GS Finance Corp. is offering $1,000 face‑amount denominated Leveraged Equity‑Linked Notes due August 12, 2027, linked to the common stock of Micron Technology, Inc. The notes pay no interest and return at maturity depends on the initial underlier level of $975.56, the final underlier level on the August 9, 2027 determination date, a 300% upside participation rate, a maximum settlement amount of $1,785 per $1,000 face amount and a 40% trigger buffer level. If the final underlier level is below the trigger buffer level, losses are proportional to the underlier decline and you could lose your entire investment. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and exposed to issuer and guarantor credit risk.
GS Finance Corp. is offering $ Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons (at least $0.225 per $10, up to 9.00% per annum) only if both the Russell 2000® and Nasdaq-100® close at or above their coupon barriers on each observation date. Beginning January 2027 the notes are subject to an automatic call if both indices equal or exceed their initial levels on any call observation date; a call pays the $10 face amount plus the contingent coupon then due. At maturity (July 15, 2031), if not called, principal repayment is contingent: if each index is at or above its downside threshold (70% coupon barrier; 60% downside threshold specified per index), holders receive $10 plus any final contingent coupon; if the lesser performing index is below its downside threshold, holders suffer a loss equal to the lesser performing index return and could lose a significant portion or all principal. The estimated model value on the trade date is between $9.55 and $9.85 per $10, while the original issue price is 100% of face. The notes are unsecured obligations of GS Finance Corp. and subject to issuer and guarantor credit risk.
GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on the call observation date and provide capped upside participation (200%) and a 15% downside buffer.
If automatically called, investors receive $1,092.50 per $1,000 face amount on the call payment date. If not called, payoff at maturity depends on final index performance: full principal if index ≥85% of initial level, enhanced return if index rises, and reduced principal (subject to the 15% buffer mechanics) if index falls below 85%.
GS Finance Corp. is offering autocallable EURO STOXX 50® index-linked notes due August 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, feature a 200% upside participation rate, an 85% buffer level and an automatic call that pays $1,142.50 per $1,000 face amount on the call payment date if the underlier closes at or above the initial level on the call observation date.
The cash settlement at maturity, if not called, depends on the final underlier level: upside participation if the index finishes above the initial level; return of principal if the final level is at or above the buffer (85%); and a downside payoff formula applying a 100% buffer rate and 15% buffer amount if the final level is below the buffer, which can result in a substantial loss of principal.
GS Finance Corp. offers leveraged buffered S&P 500® Futures Excess Return Index‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a cash settlement at maturity tied to the S&P 500 Futures Excess Return Index performance from the trade date to the determination date, with a 130% upside participation and a 20% buffer (buffer level 80% of initial). If the final underlier is at or above the initial level, holders receive face amount plus 130% of the underlier return. If the underlier declines up to 20%, the absolute decline is paid as a positive return; declines beyond the 20% buffer produce proportional losses to principal. Notes bear no interest, are cash‑settled per $1,000 face amount, and are subject to issuer/guarantor credit risk, market‑value volatility, roll/contango effects of futures, and tax uncertainties.
GS Finance Corp. is offering $1,000 face‑amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due August 9, 2032, guaranteed by The Goldman Sachs Group, Inc.. The notes can be automatically called on specified semi‑annual observation dates beginning August 2, 2027 if the index closes at or above its initial level; call payments equal principal plus a call premium. If not called, the maturity cash payment depends on the final index level relative to the initial index level and is capped (maturity premium amount disclosed as 54%). The index applies daily rebalancing, a 5% realized volatility control, a momentum risk control and a deduction of 0.65% per annum, and may allocate substantial exposure to hypothetical cash positions. Estimated value on the trade date is listed as $850 to $890 per $1,000 face amount (less than issue price). The notes do not pay interest and are subject to issuer/guarantor credit risk, limited secondary market liquidity and U.S. federal income tax rules for contingent payment debt instruments.
GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Fixed Percentage Buffered Downside (linked to the VanEck Gold Miners ETF) with a $1,000 face amount and a stated maturity date of August 3, 2029. The securities may be automatically called on specified call dates if the fund closing price of the underlier is >= 85.00% of the starting price. Call premiums are fixed (to be set on the pricing date) and will be at least 13.00%, 19.50%, 26.00%, 32.50% and 39.00% on successive call dates. If not called, holders have 1-to-1 downside exposure beyond a 15.00% buffer and may lose up to 85.00% of face amount. Estimated value at pricing is between $925 and $955 per $1,000 face amount; original offering price is $1,000 per security.
GS Finance Corp. is offering leveraged, buffered basket-linked notes due July 20, 2028 (trade date expected July 17, 2026). Each $1,000 face amount pays a cash settlement tied to a weighted basket (S&P 500 35%, Russell 2000 20%, EURO STOXX 50 15%, Nasdaq-100 15%, MSCI Emerging Markets 15%). The notes provide 200% upside participation in positive basket returns subject to a cap (cap level 113.5%; maximum settlement $1,270 per $1,000). A 10% buffer protects losses up to -10%; declines beyond -10% reduce principal dollar-for-dollar after adding back the 10% buffer. The notes pay no interest, are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk. The estimated value on the trade date is expected to be between $925 and $965 per $1,000 face amount.
GS Finance Corp. is offering $1,000 face-amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due August 8, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, participate 100% in positive index returns at maturity (subject to the upside participation rate), and feature annual automatic-call opportunities beginning on August 9, 2027 with increasing call levels and capped call premiums.
The notes reference the GSMBFC5 Index, which daily rebalances among up to nine underlying indices plus cash, applies a 5% realized volatility control and a 0.65% per annum deduction (accruing daily); a very significant portion of the index may be allocated to hypothetical cash positions, which earn zero on an excess-return basis before the deduction. The estimated per-note value on the trade date is $850 to $890 per $1,000 face amount.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style notes linked to an equally weighted 7‑stock basket. The notes have a call observation date of July 8, 2027 and a stated maturity of July 7, 2031. If the basket’s closing level on the call observation date is at or above the initial basket level (100), the notes will be automatically called and pay $1,150 per $1,000 face amount on the call payment date. If not called, the maturity payment depends on the basket return: investors receive upside at a 125% participation rate when the basket return is positive, receive the absolute basket return when the final level is down up to 40%, and suffer full downside below the 60% trigger buffer. The estimated value on the trade date was $938 per $1,000 face amount.