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.
GS Finance Corp., a wholly owned subsidiary of The Goldman Sachs Group, Inc., is offering $1,254,000 aggregate face amount of Autocallable Variable Coupon Equity-Linked Notes due July 3, 2030 under its Series F MTN program. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.
Underlying basket: Amazon.com (AMZN), Meta Platforms Class A (META), Palantir Technologies Class A (PLTR), Tesla (TSLA) and NVIDIA (NVDA). The initial prices are set on June 26 2025 at $217.12, $726.09, $144.25, $325.78 and $155.02, respectively.
Coupon mechanics
- Monthly observation dates: 26th of each month from July 2025 to June 2030.
- If each stock closes ≥ 75 % of its initial price, investors receive the maximum coupon of $8.542 per $1,000 (0.8542 % monthly ≈10.25 % p.a.).
- If any stock closes < 75 %, investors receive the minimum coupon of $0.209 (0.0209 % monthly ≈0.25 % p.a.).
Automatic call feature
- Commences June 2026; assessed on every observation date through May 2030.
- The notes are called in whole if all five stocks close ≥ 90 % of their initial price. Payment on the fifth business day after an observation date equals face amount + applicable coupon; no further coupons accrue.
Principal repayment: If not previously called, holders receive $1,000 per note plus the final coupon at maturity; no downside protection on principal prior to maturity is offered.
Pricing & fees
- Issue price: 100 % of face.
- Underwriting discount: 3.75 %; net proceeds: 96.25 %.
- Estimated value at pricing: ~$936 per $1,000, reflecting model-based fair value below issue price. An additional ~$26.50 premium in secondary quotes amortises to zero by Oct 8 2025.
Denominations: $1,000 and integral multiples thereof. CUSIP 40058JLJ2. Original issue date: July 10 2025.
Key risks highlighted
- Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
- Potential to earn only the minimum 0.25 % p.a. if any stock underperforms 75 % trigger.
- High call threshold (90 % for all stocks) may shorten tenor and cap income.
- Liquidity: no listing; market making at GS&Co.’s discretion with bid/ask spreads.
- Estimated value < issue price due to structuring costs and dealer margin.
The prospectus supplement details extensive anti-dilution provisions, market-disruption adjustments, taxation (characterised as a variable-rate debt instrument), and default calculation mechanics. Investors should review the 21 pages of “Additional Risk Factors Specific to Your Notes” beginning at page S-19.