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 $1.112 million of Callable Nasdaq-100 Index®-Linked Notes due July 2 2030 (CUSIP 40058J5F8) under its Series F MTN program.
- Structure: Zero-coupon, unsecured senior notes. Investors receive at least the $1,000 face amount at maturity, plus 100% of any positive Nasdaq-100 return; no downside below par (credit risk remains).
- Issuer call right: Monthly from 7/2/2026 to 6/3/2030. Redemption price equals 100% plus a preset call premium that starts at 8.0004% and steps up to 39.3353% (see schedule), capping upside if called.
- Economics: Original issue price 100%. Underwriting discount 3.25%; net proceeds 96.75%. Estimated value on trade date is $948 per $1,000 (≈-5.2% versus issue price), reflecting fees and hedging costs. Goldman may initially quote above this value by up to $52, which amortises to zero by 9/26/2025.
- Key dates: Trade 6/27/2025; issue 7/2/2025; determination 6/17/2030; stated maturity 7/2/2030.
- Index mechanics: 100% upside participation; if final Nasdaq-100 level ≤ initial (22,534.20), investor only receives par.
- Liquidity: Not exchange-listed; Goldman may—but is not obligated to—make a market. Secondary prices will reflect prevailing market, credit spreads and bid/ask spreads.
- Risk highlights: credit risk of GS Finance Corp. and GS Group, early-call risk, no periodic interest, valuation discount, complex tax (contingent payment debt instrument), potential limited liquidity.
The issuance is routine and immaterial to GS’s capital structure but offers investors principal-protected equity upside with significant fees and call risk.