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 $10 face value Trigger Autocallable Contingent Yield Notes linked to the Russell 2000® and S&P 500® indices. Investors may receive quarterly contingent coupons between $0.185 and $0.195 per $10 (up to about 7.40%–7.80% per annum) only if, on each observation date, both indices close at or above a coupon barrier set at 70% of their initial levels.
Starting in May 2026, the notes are automatically called if both indices are at or above their initial levels, returning the $10 face amount plus the coupon, with no further payments. If not called, and on the final date both indices are at or above the same 70% downside thresholds, holders receive $10 plus the final coupon; otherwise repayment is reduced one-for-one with the decline of the weaker index and can fall to $0. The estimated value at pricing is expected to be $9.50–$9.80 per $10, below the issue price, and all payments are subject to the credit risk of GS Finance Corp. and its parent guarantor.
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. The notes pay no interest and are scheduled to mature in late 2030, unless Goldman redeems them earlier on monthly call dates for $1,000 per note plus a call premium that starts at at least 16.0008% and steps up over time.
At maturity, if not called, investors receive for each $1,000 face amount: 1.55× any positive index return; the full absolute return if the index is down but no worse than 20%; or a loss beyond that 20% buffer if the index finishes below 80% of its initial level. The structure is exposed to the performance of E-mini S&P 500 futures (not the cash S&P 500 Index) and to the credit risk of both GS Finance Corp. and its parent. The estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to an ADS of Arm Holdings plc. The notes are scheduled to mature on September 10, 2027, unless redeemed early by the issuer at 100% of face amount plus any due coupon between June 2026 and August 2027.
The notes pay a monthly coupon of $15.834 per $1,000 face amount (1.5834% monthly, about 19% per year potential) only when the Arm ADS is at or above 60% of its initial price on the relevant observation date; otherwise the coupon is zero. At maturity, principal is protected only down to a 50% trigger buffer: if the final price is at or above 50% of the initial level, investors receive at least full face value; if it is below 50%, repayment is reduced one-for-one with the stock’s decline and can result in a complete loss of principal.
The notes’ estimated value on the trade date is expected to be between $925 and $965 per $1,000 face amount, less than the original issue price, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The notes are unsecured, not bank deposits, and not insured by the FDIC or any governmental agency.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,260,000 of callable notes linked to the 10‑year Constant Maturity Treasury (CMT) rate, maturing on November 25, 2030. The notes pay quarterly interest, with the rate for each period determined by how often the 10‑year CMT is at or below 4.30% versus above that level.
When the 10‑year CMT is at or below 4.30% on a reference date, a 6.25% maximum interest factor applies for that day; when it is above 4.30%, only a 1.50% minimum interest factor applies. Interest is calculated using a 30/360 (ISDA) convention, so the effective quarterly rate varies and will be less than 6.25% per year unless the 10‑year CMT stays at or below 4.30% on all reference dates in the period.
The notes are callable at the issuer’s option at par plus accrued interest on any quarterly interest payment date on or after May 25, 2027. The original issue price is 100% of face amount with a 2% underwriting discount and 98% net proceeds, while the estimated value is about $969 per $1,000 face amount. The notes are unsecured obligations subject to the credit risk of both GS Finance Corp. and the guarantor and may have limited secondary market liquidity.
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 are expected to mature on December 21, 2028.
At maturity, for each $1,000 face amount, investors receive $1,000 plus a return linked to the index. If the index return is zero or positive, the payoff equals the index gain multiplied by an upside participation rate of at least 120%. If the index return is negative, investors receive the absolute value of the index decline, but the total payout is capped at a maximum downside settlement amount of $2,000 per $1,000 note, creating leveraged exposure in both directions.
The underlier is an excess return index that reflects the S&P 500® risk-control strategy minus a financing rate of SOFR plus 0.02963%, which reduces positive performance and amplifies losses. Payments are subject to the credit risk of GS Finance Corp. and its parent, and the estimated initial value is expected to be $925–$965 per $1,000, below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering zero-coupon, auto-callable structured notes with an aggregate face amount of $1,287,000. The notes are linked to the EURO STOXX 50® Index, the Energy Select Sector SPDR® Fund (XLE) and the Utilities Select Sector SPDR® Fund (XLU).
The notes may be automatically called quarterly starting on November 23, 2026 if all three underliers are at or above their initial levels, paying back principal plus a call premium that starts at 19% and steps up over time. If not called, at maturity on November 29, 2030 investors receive $1,950 per $1,000 if all underliers are at or above initial levels, return of principal if the worst underlier is at or above 70% of its initial level, and a proportionate loss if the worst underlier finishes below that buffer, with the potential to lose the entire investment. The estimated value on the trade date is about $926 per $1,000, and payments are subject to the unsecured credit risk of GS Finance Corp. and its guarantor.
The Goldman Sachs Group, Inc. is offering $3,000,000 of Callable Step-Up Fixed Rate Notes due November 25, 2050 under its Medium-Term Notes, Series N program. The notes pay fixed interest of 5.00% per annum from November 25, 2025 to November 24, 2030, then 6.00% per annum from November 25, 2030 to maturity, with interest paid annually each November 25 starting in 2026.
Goldman Sachs may, at its option, redeem the notes in whole (but not in part) on any February 25, May 25, August 25 or November 25 on or after November 25, 2030 at 100% of principal plus accrued interest, which could limit investors’ ability to benefit from the higher 6.00% rate. The notes are offered at 100% of principal with a 1.75% underwriting discount, resulting in proceeds before expenses of $2,947,500, are issued in $1,000 denominations, are unsecured senior debt, not listed on any exchange, not bank deposits and not insured by the FDIC.
Goldman Sachs (GS) provides an overview of the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP), which tracks the nearest maturing quarterly E-mini S&P 500 futures contract on the Chicago Mercantile Exchange. The index, sponsored and calculated by S&P Dow Jones Indices, has a base value of 100 on September 9, 1997 and is quoted in USD.
As of November 3, 2025, the index shows annualized returns of 15.06% over 1 year, 17.76% over 3 years, 12.78% over 5 years, and 11.66% since January 2, 2020, with corresponding annualized volatilities up to 20.70%. Over the same periods, it has trailed the S&P 500® Index, which returned 19.61%, 22.58%, 15.25% and 13.58%, respectively.
The text highlights key risks for investors in securities linked to this index, including credit risk to GS Finance Corp. and The Goldman Sachs Group, Inc., lack of dividends and shareholder rights, potential negative roll yields in futures, the derivative nature of futures contracts, and the possibility that market disruptions or index methodology changes could adversely affect security values.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering market-linked, auto-callable notes tied to the lowest performing of Advanced Micro Devices and Meta Platforms Class A common stock. Each note has a $1,000 face amount and pays no interest or dividends.
On quarterly call dates starting in December 2026, if the lowest performing stock’s closing price is at or above its starting price, the notes are automatically called for $1,000 plus a fixed call premium that starts at at least 6.00% of face amount and steps up to at least 24.00% if called on the final calculation day in November 2029. If the notes are never called, investors receive only the $1,000 face amount at maturity, with no positive return.
The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor, have no exchange listing and are designed to be held to maturity. The initial estimated value is expected to be between $900 and $930 per $1,000, reflecting underwriting discounts of up to 3.075% and issuance and structuring costs.
Goldman Sachs (GS) provides an index supplement describing the Dow Jones Industrial Average Futures Excess Return Index (Bloomberg: DJIAFP). This index tracks the performance of the nearest maturing quarterly E-mini Dow ($5) futures contract on the Chicago Mercantile Exchange, referencing the 30‑stock Dow Jones Industrial Average® price-weighted index. It has a base value of 100 on June 14, 2002 and is calculated by S&P Dow Jones Indices.
The supplement shows historical performance through November 3, 2025. For that date, the index’s annualized return was 8.75% over 1 year, 10.01% over 3 years, 9.63% over 5 years, and 7.53% since January 2, 2020, with annualized volatility between about 13.78% and 19.92% across periods. Over the same horizons, the S&P 500® and the Dow Jones Industrial Average® posted higher annualized returns.
The document highlights multiple risks for securities linked to this index, including the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the lack of dividend exposure and shareholder rights, the impact of negative roll yield in futures, and the possibility that futures-based index behavior differs from the underlying equity index. The securities are unsecured obligations, are not bank deposits, and are not insured by any governmental agency.