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., guaranteed by The Goldman Sachs Group, is offering equity-linked notes tied to an equally weighted basket of six semiconductor stocks: Applied Materials, Advanced Micro Devices, Broadcom, Micron Technology, NVIDIA and Qualcomm. The notes pay no interest and are scheduled to mature in January 2031, unless Goldman redeems them early.
Beginning in January 2027, the issuer may call the notes monthly at 100% of face value plus a preset call premium that steps up over time. If the notes are not redeemed, the maturity payout depends on the basket’s performance. For each $1,000 note, investors receive $1,000 plus 1.5 times any positive basket return; if the basket is flat or down but not below 50% of its initial level, they receive $1,000; if the basket falls more than 50%, the payout falls one-for-one with the loss, potentially to zero.
The estimated value at pricing is expected between $885 and $925 per $1,000 face amount, below the issue price. Investors do not receive dividends on the stocks and face the credit risk of both GS Finance Corp. and The Goldman Sachs Group, with limited secondary market liquidity and complex anti-dilution and market disruption adjustments.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable contingent coupon index-linked notes due 2029 linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. Each note has a $1,000 face amount and may pay a monthly contingent coupon of $8.75 (0.875%, up to 10.50% per year) if on the observation date the closing level of each index is at or above 70% of its initial level. If any index is below this coupon trigger level, the coupon for that month is $0.
At maturity, if the notes have not been redeemed and the final level of each index is at or above 70% of its initial level, investors receive $1,000 per note plus any final coupon. If any index finishes below 70%, repayment is reduced in line with the worst-performing index, and investors can lose up to 100% of principal. The issuer can redeem the notes at par plus any due coupon on specified quarterly coupon payment dates from April 2026 through October 2028. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent, will not be listed, and involve tax and valuation uncertainties, including an estimated value lower than the original issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes whose return is tied to the Class A common stock of Rubrik, Inc. The notes pay contingent quarterly coupons of $43.625 per $1,000 face amount (4.3625% per quarter, up to 17.45% per year) only when Rubrik’s share price on the observation date is at least 60% of the initial price. Starting in July 2026, the notes are automatically called if Rubrik’s closing price on a call observation date is at or above the initial price, returning principal plus the applicable coupon. If held to January 2029 and not called, investors receive full principal plus any final coupon if Rubrik’s final price is at least 60% of the initial price; otherwise principal is reduced one-for-one with the stock’s loss below that level, with losses that can reach 100% and no coupon. The notes are unsecured obligations with estimated initial value between $925 and $955 per $1,000.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing trigger autocallable contingent yield notes linked to the EURO STOXX 50® Index and the Nasdaq-100 Index®. The notes pay a quarterly contingent coupon of between $0.25 and $0.26 per $10 face amount (up to about 10%–10.4% per year) only if on each observation date both indices are at or above 70% of their initial levels.
Starting in July 2026, the notes are automatically called if on any quarterly observation date both indices are at or above their initial levels; in that case investors receive $10 per note plus the coupon due and the product ends early. If the notes are not called, and at maturity in January 2031 both indices are at or above 70% of their initial levels, investors receive $10 plus the final coupon. If at least one index finishes below 70%, the principal is reduced in line with the loss of the lesser performing index, and investors can lose up to their entire investment.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is $9.75–$9.99 per $10, below the issue price, and secondary market liquidity may be limited. The tax treatment is complex and may change, and the product is intended only for investors who fully understand and can tolerate the significant downside and coupon risk.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering market-linked medium-term notes tied to the common stock of NVIDIA Corporation maturing on January 26, 2029. Each $1,000 security can pay a contingent quarterly coupon of at least $31.50 (at least 12.60% per year) only if NVIDIA’s stock on the relevant calculation day is at or above 60% of the starting price.
Beginning with the April 2026 calculation day, the notes are auto-callable if NVIDIA’s stock is at or above 90% of the starting price, in which case investors receive the $1,000 face amount plus the final contingent coupon and no further payments. If the notes are not called and NVIDIA’s final price is at or above 60% of the starting price, investors receive $1,000; if it is below 60%, repayment is reduced in full proportion to the stock decline, with losses potentially up to 100% of principal.
Investors do not participate in any stock upside and receive no NVIDIA dividends. The securities are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., are not listed on any exchange, and are designed to be held to maturity. The estimated initial value is disclosed as $925–$955 per $1,000 face amount, which is less than the original offering price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering notes linked to the shares of Arista Networks, Credo Technology Group and Vertiv Holdings. The notes pay a contingent monthly coupon of $6.667 per $1,000 face amount (0.6667% monthly, about 8% per year) only if on each observation date the closing price of every stock is at least 66% of its initial price. If any stock is below that level, no coupon is paid for that month.
The notes can be automatically called on monthly dates from January 2027 through December 2030 if each stock is at or above its initial price, in which case investors receive the face amount plus that month’s coupon. If not called, they mature on January 28, 2031, returning $1,000 per $1,000 face amount plus any final coupon. The estimated value at pricing is expected to be $885–$925 per $1,000, reflecting fees and hedging costs, and investors face the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited secondary market liquidity and potential conflicts from Goldman Sachs’ hedging and trading activities.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured notes linked to the Class A common stock of The Trade Desk, Inc. The notes are scheduled to mature in January 2029 but can be automatically called starting in July 2026 through October 2028 if the stock’s closing price on a call observation date is at or above the initial index stock price, in which case holders receive the $1,000 face amount plus the quarterly coupon.
The notes pay a contingent coupon of $48.25 per $1,000 (4.825% quarterly, up to 19.3% per year) on each observation date only if The Trade Desk share price is at least 50% of the initial level; otherwise the coupon for that quarter is zero. At maturity, if not called, investors receive $1,000 plus the final coupon if the stock is at or above 50% of the initial level. If it is below 50%, repayment is reduced one-for-one with the stock’s loss, and holders can lose up to their entire principal and receive no coupon.
The notes carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may have limited liquidity, and their estimated value on the trade date is expected to be $890–$920 per $1,000 face amount, below the original issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes linked to the State Street® Energy Select Sector SPDR® ETF. The notes pay no interest and are expected to mature on January 30, 2031 unless automatically called starting in January 2027 when the ETF is at or above its initial level.
Each note has a $1,000 face amount. If not called and the final ETF level is at or above the initial level, investors receive a capped maximum of $1,602.5 per $1,000, reflecting a 60.25% maturity premium. If the ETF is down by up to 10%, investors get back $1,000; below that buffer, losses match the ETF decline and investors can lose their entire investment.
Call premiums range from 12.05% to 48.2% depending on the call date. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor, and the estimated initial value is between $885 and $925 per $1,000, less than the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $10-denomination trigger autocallable contingent yield notes linked to the EURO STOXX 50® and Nasdaq-100® indices. The notes pay a quarterly contingent coupon of between $0.20 and $0.21 per $10 face amount (up to 8.00%–8.40% per year) only if, on each observation date, both indices are at or above a coupon barrier set at 70% of their initial levels.
Beginning in July 2026, the notes are automatically called if, on any quarterly call observation date, both indices are at or above their initial levels. In that case, holders receive $10 per note plus the due contingent coupon and no further payments. If the notes are not called and, on the January 16, 2031 determination date, both indices are at or above their 70% downside thresholds, investors receive $10 plus the final contingent coupon; otherwise, repayment is reduced in line with the decline of the worse-performing index, and all principal can be lost.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is expected between $9.50 and $9.80 per $10 face amount, compared with a 100% issue price, with a 2.25% underwriting discount and 97.75% net proceeds to the issuer.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes tied to the S&P 500® Index, Nasdaq-100 Index® and iShares® Russell 2000 ETF. The notes pay a monthly contingent coupon of $9.167 per $1,000 face amount (0.9167%) only if on each observation date every underlier is at or above 70% of its initial level; otherwise no coupon is paid.
The notes can be automatically called quarterly starting in July 2026 if all underliers are at or above their initial levels, returning principal plus the applicable coupon. If not called, at expected maturity in January 2029 investors receive full principal plus the final coupon only if the worst-performing underlier is at or above 70% of its initial level. Below that threshold, repayment is reduced in line with the worst underlier’s loss, down to a possible total loss of principal and no coupon. The estimated value on the trade date is expected to be between $925 and $955 per $1,000, and all payments are subject to the credit risk of GS Finance Corp. and its guarantor.