GS Finance Corp. is offering autocallable buffered notes linked to the State Street® SPDR® S&P® Metals & Mining ETF (XME) with aggregate face amount of $2,554,000 on original issue. The notes mature July 7, 2028, and may be automatically called July 15, 2027, for $1,178.4 per $1,000 face amount if the ETF closing level on the call observation date is >= the initial level of $105.13. If not called, maturity payment depends on ETF performance to the determination date (July 3, 2028): positive ETF return pays 150% of ETF gain; declines up to 25% return principal; declines beyond 25% expose investors to downside such that they lose approximately 1.333% of face amount per 1% decline below 75% of initial level. The notes do not pay interest, are unsecured obligations of GS Finance Corp., and are guaranteed by The Goldman Sachs Group, Inc. The estimated value at pricing was approximately $982 per $1,000 face amount, below issue price; underwriting discount was 1.5%.
GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due July 22, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% upside participation rate and are subject to annual automatic call provisions beginning in July 2027. GS&Co. estimates the notes' value at $850 to $880 per $1,000 face amount on the trade date; the original issue price exceeds that estimate. If not called, maturity payment depends on the index return (capped upside on call dates via scheduled call premiums and principal protection to the face amount at maturity).
GS Finance Corp. prices callable, buffered, monthly Russell 2000® Index-linked range accrual notes due July 31, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay monthly interest based on the proportion of scheduled trading days the Russell 2000® closing level is at or above 85% of the initial level; the applicable interest factor is 7.25%. The issuer may redeem the notes at par on any monthly interest payment date on or after July 31, 2027. At maturity the principal repayment is conditional: if the final index level is at least 85% of the initial level you receive $1,000, otherwise the cash settlement declines in proportion to the index return below the 85% buffer (the buffer amount is 15%). The estimated value on the trade date is expected to be between $886 and $936 per $1,000 face amount.
GS Finance Corp. offers autocallable buffered S&P 500® index-linked notes due July 7, 2028 (guaranteed by The Goldman Sachs Group, Inc.). For each $1,000 face amount, notes pay $1,100 if automatically called on the call observation date of July 15, 2027. If not called, maturity payoff on July 3, 2028 depends on S&P 500 performance versus the initial level of 7,483.24, with a 10% buffer and a capped threshold settlement amount of $1,200. Notes do not bear interest, are unsecured, and their estimated value at pricing was approximately $981 per $1,000 face amount. Original issue price is 100% with a 1.5% underwriting discount; net proceeds to issuer equal 98.5%. The offering is subject to issuer and guarantor credit risk and model-based valuation assumptions.
GS Finance Corp. is offering autocallable, VanEck Gold Miners ETF (GDX)-linked notes due July 13, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on July 28, 2027 if the underlier closes at or above its initial level, and provide a capped call payment of at least $1,269 per $1,000 face amount if called. If not called, the cash settlement at maturity depends on the final underlier level: investors receive upside participation of 125% for positive returns, full return of principal for final levels at or above an 80% buffer level, and a downside formula that can result in total loss if the final underlier level is sufficiently low. The notes are subject to the credit risk of GS Finance Corp. and its guarantor, have an original issue price equal to 100% of face amount, and carry an underwriting discount of 1.5%.
GS Finance Corp. offers structured notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500®, TLT, XLU and GLD with a stated maturity of July 8, 2030. The notes pay a monthly coupon of $9.625 per $1,000 if each underlier closes at or above 70% of its initial level on an observation date. If not redeemed, final payment depends on the lesser performing underlier: investors receive full principal if every final level is at least 60% of initial levels, no coupon if any final level is below 70%, and may suffer principal loss proportional to the lesser performing underlier if any final level is below 60%. The estimated value at pricing was approximately $980 per $1,000 face amount; original issue price is 100% of face amount. Terms include the issuer’s call right on coupon dates (Oct 2026–Jun 2030) and reliance on the calculation agent for adjustments, market disruption and successor-underlier determinations.
GS Finance Corp. offers contingent monthly-coupon, principal-at-risk notes backed by a Goldman Sachs guarantee. The pricing supplement covers an aggregate face amount of $4,624,000 of notes that pay a contingent monthly coupon of 1.0834% (potentially ~13.00% per annum) and that mature on July 6, 2029, subject to the issuer’s early redemption right commencing July 2027. The cash settlement at maturity is tied solely to the lesser performing underlier (the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index), with a 70% coupon trigger/trigger buffer level; if the final level of the lesser performing underlier is below that buffer, investors incur proportional principal loss (you could lose your entire investment).
GS Finance Corp. offers structured, dual‑underlier notes (backed by The Goldman Sachs Group, Inc.) linked to the VanEck Gold Miners ETF (GDX) and the State Street SPDR S&P Bank ETF (KBE). The notes mature on April 5, 2029 but include an automatic call feature commencing January 2027 through March 2029 if both underliers close at or above their initial levels ($78.43 for GDX; $68.62 for KBE). Coupons of $9.875 per $1,000 are paid on a coupon payment date only if each underlier’s closing level on the related coupon observation date is at least 70% of its initial level; otherwise no coupon is paid. At maturity, if not called, the cash settlement depends on the lesser performing underlier versus buffer thresholds (buffer = 80% of initial level; buffer amount = 20%), which can result in full principal, a partial principal payment, or a loss of principal. The pricing supplement states the estimated value on the trade date is approximately $944 per $1,000 face amount and the original issue price is 100% of face.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, market-linked, medium-term notes (GSCE) that pay a contingent monthly coupon and include an automatic call feature. Each $1,000 note may pay a monthly coupon of $11.25 if all three underliers meet 70% trigger levels on observation dates. If not automatically called, the cash settlement at maturity depends solely on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500) relative to its initial level; losses can be up to the full principal. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, tax uncertainty, and a 0.725% underwriting concession from the face amount.
GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER that mature on July 8, 2031. The notes pay monthly coupons only if the index on an observation date is at least 50% of the initial underlier level 503.48, may be automatically called beginning July 2027, and are subject to a daily 6.0% per annum decrement. The aggregate originally issued face amount was $328,000; the original issue price is 100% and the estimated value on the trade date was approximately $962 per $1,000 face amount.
The notes expose holders to leveraged futures-based performance, a rules-based volatility-target overlay (maximum exposure 500% and maximum daily leverage change 100%), issuer and guarantor credit risk, potential loss of principal at maturity if the final underlier level is below the trigger buffer (50%), and limited secondary-market liquidity.