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 leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, which tracks E-mini S&P 500 futures rather than the cash S&P 500 Index. The notes pay no interest and return a cash amount at maturity based on index performance from the trade date to the determination date.
If the final index level is above the initial level, holders receive $1,000 plus at least 151.25% of the index gain. If the index falls but stays at or above 90% of the initial level, investors receive the $1,000 face amount. Below this 10% buffer, principal is reduced dollar-for-dollar with further declines, and investors can lose a substantial portion of their investment.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. Key risks highlighted include the estimated value being lower than the issue price, potentially limited or no secondary market, sensitivity to interest rates and volatility, structural risks from futures pricing and negative roll yield, lack of any rights in the underlying stocks or futures, tax uncertainty, and conflicts of interest as Goldman Sachs & Co. LLC acts as underwriter and market maker.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term market-linked notes tied to the iShares® Bitcoin Trust ETF. Each security has a $1,000 face amount, no periodic interest, no principal protection and is designed to be held to March 2, 2028 unless it is called early.
The notes can be automatically called on March 4, 2027 if the ETF’s closing price is at or above the starting price, paying $1,000 plus a call premium of at least 25%. If not called, at maturity investors get: 150% of any ETF price increase; a positive “contingent absolute return” up to 25% if the ETF is flat or down by no more than 25%; or 1‑for‑1 downside if the ETF falls more than 25%, with up to 100% loss of principal. The threshold price is 75% of the starting price. The issuer’s estimated value is $900–$930 per $1,000, below the $1,000 offering price, reflecting fees and structuring costs. All payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are exposed to the significant volatility and regulatory risks of bitcoin via the ETF.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing callable 10‑Year CMT Rate‑Linked Range Accrual Notes with an aggregate face amount of $475,000. The notes pay interest monthly through January 27, 2031, but only for days in each interest period when the 10‑year constant maturity Treasury (CMT) rate is at or below 4.70%. The annualized interest rate for a period equals the fraction of such qualifying days multiplied by a fixed 7.00% interest factor, using a 30/360 (ISDA) day‑count convention.
The issuer may redeem the notes at 100% of face amount plus accrued interest on any monthly interest payment date on or after January 27, 2027, so investors face reinvestment risk if rates are favorable. If the 10‑year CMT rate is above 4.70% on every reference date in an interest period, no interest is paid for that month. At maturity, if the notes have not been redeemed, investors receive the $1,000 principal per note plus any accrued interest.
The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are not bank deposits or FDIC‑insured. The estimated value at pricing is approximately $966.10 per $1,000 face amount, below the 100% issue price, reflecting underwriting discounts, structuring costs and dealer economics, and secondary market prices may be lower and less liquid.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable equity-linked notes maturing in February 2031 that pay no interest and return principal in cash at maturity, subject to issuer and guarantor credit risk. The notes are linked to the lesser performance of Alphabet Class A, Amazon.com and NVIDIA common stock.
If, on the determination date in January 2031, all three stocks finish above their initial prices, holders receive $1,000 plus 300% of the gain of the worst-performing stock; if any stock is at or below its initial price, only the $1,000 face amount is paid. GS may redeem the notes monthly from February 2027 to January 2031 at 100% of face amount plus a preset call premium that steps up over time to 76.2103%.
The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be $885–$935 per $1,000 face amount, reflecting structuring and distribution costs, and secondary market prices may be lower. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring annual accrual of taxable income even though no cash is paid until redemption or maturity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable notes linked to the Nasdaq‑100 Index®, expected to mature on March 3, 2031. Each note has a $1,000 face amount, pays no interest and returns at least that face amount at maturity if not redeemed early.
At maturity, if the index is above its initial level, investors receive $1,000 plus 100% of the index’s percentage gain applied to $1,000. If the index is flat or lower, they receive $1,000. The notes are callable monthly from March 2027 through February 2031 at 100% of face amount plus a call premium that starts at at least 8.25% and steps up over time to at least 40.5625%, as specified in the schedule.
The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount, reflecting structuring and distribution costs. U.S. tax rules treat the notes as contingent payment debt instruments, requiring accrual of taxable income over their life even though no periodic interest is paid.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Digital S&P 500 Index-Linked Notes due 2028 under its medium-term note program. The notes pay no interest and the amount repaid at maturity depends on the S&P 500 Index level on the determination date versus its initial level on the trade date.
If the final index level is at or above 80% of the initial level (the trigger buffer level), holders receive a maximum settlement amount of at least $1,140 per $1,000 face amount, capping upside even if the index more than doubles. If the final level falls below the trigger buffer, principal is reduced 1% for each 1% decline from the initial level, so investors can lose up to their entire investment.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, may have limited or no secondary market, and carry uncertain U.S. tax treatment, which counsel currently characterizes as a prepaid derivative contract on the index.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering basket-linked notes due in 2029 whose payoff depends on a weighted basket of TOPIX, the S&P 500® Index and the EURO STOXX 50® Index.
The notes pay no interest$1,000 note, investors receive $1,000 plus or minus the product of $1,000 and a "weighted return" based on index performance from the 2026 trade date to the 2029 determination date. The best-performing index gets a 45% weight, the second 40% and the worst 15%.
If the weighted return is positive, investors gain that percentage. If it is between 0% and -15%, investors receive full principal back. If it is below -15%, investors lose principal in line with the weighted return and could lose their entire investment.
The notes are unsecured obligations of GS Finance Corp., subject to the credit risk of both the issuer and guarantor. The estimated value on the trade date is expected to be $925–$965 per $1,000 face amount, less than the original issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Nasdaq-100 Technology Sector Index-linked notes with an aggregate face amount of $2,230,000. The notes have a two-year term, no interest, and may be automatically called on the January 29, 2027 call observation date if the index is at or above its initial level of 13,113.56. If called, investors receive $1,120 per $1,000 face amount on the February 3, 2027 call payment date.
If not called, the maturity payment on January 27, 2028 depends on index performance, with a 125% upside participation rate for gains and a 10% downside buffer: full principal is repaid if the index is at or above 90% of the initial level, but losses match index declines beyond that, down to a minimum of 10% of face value if the index falls to zero. The notes do not provide dividends or shareholder rights, their market value can be volatile and below face, their estimated value at pricing is less than the issue price, and repayment depends on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes tied to the S&P 500 Index and the Russell 2000 Index. The notes do not pay interest and return depends on the lesser performing index over roughly a two-year period from the expected 2026 trade date to the expected 2028 determination date.
If both indexes finish at or above their initial levels, investors receive their $1,000 face amount per note plus the lesser index gain multiplied by an upside participation rate set at no less than 102%. If any index is down but both stay at or above 75% of their initial levels, investors get the absolute value of the lesser loss as a positive return. If any index falls below 75% of its initial level, repayment is reduced one-for-one with the lesser index’s loss and investors can lose most or all of their principal.
The estimated value at pricing is expected to be between $925 and $965 per $1,000 face amount, reflecting structuring costs and dealer compensation, and may differ from secondary market prices. Repayment is subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the common stock of NVIDIA, Charles Schwab and Netflix. The notes are expected to mature on January 26, 2029, unless automatically called starting in July 2026 when, on a call observation date, the closing price of each stock is at least its initial price ($187.67 for NVIDIA, $102.18 for Schwab and $86.12 for Netflix, each set on January 23, 2026).
On each monthly coupon observation date, holders receive a coupon only if every stock closes at or above 60% of its initial price. The formula targets $10.542 per $1,000 per month (about 1.0542% monthly, up to roughly 12.65% per year) on a catch-up basis, but coupons can be zero for long periods. If the notes are not called, principal repayment depends on a trigger test at final valuation: if all three stocks close at or above their initial prices, investors receive full principal; if all are below and at least one falls under 50% of its initial price, repayment is reduced in line with the worst-performing stock and can fall well below 50% of face amount.
The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry their credit risk. The estimated value at pricing is expected to be $925–$955 per $1,000 face amount, below the 100% issue price.