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., filed a preliminary 424(b)(2) pricing supplement for autocallable notes linked to the S&P 500, Dow Jones Industrial Average, and Russell 2000. The notes pay no interest and may be automatically called on observation dates starting October 26, 2026 if each index is at least 80% of its initial level, returning the face amount plus a call premium.
If not called, the maturity payment depends on the worst-performing index. If each index is at least 80% of its initial level on the determination date, holders receive $1,320 per $1,000. If any index is below 80%, the payoff equals $1,000 plus the lesser-performing index return times $1,000, which can result in substantial loss of principal.
Call premiums step from 8% to 30% across scheduled dates; the maturity-date premium is 32%. The estimated value at pricing is expected between $905 and $945 per $1,000. Key risks include credit exposure to the issuer and guarantor, capped upside, and potential loss up to the entire investment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary pricing supplement for Autocallable Contingent Coupon Index-Linked Notes due 2030. The notes reference three underliers: the Nasdaq-100 Technology Sector Index (NDXT), the Russell 2000 Index (RTY) and the S&P 500 Index (SPX).
The notes pay a contingent monthly coupon of $8.959 per $1,000 (0.8959% monthly, up to approximately 10.75% per annum) if each underlier closes at or above its 70% coupon trigger level on the observation date. They may be automatically called if on any call observation date (beginning July 2026) each underlier is at or above its initial level; in that case, holders receive $1,000 plus the coupon then due.
If not called, maturity payment depends on the lesser performing underlier. At maturity on October 30, 2030, if each final underlier level is at or above its 70% trigger buffer level, holders receive $1,000 (plus any final coupon). Otherwise, repayment equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a substantial loss, up to the entire investment. Key dates include trade date October 23, 2025 and original issue date October 28, 2025. The notes are subject to the credit risk of the issuer and guarantor, are not listed, and the estimated value at pricing will be less than the original issue price.
GS Finance Corp. filed a product supplement for Medium‑Term Notes, Series F, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are senior unsecured obligations whose return is linked to a specified equity “Market Measure” such as an index, ETF, single stock/ADR, a basket, or the best‑ or worst‑performer among them.
Each offering will be defined in a separate term sheet, including the Market Measure, maturity and risk factors. Notes may pay fixed or contingent coupons, may be callable, and the Redemption Amount can be less than, equal to, or greater than principal. Units are generally issued in $10 denominations and, unless a term sheet says otherwise, the notes will not be listed. GS&Co. will act as selling agent and calculation agent.
Key risks include principal at risk, credit risk of the issuer and guarantor, limited liquidity, potential early call, valuation that may be below the public offering price, and conflicts from hedging and market‑making. Proceeds are expected to be lent to The Goldman Sachs Group, Inc. or affiliates, and Goldman may hedge using instruments linked to the Market Measure.
GS Finance Corp. filed a preliminary 424(b)(2) pricing supplement for non‑interest‑bearing, auto‑callable notes linked to the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5). The notes may be automatically called if, on any annual observation date, the index closes at or above 101.5% of the initial level, paying face value plus the applicable call return.
If called, the scheduled call returns are 10.4% (Oct 28, 2026), 20.8% (Oct 28, 2027), 31.2% (Oct 30, 2028) and 41.6% (Oct 29, 2029). If not called, at maturity (expected Nov 4, 2030) each $1,000 pays: $1,000 plus 100% of any positive index return; otherwise $1,000.
The index is an excess‑return measure over the federal funds rate and applies a 0.65% per annum deduction, with volatility (5% limit) and momentum risk controls that can shift exposure into non‑interest‑bearing cash, which can reduce performance. The notes carry the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor). The estimated value at pricing is expected between $850 and $890 per $1,000. Expected trade date is Oct 28, 2025 and original issue date Oct 31, 2025.
Goldman Sachs (GS) filed a 424B2 for GS Finance Corp. Autocallable Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. These notes are linked to the Nasdaq‑100 Index (NDX) and the S&P 500 Index (SPX), pay no interest, and may be automatically called if, on the call observation date, the closing level of each index is at or above its initial level. If called, holders receive $1,100 per $1,000 face amount on the call payment date.
If not called, the maturity payment depends on the lesser performing index. With a 202% upside participation rate, if each final index level is above its initial level, the payout increases with the lesser performer. If any final index level is below its initial level but at or above its 90% buffer level, repayment is $1,000 per $1,000 face amount. If any final index level falls below its buffer level, principal is at risk, with losses matching the decline beyond the 10% buffer. Key dates: trade date November 4, 2025; original issue date November 7, 2025; call observation date November 4, 2026; call payment date November 12, 2026; determination date November 5, 2029; stated maturity date November 13, 2029.
GS Finance Corp. filed a preliminary prospectus supplement for auto-callable, buffered basket-linked notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and reference an equally weighted basket of eight large-cap stocks, each initially set at 12.5% of the basket and an initial basket level of 100.
The notes are automatically called if, on the call observation date (expected October 30, 2026), the basket is at or above its initial level, paying $1,162 per $1,000 on the call payment date (expected November 4, 2026). If not called, at maturity (expected October 21, 2027) investors receive: (i) $1,000 plus 125% of any positive basket return; (ii) $1,000 if the basket return is between 0% and -15%; or (iii) a reduced amount if the basket falls more than 15%, using a buffer rate of approximately 117.65% applied to losses beyond the 15% buffer.
The estimated value at pricing is expected between $900 and $930 per $1,000 face amount. Authorized denominations are $10,000 and integral multiples of $1,000. Declines in one stock may offset gains in others, and payments are subject to the credit risk of the issuer and guarantor.
Goldman Sachs (via GS Finance Corp.) filed a preliminary 424(b)(2) pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index. The notes pay a contingent quarterly coupon only if each index closes at or above its coupon barrier on the observation date. The indicative coupon ranges between $0.275 and $0.29125 per $10 per quarter (about 11.00%–11.65% per annum). The coupon barrier and downside threshold for each index are set at 75% of its initial level.
Automatic call may begin in April 2026 if each index is at or above its initial level on any quarterly observation date; if called, holders receive the face amount plus the contingent coupon and the notes terminate. If not called, at maturity on October 26, 2028 investors receive the face amount plus the final coupon if each index is at or above its downside threshold; otherwise, repayment is reduced one-for-one with the decline of the lesser performing index, and investors could lose all principal. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Estimated value at pricing is expected between $9.80 and $9.99 per $10 face. Original issue price is 100% with a stated underwriting discount of 0%, and net proceeds to the issuer of 100%.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary 424(b)(2) for unsecured, no‑interest notes linked to an equally weighted basket of 7 large‑cap stocks. The notes may be automatically called if, on the call observation date (expected to be October 30, 2026), the basket’s closing level is at or above the initial basket level of 100, paying $1,148.5 per $1,000 on the call payment date (expected to be November 4, 2026).
If not called, at maturity (expected October 21, 2027) holders receive: (i) if the final basket level is at or above 100, the greater of the basket upside with 100% participation or the threshold settlement amount of $1,297 per $1,000; (ii) if the basket is below 100 but at or above the 80% buffer, $1,000; (iii) if below 80%, a loss at a 125% downside rate beyond the 20% buffer. The estimated value on the trade date (expected October 20, 2025) is $900–$930 per $1,000, reflecting fees and dealer economics.
The basket includes CEG, MRVL, META, MSFT, NVDA, VRT, and VST, each initially ~14.286% weight. Payments are subject to the credit risk of the issuer and guarantor.
Goldman Sachs (GS) plans a primary offering of fixed rate notes. The preliminary supplement outlines 4.25% Fixed Rate Notes due October 31, 2032, issued in $1,000 denominations under its Medium-Term Notes, Series N program. Interest is paid on the last calendar day of April and October, beginning April 30, 2026, and calculated on a 30/360 (ISDA) basis. The notes will not be listed on any securities exchange, and there is no issuer redemption feature before maturity.
The trade date is expected to be October 29, 2025, with the original issue date on October 31, 2025. Goldman Sachs & Co. LLC will act as calculation agent and underwriter, and the offering will comply with FINRA Rule 5121 due to an affiliate conflict of interest. Settlement will occur through DTC in book-entry form. The supplement notes full and covenant defeasance options and includes standard U.S. federal income tax treatment where interest is taxable as ordinary income. Pricing, underwriting discount, and aggregate principal amount will be set on the trade date.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. (NYSE: GS), filed a preliminary 424(b)(2) pricing supplement for market-linked, auto-callable notes tied to the lowest of the S&P 500 Index, Russell 2000 Index, and Nasdaq-100 Technology Sector Index. The securities offer a quarterly contingent coupon of at least $22.50 per $1,000 face amount (at least 9.00% per annum) if the lowest underlier on a calculation day is at or above its 70% coupon threshold.
The notes may be automatically called at par plus the final coupon if, on any quarterly call date from May 2026 through August 2028, the lowest underlier is at or above its starting level. If not called, at maturity on November 8, 2028 you receive $1,000 only if the lowest underlier is at or above its 70% downside threshold; otherwise you lose more than 30%, up to all principal.
The original offering price is $1,000 per security, the underwriting discount is up to $23.25, and the proceeds to issuer are $976.75 per security. The estimated value at pricing is expected between $925 and $955 per $1,000. Payments are subject to the credit risk of GS Finance Corp. and the guarantor. The securities are not listed and pay no dividends or index appreciation.