GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest bearing structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER. The notes have an expected trade date of July 10, 2026, an original issue date expected to be July 17, 2026, and a stated maturity date expected to be July 17, 2031. The index applies leverage (up to 500%), a daily 4.0% per annum decrement, volatility‑targeting rules and calendar/price signals. Notes are automatically called if the closing level of the underlier on any call observation date is greater than or equal to the initial underlier level; call observation dates begin in July 2027 and carry specified call premium amounts. If not called, the maximum maturity payment is $1,910.02 per $1,000 face amount; full principal may be lost if the final underlier level declines by more than 50% of the initial underlier level. The estimated value at pricing is stated as between $885 and $925 per $1,000 face amount.
GS Finance Corp. offers leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, maturing in 2029 and guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note returns 165% of upside if the final underlier level is above the initial level; if the final level falls up to 10% (to 90% of initial) you receive the $1,000 face amount; declines beyond the 10% buffer produce proportional losses, with potential for substantial principal loss. Trade date is July 31, 2026 and stated maturity is August 3, 2029. The notes pay no interest and are subject to issuer and guarantor credit risk.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent, auto-callable notes linked to Coinbase Global, Inc. Class A common stock. The notes pay a contingent monthly coupon of $24.167 per $1,000 (2.4167% monthly, ~29% annualized) when the underlier is >= 50% of the initial level on observation dates. The notes are automatically called if Coinbase's closing level on a call observation date is >= the initial level of $146.19. At maturity, if not called, principal is paid in cash and depends on final underlier performance; a final underlier below 50% can result in a substantial or total loss of principal.
GS Finance Corp. is offering $1,000 face‑amount autocallable contingent coupon equity‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly; up to 9.00% per annum) if each underlier is at or above a coupon trigger level on the coupon observation date. Coupons are payable only when the common stocks of Amazon, Microsoft and NVIDIA each close at or above 80% of their initial levels on the applicable observation dates. The notes may be automatically called early if, on any call observation date, each underlier closes at or above its initial underlier level; if called, holders receive $1,000 per $1,000 face amount plus any coupon then due. The trade date is July 8, 2026 and the stated maturity is July 11, 2031. GS&Co. serves as calculation agent and market‑maker; the pricing models estimate the notes' value on the trade date at $885 to $925 per $1,000 face amount, which is below the original issue price, reflecting underwriting discounts and fees.
GS Finance Corp. offers structured, non‑interest notes linked to an equally weighted 8‑stock basket. For each $1,000 face amount, holders receive at maturity either (i) $1,000 plus 150% of the basket return up to a maximum settlement amount of at least $1,512.50, (ii) $1,000 if the final basket level is down by no more than 15%, or (iii) a reduced cash amount if the final basket level is more than 15% below the initial level.
The notes do not bear interest, are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc. The expected trade date is July 16, 2026, the original issue date is expected to be July 21, 2026, and the determination and stated maturity dates are expected to be in July 2028. Estimated initial model value is shown as $925–$955 per $1,000 face amount.
GS Finance Corp. is offering $55,000,000 of Trigger Autocallable Contingent Yield Notes due December 29, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.25 per $10 face amount (up to 10.00% per annum) only if both the S&P 500® and Nasdaq-100® close at or above their coupon barriers on observation dates. The notes are automatically called beginning December 2026 if both indices close at or above their initial index levels, in which case holders receive face amount plus the contingent coupon then due. At maturity, if not called and each index is at or above its downside threshold (60.00% of its initial level), holders receive the face amount; if the lesser performing index is below its downside threshold, holders suffer a loss equal to the lesser performing index return and may lose a substantial portion or all of principal. Key indexed levels: S&P 500 initial 7,365.46; Nasdaq-100 initial 29,347.27. Payments are subject to issuer and guarantor credit risk; investors may not receive any contingent coupons.
GS Finance Corp. and Goldman Sachs & Co. LLC issued a pricing supplement addendum correcting the projected payment schedule and comparable-yield tax accrual table for $574,000 principal amount of notes originally offered May 29, 2026. The issuer states a comparable yield of 5.05% per annum, compounded semi-annually, and a projected payment at maturity of $1,314.47 per $1,000 invested. The addendum replaces two paragraphs in the supplemental U.S. federal income tax discussion and supplies a corrected accrual table showing annual deemed interest per $1,000 note (example rows: $29.70 for 6/3/2026–12/31/2026; $316.45 cumulative as of 12/31/2031; and $408.97 cumulative as of 6/3/2033).
Holders are instructed to use the issuer‑provided comparable yield and projected payment schedule to determine annual interest accruals unless they timely disclose and justify a different schedule on their U.S. federal income tax return. The addendum cross‑references the underlying pricing supplement, index supplements, prospectus supplement and prospectus for full terms and risks.
GS Finance Corp. offers leveraged, index-linked notes due 2030 guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Futures Excess Return Index and pay at maturity based on the underlier return. The notes do not pay interest and the upside participation rate is 212.5%. If the final underlier level exceeds the initial level, investors receive face amount plus the upside participation times the underlier return; if the final underlier level is equal to or below the initial level, investors receive face amount adjusted by the underlier return and may lose up to the full investment. Key dates include a trade date of July 31, 2026, original issue date of August 5, 2026, determination date of July 31, 2030 and stated maturity of August 5, 2030. The notes are subject to issuer and guarantor credit risk, limited secondary market liquidity, valuation spreads, negative roll/contango effects of futures, and uncertain U.S. federal income tax treatment.
GS Finance Corp. is offering S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and does not pay interest. The trade date is July 31, 2026 and the stated maturity is August 5, 2031. If the final underlier level exceeds the initial level, holders receive the face amount plus the underlier return multiplied by an upside participation rate of 198.35%. If the final level is between the initial level and the trigger buffer level (equal to 50% of the initial level), holders receive the face amount. If the final level is below the trigger buffer level, holders suffer losses equal to the underlier return times $1,000 and could lose their entire investment. The underlier is the S&P 500® Futures Excess Return Index (E‑mini futures exposure), which reflects futures roll and financing effects and may diverge from the S&P 500® Index. Notes are subject to issuer and guarantor credit risk, potential lack of an active secondary market, market disruption adjustments, uncertain U.S. tax treatment, and negative roll yields that can erode returns over time.
Goldman Sachs Group Inc. executive Leslie Ericka T, the Chief Administrative Officer, filed an initial ownership report showing her equity stake in the company. She reports direct ownership of 11,985 shares of common stock and indirect exposure to 40 shares held in family trusts, for which she disclaims beneficial ownership.
She also holds 4,366 Restricted Stock Units granted in January 2026, tied to Goldman Sachs common stock. These RSUs are fully vested and are scheduled to convert into shares between January 2027 and January 2029, with the delivered shares generally restricted from sale until dates ranging from January 2028 to January 2030. Certain existing shares also cannot be sold or transferred before January 2027, indicating multi‑year holding and transfer restrictions on a meaningful portion of her equity compensation.