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 $55,176,000 of Autocallable Contingent Coupon Index-Linked Notes due August 3, 2029, linked to the S&P 500, Russell 2000 and Nasdaq‑100 indices.
Investors may receive a $10.334 contingent monthly coupon per $1,000 face amount (about 1.0334% monthly, up to ~12.4% per year) only if on each observation date all three indices are at least 70% of their initial levels. The notes are automatically called, returning face amount plus that month’s coupon, if from October 2026 through June 2029 all indices are at or above their initial levels.
If not called, principal repayment depends on the worst‑performing index. Full principal is repaid if each index is at least 75% of its initial level. Between 70% and 75%, a partial buffer applies via a 25% buffer amount and ~133.33% buffer rate, allowing only limited loss. Below 70%, repayment is reduced in line with the worst index, and investors can lose their entire investment. Payments are unsecured and subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering GE Vernova Inc. common stock-linked notes with an aggregate face amount of $600,000 under its Medium-Term Notes, Series F program. The notes are issued at 100% of face amount with a 1.1% underwriting discount and 98.9% of face amount in net proceeds to the issuer.
The notes pay no interest and mature on September 3, 2027, with the payoff based on GE Vernova’s stock performance. For each $1,000 note, if the final underlier level is at or above the trigger buffer level of 52.65% of the initial level, investors receive a maximum settlement amount of $1,200. If the final level is below the trigger buffer level, the cash settlement equals $1,000 plus $1,000 times the underlier return, producing losses in line with the stock’s decline and potentially a total loss of principal. The initial underlier level is $990.29, and the notes are characterized for tax purposes as a pre-paid derivative contract, with uncertain tax consequences.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering structured Medium-Term Notes, Series F, linked to the Goldman Sachs Momentum Builder® Focus ER Index. The aggregate face amount is $1,137,000, sold at 100% of face with a 1.25% underwriting discount and 98.75% net proceeds to the issuer.
The notes feature an automatic call on August 5, 2027 if the index on the August 2, 2027 call observation date is at or above the initial level of 113.45; in that case holders receive $1,100 per $1,000 face (a 10% premium), and the term ends early. If not called, at maturity on August 3, 2029 investors receive for each $1,000: $1,000 plus 300% of any positive index return, or $1,000 if the index is flat or down, subject to issuer and guarantor credit risk and no interim interest.
The index is a rules-based, daily rebalanced multi-asset strategy with volatility control at 5%, momentum risk control and a 0.65% per annum deduction, operating on an excess-return-over-federal-funds-rate basis. Goldman estimates the notes’ value on the trade date at $941 per $1,000 face, below issue price, with a $59 "additional amount" amortizing to zero by October 30, 2026. For U.S. tax purposes, the notes are treated as contingent payment debt instruments requiring accrual of ordinary income based on a comparable yield of 4.9867% and a projected $1,161.44 payment at maturity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering no-coupon structured notes linked to an equally weighted basket of 11 large-cap technology and industrial stocks. The notes have a face amount of $2.06 million in aggregate (denominations of $1,000) and are issued at 100% of face with a 2% underwriting discount (including up to 0.65% structuring fee), resulting in 98% net proceeds to the issuer.
The initial basket level is 100, with each stock weighted at approximately 9.091%. The notes may be automatically called on August 9, 2027 if the basket level is at or above 100, paying $1,170 per $1,000 on August 12, 2027. If not called, they mature on August 3, 2029, paying: (i) for a positive basket return, $1,000 plus 200% of the basket’s gain; (ii) for basket returns between 0% and -30%, $1,000 plus the absolute basket loss; or (iii) for basket returns below -30%, $1,000 plus the full (negative) basket return, exposing investors to losses beyond a 30% drop, potentially to less than 70% of face.
The notes’ estimated value on the trade date is approximately $920 per $1,000, below issue price, and secondary market prices may be further reduced by dealer spreads and commissions. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., receive no dividends from the basket stocks, and have no shareholder rights. Complex provisions address market disruption events, anti-dilution adjustments and reorganization events.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable contingent coupon notes due June 4, 2029 linked to the VanEck Semiconductor ETF. Investors receive quarterly coupons of $48.125 per $1,000 face amount (4.8125% quarterly, up to 19.25% per annum) only if, on each observation date, the ETF’s level is at or above 80% of its initial level. If the ETF closes below this trigger on an observation date, the coupon for that quarter is $0.
At maturity, if the notes have not been redeemed and the ETF’s final level is at or above the 80% buffer level, investors receive $1,000 per note plus any final coupon. If the final level is below the buffer, principal is reduced one-for-one with the ETF’s decline beyond the 20% buffer, via the formula $1,000 × (1 + buffer rate × (underlier return + buffer amount)); losses can be substantial. Illustratively, at 20% of the initial level, the cash settlement is 40% of face amount, implying a 60% loss, and at 0%, only 20% of face amount is repaid.
The issuer may redeem the notes at par on any coupon payment date from March 2027 through March 2029, paying $1,000 plus any due coupon, which can limit potential income if called when conditions are favorable. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, will not be listed on any exchange, and their estimated value at pricing is less than the original issue price. U.S. tax treatment is uncertain and may involve ordinary income on coupons and constructive ownership rules.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering autocallable S&P 500 Index-linked notes due August 8, 2030 as part of its Medium-Term Notes, Series F program. Each note has a $1,000 face amount, is sold at 100% of face, and pays no interest.
The notes may be automatically called on August 17, 2027 if, on the August 12, 2027 call observation date, the S&P 500 Index is at or above its initial level. In that case, holders receive $1,100 per $1,000 face amount and the investment ends early.
If not called, the maturity payment depends on index performance. Investors receive upside at a 190% participation rate when the final index level exceeds the initial level. A 10% buffer protects against moderate declines, but if the index falls below 90% of its initial level, losses apply at a buffer rate of approximately 111.11%, potentially resulting in a total loss of principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may have limited liquidity, and their estimated value at issuance is less than the original issue price. U.S. federal income tax treatment is uncertain and relies on treatment as a pre-paid derivative contract.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing Autocallable Contingent Coupon Equity‑Linked Notes due 2029 linked to the common stock of NVIDIA Corporation. Each note has a $1,000 face amount and pays contingent quarterly coupons.
On each coupon payment date, the coupon per $1,000 equals ($37 × the number of elapsed coupon observation dates) minus coupons previously paid, but only if NVIDIA’s closing level on the related observation date is at or above the coupon trigger level of 70% of the initial level; otherwise the coupon is $0. The notes are subject to an automatic call if, on any call observation date starting February 8, 2027, NVIDIA’s closing level is at or above its initial level, in which case investors receive $1,000 per $1,000 face amount plus the coupon then due.
If not called, at maturity in August 2029 investors receive $1,000 per $1,000 face amount if the final NVIDIA level is at or above the 70% trigger buffer level. If it is below, repayment is $1,000 + ($1,000 × underlier return), fully exposing investors to downside and potentially resulting in a total loss of principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, will not be listed, and have an estimated value on the trade date that is less than the original issue price. U.S. tax treatment is uncertain and described as an income‑bearing pre‑paid derivative contract.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the EURO STOXX 50 Index with an aggregate face amount of $2,301,000. The notes have an automatic call feature: if on August 13, 2027 the index closing level is at or above the initial level of 6,358.01, the notes are redeemed early and investors receive $1,136.50 per $1,000 face amount on August 18, 2027.
If not called, the notes mature on August 3, 2028 and pay a cash settlement based on index performance, with a 150% upside participation rate for gains and a 15% downside buffer. Below the 85% buffer level, losses accelerate at a buffer rate of approximately 117.65%, and investors can lose their entire principal. The notes pay no interest, are subject to the credit risk of GS Finance Corp. and its parent guarantor, will not be listed on any exchange, and their secondary-market value may be significantly below the issue price. U.S. tax treatment is uncertain and the issuer intends to treat the notes as pre-paid derivative contracts for tax purposes.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500 Futures Excess Return Index-linked Medium-Term Notes, Series F, with an aggregate face amount of $2,148,000. The notes pay no periodic interest and return at least the face amount at maturity on August 5, 2031, subject to issuer and guarantor credit risk.
For each $1,000 note, if the final underlier level exceeds the initial level of 598.42, the cash settlement equals $1,000 plus 137% of the index return; if the final level is equal to or below the initial level, investors receive $1,000. The underlier tracks E-mini S&P 500 futures and can differ materially from the S&P 500 Index, with performance affected by futures pricing, implicit financing costs, and negative roll yields.
The original issue price is 100% of face amount, including a 1.125% underwriting discount, for net proceeds of 98.875% to the issuer. The notes are treated as contingent payment debt instruments for U.S. tax purposes, using a comparable yield of 5.24% per annum and a projected maturity payment of $1,299.92 per $1,000. Market value before maturity may be volatile and influenced by underlier performance, interest rates, and the credit of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is issuing callable index-linked notes with an aggregate face amount of $2,347,000, tied to the Goldman Sachs Momentum Builder ® Focus ER Index. The notes pay no interest and may be automatically called annually if the index closes at or above 101% of the initial index level of 113.45, paying $1,000 plus a call premium of 11.50%, 23.00%, 34.50% or 46.00% depending on the call year.
If not called, at maturity on August 5, 2031 investors receive $1,000 plus 100% of any positive index return; if the index is flat or down, only principal is returned. The index is a rules-based, volatility- and momentum-controlled multi-asset index calculated on an excess-return basis over the federal funds rate and reduced by a 0.65% per annum fee, with potentially large allocations to cash-like positions. The original issue price is 100% of face, but the issuer’s estimated value is $927 per $1,000 at trade, reflecting embedded costs, and the notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.