Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non-interest bearing notes linked to the common stock of Amazon.com, Inc. The notes have a $1,000 face amount per note, an expected trade date of April 17, 2026, an expected automatic call observation on April 30, 2027 (call payment expected May 5, 2027) and an expected stated maturity of April 20, 2028.

If the closing price of AMZN on the call observation date is at or above the initial index stock price the notes will be automatically called and pay at least $1,196.50 per $1,000. If not called, the maturity payoff depends on the final index stock price: investors receive at least a $1,393 threshold if the final price is >= initial price, full principal if the final price declines by up to 15%, but may lose substantially (up to the full investment) for declines beyond 15. The notes’ estimated model value at issuance is between $900 and $930 per $1,000. Holders bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited anti-dilution protections, potential illiquidity, and discretion by GS&Co. as calculation agent.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes due June 2, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Broadcom Inc. and pay a contingent monthly coupon of $13.417 per $1,000 if the underlier meets the 55% coupon trigger on observation dates. Notes are automatically called if the underlier equals or exceeds the initial level on any call observation date; principal repayment at maturity depends on the final underlier level and can result in a total loss of invested principal.

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, unsecured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on the call observation date and settle in cash based on index performance.

Key economics set on the trade date: upside gearing expected between 1.40 and 1.54, autocall barrier at 100.00% of initial index level, downside threshold at 75.00% of initial index level, and a call return of 18.00%. Estimated model value is $9.35–$9.65 per $10 face amount; original issue price is 100% of face amount with a 2.50% underwriting discount. The securities carry issuer and guarantor credit risk and may lose all principal.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes linked to Marvell Technology, Inc. (ticker “MRVL UW”), with $1,000 face amount per note. Trade date is April 17, 2026, original issue date April 22, 2026, and stated maturity May 6, 2027. Coupons are contingent quarterly payments (formula uses $61 per observation increment) payable only if the underlier closes at or above a 65% coupon trigger. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, principal at maturity depends on the final underlier level and a buffer mechanism (buffer level = 65%, buffer amount = 35%, buffer rate ≈ 153.85%), and investors could lose their entire investment. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and bear issuer and guarantor credit risk.

GS Finance Corp. offers EURO STOXX 50® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the EURO STOXX 50 performance from the trade date to the determination date with an upside participation rate of 186.5% and a trigger buffer level of 70%. For each $1,000 face amount, if the final index level is above the initial level you receive $1,000 plus the upside participation rate times the index return; if the final level is between 70% and 100% of the initial level you receive $1,000; if the final level is below 70% you receive $1,000 plus the index return, which can result in loss of principal up to the full investment. Trade date is April 17, 2026 and stated maturity is April 22, 2031. The notes do not bear interest and are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6). The notes mature expected April 18, 2030 unless automatically called starting expected April 2027. Monthly coupons may pay when the index on an observation date is ≥ 75% of the initial underlier level; automatic call occurs if the index is ≥ the initial underlier level on a call observation date. The index applies leverage (up to 500%), a volatility target of 40%, and a fixed daily decrement equal to 6.0% per annum, which reduces index performance. The estimated value at pricing is $905–$955 per $1,000 face amount; original issue price is $1,000 per face amount. Payments are subject to issuer and guarantor credit risk; holders may lose a substantial portion or all of their investment if final underlier performance is poor.

The offered notes are $7,195,000 of principal-protected-conditional, cash-settled structured notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the lesser performing underlier between the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, with an upside participation rate of 310% and a trigger buffer level at 70% of each initial underlier level. The notes do not pay interest and include two annual automatic-call opportunities with call premiums of 15% (Apr 2027) and 30% (Apr 2028); if not called, maturity is April 12, 2029, with the determination date on April 9, 2029. The notes may result in total loss if the lesser performing underlier finishes below its trigger buffer; purchasers bear issuer and guarantor credit risk and market-value risk.

The offered notes are S&P 500® linked cash-settled notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. for an aggregate face amount of $2,113,000. For each $1,000 face amount, the cash payment at maturity on April 12, 2029 depends on the S&P 500 final level: if the final level is higher than the initial level, holders receive $1,000 plus the underlier return capped at a $1,224 maximum settlement amount; if the final level is equal to or below the initial level, holders receive the face amount only. The notes pay no interest, were issued at 100% of face with a 2% underwriting discount (net proceeds 98%), and are not bank deposits or FDIC insured. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes; the issuer’s computed comparable yield is 4.4158% and the projected payment at maturity based on an investment of $1,000 is $1,141.92. Market liquidity is not assured and secondary sale prices may differ materially from purchase price.

GS Finance Corp. is offering $5,638,000 of medium‑term, non‑interest bearing, cash‑settled notes linked to the S&P 500® Index. Each $1,000 face amount may be automatically called on the call observation date if the index closing level is greater than or equal to the initial level; in that case the call payment equals $1,111.00 per $1,000. If not called, maturity payment depends on index performance: upside participation is 125%; there is a 10% buffer (buffer level = 90% of initial level) with a buffer rate of 100%, producing downside payoffs shown in the pricing table. Trade date is April 9, 2026, original issue date April 14, 2026, determination date April 10, 2028, stated maturity April 13, 2028. Original issue price is 100% of face amount, underwriting discount 1.75%, net proceeds 98.25%. Notes are obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers Trigger Autocallable GEARS linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc. The securities have a $10 face amount per security, an expected trade date of April 14, 2026, an expected original issue date of April 17, 2026, an expected stated maturity of April 17, 2031, and an expected call observation date of April 21, 2027. Payments depend on the Russell 2000® Index performance: an automatic call pays $10 plus a 15.00% call return per $10 face if the index on the call observation date is at or above the autocall barrier (100.00% of the initial index level). At maturity, holders receive enhanced upside if the final index level exceeds the initial level (upside gearing expected between 1.25 and 1.34) but face full downside market exposure if the final level is below the downside threshold (75.00% of the initial index level). The estimated value at issuance is between $9.40 and $9.70 per $10 face amount; original issue price is 100.00% of face with a 2.00% underwriting discount.

GS Finance Corp. priced $3,000,000 of Market Linked Securities (Medium‑Term Notes, Series F) due April 12, 2029. These securities are auto‑callable and linked to the lowest performing of the S&P 500®, Russell 2000® and EURO STOXX 50® underliers. If on any call date the lowest performing underlier’s closing level is >= its starting level, the notes will be automatically called and pay the face amount plus a fixed call premium (a schedule rising to 54.60% on the final calculation day). If not called, the maturity payment depends solely on the lowest performing underlier on the final calculation day; holders have 1‑for‑1 downside beyond a 25.00% threshold and may lose up to 100.00% of principal. Estimated value at pricing was $984 per $1,000 face amount; original offering price was $1,000 per security.

GS Finance Corp. is offering $855,000 aggregate face amount of Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due April 14, 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and return at maturity depends on the S&P 500® Futures Excess Return Index: a 135% participation on positive returns, a 20% buffer (you receive face amount if decline ≤ 20%), and downside exposure beyond the buffer. Initial index level is the lowest closing during the observation period (Apr 9–Jun 9, 2026); determination date is Apr 9, 2031. The estimated value at pricing was approximately $953 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.125%.

GS Finance Corp. priced a contingent‑coupon, autocallable note issue guaranteed by The Goldman Sachs Group, Inc. The offering covers an aggregate face amount of $813,000 in notes that pay a monthly contingent coupon of $7.75 per $1,000 (0.775% monthly; up to 9.30% per annum) if each underlier meets a 75% coupon trigger on observation dates. The notes reference BAC ($52.71), MU ($421.51) and NVDA ($183.91) initial levels, are callable beginning April 9, 2027, and mature on April 16, 2031. The original issue price was 100% of face amount; GS&Co.’s estimated trade‑date value was $953 per $1,000 and an additional amount of $9 declines to zero on July 8, 2026. Investors remain exposed to issuer/guarantor credit risk and to the possibility of receiving only face amount at maturity if coupons are not paid.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash-settled medium-term notes linked to the common stocks of Apple, Meta Platforms and NVIDIA. The notes pay no interest and return a cash amount at maturity based solely on the lesser performing underlier’s return measured from April 9, 2026 to April 9, 2031.

The notes feature an upside participation rate of 412% if all underliers finish above their initial levels, a 70% trigger buffer (no principal loss if each underlier is at or above 70% of its initial level), and full downside participation below that buffer, meaning investors could lose their entire investment.

GS Finance Corp. is offering principal-at-risk notes linked to the S&P 500 Index. Each $1,000 face amount will pay at maturity either (a) $1,000 plus the underlier return up to a maximum upside settlement amount of $1,190, (b) $1,000 plus the absolute underlier return if the final level is down but not more than the buffer level of 80% of the initial level, or (c) a reduced cash payment if the final level is below the buffer (losses increase 1% for each 1% below the buffer). The notes do not pay interest and are fully guaranteed by The Goldman Sachs Group, Inc.

The pricing supplement shows an aggregate face amount of $250,000, an original issue price of 100% of face, an underwriting discount of 0.8%, and key dates: trade date April 9, 2026, original issue date April 14, 2026, determination date April 10, 2028, and stated maturity April 13, 2028.

The issuer, GS Finance Corp., is offering leveraged Vanguard FTSE All-World ex-US ETF‑linked, non‑interest bearing notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. The cash payment per $1,000 face will equal $1,000 plus 113.15% participation of any positive ETF return measured from the trade date to the determination date; if the ETF return is zero or negative, holders receive $1,000. The initial underlier level is $79.01 and the estimated value on the trade date was approximately $959 per $1,000 face amount. The aggregate original face amount offered is $570,000, original issue price is 100%, and underwriting discount is 0.75%. The notes are unsecured obligations subject to issuer and guarantor credit risk and have specialized U.S. tax treatment as contingent payment debt instruments.

GS Finance Corp. is offering Market Linked Notes—Upside Participation to a Cap and Fixed Percentage Buffered Downside—linked to the S&P 500® Index with a face amount of $1,000 per security and a stated maturity date of April 12, 2029. The notes pay no interest; the maturity payment depends on the index performance from a starting level of 6,824.66 (pricing date April 9, 2026) to the ending level on the calculation day. If the ending level rises, holders participate at a 100% upside participation rate capped at a maximum return of 32.85% (maximum maturity payment $1,328.50). If the ending level falls up to the 20% buffer, investors receive the face amount; losses occur 1-to-1 beyond the buffer, with possible loss up to 80% of face amount. The estimated value at pricing was approximately $973 per $1,000, below the offering price.

GS Finance Corp. is offering Buffer Autocallable Securities linked to the S&P 500® Index, due and guaranteed by The Goldman Sachs Group, Inc. The trade date is April 15, 2026, original issue date April 20, 2026, call observation date April 22, 2027, and stated maturity date April 18, 2031. The securities feature an autocall at 100.00% of the initial index level, a downside threshold at 75.00% (a 25.00% buffer), and a call return set on the trade date expected between 8.50% and 9.30%. The original issue price is 100.00% of face amount (face amount denominated in $10 units); estimated value on the trade date is between $9.35 and $9.65 per $10 face amount. Payments depend on index performance and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. The offering comprises an aggregate face amount of $2,847,000 with an original issue price equal to 100% of face amount. The notes may be automatically called on the call observation date if the underlier closes at or above the initial level; in that event each $1,000 face amount pays $1,135 on the call payment date. If not called, maturity payoffs depend on the final underlier level, with an upside participation rate of 125% for gains, a 70% buffer level and a 30% buffer amount that limit but do not eliminate downside losses. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and market‑structure risks tied to futures pricing and roll yields.

GS Finance Corp. is offering contingent, autocallable notes linked to Palantir Class A, NVIDIA and Oracle common stock that mature April 13, 2028 unless automatically called beginning April 2027. Coupons accrue monthly when all three stocks meet a 50% trigger threshold; automatic call occurs if all three stocks close at or above their initial prices on a call observation date.

If not called, principal at maturity depends on the final outcomes: no trigger event = return of face amount (and final coupon if coupon conditions met); trigger event = cash amount tied to the lesser performing stock, which can result in significant principal loss. The estimated value at pricing was approximately $967 per $1,000 face amount.

GS Finance Corp. offers structured, cash-settled notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a $2,638,000 aggregate face amount, no interest, a 200% upside participation rate and a 70% trigger buffer. If the underlier meets or exceeds the initial level on the call observation date, the notes will be automatically called and pay $1,187.50 per $1,000 face amount on the call payment date. If not called, maturity payments depend on the final underlier level and may result in a total loss of principal. The notes are subject to issuer and guarantor credit risk, market‑value fluctuations, negative roll yields tied to futures, tax uncertainty and limited liquidity.

The pricing supplement describes GS Finance Corp. medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $2,680,000. Each note has a $1,000 face amount, a 100% upside participation rate and an automatic annual call feature with rising call levels and capped call premiums. The estimated trade-date value was $941 per $1,000 and an additional amount of $59 declines to zero by August 8, 2026. If not called, maturity settlement depends on index performance (final index level relative to initial index level 112.17). Notes do not pay interest and are subject to issuer/guarantor credit risk and complex index mechanics (daily rebalancing, 5% volatility control, momentum risk control, and a 0.65% annual deduction).

GS Finance Corp. priced principal‑protected S&P 500 linked notes under its Medium‑Term Notes, Series F program, with an aggregate face amount of $1,200,000. For each $1,000 face amount, holders receive at maturity either the face amount or $1,000 + $1,000 × underlier return capped at a maximum settlement amount of $1,474. The notes pay no interest, reference the S&P 500® Index (SPX Index), have a trade date of April 9, 2026, original issue date of April 14, 2026, and stated maturity of April 14, 2031. The comparable yield used for tax accruals is 4.68% per annum with a projected payment at maturity of $1,264.40 per $1,000 invested.

These notes expose holders to issuer/guarantor credit risk of The Goldman Sachs Group, Inc., limited upside because of the cap, potential secondary‑market illiquidity, and special U.S. tax rules for contingent payment debt instruments.

The issuer, GS Finance Corp., is offering contingent quarterly coupon, Amazon (AMZN)-underlier, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $3,764,000 of face amount with a $1,000 face amount per note, trade date April 9, 2026, original issue date April 14, 2026, and stated maturity October 14, 2027. Coupons of $32.50 accrue per qualifying coupon observation date (coupon trigger 65% of the initial underlier level), notes are automatically called if the underlier closes at or above the initial level on a call observation date, and principal at maturity is linked to the Amazon final level with a trigger buffer at 65% (you may lose your entire investment).

GS Finance Corp. offers principal-protected-style contingent coupon notes linked to the common stocks of NVIDIA Corporation, Celestica Inc. and Broadcom Inc., with a stated maturity of April 12, 2029 and a trade date of April 9, 2026. The offering’s aggregate original face amount was $730,000 on the original issue date. Notes are automatically called if, on any call observation date (commencing April 2027), each index stock’s closing price is >= its initial index stock price. Monthly coupon mechanics pay $17.167 per $1,000 face amount (1.7167% monthly, ~20.6% p.a.) only when all three stocks meet coupon trigger thresholds (50% of initial price) on observation dates. If notes are not called, maturity payment depends on a final determination: if a trigger event (all final prices below initial prices) occurs, repayment is tied to the lesser-performing stock and could be significantly below principal; otherwise holders receive principal (and final coupon if applicable). The estimated value on the trade date was approximately $956 per $1,000 face amount. Underwriting discount was 1.5%.

GS Finance Corp. priced structured, cash-settled, equity-linked notes (aggregate face amount $814,000) guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500, carry no interest, a 150% upside participation and a 70% trigger buffer. The notes can be automatically called on several semi-annual observation dates (first call observation April 9, 2027) for predetermined call premiums; if not called, final payoff at maturity (determination date April 9, 2031) depends solely on the lesser performing underlier and can result in a total loss of principal.

GS Finance Corp. offers Dual Directional Trigger PLUS notes guaranteed by The Goldman Sachs Group, Inc. The notes are principal-at-risk securities tied to a weighted basket of five components and mature on April 26, 2029. They provide 200% leveraged upside on positive basket performance up to a capped maximum payment (at least $1,362.50 per $1,000), a limited positive payoff for moderate declines (absolute return up to 20.00%), and full 1:1 downside exposure if the final basket value falls below the 80.00% trigger level. Pricing is expected around April 21, 2026 with original issue date expected April 24, 2026. All payments are subject to issuer and guarantor credit risk and the notes do not pay dividends or interest.

GS Finance Corp. is offering unsecured, autocallable notes ("Trigger Autocallable GEARS") linked to an unequally weighted basket of five equity indices and guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $10 per security, a trade date expected on April 15, 2026, an original issue date expected on April 20, 2026, an autocall observation date expected on April 22, 2027 and a determination date expected on April 15, 2031.

Key economics: an autocall occurs if the basket closes at or above the autocall barrier (100.00%) on the call observation date, producing a call payment equal to face plus a 15.00% call return; if not called, a positive final basket return is multiplied by upside gearing (expected between 1.95 and 2.183); a downside threshold at 75.00% exposes holders to principal loss at maturity.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes linked to the Class A common stock of Palantir Technologies Inc. (ticker: PLTR UW). Each $1,000 note may pay a contingent quarterly coupon of $54.375 (5.4375% quarterly; up to 21.75% per annum) if the underlier closes at or above 60% of the initial level on observation dates.

Notes will be automatically called if the underlier closes at or above the initial level on a call observation date. If not called, maturity payoff depends on the final underlier level; principal can be fully lost if the final level is below the 60% trigger buffer. Trade date is April 16, 2026, original issue date April 21, 2026, and stated maturity April 21, 2027. The notes are senior unsecured obligations of GS Finance Corp., unlisted, and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $5,000,000 aggregate face amount of autocallable, contingent-coupon index-linked notes due April 12, 2029. Payments depend on the Russell 2000®, S&P 500® and Nasdaq-100® levels measured from an initial level set on the trade date (April 8, 2026). Coupons of $32.50 per $1,000 (3.25% quarterly, up to 13% per annum) are payable only if each index remains at or above 70% of its initial level on every trading day during a quarterly observation period. Notes are automatically called if on any call observation date each index is at or above its initial level; otherwise maturity payoff is based on the lesser performing index with a trigger buffer at 60% of initial levels.

GS Finance Corp. offers principal-protected-like structured notes linked to an equally-weighted basket of six alternative-asset managers, with an initial basket level of 100 and a threshold level of 80%. If the final basket level is ≥80%, holders receive a capped maximum settlement amount; if below 80%, principal is reduced by a buffer mechanism (buffer rate 125%), potentially resulting in total loss. The notes pay no interest, carry issuer and guarantor credit risk, and have an estimated value on the trade date of $940–$970 per $1,000 face amount. GS&Co. is the calculation agent and may make discretionary determinations affecting settlement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to an unequally weighted basket of 10 alternative-asset manager stocks. The notes have an initial basket level of 100, a threshold level of 88%, may be automatically called beginning June 2, 2027, and mature on April 10, 2030. If not called, maturity payoffs depend on the basket return versus the 12% threshold and an approximate 113.64% buffer rate; the maturity payoff is capped by a 40% premium. The estimated value on the trade date was approximately $951 per $1,000 face amount and the original issue price was 100% of face amount.

GS Finance Corp. priced a $2,171,000 aggregate face amount offering of medium‑term, cash‑settled structured notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices, mature on April 15, 2031, and are callable on quarterly observation dates.

Payments are cash‑settled and based on the lesser performing underlier. A trigger buffer level is set at 70% of each initial level; the maturity payout is capped at 150% of face when above initial levels and falls to the lesser performing underlier return if below the trigger, meaning investors could lose their entire investment.

GS Finance Corp. is offering structured notes linked to an equally weighted 9-stock basket with a stated maturity of April 26, 2027. The notes pay contingent quarterly coupons only if the basket closing level on each coupon observation date meets or exceeds 80% of the initial basket level (initial basket level = 100). The notes have an automatic call feature on observation dates starting July 21, 2026; if called, holders receive face amount plus the coupon then due. At maturity, if the final basket level is below 80%, payments are reduced using a buffer rate of 125% and a buffer amount of 20%, which can produce substantial principal losses. The estimated value on the trade date was approximately $979 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering Buffer Autocallable GEARS linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. Each security has a face amount of $10. The trade date is April 17, 2026, original issue date April 21, 2026, call observation date April 26, 2027, and stated maturity date April 19, 2029.

Key economics set on the trade date include an estimated value of $9.40–$9.70 per $10 face amount, an issue price of 100.00% of face, an underwriting discount of 2.50%, an upside gearing expected between 1.25 and 1.45, a downside threshold at 90.00% of the initial index level (a 10.00% buffer), and a call return of 9.00%. The securities pay no coupons and expose holders to issuer/guarantor credit risk as well as index market risk.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an automatic-call feature and final maturity on April 15, 2031. Each $1,000 face amount can be redeemed early if the index on a call observation date is ≥ the initial level of 420.30, producing a cash payment equal to $1,000 plus a specified call premium. If not called, final payment depends on the index performance from the trade date to the determination date (April 8, 2031) and is capped at $2,700 per $1,000. The index applies up to 500% leverage, a daily 6.0% per annum decrement, and a cap on daily leverage changes; these features magnify losses, reduce upside, and can leave the index partially uninvested. The estimated value at issuance was approximately $968 per $1,000, below the issue price.

GS Finance Corp. priced principal-at-risk notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 face amount and pays no interest. At maturity the cash payment depends on the underlier return, a 169% upside participation rate and an 80% buffer: gains above the initial level are multiplied by 169%, declines up to 20% return principal, and declines beyond 20% produce proportional losses.

The notes are fully guaranteed by The Goldman Sachs Group, Inc., bear issuer and guarantor credit risk, carry an underwriting discount of 4.125%, and have an original issue price of 100% of face amount.

GS Finance Corp. offers auto-callable, equity-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a monthly coupon of $8.875 per $1,000 (0.8875% monthly; up to 10.65% per annum) if, on a coupon observation date, the closing price of each reference stock is at least 70% of its initial price. The notes may be automatically called on specified call observation dates beginning October 2026 if every reference stock closes at or above its initial price; expected trade date is April 24, 2026 and expected original issue date is April 29, 2026, with stated maturity expected to be May 1, 2031. The estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments and coupons remain subject to the issuer’s and guarantor’s credit risk and to calculation-agent determinations.

GS Finance Corp. offers autocallable contingent coupon S&P 500® index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon and are subject to an automatic call on specified observation dates; principal repayment at maturity depends on S&P 500 performance versus a 70% trigger buffer.

The prospectus notes material credit risk of the issuer and guarantor, potential loss of principal if the final underlier level is below the trigger buffer, and limited upside (cash settlement capped at 100% of face amount).

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that bear interest at 5.35% per annum from and including the expected original issue date of April 21, 2026 to but excluding the expected stated maturity date of April 21, 2035. Interest is payable expected each April 21 and October 21, with the first payment expected on October 21, 2026. The issuer may redeem the notes in whole, but not in part, on expected quarterly redemption dates on or after April 21, 2028, at a price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. The notes will be book-entry through DTC, expected to settle on April 21, 2026. The offering is distributed by Goldman Sachs & Co. LLC, which may act as initial purchaser and later as market-maker; offering terms (initial price to public, underwriting discount) may vary for fee-based advisory accounts. The issuer may terminate the issuance prior to the trade date if it determines there has been a significant adverse movement in its credit spread.

GS Finance Corp. / The Goldman Sachs Group, Inc. is offering structured, non‑interest bearing notes with an aggregate face amount of $401,000. Each $1,000 face‑amount note pays at maturity on April 11, 2031 in cash linked to the S&P 500® Futures Excess Return Index. If the final underlier level is above the initial level the holder receives the face amount plus the 203.85% upside participation times the underlier return. If the final level is at or above 70% of the initial level the holder receives the face amount. If the final level is below 70% of the initial level, the holder suffers proportional principal loss and could lose the entire investment. Notes do not pay interest. Original issue price is 100% of face amount; underwriting discount is 0.75%.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due April 22, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity per $1,000 face amount depends on the S&P 500 final level versus the initial level, with a 10% downside buffer and a 200% upside participation rate capped by a $1,124 maximum settlement amount.

The notes pay no interest, are subject to issuer and guarantor credit risk, and may trade below purchase price before maturity. Trade date is April 17, 2026; original issue date April 22, 2026; determination date April 19, 2027.

GS Finance Corp. offers $30,245,800 aggregate face amount of Buffer Autocallable Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc., with an original issue date of April 13, 2026. The securities mature in 2031 and include an automatic call on April 15, 2027 at an autocall barrier of 100.00% of the initial index level and a call return of 8.62%.

The notes provide upside participation if the final index level exceeds the initial level, a 30.00% buffer (downside protection to 70.00% of the initial index level) that applies only at maturity, and are subject to issuer and guarantor credit risk. The estimated value at issuance was approximately $9.69 per $10 face amount and the original issue price equals face amount with a 2.50% underwriting discount.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount payoff tied to the arithmetic average of the S&P 500 on five averaging dates in April 2031. If the final average exceeds the initial level, holders receive $1,000 plus the underlier return. If the final average is between 63% of the initial level and the initial level, holders receive the face amount. If the final average is below 63% of the initial level, the payoff declines proportionally and investors can lose up to their entire investment. The notes pay no interest, are sold at 100% of face with a 3% underwriting discount (net proceeds 97%), and are credit-exposed to the issuer and guarantor. Terms are set on the trade date and certain dates/amounts are subject to adjustment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering notes linked to the common stock of Lennox International, Inc. The notes pay a quarterly coupon of $41.25 per $1,000 (4.125% quarterly, up to 16.5% annually) if the index stock closes at or above 80% of the initial index stock price on coupon observation dates. The notes mature on or about May 1, 2029, are subject to automatic redemption if the index stock closes at or above the initial index stock price on any call observation date, and repay at maturity based on the index stock return with an 80% downside buffer. The estimated value at pricing is $925–$955 per $1,000 face amount; original issue price is 100% with a 2% underwriting discount.

GS Finance Corp. offers contingent quarterly coupon notes linked to the common stock of Arista Networks, Inc. The notes pay quarterly coupons only if the underlier closes at or above 55% of the initial level on observation dates, are subject to an automatic call if Arista closes at or above the initial level on call observation dates, and settle at maturity based on the final underlier level with full loss of principal possible if the final level is below 55%. The notes carry an underwriting discount of 3.35% and were issued at 100% of face amount; the stated maturity date is April 11, 2031.

The GS Finance Corp. offering via Goldman Sachs is a structured note program: $5,000,000 aggregate principal of Auto-Callable Buffered PLUS securities linked to a weighted basket of five equity indices. The securities pay a fixed $1,147.50 per $1,000 if automatically called on the call observation date (April 14, 2027). If not called, maturity (April 12, 2029) payoffs depend on the final basket value: a 200.00% leverage factor on positive basket returns, a 10.00% buffer that protects against limited declines, and a $100 minimum payment per security. Estimated value at pricing was approximately $980 per $1,000 original principal.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due April 24, 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount. The notes pay a contingent monthly coupon of $7.709 per $1,000 (0.7709% monthly; potential up to ~9.25% per annum) only if each underlier equals or exceeds 70% of its initial level on the coupon observation date. The notes will be automatically called if, on any call observation date, each underlier closes at or above its initial underlier level. If not called, the cash settlement at maturity is based on the lesser performing underlier and can result in a total loss of principal; payments are cash-settled. Trade date is April 17, 2026 and original issue date is April 22, 2026. Calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. offers structured notes linked to the EURO STOXX 50®, Nasdaq-100® and the VanEck Semiconductor ETF (SMH). The notes have a stated maturity of April 12, 2029, an aggregate original face amount of $420,000 and monthly coupon opportunity tied to monthly observation dates commencing May 2026.

Coupons (up to ~12.1% per annum potential) are paid only if each underlier meets a coupon trigger (60% of initial level) on coupon observation dates; automatic full redemption occurs if all underliers equal or exceed their initial levels on certain call observation dates. Principal at maturity depends on the lesser performing underlier with buffer thresholds at 50% and 60% of initial levels; severe underperformance can cause losses of most or all invested principal. The estimated value on the trade date was approximately $980 per $1,000 face amount.