GS Finance Corp. offers $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash amount at maturity per $1,000 face amount linked to the S&P 500® Index performance from the trade date through the determination date.
Key terms include a buffer of 10% (buffer level 90%), a maximum settlement amount of $1,217 per $1,000 face amount, trade date July 9, 2026, original issue date July 14, 2026, determination date July 10, 2028 and stated maturity July 13, 2028. If the final index level is above the initial level you receive the underlier return up to the cap; if it falls but not beyond the buffer you receive the face amount; if it falls beyond the buffer you incur proportional losses.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected trade date of July 24, 2026, an expected original issue date of July 29, 2026, and an expected stated maturity date of July 27, 2029. The notes do not bear interest. If the final index level is ≥102% of the initial index level on the determination date, the cash settlement amount is capped at $1,337.50 per $1,000 face amount (a 33.75% maturity date return). If the final index level is less than 102%, holders receive $1,000 per $1,000 face amount. The notes include semi-annual automatic call observation dates beginning in July 2027 with specified call returns and are subject to index deductions of 0.65% per annum and potential allocation to non‑interest bearing cash positions. The estimated value at pricing is between $925 and $965 per $1,000 face amount. Credit risk, limited upside, indexing deductions, discretionary calculation-agent adjustments, illiquidity and hedging conflicts are disclosed risks.
GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due July 28, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. For each $1,000 face amount, the cash settlement equals the maximum settlement amount (at least $1,088) if the final underlier level is greater than or equal to the buffer level (90% of the initial level). If the final underlier level is below the buffer level, the investor loses approximately 1.1111% of face amount for every 1% decline below the buffer level and could lose the entire investment. The notes pay no interest, are subject to issuer and guarantor credit risk, and have limited upside because of the capped maximum settlement amount. Terms (including initial underlier level and aggregate face amount) will be set on the trade date; the prospectus and supplements govern risks, tax treatment, and distribution.
GS Finance Corp. is offering callable, contingent‑coupon notes linked to the VanEck Semiconductor ETF (SMH), guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, a contingent quarterly coupon of $54.375 (5.4375% quarterly; potential up to 21.75% per annum) payable only when the underlier closes at or above 80% of its initial level on observation dates. The notes include a 20% buffer (buffer level: 80%) that reduces downside according to the terms; at maturity the payout is capped at 100% of face and can be substantially less if the final underlier level falls below the buffer. The issuer may redeem the notes on coupon payment dates from February 2027 through February 2029. Trade date is July 31, 2026; original issue date is August 5, 2026; stated maturity is May 3, 2029. Pricing, estimated value, secondary market liquidity, tax treatment, and credit risk of GS Finance Corp. and its guarantor are disclosed in the supplement.
GS Finance Corp. offers contingent quarterly-coupon, auto-callable notes linked to the common stock of GE Vernova Inc. The offering has an aggregate face amount of $3,908,000 and $1,000 face amounts per note. Coupons are contingent on the underlier closing at or above a 65% trigger; notes automatically redeem early if the underlier equals or exceeds the initial level. At maturity, if not called, the cash payment depends on the underlier return and a 35% buffer; investors may lose their entire investment if the final underlier level is sufficiently low. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry underwriting discount and model-based pricing considerations described in the supplement.
GS Finance Corp. priced contingent monthly coupon notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $4,716,000. Each $1,000 note pays a contingent monthly coupon tied to three indices (Nasdaq-100, Russell 2000, S&P 500). If not called early, final cash at maturity depends solely on the lesser performing underlier, with full principal preserved only if that underlier is at or above 70% (trigger buffer) of its initial level; otherwise the cash settlement equals $1,000 multiplied by the lesser performing underlier return. The notes may be automatically called quarterly if all underliers are at or above their initial levels; coupons pay only when all underliers meet 80% coupon triggers on observation dates. Trade date is July 2, 2026, original issue date July 8, 2026, and stated maturity is July 7, 2028. The notes are subject to issuer and guarantor credit risk and may pay no coupon and lose substantial principal.
GS Finance Corp. is offering structured notes linked to the S&P 500® Index, the Russell 2000® Index and the iShares® MSCI Emerging Markets ETF. The notes have a face amount of $1,000 per note, aggregate initial face amount of $5,645,000, trade date July 2, 2026 and stated maturity April 6, 2027.
The notes pay conditional monthly coupons of $9.792 per $1,000 (0.9792% monthly; potential ~11.75% per annum) only if each underlier’s closing level on an observation date is ≥77.5% of its initial level. If not redeemed, the maturity cash payment depends on the lesser performing underlier and provides a 22.5% buffer; losses beyond the buffer are passed to holders subject to a buffer rate (~129.03%). The estimated value at pricing was approximately $980 per $1,000 face amount, below the issue price of 100%.
GS Finance Corp. is offering $4,946,000 aggregate face amount of medium-term notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are cash-settled and linked to the S&P 500® Index with an upside participation rate of 187.74%, a buffer level of 90% (buffer amount 10%) and an automatic call feature.
If the closing level of the underlier on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay $1,100 per $1,000 face amount on the call payment date. If not called, payoff at maturity depends on the final underlier level: investors may receive enhanced upside (participation rate applied to positive return), receive principal back if the final level is at or above the buffer level, or suffer losses that can amount to the entire investment if the final level is below the buffer level. The notes pay no interest and are subject to issuer and guarantor credit risk.
GS Finance Corp. offers principal‑linked, autocallable notes due July 7, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of seven stocks with an initial basket level of 100 and an upside participation rate of 125%. If the closing level of the basket on the call observation date (July 15, 2027) is ≥ the initial basket level, the notes are automatically called and pay $1,237 per $1,000 face amount. If not called, the cash settlement at maturity (July 7, 2028) depends on the final basket level: positive basket return pays $1,000 + $1,000 × 125% × basket return; returns between 0% and -15% pay $1,000; returns below -15% produce a reduced payment computed using a buffer rate (~117.65%), which can result in losses to principal. The original issue price is 100% with a selling concession/underwriting discount of 1.5% and net proceeds of 98.5%. The estimated value on the trade date is approximately $945 per $1,000 face amount. The notes do not pay interest, are unsecured obligations, and are subject to issuer and guarantor credit risk.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non-interest-bearing notes linked to an equally weighted 8-stock basket with an original issue date of July 7, 2026. The notes mature on July 7, 2028 but will be automatically called if the basket closing level on the call observation date (July 15, 2027) is greater than or equal to the initial basket level, in which case each $1,000 face amount pays $1,240 on the call payment date (July 20, 2027).
At maturity, payment per $1,000 depends on the basket return: full participation (100%) in positive returns; return of $1,000 if the final basket level is between 85% and 100% of the initial level; and downside exposure below the 85% buffer with a buffer rate of ~117.65%, which can produce substantial principal loss. The estimated value on the trade date is approximately $947 per $1,000 face amount. The offering includes an underwriting discount of 1.5% and net proceeds of 98.5% of face amount.