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 issuing $869,000 of structured notes linked to Micron, Palantir and Tesla stock. The notes pay a contingent monthly coupon of $34.584 per $1,000 (3.4584%, up to ~41.5% p.a.) only if on each observation date all three underliers are at or above 50% of their initial levels.
At maturity in August 2029, if the notes have not been redeemed and each underlier is at or above its 50% trigger buffer level, investors receive $1,000 per note; otherwise principal is reduced one-for-one with the lesser performing underlier return, down to a total loss. The issuer may redeem the notes at par plus any due coupon on any coupon payment date from November 2026 to July 2029. The issue price is 100% of face, with a 0.75% underwriting discount and 99.25% net proceeds. Investors face the credit risk of GS Finance Corp. and its parent, limited or no secondary liquidity, complex tax treatment and an estimated value below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering market-linked Medium-Term Notes, Series F tied to the S&P 500® Index, maturing on September 3, 2030, in $1,000 denominations. The notes provide 100% participation in any increase of the index from the starting level to the ending level on the calculation day, subject to a maximum return of at least 30.25% (at least $302.50 per note), so the maximum maturity payment is at least $1,302.50 per note.
If the index is flat or lower at maturity, investors receive only the $1,000 face amount, with no positive return, and the notes pay no periodic interest or dividends. All payments depend on the credit of GS Finance Corp. and its guarantor, and the notes are unsecured, unsubordinated obligations with no exchange listing, intended to be held to maturity. The estimated value on the pricing date is expected to be $900–$930 per $1,000 face amount, below the original offering price, reflecting structuring and distribution costs including an underwriting discount up to 3.825%. U.S. holders are expected to be taxed under contingent payment debt instrument rules, and non-U.S. holders may be affected by FATCA considerations.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,174,000 aggregate face amount of autocallable buffered notes linked to the iShares Semiconductor ETF. The notes pay no interest and mature on August 3, 2028, unless automatically called.
If on the August 6, 2027 call observation date the ETF is at or above the initial level of $504.53, each $1,000 note is redeemed early for $1,300. Otherwise, at maturity investors receive: full principal plus 125% of any positive ETF return; full principal if the ETF decline is up to 20%; or a loss equal to the ETF return plus 20% if the decline exceeds 20%, which can substantially reduce principal.
The initial estimated value is about $973 per $1,000, below the issue price, reflecting fees and dealer economics. Secondary market pricing will reference dealer models, may include an extra amount that amortizes to zero by October 29, 2026, and the notes are subject to the credit risk of both GS Finance Corp. and the guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing S&P 500® Daily Risk Control 5% USD Excess Return Index-linked notes maturing on August 2, 2029, with an aggregate face amount of $568,000. The notes pay no interest and are unsecured obligations subject to the credit risk of both entities.
For each $1,000 note, if the final index level on the July 30, 2029 determination date is at or above the initial level of 181.28, holders receive $1,000 plus 178% of the index gain. If the index is lower, holders receive $1,000 plus the absolute index loss, capped by a maximum downside settlement amount of $2,000 per $1,000 face amount. The underlier is an excess return index: its performance equals the S&P 500® Daily Risk Control 5% USD Total Return Index minus borrowing costs at SOFR + 0.02963%, so it will underperform the total return index and may be leveraged or de‑leveraged to target 5% volatility.
The original issue price is 100% of face amount, including a 2.25% underwriting discount, for net proceeds of 97.75% to the issuer. Goldman Sachs & Co. LLC estimates the initial value at approximately $961 per $1,000 note, below issue price, and may make a market but is not obligated to do so. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of ordinary income based on a 4.9175% comparable yield and a projected payment of $1,159.06 at maturity.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering EURO STOXX 50®-linked notes with an aggregate face amount of $2,198,000 under its Medium-Term Notes, Series F program. The notes pay no interest and provide a cash payment only at maturity on August 2, 2030, based on index performance from July 30, 2026 to July 30, 2030.
If the final index level exceeds the initial level of 6,344.40, investors receive $1,000 plus 174% of the index gain per $1,000 note. If the index ends at or above the 80% trigger buffer level, principal is returned. If the index falls more than 20%, principal is reduced 1-for-1 with the index loss, down to a total loss of investment. The original issue price is 100% of face, including a 2.75% underwriting discount. Investors bear the credit risk of GS Finance Corp. and its parent, face potentially illiquid secondary markets, significant sensitivity to index moves near the trigger, and uncertain U.S. tax treatment characterized as a pre-paid derivative contract.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non-interest-bearing, auto-callable notes linked to an equally weighted basket of five stocks: Advanced Micro Devices, Applied Materials, Broadcom, Robinhood Markets Class A and ServiceNow. Each has a 20% weight and initial weighted value of 20, giving an initial basket level of 100.
The notes may be automatically called quarterly starting July 30, 2027 if the basket level is at least 90% of the initial level, paying $1,000 plus a fixed call premium (e.g., 17% on the first call date) per $1,000 face amount. If not called, at maturity on August 4, 2031, investors receive: $1,000 plus 100% of any positive basket return; $1,000 if the final basket level is between 50% and 100% of the initial level; or $1,000 plus the basket return (downside 1:1) if the basket falls below 50%, which can lead to a substantial or total loss of principal.
The aggregate face amount is $746,000. The original issue price is 100% of face, with a 4.125% underwriting discount and 95.875% net proceeds to the issuer. The estimated value at pricing is about $919 per $1,000, reflecting structuring and distribution costs. Payments depend on the basket’s performance and the credit of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering structured notes with an aggregate face amount of $1,600,000, linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a contingent quarterly coupon of $18.75 per $1,000 face amount when each index is at or above 70% of its initial level on the relevant observation date; otherwise the coupon for that quarter is $0. The notes may be automatically called beginning July 30, 2027 if all indices are at or above their initial levels, in which case investors receive $1,000 per note plus any due coupon.
If not called, at maturity on August 3, 2028 investors receive $1,000 per note only if each index is at or above its 70% buffer level. If any index finishes below its buffer, repayment is reduced based on the lesser performing index, with a minimum of 30% of face amount in extreme declines, so investors can lose a substantial portion of principal. Investors do not receive dividends on the indices and are exposed to the credit risk of GS Finance Corp. and its parent. The estimated value at pricing is lower than the original issue price, and secondary market values may be volatile and illiquid.
GS Finance Corp. is issuing principal at risk, equity index-linked notes linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc., under its Medium-Term Notes, Series F program. Each security has a $1,000 face amount, pricing on July 30, 2026, issuing on August 4, 2026, and maturing on October 5, 2027.
At maturity, investors receive: if the index is above the starting level of 2,946.101, the face amount plus 300% of the index gain, capped at a 20.70% maximum return, for a maximum payment of $1,207 per $1,000. If the index is at or below the starting level, the payoff is $1,000 + $1,000 × index return, giving 1‑for‑1 downside exposure to the Russell 2000® with potential loss of the entire principal.
The notes pay no interest, are designed to be held to maturity, and have no exchange listing. The original public offering price is $1,000, including an underwriting discount of 2.325%, with issuer proceeds of $976.75 per note on a $100,000 aggregate face amount. The initial estimated value is about $973 per $1,000, and all payments are subject to the credit risk of GS Finance Corp. and the guarantor.
GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is issuing auto-callable contingent coupon notes under its Medium-Term Notes, Series F program with an aggregate face amount of $1,358,000. The notes are linked to three underliers: the Russell 2000 Index, the S&P 500 Index and the State Street SPDR S&P Regional Banking ETF (KRE).
For each $1,000 face amount, investors may receive a monthly contingent coupon of $10.417 (1.0417% per month, up to about 12.5% per year) only if, on the relevant observation date, the closing level of each underlier is at or above its coupon trigger level, set at 70% of its initial level. The same 70% level functions as a trigger buffer for principal at maturity. If the notes are not automatically called and any underlier finishes below its trigger buffer on the determination date, the redemption amount is reduced based on the lesser performing underlier return, and investors can lose their entire investment.
The notes may be automatically called on scheduled observation dates starting February 1, 2027 if all underliers are at or above their initial levels, in which case investors receive $1,000 per note plus any due coupon, ending the investment early. Payments depend entirely on the credit of GS Finance Corp. and the Goldman Sachs Group, Inc., the levels and volatility of the underliers, and there is no listing, limited liquidity, and significant tax and structural complexity, including potential application of Section 1260 constructive ownership rules.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes with an aggregate face amount of $16,457,000 under its Medium-Term Notes, Series F program. The notes are linked to the Goldman Sachs Momentum Builder Focus ER Index, a rules-based multi-asset index that rebalances daily across up to ten underlying assets with 5% volatility control, a momentum risk control feature and a 0.65% per annum deduction applied at the index level.
The notes feature an automatic call: on annual call observation dates from 2027 to 2032, if the index is at or above rising call levels (from 100.75% to 104.50% of the initial level), investors receive principal plus a fixed call premium (from 13.25% to 79.50%) and the notes terminate. If never called, at maturity in August 2033 investors receive for each $1,000 face amount the greater of $1,000 or $1,000 plus 100% of the index’s positive return; if the index is flat or down, only principal is repaid, with no periodic interest. The original issue price is 100% of face, including a 4.1% underwriting discount, for net proceeds of 95.9% to the issuer. The issuer’s estimated value is $896 per $1,000 on the trade date. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, with a comparable yield of 5.38% per annum, causing holders to accrue taxable ordinary income over the term even though payments generally occur only upon call or at maturity. Payments are subject to the credit risk of GS Finance Corp. and the guarantor.