GOLDMAN SACHS GROUP INC (GS) SEC Filings, Mar 17, 2026

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Alphabet Inc. (Bloomberg: GOOGL UW), pay a contingent quarterly coupon of $30 per $1,000 (3% quarterly, up to 12.00% per annum) if the underlier is at or above 70% of the initial level on each coupon observation date, and are automatically called if the underlier is at or above the initial level on any call observation date. The trade date is March 18, 2026 and the original issue date is March 23, 2026. At maturity the cash settlement equals $1,000 if the final underlier level is at or above the 70% trigger buffer; otherwise the cash settlement equals $1,000 × underlier return, meaning an investor could lose up to 100% of their investment. The original issue price is 100% of face, underwriting discount 2%, net proceeds to issuer 98% of face. Pricing, final initial underlier level, and other terms will be set on the trade date; purchasers bear credit risk of the issuer and guarantor.

The offering describes GS Finance Corp. notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $1,312,000. The notes pay no periodic interest, have an upside participation rate of 100%, and are subject to an automatic call on annual observation dates if the index closes at or above rising call levels that carry specified call premiums. If not called, at maturity the cash payment per $1,000 face amount equals $1,000 plus the upside participation rate times the index return if the final index level exceeds the initial index level; otherwise the holder receives $1,000.

Key economic dates and figures shown include: trade date March 13, 2026, original issue date March 18, 2026, determination date March 13, 2034, stated maturity March 20, 2034, initial index level 112.22, estimated trade‑date value $900 per $1,000 face amount, original issue price 100%, underwriting discount 4.25%, and an additional amount of $57.5 that phases out by June 12, 2026. The notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both entities.

GS Finance Corp. is offering structured, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. linked to ADS of Taiwan Semiconductor Manufacturing Company Limited (5-for-1 ADS) and the common stocks of NVIDIA, Meta Platforms and Tesla. The notes mature on April 1, 2031 (expected) unless automatically called on observation dates beginning in March 2027. Monthly coupons per $1,000 face amount pay either a $8.459 maximum (if every index stock on the observation date is >= 80% of its initial price) or a $0.209 minimum. The trade date is expected to be March 25, 2026 and the original issue date is expected to be March 30, 2026. The estimated value at pricing is between $885 and $925 per $1,000 face amount, reflecting underwriting and costs.

GS Finance Corp. priced a structured note linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (SPAR4V6 Index). The notes pay a coupon of $12.50 per $1,000 (1.25% monthly, up to 15% per annum), mature on March 18, 2031, and may be automatically called on qualifying monthly observations commencing September 2026. A coupon is paid only if the SPAR4V6 Index closing level on a coupon observation date is ≥ 70% of its initial level (421.18); a trigger event at maturity occurs if both underliers close below their initial levels (421.18 for SPAR4V6; 6,632.19 for SPX). The SPAR4V6 Index can use up to 500% leverage, is subject to a 6.0% per annum daily decrement, and the issuer disclosed an estimated value of approximately $943 per $1,000 face amount on the trade date.

GS Finance Corp. is offering $17,785,000 of autocallable, buffered EURO STOXX 50® Index-linked notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on specified call observation dates beginning in March 2027 if the index closing level is ≥ 90% of the initial level of 5,716.61. If automatically called, holders receive $1,000 plus a call premium (table lists call premium amounts up to 49.4%). If not called, maturity payoff depends on the final underlier level on the determination date March 13, 2031: a capped maximum of $1,520 per $1,000 face amount if final level ≥ 90%; return of principal if final level is between 85% and 90%; and a downside exposure below the 85% buffer with a buffer rate of approximately 117.65%, potentially resulting in a total loss. The estimated value on the trade date was about $989 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. offers principal-at-risk, non‑interest notes linked to Meta Platforms, Inc. stock with an automatic call feature. The notes have a trade date of March 13, 2026, an original issue date of March 18, 2026, and a stated maturity of March 16, 2028.

If the notes are automatically called (call observation date March 29, 2027) and the closing price of Meta is ≥ the initial index stock price of $613.71, holders receive $1,210.50 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the final index stock price on the determination date March 13, 2028, with a threshold settlement amount of $1,421, a buffer at 85% of the initial price, and a buffer rate of ~117.65%. The estimated value on the trade date is approximately $972 per $1,000 face amount. The offering face amount was $2,626,000 aggregate at issuance; underwriting discount is 1.5% and net proceeds 98.5% of face amount. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering an aggregate $5,023,000 of Buffered Performance Leveraged Upside Securities (PLUS) linked to the EURO STOXX 50® Index. The PLUS pay at maturity on October 4, 2028 and provide 200.00% leveraged upside subject to a 15.00% buffer, a maximum payment of $1,347 per $1,000 and a minimum payment of $150 per $1,000. The pricing date is March 13, 2026 and the original issue date is March 18, 2026. Payments are unsecured, subject to issuer and guarantor credit risk, and the estimated value at issuance was approximately $961 per PLUS.

GS Finance Corp. offers contingent monthly-coupon, auto-callable notes guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, aggregate face amount of $1,119,000, trade date March 13, 2026, original issue date March 18, 2026, and stated maturity March 22, 2032.

Coupons of 1.2% monthly (up to 14.40% annually) are payable on each coupon payment date only if the closing level of each underlier (Micron, NVIDIA, Tesla) is at least 80% of its initial underlier level. The notes are automatically called on a call payment date if each underlier is at or above its initial level on the related call observation date; an automatic call pays the $1,000 face amount plus any coupon then due. The pricing supplement states an estimated value of $940 per $1,000 face amount and an additional amount of $18.75 that declines to zero on June 12, 2026. The issue price is 100% with an underwriting discount of 4.125% (net proceeds 95.875%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffer‑linked medium‑term notes tied to the S&P 500® Index. The offering covers an aggregate face amount of $34,884,000 in notes with a $1,000 face amount per note. The trade date is March 13, 2026, original issue date March 18, 2026, determination date March 29, 2027 and stated maturity date April 1, 2027.

The notes pay no interest and return at maturity depends on the S&P 500 closing level. If the final underlier level is ≥ the buffer level (85% of the initial level) the cash payment is capped at the maximum settlement amount of $1,081.50 per $1,000 face amount. If the final underlier level is below the buffer level, holders may incur losses: the structure reduces principal by approximately 1.1765% of face for each 1.00% decline below the buffer and could lose the entire investment. The original issue price is 100% of face, underwriting discount 1%, net proceeds 99% of face.