GOLDMAN SACHS GROUP INC (GS) SEC Filings, Jul 14, 2026

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $442,000 of autocallable contingent coupon notes linked to the common stock of Broadcom Inc., Strategy Inc (formerly MicroStrategy Incorporated) and Palantir Technologies Inc. Initial stock prices are $399.97, $94.64 and $126.79, respectively. The notes pay contingent coupons of $22.417 per $1,000 (2.2417% monthly, up to approximately 26.9% per annum) on monthly observation dates if each stock closes at or above 50% of its initial price; otherwise the coupon for that month is $0. From July 2027 through June 2029, the notes are automatically called if on a call observation date each stock is at or above its initial price, returning face amount plus the applicable coupon.

If not called, the notes mature on July 13, 2029. Investors receive full principal back if either at least one stock is at or above its initial price, or all three are at or above 50% of initial. If all three finish below their initial prices and at least one is below 50%, repayment is reduced in proportion to the worst-performing stock, down to a total loss of principal, and no final coupon is paid when any stock is below 50%. The original issue price is 100% of face, with a 1.5% underwriting discount and 98.5% net proceeds to the issuer. The estimated value is only about $968 per $1,000 at pricing, and payments depend on the credit of GS Finance Corp. and its parent; the notes are unsecured, unsubordinated and not FDIC insured, and secondary market liquidity is uncertain.

GS Finance Corp. is offering S&P 500® Index-linked buffered notes with an aggregate face amount of $2,658,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are issued under the Medium-Term Notes, Series F program, pay no interest and are scheduled to mature on January 13, 2028, based on index performance from the July 10, 2026 trade date through the January 10, 2028 determination date.

For each $1,000 face amount, investors receive: if the final S&P 500 level is above the initial level, $1,000 plus the index return, capped at a maximum settlement amount of $1,195; if the final level is between 85% and 100% of the initial level, $1,000; if below 85%, losses equal 1% of principal for each 1% decline beyond the 15% buffer, with examples showing payoffs as low as 15% of face amount. The underwriting discount is 0.6% of face (net proceeds 99.4%), the estimated value is less than the original issue price, secondary market liquidity is uncertain, holders have only unsecured credit exposure to GS Finance Corp. and the guarantor, no rights in S&P 500 stocks, and U.S. tax treatment is described as a pre-paid derivative contract but remains uncertain.

GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is issuing Medium‑Term Notes, Series F linked to the common stock of Broadcom Inc. The notes have an aggregate face amount of $3,816,000, a trade date of July 10, 2026 and a stated maturity of July 13, 2028, unless automatically called.

Each $1,000 note can pay a contingent coupon that accrues at $37.5 per $1,000 for each coupon observation date on which Broadcom’s closing level is at least 55% of the initial underlier level of $399.97. No coupon is paid for periods when the stock is below this coupon trigger level, so total coupons may be zero.

At maturity, if the notes have not been called and the final underlier level is at least the 55% trigger buffer level, investors receive the full $1,000 per note (plus any final coupon); otherwise repayment is $1,000 + ($1,000 × underlier return), exposing investors to up to a 100% loss of principal. The notes are subject to the credit risk of GS Finance Corp. and its guarantor, and their estimated value on the trade date is less than the 100% original issue price because of underwriting discounts of 1.85% of face amount, offering expenses and dealer compensation.

GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $5,757,000 aggregate face amount of contingent coupon auto-callable buffered notes linked to GE Vernova Inc. common stock. Each $1,000 note pays a quarterly contingent coupon only if the underlier closes at or above 50% of its initial level on the relevant observation date; otherwise the coupon is $0, with the coupon amount based on $51.75 per observation date, cumulative.

The notes may be automatically called on specified dates if the underlier closes at or above its initial level, in which case investors receive $1,000 per note plus any due coupon. If not called, at maturity investors receive full principal only if the final underlier level is at least 50% of the initial level; below that, repayment equals the final underlier level percentage of face amount and can fall to $0. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential lack of liquidity, an initial estimated value below the issue price, no shareholder rights in GE Vernova, and uncertain U.S. tax treatment.

GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $321,000 of structured notes linked to the common stock of Advanced Micro Devices, Alphabet Class C and NVIDIA. Each $1,000 note can pay a contingent monthly coupon of $9.292 (0.9292%, up to approximately 11.15% per annum) when every underlier’s closing level is at least 75% of its initial level; otherwise the coupon is zero. The notes are automatically called at $1,000 per $1,000 face amount plus any due coupon if, on a call observation date, each underlier is at or above its initial level. If never called, investors receive $1,000 at maturity on July 15, 2031, plus a final coupon only if the trigger condition is met, with no participation in equity upside.

The issuer’s estimated value is $949 per $1,000, below the issue price, reflecting a 3.625% underwriting discount, selling concessions, hedging and structuring costs, including a $14.75 ‘additional amount’ amortizing to October 9, 2026. The notes are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may pay no coupons over their life, are not listed, and may have limited or illiquid secondary trading at prices below face value. U.S. federal income tax treatment is uncertain; the issuer intends to treat the notes as variable rate debt instruments, while also outlining possible contingent payment debt treatment.

GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $918,000 aggregate face amount of medium-term notes linked to Eli Lilly and Company common stock. The notes pay a contingent monthly coupon of $12.292 per $1,000 (1.2292% monthly, up to about 14.75% per year) when Eli Lilly’s share price on the relevant observation date is at or above 67% of the initial level of $1,188.58. The notes may be automatically called beginning in January 2027 if the stock closes at or above the initial level, in which case holders receive $1,000 per $1,000 face amount plus any due coupon.

If the notes are not called, investors receive at maturity on August 13, 2027 $1,000 per $1,000 face amount only when the final stock level is at or above the 67% trigger buffer level. Below that level, repayment is reduced in proportion to the stock’s decline and investors can lose their entire investment. Upside is capped at return of principal plus coupons, with no participation in stock gains above par. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The original issue price is 100% of face amount, including a 0.65% underwriting discount, so the initial estimated value is lower than the price paid.

GS Finance Corp. is offering $3,934,000 of S&P 500® Index-linked Medium-Term Notes, Series F, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes mature on July 28, 2027, based on a determination date of July 23, 2027, and are issued at 100% of face amount.

The notes pay no interest. At maturity, for each $1,000 note, if the S&P 500® final level is at or above the buffer level of 90% of the initial level of 7,575.39, holders receive the maximum settlement amount of $1,088 (108.800% of face amount). If the final level is below the buffer, the payoff is $1,000 + ($1,000 × buffer rate × (underlier return + 10%)), with a buffer rate of approximately 111.11%, so investors lose about 1.1111% of principal for every 1% the index falls below the buffer and can lose their entire investment.

The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. They are not listed on any exchange, may have limited or no secondary liquidity, and their estimated value on the trade date is less than the original issue price due to underwriting discounts, expenses and hedging-related amounts. Market value before maturity can be affected by S&P 500® levels and volatility, interest rates, time to maturity and changes in the perceived creditworthiness of the issuer and guarantor. U.S. federal tax treatment is uncertain; under the issuer-required approach, the notes are treated as pre-paid derivative contracts with capital gain or loss on sale, exchange or maturity.

GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is issuing S&P 500 Futures Excess Return Index-linked notes with an aggregate face amount of $4,285,000 under its Medium-Term Notes, Series F program.

The notes are tied to the S&P 500 Futures Excess Return Index, which tracks E-mini S&P 500 futures rather than the S&P 500 Index itself, so returns differ from holding the index or its stocks and are reduced by financing costs and potential negative roll yield. The payoff at maturity depends on index performance from July 10, 2026 to July 10, 2031: investors receive 197% of any positive index return; full principal back if the index decline is within the 20% buffer; and 1-for-1 principal losses beyond the 20% buffer, illustrated by a 40% payout of face amount if the index ends at 20% of its initial level and 20% if it falls to zero.

The notes bear no interest, are unsecured obligations maturing on July 15, 2031, and expose holders to the credit risk of GS Finance Corp. and its parent, potential illiquidity, market value sensitivity to rates, volatility and credit spreads, and uncertain U.S. tax treatment characterized as a prepaid derivative contract.

GS Finance Corp. is offering $5,130,000 aggregate face amount of auto-callable, contingent coupon notes linked to the common stock of Eli Lilly and Company, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an initial underlier level of $1,188.58.

The notes may pay a monthly contingent coupon of $10.292 per $1,000 (1.0292% monthly, up to approximately 12.35% per annum) only if Eli Lilly’s closing level on the observation date is at or above the coupon trigger level, set at 67% of the initial level. The same 67% level is the trigger buffer: at maturity, if the notes have not been called and the final underlier level is at or above this buffer, principal of $1,000 is repaid; if it is below, repayment is reduced one-for-one with the underlier decline, potentially to zero, so the entire investment can be lost.

The notes are automatically called at par plus any due coupon if on any call observation date the underlier closes at or above its initial level, which can shorten the investment term. The notes expose holders to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade below the original issue price (100% of face amount, less a 2.15% underwriting discount), are not listed on any exchange, provide no shareholder rights in Eli Lilly, and have uncertain U.S. federal income tax treatment, expected to be taxed as income-bearing pre-paid derivative contracts.