GOLDMAN SACHS GROUP INC (GS) SEC Filings, Aug 27, 2026

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and with a guarantee from The Goldman Sachs Group, Inc., is offering index-linked notes due around September 28, 2029, linked to the lesser performance of the Russell 2000® Index and the S&P 500® Index. The notes pay no interest and return at maturity depends solely on index levels on the determination date around September 25, 2029, not on any earlier levels.

If both index returns are zero or positive, investors receive the lesser index return multiplied by an upside participation rate of at least 100%. If any index has a negative return but both remain at or above 85% of their initial levels, the payoff uses the absolute value of the lesser loss ("buffered" symmetric return). If any index finishes below 85% of its initial level, principal is reduced one‑for‑one with the lesser-performing index beyond a 15% buffer, and a substantial loss of the $1,000 face amount per note is possible. The estimated value at pricing is expected to be $925–$965 per $1,000, reflecting fees, hedging and model-based discounts, and the notes are unsecured obligations subject to the credit risk of both GS Finance Corp and the guarantor.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering auto-callable, no-coupon notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on August 30, 2032, unless automatically called starting in August 2027 when the index closes at or above the initial level of 533.57, triggering repayment of principal plus a call premium.

If never called and the final index level on August 25, 2032 is at or above the initial level, holders receive the maximum settlement amount of $2,740.024 per $1,000. Principal is protected only down to a 40% index decline; below 60% of the initial level, losses are 1:1 and investors can lose their entire investment. The underlying index targets 40% volatility with up to 500% leverage and a 6% per annum daily decrement, which drags performance and can magnify losses. The aggregate face amount is $669,000, issued at 100% with 0.8% underwriting discount and 99.2% net proceeds. The estimated value at pricing is about $949 per $1,000, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering unsecured index-linked notes maturing on August 30, 2032, tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest and are subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc.

The notes may be automatically called quarterly starting February 25, 2027 if the index closing level is at or above the initial level of 533.57, paying per $1,000 face amount: $1,000 plus $1,000 times the applicable call premium (rising from 14.5002% to 171.5857%). If never called and the final index level on August 25, 2032 is at or above the initial level, holders receive the maximum settlement amount of $2,740.024 per $1,000, reflecting a maturity date premium of 174.0024%. If the final level is between 60% and 100% of the initial level, principal is returned; below 60%, repayment is fully exposed to index loss, up to a total loss of principal.

The index employs up to 500% leverage, a 40% volatility target, and a 6.0% per annum daily decrement, which drags on performance and ensures the index underperforms an otherwise identical index without a decrement. The estimated value of the notes on the trade date is approximately $951 per $1,000 face amount, versus a 100% issue price; gross underwriting discount is 0.8% and net proceeds are 99.2% of face amount on the original $1,061,000 aggregate offering.

Goldman Sachs Group Inc. (GS), through issuer GS Finance Corp., is offering $5,765,000 of Buffer Autocallable GEARS, unsecured notes linked to the S&P 500® Index and due in 2029, fully guaranteed by Goldman Sachs Group Inc.

The notes have a $10 denomination and an initial S&P 500 level of 7,677.28. They may be automatically called on September 1, 2027 if the index is at or above 100% of the initial level, paying $10 plus an 8.00% call return. If not called, at maturity investors get leveraged upside with 1.50x exposure to positive index returns. Principal is protected only down to a 90.00% downside threshold (a 10.00% buffer); below that, losses are 1% for every 1% further index decline, up to a 90% loss if the index goes to zero.

The notes pay no coupons, do not provide dividends, and all payments depend on the credit of GS Finance Corp. and Goldman Sachs Group Inc. The original issue price is 100% of face amount, including a 2.50% underwriting discount, while the estimated value is about $9.69 per $10, reflecting structuring and distribution costs and model-based pricing. Liquidity may be limited, and the tax treatment is complex and potentially subject to future IRS guidance.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering auto-callable, unsecured structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest and mature on August 30, 2032, unless automatically called starting February 2027.

The index uses up to 500% leverage, targets 40% volatility and applies a 6.0% per annum decrement, which is deducted daily and drags performance. The notes are automatically called if, on a call observation date, the index closes at least 95% of the initial level of 533.57, paying $1,000 plus a fixed call premium (rising from 12.1254% to 143.4839% over time) per $1,000 face amount.

If not called, at maturity investors receive: (i) the maximum settlement amount of $2,455.048 per $1,000 if the final index level is at least 95% of initial; (ii) full principal back if the index is down up to 40%; or (iii) a proportional loss if the index is down more than 40%, with the possibility of losing the entire investment. The initial issue price is 100% of face, but Goldman estimates the value at $951 per $1,000, reflecting fees and model assumptions. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering leveraged S&P 500 Futures Excess Return Index-Linked Notes due September 16, 2032 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and the maturity payment depends on the S&P 500 Futures Excess Return Index. For each $1,000 face amount, if the final index level is above the initial level, investors receive $1,000 plus 215% (or more) of the index gain. If the final level is between 60% and 100% of the initial level, investors receive only the $1,000 face amount. If the final level is below 60%, principal is exposed 1-for-1 to the full index loss, so investors can lose their entire investment.

The product tracks E-mini S&P 500 futures, not the S&P 500 Index itself, and is affected by futures-specific factors such as financing costs, contango and negative roll yield, which can depress returns even if the equity index is stable or rising. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on any exchange, may have limited or no secondary market, and carry uncertain and complex U.S. tax treatment, characterized as a pre-paid derivative contract in the issuer’s view.

GOLDMAN SACHS GROUP INC (GS), as guarantor for GS Finance Corp., is offering unsecured, unsubordinated Medium-Term Notes, Series F, linked to the S&P 500® Index. The notes are scheduled to trade from a August 31, 2026 trade date to a September 6, 2028 stated maturity date and pay no periodic interest.

At maturity, each $1,000 note pays cash based on index performance: full participation in index gains up to a maximum upside settlement amount of $1,227.50, and a 15% “buffer” on losses. If the index is down up to 15%, the payoff increases by the same percentage; if it is down more than 15%, investors lose 1% of face for each 1% decline beyond the 15% buffer, potentially receiving as little as 15% of face.

The notes are subject to the credit risk of GS Finance Corp. and Goldman Sachs, will not be listed on an exchange, and may have limited or no secondary market. The estimated value on the trade date is lower than the original issue price, and the U.S. federal income tax treatment is uncertain, with the notes intended to be treated as a pre-paid derivative contract for tax purposes.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Nasdaq-100 Index®-linked buffered notes due September 6, 2028 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and provides equity-linked exposure to the Nasdaq-100 Index® from the August 31, 2026 trade date to the August 31, 2028 determination date.

At maturity, if the index is at or above its initial level, holders receive $1,000 plus the index return, capped at a maximum upside settlement amount of $1,297.50 per note. If the index is below the initial level but at or above 85% of it, holders receive $1,000 plus the absolute index return, up to the same cap. If the index closes below 85% of its initial level, principal is exposed 1-for-1 below that buffer and investors can lose a substantial portion of principal, down to as little as 15% of face value in extreme declines. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, are not listed, do not provide any rights in the underlying stocks, and their estimated value at pricing will be less than the issue price.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering S&P 500®-linked Medium-Term Notes, Series F, with an aggregate face amount of $1,575,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are issued at 100% of face amount, do not bear interest, and are not bank deposits or FDIC-insured.

At maturity on September 30, 2027, for each $1,000 face amount you receive: the maximum upside settlement amount of $1,062.50 if the S&P 500® final level is at or above the initial level of 7,677.28; if the index has fallen but remains at or above the 80% buffer level, you receive $1,000 plus the absolute underlier return; if it falls below the buffer, you lose 1% of face for every 1% decline below the buffer and could lose a substantial portion of principal. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on any exchange, may have limited or no secondary market, and are intended to be treated as contingent payment debt instruments for U.S. federal income tax purposes, with a comparable yield of 4.5442% and a projected payment at maturity of $1,050.97 per $1,000.