GS Finance Corp. has filed a registration statement for $541,000 in autocallable contingent coupon equity-linked notes due 2029. This filing is significant as it reflects the company’s ongoing efforts to enhance its financial product offerings and attract investors.

Background

GS Finance Corp., classified under the SIC code 6211, operates in the security brokers, dealers, and flotation companies sector. As part of the Goldman Sachs Group, Inc., it plays a crucial role in the financial services industry. The company is incorporated in Delaware and has its business address at 200 West Street, New York, NY.

What the Filing Says

The recent SEC filing, dated November 4, 2026, details the issuance of notes that are guaranteed by The Goldman Sachs Group, Inc. The notes will mature on November 7, 2029, unless called earlier based on specific performance criteria related to the underlying stocks.

Impact

This issuance may affect investors looking for innovative financial products, particularly those interested in equity-linked notes. The move could also influence competitors in the securities industry, as firms may need to adapt their strategies to maintain competitiveness.

What's Next

The filing does not specify what happens next regarding the notes or any further actions required from investors.

Details of the Notes

The autocallable contingent coupon equity-linked notes will be issued with an original issue date of November 5, 2026, and an original issue price of 100% of the face amount. The underwriting discount for these notes is set at 1.5% of the face amount, resulting in net proceeds to the issuer of 98.5% of the face amount.

Performance Criteria

The performance of the notes is linked to the Class A common stock of Hims & Hers Health, Inc., the common stock of Super Micro Computer, Inc., and the common stock of Western Digital Corporation. The notes will be automatically called if the closing price of each index stock on any observation date is greater than or equal to its initial price, which is $25.24 for Hims & Hers Health, $30.44 for Super Micro Computer, and $338.59 for Western Digital.

Investment Risks

Investors should be aware of the credit risk associated with both GS Finance Corp. and The Goldman Sachs Group, Inc. The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. Additionally, the estimated value of the notes at the time of pricing is approximately $952 per $1,000 face amount, which is less than the original issue price.

Market Activity

Goldman Sachs & Co. LLC may use this prospectus in the initial sale of the notes and in market-making transactions thereafter. The price at which Goldman Sachs would buy or sell the notes will depend on various factors, including the then-current estimated value of the notes and market conditions.

Additional Information

The notes are part of the Medium-Term Notes, Series F program of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Investors are encouraged to read the full prospectus for a comprehensive understanding of the terms and risks involved.