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 notes with a $550,000 aggregate face amount that pay no periodic interest and return depends on the Goldman Sachs Momentum Builder® Focus ER Index from July 8, 2026 to July 8, 2031. For each $1,000 face amount held to July 11, 2031, investors receive either a capped maximum of $1,592 if the final index level is at or above the initial level of 113.61, or exactly $1,000 if the index is lower, providing principal repayment at maturity but no upside beyond the cap.
The index is a rules-based, volatility- and momentum-controlled strategy invested in futures-based equity, fixed income, commodity indices and a money market position, calculated on an excess return over the federal funds rate basis and reduced by a 0.65% per annum deduction. A large portion of exposure may be in non-interest-bearing cash, which, together with the excess-return and fee structure, can materially reduce index performance.
The original issue price is 100% of face amount, with a 1.375% underwriting discount and 98.625% net proceeds to the issuer. The estimated value at pricing is approximately $930 per $1,000, reflecting structuring and distribution costs. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. and the notes are treated as contingent payment debt instruments for U.S. tax purposes.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering medium-term structured notes with an aggregate face amount of $2,500,000 linked to Amazon.com, Meta Platforms Class A, and Microsoft common stock. The notes have an automatic call; if on the call observation date each underlier is at or above its initial level, they are redeemed early and investors receive $1,607.50 per $1,000 face amount on the call payment date.
If not called, payment at maturity depends solely on the lesser performing underlier. Investors participate at a 200% upside rate when all underliers finish above their initial levels. Principal is protected only down to a 60% trigger buffer level for each underlier; if any final level falls below its trigger buffer, repayment is reduced in line with that underlier’s negative return, and investors can lose their entire investment. The notes pay no interest, are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade below issue price due to fees and market factors, and have uncertain and complex U.S. federal tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing Medium-Term Notes, Series F with an aggregate face amount of $640,000 linked to Amazon.com, Inc., Microsoft Corporation and NVIDIA Corporation. Each note has a $1,000 face amount and pays a contingent monthly coupon of $7.50 (0.75% monthly, up to 9.00% per annum) only if, on the related observation date, the closing level of each underlier is at or above 80% of its initial level. The notes are subject to an automatic call starting on coupon observation dates from July 8, 2027 through June 9, 2031 if each underlier is at or above its initial level; in that case, investors receive $1,000 per note plus the coupon then due. If not called, payment at maturity on July 11, 2031 is $1,000 per note plus any final coupon, with no upside participation in underlier performance. Initial underlier levels are $243.62 (Amazon), $383.34 (Microsoft) and $204.12 (NVIDIA). The estimated value is $952 per $1,000 face amount, below the original issue price, reflecting underwriting and structuring costs and an additional amount of $11.75 that amortizes to zero by October 7, 2026. Key risks include the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the possibility of receiving no coupons, limited return to face amount even if underliers rise, potential illiquidity and uncertain, complex U.S. tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering up to $5,400,000 of unsecured structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay conditional monthly coupons and return of principal based on the index’s level, and expose investors to the issuer’s and guarantor’s credit risk.
The notes mature on July 11, 2031, but can be automatically called on monthly observation dates from July 2027 through June 2031 if the index closes at or above the initial level of 503.58. When called, holders receive $1,000 per note plus the accrued coupon. Coupons accrue at $11.667 per $1,000 (1.1667% monthly, up to about 14% per year) on each observation date where the index is at least 62.5% of its initial level; no coupon is paid for months below that threshold.
If the notes are not called, principal at maturity depends on the final index level. A 50% downside buffer applies: if the final level is at least 50% of the initial level, investors receive full face amount (plus any final coupon); below that, the payoff is fully exposed to index losses and investors can lose their entire investment. The underlier embeds up to 500% leverage and a daily 6% per annum decrement, which magnify losses and drag on performance. The estimated value on the trade date is approximately $945 per $1,000 face, below the 100% issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500-linked notes with a buffered downside and capped upside under its Medium-Term Notes, Series F program. The notes have a face amount of $1,000 per note, an aggregate face amount of $545,000, and mature on July 11, 2031, with no interim interest payments.
At maturity, if the S&P 500 final level exceeds the initial level of 7,482.71, the payoff increases one-for-one with the index up to a maximum settlement amount of $1,573 per $1,000 note. If the index falls but stays at or above the 80% buffer level, holders receive full principal. Below the buffer, principal is reduced in line with index losses beyond the 20% buffer, and investors could lose a substantial portion of their investment.
Key risks include issuer and guarantor credit risk, limited liquidity, market value sensitivity to many factors, a capped upside, no dividends or shareholder rights in S&P 500 stocks, and uncertain U.S. tax treatment as a pre-paid derivative contract.
GS Finance Corp. is offering callable S&P 500® index-linked notes, guaranteed by The Goldman Sachs Group, Inc., that pay no interest and are scheduled to mature on July 28, 2031, unless redeemed earlier. The notes are issued at 100% of face amount, with a 2.5% underwriting discount and 97.5% net proceeds to the issuer.
Goldman may redeem the notes quarterly from July 2027 through April 2031 at 100% of face amount plus a call premium (for example, at least 9.3% on July 28, 2027, rising to at least 44.175% by April 28, 2031). If not redeemed, investors receive at maturity either (i) $1,000 plus 100% of the positive S&P 500 index return, or (ii) $1,000 if the index return is zero or negative, providing principal repayment but no guaranteed return. The estimated value on the trade date is expected to be between $885 and $915 per $1,000 face amount, reflecting structural costs and issuer credit spreads.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes linked to the common stock of Blackstone Inc. These notes pay no interest and have a face amount of $500,000 in aggregate, issued in $1,000 denominations, maturing on July 11, 2034 unless automatically called starting in September 2031.
The initial Blackstone stock price is $123.42. The issuer will automatically redeem the notes in whole if, on a call observation date, Blackstone’s closing price is at or above the applicable call level, paying $1,000 plus a call premium per $1,000. If not called, at maturity investors receive: $2,360 per $1,000 if the final stock price is at least 90% of the initial price; $1,000 if it is between 60% and 90%; or a loss matching the full downside below 60%, up to losing the entire principal.
The structure caps upside through a maximum settlement amount of $2,360 per $1,000 and exposes holders to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is approximately $935 per $1,000 face amount, below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing leveraged buffered notes linked to the MSCI Emerging Markets Index, maturing on November 22, 2027. The notes pay no interest and repay an amount at maturity based on index performance from the July 17, 2026 trade date to the determination date.
For each $1,000 note, if the final index level is above the initial level, investors receive $1,000 plus 200% of the index gain, capped at a maximum settlement amount of $1,295.90. If the index falls but stays at or above 85% of its initial level (a 15% buffer), investors receive back the $1,000 face amount.
If the final level is below 85% of the initial level, principal is reduced 1-for-1 with index losses beyond the 15% buffer, so investors can lose a substantial portion of principal, down to 15% of face in the extreme example. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and are not listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing zero-coupon notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest, may be automatically called quarterly from July 2027 onward if the index is at least 90% of its initial level, and then return principal plus a fixed call premium.
If not called, the notes mature on an expected stated maturity date of July 22, 2032. At maturity, for each $1,000 face amount, holders receive the face amount if the final index level is at least 60% of the initial level, up to a maximum of $2,380.024. If the index falls more than 40%, repayment is reduced one-for-one with the index decline, down to zero.
The underlier uses up to 500% leverage, targets 40% volatility, and applies a daily 6.0% per annum decrement, which systematically drags performance versus a similar index without this feature. The issuer’s estimated value is between $885 and $925 per $1,000 face amount, below the original issue price, and the notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering MSCI EAFE Index-linked structured notes under its Medium-Term Notes, Series F program with an aggregate face amount of $3,768,000.
Each $1,000 note pays no interest and returns cash at maturity on July 13, 2028 based on the MSCI EAFE Index level from the July 8, 2026 trade date to the determination date. If the final index level is above the initial level of 3,090.86, investors earn 150% of the index return, capped at a maximum settlement of $1,287 per note. If the index falls up to the 15% buffer (down to 85% of the initial level), investors receive full principal; below the buffer, principal is reduced 1% for each additional 1% decline, and a substantial loss of principal is possible.
The notes do not provide dividends or shareholder rights in the underlier and are subject to the credit risk of both GS Finance Corp. and its parent. They are unlisted, may have limited liquidity, and their estimated value at pricing is lower than the 100% original issue price (with a 0.5% underwriting discount and 99.5% net proceeds), with additional risks from foreign markets, currency movements, and uncertain U.S. tax treatment.