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. (GS) is offering $2,000,000 of three-year, index-linked notes tied to the Nasdaq-100, Russell 2000 and S&P 500. Investors receive a contingent monthly coupon of $10.625 per $1,000 face amount (1.0625% monthly, up to 12.75% per year) only when each index closes at or above 70% of its initial level on the observation date.
The notes are automatically called if, on any call observation date, all three indices are at or above their initial levels; in that case, investors receive $1,000 per note plus the due coupon, ending the investment early.
If the notes are not called, repayment at maturity depends solely on the worst-performing index. If its final level is at least 70% of its initial level, investors receive full principal. If it finishes below 70%, principal is reduced in line with that index’s loss, and investors could lose their entire investment. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and involve complex tax and market risks.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2035 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at a fixed rate of 4.90% per annum from the original issue date, expected to be December 16, 2025, until the expected stated maturity date of November 30, 2035. Interest is expected to be paid annually on each December 16 and on the stated maturity date, with the first interest payment expected on December 16, 2026.
Goldman Sachs may redeem the notes at its option, in whole but not in part, on specified quarterly redemption dates starting on June 16, 2027, at 100% of the outstanding principal amount plus accrued and unpaid interest. The notes will be issued in book-entry form through DTC and are not bank deposits, are not insured by the FDIC or any governmental agency, and have no sinking fund. The distribution is led by Goldman Sachs & Co. LLC and InspereX LLC, with sales subject to various selling restrictions in the EEA, UK, Hong Kong, Singapore, Japan and Switzerland.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering two separate series of buffered index-linked notes with a combined face amount of $5,331,000. One $699,000 note is linked to the EURO STOXX 50® Index and one $4,632,000 note is linked to the S&P 500® Futures Excess Return Index.
The notes pay no interest and mature on November 26, 2030. At maturity, for each $1,000 face amount, holders receive upside exposure if the linked index finishes above its initial level, with a 135% participation rate for the EURO STOXX 50® note and 149% for the S&P 500® futures note. Principal is protected only down to a 75% buffer level on the EURO STOXX 50® note and 80% on the S&P 500® futures note; below those levels, losses match index declines beyond the buffer and can be substantial.
The original issue price is 100% of face amount, with a 4.125% underwriting discount and 95.875% net proceeds to the issuer. The estimated values at pricing are $940 and $929 per $1,000, reflecting upfront costs and model-based pricing. Repayment is subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are unsecured, not FDIC insured and will not be listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering up to $3,125,000 of structured notes linked to the Class A common stock of The Trade Desk, Inc. The notes mature on November 26, 2027, unless redeemed early by the issuer at 100% of face amount plus any coupon, on monthly payment dates from May 2026 through October 2027.
For each $1,000 note, investors may receive a contingent monthly coupon of $22.50 (2.25%, up to 27% per year) if The Trade Desk’s share price on the observation date is at least 60% of the $39.65 initial price; otherwise the coupon is zero. At maturity, if the final stock price is at least 60% of the initial price, principal is repaid in full plus any final coupon. If the final price is between 50% and 60%, principal is repaid but no final coupon is paid. If the final price is below 50%, repayment is reduced one-for-one with the stock’s loss, and as little as 0% of face value may be returned.
The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, and carry full issuer and guarantor credit risk. The estimated value on the trade date is approximately $971 per $1,000 face amount, below the issue price due to structuring and selling costs.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $1,287,000 of buffered index-linked notes in two tranches tied to major U.S. equity indices. One note references the S&P 500® Index with a $738,000 aggregate face amount, 100% upside participation, a 15% downside buffer (buffer level 85% of the initial level 6,602.99) and a cap that limits the maximum payment to $1,490 per $1,000 at maturity. The second note references the Russell 2000® Index with a $549,000 face amount, 100% upside participation, the same 15% buffer (buffer level 85% of the initial level 2,369.587) and a higher cap of $1,621.5 per $1,000.
The notes pay no interest and return at least principal only if the final index level on the November 21, 2030 determination date is at or above the 85% buffer; below that, losses mirror index declines beyond the 15% buffer, so holders can lose a substantial portion of principal. Maturity is scheduled for November 26, 2030. The initial issue price is 100% of face, with a 4.125% underwriting discount and net proceeds of 95.875% to the issuer. Estimated values are $931 and $923 per $1,000, reflecting structuring and distribution costs, and secondary market liquidity and pricing are not assured. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are intended to be treated as pre-paid derivative contracts for U.S. federal income tax purposes.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2055 as part of its Medium-Term Notes, Series N. The notes are expected to pay fixed interest of 5.45% per annum from the original issue date, expected to be December 16, 2025, to the stated maturity date, expected to be December 16, 2055. Interest is expected to be paid once a year on December 16, with the first payment expected on December 16, 2026.
Goldman Sachs may, at its option, redeem the notes early, in whole but not in part, on each March 16, June 16, September 16 and December 16 on or after December 16, 2030, at 100% of the outstanding principal amount plus accrued and unpaid interest to but excluding the redemption date. The notes will be issued in book-entry form through DTC and will not benefit from any sinking fund. They are unsecured obligations of The Goldman Sachs Group, Inc., are not bank deposits, and are not insured by the FDIC or any governmental agency.
The Goldman Sachs Group, Inc. (GS) is offering callable fixed rate notes due 2030 as part of its Medium-Term Notes, Series N. The notes are expected to pay interest at a fixed rate of 4.20% per annum from the original issue date, expected to be December 16, 2025, to but excluding the stated maturity date, expected to be November 29, 2030, with annual interest payments expected each December 16 and at maturity.
Goldman Sachs may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on quarterly redemption dates on or after December 16, 2026, after at least five business days’ notice. The notes are unsecured senior debt obligations, issued in book-entry form through DTC, are not bank deposits, and are not insured by the FDIC or any governmental agency. U.S. holders generally will be taxed on interest as ordinary income, and the notes are subject to FATCA withholding rules.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $13,495,000 of medium‑term notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes offer 100% repayment of face amount at maturity (subject to issuer and guarantor credit) and a 100% upside participation rate if the index ends above its initial level.
The notes may be automatically called each year if the index closes at or above rising call levels, paying $1,000 plus a call premium (from 10.35% on the first call date up to 62.10% on the last). They pay no periodic interest, and index returns are reduced by an ongoing 0.65% per annum deduction and by the index’s excess‑return structure over the federal funds rate.
The original issue price is 100% of face amount, including a 4.625% underwriting discount, while Goldman’s estimated value on the trade date is $889 per $1,000 note. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, requiring accrual of ordinary income over their term based on a comparable yield.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $2,050,000 of structured notes linked to the common stock of Microsoft and the Class C stock of Alphabet. The notes pay no interest and return at maturity depends solely on the lesser performing stock between trade date and the November 21, 2028 determination date.
If both stocks rise, investors receive principal plus 2.4805 times the lower stock’s percentage gain, up to maturity, using initial prices of $487.12 for Microsoft and $292.99 for Alphabet set on November 19, 2025. If either stock’s return is negative, the note’s return is negative on a one‑for‑one basis, and investors can lose up to their entire principal.
The estimated value at pricing is about $974 per $1,000 face amount, below the 100% issue price, reflecting an underwriting discount of 1% of face plus up to 0.8% structuring fee. Payments are subject to the unsecured credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp, guaranteed by The Goldman Sachs Group, Inc., is offering $637,000 aggregate face amount of auto-callable notes linked to Astera Labs and AMD common stock. The notes pay no interest and mature on November 29, 2030, but can be automatically called starting November 23, 2026 if both stocks close at or above their initial prices of $141.80 (ALAB) and $203.78 (AMD). In that case, investors receive $1,000 plus a call premium per note, with scheduled premiums from 12.25% up to 49%.
If the notes are never called and on the final determination date both stocks are above their initial prices, the maturity payment equals $1,000 plus 100% of the gain of the lesser-performing stock; otherwise investors receive only the $1,000 face amount. The estimated value is about $927 per $1,000 at pricing, versus a 100% issue price, reflecting structuring and distribution costs including a 3.625% underwriting discount (net proceeds 96.375%). Payments depend on the credit of GS Finance Corp and the guarantor, and the notes may have limited or illiquid secondary trading and values sensitive to stock prices, volatility, interest rates and credit spreads.