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, fully guaranteed by The Goldman Sachs Group, Inc., is offering $30,651,000 of auto-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have a $1,000 face amount, do not pay interest, and can be automatically called annually if the index is at or above 101% of its initial level, paying back $1,000 plus a call premium that steps up from 7.25% to 43.50%.
If the notes are never called, at maturity investors receive $1,000 plus 100% of any positive index return; if the index is flat or down, they receive only the face amount, so principal is repaid but there is no downside participation in the index. The index itself is a rules-based, volatility- and momentum-controlled portfolio with a 0.65% per year deduction and frequent allocations to cash-like positions, which can limit upside.
The original issue price is 100% of face, but the issuer’s estimated value is $893 per $1,000, reflecting underwriting discounts and structuring costs. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, meaning taxable ordinary income accrues over time based on a 4.63% comparable yield, even though cash is typically only paid on call or at maturity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable S&P 500® Index-linked notes that do not pay interest and are scheduled to mature in late 2031 unless redeemed earlier. The notes are issued in $1,000 denominations and return at least the face amount at maturity if held to the stated maturity date.
The payoff is tied to the S&P 500® Index: if the index is higher on the determination date than on the trade date, holders receive $1,000 plus 100% of the index gain; if the index is flat or lower, they receive $1,000. The issuer may redeem the notes in whole on monthly call dates starting in 2026, paying $1,000 plus an increasing call premium. The estimated value at pricing is disclosed as between $850 and $890 per $1,000 face amount, and payments are subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering auto-callable structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, maturing on November 29, 2030. The notes pay quarterly contingent coupons of $27 per $1,000 (2.7% per quarter, up to 10.8% per year) whenever the index is at or above 60% of its initial level of 439.49 on an observation date.
Starting in November 2026, the notes are automatically called if the index is at or above the initial level on an observation date, returning the $1,000 face amount plus the due coupon. If held to maturity and not called, principal is protected only down to the 50% trigger buffer; below that, losses match the index decline and you could lose your entire investment.
The underlier uses leverage of up to 500% and a daily 6% per annum decrement, which can magnify losses and drag on performance. The aggregate face amount at issuance is $174,000, the issue price is 100% of face, the underwriting discount is 4.25%, and the estimated value is about $911 per $1,000. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $531,000 of index-linked notes due November 27, 2028 tied to the Russell 2000® Index and the S&P 500® Index. The notes pay no interest and repay a variable amount at maturity based on the lesser-performing index from the trade date to the determination date.
Each $1,000 note has a 15% downside buffer: as long as both indexes finish at or above 85% of their initial levels, holders receive at least their principal, and if either index is modestly down, they gain the absolute value of the lesser loss. Upside is fully participated but capped by a maximum settlement amount of $1,540 per $1,000, which corresponds to a 54% maximum gain.
If the lesser-performing index falls more than 15% from its initial level, principal is reduced one-for-one beyond that buffer, so investors can lose a substantial portion of their investment. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and their estimated value at pricing is approximately $952 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Index-linked notes with an aggregate face amount of $402,000 under its Medium-Term Notes, Series F program.
The notes return the face amount at maturity if the S&P 500® final level is equal to or below the initial level of 6,602.99. If the final level is higher, the payoff equals the index return on a 1:1 basis but is capped at a maximum settlement amount of $1,142.50 per $1,000 face amount, limiting upside to 14.25%, and the notes pay no periodic interest.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and may trade below face value before maturity. For U.S. tax purposes they are treated as contingent payment debt instruments; holders must accrue ordinary income over the term based on a comparable yield of 4.1217% per annum and a projected maturity payment of $1,120.30 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $4,018,000 of leveraged callable notes linked to the S&P 500® Futures Excess Return Index, maturing on November 26, 2031. The notes pay no interest and return at least the $1,000 face amount at maturity.
If the index rises above the initial level of 539.99, investors receive $1,000 plus 1.25 times the positive index return; if the index is flat or down, they receive $1,000. Goldman may redeem the notes monthly starting in 2026 at 100% of face value plus a fixed call premium that steps up from 12% to 71% over the call schedule.
The original issue price is 100% of face amount, with a 4.125% underwriting discount and net proceeds of 95.875% to the issuer. The estimated value at pricing is approximately $917 per $1,000, reflecting fees, hedging and model assumptions. Payments depend on the index and the credit of GS Finance Corp. and its guarantor; the notes are unsecured, not insured, and will not be listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $2,383,000 of leveraged buffered index-linked notes in two tranches tied separately to the S&P 500 Index and the Russell 2000 Index. The S&P 500 tranche has a $2,113,000 face amount and the Russell 2000 tranche has $270,000 face amount, each in $1,000 denominations and maturing on May 25, 2028.
The notes pay no interest. At maturity, investors get $1,000 plus or minus an amount based on index performance from the November 21, 2025 trade date, with 200% upside participation but capped at a maximum of $1,204 per $1,000 for the S&P 500 notes and $1,265 for the Russell 2000 notes. A 10% downside buffer (buffer level 90% of the initial index level) partially protects principal, but if the final index level falls below this buffer, principal loss is linear beyond that point and can be substantial.
The estimated value at issuance is $952 per $1,000 for the S&P 500 notes and $949 for the Russell 2000 notes, below the 100% issue price due to fees and structuring costs. Repayment depends on the unsecured credit of GS Finance Corp. and its guarantor, and there may be limited or no secondary market liquidity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes with an aggregate face amount of $504,000. The notes pay no interest and return at least the face amount at the stated maturity date of November 27, 2028, subject to the issuer’s and guarantor’s credit risk.
The payoff depends on the Goldman Sachs Momentum Builder ® Focus ER Index. If the final index level exceeds the initial level of 109.44, investors receive $1,000 plus $1,000 × the 267.5% upside participation rate × index return; otherwise they receive $1,000 per note. The index is a daily rebalanced, multi-asset strategy that targets 5% volatility and is calculated on an excess return basis over the federal funds rate, with an additional 0.65% per annum deduction that can materially reduce performance, especially when the index allocates heavily to cash-like positions.
The original issue price is 100% of face amount, with a 3.18% underwriting discount and 96.82% net proceeds to the issuer. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, with a comparable yield of 4.12% per annum and a projected maturity payment of $1,132.31 per $1,000 note used to compute taxable income over the term.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,305,000 of callable buffered notes linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and are scheduled to mature on November 26, 2030, unless redeemed early at 100% of face amount plus a call premium on specified monthly call payment dates.
At maturity, if not called, each $1,000 note pays based on index performance from the November 21, 2025 trade date to the November 12, 2030 determination date. Returns are 1.53x the positive index return when the final level is at or above the initial 539.99 level; if the final level is between 80% and 100% of the initial level, investors receive the absolute value of the index return. Below 80% of the initial level, principal is reduced beyond a 20% buffer and losses can reach 80% of face amount.
The estimated value is approximately $926 per $1,000 face amount, below the 100% original issue price. The underwriting discount is 4.125% of face amount, with net proceeds of 95.875% to the issuer. Payments depend on the credit of GS Finance Corp. and the guarantor, and the notes will not be listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering an autocallable structured note linked to Arm Holdings ADS, Vistra Corp. and Dow Inc. stock. The note has an aggregate face amount of $667,000 and matures on November 29, 2028, unless automatically called starting in November 2026 if each stock is at or above its initial price.
Investors may receive a conditional monthly coupon of $12.084 per $1,000 face amount (about 14.5% per year) only when all three stocks are at or above 60% of their initial prices. Principal repayment depends on a trigger and buffer structure based on the worst-performing stock, and investors can lose a substantial portion of principal if a trigger occurs and that stock finishes below 80% of its initial price. The estimated value at pricing is about $914 per $1,000, and all payments are subject to the credit risk of GS Finance Corp. and Goldman Sachs.