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 autocallable contingent coupon equity-linked notes due December 21, 2028 linked to the common stock of Broadcom Inc.
Holders receive a quarterly coupon of $38.375 per $1,000 (3.8375% quarterly, up to 15.35% per annum) only if Broadcom’s closing level on the observation date is at least 60% of the initial level. The notes are automatically called at par plus the coupon if, on any call observation date starting March 18, 2026, the stock is at or above the initial level.
If the notes are not called, at maturity investors receive $1,000 per note if Broadcom’s final level is at least 60% of the initial level; otherwise, repayment is reduced one-for-one with the stock’s decline, and investors can lose their entire investment. The original issue price is 100% of face amount, with a 2% underwriting discount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and their estimated value at pricing will be less than the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $10,620,000 of auto-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. Investors pay 100% of face value per $1,000 note, but the bank’s estimated value on the trade date is $893 due to fees, hedging and dealer margins, while the underwriting discount is 4.625% of face amount.
The notes pay no interest. They can be automatically called each year starting in December 2026 if the index closes at or above rising call levels, with call premiums from 9.15% up to 54.90% of face amount. If never called, at maturity in December 2032 holders receive principal plus 100% participation in any index gain; if the index is flat or lower, they receive only the $1,000 face amount. Returns depend entirely on index performance and the credit of GS Finance Corp. and Goldman Sachs, and U.S. holders are taxed under contingent payment debt instrument rules, recognizing ordinary income over the life of the notes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes due 2028 linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a monthly contingent coupon of $9.167 per $1,000 face amount (0.9167% monthly, up to approximately 11% per year) only if on each observation date the closing level of every index is at least 70% of its initial level.
The notes are automatically called if on a call observation date all indices are at or above their initial levels, in which case investors receive $1,000 per note plus the coupon for that month. If the notes are not called, then at maturity investors receive $1,000 per note if the final level of every index is at or above 70% of its initial level. If any index finishes below 70%, payment is reduced based on the worst-performing index, and investors can lose up to their entire principal.
The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. They will not be listed on an exchange, their estimated value at pricing is lower than the issue price, their market value can be volatile, and tax treatment is uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable contingent coupon notes linked to the Class A common stock of Strategy Inc. Each note has a $1,000 face amount and an original issue price of 100% of face, with an underwriting discount of 2.35% and net proceeds of 97.65% to the issuer.
Investors may receive quarterly coupons only if the underlier closes at or above 50% of its initial level of $162.08 on each observation date. The coupon formula targets $70 per observation date, less any coupons already paid. The notes are automatically called, returning $1,000 plus the due coupon, if the underlier is at or above the initial level on any call observation date from June 2026 through September 2028.
If the notes are not called and the final underlier level on the December 15, 2028 determination date is at least 50% of the initial level, investors receive $1,000; if it is below 50%, principal is reduced in line with the underlier return, and the entire investment can be lost. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the estimated value of the notes at pricing is lower than the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is offering contingent variable coupon notes linked to the State Street® SPDR® S&P® Metals & Mining ETF. The notes are expected to mature on December 20, 2028 and pay quarterly coupons of up to $10 per $1,000 face amount, based on how often the ETF’s closing level stays between 86% and 110% of the initial level of $100.91.
At maturity, investors receive $1,000 plus a final coupon if the ETF is between 86% and 110% of its initial level; above 110%, returns increase at 110% of the ETF gain over 10%, capped at a maximum settlement of $1,700 per $1,000. If the ETF finishes below 86% of its initial level, principal losses accelerate at about 1.1628% for every 1% drop below that buffer, and a total loss of the investment is possible.
The notes are unsecured obligations of GS Finance Corp., subject to the credit risk of both the issuer 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 structuring costs and dealer compensation.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable S&P 500® Index-linked notes due December 22, 2028. These notes do not pay interest and expose holders to the performance of the S&P 500® Index.
The notes will be automatically called on December 24, 2026 if the index level on the call observation date is at or above the initial level, paying $1,080 for each $1,000 face amount. If not called, at maturity investors receive: full principal plus a 150% upside participation in any index gain; principal back if the index is between 80% and 100% of its initial level; or a 1‑for‑1 loss with the index if it finishes below the 80% trigger buffer level, which can result in a total loss of principal.
The notes carry the credit risk of GS Finance Corp. and its guarantor, may trade below issue price because the estimated value is less than the original price, may have limited or no secondary market, and involve uncertain U.S. federal income tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering trigger callable contingent yield notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq‑100 Index®. The notes have a face amount of $10 per note, an issue price of 100% with a 1% underwriting discount, and net proceeds of 99% to the issuer.
The notes pay a contingent quarterly coupon between $0.25 and $0.26 per $10 (up to about 10%–10.4% per year) only if, on every trading day in the observation period, each index stays at or above a coupon barrier set at 70% of its initial level. Principal is protected only at maturity and only if, on the determination date, every index is at or above a downside threshold of 60% of its initial level; otherwise repayment is reduced one‑for‑one with the decline of the worst index and can fall to zero.
Beginning in March 2026 through September 2028, GS Finance Corp. may redeem the notes early on any coupon payment date at 100% of face amount plus any due coupon. The estimated value on the trade date is expected to be between $9.65 and $9.95 per $10, below the issue price, and any payments are subject to the unsecured credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable, income-bearing notes linked to the S&P 500® Index, Russell 2000® Index and State Street® Utilities Select Sector SPDR® ETF. The notes are expected to be issued on December 30, 2025 and mature on December 30, 2030, unless automatically called starting in March 2026.
Holders receive a monthly coupon of $8.334 per $1,000 face amount (0.8334% monthly, about 10% per year) only if on the observation date the level of each underlier is at least 70% of its initial level; otherwise no coupon is paid. If on any call observation date each underlier is at or above its initial level, the notes are redeemed at par plus that month’s coupon. At maturity, if not called and each underlier is at or above 70% of its initial level, investors receive $1,000 plus the final coupon; if any underlier is below 70%, repayment is reduced in proportion to the worst performer and can fall to zero with no coupon. The notes carry full credit risk of GS Finance Corp. and the guarantor, and the estimated initial value is $885–$925 per $1,000, below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes due 2028 linked to the common stock of NVIDIA Corporation. Each note has a $1,000 face amount and may pay a quarterly coupon of $34.375 (3.4375% per quarter, up to 13.75% per year) if NVIDIA’s share price on the observation date is at or above 60% of the initial level. The notes are automatically called, returning $1,000 plus the due coupon, if on any call observation date the stock closes at or above its initial level.
At maturity, if not called, investors receive $1,000 per note only if the final NVIDIA level is at or above 60% of the initial level. Below that “trigger buffer”, repayment falls one-for-one with NVIDIA’s decline, and investors can lose their entire principal. The original issue price is 100% of face, with a 2% underwriting discount and 98% net proceeds to the issuer. Investors face the credit risk of GS Finance Corp. and its guarantor, potential illiquidity, lack of any NVIDIA shareholder rights, and uncertain U.S. tax treatment of the notes.
The Goldman Sachs Group, Inc. is offering $20,170,000 of Callable Fixed Rate Notes due June 17, 2029. The notes pay fixed interest at 4.20% per year from December 17, 2025, with interest paid quarterly on March 17, June 17, September 17 and December 17, beginning March 17, 2026.
Goldman Sachs may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on each March 17, June 17, September 17 and December 17 starting June 17, 2026, upon at least five business days’ notice. The initial price to the public is 100% of face amount, with an underwriting discount of 0.35% and estimated proceeds before expenses of $20,099,405. The notes are unsecured debt obligations of Goldman Sachs, are not bank deposits, and are not insured by any governmental agency.