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 $4,687,000 of Medium-Term Notes, Series F, linked to the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index. Each note has a $1,000 face amount.
The notes pay a contingent quarterly coupon of $25.375 per $1,000 (2.5375% quarterly, up to 10.15% per year) only if on each observation date all three underliers are at or above 75% of their initial levels. Otherwise, the coupon for that quarter is zero, and investors may receive no coupons over the life of the notes.
The notes are automatically called if on any call observation date all underliers are at or above their initial levels, in which case investors receive $1,000 per note plus the due coupon. If not called, and on the determination date any underlier finishes below its 75% trigger buffer, repayment of principal is reduced one-for-one with the “lesser performing” underlier, down to a total loss; an example shows an 81.000% loss if that index ends at 19.000% of its initial level.
Investors take on the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is lower than the 100% issue price, secondary market liquidity is uncertain, and U.S. tax treatment is complex, with the notes intended to be treated as income-bearing pre-paid derivative contracts.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $2,000,000 aggregate face amount of Medium-Term Notes, Series F linked to the State Street Technology Select Sector SPDR ETF (XLK). The notes are issued at 100% of face amount with no underwriting discount.
Each $1,000 note may pay a contingent quarterly coupon of $33.625 (3.3625%, up to 13.45% per year) when XLK’s closing level on the observation date is at least 75% of the $185.78 initial underlier level. The notes are automatically called at par plus any due coupon if XLK is at or above the initial level on specified call observation dates from July 2027 through April 2030. If not called, principal repayment on July 15, 2030 depends on XLK’s level on July 10, 2030: full principal is returned if the final level is at least 65% of the initial level; if it is lower, repayment equals $1,000 plus $1,000 times the underlier return, so investors can lose up to 100% of principal. The estimated value at pricing is less than the issue price, the notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, and they may have limited or no secondary market liquidity.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $11,299,000 of Medium‑Term Notes, Series F linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes pay a contingent monthly coupon of $9.792 per $1,000 (0.9792% monthly, up to approximately 11.75% per annum) only if on each observation date all three indices are at or above 70% of their initial levels.
The notes are subject to an automatic call on scheduled dates starting in January 2027 if all indices are at or above their initial levels; in that case investors receive $1,000 per note plus the due coupon, ending the investment early. If the notes are not called, at maturity investors receive full principal only if every index is at or above 60% of its initial level. Otherwise, repayment is reduced one‑for‑one with the worst‑performing index, and investors can lose up to 100% of principal.
The notes are unsecured obligations exposed to the credit risk of GS Finance Corp. and the guarantor. Coupons can be zero for the entire term, market value can be volatile and illiquid, tax treatment is uncertain, and the notes do not provide any ownership, dividend or voting rights in the underlying indices.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $1,636,000 aggregate face amount of EURO STOXX 50® Index-linked notes under its Medium-Term Notes, Series F program. Each note has a $1,000 face amount and an original issue price of 100% of face, with a 1% underwriting discount and 99% net proceeds to the issuer.
At maturity in July 2031, the cash payment per note depends on index performance. If the final index level exceeds the initial level, the payoff is enhanced by a 178% upside participation rate. If the index is flat or down by up to the 20% buffer amount (buffer level 80% of the initial level), investors receive full principal. Below the buffer level, principal is reduced 1-for-1 with index losses beyond 20%; for example, at 60% of the initial level, the cash settlement would be 80% of face. The notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent guarantor.
The notes are not bank deposits, are not insured by any governmental agency, will not be listed on an exchange, and any secondary market making by Goldman Sachs & Co. LLC is discretionary. Estimated value at pricing is below the issue price due to fees and structuring costs, market value may be volatile, and investors face additional risks from exposure to foreign equity markets and from uncertain U.S. tax treatment, including potential FATCA and section 871(m) considerations.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes linked to the VanEck Gold Miners ETF. Each $1,000 note can pay quarterly coupons only if the ETF closes at or above 80% of its initial level on the relevant observation date. The coupon formula adds at least $45 per qualifying observation, minus coupons already paid, so missed coupons are not made up and some investors may receive no income.
The notes can be automatically called starting in November 2026 if the ETF is at or above its initial level, returning $1,000 per note plus any due coupon, which caps upside at par even if the ETF rises sharply. If not called and the final ETF level is at or above 80% of the initial level, investors receive $1,000 at maturity; below that buffer, principal is reduced with a 125% downside participation, and losses can reach 100% of invested amount. Holders take on the credit risk of GS Finance Corp. and Goldman Sachs, lack any rights in the ETF, may face limited liquidity and secondary-market prices below the issue price, and are subject to complex U.S. tax treatment, including potential constructive ownership and FATCA considerations.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $7,608,000 of S&P 500® Index-linked Medium-Term Notes, Series F. The notes have an automatic call feature: if on July 12, 2027 the index closes at or above the initial level of 7,575.39, each $1,000 note is redeemed on July 15, 2027 for $1,080, capping the one-year return at 8%. The notes pay no periodic interest.
If not called, at maturity on July 15, 2031 you receive $1,000 per note if the index is at or below its initial level, and $1,000 plus 100% of any index gain if the index is higher. Principal is exposed to the credit risk of GS Finance Corp. and its guarantor, market value may be volatile, the notes will not be listed, and the original issue price of 100% exceeds the model-based estimated value. For U.S. tax purposes the notes are treated as contingent payment debt instruments with a comparable yield of 5.06% and a projected maturity payment of $1,288.40 per $1,000, causing annual ordinary income inclusions even though cash is generally paid only at call or maturity.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is issuing S&P 500®-linked auto-callable buffered notes with an aggregate face amount of $5,265,000. The notes have no periodic interest and expose holders to Goldman Sachs’ credit risk.
The notes may be automatically called on July 22, 2027, paying $1,092.50 per $1,000 if the S&P 500® closing level on the July 19, 2027 call observation date is at or above the initial level of 7,575.39. If not called, at July 13, 2028 maturity investors receive upside at a 200% participation rate when the index is above its initial level, full principal repayment between an 85% buffer level and the initial level, and lose principal one-for-one below the 15% buffer, down to 15% of face amount in extreme declines. The estimated value at pricing is lower than the issue price, secondary market liquidity is uncertain, and tax treatment as a pre-paid derivative is described as uncertain.
GS Finance Corp, guaranteed by The Goldman Sachs Group, Inc., is issuing auto-callable notes linked to the common stock of NVIDIA, an ADS of Taiwan Semiconductor Manufacturing Company, and Lumentum common stock.
The notes have a stated maturity on July 13, 2029 and an aggregate face amount of $480,000 (in $1,000 denominations, subject to increase). Investors may receive a “memory” coupon of $19.875 per $1,000 (1.9875% monthly, up to 23.85% per annum) on each monthly observation date if every stock closes at or above 50% of its initial price.
The notes are automatically called from July 2027 through June 2029 if each stock is at or above its initial price, returning principal plus the due coupon. If the notes are not called, principal repayment depends on final prices. If on the determination date all three stocks are below their initial prices and any is below 50% of its initial price, repayment is reduced in proportion to the worst-performing stock, and investors can lose most or all principal and receive no coupon.
The initial prices are $210.96 for NVIDIA, $434.11 for the TSM ADS, and $802.01 for Lumentum. Payments are unsecured obligations subject to the credit risk of GS Finance Corp and the guarantor. The estimated value is about $935 per $1,000 face, versus a 100% issue price, reflecting fees and hedging costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $2,485,000 of auto-callable contingent income notes linked to the common stock of Freeport-McMoRan Inc. Investors may receive quarterly coupons of $37.375 per $1,000 when the stock closes at or above 65% of its initial $61.52 level.
The notes can be called early at par plus coupon if the stock is at or above its initial level on specified observation dates. Principal is buffered only down to 65% of the initial level; below that, losses follow a leverage formula and can reach 100%. Upside is capped at return of principal, the estimated value at pricing is less than the issue price, payments depend on issuer and guarantor credit, secondary liquidity may be limited, and tax consequences are uncertain.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $4,799,000 of Medium-Term Notes, Series F, in the form of auto-callable notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. The notes pay a contingent monthly coupon of $11.042 per $1,000 face amount (1.1042% monthly, up to approximately 13.25% per annum) when each index closes at or above 70% of its initial level on the relevant observation date.
The notes may be automatically called, returning $1,000 per $1,000 face amount plus any due coupon, if on a call observation date each index is at or above its initial level. If not called, at maturity in July 2029 investors receive full principal only if each index is at or above 70% of its initial level; otherwise repayment is reduced according to the return of the worst-performing index, potentially to zero, so the entire investment can be lost. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., are sold at 100% of face amount with a 0.4% underwriting discount (99.6% net proceeds), are not bank deposits or FDIC insured, and will not be listed on any securities exchange.