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. plans a primary offering of callable buffered notes linked to the S&P 500 Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on October 31, 2030, unless redeemed earlier at 100% of face amount plus a call premium.
If held to maturity and not redeemed, payoff depends on index performance from the expected October 29, 2025 trade date to the expected October 17, 2030 determination date: gains are 1.25x the index return when the final level is at or above the initial level; modest declines down to 75% of the initial level return the absolute decline; below 75%, losses occur with a 25% buffer. Monthly call premiums range from 12% early in the schedule to 59% near September 30, 2030.
The index tracks E-mini S&P 500 futures, not the S&P 500 Index itself; futures financing costs and roll yields can materially affect returns. The estimated value at pricing is expected between $885 and $925 per $1,000. Repayment is subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $6,185,000 of callable notes linked to the S&P 500 Futures Excess Return Index. The notes pay no interest and mature on October 28, 2030, unless redeemed earlier at 100% of face value plus the applicable call premium on quarterly call payment dates.
If not redeemed, the payoff depends on index performance from the October 23, 2025 trade date to the October 14, 2030 determination date. For each $1,000: if the final index level exceeds the 552.61 initial level, investors receive $1,000 plus 5.9 times the index return. If the final level is between 50% and 100% of the initial level, investors receive $1,000. If below 50%, repayment falls one-for-one with the index, and investors could lose all principal.
The index tracks E-mini S&P 500 futures, not the S&P 500 Index, and may be affected by futures roll and financing costs. The estimated value is approximately $966 per $1,000 at pricing. The original issue price is 100% of face amount, the underwriting discount is 1.125%, and net proceeds to the issuer are 98.875%.
GS Finance Corp. is offering $500,000 aggregate face amount of callable 10-Year CMT Rate‑Linked Range Accrual Notes due October 24, 2040, guaranteed by The Goldman Sachs Group, Inc. The notes price at 100% with a 2.50% underwriting discount and 97.50% net proceeds; the estimated value is approximately $986.5 per $1,000.
Interest is paid quarterly on January 24, April 24, July 24 and October 24. The first four payments accrue at 9.00% per annum. Beginning in January 2027, each quarter’s rate equals the fraction of reference dates when the 10‑year CMT rate is ≤5.00% multiplied by a 9.00% interest factor, using the 30/360 (ISDA) convention; if all reference dates exceed 5.00%, no interest is paid for that period.
The notes are callable at par plus accrued interest on any quarterly interest payment date on or after October 24, 2026. Proceeds will be loaned to The Goldman Sachs Group, Inc. or its affiliates. Payments are subject to the credit risk of GS Finance Corp. and the guarantor.
Goldman Sachs (GS) filed a preliminary 424B2 for GS Finance Corp.’s Autocallable Equity‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to AMZN, GOOG, META and MSFT and do not bear interest. Terms will be set on the trade date and the filing warns you could lose your entire investment.
The notes auto‑call on the call payment date if, on the call observation date, each underlier closes at or above its initial level. If called, holders receive $1,500 per $1,000 face amount. If not called, payment at maturity depends on the lesser performing underlier: an upside participation rate of 425% applies when each final level exceeds its initial; repayment of $1,000 applies if each final level is at or above its 70% trigger buffer but any underlier is at or below its initial; otherwise, payoff falls one‑for‑one with the lesser performer.
Key dates: trade October 30, 2025, issue November 4, 2025, call observation October 21, 2026, call payment October 26, 2026, determination October 23, 2028, maturity October 26, 2028. The estimated value at pricing is expected to be below the original issue price and the notes carry the credit risk of GS Finance Corp. and the guarantor.
Goldman Sachs (GS), via GS Finance Corp., filed a preliminary 424(b)(2) prospectus for auto-callable, no‑coupon notes linked to Uber Technologies, Inc. common stock. The notes may be automatically called on the call observation date (expected to be November 3, 2026) for $1,174 per $1,000 face amount if Uber’s price is at or above the initial level, with payment on the call payment date (expected to be November 10, 2026).
If not called, the maturity payout (expected November 10, 2028) depends on Uber’s performance: 150% participation in gains up to a maximum settlement amount of $1,800.1 per $1,000; “buffered” absolute returns for declines up to 20%; and losses if the final price falls more than 20% from the initial price. The cap corresponds to a cap price of 153.34% of the initial price. The notes do not pay interest.
The estimated value at pricing is expected between $890 and $920 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor). Key dates are expected to be: trade date November 3, 2025; call observation date November 3, 2026; determination date November 3, 2028; and stated maturity date November 10, 2028.
Goldman Sachs (GS), via GS Finance Corp., announced a preliminary pricing supplement for digital notes linked to the SPDR S&P Biotech ETF (XBI). The notes pay no interest and return at maturity depends on XBI’s performance between the expected trade date of October 28, 2025 and the expected determination date of November 30, 2026.
If XBI’s final level is at least 70% of the initial level, holders receive the maximum settlement amount of $1,087 for each $1,000 face amount. If XBI declines by more than 30%, repayment equals $1,000 plus $1,000 times the ETF return, resulting in principal loss and potentially a total loss. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.
The estimated value at pricing is expected to be $925–$955 per $1,000. Key dates include the expected original issue date of October 31, 2025 and the expected stated maturity date of December 3, 2026. The notes will not be listed, and secondary market prices may be affected by volatility in XBI, interest rates, and the credit profile of the issuer and guarantor.
GS Finance Corp. announced a preliminary pricing supplement for callable notes linked to the S&P 500 Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on November 5, 2030, unless redeemed earlier.
The issuer may redeem the notes on monthly call payment dates at 100% of face value plus a listed call premium. If not redeemed, maturity payment depends on index performance from the expected October 31, 2025 trade date to the expected October 22, 2030 determination date. Upside is leveraged at 1.6x of the index return. If the final index level is between 50% and 100% of the initial level, investors receive the $1,000 face amount. If it falls below 50% of the initial level, repayment declines one-for-one with the index and investors could lose their entire investment.
The filing highlights an estimated value of $850–$890 per $1,000 at pricing and details extensive market, structure, call, and tax risks. The index tracks E-mini S&P 500 futures (not the S&P 500 Index), so futures dynamics, financing costs, and roll yield can materially affect returns.
GS Finance Corp. plans to offer Autocallable Contingent Coupon Index‑Linked Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference three equity indices: the Dow Jones Industrial Average (INDU), Russell 2000 (RTY), and S&P 500 (SPX).
The notes pay a contingent monthly coupon of at least $9 per $1,000 (at least 0.9% monthly, up to at least 10.8% per annum) if on the observation date the closing level of each underlier is ≥ 80% of its initial level (the coupon trigger). The notes are automatically called on designated quarterly dates if each underlier is ≥ its initial level, returning $1,000 per note plus any due coupon.
If not called, payment at maturity depends on the lesser performing underlier. If each final level is ≥ the 80% buffer, holders receive $1,000 per note. If any final level is below its buffer, the payoff is reduced by the formula using a buffer rate of 125%, and investors could lose their entire principal. Key dates: trade date October 22, 2025; original issue date October 27, 2025; determination date January 22, 2029; stated maturity January 25, 2029. CUSIP/ISIN: 40058QNP0 / US40058QNP09.
The Goldman Sachs Group, Inc. filed an 8-K noting the issuance of debt securities on October 21, 2025 under its shelf registration statement on Form S-3 (File No. 333-284538). The company filed exhibits supporting that issuance, including a legal opinion from Sullivan & Cromwell LLP (Exhibit 5.1) and the related consent (Exhibit 23.1), which are incorporated by reference into the registration statement.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering U.S. dollar-denominated, autocallable contingent coupon notes linked to the common stocks of Applied Materials and Synopsys and to an ADS of Taiwan Semiconductor Manufacturing Company Limited (representing five common shares). Each note has a $10 face amount, original issue price of 100% and will not be listed.
The notes may be automatically called on quarterly observation dates starting in January 2026 if each stock closes at or above its initial price, paying $10 plus the contingent coupon then due. On each quarterly determination date, a contingent coupon accrues only if all three stocks close at or above a 60.00% barrier, with coupon mechanics targeting between $0.4125 and $0.425 per quarter on a cumulative basis (maximum return expected between 4.125% and 4.25% quarterly, or 16.50%–17.00% per annum). If not called, the notes mature on October 25, 2029.
At maturity, if each stock is at or above its 60.00% downside threshold, holders receive $10 plus the final contingent coupon. If any stock is below its threshold, repayment is reduced by the lesser-performing stock return, and principal losses can be substantial, up to total loss. The underwriting discount is 2.25% and the net proceeds are 97.75% of face amount. The estimated value on the trade date is expected to be $9.30–$9.60 per $10 note.