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.
GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is issuing medium‑term structured notes linked to the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index with an aggregate face amount of $2,838,000. The notes pay a contingent monthly coupon of $9.167 per $1,000 (0.9167% monthly, up to ~11% per annum) only if on each observation date all three indices are at or above 70% of their initial levels.
The notes are subject to an automatic call: if on any call observation date all indices are at or above their initial levels, investors receive $1,000 per note plus the coupon and the notes terminate early. If never called, at maturity investors receive $1,000 per note only if every index is at or above 60% of its initial level; otherwise the payoff is reduced one‑for‑one with the worst index’s loss, based on the “lesser performing underlier,” and principal can be fully lost.
The original issue price is 100% of face with a 1% underwriting discount (net proceeds 99%). The notes bear the credit risk of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. They are unsecured, not FDIC‑insured, not listed on any exchange, and their market value may differ from the issue price due to GS&Co.’s pricing models, market factors and liquidity.
Goldman Sachs Group, Inc. (GS), via GS Finance Corp., is offering S&P 500® Index-linked Medium-Term Notes, Series F, fully and unconditionally guaranteed by Goldman Sachs. The aggregate face amount is $845,000, sold at 100% of face with a structuring fee of up to 0.45% embedded in the economics.
The notes pay no interest and mature on October 28, 2027. For each $1,000 note, if the S&P 500 final level is at or above the initial level, investors receive a capped maximum of $1,067.50. If the index is below the initial level but at or above the 75% buffer level, investors receive $1,000 plus the absolute underlier return. Below the 75% buffer, principal is reduced 1% for each 1% decline beyond the 25% buffer, with potential for substantial loss of principal.
The notes do not provide dividends or shareholder rights in S&P 500 stocks and are subject to the credit risk of GS Finance Corp. and Goldman Sachs. They are intended to be treated for U.S. tax purposes as contingent payment debt instruments, with a comparable yield of 4.7908% and projected maturity payment of $1,061.87 per $1,000, requiring annual ordinary income inclusion even though cash is only paid at maturity.
GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Goldman Sachs (GS) provides an index supplement describing the Dow Jones Industrial Average Futures Excess Return Index (Bloomberg: DJIAFP), which tracks the performance of the nearest maturing quarterly E-mini Dow ($5) futures contract on the Chicago Mercantile Exchange. The index, calculated and published by S&P Dow Jones Indices, has a base value of 100 on June 14, 2002 and is quoted in USD.
The supplement presents historical performance through July 1, 2026. For the most recent year, the index shows an annualized return of 14.21% with 12.38% annualized volatility; over five years, the annualized return is 6.20% with 14.86% volatility. Since January 4, 2021, the annualized return is 8.42% with 14.65% volatility. Comparative data indicate that over the same periods the index has delivered lower annualized returns than both the Dow Jones Industrial Average and the S&P 500 Index.
The document highlights multiple risk considerations for securities linked to this index, including credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the possibility that market value may not track index moves, lack of dividends and shareholder rights, structural differences between equity futures and the underlying equity index, and the potential drag from negative roll yields on futures over time. The securities are unsecured obligations, not bank deposits, and are not insured or guaranteed by any governmental agency.
Goldman Sachs Finance Corp. is offering securities whose performance is linked to the Nasdaq-100 Technology Sector Index (NDXT), an equal-weight, price-return index of Nasdaq-100 companies classified as Technology under the Industry Classification Benchmark. The index launched on February 22, 2006 with a base value of 1000.00 and is calculated in USD by Nasdaq, Inc.
For the period ended July 1, 2026, the index showed annualized returns of 54.23% over 1 year, 30.34% over 3 years, 15.67% over 5 years and 17.19% since January 4, 2021, with annualized volatility around the high 20%–30% range. Over the same horizons, these returns exceeded those of both the Nasdaq-100 Index and the S&P 500 Index.
The securities entail multiple risks: exposure to GS Finance Corp. and The Goldman Sachs Group, Inc. credit risk, tech-sector and foreign market concentration, index sponsor discretion, lack of dividends and shareholder rights, and potential divergence between index moves and security market value. They are not bank deposits and are not FDIC insured.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers medium-term notes and warrants linked to the S&P 500® Daily Risk Control 5% USD Excess Return Index, an excess-return version of the S&P 500® Daily Risk Control 5% USD Total Return Index.
The Excess Return index reflects a hypothetical leveraged or deleveraged exposure to the S&P 500® Total Return Index, targeting 5% volatility. Leverage above 100% and cash positions below 100% accrue borrowing or lending at SOFR plus 0.02963%. Any increase in the Risk Control index is offset by this funding rate at the Excess Return index level.
The supplement highlights limited post-LIBOR history and discloses that, for the period ended July 1, 2026, the Excess Return index produced annualized returns of 4.72% (1 year), 3.53% (3 years), 2.49% (5 years) and 3.26% since January 4, 2021, with volatility near the 5% target. It also compares these results to higher returns from the S&P 500® Index and S&P 500® Total Return Index.
Extensive risk factors note credit risk to GS Finance Corp. and The Goldman Sachs Group, Inc., sensitivity to market and volatility dynamics, borrowing costs, the shift from LIBOR to SOFR, and that the “risk control” label does not assure outperformance or positive returns.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable contingent interest notes with an aggregate face amount of $2,574,000 linked to the VanEck Gold Miners ETF and VanEck Semiconductor ETF. The notes pay a contingent monthly coupon of $19.917 per $1,000 face amount (about 1.9917% monthly, up to roughly 23.9% per year) only if on each observation date both ETFs are at or above 75% of their respective initial levels of $75.02 (GDX) and $580.17 (SMH). The notes can be automatically called from January 2027 through March 2029 if on a call observation date both ETFs are at or above their initial levels, in which case holders receive $1,000 per note plus the applicable coupon. At maturity on April 26, 2029, if not called, principal repayment depends solely on the lesser performing ETF: full principal is protected only down to a 20% decline (final level at least 80% of initial). Between 80% and 75%, investors incur a partial loss; below 75% of initial, losses increase one-for-one beyond a 20% buffer and no final coupon is paid. The estimated value is approximately $947 per $1,000 note, versus a 100% issue price, reflecting fees and hedging costs.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is issuing index-linked notes tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes price at 100% of face with a face amount of $1,295,000 and an estimated value of about $953 per $1,000 at trade.
The notes pay of $14.167 per $1,000 (1.4167% monthly, up to ~17% per year) whenever the index is at least 70% of the initial level of 484.74 on an observation date; otherwise no coupon is paid. They may be automatically called from July 2027 to June 2032 if the index is at or above the initial level, returning principal plus the due coupon.
At maturity on July 28, 2032, if not called, principal is protected only down to a 60% trigger buffer. If the final index level is below 60% of the initial level, repayment is reduced 1-for-1 with index losses and investors can lose their entire investment. The underlier itself is highly complex: it targets 40% volatility using leverage up to 500%, caps daily leverage changes at 100%, can be significantly uninvested, and applies a 6% per annum daily decrement, which systematically drags performance versus a similar index without this fee-like deduction.
GS Finance Corp. describes a set of S&P 500® Futures Adaptive Response Indices that will underlie future Series F medium-term notes fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes’ payments will be linked to one of six rules-based indices that adjust exposure daily to the S&P 500® Futures Excess Return Index using leverage and volatility targeting.
The indices target 35% or 40% volatility, with maximum leverage of 450% or 500% and a cap of 100% on the daily change in leverage. They may be significantly uninvested in the futures index on some days, so only part of any market gains may be captured while uninvested portions earn no return. Four “Decrement Indices” apply a fixed annual decrement of 4% or 6%, deducted daily even when not fully invested, which systematically drags performance and causes them to trail otherwise identical non-decrement versions.
The methodology relies on four calendar- and pattern-based signals, including mean reversion and Federal Open Market Committee schedule effects, plus a volatility-control overlay based on “Realized Volatility.” The supplement highlights extensive risks: leverage can magnify losses (for example, a 1% futures decline could translate into a 4.5%–5% index drop), caps on leverage changes may hurt performance in both rallies and drawdowns, assumptions behind the signals may fail, negative roll yield in futures can erode returns over time, and the indices’ limited live histories (launch dates in December 2024 and July 2026) mean investors must rely heavily on back-tested data.
Goldman Sachs, through GS Finance Corp., describes the S&P 500® Futures Volatility Plus Daily Risk Control Index, which provides 100%–200% leveraged exposure to the S&P 500® Futures Excess Return Index using a dynamic volatility target. The index has a base date of February 4, 1998 and a base value of 100 and is calculated by S&P Dow Jones Indices LLC.
The index was launched on April 25, 2022 and much of the data shown before that date is hypothetical and obtained from the index sponsor’s website. As of July 1, 2026, annualized return was 26.59% (1-year) and 16.24% since January 4, 2021, with annualized volatility of 22.47% and 26.64%, respectively. On July 1, 2026, exposure to the S&P 500® Futures Excess Return Index was 169.35%.
The supplement highlights that securities linked to this index are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., rely heavily on hypothetical back-tested performance, use futures (with potential negative roll yields), and embed leveraged and risk-control mechanics that may cause index performance to differ significantly from the S&P 500® Index and related futures benchmarks.