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 callable equity-linked notes maturing in February 2029. The notes pay no interest and return at least the $1,000 face amount at maturity, subject to the credit risk of the issuer and guarantor.
The payoff is linked to the lesser performer of Alphabet Class C, Meta Class A, and NVIDIA common stock. If on the determination date the final price of each stock is above its initial price, investors receive $1,000 plus 3 times the percentage gain of the worst-performing stock, applied to $1,000. If any stock finishes at or below its initial price, only the $1,000 face amount is paid.
GS Finance Corp. may redeem the notes in whole on monthly call dates from February 2027 through January 2029 at $1,000 plus a preset call premium, capping upside if called. The estimated value on the trade date is expected to be $890–$920 per $1,000, and the notes are treated as contingent payment debt instruments for U.S. tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering ETF-linked notes due on an expected stated maturity date of January 25, 2029. These notes pay no interest and their payoff depends on the least performing of three State Street sector ETFs: Energy (XLE), Utilities (XLU) and Consumer Staples (XLP).
If, on the determination date, all three ETFs are at or above their initial levels, holders receive $1,000 plus 5.495 times the return of the worst-performing ETF. If any ETF is below its initial level but all remain at or above 85% of initial, investors receive only the $1,000 face amount. If any ETF finishes below 85% of its initial level, principal is reduced using a buffer rate of approximately 117.65%, so losses accelerate below that threshold and investors could lose their entire investment.
The notes expose holders to equity market risk in these sectors and 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 $925 and $955 per $1,000 face amount, reflecting fees, hedging and issuer funding costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500® Index. These notes pay no interest and the cash you receive at maturity depends entirely on index performance between the trade date and the determination date.
If the S&P 500 final level is above its initial level, you receive your $1,000 face amount plus 300% of the index gain, but only up to a maximum settlement amount expected to be between $1,177.90 and $1,208.80 per $1,000 note. If the index finishes at or above 90% of its initial level, you get back your full face amount. If it falls below 90%, you lose principal, at roughly 1.1111% of face for every 1% the index ends below the buffer level, and you could lose your entire investment.
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 notes will not be listed on any exchange, their estimated value at pricing will be less than the issue price, secondary market liquidity may be limited, and the U.S. federal income tax treatment is uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable 10-year notes whose interest depends on the 10-year Constant Maturity Treasury (CMT) rate. Interest is paid quarterly from an expected original issue date of January 22, 2026 to an expected maturity on January 22, 2031, using a range-accrual formula.
For each interest period, the annualized rate equals the fraction of scheduled U.S. government securities business days when the 10-year CMT rate is at or below 4.50%, multiplied by an interest factor of 7.65%. If the 10-year CMT rate is above 4.50% on every reference date in a period, no interest is paid for that quarter. The notes are callable at 100% of face amount plus accrued interest on any quarterly interest payment date on or after January 22, 2028. At maturity, if not redeemed, investors receive the face amount plus any accrued interest, subject to the unsecured credit risk of GS Finance Corp. and the guarantor.
The estimated value at pricing is expected to be between $935.5 and $975.5 per $1,000 face amount, reflecting structuring costs, dealer compensation and model-based valuation. The document highlights risks including potential zero-interest periods, issuer call risk, limited or no secondary market, sensitivity to interest rate movements and reference-rate volatility, and uncertainty in U.S. federal income tax treatment, which is expected to follow variable rate debt instrument rules.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes tied to Class A shares of Rivian Automotive, Inc. The notes run to January 2029 unless they are automatically called earlier.
Investors receive quarterly contingent coupons only when Rivian’s share price on the observation date is at or above 55% of the initial level. The notes are automatically called, returning principal plus the applicable coupon, if Rivian’s price is at or above the initial level on any call observation date.
If the notes are not called, and Rivian’s final level is at least 55% of the initial level, investors receive full principal back. If the final level is below 55%, repayment is reduced in line with the stock’s loss, and investors can lose their entire investment. The documents highlight credit risk of GS Finance Corp. and Goldman Sachs, limited liquidity, estimated value below issue price, and uncertain U.S. tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to Alphabet Class C, NVIDIA, Meta Platforms Class A and AMD common stock. The notes mature on an expected stated maturity date of February 6, 2031, unless automatically called between January 2027 and December 2030 when the closing price of each stock is at or above its initial price on a call observation date.
The notes pay variable monthly coupons. If on an observation date each stock closes at or above 80% of its initial price, holders receive a maximum coupon of $7.5 per $1,000 face amount (0.75% monthly, up to 9% per year). If any stock is below 80% of its initial price, only a minimum coupon of $0.209 per $1,000 (0.0209% monthly, up to about 0.25% per year) is paid. At maturity, investors receive $1,000 per $1,000 face amount plus the final coupon.
The notes are unsecured obligations of GS Finance Corp., subject to the credit risk of both the issuer and the guarantor. The estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount, reflecting costs and dealer compensation, and may differ from secondary market prices.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering senior unsecured notes linked to the EURO STOXX 50® Index. Each note has a $10 principal amount and may be automatically called approximately one, two or three years after pricing if the index level on a Call Observation Date is at or above the Starting Value.
If called, investors receive a fixed Call Payment per unit of [$11.10–$11.30] on the first Call Observation Date, [$12.20–$12.60] on the second, or [$13.30–$13.90] on the final one, and the notes terminate early. If the notes are never called, the maturity is about three years and the payoff provides 1-to-1 downside exposure to any decline in the index from the Starting Value to the Ending Value, with up to 100% of principal at risk.
The notes pay no periodic interest, are not FDIC insured, and have limited expected secondary market liquidity with no exchange listing. The public offering price is $10.00 per unit, including a total underwriting discount of $0.20 per unit, and the estimated value on the pricing date is expected to be between $9.25 and $9.55 per $10 principal amount. The minimum initial purchase is $100,000 in principal amount, and all payments are subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured auto-callable notes linked to the common stock of Advanced Micro Devices, Broadcom, Oracle and Palo Alto Networks. The notes are expected to mature on February 3, 2031, unless automatically called between January 2027 and December 2030 if each stock closes at or above 90% of its initial price on a call observation date.
Each $1,000 note can pay a monthly coupon of $6.25 (0.625% monthly, up to 7.5% per year) when all four stocks are at or above 75% of their initial prices on the observation date, and only $0.209 (about 0.25% per year) if any stock is below that level. At maturity, investors receive $1,000 per note plus the final coupon. The notes’ estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount, reflecting fees, hedging costs and issuer credit spreads.
Payments depend entirely on the credit of GS Finance Corp. and its guarantor, and the notes will not be listed on any exchange. Investors do not receive dividends or shareholder rights in the underlying stocks and are exposed to potential illiquidity and pricing effects from market conditions, interest rates, volatility and issuer hedging activity.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering autocallable index-linked notes tied to the S&P 500, Nasdaq-100 and Russell 2000 indices. The notes pay no interest and may be automatically called in January 2027 if all three indices are at or above their initial levels, in which case investors receive $1,120 per $1,000 face amount.
If not called, the January 2029 maturity payment depends on the worst-performing index. If each final index level is above its initial level, investors earn 1.25 times the lesser index’s gain. If any index is at or below its initial level but all remain at or above 65% of initial, investors receive the absolute value of the worst index’s return, turning moderate losses into gains. If any index finishes below 65% of its initial level, principal is exposed one-for-one to the worst index’s loss and investors can lose all or most of their investment.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group. The estimated value on the trade date is expected to be $925–$955 per $1,000 face amount, reflecting structuring costs and dealer compensation.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering unsecured structured notes linked to AppLovin Class A stock. The notes pay contingent quarterly coupons of $51.375 per $1,000 face amount (5.1375% quarterly, up to 20.55% per year) only if on an observation date the stock closes at or above 50% of its initial price; otherwise no coupon is paid for that period.
The notes may be automatically called starting in July 2026 if AppLovin’s closing price on a call observation date is at least the initial price, in which case investors receive $1,000 per note plus the applicable coupon, ending the investment early. If not called, at maturity in 2029 investors receive $1,000 plus the final coupon if the stock is at or above 50% of its initial price; if it is below 50%, repayment is reduced one-for-one with the stock decline, potentially to zero, and no coupon is paid.
The estimated value at pricing is expected between $925 and $955 per $1,000 face amount, reflecting fees and hedging costs. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group and the notes are not insured or equivalent to owning AppLovin shares.