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. is issuing medium-term notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount is $1,881,000 and the notes are issued at 100% of face value.
At maturity, for each $1,000 note, investors receive: $1,000 plus 220% of the positive underlier return if the final underlier level exceeds the initial level; the full $1,000 if the final level is at or above the 70% trigger buffer level; or $1,000 plus the underlier return (one-for-one loss) if the final level falls below 70% of the initial level, which can result in a total loss of principal. The notes pay no interest and their value and repayment depend on both index performance and the credit of GS Finance Corp. and its parent guarantor.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is issuing $3,835,000 of equity-linked medium-term notes tied to the Russell 2000 Index and the S&P 500 Index. The notes pay no interest and may be automatically called on August 12, 2027 if, on the August 9, 2027 call observation date, each index is at or above its initial level. In that case, investors receive $1,153 per $1,000 face amount (115.3% of face) and the notes terminate early.
If not called, the notes mature on August 3, 2029. At maturity, the cash payment per $1,000 depends on the lesser performing index. If both final index levels exceed their initial levels, investors receive $1,000 plus 125% of the lesser index gain. If the lesser index ends between its 80% buffer level and its initial level, investors receive full principal. If the lesser index finishes below 80% of its initial level, principal is reduced one-for-one with the loss beyond the 20% buffer, which can lead to a substantial loss of invested amount.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent guarantor. The estimated initial value is less than the issue price due to structuring fees and other costs, and secondary market liquidity and pricing are uncertain. U.S. federal income tax treatment is uncertain, with Goldman and its counsel treating the notes as a pre-paid derivative contract for tax purposes.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering $887,000 of Medium-Term Notes, Series F, whose payment at maturity is linked to the S&P 500 Futures Excess Return Index. The notes pay no interest and are repaid in cash at maturity based on index performance from the trade date to the determination date.
If the final index level is above the initial level of 598.42, the payoff equals principal plus 212.5% of the index gain. If the final level is at or below the initial level, investors lose 1% of principal for each 1% index decline, down to a total loss of principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, may have limited secondary market liquidity, and their estimated value at pricing is less than the 100% issue price due to dealer compensation, hedging and structuring costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $624,000 aggregate face amount of callable S&P 500® Index-linked notes due August 6, 2031. The notes are issued at 100% of face amount, with an underwriting discount of 1.125%, resulting in net proceeds of 98.875% of face.
The notes pay no interest and may be redeemed at the issuer’s option on monthly call payment dates from August 2027 to July 2031 at $1,000 plus a call premium per $1,000, with call premiums starting at 13.0008% and rising to 63.9206%. If not redeemed, the maturity payoff depends on S&P 500® performance from the initial underlier level of 7,489.72 to the determination date. Gains are leveraged at a 150% upside participation rate. A 15% buffer protects against moderate declines, but if the index falls below 85% of the initial level, investors lose principal on a 1:1 basis beyond the buffer and can lose a substantial portion of their investment. The estimated value at pricing is approximately $978 per $1,000 face, below issue price, and payments are subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500 Futures Excess Return Index-linked notes with an aggregate face amount of $950,000 under its Medium-Term Notes, Series F program. For each $1,000 note held to maturity, if the final underlier level exceeds the initial level of 598.42, the payoff equals $1,000 plus 141% of the index gain. If the index is flat or down by up to the 20% buffer (to the 80% buffer level), investors receive only the $1,000 face amount. Below the buffer level, principal is reduced 1% for each 1% additional decline, with examples showing a final level at 20% of the initial producing only 40% of face, and 0% producing 20% of face. The notes bear no interest, are subject to the credit risk of GS Finance Corp. and the guarantor, may trade below face before maturity, and are not equivalent to owning S&P 500 stocks or futures directly.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $7,075,000 of Medium-Term Notes, Series F, whose return is linked to the Class A common stock of Meta Platforms, Inc. The notes pay a contingent monthly coupon of $9.417 per $1,000 face amount (0.9417% monthly, up to about 11.30% per annum) only if the Meta share price on the relevant observation date is at or above the coupon trigger level, set at 58% of the $556.71 initial underlier level.
The notes are subject to an automatic call on scheduled call dates from February 2027 through August 2027 if Meta’s closing level is at or above the initial level; in that case, investors receive $1,000 per note plus any due coupon, ending the investment early. If the notes are not called, and the final Meta level on the August 31, 2027 determination date is at or above the 58% trigger buffer level, investors receive full principal back; if it is below that level, principal is reduced one-for-one with the underlier return, and investors could lose their entire investment.
The original issue price is 100% of face, with a 2.15% underwriting discount and 97.85% net proceeds to the issuer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, will not be listed on an exchange, may have limited or no secondary market, and have an estimated value at pricing that is less than the issue price. The U.S. federal income tax treatment is uncertain and relies on an income-bearing pre-paid derivative contract characterization.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes due September 3, 2027 with a total face amount of $443,000. The notes pay no interest and the cash payment at maturity depends on the lesser performing of the Russell 2000® Index and the S&P 500® Index between the July 31, 2026 trade date and the August 31, 2027 determination date.
If both index returns are zero or positive, investors receive $1,000 plus the lesser performing index return (upside participation 100%) per $1,000 note. If any index is negative but both remain at or above 90% of their initial level (a 10% buffer), investors receive the absolute value of the lesser loss, turning modest index declines into gains. If any index finishes below 90% of its initial level, the return becomes negative and equals the lesser performing index return plus 10%, so losses beyond the 10% buffer translate into principal loss; up to a substantial portion of capital can be lost.
The original issue price is 100% of face amount, with a 0.8% underwriting discount and net proceeds of 99.2% to the issuer. The initial estimated value is approximately $987 per $1,000, reflecting structuring and distribution costs. Payments are subject to the unsecured credit risk of GS Finance Corp. and its parent guarantor.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500 Index-linked Medium-Term Notes, Series F, with an aggregate face amount of $175,000. Each note has a $1,000 face amount and pays no interest.
At maturity on February 5, 2032, holders receive for each $1,000 the greater of $1,000 or $1,000 plus the S&P 500 underlier return, capped at a maximum settlement amount of $1,560. The initial underlier level is 7,489.72. Principal is protected at maturity but payments depend on the issuer’s and guarantor’s credit.
The original issue price is 100% of face, with a 2% underwriting discount plus up to 0.55% structuring fee. The notes are treated as contingent payment debt instruments for U.S. tax purposes, using a comparable yield of 5.2925% per annum and a projected maturity payment of $1,338.57 per $1,000. The notes are not listed, and any secondary market will be limited and may price below face.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Medium-Term Notes, Series F with an aggregate face amount of $1,656,000 linked to the common stock of NVIDIA Corporation. The notes pay a contingent monthly coupon: for each $1,000 face amount, a coupon accrues at $9.584 per observation date only if the underlier’s closing level is at or above the coupon trigger level, set at 75% of the initial underlier level of $200.75.
The notes are subject to an automatic call if NVIDIA’s closing level on any call observation date is at or above the initial level; in that case, investors receive $1,000 per note plus the due coupon, ending the investment early. At maturity, if not called, investors receive $1,000 per note if the final underlier level is at or above the 75% buffer level; below this, principal is reduced linearly with a 25% buffer, and investors may lose a substantial portion of principal. Upside is capped at return of face amount plus coupons, even if NVIDIA doubles.
The original issue price is 100% of face, with a 0.65% underwriting discount and 99.35% net proceeds to the issuer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, are not listed on any exchange, and may have limited secondary market liquidity. Tax treatment is uncertain; Sidley Austin LLP views the notes as income-bearing prepaid derivative contracts for U.S. federal income tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $19,876,000 of Trigger Autocallable GEARS linked to the S&P MidCap 400 Index, maturing in 2029, in $10 denominations with a $1,000 minimum purchase. The notes can be automatically called on August 9, 2027 if the index is at or above 100% of its initial level, paying $10 plus a 12.30% call return per $10. If not called, at maturity investors receive $10 plus 1.50 times any positive index return, $10 if the index is between 70% and 100% of its initial level, or participate one-for-one in any decline below 70%, potentially losing their entire investment. The initial index level is 3,758.64, downside threshold is 70% of that level, and the estimated value on the trade date is $9.84 per $10 face amount. Payments depend entirely on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc. and the notes pay no coupons.