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., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $797,000 of structured notes linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and are part of the Medium-Term Notes, Series F program.
At maturity on August 3, 2029, for each $1,000 face amount investors receive cash based on index performance: if the final underlier level is above the initial level, the payoff is $1,000 plus 165% of the index gain. If the index finishes at or above the 90% buffer level, investors receive $1,000. Below the buffer, principal declines 1% for each 1% drop beyond the 10% buffer, and a substantial loss of principal is possible.
The underlier tracks E-mini S&P 500 futures, not the S&P 500 Index itself, and its level is affected by futures financing costs and negative roll yields. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent, may have limited liquidity, and the estimated value at pricing is less than the 100% original issue price.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Index-linked notes with an aggregate face amount of $1,734,000 under its Medium-Term Notes, Series F program. The notes have an original issue price of 100% of face amount, an underwriting discount of 0.75% and net proceeds of 99.25%.
The notes may be automatically called on August 9, 2027 if, on the August 2, 2027 call observation date, the S&P 500® closing level is at or above the initial underlier level of 7,489.72. In that case, holders receive a fixed $1,055 per $1,000 face amount and the term ends early. If not called, at the August 7, 2029 maturity investors receive, per $1,000, either $1,000 + $1,000 × 100% × underlier return when the final index level exceeds the initial level, or $1,000 if the index is flat or lower.
The notes do not bear interest, expose holders to the credit risk of GS Finance Corp. and its guarantor, and may trade below face value. For U.S. tax purposes they are treated as contingent payment debt instruments, with a comparable yield of 5.00% per annum and a projected payment at maturity of $1,162.52 per $1,000 used to determine taxable ordinary income over the life of the notes.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an aggregate face amount of $650,000 and an original issue price of 100% of face amount, with net proceeds of 99.75% of face amount after a 0.25% underwriting discount.
The notes may be automatically called semi-annually if the index closing level on a call observation date is at least the initial index level of 113.45, paying for each $1,000 face amount $1,000 + ($1,000 × call premium), with call premiums from 10.50% to 68.25%. If never called, the August 4, 2033 maturity payoff per $1,000 is: $1,000 + ($1,000 × 73.5%) if the final index level is at least the initial level, or $1,000 otherwise, so downside is limited to return of principal, subject to issuer and guarantor credit risk.
The index is a rules-based, volatility-controlled, momentum strategy allocating among equity, fixed income, commodity and cash-equivalent exposures, calculated on an excess-return basis over the federal funds rate and subject to an additional 0.65% per annum deduction. The estimated value on the trade date is $944 per $1,000, below issue price, and for U.S. tax purposes the notes are treated as contingent payment debt instruments with a comparable yield of 5.4413%, requiring accrual of ordinary income over the life of the notes.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the VanEck Semiconductor ETF (SMH) with an aggregate face amount of $2,245,000. The notes pay a contingent quarterly coupon of $54.375 per $1,000 (5.4375% quarterly, up to 21.75% per annum) only if on each coupon observation date the ETF’s closing level is at or above the coupon trigger level, set at 80% of the initial underlier level.
At maturity on May 3, 2029, if not previously redeemed, investors receive per $1,000 face amount: $1,000 if the final underlier level is at or above the buffer level (also 80% of the initial level), or $1,000 + ($1,000 × buffer rate × (underlier return + buffer amount)) if below the buffer, exposing investors to substantial downside, with examples showing losses down to 80% of principal. Upside in the ETF above the initial level does not increase principal repayment.
The company may, at its option, redeem the notes in whole on any coupon payment date from February 2027 through February 2029 at $1,000 per $1,000 of face amount plus any due coupon. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on any exchange, and may have limited secondary market liquidity. The initial issue price is 100% of face amount, with a 1% underwriting discount and 99% net proceeds to the issuer.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $8,850,000 of Contingent Income Auto-Callable Securities with Memory Coupon linked to the Class A common stock of Alphabet Inc. The notes are issued at 100% of principal in $1,000 denominations and are principal at risk unsecured obligations.
The notes pay a contingent quarterly coupon of $26.25 per $1,000 per observation period, using a memory feature, only if Alphabet’s closing price on the relevant observation date is at or above the downside threshold price of $231.4845 (65.00% of the $356.13 initial share price. Missed coupons can be paid later if the threshold is met. If on any call observation date the stock closes at or above the initial share price, the notes are automatically called and investors receive $1,000 plus the coupon then due.
If not previously called and the final share price on July 31, 2029 is below the downside threshold, repayment of principal is reduced 1-to-1 with the share performance factor and can fall to zero. Investors do not participate in any upside of Alphabet’s stock. The estimated value is approximately $975 per $1,000 note, reflecting underwriting discount and structuring costs, and the notes are subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the EURO STOXX 50® Index with an aggregate face amount of $1,114,000. The notes are issued at 100% of face amount, do not bear interest, and may be automatically called on August 12, 2027 if the index on the August 9, 2027 call observation date is at or above the initial level of 6,358.01, in which case investors receive $1,196 per $1,000 face amount.
If not called, the August 3, 2029 maturity payoff depends on index performance, with a 150% upside participation rate for gains and full principal return if the final level is between 80% and 100% of the initial level. If the final level is below the 80% trigger buffer level, principal is exposed one-for-one to index losses and investors may lose their entire investment. The notes carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade below issue price, are not listed, and involve complex tax and valuation considerations described in the risk and tax sections.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index with an aggregate face amount of $5,291,000.
The notes pay a contingent monthly coupon of $8.792 per $1,000 face amount (0.8792% monthly, up to ~10.55% per annum) only if on each observation date every underlier is at or above its coupon trigger level of 70% of the initial level. The notes are automatically called quarterly if all underliers are at or above their initial levels, returning principal plus the due coupon.
If not called, at maturity in 2028 investors receive $1,000 per note if every underlier’s final level is at or above its 60% trigger buffer level; otherwise repayment is reduced based on the “lesser performing” index and can fall to $0, so the entire investment can be lost. The issuer warns that the estimated value at trade date is less than the 100% issue price, market value may be volatile and illiquid, investors bear full credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and U.S. tax treatment is uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering basket-linked notes tied to an equally weighted basket of 11 semiconductor and infrastructure stocks. The notes pay no interest and have an initial basket level of 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 least 100, paying $1,220 per $1,000 on August 12, 2027. If not called, at maturity on August 3, 2029 investors receive: leveraged upside at a 200% participation rate for positive basket returns; a positive payoff equal to the absolute basket return when the basket is between 70 and 100; and full downside exposure if the basket falls below the 70% trigger buffer level, potentially losing most or all principal.
The aggregate face amount is $3,825,000, issued at 100% of face with a 0% underwriting discount plus up to 0.65% structuring fee. The issuer’s estimated value is about $940 per $1,000 at pricing, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering Russell 2000® Index‑linked notes with an aggregate face amount of $125,000 under its Medium‑Term Notes, Series F program. The notes mature on August 5, 2031, with the payoff based on the index level on the July 31, 2031 determination date.
For each $1,000 note, investors receive: (1) if the final index level is above the initial level, 100% upside participation in the index return; (2) if the final level is between 85% and 100% of the initial level, return of face value; (3) if the final level is below 85%, a linear loss matching the index decline beyond the 15% buffer, potentially reducing principal to as low as 15% of face value. The notes pay no interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, with limited liquidity, an estimated value below the 100% issue price, and uncertain U.S. tax treatment characterized as a pre‑paid derivative contract in respect of the underlier.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $1,200,000 of Medium-Term Notes, Series F, linked to three equity indices: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index.
The notes pay a contingent monthly coupon of $9.167 per $1,000 face amount (0.9167% monthly, up to about 11.00% per year) only if on each observation date every underlier is at or above 70% of its initial level (the coupon trigger level). The same 70% level serves as a trigger buffer for principal protection.
The notes are subject to an automatic call feature: if on any call observation date each underlier is at or above its initial level, investors receive $1,000 per note plus the due coupon, and the notes terminate early. If the notes are not called and, at maturity on August 3, 2029, any underlier finishes below its 70% trigger buffer level, repayment of principal is reduced one-for-one with the return of the worst-performing index, down to a total loss of investment.
Investors face the credit risk of GS Finance Corp. and its parent, potential illiquidity, market value sensitivity to many factors, and uncertain U.S. tax treatment, with the notes intended to be treated as income-bearing prepaid derivative contracts.