Welcome to our dedicated page for Goldman Sachs Group SEC filings (Ticker: GS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
Goldman Sachs (GS), via GS Finance Corp., filed a preliminary 424(b)(2) for Bearish Autocallable Absolute Return Notes linked to the S&P 500 Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on February 4, 2027.
The notes are automatically called at par if on any daily call observation date the S&P 500 closing level is less than 80% of the initial level, resulting in a 0% return. If not called: at maturity you receive at least $1,035 per $1,000 if the index return is ≥ 0% (a contingent return of at least 3.5%); if the index return is between 0% and -20%, you receive the absolute value of the negative return (capped at 20%); if below -20%, you receive $1,000.
The product is designed for investors who expect the index to end below its initial level but not below 80%, or to rise modestly within the contingent cap. Estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc. The notes will not be listed.
Goldman Sachs (GS), via GS Finance Corp., filed a preliminary 424(b)(2) for Bearish Autocallable Absolute Return Notes linked to the S&P 500 Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on February 4, 2027.
The notes are automatically called at par if on any daily call observation date the S&P 500 closing level is less than 80% of the initial level, resulting in a 0% return. If not called: at maturity you receive at least $1,035 per $1,000 if the index return is ≥ 0% (a contingent return of at least 3.5%); if the index return is between 0% and -20%, you receive the absolute value of the negative return (capped at 20%); if below -20%, you receive $1,000.
The product is designed for investors who expect the index to end below its initial level but not below 80%, or to rise modestly within the contingent cap. Estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc. The notes will not be listed.
Goldman Sachs (GS), via GS Finance Corp., filed a preliminary 424(b)(2) for Bearish Autocallable Absolute Return Notes linked to the S&P 500 Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on February 4, 2027.
The notes are automatically called at par if on any daily call observation date the S&P 500 closing level is less than 80% of the initial level, resulting in a 0% return. If not called: at maturity you receive at least $1,035 per $1,000 if the index return is ≥ 0% (a contingent return of at least 3.5%); if the index return is between 0% and -20%, you receive the absolute value of the negative return (capped at 20%); if below -20%, you receive $1,000.
The product is designed for investors who expect the index to end below its initial level but not below 80%, or to rise modestly within the contingent cap. Estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc. The notes will not be listed.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. (NYSE: GS), filed a preliminary 424(b)(2) for Autocallable Contingent Coupon Index‑Linked Notes tied to the S&P 500, Nasdaq‑100, and EURO STOXX 50. The notes may auto‑call quarterly from April 2026 through January 2029 if each index is at or above its initial level, returning face value plus the coupon.
Coupons of $22.5 per $1,000 (2.25% quarterly, up to 9% p.a.) are paid only if each index is at or above 70% of its initial level on the observation date. At maturity (expected April 19, 2029), if not called: you receive $1,000 plus final coupon if every index is at least 82% of its initial level; between 70%–82%, principal is reduced linearly to as low as 88%; below 70%, principal is reduced further based on the lesser‑performing index and no coupon is paid.
The filing lists an estimated value of $915–$955 per $1,000 at pricing. Denominations are $1,000. The notes are unsecured obligations of GS Finance Corp. and subject to the credit risk of both the issuer and the guarantor. The trade date is expected to be October 15, 2025.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. (NYSE: GS), filed a preliminary 424(b)(2) for Autocallable Contingent Coupon Index‑Linked Notes tied to the S&P 500, Nasdaq‑100, and EURO STOXX 50. The notes may auto‑call quarterly from April 2026 through January 2029 if each index is at or above its initial level, returning face value plus the coupon.
Coupons of $22.5 per $1,000 (2.25% quarterly, up to 9% p.a.) are paid only if each index is at or above 70% of its initial level on the observation date. At maturity (expected April 19, 2029), if not called: you receive $1,000 plus final coupon if every index is at least 82% of its initial level; between 70%–82%, principal is reduced linearly to as low as 88%; below 70%, principal is reduced further based on the lesser‑performing index and no coupon is paid.
The filing lists an estimated value of $915–$955 per $1,000 at pricing. Denominations are $1,000. The notes are unsecured obligations of GS Finance Corp. and subject to the credit risk of both the issuer and the guarantor. The trade date is expected to be October 15, 2025.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. (NYSE: GS), filed a preliminary 424(b)(2) for Autocallable Contingent Coupon Index‑Linked Notes tied to the S&P 500, Nasdaq‑100, and EURO STOXX 50. The notes may auto‑call quarterly from April 2026 through January 2029 if each index is at or above its initial level, returning face value plus the coupon.
Coupons of $22.5 per $1,000 (2.25% quarterly, up to 9% p.a.) are paid only if each index is at or above 70% of its initial level on the observation date. At maturity (expected April 19, 2029), if not called: you receive $1,000 plus final coupon if every index is at least 82% of its initial level; between 70%–82%, principal is reduced linearly to as low as 88%; below 70%, principal is reduced further based on the lesser‑performing index and no coupon is paid.
The filing lists an estimated value of $915–$955 per $1,000 at pricing. Denominations are $1,000. The notes are unsecured obligations of GS Finance Corp. and subject to the credit risk of both the issuer and the guarantor. The trade date is expected to be October 15, 2025.
Goldman Sachs (GS) launched a preliminary 424(b)(2) pricing supplement for Callable Fixed Rate Notes due 2045. The notes pay 5.25% per annum from the expected original issue date of October 31, 2025 to the expected stated maturity of October 31, 2045, with interest paid annually on the last calendar day of October. The first interest payment is expected on October 31, 2026.
Goldman Sachs may redeem the notes at 100% of principal plus accrued and unpaid interest, in whole but not in part, on each redemption date (the last calendar day of January, April, July and October) on or after October 31, 2028, with at least five business days’ prior notice. Interest uses the 30/360 (ISDA) day-count convention. The notes will be issued in DTC book-entry form under the Medium‑Term Notes, Series N program, with Goldman Sachs & Co. LLC and InspereX LLC as underwriters. Sales to certain accounts may occur below par per the supplemental plan of distribution, and EEA/UK retail investor restrictions apply.
Goldman Sachs (GS) launched a preliminary 424(b)(2) pricing supplement for Callable Fixed Rate Notes due 2045. The notes pay 5.25% per annum from the expected original issue date of October 31, 2025 to the expected stated maturity of October 31, 2045, with interest paid annually on the last calendar day of October. The first interest payment is expected on October 31, 2026.
Goldman Sachs may redeem the notes at 100% of principal plus accrued and unpaid interest, in whole but not in part, on each redemption date (the last calendar day of January, April, July and October) on or after October 31, 2028, with at least five business days’ prior notice. Interest uses the 30/360 (ISDA) day-count convention. The notes will be issued in DTC book-entry form under the Medium‑Term Notes, Series N program, with Goldman Sachs & Co. LLC and InspereX LLC as underwriters. Sales to certain accounts may occur below par per the supplemental plan of distribution, and EEA/UK retail investor restrictions apply.
Goldman Sachs (GS) launched a preliminary 424(b)(2) pricing supplement for Callable Fixed Rate Notes due 2045. The notes pay 5.25% per annum from the expected original issue date of October 31, 2025 to the expected stated maturity of October 31, 2045, with interest paid annually on the last calendar day of October. The first interest payment is expected on October 31, 2026.
Goldman Sachs may redeem the notes at 100% of principal plus accrued and unpaid interest, in whole but not in part, on each redemption date (the last calendar day of January, April, July and October) on or after October 31, 2028, with at least five business days’ prior notice. Interest uses the 30/360 (ISDA) day-count convention. The notes will be issued in DTC book-entry form under the Medium‑Term Notes, Series N program, with Goldman Sachs & Co. LLC and InspereX LLC as underwriters. Sales to certain accounts may occur below par per the supplemental plan of distribution, and EEA/UK retail investor restrictions apply.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering NVIDIA-linked, no-coupon notes under Rule 424(b)(2). The notes may be automatically called on October 19, 2026 if NVDA’s closing price is at or above the initial price of $183.16, paying $1,200 per $1,000 on October 22, 2026. If not called, they mature on October 14, 2027 with return based on NVDA’s performance.
At maturity: if NVDA is at or above the initial price, the payoff equals $1,000 plus 135% of the index return. If NVDA is below the initial price but down by no more than 30% (i.e., at or above 70%), the payoff reflects the absolute decline (e.g., -10% stock return pays +10%). Below the 70% trigger, losses match the stock’s decline and can result in losing most or all principal.
The notes’ estimated value at pricing is $951 per $1,000. Aggregate face amount is $948,000; the original issue price is 100% with a 2.25% underwriting discount and 97.75% net proceeds. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering NVIDIA-linked, no-coupon notes under Rule 424(b)(2). The notes may be automatically called on October 19, 2026 if NVDA’s closing price is at or above the initial price of $183.16, paying $1,200 per $1,000 on October 22, 2026. If not called, they mature on October 14, 2027 with return based on NVDA’s performance.
At maturity: if NVDA is at or above the initial price, the payoff equals $1,000 plus 135% of the index return. If NVDA is below the initial price but down by no more than 30% (i.e., at or above 70%), the payoff reflects the absolute decline (e.g., -10% stock return pays +10%). Below the 70% trigger, losses match the stock’s decline and can result in losing most or all principal.
The notes’ estimated value at pricing is $951 per $1,000. Aggregate face amount is $948,000; the original issue price is 100% with a 2.25% underwriting discount and 97.75% net proceeds. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering NVIDIA-linked, no-coupon notes under Rule 424(b)(2). The notes may be automatically called on October 19, 2026 if NVDA’s closing price is at or above the initial price of $183.16, paying $1,200 per $1,000 on October 22, 2026. If not called, they mature on October 14, 2027 with return based on NVDA’s performance.
At maturity: if NVDA is at or above the initial price, the payoff equals $1,000 plus 135% of the index return. If NVDA is below the initial price but down by no more than 30% (i.e., at or above 70%), the payoff reflects the absolute decline (e.g., -10% stock return pays +10%). Below the 70% trigger, losses match the stock’s decline and can result in losing most or all principal.
The notes’ estimated value at pricing is $951 per $1,000. Aggregate face amount is $948,000; the original issue price is 100% with a 2.25% underwriting discount and 97.75% net proceeds. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering NVIDIA-linked, no-coupon notes under Rule 424(b)(2). The notes may be automatically called on October 19, 2026 if NVDA’s closing price is at or above the initial price of $183.16, paying $1,200 per $1,000 on October 22, 2026. If not called, they mature on October 14, 2027 with return based on NVDA’s performance.
At maturity: if NVDA is at or above the initial price, the payoff equals $1,000 plus 135% of the index return. If NVDA is below the initial price but down by no more than 30% (i.e., at or above 70%), the payoff reflects the absolute decline (e.g., -10% stock return pays +10%). Below the 70% trigger, losses match the stock’s decline and can result in losing most or all principal.
The notes’ estimated value at pricing is $951 per $1,000. Aggregate face amount is $948,000; the original issue price is 100% with a 2.25% underwriting discount and 97.75% net proceeds. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering NVIDIA-linked, no-coupon notes under Rule 424(b)(2). The notes may be automatically called on October 19, 2026 if NVDA’s closing price is at or above the initial price of $183.16, paying $1,200 per $1,000 on October 22, 2026. If not called, they mature on October 14, 2027 with return based on NVDA’s performance.
At maturity: if NVDA is at or above the initial price, the payoff equals $1,000 plus 135% of the index return. If NVDA is below the initial price but down by no more than 30% (i.e., at or above 70%), the payoff reflects the absolute decline (e.g., -10% stock return pays +10%). Below the 70% trigger, losses match the stock’s decline and can result in losing most or all principal.
The notes’ estimated value at pricing is $951 per $1,000. Aggregate face amount is $948,000; the original issue price is 100% with a 2.25% underwriting discount and 97.75% net proceeds. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary prospectus supplement for auto-callable, income-bearing notes linked to the Class A shares of Robinhood Markets, Palantir Technologies, and the common stock of Tesla. The notes are expected to mature on October 27, 2028, unless automatically called starting in October 2026 through July 2028.
The coupon is contingent each quarter: if each stock closes at or above 60% of its initial price on an observation date, holders accrue $60.625 per $1,000 (6.0625% quarterly, up to 24.25% per year), less prior coupons paid. If any stock is below that 60% level, no coupon is paid for that period. The notes are called if, on a call observation date, each stock is at or above its initial price, returning face amount plus the then-due coupon on the next payment date.
At maturity, if not called and at least one stock finishes at or above its initial price (no “trigger event”), holders receive face amount, plus the final coupon if each stock is at or above 60% of its initial price. If all three finish below their initial prices (a trigger event), repayment is based on the worst performer’s return, capped at face amount and potentially well below it if that stock is under 60%. The estimated value is expected to be $925–$965 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary prospectus supplement for auto-callable, income-bearing notes linked to the Class A shares of Robinhood Markets, Palantir Technologies, and the common stock of Tesla. The notes are expected to mature on October 27, 2028, unless automatically called starting in October 2026 through July 2028.
The coupon is contingent each quarter: if each stock closes at or above 60% of its initial price on an observation date, holders accrue $60.625 per $1,000 (6.0625% quarterly, up to 24.25% per year), less prior coupons paid. If any stock is below that 60% level, no coupon is paid for that period. The notes are called if, on a call observation date, each stock is at or above its initial price, returning face amount plus the then-due coupon on the next payment date.
At maturity, if not called and at least one stock finishes at or above its initial price (no “trigger event”), holders receive face amount, plus the final coupon if each stock is at or above 60% of its initial price. If all three finish below their initial prices (a trigger event), repayment is based on the worst performer’s return, capped at face amount and potentially well below it if that stock is under 60%. The estimated value is expected to be $925–$965 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary prospectus supplement for auto-callable, income-bearing notes linked to the Class A shares of Robinhood Markets, Palantir Technologies, and the common stock of Tesla. The notes are expected to mature on October 27, 2028, unless automatically called starting in October 2026 through July 2028.
The coupon is contingent each quarter: if each stock closes at or above 60% of its initial price on an observation date, holders accrue $60.625 per $1,000 (6.0625% quarterly, up to 24.25% per year), less prior coupons paid. If any stock is below that 60% level, no coupon is paid for that period. The notes are called if, on a call observation date, each stock is at or above its initial price, returning face amount plus the then-due coupon on the next payment date.
At maturity, if not called and at least one stock finishes at or above its initial price (no “trigger event”), holders receive face amount, plus the final coupon if each stock is at or above 60% of its initial price. If all three finish below their initial prices (a trigger event), repayment is based on the worst performer’s return, capped at face amount and potentially well below it if that stock is under 60%. The estimated value is expected to be $925–$965 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary prospectus supplement for auto-callable, income-bearing notes linked to the Class A shares of Robinhood Markets, Palantir Technologies, and the common stock of Tesla. The notes are expected to mature on October 27, 2028, unless automatically called starting in October 2026 through July 2028.
The coupon is contingent each quarter: if each stock closes at or above 60% of its initial price on an observation date, holders accrue $60.625 per $1,000 (6.0625% quarterly, up to 24.25% per year), less prior coupons paid. If any stock is below that 60% level, no coupon is paid for that period. The notes are called if, on a call observation date, each stock is at or above its initial price, returning face amount plus the then-due coupon on the next payment date.
At maturity, if not called and at least one stock finishes at or above its initial price (no “trigger event”), holders receive face amount, plus the final coupon if each stock is at or above 60% of its initial price. If all three finish below their initial prices (a trigger event), repayment is based on the worst performer’s return, capped at face amount and potentially well below it if that stock is under 60%. The estimated value is expected to be $925–$965 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary prospectus supplement for auto-callable, income-bearing notes linked to the Class A shares of Robinhood Markets, Palantir Technologies, and the common stock of Tesla. The notes are expected to mature on October 27, 2028, unless automatically called starting in October 2026 through July 2028.
The coupon is contingent each quarter: if each stock closes at or above 60% of its initial price on an observation date, holders accrue $60.625 per $1,000 (6.0625% quarterly, up to 24.25% per year), less prior coupons paid. If any stock is below that 60% level, no coupon is paid for that period. The notes are called if, on a call observation date, each stock is at or above its initial price, returning face amount plus the then-due coupon on the next payment date.
At maturity, if not called and at least one stock finishes at or above its initial price (no “trigger event”), holders receive face amount, plus the final coupon if each stock is at or above 60% of its initial price. If all three finish below their initial prices (a trigger event), repayment is based on the worst performer’s return, capped at face amount and potentially well below it if that stock is under 60%. The estimated value is expected to be $925–$965 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,644,000 of contingent quarterly coupon notes linked to the S&P 500 Index and Russell 2000 Index. The notes pay $21.875 per $1,000 each quarter (2.1875%, up to 8.75% per year) if both indices are at or above their 70% coupon trigger levels on the observation date; otherwise no coupon is paid.
At maturity on October 16, 2031, if not earlier redeemed, investors receive $1,000 per note if both final index levels are at or above their 70% trigger buffer levels. If either index finishes below its buffer, repayment is reduced by the lesser performing index return, and investors could lose their entire investment. The company may redeem the notes at par on any coupon date from April 2026 through July 2031, plus any due coupon.
Initial index levels are 6,552.51 for the S&P 500 and 2,394.595 for the Russell 2000. The issue price is 100% of face amount, and dealers may receive a structuring fee up to 0.6%. Payments 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 $1,644,000 of contingent quarterly coupon notes linked to the S&P 500 Index and Russell 2000 Index. The notes pay $21.875 per $1,000 each quarter (2.1875%, up to 8.75% per year) if both indices are at or above their 70% coupon trigger levels on the observation date; otherwise no coupon is paid.
At maturity on October 16, 2031, if not earlier redeemed, investors receive $1,000 per note if both final index levels are at or above their 70% trigger buffer levels. If either index finishes below its buffer, repayment is reduced by the lesser performing index return, and investors could lose their entire investment. The company may redeem the notes at par on any coupon date from April 2026 through July 2031, plus any due coupon.
Initial index levels are 6,552.51 for the S&P 500 and 2,394.595 for the Russell 2000. The issue price is 100% of face amount, and dealers may receive a structuring fee up to 0.6%. Payments 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 $1,644,000 of contingent quarterly coupon notes linked to the S&P 500 Index and Russell 2000 Index. The notes pay $21.875 per $1,000 each quarter (2.1875%, up to 8.75% per year) if both indices are at or above their 70% coupon trigger levels on the observation date; otherwise no coupon is paid.
At maturity on October 16, 2031, if not earlier redeemed, investors receive $1,000 per note if both final index levels are at or above their 70% trigger buffer levels. If either index finishes below its buffer, repayment is reduced by the lesser performing index return, and investors could lose their entire investment. The company may redeem the notes at par on any coupon date from April 2026 through July 2031, plus any due coupon.
Initial index levels are 6,552.51 for the S&P 500 and 2,394.595 for the Russell 2000. The issue price is 100% of face amount, and dealers may receive a structuring fee up to 0.6%. Payments 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 $1,644,000 of contingent quarterly coupon notes linked to the S&P 500 Index and Russell 2000 Index. The notes pay $21.875 per $1,000 each quarter (2.1875%, up to 8.75% per year) if both indices are at or above their 70% coupon trigger levels on the observation date; otherwise no coupon is paid.
At maturity on October 16, 2031, if not earlier redeemed, investors receive $1,000 per note if both final index levels are at or above their 70% trigger buffer levels. If either index finishes below its buffer, repayment is reduced by the lesser performing index return, and investors could lose their entire investment. The company may redeem the notes at par on any coupon date from April 2026 through July 2031, plus any due coupon.
Initial index levels are 6,552.51 for the S&P 500 and 2,394.595 for the Russell 2000. The issue price is 100% of face amount, and dealers may receive a structuring fee up to 0.6%. Payments 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 $1,644,000 of contingent quarterly coupon notes linked to the S&P 500 Index and Russell 2000 Index. The notes pay $21.875 per $1,000 each quarter (2.1875%, up to 8.75% per year) if both indices are at or above their 70% coupon trigger levels on the observation date; otherwise no coupon is paid.
At maturity on October 16, 2031, if not earlier redeemed, investors receive $1,000 per note if both final index levels are at or above their 70% trigger buffer levels. If either index finishes below its buffer, repayment is reduced by the lesser performing index return, and investors could lose their entire investment. The company may redeem the notes at par on any coupon date from April 2026 through July 2031, plus any due coupon.
Initial index levels are 6,552.51 for the S&P 500 and 2,394.595 for the Russell 2000. The issue price is 100% of face amount, and dealers may receive a structuring fee up to 0.6%. Payments 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 Digital notes linked to the Energy Select Sector SPDR Fund (XLE). The notes pay no interest and mature on October 21, 2026. For each $1,000 face amount, if the final ETF level on October 16, 2026 is greater than or equal to the initial level of $85.22, holders receive a capped amount of $1,186. If the final level is below $85.22, repayment declines one-for-one with the ETF return, and investors could lose their entire principal.
The initial estimated value is approximately $962 per $1,000 face amount. Aggregate face amount is $885,000 on the original issue date. The original issue price is 100% of face amount, the underwriting discount is 2%, and net proceeds to the issuer are 98% of face amount. The notes are unsecured obligations of GS Finance Corp. and are not listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital notes linked to the Energy Select Sector SPDR Fund (XLE). The notes pay no interest and mature on October 21, 2026. For each $1,000 face amount, if the final ETF level on October 16, 2026 is greater than or equal to the initial level of $85.22, holders receive a capped amount of $1,186. If the final level is below $85.22, repayment declines one-for-one with the ETF return, and investors could lose their entire principal.
The initial estimated value is approximately $962 per $1,000 face amount. Aggregate face amount is $885,000 on the original issue date. The original issue price is 100% of face amount, the underwriting discount is 2%, and net proceeds to the issuer are 98% of face amount. The notes are unsecured obligations of GS Finance Corp. and are not listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital notes linked to the Energy Select Sector SPDR Fund (XLE). The notes pay no interest and mature on October 21, 2026. For each $1,000 face amount, if the final ETF level on October 16, 2026 is greater than or equal to the initial level of $85.22, holders receive a capped amount of $1,186. If the final level is below $85.22, repayment declines one-for-one with the ETF return, and investors could lose their entire principal.
The initial estimated value is approximately $962 per $1,000 face amount. Aggregate face amount is $885,000 on the original issue date. The original issue price is 100% of face amount, the underwriting discount is 2%, and net proceeds to the issuer are 98% of face amount. The notes are unsecured obligations of GS Finance Corp. and are not listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital notes linked to the Energy Select Sector SPDR Fund (XLE). The notes pay no interest and mature on October 21, 2026. For each $1,000 face amount, if the final ETF level on October 16, 2026 is greater than or equal to the initial level of $85.22, holders receive a capped amount of $1,186. If the final level is below $85.22, repayment declines one-for-one with the ETF return, and investors could lose their entire principal.
The initial estimated value is approximately $962 per $1,000 face amount. Aggregate face amount is $885,000 on the original issue date. The original issue price is 100% of face amount, the underwriting discount is 2%, and net proceeds to the issuer are 98% of face amount. The notes are unsecured obligations of GS Finance Corp. and are not listed on any exchange.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital notes linked to the Energy Select Sector SPDR Fund (XLE). The notes pay no interest and mature on October 21, 2026. For each $1,000 face amount, if the final ETF level on October 16, 2026 is greater than or equal to the initial level of $85.22, holders receive a capped amount of $1,186. If the final level is below $85.22, repayment declines one-for-one with the ETF return, and investors could lose their entire principal.
The initial estimated value is approximately $962 per $1,000 face amount. Aggregate face amount is $885,000 on the original issue date. The original issue price is 100% of face amount, the underwriting discount is 2%, and net proceeds to the issuer are 98% of face amount. The notes are unsecured obligations of GS Finance Corp. and are not listed on any exchange.
Goldman Sachs (GS) reported its earnings for the third quarter ended September 30, 2025, and provided related materials.
The press release is attached as Exhibit 99.1 and the investor presentation as Exhibit 99.2. A conference call to discuss results, outlook and related matters was scheduled for October 14, 2025 at 9:30 a.m. ET. Exhibit 99.1 is deemed “filed,” while Exhibit 99.2 is being furnished.
GS Finance Corp. filed a preliminary pricing supplement for Callable Contingent Coupon Index‑Linked Notes due 2030, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Nasdaq‑100, Russell 2000 and S&P 500, and may be redeemed by the company on coupon payment dates in January, April, July and October, beginning April 2026.
The notes pay a contingent monthly coupon of $8.042 per $1,000 (0.8042% monthly, potential up to approximately 9.65% per annum) if each index closes at or above 65% of its initial level on the observation date; otherwise, the coupon is zero. At maturity, if not redeemed, investors receive $1,000 per note if each index is at or above its 55% trigger buffer. If any index is below 55%, the payoff is $1,000 plus $1,000 times the lesser performing index return, which can result in a substantial loss, including the entire principal.
Key risks include issuer and guarantor credit risk, the possibility of receiving no coupons, sensitivity to market volatility and interest rates, lack of listing, and an estimated initial value below the issue price. Coupons are expected to be taxed as ordinary income under the described approach.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering preliminary autocallable notes linked to Palantir Class A, Tesla, and Target. The notes mature on an expected stated maturity of November 4, 2030, but may be automatically called on semi-annual observation dates (April/October) from October 2026 to April 2030 if each stock is at least 86.5% of its initial price.
Coupons are observed monthly. If each stock is at least 80% of its initial price on an observation date, holders receive $5 per $1,000 face amount (0.5% monthly, up to 6% per annum); otherwise they receive $0.834 per $1,000 (0.0834% monthly, up to ~1% per annum). At maturity, holders receive $1,000 plus the final coupon. The expected trade date is October 27, 2025 and the original issue date is October 29, 2025.
The estimated value at pricing is expected between $850 and $890 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantor. The notes will not be listed, and secondary market liquidity may be limited.