Goldman Sachs is offering S&P 500 Index-linked notes due 2031, with repayment based on underlier performance and limited by a maximum settlement amount. Investors receive no interest payments and face the Credit risk of GS Finance Corp. and Goldman Sachs Group, while a zero or negative underlier return limits payment to face amount.

Key Highlights

  • GS Finance Corp.’s notes are guaranteed by The Goldman Sachs Group, Inc.
  • The securities pay no periodic interest and offer no rights in any underlier stock.
  • Secondary-market value may be reduced by commissions, dealer discounts and underwriting-related costs.

Goldman Sachs Group Inc. (NYSE: GS) is an Investment banks and Brokers company. GS Finance Corp. is offering S&P 500 Index-linked notes due 2031, with the payment at Maturity tied to the underlier’s performance from the trade date through the determination date.

S&P 500 Notes Set Terms Through 2031

The notes form part of GS Finance Corp.’s Medium-Term Notes, Series F programme and carry a full, unconditional guarantee from The Goldman Sachs Group, Inc. The return is positive when the final underlier level exceeds its initial level, subject to the maximum settlement amount. A final level equal to or below the initial level leaves the return limited to the face amount. The pricing supplement is dated September 23, 2026.

Investor Exposure Includes Credit and

Liquidity Risk Payment depends on the ability of GS Finance Corp. and Goldman Sachs Group Inc. to meet their obligations, leaving investors exposed to changes in perceptions of their creditworthiness. The notes are not bank deposits and carry no insurance from the Federal Deposit Insurance Corporation or another government agency. The securities do not pay interest, and their overall return may be below that of a comparable non-indexed Debt Security carrying the prevailing market rate.