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 preliminary Autocallable Contingent Coupon Index-Linked Notes due 2031 tied to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a contingent quarterly coupon of $26.75 per $1,000 face amount (2.675% quarterly, up to 10.70% per year) only if on each observation date all three indices are at or above 70% of their initial level.
The notes are autocallable: if on any call observation date all indices are at or above their initial level, the notes are redeemed at $1,000 per note plus the due coupon. If not called, payment at maturity depends solely on the worst-performing index. If its final level is at least 70% of its initial level, investors receive full principal back; otherwise repayment is reduced one-for-one with the index loss, and principal can be completely lost.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., are expected to have an estimated value lower than the issue price and will not be listed on an exchange, so secondary market liquidity and pricing are uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing autocallable income notes linked to the Class A common stock of The Trade Desk, Inc. The notes have an aggregate face amount of $865,000 on the original issue date, mature on January 29, 2029, and may be automatically called starting in July 2026 if the stock closes at or above the initial price of $34.15 on a call observation date.
Investors receive a quarterly coupon of $48.25 per $1,000 face amount (4.825%, up to 19.3% per year) only when The Trade Desk’s closing price on an observation date is at least 50% of the initial price. If the notes are not called and the final stock price on the January 22, 2029 determination date is at or above 50% of the initial price, investors receive full principal plus the final coupon. If it is below 50%, repayment is reduced one-for-one with the stock decline, and investors can lose most or all of their principal and receive no coupon. Payments also depend on the credit of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured autocallable notes linked to the Russell 2000® Index. The notes have a $10 minimum denomination and can be automatically called quarterly beginning after 12 months if the index closes at or above 100% of its initial level, paying back face value plus a call return based on a per annum rate between 10.70% and 11.40%, increasing over time.
If the notes are never called, at maturity in 2029 investors receive $10 plus $10 times the index return, meaning they are fully exposed to any downside in the index and can lose their entire investment. The notes pay no coupons, do not provide dividends, and their value depends on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is expected to be between $9.40 and $9.70 per $10 face amount, below the 100% issue price, reflecting fees, hedging costs and issuer economics.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, income-bearing notes linked to the common stock of Adobe Inc. and DocuSign, Inc. The notes pay a contingent quarterly coupon of at least $40 per $1,000 face amount (at least 4% per quarter, up to at least 16% per year) only when, on the relevant observation date, the closing price of each stock is at least 60% of its initial price.
The notes can be automatically called on scheduled observation dates from April 2026 through October 2027 if both stocks are at or above their initial prices, in which case investors receive the face amount plus the applicable coupon. If not called, at maturity in early 2028 investors receive the face amount if a trigger event has not occurred, and may also receive the final coupon when both stocks are at or above 60% of their initial prices.
If a trigger event occurs and any stock finishes below 60% of its initial price, repayment is reduced in line with the worst-performing stock’s decline, and investors can lose a substantial portion or all of their principal and receive no coupon. The preliminary estimated value at pricing is between $900 and $930 per $1,000 face amount, reflecting structuring costs and dealer compensation.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured notes maturing in January 2029 whose payments are tied to the common stock of Ondas Inc. rather than a fixed interest rate.
Holders may receive a contingent coupon of $115 per $1,000 (11.5% quarterly, up to 46% per year) on each scheduled payment date if Ondas’ share price on the related observation date is at least 50% of the initial price of $12.55. If it is lower, no coupon is paid for that quarter, so investors could receive no income for the entire term.
At maturity, if the stock has not fallen more than 50% from the initial price, investors receive $1,000 per note plus any final coupon. If it has fallen more than 50%, repayment is reduced in line with the full stock decline, exposing investors to the risk of losing most or all of their principal. Goldman may redeem the notes at 100% of face value plus any due coupon on specified quarterly dates from July 2026 to October 2028. The estimated value on the trade date is expected between $890 and $920 per $1,000, reflecting fees and model-based pricing.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk Contingent Income Auto-Callable Securities linked to NVIDIA Corporation common stock. These unsecured notes can mature in 2029 or be automatically called earlier if NVIDIA’s share price on a call observation date is at or above the initial share price.
Investors may receive contingent quarterly coupons of at least $27.50 per $1,000 security when NVIDIA’s closing price on a coupon observation date is at or above a downside threshold set at 50% of the initial share price; otherwise no coupon is paid. If the notes are not called and the final share price is at or above the downside threshold, investors receive full principal back plus the final contingent coupon. If the final share price is below the threshold, repayment is reduced 1-for-1 with the stock’s decline, potentially resulting in a complete loss of principal.
The notes are not listed, carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and have an estimated value between $910 and $970 per $1,000, below the issue price due to fees, hedging and structuring costs. The supplement highlights significant market, liquidity, structural and tax risks, including possible adverse future U.S. tax treatment and FATCA withholding for non-U.S. holders.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering market-linked step up notes tied to a basket of international equity indices at $10 principal per unit, with a minimum purchase of $100,000 principal amount.
The two-year notes pay no interest and all cash flows occur at maturity. If the basket’s ending value is at or above its starting value, investors receive the greater of a 23.00%–24.00% step up return or 1‑to‑1 participation in the basket’s percentage gain. If the basket declines, investors have 1‑to‑1 downside exposure and can lose up to all principal.
The basket allocates 40.00% each to the EURO STOXX 50® Index and Nikkei 225, and 20.00% to the Swiss Market Index. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The public offering price is $10.00 per unit, with an underwriting discount of $0.15 and estimated initial fair value between $9.25 and $9.55 per $10 unit. The notes will not be listed on an exchange and secondary market liquidity is expected to be limited.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes due February 13, 2041 under its Medium-Term Notes, Series N program. The notes will pay interest at a fixed rate of 5.10% per annum from the original issue date to, but excluding, the stated maturity date.
Interest is payable annually on February 13 of each year, beginning February 13, 2027, in minimum denominations of $1,000 and integral multiples thereof. The notes will be issued in U.S. dollars in book-entry form through DTC, will not be listed on any securities exchange, and are not bank deposits or insured by any government agency. Goldman Sachs & Co. LLC will act as underwriter and calculation agent, with the original issue price generally set at 100% of the principal amount, subject to specified variations for certain fee-based advisory accounts.
The Goldman Sachs Group, Inc. is offering $10,000,000 of callable fixed rate notes due January 2, 2041 under its Medium-Term Notes, Series N program. The notes pay fixed interest at 5.20% per annum from January 22, 2026, with interest paid each January 22 starting January 22, 2027 and on the maturity date, using a 30/360 (ISDA) day-count convention.
Goldman Sachs may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on any January 22, April 22, July 22 or October 22 on or after July 22, 2028, upon at least five business days’ notice. The initial price to the public is 100% of principal, with an underwriting discount of 2.256%, resulting in proceeds of $9,774,400 before expenses. The notes are unsecured obligations of Goldman Sachs, are not bank deposits, are not insured by the FDIC or any government agency, and will not be listed on any securities exchange.
The Goldman Sachs Group, Inc. is offering fixed rate senior notes under its Medium-Term Notes, Series N program. The notes are expected to have a 5.00% per annum interest rate, with interest paid annually on February 13 of each year, starting on February 13, 2027 and continuing to the stated maturity on February 13, 2041.
The notes will be issued in minimum denominations of $1,000 and integral multiples thereof, in book-entry form through DTC, and will not be listed on any securities exchange. They are not bank deposits and are not insured by any governmental agency. The issuer has full and covenant defeasance options under the applicable indenture.
Goldman Sachs & Co. LLC will act as underwriter, may conduct market-making in the notes after the initial sale, and is deemed to have a conflict of interest under FINRA Rule 5121. The supplement includes U.S. federal tax disclosure, including that interest is taxable as ordinary income and that the notes are generally subject to FATCA withholding, and sets out selling and marketing restrictions in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland.