GOLDMAN SACHS GROUP INC (GS) SEC Filings, Aug 24, 2026

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable S&P 500 Index-linked notes due October 9, 2029, as part of its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes have a $1,000 face amount, no periodic interest, and provide 100% participation in positive S&P 500 returns if held to maturity, subject to an automatic call feature. If on the September 30, 2027 call observation date the S&P 500 closing level is at or above the initial level, the notes are automatically redeemed on October 7, 2027 for at least $1,055 per $1,000 face amount, capping return at that level.

If not called, at maturity investors receive: $1,000 plus 100% of the S&P 500 upside if the final level exceeds the initial level, or $1,000 if the index is flat or down, meaning no downside below par but no dividends and no interim interest. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential secondary-market discounts versus the original issue price, treatment as contingent payment debt instruments for U.S. tax purposes, and they will not be listed on any securities exchange.

Goldman Sachs Group Inc. (GS), through issuer GS Finance Corp., is offering Callable S&P 500® Index-Linked Notes due August 25, 2031, guaranteed by Goldman Sachs Group Inc. The notes have a total face amount of $4,690,000, are issued at 100% of face, carry no interest, and are unsecured obligations subject to the credit risk of both the issuer and guarantor.

The notes provide 1:1 upside to the S&P 500® Index from the initial level of 7,641.16 on August 20, 2026 to the determination date on August 20, 2031. At maturity, holders receive $1,000 per note plus 100% of any positive index return, or $1,000 if the index return is zero or negative, so principal is protected if held to maturity and not called. GS Finance Corp. may redeem the notes in whole on specified quarterly call dates from August 25, 2027 through May 23, 2031 at $1,000 plus a fixed call premium (from 9.26% on the first call date up to 43.985% on the last).

The estimated value on the trade date is approximately $960 per $1,000 face amount, below the issue price due to underwriting discounts, fees, and hedging-related economics. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring holders generally to accrue ordinary income based on a comparable yield of 5.19% per year and a projected payment at maturity of $1,296.73 per $1,000 note, regardless of actual payments.

Goldman Sachs Group, Inc. (GS), through its subsidiary GS Finance Corp., is offering S&P 500® Index-Linked Notes due October 5, 2028 under its Medium-Term Notes, Series F program. The notes are linked to the S&P 500® Index and are fully and unconditionally guaranteed by Goldman Sachs Group, Inc.

For each $1,000 face amount held to maturity, investors receive: (i) if the final S&P 500® level is above the initial level, $1,000 × (1 + underlier return), capped at a maximum settlement amount of at least $1,155; or (ii) if the final level is at or below the initial level, only the $1,000 face amount. The notes pay no periodic interest and the return is entirely based on index performance between the trade date (September 30, 2026) and the determination date (October 2, 2028).

Selected risk disclosures note that the notes are subject to the credit risk of GS Finance Corp. and Goldman Sachs Group, Inc., may trade below face value before maturity, do not provide dividends or shareholder rights in S&P 500® companies, and their market value can be affected by equity market moves, volatility, interest rates, and issuer credit spreads. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of ordinary income over their term based on a "comparable yield" even though no cash is paid until maturity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering S&P 500® Index-linked Absolute Return Trigger Notes due October 5, 2028 under its Series F medium-term note program. The notes pay no interest and are fully and unconditionally guaranteed by Goldman Sachs.

The payoff depends on the S&P 500® level on the determination date, expected October 2, 2028. If the final index level stays within a band of 80% to 120% of the initial level (no barrier event), holders receive the face amount plus the absolute index return, capped so that total payment per $1,000 is between $1,000 and $1,200. If the index ends below 80% or above 120% of the initial level (a barrier event), investors receive a contingent minimum of at least $1,065 per $1,000, representing at least a 6.5% return, regardless of index performance.

The estimated value on the trade date is expected to be $925–$965 per $1,000 face amount, reflecting structuring and distribution costs and GS’s pricing model. The notes are unsecured obligations of GS Finance Corp, subject to the credit risk of both GS Finance Corp and The Goldman Sachs Group, Inc., will not be listed on an exchange, and may have limited secondary market liquidity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering leveraged buffered notes due October 5, 2028, linked to the S&P 500 Index under its Medium-Term Notes, Series F program. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

At maturity, for each $1,000 face amount, investors receive: if the S&P 500 final level is above its initial level, a leveraged payoff of 200% of the index gain, capped at a maximum settlement amount of at least $1,225; if the index is between 90% and 100% of its initial level, return of principal; and if it falls below 90%, a 1:1 loss beyond the 10% buffer, down to a minimum of 10% of principal in the extreme example.

The notes pay no interest, are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and will not be listed on an exchange. The estimated value at pricing will be lower than the issue price, secondary market liquidity is uncertain, and tax treatment is uncertain, with the notes expected to be treated as a pre-paid derivative contract for U.S. federal income tax purposes.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable index-linked notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Nasdaq-100 Index® and the S&P 500® Index and are issued at 100% of face amount without periodic interest.

The notes may be automatically called on September 30, 2027 if each index closes at or above its initial level, in which case investors receive at least $1,142.50 per $1,000 of face amount on October 7, 2027. If not called, the October 10, 2028 maturity payment depends solely on the lesser performing index, with a 200% upside participation rate on gains and full principal repayment so long as each index’s final level is at or above its 80% trigger buffer level. If any index ends below its trigger buffer level, repayment is reduced 1:1 with that index’s loss and investors may lose up to 100% of principal.

The issuer discloses that the model-based estimated value on the trade date is less than the original issue price due to underwriting discount, structuring and distribution costs, and internal pricing differences. The notes are subject to the credit risk of GS Finance Corp. and the guarantor, will not be listed on any exchange, may have limited or no secondary market, and involve uncertain U.S. federal income tax treatment, which counsel views as a pre-paid derivative contract on the underliers.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering auto-callable buffered notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $2,102,000. The notes are issued at 100% of face amount, with a 0.75% underwriting discount and 99.25% net proceeds to the issuer.

The notes pay no interest and may be automatically called on September 1, 2027 if the index on the August 27, 2027 call observation date is at or above the initial level 609.82, in which case holders receive $1,155 per $1,000 (115.5%). If not called, payment at maturity on August 25, 2031 provides 200% upside participation above the initial level, principal protection down to a buffer level of 80%, and losses beyond the 20% buffer, potentially resulting in substantial loss of principal. The payoff and secondary-market value are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the complex behavior of equity futures (including negative roll yield), and uncertain U.S. tax treatment, with the estimated value at pricing being less than the original issue price.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering a structured Medium-Term Note linked to the Nasdaq-100 Index, S&P 500 Index and VanEck Gold Miners ETF with an aggregate face amount of $400,000. Each note has a $1,000 face amount and pays a contingent monthly coupon of $12.25 (1.225%) only if on each observation date all three underliers are at or above 75% of their initial levels.

The notes have a 30% buffer: at maturity, if not earlier redeemed and each underlier’s final level is at or above 70% of its initial level, investors receive $1,000 per note plus any final coupon. If any underlier closes below 70%, principal is reduced according to the lesser-performing underlier’s return, with the payoff floored at 30% of face amount. There is no upside participation beyond par.

GS Finance Corp. may auto-call the notes at par plus coupon on any coupon payment date from August 2027 through July 2030. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., subject to their credit risk. The estimated value at pricing is lower than the 100% issue price, and the notes will not be listed; secondary market liquidity and pricing are uncertain. U.S. tax treatment is uncertain and may implicate Section 1260 constructive ownership and FATCA rules.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering leveraged buffered notes linked to the S&P 500® Index due July 5, 2029, under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and provide 200% upside participation in the S&P 500® return from the September 29, 2026 trade date to the June 29, 2029 determination date, but the payment at maturity is capped at a maximum settlement amount of at least $1,251.5 per $1,000 face amount. A 15% buffer applies: if the index decline is within 15%, investors receive full principal; if the final level falls below 85% of the initial level, principal is reduced 1-for-1 with index losses beyond the buffer, and investors may lose a substantial portion of their investment.

The notes are unsecured senior obligations of GS Finance Corp, subject to the credit risk of both the issuer and The Goldman Sachs Group, Inc., are not bank deposits, bear no FDIC insurance, and are not listed on any exchange. The estimated value on the trade date will be lower than the original issue price due to fees, costs and dealer compensation. Tax treatment is uncertain; the issuer intends to treat the notes as prepaid derivative contracts, and the notes are generally subject to FATCA rules.