GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will be automatically called on the call observation date if the underlier closes at or above the initial level, in which case holders receive $1,152.50 per $1,000 face amount on the call payment date. If not called, payment at maturity depends on the S&P 500 closing level on the determination date with a 20% buffer (buffer level = 80% of initial level) and full upside participation at 100%. The notes do not bear interest, expose investors to issuer and guarantor credit risk, may trade at prices below issue, and could result in a substantial loss of principal if the final underlier level is below the buffer.
GS Finance Corp. is offering leveraged, buffered EURO STOXX 50® index-linked notes due July 15, 2031 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the cash payment at maturity depends on the EURO STOXX 50® performance from the trade date to the determination date.
Key economic terms shown include an upside participation rate of 178%, a buffer level of 80% (20% buffer amount) and a buffer rate of 100%. If the final index level exceeds the initial level, investors receive $1,000 plus participation in upside. If the final level is between the initial level and the buffer level, investors receive the $1,000 face amount. If the final level is below the buffer level, investors incur losses pro rata and could lose a substantial portion of principal. The notes are structured, not interest-bearing, subject to issuer and guarantor credit risk, and may have limited secondary-market liquidity.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term, non‑interest bearing structured notes priced July 6, 2026 that mature on July 10, 2031. The cash payoff at maturity is linked to the S&P 500® Futures Excess Return Index and depends on the underlier return versus an initial level of 604.17.
If the final underlier level is at or above the initial level, holders receive the face amount plus 186% upside participation of the underlier gain. If the final level is below the initial level but not below the buffer level (80% of initial), holders receive the face amount plus the absolute value of the underlier decline. If the final level is below the buffer level, holders suffer a loss tied to the extent of the decline and could lose a substantial portion of principal. The notes were issued at 100% of face with a 1.125% underwriting discount and aggregate face amount shown as $487,000.
GS Finance Corp. priced market‑linked, auto‑callable notes linked to Applied Optoelectronics, Inc. (AAOI). Each note has a $1,000 face amount, pays a fixed quarterly coupon of $51.75 (20.70% per annum) and matures July 9, 2029, subject to automatic redemption on quarterly call dates beginning October 2026.
If a call occurs, holders receive face amount plus final coupon. If not called, maturity payment depends on the ending stock closing price vs. a downside threshold equal to 50% of the starting price. The starting price is $123.36; the downside threshold equals 50% of that level. Estimated value at pricing was approximately $939 per $1,000 face amount. Payments are unsecured and subject to issuer and guarantor credit risk; securities have no listing and are designed to be held to maturity.
GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due July 25, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and a cash payment at maturity tied to the performance of the GSMBFC5 Index from the trade date (July 22, 2026) to the determination date (July 22, 2031). If the final index level exceeds the initial level, holders receive $1,000 + $1,000 × 740% × index return; otherwise, holders receive the face amount. The index uses daily rebalancing, a 5% realized volatility control, momentum risk controls and a deduction of 0.65% per annum (accruing daily); allocations to hypothetical cash positions may materially reduce index performance. These notes do not pay interest and are subject to issuer and guarantor credit risk.
GS Finance Corp. is offering callable contingent coupon underlier-linked notes due July 26, 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10 per $1,000 (a 1% monthly coupon) only if each underlier meets a coupon trigger level equal to 60% of its initial level on the related observation date.
Payoff at maturity (if not earlier redeemed) depends solely on the performance of the lesser performing underlier on the determination date: if that underlier is below its trigger buffer level (also 60% of initial), the cash settlement equals $1,000 plus $1,000×(lesser performing underlier return), exposing holders to potentially a total loss of principal. The issuer may redeem the notes on each coupon payment date commencing July 2027 through June 2029.
GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $6.667 per $1,000 (0.6667% monthly, ~8.00% per annum potential) when each underlier is at or above a 70% coupon trigger level. The notes are linked to the Dow Jones Industrial Average, the Nasdaq‑100 and the Russell 2000. If not called, maturity cash settlement for each $1,000 depends on the lesser performing underlier’s return, subject to a 70% trigger buffer level; a final underlier level below that buffer can produce substantial principal loss, up to a complete loss of principal.
GS Finance Corp. offers indexed, automatically callable notes (guaranteed by The Goldman Sachs Group, Inc.). The pricing supplement describes notes with an aggregate face amount of $3,938,000, a $1,000 face amount per note, an upside participation rate of 100% and a series of annual automatic call observation dates beginning July 6, 2027. Payments depend on the performance of the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index), which applies volatility and momentum controls and a 0.65% per annum deduction. The supplement discloses an estimated value of $897 per $1,000 face amount on the trade date and an underwriting discount of 4.375%. Tax treatment: the notes will be treated as contingent payment debt instruments for U.S. federal income tax purposes.
GS Finance Corp. offers capped monthly-coupon, automatically callable medium-term notes tied to five large-cap stocks. The prospectus supplement describes notes with an aggregate face amount of $500,000 (subject to increase), a stated maturity of July 11, 2029, and automatic call opportunities commencing January 2027. Coupons of $8.292 per $1,000 (0.8292% monthly, ~9.95% p.a. maximum) are payable on each coupon payment date only if the closing price of each index stock is at least 70% of its initial price; otherwise the coupon is $0. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and have an estimated value at pricing of approximately $967 per $1,000 (original issue price = 100%).
GS Finance Corp. is offering $1,000 face‑amount autocallable underlier‑linked notes due July 31, 2031, guaranteed by The Goldman Sachs Group, Inc.. Payments are cash‑settled and depend on the performance of three underliers: the Russell 2000, the EURO STOXX 50 and the State Street Utilities Select Sector SPDR ETF (XLU). The notes bear no interest and include quarterly automatic call opportunities beginning July 28, 2027; each automatic call pays principal plus a specified call premium. If the notes are not called, the maturity payment is based solely on the lesser performing underlier with a trigger buffer at 70% and a capped maturity premium of 77.75%. Investors may lose up to their entire investment if the lesser performing underlier falls below its trigger buffer, and secondary market liquidity and valuations may be limited.