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 guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to the MSCI EAFE Index and EURO STOXX 50® Index with an aggregate face amount of $212,000. Each note has a $1,000 face amount, is issued at 100% with a 1% underwriting discount, and does not bear interest.
At maturity on August 5, 2031, the cash payment per $1,000 depends on the lesser performing underlier. If both final index levels exceed their initial levels, the return equals 230% of that lesser underlier’s return. If any index finishes at or below its initial level but both remain at or above 70% of their initial levels (the trigger buffer level), investors receive only the $1,000 principal. If any index ends below its trigger buffer, repayment is $1,000 plus $1,000 times the lesser performing underlier return, which can result in a total loss of principal.
The notes expose investors to equity, foreign market and currency risks, as well as the credit risk of GS Finance Corp. and its guarantor. Market value and model-based estimated value may differ from the issue price, secondary liquidity is not assured, and the U.S. tax treatment is uncertain, though they are intended to be treated as pre-paid derivative contracts.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering unsecured Medium-Term Notes, Series F linked to the Goldman Sachs Momentum Builder Focus ER Index. Each note has a $1,000 face amount and matures on March 1, 2030, with the index observed on a determination date of February 26, 2030.
At maturity, holders receive the greater of the face amount or a leveraged equity-linked payoff. If the final index level exceeds the initial index level, the payoff equals $1,000 plus at least 500% of the index return; if the index is flat or lower, investors receive only the face amount and earn no interest. The notes pay no coupons, are subject to the credit risk of both GS Finance Corp. and the guarantor, and may trade below face value before maturity.
The underlying index is a rules-based, daily rebalanced strategy that allocates among equity, fixed income, commodity and cash-equivalent exposures, with a 5% volatility control, a momentum risk control overlay and an annual 0.65% deduction. Significant allocations to hypothetical cash positions and the excess-return and fee structure can materially reduce index performance. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of taxable income over their life.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable contingent coupon notes linked to the VanEck Semiconductor ETF. Each note has a $1,000 face amount, a 20% downside buffer, and ties principal repayment to the ETF’s level at maturity.
Quarterly coupons of at least $41.875 (4.1875% of face) are paid only if the ETF’s closing level on the observation date is at or above 80% of its initial level; otherwise the coupon is zero. The issuer can redeem the notes at par plus any due coupon on any coupon payment date from March 2027 through February 2029.
At maturity, if not redeemed and the ETF’s final level is below the 80% buffer, principal is reduced in line with the ETF’s loss beyond 20%, potentially down to 20% of face. Buyers take on credit risk of GS Finance Corp. and the guarantor, limited liquidity, complex tax treatment and potential loss of most of the invested amount.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering $747,000 of Contingent Income Buffered Auto-Callable Yield Notes linked to the common stock of NVIDIA Corporation. For each $1,000 face amount, investors may receive a monthly contingent coupon of $12 (1.2% per month, up to 14.4% per year) if, on the relevant observation date, NVIDIA’s closing level is at or above the coupon trigger level, set at 70% of the initial level of $200.75.
The notes are automatically called if on any call observation date the NVIDIA closing level is at or above the initial level, returning $1,000 per note plus any due coupon. If not called, payment at maturity depends on NVIDIA’s final level. Principal is protected only down to the trigger buffer level of 60% of the initial level; if the final level is below this buffer, investors lose principal one-for-one with the underlying return and could lose their entire investment. Upside is capped at the return of face amount plus coupons; investors do not benefit from stock appreciation above par and have no shareholder rights.
The notes price at 100% of face amount with a 3% underwriting discount (net 97% to the issuer), mature on August 3, 2029, and are subject to the credit risk of GS Finance Corp. and its parent. The issuer highlights that the modeled estimated value is less than the issue price, secondary market liquidity may be limited, and U.S. tax treatment is uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, equity-linked notes whose payoff depends on an equally weighted basket of six technology and growth stocks: Amazon.com, Meta Platforms, Netflix, Oracle, Palantir Technologies and Robinhood Markets. The notes pay no interest and have an initial basket level of 100, a trade date expected on August 14, 2026, an issue date expected on August 19, 2026, and a stated maturity date expected on August 17, 2028, unless called earlier.
The notes are automatically called on any observation date from August 16, 2027 onward if the basket closing level is at least 100, paying $1,000 plus a call premium of 21%, 26.25%, 31.5% or 36.75%, depending on the call date. If not called, at maturity investors receive: $1,420 per $1,000 if the basket is at or above 100 (a 42% capped return); principal back if the basket is between 60 and 100; and if the basket is below 60, a loss matching the full negative basket return, potentially down to zero. The issuer’s estimated initial value is $925–$965 per $1,000, below issue price, and 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 leveraged buffered notes linked to the VanEck Semiconductor ETF, maturing in 2028. The notes provide 200% upside participation in ETF gains, but returns are capped by a maximum upside settlement amount of at least $1,350 per $1,000 face amount.
The structure includes a 20% downside buffer: if the ETF ends up between 80% and 100% of its initial level, investors receive a positive return equal to the absolute loss of the ETF. Below the 80% buffer level, principal is exposed one-for-one to further declines and investors may lose a substantial portion of their investment. The notes pay no interest, rely on the credit of GS Finance Corp. and its guarantor, may trade below face value before maturity, and carry complex and uncertain U.S. tax treatment as pre-paid derivative contracts.
The Goldman Sachs Group, Inc. reported strong results for the quarter ended June 30, 2026. Total net revenues were $20,338 million, up from $14,583 million a year earlier, driven by higher investment banking, investment management, commissions and fees, and market making. Net interest income rose to $3,954 million from $3,104 million. Pre-tax earnings increased to $8,563 million from $4,958 million, and net earnings grew to $6,628 million, with diluted EPS of $20.98 versus $10.91.
For the first six months of 2026, total net revenues were $37,565 million (vs. $29,645 million) and net earnings were $12,258 million (vs. $8,461 million). The provision for credit losses declined to $102 million for the quarter (from $384 million) and $417 million year-to-date (from $671 million), while operating expenses rose mainly due to higher compensation and transaction-based costs.
As of June 30, 2026, total assets were $2,127,711 million compared with $1,809,320 million at December 31, 2025, and deposits were $557,955 million. Shareholders’ equity was $122,742 million, with 291,171,408 common shares outstanding as of July 17, 2026. Financial instruments at fair value represent a large portion of the balance sheet, but level 3 financial assets were $20,839 million, about 1.0% of total assets, and level 3 financial liabilities were $44,740 million, about 2.2% of total liabilities. Operations are managed in Global Banking & Markets, Asset & Wealth Management and Platform Solutions, with the Apple Card program expected to transition to another issuer under a December 2025 agreement.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Index-linked notes due August 29, 2030 under its Medium-Term Notes, Series F program. The notes provide a cash payment at maturity per $1,000 face amount based on the S&P 500® (SPX) performance from the trade date, August 26, 2026, to the determination date, August 26, 2030.
If the final index level exceeds the initial level, investors receive $1,000 + ($1,000 × index return), capped by a maximum settlement amount of at least $1,302, implying a maximum payoff of about 130.2% of face value in the examples. If the final level is equal to or below the initial level, investors receive only the $1,000 principal, so downside in the index results in zero return rather than loss of principal at maturity, assuming no issuer default. The notes pay no periodic interest and do not provide dividends or voting rights on index constituents.
The issuer highlights that the estimated value on the trade date, based on GS&Co. pricing models, is less than the 100% issue price, and secondary market prices may be lower due to fees, model assumptions, and market factors. The notes are unsecured obligations subject to the credit risk of both GS Finance Corp. and the guarantor and are treated as contingent payment debt instruments for U.S. federal income tax, requiring accrual of ordinary income over the term even though cash is only received at maturity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering no-interest structured notes linked to the common stocks of Netflix, SoFi Technologies and Whirlpool. The notes are automatically callable from August 13, 2027 if each stock’s closing price is at or above its initial level, paying for each $1,000 face amount $1,000 plus $1,000 multiplied by an increasing call premium (70%, 140%, 210% or 280%, depending on call date).
If not called, the August 11, 2031 maturity payoff per $1,000 depends on the worst-performing stock: $4,500 if all finish at or above initial prices; $1,000 if any are below initial but all are at or above 50% of initial; otherwise $1,000 plus the lesser-performing stock return times $1,000, which can result in receiving less than 50% of face and up to a total loss. The structure is subject to complex market disruption and anti-dilution adjustments and to the credit risk of GS Finance Corp. and its guarantor. The estimated initial value is expected to be between $885 and $925 per $1,000.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing $1,715,000 of Leveraged Callable EURO STOXX 50® Index-Linked Notes due August 4, 2031. The notes are issued at 100% of face amount, with a 2.5% underwriting discount and 97.5% net proceeds to the issuer, and have an estimated value on the trade date of approximately $959 per $1,000 face amount.
The notes pay no interest. If not called, at maturity investors receive at least the $1,000 face amount per note, plus leveraged upside: a 200% upside participation in the positive return of the EURO STOXX 50® Index from the initial level of 6,344.40 on July 30, 2026 to the determination date on July 30, 2031. If the index return is zero or negative, only face amount is repaid.
GS Finance Corp. may, at its option, redeem all notes on quarterly call payment dates from August 4, 2027 through May 5, 2031, at 100% of face amount plus a call premium ranging from 11.6% to 55.1%. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and may have limited or no secondary market liquidity.