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 structured notes linked to the iShares® Ethereum Trust ETF, giving indirect exposure to the price of ether. The notes pay no interest and return at least the $1,000 face amount at maturity, expected on February 4, 2031, subject to issuer and guarantor credit risk.
If the ETF rises, investors receive a positive return equal to the ETF’s gain with a 100% participation rate, but payments are capped at a maximum settlement amount of $1,690 per $1,000 when the ETF reaches 169% of its initial level. If the ETF is flat or down, only face value is paid. The estimated value at pricing is expected between $885 and $935 per $1,000, reflecting fees and dealer economics.
The filing highlights significant risks tied to ether and digital assets, including extreme volatility, regulatory uncertainty, custodial and security issues, and potential market manipulation, as well as limited liquidity for the notes and complex U.S. tax treatment as contingent payment debt instruments.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term, principal-at-risk notes due January 12, 2029 that are linked to the worst performer of the S&P 500, Russell 2000 and EURO STOXX 50 indices. Investors can receive a quarterly contingent coupon of $22 per $1,000 face amount (an 8.80% annual rate) only if, on each calculation day, the lowest performing index is at least 75% of its starting level.
Beginning in July 2026 through October 2028, the notes are auto-callable if the worst index is at or above its starting level, in which case holders receive the $1,000 face amount plus that quarter’s coupon and the notes terminate. If not called, at maturity investors receive $1,000 only if the worst index is at or above 75% of its starting level; otherwise, repayment is reduced one-for-one with the decline and can fall to zero, meaning a total loss of principal. The estimated value is approximately $972 per $1,000, below the $1,000 offering price, and all payments depend on the credit of GS Finance Corp. and its parent guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest‑bearing structured notes linked to an equally weighted basket of 15 large‑cap stocks, with an aggregate face amount of $5,488,000 on the original issue date. The notes run from the trade date of January 9, 2026 to a stated maturity of February 12, 2027.
At maturity, investors receive for each $1,000 face amount a cash payment based on the basket’s performance from an initial level of 100 to a final level set on the February 9, 2027 determination date. If the basket return is positive, the payoff equals $1,000 plus 3 times the basket return, capped at a maximum settlement amount of $1,280. If the basket return is zero or negative, investors lose 1% of principal for each 1% decline in the basket, down to a total loss.
The notes pay no coupons, do not reflect dividends on the underlying stocks, and are subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is approximately $961 per $1,000 face amount, reflecting structuring and distribution costs and model‑based valuation. Market value before maturity can be volatile and may be lower than the face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, income-bearing structured notes linked to the Russell 2000 Index, the Nasdaq-100 Technology Sector Index and the VanEck Semiconductor ETF. The notes have a face amount of $7,027,000 in aggregate and are scheduled to mature on January 14, 2032, unless automatically called starting in July 2026 when all three underliers are at or above their initial levels.
Each $1,000 note can pay a contingent monthly coupon of $13.167 (about 1.3167% per month) if on the observation date every underlier is at least 75% of its initial level. If any underlier is below that threshold, no coupon is paid. At maturity, if not called, full principal is returned (plus any final coupon) if every underlier is at or above 75% of its initial level, and principal is protected down to 60%. Below 60% on the weakest underlier, repayment is reduced one-for-one with that loss, potentially to zero, and no coupon is paid. The estimated value on the trade date is about $992 per $1,000, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering auto-callable notes linked to the Russell 2000® Index, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes are expected to mature on January 22, 2031, unless automatically called starting in July 2026.
Investors can receive a $8 coupon per $1,000 face amount (0.8% monthly, up to 9.6% per year) on each monthly payment date if on the related observation date the level of each underlier is at least 70% of its initial level. If on any call observation date each underlier is at or above its initial level, the notes are automatically redeemed at par plus that month’s coupon.
At maturity, if the notes have not been called, principal repayment depends on the worst-performing underlier. If every underlier is at least 70% of its initial level, investors receive $1,000 plus the final coupon. If any underlier is below 70%, repayment is reduced in line with the lowest underlier’s loss, and investors can lose up to their entire investment and receive no coupon. The estimated value on the trade date is expected to be $885–$925 per $1,000, reflecting fees, hedging and funding costs, and all payments are subject to the credit risk of the issuer and guarantor.
Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2027 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at 3.75% per annum from the original issue date, expected to be January 30, 2026, to but excluding the stated maturity date, expected to be March 30, 2027. Interest is expected to be paid on the stated maturity date, unless the notes are redeemed earlier.
The issuer may redeem the notes, in whole but not in part, on monthly redemption dates starting on or about July 30, 2026 at 100% of principal plus accrued interest. Interest is calculated using the 30/360 (ISDA) day count convention, so interest for a February 2027 redemption would accrue on a 28/360 basis. The initial price to the public may vary (including below 100% for certain fee-based advisory accounts), so an investor’s return will partly depend on the price paid.
The notes are expected to be issued with original issue discount for U.S. federal income tax purposes, requiring holders to accrue income before cash receipts. They are unsecured obligations of Goldman Sachs, are not bank deposits, are not insured by the FDIC, and are subject to FATCA withholding rules. Sales are restricted in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland, and the offering is subject to FINRA Rule 5121 due to an affiliate underwriter. The company plans to file its earnings release for the period ended December 31, 2025 before the trade date, and investors may withdraw orders before the trade date. The issuer may cancel the issuance entirely if its credit spread moves adversely before the trade date.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable 10-Year CMT Rate-Linked Range Accrual Notes due January 13, 2031 with an aggregate face amount of $1,907,000. The notes pay monthly interest that depends on how often the 10‑year constant maturity Treasury (CMT) yield is at or below 4.70% during each interest period.
For each period, the annualized interest rate equals the fraction of reference days when the 10‑year CMT rate is ≤4.70% multiplied by a fixed 7.00% interest factor, using a 30/360 (ISDA) convention. If the rate is above 4.70% on every reference date in a period, no interest is paid for that month. The notes are issued at 100% of face amount, with an underwriting discount of 1.521% and net proceeds of 98.479% of face.
The issuer may redeem the notes at par plus accrued interest on any monthly interest payment date on or after January 13, 2027, which can shorten the investment’s life. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The estimated value at pricing is approximately $973 per $1,000 face amount, and there may be limited or no secondary market, with values influenced by rates, credit spreads, and issuer hedging.
GS Finance Corp., guaranteed by The Goldman Sachs Group, offers unsecured structured notes linked to Micron, Intel and AMD common stock. For each $1,000 face amount, holders are expected to receive a fixed coupon of $13 per month (1.3% monthly, up to 15.6% per year) until the notes are automatically called or mature around January 31, 2028.
The notes are automatically called if, on any monthly call observation date starting in July 2026, the closing price of each stock is at or above its initial price; investors then receive $1,000 plus that month’s coupon and no further payments. If not called, principal repayment at maturity depends on stock performance. If at least one stock finishes at or above its initial price, or if all remain at or above 50% of their initial price, investors receive full principal.
If all three stocks are below their initial prices and any falls below 50% of its initial level, maturity value is reduced in line with the worst-performing stock, and investors can lose most or all of their principal. Investors do not participate in any stock price gains. The estimated value on the trade date is disclosed as $925–$965 per $1,000, and payments are subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp. is offering unsecured structured notes linked to the lesser performance of the S&P 500® Index and the SPDR® Gold Trust, maturing on an expected stated maturity date of January 28, 2027. The notes pay no interest and the cash you receive at maturity depends on how the weaker of the two underliers performs from its initial level on January 9, 2026 to the determination date, expected January 25, 2027.
If both underliers finish at or above their initial levels, you get your principal plus 1.8502 times the lesser underlier’s gain, via an upside participation rate of 185.02%. If either underlier falls but both remain at or above 85% of their initial levels, you receive only your face amount back. If any underlier finishes below 85% of its initial level, your repayment is reduced using a buffer rate of approximately 117.65%, and you can lose up to your entire investment.
The initial levels are 6,966.28 for the S&P 500® Index and $414.47 for the SPDR® Gold Trust. Estimated value at pricing is expected between $900 and $930 per $1,000 face amount, reflecting fees, hedging costs and issuer credit spreads, and payments are subject to the credit risk of GS Finance Corp. and its guarantor, The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes due January 25, 2033 linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes do not pay interest and may be automatically called each year if the index closes at or above rising call levels from 100.75% to 104.50% of the initial index level, triggering call premiums from 10% to 60% of face value.
If the notes are not called, investors receive at maturity either the face amount plus 100% of any positive index return, or only the face amount if the index is flat or down. The index uses daily rebalancing, a 5% volatility control, momentum filters and a 0.65% per annum deduction, and can allocate heavily to cash-like positions, which can limit upside.
Goldman estimates the notes’ value on the trade date at $850–$890 per $1,000 face amount, below the issue price, and highlights credit risk of both the issuer and guarantor, limited liquidity, interest-rate sensitivity and complex U.S. tax treatment under contingent payment debt rules.