Every 424B that Goldman Sachs Group Inc. (GS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow GS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GS filings page.
Goldman Sachs is offering notes linked to the BlackRock® Dynamic Factor Index, which measures whether a mix of equity ETFs, fixed income ETFs and a cash constituent outperforms the sum of the return on SOFR plus 0.26161% and an additional 0.65% per annum fee (accruing daily). The index reallocates among equity, fixed income and cash to target no more than 5% volatility and has in the recent past allocated up to 85.5% to its cash constituent. The index discontinued use of 3-month USD LIBOR on December 28, 2021, so post-LIBOR historical performance using SOFR is limited.
The Goldman Sachs Group, Inc. offers callable fixed rate notes due 2038. The notes bear interest at 5.40% per annum from and including the expected original issue date of April 30, 2026 to but excluding the expected stated maturity date of April 30, 2038, with interest payable annually on or about April 30 (first payment expected April 30, 2027). The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates on or after April 30, 2028 with at least five business days’ notice at a redemption price equal to 100% of principal plus accrued interest. Settlement is expected in New York through DTC on April 30, 2026. The notes will be issued in book-entry form (DTC master global note), are not FDIC insured, and will generally be subject to FATCA withholding.
GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their cash payment at maturity for each $1,000 face amount depends on the S&P 500 performance from the trade date to the determination date, with a 125% upside participation rate, a maximum upside settlement amount of at least $1,182, and a 10% buffer (90% buffer level). Trade date is April 30, 2026, original issue date is May 5, 2026, determination date is November 1, 2027, and stated maturity is November 4, 2027. The notes are part of the Medium-Term Notes, Series F program and are senior unsecured obligations of the issuer, subject to issuer and guarantor credit risk.
GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due April 20, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note may pay contingent monthly coupons and is subject to automatic quarterly calls if all three underliers equal or exceed their initial levels on observation dates. If not called, maturity payment depends on the lesser performing underlier, with a 60% trigger buffer; investors could lose their entire investment if that underlier falls below the buffer.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.25% per annum. The notes are expected to be issued on April 30, 2026 and have an expected stated maturity of April 16, 2036. Interest is payable annually on each expected interest payment date (expected April 30), with the first payment expected on April 30, 2027. The notes are callable at the issuer’s option in whole, not in part, on expected quarterly redemption dates beginning on or after October 30, 2027, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form as a master global note registered in the name of DTC. Pricing, underwriting discounts, initial price-to-public variations for certain accounts, FATCA withholding, and distribution limitations by jurisdiction are described in the pricing supplement and accompanying prospectuses.
GS Finance Corp. is offering leveraged buffered 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 links to the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP Index). The notes pay no interest and provide upside participation of 190.3% with a 20% buffer (buffer level = 80% of the initial underlier level). At maturity the cash payment per $1,000 face amount equals either (1) $1,000 + ($1,000 × 190.3% × underlier return) if the final underlier level is greater than the initial level, (2) $1,000 if the final level is at or above the buffer level, or (3) $1,000 + ($1,000 × 100% × (underlier return + 20%)) if the final level is below the buffer level, which can result in a substantial principal loss. Trade date is April 21, 2026, original issue date April 24, 2026, determination date April 21, 2031, and stated maturity date April 24, 2031. The notes are cash‑settled, not interest bearing, subject to issuer/guarantor credit risk, potential negative roll/financing effects of the futures‑linked underlier, uncertain U.S. tax treatment, and limited secondary market liquidity.
GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes trade on April 17, 2026 with an original issue date of April 22, 2026 and a stated maturity of April 20, 2028. Coupons are contingent monthly payments that pay only if each underlier meets its coupon trigger level (80% of initial level) on each coupon observation date. The coupon accrual formula uses $9.792 times the number of observation dates, less prior coupons.
The notes are automatically called on quarterly call dates if every underlier is at or above its initial level, in which case holders receive principal plus any coupon due. If not called, the cash settlement at maturity depends solely on the lesser performing underlier (Nasdaq‑100, Russell 2000 and S&P 500); a final level below the 70% trigger buffer can produce large principal losses, including a total loss of principal.
GS Finance Corp. and Goldman Sachs & Co. LLC are offering notes linked to the BlackRock® Dynamic Factor Index. The index combines an equity ETF basket (up to five ETFs), a fixed income ETF basket (up to three ETFs) and a cash constituent and measures their performance net of a notional interest rate (SOFR + 0.26161%) less an index fee of 0.65% per annum (accruing daily). Allocations among equities, fixed income and cash are determined daily by volatility-control rules that target 5% volatility. The index has historically allocated a large share to cash (current weight 50.41%; historical high 85.5%), so index levels increase only if the underlying ETFs outperform the stated notional rate plus fee. The prospectus and applicable pricing supplement describe specific note terms, proceeds treatment, hedging and risks.
GS Finance Corp. priced a Performance Leveraged Upside Security (PLUS) based on the S&P 500® Index with a stated principal amount of $1,000 per PLUS. The notes provide 300% leveraged upside of index appreciation up to a maximum payment of $1,154.00 per PLUS and expose holders to a full 1:1 downside in the index; there is no interest or dividend entitlement. Expected pricing and issue timing: pricing date about April 30, 2026, original issue date May 5, 2026, valuation date expected July 30, 2027, and stated maturity expected August 4, 2027. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.
GS Finance Corp. is offering $1,000 face‑amount Autocallable Contingent Coupon Index‑Linked Notes due April 21, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon (at least $10.209 per $1,000 when each underlier meets its trigger) and are automatically called on specified quarterly call dates if each underlier is at or above its initial level. The cash settlement at maturity (if not called) is based solely on the lesser performing underlier versus its initial level, with a 20% buffer and a 125% buffer rate; investors can lose up to 100% of their investment. Key underliers are the Dow Jones Industrial Average, Russell 2000 and S&P 500. Trade date is April 16, 2026.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected indexed notes linked to an equally-weighted 4-stock basket. The notes (no interest) reference CrowdStrike, Microsoft, ServiceNow and Palo Alto Networks; the initial basket level is 100 (set April 14, 2026) and the threshold level is 85% of that initial level. If the final basket level on the determination date is ≥85% you receive the maximum cash settlement of $1,190 per $1,000 face amount; if below 85% losses apply (about 1.1765% loss per 1% decline below 85%). The expected maturity is May 3, 2027; estimated value at pricing is about $900–$930 per $1,000 face amount. The calculation agent (GS&Co.) has discretions over pricing adjustments, market disruption handling and anti-dilution adjustments; notes bear issuer and guarantor credit risk and may have limited secondary-market liquidity.
GS Finance Corp. is offering autocallable, contingent-coupon notes linked to the iShares® Semiconductor ETF (SOXX), guaranteed by The Goldman Sachs Group, Inc. Coupons (at least $42.125 per $1,000, or 4.2125% quarterly) are paid only if the ETF closes at or above 75% of the initial level on observation dates. Notes may be automatically called beginning April 2027 if the ETF equals or exceeds the initial level. At maturity (expected April 22, 2030), payment depends on the ETF return versus buffer levels: no principal loss if final level ≥ 65% of initial level, partial loss if final level < 65%, and full principal exposure below that level; estimated value on trade date is $900–$930 per $1,000 face amount.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 16, 2041 that bear interest at 5.55% per annum from the original issue date (expected April 30, 2026). Interest is payable annually on each April 30, with the first payment expected on April 30, 2027. The notes are callable in whole, not in part, on scheduled quarterly redemption dates beginning on or after October 30, 2028, at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days' prior notice. The notes will be issued in book-entry form as a master global note registered in the name of DTC and are a new issue with no established trading market. FATCA withholding rules apply to the notes.
GS Finance Corp. is offering autocallable contingent coupon index-linked notes due April 27, 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; monthly contingent coupons of $10.209 may be paid if each underlier equals at least 75% of its initial level on an observation date. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, are automatically called if all underliers meet or exceed their initial levels on a call observation date, and settle in cash at maturity based solely on the performance of the lesser performing underlier (with a 70% trigger buffer). Investors bear issuer/guarantor credit risk and may lose their entire investment if the lesser performing underlier falls below the trigger buffer.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2038. The notes bear interest at 5.40% per annum from and including the original issue date (expected April 30, 2026) to but excluding the stated maturity date (expected April 30, 2038), with annual interest payment dates expected each April 30 and the first payment expected on April 30, 2027.
The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates expected each January 30, April 30, July 30 and October 30 on or after April 30, 2027, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book‑entry form through DTC and are a new issue with no established trading market.
GS Finance Corp. is offering Leveraged Buffered Basket-Linked Notes due October 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference an unequally weighted basket: S&P 500 (60%) and Russell 2000 (40%), with an initial basket level of 100 set on the trade date.
Payment at maturity per $1,000 face depends on the basket return from the trade date to the determination date: 125% participation in positive returns up to a capped cash settlement of $1,172; principal protection applies only for declines up to 10%; losses occur for declines beyond 10%. Estimated value on the trade date is $925–$955 per $1,000 face.
GS Finance Corp. offers $1,000 face-amount Leveraged Buffered S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 closing level from April 14, 2026 to the determination date; terms include a 150% upside participation rate, a 20% buffer (buffer level = 80% of initial level), and a $1,315 maximum settlement amount per $1,000 face. If the final underlier level is at or above the buffer level but at or below the cap, holders receive at least the face amount; declines beyond the buffer result in proportionate losses. The notes pay no interest, are cash-settled, subject to issuer and guarantor credit risk, and include detailed tax and market‑liquidity disclosures.
GS Finance Corp. offers market-linked notes guaranteed by The Goldman Sachs Group, Inc., due May 8, 2031. The notes pay no interest and return principal at maturity plus a supplemental payment equal to 114.30% of any positive basket percent change measured from the pricing date to the valuation date.
The basket is weighted: EURO STOXX 50 40%, TOPIX 25%, FTSE 100 17.5%, SMI 10%, S&P/ASX 200 7.5%. Pricing is expected on or about April 30, 2026; estimated secondary-market indicative value is $895 to $955 per $1,000 note. All payments are subject to GS Finance Corp. and Goldman Sachs credit risk.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2030. The notes pay interest at 4.625% per annum, with an expected original issue date of April 30, 2026 and an expected stated maturity of April 30, 2030. Interest is expected semiannually on April 30 and October 30, with the first payment on October 30, 2026. The issuer may redeem the notes in whole, but not in part, on quarterly redemption dates on or after April 30, 2028, at a price equal to 100% of principal plus accrued interest. The notes will be issued in book‑entry form through DTC. Pricing and underwriting discounts vary by investor class; initial price to public may be below 100% for certain accounts. FATCA withholding rules will generally apply.
GS Finance Corp. offers autocallable EURO STOXX 50® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a 150% upside participation rate, an 80% trigger buffer and an automatic-call feature that pays at least $1,186 per $1,000 if the call condition is met on the call observation date. If not called, maturity pay depends on final index performance and can result in a total loss of principal.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Buffered PLUS principal-at-risk notes linked to an equally weighted basket of 10 stocks. The notes are expected to price on or about April 30, 2026, with an original issue date expected to be May 5, 2026 and a stated maturity date expected to be November 3, 2027.
The product provides 150% leveraged upside on any positive basket performance (the leverage factor), is protected by a 10.00% buffer against initial losses, has a capped maximum payment at maturity of at least $1,345.00 per $1,000 principal, and a minimum payment of $100.00 per $1,000. If final basket value declines beyond the buffer, investors lose 1% for each 1% decline beyond the buffer, subject to the minimum. Pricing indicates an estimated value range of $900 to $960 per $1,000 at issuance and an underwriting discount of 2.50%.
GS Finance Corp. offers S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, pay no interest, and settle in cash at stated maturity based on the S&P 500 index performance from the trade date to the determination date. If the final underlier level is greater than the initial level, you receive $1,000 plus the underlier return subject to a maximum settlement amount of at least $1,475. If the final underlier level is equal to or less than the initial level, you will receive the face amount only. Trade date is April 30, 2026, original issue date May 5, 2026, determination date October 30, 2031, and stated maturity date November 4, 2031. The notes are senior debt issued under the GSFC 2008 indenture and are subject to issuer and guarantor credit risk, limited upside due to the cap, secondary market illiquidity, distribution fees and structuring costs, and special tax rules for contingent payment debt instruments.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 28, 2028, bearing interest at 4.30% per annum from the expected original issue date of April 28, 2026. Interest is payable each April 28 and October 28, with the first payment expected on October 28, 2026. The notes are callable in whole (not in part) on scheduled quarterly redemption dates on or after October 28, 2026, with at least five business days’ prior notice and a redemption price equal to 100% of principal plus accrued interest.
The notes will be issued in book-entry form through DTC, settle in immediately available funds, and are subject to FATCA withholding rules. Distribution is managed by Goldman Sachs & Co. LLC and InspereX LLC; initial prices and underwriting discounts vary for certain investor types as described in the supplemental plan of distribution.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay 4.75% per annum, with an original issue date expected to be April 30, 2026 and a stated maturity date expected to be April 16, 2031.
Interest is payable annually on expected interest payment dates of April 30 each year, beginning on April 30, 2027. The notes are callable by Goldman Sachs in whole, but not in part, on expected quarterly redemption dates on or after April 30, 2027 at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued as a master global note in book-entry form through DTC and are a new issue with no established trading market.
GS Finance Corp. offers Fixed Coupon Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $6.792 per $1,000 (about 8.15% per annum) and reference the Russell 2000® and Nasdaq-100® indices. The indexed principal protection includes an 80% buffer level (buffer rate 125%) and a payoff at maturity based on the lesser performing index measured from April 14, 2026 to the determination date (expected July 15, 2027). The estimated value at pricing is between $925 and $955 per $1,000 face amount. Trade date and original issue date are expected to be April 15, 2026 and April 20, 2026, respectively.
GS Finance Corp. offers structured notes linked to the abrdn Platinum ETF Trust, SPDR® Gold Trust and iShares® Silver Trust with a stated maturity of April 20, 2028 and an issuer redemption window from October 2026 through January 2028. The notes pay contingent quarterly coupons of $45 per $1,000 (4.5% quarterly, potential 18% per annum) only when each ETF closes at or above 70% of its initial level. If not redeemed, the cash at maturity is determined by the performance of the lesser performing ETF, with a 30% buffer and an approximate buffer rate of 142.86%. The trade date is expected to be April 15, 2026 and the original issue date expected to be April 20, 2026. The estimated value at pricing is stated as $900–$930 per $1,000 face amount, which is below face amount.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay 5.00% per annum, expected to be issued on April 30, 2026 with an expected stated maturity of April 14, 2033.
Interest is payable annually on each expected April 30 (first payment expected April 30, 2027). The notes are callable in whole, not in part, on each expected January 30, April 30, July 30 and October 30 on or after October 30, 2027, at par plus accrued interest. Delivery is expected in New York on April 30, 2026.
GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call payment date if the S&P 500 closing level on the call observation date is greater than or equal to the initial level, in which case each $1,000 face amount would pay $1,160. If not called, the cash payment at maturity depends on the final index level versus the initial level, with a 20% buffer (buffer level 80%) and a 100% upside participation rate; downside outcomes can cause substantial principal loss. The notes are subject to issuer and guarantor credit risk, limited liquidity, tax uncertainty, and other structured-note risks.
GS Finance Corp. is offering $Callable Contingent Coupon Index-Linked Notes due 2031 guaranteed by The Goldman Sachs Group, Inc.. The notes pay a contingent quarterly coupon of at least $17.125 per $1,000 (at least 1.7125% per quarter, up to 6.85% per annum) when each underlier closes at or above a 55% coupon trigger level. The notes reference the Russell 2000® and S&P 500® indices and settle at maturity based on the lesser performing underlier; if that underlier finishes below its 55% trigger buffer level, investors may lose a substantial portion or all of their investment. The company may redeem the notes on each coupon payment date beginning November 2026 through February 2031.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 30, 2032 that bear interest at 5.00% per annum from and including the original issue date (expected April 30, 2026). Interest is payable annually each April 30, with the first payment expected on April 30, 2027. The notes are callable at the issuer's option in whole (but not in part) on each scheduled redemption date expected quarterly on January 30, April 30, July 30 and October 30 on or after April 30, 2027, at 100% of principal plus accrued interest. The notes will be issued in book-entry form as a master global note registered in the name of DTC. The offering contemplates an initial pricing that may vary for certain retirement and fee-based advisory accounts; underwriting discounts and initial price ranges are stated in the supplemental plan of distribution.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031 with a stated interest rate of 5.00% per annum, expected to be issued on April 30, 2026 and to mature on April 30, 2031.
Interest accrues from the original issue date and is payable annually on April 30, beginning April 30, 2027. The issuer may redeem the notes in whole (not in part) on each redemption date (expected quarterly on Jan 30, Apr 30, Jul 30, and Oct 30 on or after April 30, 2027) at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days’ notice.
GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc., with payoff tied to the S&P 500 performance from the trade date to the determination date. For each $1,000 face amount, investors receive either a capped upside (at least $1,196 at maximum), the $1,000 face amount if the underlier falls no more than 20% (the buffer), or a per‑point loss below the 80% buffer level. The notes pay no interest, carry issuer and guarantor credit risk, and were priced at 100% of face with a 1.75% underwriting discount.
GS Finance Corp. is offering index-linked, principal-at-risk notes due January 3, 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, pays no interest, and settles in cash at maturity based solely on the performance of the lesser performing underlier (DJIA, Nasdaq-100, Russell 2000).
If the lesser performing underlier finishes above its initial level, holders participate at a 300% upside participation rate capped at a $1,540 maximum settlement amount per $1,000 face. If the lesser performing underlier finishes at or above 70% (the trigger buffer) but ≤ initial level, holders receive the face amount. If it finishes below 70%, holders lose pro rata principal and could lose their entire investment.
GS Finance Corp. is offering autocallable EURO STOXX 50® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will be automatically called on the call payment date if the underlier's closing level on the call observation date is greater than or equal to the initial level, in which case holders would receive at least $1,151 per $1,000. If not called, the cash settlement at maturity depends on the final underlier level: above the initial level pays $1,000 plus 150% participation in the upside; between 80% and the initial level returns principal; below 80% produces a proportional loss tied to the underlier return. The notes do not bear interest, carry issuer and guarantor credit risk, and may result in a total loss of principal.
GS Finance Corp. is offering callable, contingent‑coupon, index‑linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and pays a contingent quarterly coupon of $20.625 (at least 2.0625% quarterly; 8.25% annualized) only if the closing level of both underliers is at or above a 55% coupon trigger on the related observation dates. At maturity the cash payment (in addition to any final coupon) is based solely on the performance of the lesser performing underlier (the Russell 2000® Index and the S&P 500® Index); if that underlier finishes below its 55% trigger buffer level, investors can lose principal. The issuer may redeem the notes on coupon payment dates beginning November 2026. Trade date is April 30, 2026 and original issue date is May 5, 2026.
The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay 5.70% per annum, expected to be issued on April 30, 2026 with a stated maturity expected on April 16, 2046. Interest is payable annually on each April 30, beginning April 30, 2027. The notes are callable in whole (not in part) on scheduled redemption dates expected each January 30, April 30, July 30 and October 30 on or after April 30, 2029 at a redemption price equal to 100% of principal plus accrued interest.
The offering will settle through DTC in immediately available funds and will be sold initially by Goldman Sachs & Co. LLC and InspereX LLC; market-making by underwriters is intended but not guaranteed. Tax and regulatory disclosures include FATCA withholding rules and multiple jurisdictional distribution limits. Pricing specifics and underwriting discounts vary by investor class and are set forth in the pricing supplement.
The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2029 that pay interest at 4.50% per annum, with an expected original issue date of April 30, 2026 and expected stated maturity of April 30, 2029. Interest is payable semiannually on expected payment dates April 30 and October 30, beginning October 30, 2026. The notes are callable by the issuer in whole (but not in part) on scheduled redemption dates on or after April 30, 2027 (expected quarterly), at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form as a master global note registered in the name of DTC and are governed by the company’s Medium-Term Notes, Series N indenture.
GS Finance Corp. is offering autocallable EURO STOXX 50® Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date for a cash payment of $1,192 per $1,000 face amount, and otherwise pay at maturity based on the EURO STOXX 50 performance with a 150% upside participation and an 80% trigger buffer. The trade date is April 17, 2026, original issue date April 22, 2026, and stated maturity date April 22, 2031. The notes are subject to issuer and guarantor credit risk and may result in a complete loss of principal if the final index level is below the trigger buffer.
GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P 500® performance measured from the trade date to the determination date. Key economics in the pricing supplement include an upside participation rate of 125%, a buffer of 10% (buffer level = 90% of the initial underlier level) and a stated cap on upside with a maximum upside settlement amount of at least $1,200 per $1,000 face amount. Trade date is April 30, 2026, original issue date is May 5, 2026, determination date is May 1, 2028 and stated maturity is May 4, 2028. The pricing supplement emphasizes credit risk of the issuer and guarantor, potential illiquidity, a secondary-market discount relative to modeled estimated value, and tax characterization uncertainty.
GS Finance Corp. priced contingent income buffered auto-callable notes linked to Eli Lilly common stock due April 20, 2027. Each $1,000 stated principal may pay a contingent monthly coupon (at least $16.917 per $1,000 step-wise) only if the underlying closes at or above an 80.00% buffer (initial share price $922.50). The notes are automatically called if the underlying closes at or above the initial share price on any call observation date; if not called, principal at maturity depends on the final share price subject to a 1.25 downside factor and can result in partial or total loss of principal.
GS Finance Corp. is offering S&P 500® Index‑Linked Notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000 per note, pay no interest, and are linked to the S&P 500 Index. The trade date is April 30, 2026, the original issue date is May 5, 2026, the determination date is October 30, 2030 and the stated maturity date is November 4, 2030. At maturity each $1,000 note will pay either the face amount (if the underlier return is zero or negative) or $1,000 plus the underlier return subject to a maximum settlement amount of at least $1,445. The pricing supplement notes that the original issue price exceeds the notes' model-derived estimated value and that secondary market liquidity is not assured.
GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity-linked notes tied to the common stock of Apollo Global Management, Inc. The notes pay a quarterly coupon of $48.75 per $1,000 face amount (4.875% quarterly, up to 19.5% per annum) only if the index stock closing price on a coupon observation date is at least 70% of the initial index stock price. The notes are automatically called if an observation-date closing price is greater than or equal to the initial index stock price, and mature on the stated maturity date expected to be May 3, 2029 (determination date expected April 30, 2029), with cash settlement linked to the index stock return and a downside buffer at 70% of the initial index stock price. The estimated value at pricing is between $925 and $955 per $1,000 face amount and the original issue price is 100% of face amount.
The Goldman Sachs Group, Inc. is offering two series of senior notes: $3,000,000,000 4.594% fixed/floating notes due April 20, 2030 and $3,000,000,000 5.094% fixed/floating notes due April 20, 2034.
Each series pays a fixed rate through specified first par‑call dates, converts to Compounded SOFR plus a spread during a final floating period, and is callable under make‑whole provisions or at par on specified dates. Net proceeds to the issuer per series are shown on the cover.
The Goldman Sachs Group, Inc. is offering $500,000,000 principal amount of Floating Rate Notes due April 20, 2030. The notes pay interest at Compounded SOFR plus 1.000% per annum, with quarterly payments on January 20, April 20, July 20 and October 20, beginning July 20, 2026.
The initial public price is 100.000% per note, underwriting discount is 0.250%, and proceeds to the issuer before expenses are $498,750,000. The notes are senior debt issued in book-entry form through DTC and include optional redemption provisions and benchmark‑replacement mechanics for SOFR.
GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity depends on the S&P 500® Index performance between the trade date and the determination date. The notes provide a 20% downside buffer: if the final underlier level declines by up to 20% from the initial level, the notes pay a positive return equal to the absolute value of the underlier return; if the decline exceeds 20%, investors lose 1.25% of face amount per 1% decline beyond the buffer. The maximum upside settlement amount is at least $1,193.50 per $1,000 face amount. Trade date is April 17, 2026, original issue date is April 22, 2026, and stated maturity is April 20, 2028.
GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide payoff tied to the S&P 500 index with a 15% buffer, a capped maximum settlement of $1,119.50 per $1,000 face amount, and maturity on August 4, 2027. Credit risk of the issuer and guarantor applies, and the issue price may exceed the model-derived estimated value on the trade date (April 30, 2026).
GS Finance Corp. has offered Market Linked Medium‑Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq‑100 Index®. The notes are auto‑callable on April 28, 2027 with a minimum call premium of $104 per $1,000 face amount and a 150% upside participation rate if not called. Original offering price is $1,000 per security; estimated model value on the pricing date is between $925 and $955 per $1,000 face amount. Investors face full credit risk of the issuer/guarantor and may lose up to 100% of principal if the ending level falls below the 75% threshold.
GS Finance Corp. is offering medium-term, equity-linked, auto-callable notes (face amount $1,000 each) due April 26, 2029, linked to the lowest performing of Advanced Micro Devices, Inc. and Western Digital Corporation. Coupons are contingent and paid quarterly only if the lowest performing stock meets a 50% coupon threshold. The contingent coupon is set at no less than $69.25 per $1,000 (equivalent to 27.70% per annum) on the pricing date. If not auto-called, principal at maturity depends on the lowest performing stock: if that stock closes below 50% of its starting price you can lose more than 50%, possibly all, of your principal. Estimated value at pricing is between $925 and $955 per $1,000; original offering price is $1,000 (underwriting discount up to $23.25). All payments are subject to issuer and guarantor credit risk.
GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers cash-settled, non‑interest notes linked to an equally weighted basket of six stocks. The notes have an expected trade date of April 17, 2026, an original issue date of April 22, 2026, an expected call observation date of April 30, 2027 and a stated maturity of April 20, 2028.
Notes are automatically called if the basket closing level on the call observation date is ≥ the initial basket level (100), producing a call payment of at least $1,154 per $1,000 face amount. At maturity, upside participation is 125% if the basket return is positive; a 15% buffer protects losses up to that decline, and a buffer rate of approximately 117.65% applies below the buffer. The estimated value on the trade date is expected between $900 and $930 per $1,000 face amount.
GS Finance Corp. is offering non‑interest bearing, autocallable notes linked to an equally weighted basket of five stocks: Cloudflare (NET), Lam Research (LRCX), Micron (MU), Robinhood (HOOD) and Vertiv (VRT). The initial basket level is 100; upside participation is 100%; the trigger buffer is 50. Notes are expected to trade on April 22, 2026, have an original issue date of April 27, 2026 and an expected stated maturity of April 29, 2031 (determination date expected April 22, 2031). If the basket closing level on any call observation date is ≥100, notes will be automatically called and redeemed with the applicable call premium (first call premium 18% on April 29, 2027). If not called, maturity payoff depends on the basket return: full participation if final level ≥100; principal protected only down to a 50% final level; below 50% the investor suffers pro rata losses. Estimated value at pricing is expected between $850 and $890 per $1,000 face amount. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.