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® Index, maturing in January 2029. The notes pay no interest and repayment depends entirely on index performance between January 22, 2026 and the January 23, 2029 determination date.
If the S&P 500® final level is above its initial level, investors receive enhanced upside at a 150% participation rate, but the payoff per $1,000 is capped at a maximum settlement amount of $1,340. If the index is flat or down by up to the 10% buffer (index at or above 90% of the initial level), investors receive back the $1,000 face amount.
If the index falls more than 10%, investors lose principal on a 1-for-1 basis beyond the buffer, potentially resulting in a substantial loss. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade below face value, and will not be listed on any exchange.
The Goldman Sachs Group, Inc. is offering $4,270,000 of unsecured callable notes due January 23, 2032. The notes do not pay periodic interest. Instead, investors receive $1,000 principal plus a fixed premium at redemption or maturity.
Goldman Sachs may redeem the notes in whole (not in part) on specified annual call payment dates from January 23, 2027 through January 23, 2031. For each $1,000 note, the call amount equals $1,000 plus a call premium of 5% in 2027, rising in 5% steps to 25% in 2031. If the notes are held to the stated maturity date of January 23, 2032, the cash payment per $1,000 note will be $1,000 plus a 30% maturity date premium, corresponding to a 4.47% yield to maturity based on annual compounding and the Actual/365 (Fixed) day count convention.
The original issue price is 100% of principal, with a 1.1% underwriting discount and 98.9% of principal as net proceeds to the issuer. The notes are not insured by the FDIC, will not be listed on any exchange, and are subject to the credit risk of Goldman Sachs, market value volatility, potential illiquidity, original issue discount tax rules and FATCA. Sales are restricted in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland under local regulations.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured notes whose payoff depends on an equally weighted basket of five tech‑related stocks: Advanced Micro Devices, Cloudflare, Shopify, Robinhood Markets and Vertiv Holdings.
The notes pay no interest and may be automatically called beginning in February 2027 if the basket level is at or above the initial basket level of 100 on scheduled call observation dates. If called, holders receive $1,000 plus a call premium per $1,000, with call premiums rising from 13.25% on the first call date up to 62.9375% on the final call date in November 2030.
If not called, the notes mature in February 2031. At maturity, investors participate 100% in basket gains above the initial level and are protected against losses down to a 50% basket decline. If the basket falls more than 50% from its initial level, repayment is reduced one‑for‑one with the basket loss, and investors can lose most or all of their principal. The estimated value at pricing is expected between $850 and $890 per $1,000 face amount, reflecting fees and issuer funding economics.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering digital equity-linked notes maturing in 2027 tied to the common stock of Constellation Energy Corporation (ticker "CEG UW"). Each note has a $1,000 face amount and does not pay interest.
At maturity, investors receive a cash amount based on CEG’s stock performance from an initial underlier level of $294.37 on January 21, 2026 to a determination date on February 4, 2027. If the final underlier level is at or above 80% of the initial level (the trigger buffer level), investors receive a capped payoff equal to the maximum settlement amount of $1,284.60 per $1,000 note. If the final level falls below the trigger buffer, the payoff is $1,000 plus $1,000 times the underlier return, so losses match the full decline from the initial level and investors can lose their entire principal.
The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The underlier has a limited trading history, the secondary market for the notes may be illiquid, and the tax treatment is uncertain, with counsel viewing them as prepaid derivative contracts for U.S. federal income tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering long-dated callable fixed-to-floating rate notes maturing on the expected date of January 30, 2033. Investors receive quarterly interest at a fixed 8.00% per annum from January 30, 2026 to January 30, 2027.
From January 30, 2027 to maturity, the notes switch to a floating rate tied to the 10-year Constant Maturity Treasury (CMT). Each quarter’s rate equals 8 times 5.25% minus the 10-year CMT, with a maximum of 16.00% and a minimum of 0.00%. If the base rate is 5.25% or higher on an interest determination date, that quarter pays no interest.
The issuer may redeem the notes at 100% of face amount plus accrued interest on any quarterly interest payment date on or after January 30, 2027, which may shorten the investment. The estimated value at pricing is stated as $900.00–$945.00 per $1,000 face amount, reflecting structuring and distribution costs. Payments depend on the credit of GS Finance Corp. and its parent guarantor.
Goldman Sachs’ GS Finance Corp. is offering auto-callable contingent interest notes linked to two stocks: Class A common stock of EchoStar Corporation and common shares of STMicroelectronics N.V. The notes are expected to trade from an initial date in early 2026 to a stated maturity in February 2029, unless automatically called earlier.
Investors can receive a monthly coupon of $14.584 per $1,000 face amount (about 1.4584% per month, or up to roughly 17.5% per year) only when the closing price of each stock on the observation date is at least 60% of its initial price. If either stock closes below this level, no coupon is paid for that month.
At maturity, if not called, principal repayment depends on the worse-performing stock. If each stock is at least 60% of its initial price, investors receive full principal plus the final coupon. If any stock falls below 60% but stays at or above 50%, only principal is returned with no final coupon. If any stock ends below 50% of its initial price, repayment is reduced one-for-one with the loss on the worst stock, and investors can lose more than half, up to all, of their principal and receive no coupon.
The notes are unsecured obligations of GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc., exposing holders to their credit risk. The estimated value on the trade date is expected to be between $890 and $920 per $1,000 face amount, reflecting structuring costs and dealer compensation, so the economic value at inception is below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering auto-callable notes linked to the common stock of The Boeing Company, The Mosaic Company and Snowflake Inc.
The notes pay a quarterly coupon of at least $41.25 per $1,000 (about 16.5% per year) only if, on each observation date, the closing price of every stock is at or above 60% of its initial price. The notes can be automatically called from April 2026 through October 2026 if each stock is at or above its initial price, in which case investors receive the face amount plus that quarter’s coupon.
If the notes are not called, principal repayment in February 2027 depends on a “trigger event.” If all three stocks are below their initial prices on the final observation date and any stock is below 60% of its initial price, repayment is reduced in line with the worst-performing stock and investors can lose most or all of their principal and receive no coupon. The estimated initial value is $900–$930 per $1,000, below the issue price, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering three-year autocallable contingent coupon barrier notes linked to the Class A common stock of Palantir Technologies Inc. Each note has a $10 principal amount, with a minimum initial purchase of $100,000.
The notes pay a quarterly contingent coupon of $0.575 to $0.625 per $10 (a rate of 23.00% to 25.00% per annum) only if Palantir’s share price on the observation date is at or above 65% of the starting value. The notes are automatically called if, on any call observation date, the share price is at or above the starting value; in that case investors receive principal plus the due coupon and the note terminates early.
If not called, at maturity investors receive $10 only if the ending value is at or above the 65% threshold; otherwise, they have 1-to-1 downside exposure below that level with up to 100% loss of principal, even after any coupons. The estimated value on the pricing date is expected to be $9.25 to $9.55 per $10, below the $10 public offering price, and the notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, with no exchange listing and limited expected liquidity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to four large-cap stocks: UnitedHealth Group, NVIDIA, Broadcom and Alphabet Class C. The notes are scheduled to mature on February 4, 2031, unless automatically called earlier.
The notes pay monthly contingent coupons per $1,000 face amount. If on a coupon observation date the closing price of each stock is at least 80% of its initial price, investors receive a maximum coupon of $8.75 (0.875% monthly, up to 10.5% per year). If any stock is below 80% of its initial price, the coupon falls to the minimum of $0.209 (0.0209% monthly, about 0.25% per year). Beginning in January 2027, if on any call observation date each stock closes at or above 95% of its initial price, the notes are automatically redeemed at $1,000 per note plus the applicable coupon.
At maturity, if not called, investors receive $1,000 per note plus the final coupon, regardless of stock performance, subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount, reflecting structuring and distribution costs and model-based pricing. The document highlights risks including potentially low coupons, limited liquidity, sensitivity to stock volatility and interest rates, and conflicts of interest in Goldman Sachs’ hedging and market-making activities.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable structured notes linked to the Class A common stock of EchoStar Corporation and a common share of STMicroelectronics N.V.
Investors receive a fixed coupon of $9.792 per $1,000 face amount each month (0.9792% monthly, or the potential for up to approximately 11.75% per year) until maturity or automatic call. The notes may be automatically called on scheduled observation dates if the closing price of each stock is at or above its initial price, in which case investors receive $1,000 per note plus the coupon.
If the notes are not called, principal repayment at the expected February 5, 2029 maturity depends on the lesser performing stock. Full principal is repaid if each stock’s final price is at least 60% of its initial level; if any stock finishes below 60%, repayment is reduced in line with that stock’s loss and investors can lose most or all of their investment. The estimated initial value is expected between $890 and $920 per $1,000 face amount, and the notes are unsecured obligations subject to the credit risk of the issuer and guarantor.