Goldman Sachs Group Inc. has filed a preliminary pricing supplement for fixed-rate notes set to mature in 2038. This filing, dated November 3, 2026, is a strategic move aimed at raising capital in a competitive market.

The company is a prominent player in the financial services sector, classified under the SIC code 6211, which includes security brokers, dealers, and flotation companies. Goldman Sachs is listed on the New York Stock Exchange under the ticker symbol GS, along with several other related securities.

According to the filing, the new fixed-rate notes will feature an interest rate of 5.75% per annum, with interest payments scheduled annually on November 17, starting in 2027. The notes will not be listed on any securities exchange, which may affect their liquidity compared to other securities.

This development may impact various stakeholders, including investors looking for fixed-income opportunities and competitors in the financial services industry. The interest rate offered is competitive, potentially attracting a range of investors seeking stable returns in a fluctuating market.

What's next for Goldman Sachs is not specified in the filing. However, the company is expected to continue its efforts in capital raising and strategic positioning within the financial services landscape.

Key Terms of the Notes

The fixed-rate notes, issued by Goldman Sachs Group Inc., will have a principal amount set at 100% of the principal amount, with the specified currency being U.S. dollars ($). The notes will be issued in denominations of $1,000 and integral multiples of $1,000 in excess thereof.

The trade date for these notes is scheduled for November 13, 2026, and the original issue date will be November 17, 2026. The stated maturity date is set for November 17, 2038, aligning with the long-term investment strategy of the company.

Goldman Sachs will act as the calculation agent for these notes, and the CUSIP and ISIN identifiers are 38151VFR4 and US38151VFR42, respectively. This identification is crucial for investors looking to track their investments accurately.

Interest Payment Details

Interest payments will be made annually on the 17th day of November each year, commencing in 2027 and continuing until the stated maturity date. The regular record dates for interest payments will be the day immediately prior to the payment date, ensuring that holders of the notes are appropriately compensated for their investment.

The interest rate of 5.75% per annum is designed to attract a wide range of investors, particularly in a market where fixed-income securities are in demand. This competitive rate is expected to provide stable returns, appealing to both individual and institutional investors.

Regulatory and Risk Considerations

It is important to note that the notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. They are not obligations of, or guaranteed by, a bank, which introduces a level of risk for potential investors.

Furthermore, the filing emphasizes that neither the Securities and Exchange Commission (SEC) nor any other regulatory body has approved or disapproved of these securities, highlighting the importance of conducting thorough due diligence before investing.

The information in this preliminary pricing supplement is subject to change and does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such an offer or sale is not permitted.