GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, with an expected trade date of July 8, 2026 and a stated maturity date expected to be July 11, 2031. The notes pay monthly conditional coupons computed from a $11.667 monthly increment (1.1667% monthly) when the index closes at or above 62.5% of the initial underlier level on observation dates, and feature an automatic-call from July 2027 through June 2031 if the index closes at or above the initial underlier level on a call observation date. The underlier applies a daily 6.0% per annum decrement, targets 40% volatility through leverage up to 500%, and caps daily leverage changes at 100%. The prospectus discloses an estimated value range of $885 to $925 per $1,000 face amount on the trade date.
The issuer GS Finance Corp. is offering principal-protected contingent coupon notes linked to three ETFs: iShares Expanded Tech-Software, State Street Energy Select Sector, and VanEck Gold Miners. The notes have a $1,000 face amount per note, an expected trade date of July 17, 2026, and an expected stated maturity of July 24, 2029. Monthly coupon mechanics pay $13.334 per $1,000 (1.3334% monthly, potential ~16% per annum) only when each ETF’s closing level on an observation date is ≥ 60% of its initial level; otherwise the coupon for that payment is $0. The notes are subject to automatic early redemption if, on any call observation date, each ETF’s closing level is ≥ its initial level. At maturity, if any ETF’s final level is below 60% of its initial level, the cash settlement will be reduced pro rata based on the lowest ETF return (potentially substantially below principal). The estimated value on the trade date is between $925 and $955 per $1,000 face amount. Payments are obligations of the issuer and guaranteed by The Goldman Sachs Group, Inc., so holders are exposed to their credit risk.
GS Finance Corp. is offering autocallable contingent coupon equity-linked notes linked to the common stock of Freeport-McMoRan Inc. (Bloomberg: "FCX UN"). Each note has a $1,000 face amount, a trade date of July 10, 2026, original issue date July 15, 2026 and a stated maturity of July 29, 2027.
Quarterly coupons are contingent on the underlier closing at or above a coupon trigger level equal to 65% of the initial underlier level. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. A buffer protects losses only down to 65% of the initial level (buffer amount 35%); below that, the cash settlement at maturity is calculated using a buffer rate of approximately 153.85%, which can result in substantial or total loss of principal.
GS Finance Corp. is offering callable 10-year CMT rate-linked range accrual notes guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly interest based on the fraction of reference dates on which the 10-year CMT rate is ≤ the reference rate barrier, multiplied by an interest factor.
Key terms: interest factor 7.00%, reference rate barrier 5.00%, expected trade date July 10, 2026, original issue date July 15, 2026, stated maturity July 15, 2031. Estimated model value at pricing is between $914.5 and $964.5 per $1,000 face amount; original issue price is 100.00% of face amount. The issuer may redeem notes at 100% of face plus accrued interest on specified quarterly redemption dates beginning on or after July 15, 2027, and all payments are subject to the issuer’s and guarantor’s credit risk.
GS Finance Corp. is offering autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq-100 and Russell 2000 underliers. The notes pay no interest, may be automatically called on annual observation dates and provide a capped cash payoff at maturity based on the lesser performing underlier. Key terms include a trigger buffer level at 70% of initial levels, a stated maturity date of August 6, 2029, and a disclosed maturity date premium amount of at least 38.25%. The notes are subject to issuer and guarantor credit risk, limited liquidity, and tax uncertainties described in the supplement.
The offering describes Autocallable Market-Linked Step Up Notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the EURO STOXX® Banks Index. 511,000 units at $10 principal per unit were initially offered with pricing date July 2, 2026, settlement July 8, 2026 and maturity July 11, 2028.
The notes pay no periodic interest and may be automatically called on the Call Observation Date July 9, 2027 for a Call Payment of $12.00 per unit. If not called, redemption depends on the Ending Value versus the Starting Value: holders receive either a Step Up Payment of $4.00 (40.00%) or a return linked 1-to-1 to index performance, subject to a Threshold Value of 235.25 (78.50% of the Starting Value) below which full downside applies. All payments are subject to issuer and guarantor credit risk.
GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due July 13, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent quarterly coupons if the Broadcom Inc. closing level meets a 55% trigger and are automatically called if Broadcom's closing level equals or exceeds the initial level on any call observation date. Each note has a $1,000 face amount; at maturity the cash payment equals $1,000 if the final underlier level is at or above 55% of the initial level, otherwise the payoff equals $1,000 plus $1,000 times the underlier return, meaning investors can lose up to their full investment.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, non‑interest bearing structured notes linked to the common stock of Blackstone Inc. Each note has a $1,000 face amount and an initial index stock price of $123.42. The notes may be automatically called on scheduled observation dates beginning September 29, 2031, and mature on the stated maturity date expected to be July 11, 2034. If not called, maturity payoffs depend on the final index stock price versus thresholds: at or above 90% of the initial price you receive the capped maximum settlement of $2,360 per $1,000; between 60% and 90% you receive the face amount of $1,000; below 60% you receive $1,000 plus $1,000 times the index stock return, which can result in loss of principal. The estimated value on the trade date is expected to be between $850 and $890 per $1,000 face amount.
GS Finance Corp. offers autocal lable contingent coupon equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference Microsoft Corporation common stock (Bloomberg: MSFT UW) with an initial underlier level of $386.74 (closing July 6, 2026). Each $1,000 face amount may pay a contingent quarterly coupon of $28.625 (2.8625% quarterly; up to 11.45% per annum) when the underlier is at or above the 65% coupon trigger on observation dates. The notes are autocallable on scheduled call observation dates if the underlier closes at or above the initial level; maturity is July 12, 2029 with final settlement tied to the final underlier level and subject to the trigger buffer of 65%. Investors face credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential loss of principal (including any premium), limited upside (cash at maturity capped at 100% of face), uncertain tax treatment, and possible limited liquidity.
GS Finance Corp. is offering contingent monthly-coupon, principal-at-risk notes tied to the Nasdaq-100, Russell 2000 and S&P 500. The offering aggregates $16,022,000 of face amount and is fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $11.25 per $1,000 face amount (1.125% monthly, potential for up to 13.50% per annum) only if each underlier’s closing level on the coupon observation date is at or above its coupon trigger level of 70% of its initial level. If any underlier’s final level is below its trigger buffer level of 70%, principal repayment at the January 6, 2028 stated maturity will be reduced pro rata by the lesser performing underlier return; investors could lose their entire investment. The issuer may redeem the notes on coupon payment dates commencing in October 2026 through December 2027. Trade date is July 2, 2026 and original issue date is July 8, 2026.