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 auto-callable, zero-coupon notes linked to the Class A common stock of CoreWeave, Inc. The notes have a face amount of $1,000, an initial index stock price of $104.01, a trade date of November 7, 2025 and mature on May 14, 2027, with up to $300,000 issued initially.
The notes may be automatically called on November 9, 2026 if the CoreWeave stock closing price is at or above $104.01, paying a fixed $1,610 per $1,000 on November 17, 2026. If not called, at maturity investors receive: leveraged upside at a 200% participation rate if the stock is at or above the initial price; full principal back if the stock is down but not below 50% of the initial price; and a 1-for-1 loss if the stock is down more than 50%, which can result in a total loss of principal.
The notes do not pay interest, are unsecured obligations of GS Finance Corp., and expose holders to the credit risk of both the issuer and the guarantor. The estimated value on the trade date is approximately $932 per $1,000 face amount, below the issue price, reflecting dealer compensation, hedging and structuring costs. Extensive anti-dilution, market disruption and default provisions govern how payoffs are calculated under corporate actions and trading interruptions.
GS Finance Corp. filed a preliminary pricing supplement for autocallable index-linked notes due 2030, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Nasdaq-100 Index (NDX) and the Russell 2000 Index (RTY) and do not bear interest.
The notes can be automatically called quarterly if the closing level of each index is at or above its initial level on a call observation date, paying $1,000 plus the applicable call premium (from 8.75% up to 41.5625%). If held to maturity and both final index levels are at or above their initial levels, the payoff is $1,000 plus a 43.75% maturity premium. If any index is below its initial but at or above its 75% trigger buffer, repayment is $1,000. If any index finishes below 75% of its initial level, repayment falls by the lesser-performing index’s return, up to a total loss of principal.
Key dates: trade date Nov 20, 2025; original issue date Nov 25, 2025; determination date Nov 20, 2030; stated maturity Nov 27, 2030. GS&Co. is calculation agent; the notes will not be listed.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged underlier‑linked notes tied to the lesser of the EURO STOXX 50 Index and the iShares MSCI EAFE ETF. The notes pay no interest and repay based on performance from the expected trade date of November 21, 2025 to the determination date of November 22, 2027, with maturity expected on November 26, 2027.
If both underliers finish above their initial levels, the payoff equals $1,000 plus 1.77 times the return of the lesser performer. If any underlier is at or below its initial level but both are at least 90% of initial, repayment is $1,000. If any underlier finishes below 90% of initial, principal declines by the lesser performer’s return plus 10%. The preliminary estimated value is expected to be $900–$930 per $1,000 face amount. Repayment is subject to the credit risk of GS Finance Corp. and the guarantor.
Goldman Sachs (GS) filed a preliminary prospectus supplement for GS Finance Corp. notes linked to Meta, Amazon, Alphabet Class C and NVIDIA. The notes pay a monthly coupon of $6.375 per $1,000 (0.6375% monthly, potential for up to 7.65% per annum) only if on each observation date every stock closes at or above 75% of its initial price.
The notes are automatically called if, on any call observation date (commencing in November 2026 and ending in October 2031), each stock is at or above its initial price; investors then receive the face amount plus the applicable coupon on the next payment date. If not called, the notes are scheduled to mature on December 1, 2031, paying $1,000 per $1,000 face amount plus the final coupon, if any. Monthly coupon observation dates are expected to be the 21st of each month from December 2025 through November 2031.
The estimated value at pricing is expected to be between $885 and $935 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. as issuer and The Goldman Sachs Group, Inc. as guarantor.
GS Finance Corp. is offering Medium‑Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., that are equity‑linked and auto‑callable with a contingent coupon and downside risk to principal. The notes are tied to the lowest performing of Meta Platforms Class A and Micron Technology common stock and mature on November 15, 2028.
The notes pay a monthly contingent coupon of at least $20.834 per $1,000 face amount (about 25.00% per annum) only if the lowest performing stock closes at or above its coupon threshold price, set at 70% of its starting price. Missed coupons have a memory feature. From February 2026 to October 2028, if the lowest performer is at or above its starting price on a call date, the notes are automatically called for face amount plus any due coupons.
If not called, principal is repaid only if the lowest performer is at or above its 70% downside threshold on the final calculation day; otherwise, investors lose more than 30% and up to all principal. Estimated value is $925–$955 per $1,000. Original offering price is $1,000, underwriting discount up to $23.25, and proceeds to the issuer $976.75 per security. Payments are subject to the credit risk of GS Finance Corp. and the guarantor. No exchange listing.
Goldman Sachs provided investor information for unsecured notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500 Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (“SPAR4V6”). The notes are subject to the credit risk of both the issuer and guarantor and will not be listed on any exchange.
The index seeks volatility-adjusted exposure to the S&P 500 Futures Excess Return Index using rules-based signals (mean reversion, FOMC schedule, and turn-of-the-month). It targets 40% realized volatility with leverage up to 500% and a maximum 100% daily change in leverage. A 6% per annum daily decrement applies to the index level. The S&P 500 Futures Adaptive Response indices have been live since December 27, 2024; earlier figures shown are hypothetical backtests.
Materials emphasize extensive risk factors, including leverage risk, decrement drag, potential divergence from S&P 500 performance, negative roll yields, market disruptions, and tax uncertainty. Any specific note terms would be set in an applicable pricing supplement.
Goldman Sachs (GS) filed a Rule 424(b)(3) supplemental index fact sheet for notes linked to the S&P 500 Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The index applies a rules-based overlay to the S&P 500 Futures Excess Return Index, targeting volatility-adjusted exposure with a maximum exposure of 500% and a maximum daily change in leverage of 100%, and is subject to a daily decrement of 6.0% per annum.
Historical information prior to December 27, 2024 is hypothetical from the sponsor’s website. The materials state no regulatory approval and note that these securities are not bank deposits or FDIC insured. Key risks include issuer and guarantor credit risk, leveraged exposure, caps on daily leverage changes, potential periods when the index may be significantly uninvested, negative roll yields, and the possibility the index level could remain at zero if it ever reaches zero.
GS Finance Corp, guaranteed by The Goldman Sachs Group, Inc., is offering Autocallable Contingent Coupon Index‑Linked Notes due 2028 tied to the Nasdaq‑100, Russell 2000, and S&P 500.
The notes pay a monthly contingent coupon of $12.5 per $1,000 (1.25% monthly, up to 15.00% per annum) if on each observation date the closing level of each index is at or above its 80% coupon trigger. The notes are automatically called if, on a call observation date, each index is at or above its initial level; holders then receive $1,000 per note plus the coupon for that period.
If not called, at maturity on November 17, 2028 investors receive $1,000 per note if the final level of each index is at or above its 80% trigger buffer. Otherwise, repayment is reduced by the lesser performing index return, which can result in losing the entire investment. Key dates include a trade date of November 14, 2025 and monthly observation/payment dates as scheduled. The notes are subject to the credit risk of the issuer and guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Medium‑Term Notes, Series F linked to three stocks—Rocket Companies, TG Therapeutics, and Constellation Brands. The notes pay a contingent monthly coupon of $20.417 per $1,000 face amount (2.0417% monthly, up to approximately 24.5% per annum) only if each stock closes at or above 60% of its initial price on the observation date.
The notes are automatically called beginning in November 2026 if each stock is at or above its initial price, returning principal plus the then‑due coupon. If not called, they mature on the expected stated maturity date of November 30, 2028. At maturity: if each stock is at or above 60% of its initial price, investors receive $1,000 plus the final coupon; if any stock is between 50% and 60%, investors receive $1,000 with no coupon; if any stock is below 50%, repayment is reduced by the lesser‑performing stock’s return and no coupon is paid.
The estimated value at pricing is expected to be $925–$965 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and the guarantor.
Goldman Sachs (GS) filed a preliminary 424(b)(2) pricing supplement for monthly coupon autocallable notes linked to the S&P 500 Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes may mature on November 19, 2030, unless automatically called on monthly observation dates starting in May 2026 if the index closes at or above the initial level.
Holders receive a $13.75 coupon per $1,000 face amount in any month the index closes at or above 70% of its initial level (1.375% monthly, up to 16.5% per annum). If called, investors receive face amount plus that month’s coupon. If not called, principal repayment at maturity depends on the index level on the final observation date; if the final level is below 40% of the initial level, investors incur losses proportional to the decline, up to total loss.
The index embeds up to 500% daily leverage, a 6% per annum decrement deducted daily, and caps the daily change in leverage. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Estimated value at pricing is expected between $885 and $925 per $1,000 face amount. Expected trade date is November 12, 2025; issue date is November 17, 2025.