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. announced a preliminary pricing supplement for callable notes linked to the S&P 500 Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are expected to mature on November 5, 2030, unless redeemed earlier.
The issuer may redeem the notes on monthly call payment dates at 100% of face value plus a listed call premium. If not redeemed, maturity payment depends on index performance from the expected October 31, 2025 trade date to the expected October 22, 2030 determination date. Upside is leveraged at 1.6x of the index return. If the final index level is between 50% and 100% of the initial level, investors receive the $1,000 face amount. If it falls below 50% of the initial level, repayment declines one-for-one with the index and investors could lose their entire investment.
The filing highlights an estimated value of $850–$890 per $1,000 at pricing and details extensive market, structure, call, and tax risks. The index tracks E-mini S&P 500 futures (not the S&P 500 Index), so futures dynamics, financing costs, and roll yield can materially affect returns.
GS Finance Corp. plans to offer Autocallable Contingent Coupon Index‑Linked Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference three equity indices: the Dow Jones Industrial Average (INDU), Russell 2000 (RTY), and S&P 500 (SPX).
The notes pay a contingent monthly coupon of at least $9 per $1,000 (at least 0.9% monthly, up to at least 10.8% per annum) if on the observation date the closing level of each underlier is ≥ 80% of its initial level (the coupon trigger). The notes are automatically called on designated quarterly dates if each underlier is ≥ its initial level, returning $1,000 per note plus any due coupon.
If not called, payment at maturity depends on the lesser performing underlier. If each final level is ≥ the 80% buffer, holders receive $1,000 per note. If any final level is below its buffer, the payoff is reduced by the formula using a buffer rate of 125%, and investors could lose their entire principal. Key dates: trade date October 22, 2025; original issue date October 27, 2025; determination date January 22, 2029; stated maturity January 25, 2029. CUSIP/ISIN: 40058QNP0 / US40058QNP09.
The Goldman Sachs Group, Inc. filed an 8-K noting the issuance of debt securities on October 21, 2025 under its shelf registration statement on Form S-3 (File No. 333-284538). The company filed exhibits supporting that issuance, including a legal opinion from Sullivan & Cromwell LLP (Exhibit 5.1) and the related consent (Exhibit 23.1), which are incorporated by reference into the registration statement.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering U.S. dollar-denominated, autocallable contingent coupon notes linked to the common stocks of Applied Materials and Synopsys and to an ADS of Taiwan Semiconductor Manufacturing Company Limited (representing five common shares). Each note has a $10 face amount, original issue price of 100% and will not be listed.
The notes may be automatically called on quarterly observation dates starting in January 2026 if each stock closes at or above its initial price, paying $10 plus the contingent coupon then due. On each quarterly determination date, a contingent coupon accrues only if all three stocks close at or above a 60.00% barrier, with coupon mechanics targeting between $0.4125 and $0.425 per quarter on a cumulative basis (maximum return expected between 4.125% and 4.25% quarterly, or 16.50%–17.00% per annum). If not called, the notes mature on October 25, 2029.
At maturity, if each stock is at or above its 60.00% downside threshold, holders receive $10 plus the final contingent coupon. If any stock is below its threshold, repayment is reduced by the lesser-performing stock return, and principal losses can be substantial, up to total loss. The underwriting discount is 2.25% and the net proceeds are 97.75% of face amount. The estimated value on the trade date is expected to be $9.30–$9.60 per $10 note.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary 424(b)(2) pricing supplement for autocallable notes linked to the S&P 500, Dow Jones Industrial Average, and Russell 2000. The notes pay no interest and may be automatically called on observation dates starting October 26, 2026 if each index is at least 80% of its initial level, returning the face amount plus a call premium.
If not called, the maturity payment depends on the worst-performing index. If each index is at least 80% of its initial level on the determination date, holders receive $1,320 per $1,000. If any index is below 80%, the payoff equals $1,000 plus the lesser-performing index return times $1,000, which can result in substantial loss of principal.
Call premiums step from 8% to 30% across scheduled dates; the maturity-date premium is 32%. The estimated value at pricing is expected between $905 and $945 per $1,000. Key risks include credit exposure to the issuer and guarantor, capped upside, and potential loss up to the entire investment.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., filed a preliminary pricing supplement for Autocallable Contingent Coupon Index-Linked Notes due 2030. The notes reference three underliers: the Nasdaq-100 Technology Sector Index (NDXT), the Russell 2000 Index (RTY) and the S&P 500 Index (SPX).
The notes pay a contingent monthly coupon of $8.959 per $1,000 (0.8959% monthly, up to approximately 10.75% per annum) if each underlier closes at or above its 70% coupon trigger level on the observation date. They may be automatically called if on any call observation date (beginning July 2026) each underlier is at or above its initial level; in that case, holders receive $1,000 plus the coupon then due.
If not called, maturity payment depends on the lesser performing underlier. At maturity on October 30, 2030, if each final underlier level is at or above its 70% trigger buffer level, holders receive $1,000 (plus any final coupon). Otherwise, repayment equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a substantial loss, up to the entire investment. Key dates include trade date October 23, 2025 and original issue date October 28, 2025. The notes are subject to the credit risk of the issuer and guarantor, are not listed, and the estimated value at pricing will be less than the original issue price.
GS Finance Corp. filed a product supplement for Medium‑Term Notes, Series F, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are senior unsecured obligations whose return is linked to a specified equity “Market Measure” such as an index, ETF, single stock/ADR, a basket, or the best‑ or worst‑performer among them.
Each offering will be defined in a separate term sheet, including the Market Measure, maturity and risk factors. Notes may pay fixed or contingent coupons, may be callable, and the Redemption Amount can be less than, equal to, or greater than principal. Units are generally issued in $10 denominations and, unless a term sheet says otherwise, the notes will not be listed. GS&Co. will act as selling agent and calculation agent.
Key risks include principal at risk, credit risk of the issuer and guarantor, limited liquidity, potential early call, valuation that may be below the public offering price, and conflicts from hedging and market‑making. Proceeds are expected to be lent to The Goldman Sachs Group, Inc. or affiliates, and Goldman may hedge using instruments linked to the Market Measure.
GS Finance Corp. filed a preliminary 424(b)(2) pricing supplement for non‑interest‑bearing, auto‑callable notes linked to the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5). The notes may be automatically called if, on any annual observation date, the index closes at or above 101.5% of the initial level, paying face value plus the applicable call return.
If called, the scheduled call returns are 10.4% (Oct 28, 2026), 20.8% (Oct 28, 2027), 31.2% (Oct 30, 2028) and 41.6% (Oct 29, 2029). If not called, at maturity (expected Nov 4, 2030) each $1,000 pays: $1,000 plus 100% of any positive index return; otherwise $1,000.
The index is an excess‑return measure over the federal funds rate and applies a 0.65% per annum deduction, with volatility (5% limit) and momentum risk controls that can shift exposure into non‑interest‑bearing cash, which can reduce performance. The notes carry the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor). The estimated value at pricing is expected between $850 and $890 per $1,000. Expected trade date is Oct 28, 2025 and original issue date Oct 31, 2025.
Goldman Sachs (GS) filed a 424B2 for GS Finance Corp. Autocallable Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. These notes are linked to the Nasdaq‑100 Index (NDX) and the S&P 500 Index (SPX), pay no interest, and may be automatically called if, on the call observation date, the closing level of each index is at or above its initial level. If called, holders receive $1,100 per $1,000 face amount on the call payment date.
If not called, the maturity payment depends on the lesser performing index. With a 202% upside participation rate, if each final index level is above its initial level, the payout increases with the lesser performer. If any final index level is below its initial level but at or above its 90% buffer level, repayment is $1,000 per $1,000 face amount. If any final index level falls below its buffer level, principal is at risk, with losses matching the decline beyond the 10% buffer. Key dates: trade date November 4, 2025; original issue date November 7, 2025; call observation date November 4, 2026; call payment date November 12, 2026; determination date November 5, 2029; stated maturity date November 13, 2029.
GS Finance Corp. filed a preliminary prospectus supplement for auto-callable, buffered basket-linked notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and reference an equally weighted basket of eight large-cap stocks, each initially set at 12.5% of the basket and an initial basket level of 100.
The notes are automatically called if, on the call observation date (expected October 30, 2026), the basket is at or above its initial level, paying $1,162 per $1,000 on the call payment date (expected November 4, 2026). If not called, at maturity (expected October 21, 2027) investors receive: (i) $1,000 plus 125% of any positive basket return; (ii) $1,000 if the basket return is between 0% and -15%; or (iii) a reduced amount if the basket falls more than 15%, using a buffer rate of approximately 117.65% applied to losses beyond the 15% buffer.
The estimated value at pricing is expected between $900 and $930 per $1,000 face amount. Authorized denominations are $10,000 and integral multiples of $1,000. Declines in one stock may offset gains in others, and payments are subject to the credit risk of the issuer and guarantor.