Ericka Leslie, associated with The Goldman Sachs Group, Inc., filed to sell common stock under a Form 144. The planned sale covers 175 shares of common stock, par value $0.01 per share, with an aggregate market value of $179,735.50, to be sold on or after August 4, 2026 through Goldman Sachs & Co. LLC on the NYSE. The shares were acquired as Employee Compensation Awards. In the preceding three months, 250 shares were sold on July 15, 2026 for $285,000.00.
GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500® Index maturing in March 2029. The notes pay no interest and are unsecured senior obligations under the GSFC 2008 indenture.
At maturity, for each $1,000 face amount, investors receive cash based on index performance from the August 26, 2026 trade date to the February 26, 2029 determination date. If the final index level is above the initial level, the payoff equals $1,000 plus 200% of the index gain, capped at a maximum settlement amount expected between $1,250 and $1,260. If the final level is between the initial level and the 90% buffer level, principal is returned. Below the 90% buffer, investors lose 1% of principal for each 1% decline beyond the 10% buffer, with examples showing potential returns as low as 10%–33% of face.
Key risks include loss of a substantial portion of principal, lack of interest, capped upside, market value sensitivity to many factors, and full credit risk of the issuer and guarantor. Tax treatment is uncertain; the notes are expected to be treated as pre-paid derivative contracts for U.S. federal income tax purposes and are generally subject to FATCA rules.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers Autocallable Buffered S&P 500 Index-Linked Notes that pay no interest and are unsecured obligations. The notes may be automatically called after about 12–14 months if the S&P 500 closing level is at or above the initial level, paying between $1,084.8 and $1,099.5 per $1,000 face amount.
If not called, at a stated maturity about 24 months after the trade date, investors receive: (i) for a non‑negative index return, the greater of the threshold settlement amount$1,169.6 and $1,199 or full 100% upside participation; (ii) for declines up to 10%, return of the $1,000 face amount; and (iii) for declines beyond 10%, losses at about 111.11% of the drop below 90% of the initial level, up to a total loss of principal.
The estimated value on the trade date is expected between $945 and $975 per $1,000, below issue price, and secondary market prices may differ. Payments depend on the S&P 500 level only on the call observation and determination dates and are subject to the credit risk of GS Finance Corp. and the guarantor. U.S. tax treatment is intended as a pre‑paid derivative contract but remains uncertain.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due 2034 under its Medium-Term Notes, Series F program. Each note has a $1,000 face amount and pays no periodic interest.
The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which reallocates daily among equity, fixed income, commodity and cash-equivalent exposures, subject to a 5% volatility control and a 0.65% per annum deduction. The notes are automatically called if the index on an annual observation date is at or above an increasing call level, paying $1,000 plus a call premium (from 11.75% in 2027 up to 82.25% in 2033). If not called, at maturity in August 2034 investors receive $1,000 plus 100% of any positive index return; if the index is flat or lower, they receive only the $1,000 principal, subject to issuer and guarantor credit risk. The issuer’s estimated value on the trade date is $850–$890 per $1,000, below the issue price.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Autocallable Contingent Coupon Equity-Linked Notes due 2027 linked to the common stock of NVIDIA Corporation. Principal repayment and coupons depend on NVIDIA’s share performance, and investors are exposed to full loss of principal.
The notes pay a contingent monthly coupon of $10.042 per $1,000 (1.0042% monthly, up to about 12.05% per year) only if, on each observation date, NVIDIA’s closing level is at or above the coupon trigger level of 61% of the initial level. The same 61% level acts as a trigger buffer at maturity: if the final level is at or above this threshold, investors receive $1,000 per note; if below, repayment equals $1,000 plus $1,000 times the underlier return, leading to proportionate downside and potentially a total loss.
The notes are subject to an automatic call feature: if on any call observation date from February 16, 2027 through August 16, 2027 NVIDIA’s level is at or above the initial level, investors receive $1,000 per note plus the due coupon and the notes terminate early. The issue price exceeds the issuer’s internal estimated value, secondary market liquidity is uncertain, and investors bear the credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc. Tax treatment is uncertain; the issuer intends to treat the notes as income-bearing prepaid derivative contracts with coupon payments taxed as ordinary income.
The Goldman Sachs Group, Inc. reported strong results for the quarter ended June 30, 2026. Total net revenues were $20,338 million, up from $14,583 million a year earlier, driven by higher investment banking, investment management, commissions and fees, and market making. Net interest income rose to $3,954 million from $3,104 million. Pre-tax earnings increased to $8,563 million from $4,958 million, and net earnings grew to $6,628 million, with diluted EPS of $20.98 versus $10.91.
For the first six months of 2026, total net revenues were $37,565 million (vs. $29,645 million) and net earnings were $12,258 million (vs. $8,461 million). The provision for credit losses declined to $102 million for the quarter (from $384 million) and $417 million year-to-date (from $671 million), while operating expenses rose mainly due to higher compensation and transaction-based costs.
As of June 30, 2026, total assets were $2,127,711 million compared with $1,809,320 million at December 31, 2025, and deposits were $557,955 million. Shareholders’ equity was $122,742 million, with 291,171,408 common shares outstanding as of July 17, 2026. Financial instruments at fair value represent a large portion of the balance sheet, but level 3 financial assets were $20,839 million, about 1.0% of total assets, and level 3 financial liabilities were $44,740 million, about 2.2% of total liabilities. Operations are managed in Global Banking & Markets, Asset & Wealth Management and Platform Solutions, with the Apple Card program expected to transition to another issuer under a December 2025 agreement.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index, maturing August 10, 2028. Payment at maturity depends on the index performance from the August 5, 2026 trade date to the August 7, 2028 determination date.
If the final index level is at or above the initial level, investors receive $1,000 plus 125% of the index gain, capped at a maximum payout of $1,252 per $1,000 face amount. If the index declines by up to the 20% buffer (down to 80% of the initial level), investors gain the absolute value of the index return. Below the 80% buffer level, principal is exposed 1-for-1 and investors can lose a substantial portion of their investment.
The notes pay no interest, are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and will not be listed on an exchange. Market value can be affected by interest rates, volatility, credit spreads, and the futures-based index structure, including financing costs and potential negative roll yields.
GS Finance Corp. is offering Bear Market-Linked One Look Notes with a Dual Directional Buffer linked to the Nasdaq-100 Index®, guaranteed by The Goldman Sachs Group, Inc. Each note has a $10 principal amount, a term of approximately 15 months, and a minimum purchase of $100,000.
At maturity, if the index ending level is less than or equal to its starting level, investors receive a Digital Payment of 14.00%–16.00% over principal. If the index rises but stays at or below 120.00% of the starting value, the notes pay the same percentage increase as the index. Above that threshold, the notes provide 1-to-1 negative exposure to additional index gains, with a Minimum Redemption Amount of $2.00 per unit, so principal losses can be significant.
The public offering price is $10.00 per unit, including a $0.15 per unit underwriting discount, for net proceeds of $9.85 per unit. The initial estimated value is between $9.25 and $9.55 per $10 principal amount. The notes pay no coupons, are not FDIC insured, have limited expected liquidity, and all payments are subject to the credit risk of GS Finance Corp. and its guarantor.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering unsecured, non-interest-bearing structured notes linked to an equally weighted basket of five technology-related stocks: Advanced Micro Devices, Hewlett Packard Enterprise, Lam Research, Robinhood Markets (Class A), and ServiceNow. Each stock has a 20% weight and initial weighted value of 20, giving an initial basket level of 100.
The notes are expected to price on August 11, 2026, be issued on August 14, 2026, and mature on August 14, 2031, unless automatically called. Beginning August 11, 2027, the notes are automatically redeemed if the basket level on a call observation date is at least 90% of the initial basket level, paying $1,000 plus a fixed call premium (starting at 17% and rising to 80.75% on later dates) per $1,000 face amount.
If not called, maturity payoff per $1,000 equals: (1) if the basket return is zero or positive, $1,000 plus 100% upside participation; (2) if the basket return is negative but not below -50%, a full return of principal; (3) if the basket return is below -50%, principal is reduced one-for-one with the basket decline, exposing investors to up to 100% loss. The estimated value at pricing is $885–$935 per $1,000, below issue price, reflecting fees, hedging, and model assumptions.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Trigger Jump Securities, principal-at-risk notes linked to the common stock of GE Vernova Inc. The notes mature on March 3, 2028, with the final share price observed on February 29, 2028.
For each $1,000 note, if GE Vernova’s final share price is at or above the initial share price, investors receive $1,000 plus a fixed upside payment of at least $645.00 (at least 64.50%). If the final share price is below the initial but at or above the downside threshold of 65.00% of the initial share price, investors receive only the $1,000 principal. If the final share price is below the downside threshold, repayment is $1,000 multiplied by the share performance factor, producing a 1.00% loss of principal for each 1.00% decline in the stock; losses can reach 100%.
The securities pay no interest, provide no dividends or shareholder rights in GE Vernova, and cap upside at $1,000 plus the upside payment even if the stock more than doubles. They are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The original issue price includes underwriting discounts and other costs, so the estimated value at pricing is less than 100% of principal, and secondary market prices may be lower. The tax treatment is uncertain; the issuer intends to treat the notes as pre-paid derivative contracts for U.S. federal income tax purposes.