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 autocallable contingent coupon index-linked notes due July 2031, linked to the Russell 2000 Index and the S&P 500 Index in $1,000 denominations.
The notes pay a quarterly contingent coupon of $25 per $1,000 (2.5% per quarter, up to 10.00% per year) only if, on each coupon observation date, both indices are at or above 70% of their initial levels; otherwise the coupon is zero.
On each call observation date from January 2027, if both indices are at or above their initial levels, the notes are automatically redeemed at $1,000 per note plus the coupon then due, with no further payments.
If the notes are not called, at maturity investors receive $1,000 per note only if both final index levels are at or above the 70% trigger buffer; if either index finishes below 70%, principal is reduced in line with the worse index’s return, potentially to zero, with no upside above par.
The documentation highlights that the estimated economic value is lower than the issue price due to underwriting and structuring costs, secondary market prices may be volatile and discounted, payments depend on the unsecured credit of GS Finance Corp. and its parent, investors have no rights in any index constituents, and U.S. tax treatment as an income-bearing pre-paid derivative contract is uncertain, including possible withholding for non-U.S. holders and FATCA implications.
GS Finance Corp. is issuing $15,356,220 of Trigger Autocallable Contingent Yield Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the least performing of the Russell 2000® Index and the S&P 500® Index.
Investors may receive a quarterly contingent coupon of $0.20075 per $10 face amount (up to 8.03% per annum) only when the closing level of each index on the observation date is at or above its coupon barrier, set at 70% of its initial level. Starting in January 2027, the notes are automatically called if both indices are at or above their initial levels, returning $10 per $10 of face amount plus the coupon then due.
If not called, and on the July 2029 determination date both indices are at or above 70% of their initial levels, investors receive principal plus the final coupon. If any index finishes below its 70% downside threshold, principal is reduced one-for-one with the lesser-performing index return, and the final coupon is forfeited; a total loss of investment is possible. The notes are unsecured obligations of GS Finance Corp., subject to the credit risk of both the issuer and the guarantor. The issue price is 100% of face amount, including a 2.00% underwriting discount, for 98.00% net proceeds; the initial estimated value is approximately $9.81 per $10 face amount.
The Goldman Sachs Group, Inc. offers callable fixed-rate senior notes due July 21, 2031 under its Medium-Term Notes, Series N program. The notes pay a fixed coupon of 5.125% per annum from the original issue date, expected to be July 21, 2026, with semi-annual interest payments on January 21 and July 21; the first payment is expected on January 21, 2027.
Goldman Sachs may, at its option, redeem the notes in whole (but not in part) at 100% of principal plus accrued interest on any quarterly redemption date (January 21, April 21, July 21 or October 21) on or after July 21, 2028, with at least five business days’ notice. The notes are issued only in book-entry form through DTC and are not bank deposits, FDIC insured, or bank-guaranteed.
Interest is taxable as ordinary income for U.S. holders, and the notes are subject to FATCA withholding rules. Distribution is through Goldman Sachs & Co. LLC, which has a FINRA Rule 5121 conflict of interest. The notes are restricted from retail investors in the EEA and UK and are subject to offering and transfer limitations in Hong Kong, Singapore, Japan and Switzerland.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $44,126,770 of Trigger Callable Contingent Yield Notes due July 2029 linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the Nasdaq‑100 Index. The notes pay a quarterly contingent coupon of $0.325 per $10 face amount (up to 13% per annum) only if, on every trading day in the prior observation period, each index stays at or above its coupon barrier of 70% of its initial level; otherwise that quarter’s coupon is zero.
From October 2026 through April 2029, GS Finance Corp. may redeem the notes on any coupon payment date at 100% of face value plus any due coupon. At maturity, if not redeemed and each index is at or above its downside threshold of 60% of its initial level, investors receive full principal plus any final coupon. If any index finishes below its downside threshold, repayment is reduced in proportion to the decline of the lesser performing index, down to a possible total loss. All payments depend on the credit of GS Finance Corp. and the guarantor, and holders do not participate in index upside beyond contingent coupons.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the MSCI EAFE Index. These unsecured senior notes are part of the Medium-Term Notes, Series F program and are cash-settled at maturity.
For each $1,000 note, if the final underlier level is above the initial level, investors receive $1,000 plus 150% of the index gain, capped at a maximum settlement amount of $1,219. If the final level is at or above the 90% buffer level, investors receive full principal. Below the buffer level, principal is reduced 1% for each 1% decline, with hypothetical outcomes as low as 10.000% of face if the index falls to zero.
The notes pay no interest and provide no rights in the underlier stocks. Key risks include the credit risk of GS Finance Corp. and its parent guarantor, the estimated value being less than the original issue price, limited or no secondary market, foreign equity and currency exposure, and uncertain U.S. tax treatment, including potential implications under section 871(m) and FATCA.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured, auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest and are expected to mature on July 22, 2032, in $1,000 denominations.
The index uses E-mini S&P 500 futures with a 40% volatility target, up to 500% leverage and a 6% per annum daily decrement, so it can be more volatile than the underlying and will systematically lag an identical index without the decrement. The notes are automatically called if, on quarterly observation dates from January 2027, the index is at least 105% of its initial level, paying $1,000 plus a call premium (from 18.625% up to 214.1875%). If never called and the final index level is at least 105%, holders receive the capped maximum of $3,235 per $1,000. If the final level is between 60% and 105% of the initial level, principal is returned; below 60%, repayment falls one‑for‑one with the index, up to total loss.
The estimated value at pricing is expected to be between $885 and $925 per $1,000, less than the issue price, reflecting fees, structuring costs and model assumptions. Key risks include leverage magnifying losses, the constant decrement dragging returns even when the index is uninvested, complex rules based on signals that may not work, limited live history, futures and roll-yield effects, tax uncertainty, and full exposure to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. is offering S&P 500®-linked Medium-Term Notes, Series F, at $1,000 per security, guaranteed by The Goldman Sachs Group, Inc. The notes mature on November 26, 2027 and pay no periodic interest or dividends.
At maturity, investors receive: the face amount plus 100% of any S&P 500® gain, capped at a maximum return of at least 11.40% (at least $1,114 per $1,000); the face amount if the index has fallen by 15% or less; or reduced principal with 1‑to‑1 downside beyond the 15% buffer, with losses up to 85% of face amount.
All payments are subject to the credit risk of GS Finance Corp. and the guarantor. The estimated value on the pricing date is $925–$955 per $1,000, below the issue price, reflecting structuring and distribution costs, including an underwriting discount of up to 2.325% (about $23.25 per $1,000). The notes are not listed on an exchange and are designed to be held to maturity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering underlier-linked notes with a stated maturity date expected to be July 27, 2028. The notes pay no interest and return at maturity between a minimum of $950 and a maximum of $1,420 per $1,000 face amount, based on the lesser performance of the EURO STOXX 50 Index and the iShares MSCI EAFE ETF from a trade date expected to be July 24, 2026 to a determination date expected to be July 24, 2028.
If both underliers finish above their initial levels, holders participate 100% in the gain of the weaker underlier, capped at 142% of its initial level. If any underlier ends at or below its initial level, repayment equals the greater of $950 or $1,000 plus the lesser underlier’s percentage return, so a decline in the weaker market reduces principal.
The estimated value at pricing is $925–$955 per $1,000, below the issue price, reflecting dealer compensation and structuring costs; early secondary-market prices are expected to track this model value plus a temporary premium that amortizes to zero. All payments are unsecured and subject to the credit of GS Finance Corp. and the guarantee of The Goldman Sachs Group.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable buffered notes linked to the iShares Semiconductor ETF (SOXX). The notes pay no interest and are expected to mature on July 27, 2028, unless automatically called on the expected call observation date of July 30, 2027.
If on the call observation date the ETF is at or above its initial level, the notes are automatically redeemed for at least $1,300 per $1,000 face amount, capping further upside. If not called, at maturity investors receive 1.25× any positive ETF return, full principal back if the ETF is down up to 20%, and losses if it falls more than 20%, with losses increasing one-for-one beyond that buffer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor. The estimated value at pricing is $925–$955 per $1,000, below the 100% issue price, reflecting fees and hedging costs, including a 1.75% underwriting discount and net proceeds of 98.25% of face amount.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index under its Medium-Term Notes, Series F program. The notes can be automatically called annually from July 2027 through July 2032 if the index is at or above its initial level, paying back principal plus a fixed call premium for each year held. If the notes are not called, investors receive at maturity in July 2033 either principal plus 100% participation in any positive index return, or principal only if the index is flat or down. The index employs daily rebalancing, a 5% volatility control and a momentum risk control overlay, and is reduced by an annual 0.65% deduction and the effect of a federal funds rate excess-return structure, which can significantly limit upside. The issuer’s estimated value on the trade date is $850–$880 per $1,000 face amount, below the issue price, and the notes pay no periodic interest and carry the credit risk of both the issuer and the guarantor.