Goldman Sachs Group Inc SEC Filings

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering leveraged, capped, callable principal-at-risk notes linked to the common stock of Blackstone Inc. The notes have a face amount of $1,000 each, original issue date June 23, 2026, and a stated maturity of June 23, 2034. The notes pay no interest and may be automatically called beginning on the first call observation date in September 2032 if the closing price of Blackstone Inc. meets specified call levels. At maturity the cash settlement is based on the final index stock price versus the initial index stock price of $125.01, with (i) a capped maximum settlement of $2,376 per $1,000 if final price ≥ 90% of the initial price, (ii) return of principal $1,000 if final price is between 60% and 90% of the initial price, and (iii) a proportional loss if final price < 60% (investors may lose all principal). Estimated model value at trade date was ~$972 per $1,000 face amount.

GS Finance Corp. is offering 433,600 units of Autocallable Participation Notes (aggregate principal $4,336,000) due June 26, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes were priced on June 17, 2026 with settlement on June 25, 2026 and carry an estimated value of $9.75 per $10 principal amount at pricing.

The notes pay no periodic interest and feature an automatic call on the Call Observation Date June 25, 2027 if the Observation Value is at least the Call Value ($208.99); the Call Payment equals $11.00 per unit. If not called, at maturity holders receive 1-to-1 upside and either (a) a positive return equal to the absolute decline if the Ending Value is between the Starting Value and the Threshold Value ($156.74, 75% of the Starting Value), or (b) full downside exposure below the Threshold Value, with up to 100% principal loss. Minimum initial purchase is $100,000.

GS Finance Corp. offers indexed, non‑interest bearing notes due September 22, 2027 linked to the common stock of Intuitive Surgical, Inc. The offering has an aggregate face amount of $338,000 on the original issue date and an initial index stock price of $402.18 (trade date June 17, 2026). At maturity the cash payment per $1,000 face amount depends on the index stock return from the trade date to the determination date (September 17, 2027), with a buffer equal to 30%, an upside cap at 117% (maximum settlement $1,170 per $1,000) and an estimated value on the trade date of approximately $974 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., anti‑dilution adjustments, possible market disruption rules, and discretionary determinations by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount. Payment at maturity depends on the S&P 500 performance from the trade date to the determination date: if the final level exceeds the initial level you receive $1,000 plus the indexed return subject to a maximum settlement amount of at least $1,453; if the final level is equal to or below the initial level you receive the $1,000 face amount. The notes pay no interest, are subject to issuer and guarantor credit risk, and are treated for U.S. federal income tax as contingent payment debt instruments with a required comparable yield accrual method. Trade date is June 30, 2026, original issue date July 6, 2026, determination date June 30, 2031, and stated maturity date July 3, 2031. The original issue price is 100% of face amount, underwriting discount is 2.5%, and net proceeds to issuer are 97.5% of face amount.

GS Finance Corp. is offering autocallable index-linked notes due June 23, 2031 (aggregate face amount $730,000) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on June 24, 2027 for $1,111 per $1,000 face amount if both the S&P 500® and Nasdaq-100® close at or above their initial levels, and otherwise pay at maturity an amount tied to the performance of the lesser performing index with a 200% upside participation rate, a 70% trigger buffer and potential for complete principal loss if the lesser performing index falls below its trigger buffer.

The issue price is 100% of face amount, underwriting discount is 0.75%, net proceeds 99.25%, and the estimated value on the trade date was approximately $974 per $1,000 face amount.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering structured notes linked to the VanEck Gold Miners ETF (GDX) and the State Street SPDR S&P Bank ETF (KBE). The notes have an expected trade date of July 2, 2026, an expected original issue date of July 7, 2026, and an expected stated maturity date of April 5, 2029. Monthly coupons of $9.875 per $1,000 (0.9875% monthly; up to 11.85% per annum) are payable only if the closing level of each ETF on an observation date is at least 70% of its initial level. The notes are automatically called if on any call observation date each ETF’s closing level is at or above its initial level, in which case holders receive principal plus the coupon. At maturity, if not called, the cash payment depends on the lesser performing ETF relative to buffer and trigger levels (buffer = 80%, coupon trigger = 70%), exposing holders to partial or total loss of principal if thresholds are breached. The estimated value at pricing is stated as $925–$955 per $1,000 face amount. Credit risk of the issuer and guarantor applies.

GS Finance Corp. priced Market Linked Notes due July 7, 2027 linked to the Class C common stock of Dell Technologies Inc.. Each $1,000 face amount security was offered at $1,000 with an estimated model value of approximately $954 per $1,000 on the pricing date. The notes pay no interest and provide either a capped positive payoff equal to a 40.00% contingent fixed return (maximum maturity payment $1,400) if the ending price is at or above the threshold (65% of the starting price), or 1-to-1 downside exposure to declines below the threshold, allowing losses of up to 100 of face amount. The starting price is $419.32, the calculation day is July 1, 2027, and the stated maturity date is July 7, 2027 (subject to postponement). Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so holders are exposed to the credit risk of those entities.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent, autocallable monthly‑coupon notes linked to the Nasdaq‑100 Technology Sector Index and the S&P 500® Index. The notes pay a contingent monthly coupon of $9.375 per $1,000 (0.9375% monthly, up to 11.25% per annum) when each underlier is at or above an 80% coupon trigger on observation dates. The notes are automatically called if each underlier equals or exceeds its initial level on any call observation date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier versus an 80% buffer; losses can be substantial and investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, cash-settled medium-term notes linked to the VanEck Gold Miners ETF with an aggregate face amount of $1,350,000. The notes may be automatically called on the call observation date and do not bear interest; returns depend on the underlier's performance and are subject to the issuer's and guarantor's credit risk.

The notes pay $1,240 per $1,000 if automatically called and otherwise deliver a cash settlement at maturity based on a 125% upside participation, a 75% buffer level and a buffer-rate formula; investors could lose their entire investment if the final underlier level falls sufficiently.