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.
The Goldman Sachs Group, Inc. is offering senior unsecured fixed-to-floating rate notes due February 20, 2027. Each note has a minimum denomination of $1,000. From the original issue date, expected to be January 20, 2026, to but excluding April 20, 2026, the notes pay a fixed annual interest rate of 3.90%, with interest paid monthly on the 20th day of each month starting February 20, 2026.
From and including April 20, 2026 to but excluding February 20, 2027, interest switches to a floating rate equal to compounded SOFR plus 0.20%, subject to a minimum rate of 0.50% per annum, also paid monthly. Interest is calculated on an Actual/360 day count basis, and the notes are not redeemable before maturity and will not be listed on any exchange, so liquidity may be limited.
The notes are subject to the credit risk of Goldman Sachs, are not bank deposits, and are not insured by the FDIC or any government agency. The filing highlights market value risks from SOFR movements, interest rates, and Goldman Sachs’ creditworthiness, as well as tax treatment as variable rate debt instruments with potential original issue discount for U.S. holders.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, maturing in 2031.
Each note has a $1,000 face amount and pays no interest. At maturity, if the index is above its initial level, holders receive $1,000 plus at least 155% of the index gain. If the index is flat or down but not below 70% of its initial level, investors receive their full $1,000 back. Below that 70% buffer level, principal is reduced 1-for-1 with further index declines, so investors can lose a substantial portion of their investment.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent. The pricing models used to estimate fair value produce a value lower than the original issue price, and any secondary market, if available, may be limited and at prices below face value. The tax treatment is uncertain, though the issuer intends to treat the notes as pre-paid derivative contracts for U.S. federal income tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable buffered notes linked to the S&P 500® Futures Excess Return Index under its medium-term note program. The notes pay no interest and return is based on index performance from an expected trade date in January 2026 to an expected determination date in January 2031, with a 160% upside participation rate when the final index level is at or above the initial level.
If the index closes between 80% and 100% of its initial level, investors receive the absolute value of the index return; below 80%, principal is exposed to losses beyond a 20% buffer and a substantial portion of the investment can be lost. GS Finance Corp. may redeem the notes in whole on scheduled call payment dates from 2027 to 2030 at 100% of face amount plus a preset call premium. The estimated value on the trade date is expected to be between $885 and $925 per $1,000, the notes are unsecured and subject to issuer and guarantor credit risk, will not be listed on an exchange, and are expected to be treated as prepaid derivative contracts for U.S. federal income tax purposes.
GS Finance Corp. is offering Nasdaq-100 Index®-linked callable notes guaranteed by The Goldman Sachs Group, Inc. The notes do not pay interest and are scheduled to mature in February 2031, unless the issuer redeems them early.
From February 2027 through January 2031, GS Finance may redeem the notes monthly at 100% of face amount plus a call premium set for each call date. If the notes are not redeemed, investors receive at maturity either $1,000 plus 100% of any positive index return or, if the Nasdaq-100 is flat or down versus the initial level, $1,000 only, so principal is protected but upside is uncapped and fully linked to index gains.
The issuer’s own models estimate the initial value of the notes between $885 and $935 per $1,000 face amount, reflecting embedded costs and hedging. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. They are treated as contingent payment debt instruments for U.S. tax purposes, requiring investors to accrue taxable income over the term even without interim cash payments.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk contingent income auto-callable securities linked to the common stock of Amazon.com, Inc., expected to mature on January 5, 2029.
The notes can be automatically called quarterly starting April 2, 2026 if Amazon’s stock closes at or above the initial share price, paying back the $1,000 principal per note plus the contingent coupon. On each observation date, if the stock closes at or above a downside threshold set at 75% of the initial share price, investors receive a contingent quarterly coupon of at least $32.50 per $1,000; otherwise the coupon is zero.
If the notes are not called and the final share price is below the downside threshold, repayment is reduced in line with the share decline, and investors can lose most or all of their principal. Investors do not participate in any upside of Amazon’s stock. The estimated value is disclosed as $910–$970 per note versus the 100% issue price, reflecting fees including a 2.25% underwriting discount and selling concessions.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering semiconductor-linked notes tied to the VanEck Semiconductor ETF (SMH) with a scheduled maturity on September 29, 2028, unless redeemed earlier.
The notes may pay a conditional quarterly coupon of $25 per $1,000 face amount (2.5% quarterly, up to 10% per year) whenever the ETF’s closing level on the observation date is at least 80% of the initial level of $363.16. If the ETF is below that 80% trigger, no coupon is paid for that quarter and investors may receive no income over the life of the notes.
At maturity, if the ETF has fallen by 20% or less, investors receive $1,000 plus the final $25 coupon. If it is down more than 20%, repayment is reduced one-for-one beyond the 20% buffer, and no final coupon is paid, meaning investors can lose a substantial portion of principal. Upside at maturity is capped at return of face amount plus any coupon.
The notes are callable at the issuer’s option at 100% of face amount plus any due coupon on quarterly payment dates from June 2026 through June 2028. The aggregate initial face amount is $1,082,000, sold at 100% of face with a 3% underwriting discount and net proceeds of 97% of face. The estimated value at trade date is approximately $958 per $1,000, reflecting fees, structuring costs and issuer credit spreads. All payments depend on the credit of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the Russell 2000® Index, maturing in February 2028. The notes do not pay interest and repay an amount at maturity based on index performance from the January 30, 2026 trade date to the January 31, 2028 determination date.
If the final index level is above the initial level, investors receive $1,000 plus 200% of the index gain, but the payoff is capped at a maximum settlement amount of at least $1,250 per $1,000 note. If the index falls by up to the 10% buffer (down to a buffer level of 90% of the initial level), investors receive back the $1,000 face amount.
If the index finishes below the 90% buffer level, principal is reduced 1-for-1 with further declines, so investors can lose a substantial portion of their investment. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have uncertain U.S. tax treatment, and may have limited or no secondary market liquidity.
GS Finance Corp. is issuing $2,061,000 of Fixed Coupon Buffered Notes due December 29, 2028, linked to the S&P 500® Volatility Plus Daily Risk Control Index and guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $14 per $1,000 each quarter (1.4% quarterly, up to 5.6% per year) regardless of index performance.
At maturity, investors receive $1,000 per note plus the final coupon if the index is at least 85% of the initial level of 6,617.07. Below that buffer, principal is reduced according to the index loss, and investors can lose a substantial portion of their investment, down to 15% of face if the index falls to zero. The estimated value is approximately $961 per $1,000 at pricing, versus a 100% issue price, reflecting a 3% underwriting discount and offering costs. The notes are unsecured obligations, not bank deposits, and carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering zero-coupon notes linked to an equally weighted basket of 9 large-cap stocks, with an initial basket level of 100 and aggregate face amount of $25,840,000.
The notes may be automatically called on January 5, 2027 if the basket is at or above the initial level, paying $1,160 per $1,000 face amount on January 8, 2027. If not called, at maturity on December 28, 2027 holders receive: enhanced upside at a 125% participation rate if the basket rises; full principal back if the basket is flat to down by up to 20%; and a leveraged loss beyond that buffer using a 125% buffer rate. The estimated value at pricing is about $952 per $1,000 face amount, reflecting fees, hedging costs and issuer spreads.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes tied to the S&P 500® Daily Risk Control 5% USD Excess Return Index. The notes pay no interest and return at maturity depends solely on index performance between the expected trade date of January 27, 2026 and the determination date of January 29, 2029.
If the final index level is at or above the initial level, investors receive their $1,000 face amount plus a leveraged gain equal to the index return times an upside participation rate of at least 122.5%. If the index declines, investors receive the face amount plus the absolute value of the negative index return, but this repayment is capped at a maximum downside settlement amount of $2,000 per $1,000 face amount.
The notes are unsecured obligations 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 $925–$955 per $1,000 face amount, reflecting structuring and distribution costs and the issuer’s pricing models. The underlier uses a 5% volatility-target strategy and incorporates borrowing costs based on SOFR plus 0.02963%, which can materially reduce returns.