disposition treated as capital gains/losses.

Goldman Sachs Group has announced a $3.035 million fixed rate notes offering due 2028 with key terms including:

• Interest rate: 4.20% per annum, paid semi-annually in June and December
• Original issue date: June 25, 2025
• Maturity date: June 26, 2028
• Notes priced at 100% of principal amount with 0.4% underwriting discount
• Denominations of $1,000 and integral multiples thereof

The notes will not be listed on any securities exchange and are not bank deposits or FDIC insured. They include full and covenant defeasance provisions. Goldman Sachs & Co. LLC will serve as calculation agent. The offering includes restrictions on sales to retail investors in the European Economic Area and United Kingdom. Trading will settle through DTC in book-entry form.

Goldman Sachs announced a $2.1 million fixed-rate notes offering due in 2035, with key terms including:

The notes will carry a 5.00% annual interest rate, with payments made annually on June 25, starting June 25, 2026, through maturity on June 25, 2035. The offering is priced at 100% of principal with a 1.095% underwriting discount, resulting in 98.905% net proceeds to Goldman Sachs.

• Original issue date: June 25, 2025
• Denominations: $1,000 and integral multiples thereof
• Notes will not be listed on any securities exchange
• Full and covenant defeasance options available

Important disclosures: The notes are not bank deposits, not FDIC insured, and not guaranteed by any governmental agency. The offering includes restrictions on sales to retail investors in the European Economic Area and United Kingdom. Goldman Sachs & Co. LLC will serve as the calculation agent.