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 $7,500,000 of callable fixed rate notes due November 30, 2032, paying 4.50% 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. 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 March 16, 2027, with at least five business days’ notice. The notes are sold at 100% of principal with a 1.505% underwriting discount, providing Goldman Sachs gross proceeds of $7,387,125 before expenses, which are estimated at $15,000. The issue is underwritten by Goldman Sachs & Co. LLC and InspereX LLC and will settle through DTC in global note form.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2040 that pay interest at 5.25% per year. Interest is expected to be paid on the last calendar day of December each year and on the stated maturity date in December 2040, calculated using a 30/360 (ISDA) day-count convention.
The notes can be redeemed at Goldman Sachs’ option, in whole but not in part, on specified quarterly dates starting in 2028 at 100% of principal plus accrued and unpaid interest, so investors bear the risk that the notes may be called before maturity. The notes are unsecured obligations, are not bank deposits or FDIC-insured, and are a new issue with no established trading market, although Goldman Sachs & Co. LLC and InspereX LLC currently intend to make a market. U.S. holders generally will recognize ordinary interest income on payments and capital gain or loss on disposition, and the notes are subject to FATCA rules. Sales are restricted to institutional or otherwise qualified investors in several jurisdictions, including the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland.
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 and maturing on June 22, 2028. The notes reference E-mini S&P 500 futures rather than the S&P 500® Index itself.
At maturity, for each $1,000 note, holders receive 120% of any positive index return. If the final index level is between 80% and 100% of the initial level, principal is repaid in full. If the index falls below 80% of the initial level, principal is reduced 1% for every 1% drop, so a substantial loss of principal is possible.
The notes do not pay interest and payments depend on the credit of GS Finance Corp. and its parent guarantor. The disclosure explains that the estimated value at issuance will be lower than the original issue price, secondary market prices may be volatile or unavailable, and U.S. tax treatment is uncertain, with the notes intended to be treated as prepaid derivative contracts for federal income tax purposes.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing in 2030. These notes pay a contingent monthly coupon of $6.084 per $1,000 (0.6084%, up to approximately 7.30% per annum) only if each index is at or above 70% of its initial level on the relevant observation date; otherwise the coupon is zero.
The notes are automatically called on specified quarterly dates if each index is at or above its initial level, returning $1,000 per note plus any due coupon. If the notes are not called and, at maturity, any index is below 70% of its initial level, repayment of principal is reduced one-for-one with the worst-performing index return and investors can lose their entire investment.
The pricing supplement highlights that the estimated value on the trade date is less than the original issue price, the notes are subject to the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc., may have limited or no secondary market, and involve uncertain U.S. tax treatment as income-bearing prepaid derivative contracts.
GS Finance Corp., guaranteed by The Goldman Sachs Group, is issuing auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest and mature on December 16, 2030, but can be automatically called starting in December 2026 if the index closes at or above its initial level of 507.24 on a call observation date.
If called, holders receive $1,000 plus a call premium (from 28% up to 133%) per $1,000 face amount. If not called, and the final index level is at or above the initial level, the payout is capped at $2,400 per $1,000. If the index has declined by up to 50%, principal is returned; below that 50% threshold, losses are one-for-one, and a deep drop can result in losing the entire investment.
The underlying index uses up to 500% leverage and targets 40% volatility, while subtracting a fixed 6.0% per year decrement, which drags on performance and magnifies declines. Estimated value at pricing is about $953 per $1,000, below the issue price, and payments depend on the credit of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the Dow Jones Industrial Average®, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF. The notes are expected to mature on January 2, 2029, but can be automatically called starting in June 2026 if the closing level of each underlier on a call observation date is at or above its initial level, in which case investors receive the face amount plus a coupon.
On each monthly coupon observation date, if every underlier is at least 70% of its initial level, investors receive a coupon of $8.334 per $1,000 (0.8334% monthly, or up to approximately 10% per annum); otherwise no coupon is paid. At maturity, if the worst-performing underlier is at or above 70% of its initial level, investors receive face amount plus the final coupon. If the worst underlier is between 60% and 70%, investors receive face amount with no coupon. If any underlier is below 60%, repayment is reduced in line with the worst underlier’s loss, and investors can lose most or all of their principal. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc., and the estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount.
GS Finance Corp. is offering $7,007,000 of Alphabet Inc. Class A stock-linked notes under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent quarterly coupons based on a $26 per observation date accrual when Alphabet closes at or above 60% of the $312.43 initial level, net of coupons already paid, and may be automatically called if the stock closes at or above the initial level on specified call observation dates.
If the notes are not called, investors on June 16, 2027 receive $1,000 per note only if the final Alphabet level is at least 60% of the initial level; below that trigger buffer, repayment falls in line with Alphabet’s decline and can drop to zero, so the entire principal can be lost. The original issue price is 100% of face with a 1.5% underwriting discount, the notes are unsecured and not FDIC insured, their modeled value is lower than the issue price, secondary market liquidity is uncertain, and tax treatment is complex and uncertain.
GS Finance Corp. is offering unsecured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, maturing in December 2030 with monthly observation dates. The notes pay a contingent coupon of $11.25 per $1,000 face amount (1.125% monthly, up to 13.5% per annum) whenever the index closes at or above 50% of its initial level; otherwise no coupon is paid. Beginning in December 2026, the notes are automatically called if the index is at or above its initial level, returning the $1,000 face amount plus the coupon.
If the notes are not called, at maturity investors receive $1,000 per note when the final index level is at least 50% of its initial level, but lose principal in proportion to any decline below that threshold and can lose their entire investment. The index uses rules-based, leveraged exposure of up to 500% to S&P 500® futures and deducts a 6.0% per annum decrement, features that can magnify losses and cause underperformance versus the S&P 500® Index. The estimated value on the trade date is expected to be between $885 and $925 per $1,000 face amount, and all payments are subject to the credit risk of GS Finance Corp. and its guarantor, The Goldman Sachs Group, Inc.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering callable contingent coupon index-linked notes due 2027 tied to the Nasdaq-100, Russell 2000 and S&P 500 indexes.
The notes pay a monthly coupon of $8.625 per $1,000 face amount (0.8625% monthly, with the potential for up to 10.35% per annum) only if on each coupon observation date the closing level of every index is at or above 70% of its initial level; otherwise, no coupon is paid for that month. The issuer may redeem the notes at its option on specified quarterly coupon payment dates from March 2026 through September 2027 at $1,000 per note plus any coupon then due.
If the notes are not redeemed, principal repayment at maturity depends solely on the lesser performing index. If each index’s final level is at or above 70% of its initial level, investors receive $1,000 per note; if any index finishes below 70%, repayment is reduced in line with the worst index’s loss, and investors could lose their entire investment. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent, may trade below the original issue price, offer no rights to the underlying index stocks, and carry uncertain U.S. tax treatment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index with an aggregate face amount of $3,591,000. The notes pay a contingent monthly coupon of $9.667 per $1,000 (0.9667% monthly, about 11.6% per year) only if on each observation date all three indexes stay at or above 70% of their initial levels.
The notes can be automatically called on scheduled dates starting March 9, 2026 if each index is at or above its initial level, in which case investors receive $1,000 per note plus the applicable coupon. If the notes are not called, the maturity payment on December 14, 2028 depends on the worst-performing index. If any index finishes below 70% of its initial level, principal is reduced one-for-one with that decline and investors can lose their entire investment.
The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and expose holders to both market risk in the three indexes and the issuers’ credit risk. The original issue price is 100% of face amount, with a 0.2% underwriting discount and 99.8% net proceeds to the issuer.