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.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering leveraged notes due 2031 linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and are fully and unconditionally guaranteed by Goldman Sachs.
At maturity, for each $1,000 face amount, investors receive: (i) $1,000 plus 225% or more of any positive index return; (ii) $1,000 if the index decline is within a 30% trigger buffer (final level at or above 70% of the initial level); or (iii) $1,000 plus the full index return if the final level is below 70%, leading to one-for-one losses and potential total loss of principal. The product is subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed, and secondary market liquidity and pricing are uncertain. The estimated value at pricing is lower than the issue price, and tax treatment is uncertain, with the notes intended to be treated as pre-paid derivative contracts.
GOLDMAN SACHS GROUP INC (GS), as guarantor of GS Finance Corp., is offering index-linked Medium-Term Notes, Series F, with an aggregate face amount of $2,883,000, tied to the Goldman Sachs Momentum Builder® Focus ER Index. The notes may be automatically called annually if the index closes at or above 100.5% of the initial index level, paying $1,000 plus a scheduled call premium (starting at 8.80% of face in 2027 and rising to 52.80% by 2032) per $1,000.
If not called, at maturity in August 2033 investors receive for each $1,000 (i) $1,000 plus 100% of any positive index return, or (ii) $1,000 if the index is flat or down, providing principal repayment at maturity subject to issuer and guarantor credit risk. The initial index level is 114.10. The original issue price is 100% of face, with a 4% underwriting discount and 96% net proceeds to GS Finance Corp. The issuer’s estimated value is $897 per $1,000 at trade date, below issue price, reflecting structuring and distribution costs. The underlying index is a rules-based, volatility- and momentum-controlled multi-asset index calculated on an excess return basis with a 0.65% per annum deduction and frequent allocations to cash-like positions. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, requiring accrual of ordinary income based on a comparable yield of 5.36% per annum.
Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering auto-callable, index-linked Medium-Term Notes, Series F, with an aggregate face amount of $997,000, fully and unconditionally guaranteed by Goldman Sachs Group Inc. The notes reference the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index.
The notes pay no interest. Each quarter, they are automatically called if each underlier is at or above its initial level, paying $1,000 plus a call premium per $1,000, with scheduled premiums starting at 13.25% and rising to 36.4375%. If not called, at maturity investors receive: (i) $1,000 plus a 39.75% maturity premium if all underliers finish at or above initial levels; (ii) $1,000 if the worst underlier stays at or above 70% of its initial level; or (iii) $1,000 times the lesser performing underlier return if any underlier finishes below its 70% trigger buffer, which can result in a total loss of principal.
Upside is capped by the call and maturity premiums and depends solely on the worst underlier. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc., are not listed on any exchange, and their estimated value at pricing is less than the 100% issue price. Tax treatment is uncertain and expected to follow a pre-paid derivative contract characterization.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering S&P 500 Index-linked medium-term notes due August 31, 2029, fully and unconditionally guaranteed by Goldman Sachs. The notes return principal at maturity and provide equity-linked upside subject to a cap.
For each $1,000 note, if the S&P 500 final level on August 28, 2029 is above the initial level, the payoff equals $1,000 plus the index return, capped at a maximum settlement amount of $1,230 (123% of face). If the index is flat or down, investors receive only the $1,000 face amount. The notes pay no periodic interest, are unsecured obligations subject to the credit risk of GS Finance Corp and The Goldman Sachs Group, Inc., and will not be listed on an exchange.
The original issue price is 100% of face; underwriters receive a 1.6% discount, so net proceeds to the issuer are 98.4% of face. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, requiring holders generally to accrue taxable ordinary income over the term based on a “comparable yield,” even though cash is only received at maturity.
GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering basket-linked notes due August 30, 2028 with a total face amount of $275,000, linked equally to the EURO STOXX 50® Index, Nikkei 225 and S&P 500® Index. The notes pay no interest and are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
At maturity, for each $1,000 face amount, investors receive: (i) if the final basket level is greater than or equal to 113.3% of the initial basket level, a capped payment of $1,133; (ii) if the final basket level is between 105% and 113.3%, $1,000 plus 100% of the basket’s positive return; or (iii) if the final basket level is at or below 105%, a minimum of $1,050. Performance is measured from the trade date (August 25, 2026) to the determination date (August 25, 2028).
The original issue price is 100% of face amount, with an underwriting discount of 0.55% and net proceeds to the issuer of 99.45%. The estimated value at pricing is approximately $987 per $1,000, reflecting structuring costs and dealer margin. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may have limited secondary liquidity, and are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of ordinary income based on a 4.70% comparable yield.
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.