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, Inc., is offering auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay quarterly contingent coupons of at least $27.25 per $1,000 (2.725% per quarter, up to at least 10.9% per year) whenever the index is at or above 60% of its initial level on an observation date; otherwise no coupon is paid.
The notes can be automatically called starting in December 2026 if the index is at or above its initial level, returning the $1,000 face amount plus the due coupon. If not called, principal protection depends on the final index level: investors are fully repaid at maturity so long as the index is at or above 50% of its initial level, but lose one-for-one below that, up to a 100% loss of principal.
The underlier uses up to 500% leverage, volatility targeting and calendar-based signals, and is reduced by a 6.0% per annum daily decrement, which drags performance and can worsen losses. The estimated value on the trade date is expected between $850 and $890 per $1,000 face amount, and all payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $399,000 of index-linked notes tied to the Goldman Sachs Momentum Builder® Focus ER Index. The notes can be automatically called after roughly one year if the index is at or above its initial level, paying $1,080 per $1,000 face amount (an 8% call payout). If not called, at maturity investors receive at least the $1,000 face amount, with upside of 300% of any positive index return; if the index is flat or lower, only principal is repaid. The issuer’s estimated value is $904 per $1,000, below the issue price, reflecting fees and structuring costs. The index uses daily rebalancing, volatility and momentum controls, and a 0.65% annual deduction, and can be heavily allocated to cash-like positions, which can limit performance. The notes pay no periodic interest and are subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering equity-linked notes maturing on November 29, 2030 with an aggregate face amount of $2,037,000 on the original issue date. The notes pay no interest and are tied to the Class A shares of Alphabet and Meta Platforms and the common stock of NVIDIA.
The notes may be automatically called on November 22, 2027 if each stock’s closing price is at least 90% of its initial price ($299.66 for Alphabet, $594.25 for Meta, $178.88 for NVIDIA). In that case, holders receive $1,200 per $1,000 face amount on the call payment date.
If not called, the maturity payment depends on the lesser performing stock. If each final price on November 21, 2030 is above its initial price, investors receive $1,000 plus 125% of the lesser stock’s gain. If any final price is at or below its initial level, investors receive only the $1,000 principal. The estimated value at pricing is about $928 per $1,000, reflecting a 4% underwriting discount and structuring costs, and investors are exposed to the credit risk of both GS Finance Corp. and the guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk contingent income callable securities linked to the iShares Bitcoin Trust ETF (IBIT), expected to mature on November 30, 2028.
Investors may receive a contingent quarterly coupon of at least $70.25 per $1,000 in principal, but only if the ETF’s closing price stays at or above a downside threshold of 65% of the initial ETF price on every ETF business day in the observation period; otherwise the coupon for that quarter is zero. Goldman Sachs can redeem the notes at 100% of principal plus any due coupon on each coupon payment date from March 2, 2026 through August 30, 2028.
At maturity, if the ETF is at or above the downside threshold, investors receive full principal back (plus any final coupon if conditions are met). If it is below the threshold, repayment is reduced 1-to-1 with the ETF’s decline, potentially to zero. Investors do not participate in any upside of the ETF. The estimated value is disclosed as $890 to $950 per $1,000 security, reflecting fees and hedging costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Futures Excess Return Index-linked notes that pay no interest and return cash at maturity based on index performance. For each $1,000 note, if the index return is zero or positive, holders receive the greater of a threshold settlement amount of at least $1,485 or $1,000 plus the index gain. If the index return is negative but not below -30%, investors receive $1,000 plus the absolute index loss as a positive return. If the index return is below -30% (the index falls more than 30% and below 70% of its initial level), repayment is reduced one-for-one with the index loss, and investors can lose their entire principal.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The estimated value on the trade date is expected to be $885–$925 per $1,000 face amount, below the issue price, reflecting fees and dealer margins. Because the underlier is based on E-mini S&P 500 futures rather than the S&P 500® Index itself, returns are affected by futures pricing, financing costs, volatility and negative roll yields, which can cause the index, and therefore the notes, to underperform the equity index. The U.S. tax treatment is uncertain, and investors are required to treat the notes as pre-paid derivative contracts unless the law changes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $7,900,000 of index-linked notes tied to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a contingent monthly coupon of $8.475 per $1,000 face amount (0.8475% monthly, up to 10.17% per annum) only if on each observation date all three indices are at or above 65% of their initial levels.
If the notes are not redeemed early, the principal repayment at maturity depends solely on the worst-performing index. Investors receive $1,000 per note if each index finishes at or above 55% of its initial level; otherwise the payoff is $1,000 plus $1,000 times the lesser-performing index return, which can reduce the payment to zero, meaning a total loss of invested principal.
The issuer can redeem the notes at its option, in whole but not in part, on any coupon payment date from May 2026 through October 2030 at $1,000 per note plus any due coupon. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, may not pay any coupons over their life, and may have limited or no secondary market liquidity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable notes linked to the S&P 500® Futures Excess Return Index, maturing in December 2030. The notes pay no interest and are unsecured obligations subject to the credit risk of both the issuer and guarantor.
The payoff depends on index performance from the expected trade date in December 2025 to a determination date in December 2030. If the final index level is above the initial level, investors receive principal plus 1.7× the positive index return. If the final level is between 80% and 100% of the initial level, investors receive only their principal. Below 80%, principal is reduced so investors can lose a substantial portion of their investment.
Goldman may call the notes monthly from December 2026 to November 2030 at 100% of face amount plus a preset call premium. The estimated value at pricing is expected to be between $850 and $890 per $1,000 face amount, reflecting fees, hedging costs and model-based pricing.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $4,075,000 of auto-callable “Jump Securities” linked to the worst performer of three ETFs: XLE, XLV and XBI, maturing November 26, 2031. The notes pay no coupons but can be automatically called on scheduled observation dates if each ETF is at or above its initial price, returning principal plus a fixed call premium.
If the notes are never called and, on the valuation date, each ETF is at or above its initial level, holders receive $1,000 plus a 117.60% maturity premium per $1,000. If any ETF finishes below its initial price, repayment is $1,000 times the worst ETF’s performance factor, so investors lose 1% of principal for every 1% decline and can lose their entire investment. Returns are capped, investors do not receive ETF dividends, the estimated value at pricing is $922 per $1,000, and the notes carry issuer and guarantor credit risk with no exchange listing.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering S&P 500® Futures Excess Return Index-linked notes due November 26, 2030. The notes do not pay interest and are unsecured obligations whose value at maturity depends on the index level on the November 21, 2030 determination date.
The initial index level is 539.99. If the index return is zero or positive, investors receive the greater of a $1,385 threshold settlement amount or $1,000 plus the index return on each $1,000 face amount. If the index return is negative but not below -30% (final level at or above 70% of initial), investors receive $1,000 plus the absolute index return, providing upside on moderate declines.
If the final index level falls more than 30% below the initial level, repayment is reduced one-for-one with the index return and investors can lose their entire principal. The estimated value at pricing is about $916 per $1,000, reflecting a 4.125% underwriting discount and issuance costs. The notes are exposed to index volatility, futures roll and financing effects, limited liquidity, complex tax treatment and the credit risk of both GS Finance Corp. and its parent guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000-face-value market-linked notes tied to the Vanguard FTSE Emerging Markets ETF (VWO), maturing on November 30, 2028. The notes pay no interest or dividends and are designed to be held to maturity.
The notes can be automatically called on December 2, 2026 if the ETF’s closing price is at or above the starting price, paying $1,000 plus a call premium of at least 11.6%. If not called, at maturity holders get: 150% of any ETF gain above the starting price; full principal back if the ETF loss is within a 15% buffer; or a dollar‑for‑dollar loss beyond that buffer, up to an 85% loss of principal. All payments depend on the credit of GS Finance Corp. and Goldman Sachs. The estimated initial value is $925–$955 per $1,000, below the issue price.