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. is offering auto-callable, index-linked notes maturing in December 2028 that pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc. The notes are tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, which uses up to 500% leverage, volatility targeting and calendar-based signals, and applies a fixed 6.0% per annum decrement deducted daily.
The notes may be automatically called beginning in December 2026 if the index is at or above its initial level, paying $1,000 plus a call premium (from 25% up to 68.75% of face). If not called, and the final index level is at or above the initial level, investors receive a maximum of $1,750 per $1,000 face amount. If the index falls by up to 44%, principal is returned; below that, losses match the index decline and investors can lose their entire investment.
The issuer discloses significant risks, including leverage-driven volatility, the daily decrement drag, complex index rules and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is expected between $925 and $955 per $1,000 face amount, below the original issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non-interest-bearing notes linked to an equally weighted basket of 9 large-cap stocks, including Alphabet, Microsoft, Meta and NVIDIA. The basket starts at a level of 100.
The notes are automatically called on the call observation date if the basket level is at or above the initial level, paying at least $1,153.5 per $1,000 face amount. If not called, at maturity investors receive $1,000 plus 125% of any positive basket return, $1,000 if the basket is down by up to 20%, and a reduced amount if the basket falls by more than 20%, with losses amplified by a 125% buffer rate and potential total loss of principal.
The estimated value on the trade date is expected to be $900–$930 per $1,000, reflecting fees and hedging costs. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc., provide no dividends from the underlying stocks, and the notes may have limited or no secondary market liquidity.
The Goldman Sachs Group, Inc. is offering $14,000,000 of callable fixed rate notes due November 30, 2035, paying 4.90% interest per year in U.S. dollars. Interest is paid each December 16, starting in 2026, and at maturity, using a 30/360 (ISDA) day count convention.
The notes are issued at 100% of principal, with an underwriting discount of 1.732%, providing net proceeds of $13,757,520 before expenses. Goldman Sachs may redeem all of the notes at 100% of principal plus accrued interest on March 16, June 16, September 16 and December 16 on or after June 16, 2027. The notes are unsecured Medium-Term Notes, Series N, in $1,000 denominations, are not FDIC insured, will not be listed on an exchange, and will be held through DTC. U.S. holders are taxed on interest as ordinary income, and FATCA withholding rules apply.
The Goldman Sachs Group, Inc. is issuing $19,000,000 of callable fixed rate notes due December 16, 2037 under its Medium-Term Notes, Series N program. The notes pay a fixed interest rate of 5.05% per annum from December 16, 2025, with interest paid once a year on December 16, starting December 16, 2026.
Goldman Sachs may redeem the notes at its option, in whole but not in part, at 100% of principal plus accrued interest on each March 16, June 16, September 16 and December 16 on or after December 16, 2027, with at least five business days’ notice. The initial price to the public is 100% of principal, with an underwriting discount of 2.04%, resulting in proceeds before expenses of $18,612,400. The notes will not be listed on any exchange, are not bank deposits, and are not insured by the FDIC or any government agency.
The Goldman Sachs Group, Inc. is offering $8,781,000 of Callable Fixed Rate Notes due December 15, 2045. The notes pay interest at 5.35% per year from December 16, 2025, with payments each December 16 starting in 2026 and on the maturity date, calculated using a 30/360 (ISDA) day-count convention.
Goldman Sachs may redeem the notes at its option, in whole but not in part, at 100% of principal plus accrued and unpaid interest on March 16, June 16, September 16 and December 16 on or after December 16, 2028, with at least five business days’ prior notice. The initial price to the public is 100% of principal, the underwriting discount is 2.7%, and estimated proceeds before expenses to Goldman Sachs are $8,543,913. The notes are issued under its Medium-Term Notes, Series N program and senior debt indenture, are not bank deposits, and are not insured by the FDIC or any other governmental agency.
The Goldman Sachs Group, Inc. is offering $4,795,000 of callable fixed rate notes due December 16, 2055. The notes pay a fixed interest rate of 5.45% per year, with interest paid annually on December 16, starting December 16, 2026. The notes are issued at 100% of principal, with an underwriting discount of 2.455%, resulting in proceeds to Goldman Sachs of $4,677,282.75 before expenses.
Goldman Sachs may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on any March 16, June 16, September 16 or December 16 on or after December 16, 2030, upon at least five business days’ notice. The notes are unsecured senior debt under the Medium-Term Notes, Series N program, are not bank deposits, are not insured by any governmental agency, and may have limited liquidity as they are a new issue with no established trading market.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable notes linked to the Nasdaq-100 Index®. These notes do not pay interest and return of principal is not guaranteed, so investors could lose their entire investment.
The notes may be automatically called in December 2026 if the index is at or above its initial level; in that case, holders receive a fixed cash amount of $1,093 per $1,000 face amount. If the notes are not called, the December 2030 maturity payment depends on index performance, with a 150% upside participation rate when the final index level is above the initial level.
An 80% trigger buffer protects principal only down to a 20% index decline; below that level, losses match the index decline and can reach 100% of principal. The document highlights that the notes are subject to the credit risk of GS Finance Corp. and its guarantor, that secondary market values may be well below the issue price, and that U.S. federal tax treatment of the notes is uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged notes linked to the MSCI EAFE Index maturing in 2029. The notes pay no interest and your payout at maturity depends entirely on index performance from the trade date to the determination date.
If the final index level is above the initial level, you receive your principal plus 122% of the index gain. If the final level is equal to or below the initial level, your return matches the index return on a one-for-one basis, so any decline in the index reduces principal and you could lose your entire investment. The original issue price is 100% of face amount, with a 2.5% underwriting discount and 97.5% of face amount in net proceeds to the issuer. Investors are exposed to both index performance risk and the credit risk of GS Finance Corp. and its parent guarantor.
The Goldman Sachs Group, Inc. is offering $19,195,000 of Callable Fixed Rate Notes due November 29, 2030 under its Medium-Term Notes, Series N program. The notes pay fixed interest at 4.20% per annum from the original issue date of December 16, 2025, with payments each December 16 and at maturity; the first interest payment is scheduled for December 16, 2026.
Goldman Sachs may redeem the notes, in whole but not in part, on any March 16, June 16, September 16 or December 16 on or after December 16, 2026 at 100% of principal plus accrued interest. The initial price to the public is 100% of principal, with an underwriting discount of 1.25%, resulting in net proceeds to Goldman Sachs of $18,955,062.5 before expenses. The issue is being underwritten by Goldman Sachs & Co. LLC and InspereX LLC, and the notes will be held in book-entry form through DTC.
The Goldman Sachs Group, Inc. is offering $19,000,000 of callable fixed rate notes due December 14, 2040, paying 5.20% interest per year from December 16, 2025. Interest is paid annually on December 16, with the first payment on December 16, 2026, using a 30/360 (ISDA) day count convention. The notes are issued at 100.00% of principal; underwriters receive a 2.344% discount, and Goldman Sachs expects proceeds of about $18,554,640 before expenses. The notes are callable at Goldman Sachs’ option, in whole but not in part, on each March 16, June 16, September 16 and December 16 on or after June 16, 2028 at 100% of principal plus accrued interest. The notes are issued in book-entry form through DTC, are not bank deposits, are not FDIC insured, and may be subject to FATCA withholding. Distribution is handled by Goldman Sachs & Co. LLC and InspereX LLC, with various selling and regulatory restrictions outside the United States.