Goldman Sachs Group Inc. 424B Filings

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable equity-linked notes tied to the common stock of NVIDIA Corporation. The notes pay a fixed monthly coupon of $11.834 per $1,000 face amount (1.1834% monthly, ~14.2% per annum) and may be automatically called on monthly observation dates if the closing price of NVIDIA is greater than or equal to the initial index stock price of $178.10. If not called, principal at the stated maturity (May 10, 2027) is based on the index stock return with a trigger buffer of 60% of the initial price (i.e., a -40% return threshold). Estimated value on the trade date is approximately $993 per $1,000 face amount. The aggregate original face amount was $2,723,000.

GS Finance Corp. priced auto-callable market-linked notes linked to Intel Corporation due April 25, 2029. Each $1,000 face security pays a contingent quarterly coupon (at least $58.25 per $1,000, equivalent to 23.30% pa) only if the underlying stock meets a coupon threshold equal to 60% of the starting price. The notes are subject to automatic redemption if Intel closes at or above 90% of the starting price on quarterly call dates from July 2026 to January 2029. If not called, principal at maturity depends on the ending price: holders receive $1,000 if the ending price is at or above the downside threshold (60% of starting price), but can lose more than 40% or all principal if the ending price is below that threshold. The pricing date and original issue dates and related terms are set in the supplement; estimated initial model value ranged from $925 to $955 per $1,000 face and the original offering price is $1,000 with underwriting discounts and fees reducing proceeds to the issuer.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, equity‑linked notes tied to the common stock of Marvell Technology, Inc. The notes pay a fixed quarterly coupon of $31.875 per $1,000 (3.1875% quarterly, up to 12.75% per annum), have an expected trade date of April 27, 2026 and an expected stated maturity of May 2, 2029. The notes will be automatically called if the closing price of Marvell on any call observation date is greater than or equal to the initial index stock price. At maturity, if not called, principal repayment depends on the index stock return: full face amount if the final price is ≥50% of the initial price; if below 50% you receive a prorated cash amount reflecting the negative index return (potentially losing most or all principal). The estimated value at pricing is expected to be between $925 and $965 per $1,000, and payments remain subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. priced $1,250,000 of equity-linked medium-term notes (Series F) due April 13, 2034, guaranteed by The Goldman Sachs Group, Inc., with a face amount of $1,000 per security linked to the common stock of Blackstone Inc.

The securities have a starting price of $112.73, an estimated value at pricing of approximately $962 per $1,000 face amount, and automatic call dates beginning April 10, 2028. Call premiums increase across 25 call dates up to 130.80% (payment $2,308.00) on the final calculation day. If not called, holders bear 1-to-1 downside exposure; the downside threshold is 60.00% of the starting price, meaning investors may lose up to 100% of face amount. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. priced contingent monthly coupon, autocallable notes linked to the Nasdaq-100 and S&P 500. The offering totals $2,901,000 of notes issued at 100% of face with a monthly contingent coupon of $7.542 per $1,000 (0.7542% monthly, ~9.05% per annum). Coupons pay only if each underlier meets a 65% coupon trigger on observation dates. The notes will be automatically called if both underliers close at or above their initial levels on a call observation date. If not called, principal at maturity depends on the lesser performing underlier, with full principal loss possible if that underlier falls below the 65% trigger buffer. Stated maturity is August 10, 2028 and the initial underlier levels are fixed as of April 6, 2026.

GS Finance Corp. offers structured notes linked to Eli Lilly common stock with a contingent monthly coupon and an automatic call feature. The notes (aggregate face amount $4,610,000, CUSIP 40058YQG0) pay a monthly coupon of $8.50 per $1,000 when the underlier closes at or above 60% of the initial level. If not called, principal at maturity depends on the underlier return; declines below 60% expose holders to full downside, and the maximum cash settlement is capped at 100% of face. The notes are issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., bear underwriting fees totaling 2.15%, and have trade date April 7, 2026 with stated maturity May 12, 2027.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay a monthly coupon of $12.542 per $1,000 face amount when the index on an observation date is at least 50% of the initial underlier level of 400.05, may be automatically called beginning April 2027, and mature on April 10, 2031 if not called. The index applies volatility-targeted leverage (up to 500%), a daily cap on leverage changes, and a 6.0% per annum daily decrement that reduces index performance. The estimated value at pricing was approximately $971 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.25%. Investors face issuer/guarantor credit risk, leverage and decrement drag, potential full loss of principal if final underlier level is below the 50% trigger, limited upside at maturity, and secondary-market liquidity and valuation uncertainties.

GS Finance Corp. offers $2,235,000 of structured, cash‑settled notes guaranteed by The Goldman Sachs Group, Inc. The notes link to the Nasdaq‑100 Index (NDX) with a 150% upside participation rate, a 57% trigger buffer and an initial underlier level of 24,202.37.

If the notes are automatically called on the call observation date, holders receive $1,100 per $1,000 face amount. If not called, maturity payoffs vary: full principal if the final level is at or above 57% of the initial level, leveraged upside if the final level is above the initial level, or a loss proportional to the underlier return if the final level is below 57% (investors could lose their entire investment). The notes pay no interest and carry issuer/guarantor credit risk; underwriting discounts and structuring fees reduce economic terms.

GS Finance Corp. intends to offer Contingent Income Auto-Callable Securities linked to the common stock of Eli Lilly and Company that mature on April 20, 2029 unless automatically called earlier. Each security has a stated principal amount of $1,000 and may pay a contingent quarterly coupon (at least $28.375 per coupon observation accrual) only if the underlying stock's closing price on a coupon observation date is greater than or equal to the downside threshold, defined as 60.00% of the initial share price. If the securities are automatically called after a call observation date at or above the initial share price, holders receive principal plus the contingent coupon then due; if not called and the final share price is below the downside threshold, holders are exposed to loss on a 1:1 basis and may lose a significant portion or all of principal. The pricing date is expected on or about April 17, 2026 with an original issue date expected on April 22, 2026. The estimated secondary-market indicative value range at pricing is $915 to $975 per security and the underwriting discount is 2.25%.

GS Finance Corp. is offering Buffered Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of NVIDIA Corporation. Each note has a $1,000 face amount and pays at maturity based on the underlier return, subject to a maximum settlement amount of $1,172.50 and a 30% buffer (buffer level: 70% of the initial underlier level). If the final underlier level is at or above the buffer level but not above the cap, holders receive principal; above the cap the cash payment is capped at $1,172.50; below the buffer holders suffer pro rata losses, with examples showing a potential loss of 52% if the underlier falls to 18% of its initial level. Trade date is April 23, 2026, original issue date April 28, 2026, determination date May 24, 2027, and stated maturity May 27, 2027. The notes pay no interest, are cash‑settled, and are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering cash-settled, non‑interest bearing structured notes linked to the S&P 500® Futures Excess Return Index. The notes have an upside participation rate of 135% and pay, at maturity, for each $1,000 face amount either $1,000 or $1,000 plus $1,000 × 135% × underlier return, measured from the trade date April 7, 2026 to the determination date and maturing on April 10, 2031. The offering lists an aggregate face amount of $470,000, an original issue price of 100% of face amount, a 1% underwriting discount, and net proceeds to the issuer of 99% of face amount. The notes are subject to issuer/guarantor credit risk, potential negative roll yields because they track futures, limited secondary‑market liquidity, and special U.S. tax treatment as contingent payment debt instruments.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stock of EQT Corporation. The notes have a trade date expected April 17, 2026, an original issue date expected April 22, 2026, and a stated maturity expected May 20, 2027. Coupons equal $10.917 per $1,000 (1.0917% monthly, ~13.1% per annum) are paid on each coupon payment date only if the index stock closing price on the related coupon observation date is at least 67% of the initial index stock price. The notes are automatically called if the index stock closing price on any call observation date is greater than or equal to the initial index stock price; redemption returns principal plus the coupon. At maturity, if the final index stock price is below 67% of the initial index stock price, investors may receive a reduced cash settlement equal to $1,000 plus the index stock return times $1,000, potentially resulting in losses of principal. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount; original issue price is 100% of face. These notes are unsecured obligations and expose investors to issuer and guarantor credit risk.

GS Finance Corp. offers callable structured notes linked to the VanEck Gold Miners ETF (GDX), an ADS of Taiwan Semiconductor Manufacturing Company Limited (TSM, 5-for-1 ADS), and Visa Inc. (V). The notes mature on expected April 6, 2028 but may be automatically called monthly from October 2026 through March 2028 if each underlier meets its initial level set on April 2, 2026. Coupons of $15.417 per $1,000 (1.5417% monthly; ~18.5% annualized) are payable on a coupon payment date only if each underlier is at or above 70% of its initial level on the related observation date. At maturity, if not called, the cash payment depends on the lesser performing underlier: full principal is returned if each final underlier level is ≥80% of initial; partial principal (reduced per formula) is paid if final levels fall between 70%–80%; and you may lose materially if any final level is <70%.

GS Finance Corp. priced Dual Directional Buffered PLUS linked to the S&P 500® Index due May 3, 2028. Each $1,000 Buffered PLUS offers 150% leveraged upside up to a cap (at least $1,201.00) and a 10.00% buffer against losses; losses beyond the buffer reduce principal 1% per 1% down, subject to a $100 minimum. Payments depend on the final index value on the valuation date and are unsecured obligations guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due April 29, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay cash at maturity based on the index return with a 100% upside participation rate and include annual automatic call features tied to rising index levels. Call observation dates begin April 26, 2027, with increasing call levels and corresponding capped call premiums. The index applies daily rebalancing, a 5% realized volatility control, and a 0.65% per annum deduction that may materially reduce index returns. GS&Co. is the initial calculation agent and market maker; estimated trade-date value is $850–$890 per $1,000 face amount.

GS Finance Corp. is offering Performance Leveraged Upside Securities (PLUS) linked to the S&P 500® Index with a 300% leverage factor and a stated principal amount of $1,000 per PLUS. Pricing is expected on or about April 16, 2026 with an original issue date of April 21, 2026 and a stated maturity of August 4, 2027. At maturity investors receive either the stated principal plus a leveraged upside payment (subject to a maximum payment of $1,162.00 per PLUS) if the final index value exceeds the initial index value, or a reduced principal equal to the index performance factor if the index declines. The offering is unsecured and payable in cash and is subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-protected structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with expected trade date April 30, 2026 and stated maturity expected to be May 5, 2031. Coupons of $15 per $1,000 (1.5% monthly) will be paid on a coupon payment date only if the index closing level on the related coupon observation date is at least 70% of the initial underlier level. Notes may be automatically called on observation dates beginning April 2027 through March 2031 if the index closes at or above the initial underlier level, in which case holders receive the face amount plus the coupon. The underlier applies a 6.0% per annum decrement, may use up to 500% leverage with a 100% cap on daily leverage change, and the estimated value at issuance is stated as $885 to $935 per $1,000 face amount.

GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, include an automatic call feature that would pay $1,100 per $1,000 if the underlier is at or above the initial level on the call observation date, and provide 200% upside participation above the initial underlier level. The notes include a 75% trigger buffer at maturity and may deliver less than principal if the S&P 500 falls below that level. Key dates: trade April 14, 2026, original issue April 17, 2026, call observation April 23, 2027, determination and maturity in April 2029.

GS Finance Corp. priced structured notes (face amount $1,456,000) linked to the S&P 500® Index. Each $1,000 note pays no interest and returns at maturity either a capped upside (150% participation up to a $1,235.50 maximum settlement) or principal protection only if the final index level is within a 15% buffer. If the index falls more than 15% from the initial level, investors lose proportionally up to a substantial portion of principal. The notes are senior debt of GS Finance Corp., unlisted, guaranteed by The Goldman Sachs Group, Inc., and subject to issuer/guarantor credit risk and model-driven pricing.

GS Finance Corp. offers $1,000 face-amount autocallable contingent coupon index-linked notes due April 24, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $6.875 per $1,000 (0.6875% monthly, up to 8.25% per annum) when each underlier is at or above a 70% trigger level. The notes are linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, feature an automatic call if all underliers are at or above their initial levels on a call observation date, and settle at maturity based solely on the lesser performing underlier. If the lesser performing underlier finishes below 70% of its initial level, principal is at risk and investors could lose up to their entire investment.

GS Finance Corp. offers structured, callable notes guaranteed by The Goldman Sachs Group, Inc., linked to the Class C shares of Alphabet, common shares of NVIDIA, Amazon and Bank of America. The notes have a $1,000 face amount per unit, expected trade date April 27, 2026, original issue date expected April 30, 2026 and stated maturity expected May 5, 2031. Coupon payments are monthly and are either the maximum $7.50 per $1,000 (0.75% monthly, up to 9% per annum) if each index stock closes at or above 80% of its initial price on an observation date, or the minimum $0.209 per $1,000 (0.0209% monthly, about 0.25% per annum) if any index stock closes below that trigger. Notes are automatically called if, on a call observation date, each index stock closes at or above its initial index stock price; automatic calls shorten the term and pay the face amount plus the coupon on the related call payment date. The estimated model value on the trade date is expected to be between $885 and $935 per $1,000 face amount. These notes expose investors to issuer and guarantor credit risk, limited anti-dilution protections, potential market-disruption timing rules and discretionary determinations by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. is offering $2,650,000 of autocallable index-linked notes due October 6, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, were priced at 100% of face on a trade date April 6, 2026 and may be automatically called beginning on April 3, 2028 if three equity indices each close at least 90% of their initial levels. If not called, the maturity cash payment is based on the performance of the lesser performing index, with a 75% trigger buffer and a capped maturity premium of 65.45%. Investors bear issuer and guarantor credit risk and potential principal loss if the lesser performing index declines substantially. The offering includes a structuring fee up to 0.15% and secondary-market liquidity is not guaranteed.

GS Finance Corp. priced leveraged notes linked to the VanEck Gold Miners ETF (ticker GDX) that mature on May 2, 2029 (expected). Each $1,000 note returns 125% of the ETF’s gain up to a cap level (124.8% of the initial level) and a maximum settlement of $1,310 per $1,000 face amount; if the ETF return is zero or negative, holders receive only the $1,000 face amount. The trade date, initial underlier level and exact aggregate issuance amount will be set on the trade date (expected April 27, 2026); the notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc. The pricing supplement discloses an estimated model value between $925 and $965 per $1,000 face amount and describes credit, market, liquidity, structure, foreign‑market and tax risks.

GS Finance Corp. priced callable, cash-settled notes linked to the DJIA, Nasdaq-100 and S&P 500. The notes have a 235% upside participation rate, a 65% trigger buffer and an aggregate face amount of $1,845,000. If automatically called on the call observation date, each $1,000 face amount pays $1,150. If not called, the maturity payoff depends solely on the lesser performing underlier and can result in a total loss of principal; the determination date is April 6, 2029 and stated maturity is April 13, 2029.

These notes pay no interest, are cash-settled, are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The offering includes an underwriting discount of 1% and net proceeds of 99% of face amount.

GS Finance Corp. is offering callable structured notes linked to the common stock of Advanced Micro Devices, Inc. (the "index stock"). Each note has a $1,000 face amount and pays a conditional coupon if the index stock closes at or above 65% of the initial index stock price on observation dates. Notes may be automatically called on specified observation dates; at maturity the cash settlement depends on the index stock return and a 35% buffer and a buffer rate of approximately 153.85%. The estimated value at pricing is $900–$930 per $1,000 face amount. Payments are subject to the credit of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style contingent coupon notes linked to an equally weighted 9‑stock basket. The notes have a face amount reference of $1,000 per note, an expected trade date of April 8, 2026, an expected original issue date of April 13, 2026, and an expected stated maturity of April 26, 2027. Coupons may be paid on scheduled coupon payment dates only if the basket closing level is at or above the coupon trigger level of 80% of the initial basket level; if a call observation date shows the basket at or above the initial level (100), the notes will be automatically called and holders will receive the face amount plus the coupon. At final maturity, if the final basket level is below the buffer level of 80%, the cash settlement is reduced by the buffer rate (125%) applied to losses beyond the 20% buffer. The estimated value at the trade date is $900–$930 per $1,000 face amount as set forth in the supplement.

GS Finance Corp. is offering S&P 500® Index-linked notes due 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount and do not pay interest. The initial underlier level will be set on April 10, 2026, the determination date is April 23, 2027, and the stated maturity date is April 28, 2027. At maturity the cash payment per $1,000 face amount depends on S&P 500 performance: gains are paid up to a $1,100 maximum upside settlement amount; declines that do not exceed a trigger buffer level of 78.3% of the initial level yield a positive payment equal to the absolute underlier return; declines below the trigger buffer level cause losses equal to the (negative) underlier return, and you could lose your entire investment. The original issue price is 100% of face amount, underwriting discount 1%, net proceeds 99%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, equity-linked notes tied to the common stocks of Advanced Micro Devices, Inc., Broadcom Inc. and Tesla, Inc.. The notes (expected trade date April 27, 2026) pay a monthly coupon that will be either $8.334 or $0.209 per $1,000 face amount depending on each index stock's closing price relative to its initial price (coupon trigger = 75% of initial price). Notes may be automatically called if each index stock's closing price on a call observation date is >= its initial price; expected stated maturity is May 5, 2031. The estimated value at pricing is noted as between $885 and $935 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and subject to issuer and guarantor credit risk; GS&Co. is the calculation agent with substantial discretion over price determinations and anti-dilution adjustments.

The Goldman Sachs Group, Inc. is offering fixed rate notes due April 21, 2031 with an expected interest rate of 4.625% per annum.

The notes are to be issued in U.S. dollars in denominations of $1,000, trade date is April 17, 2026 and original issue date is April 21, 2026. Interest will be paid each April 21 and October 21, using a 30/360 (ISDA) day count convention. The notes will not be listed and will be issued in book-entry form under a master global note (CUSIP 38151FY56). The issuer may terminate the proposed issuance if there is a significant adverse movement in its credit spread prior to the trade date, and investors who subscribe before the issuer’s upcoming earnings release may withdraw their orders before the trade date.

GS Finance Corp. filed a Capital Markets Structured Products Summary Supplement under Registration Statement No. 333-284538 describing medium-term notes, series and other notes whose payments are linked to one or more index stocks, indices or ETFs ("underliers"). The supplement dated April 7, 2026 (and an October 10, 2025 supplement) explains customized payoff structures (buffers, barriers, digital coupons, autocallable and snowball variants), principal‑return options subject to issuer and guarantor credit risk, and that the notes are unsecured debt of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc. The document warns investors of market, credit, liquidity and shareholder‑rights risks and states notes are not FDIC insured.

GS Finance Corp. is offering Trigger Autocallable Notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes can be automatically called quarterly beginning after 12 months; the autocall barrier is 100.00% of the initial index level and the downside threshold is 75.00% of the initial index level. The call return (set on the trade date) is based on a per annum rate between 8.00% and 8.80% and increases the longer the notes remain outstanding.

If automatically called, investors receive the face amount plus the applicable call return on the applicable call payment date. If not called, maturity is expected on April 14, 2031, and repayment at maturity is contingent: if the final index level is below the downside threshold, holders receive a reduced cash settlement that can result in a loss up to the full investment. Original issue price is 100.00% of face amount; estimated model value on the trade date is between $9.45 and $9.75 per $10 face amount. Minimum purchase is $1,000. These notes involve significant market and credit risk and may have little or no secondary market.

GS Finance Corp. proposes callable, principal-at-risk notes linked to Meta (Class A), Amazon and Tesla common stock prices. The notes pay a monthly path-dependent coupon (about 1.1667% per month, up to ~14% per annum in formulaic terms) only if each index stock meets a 50% threshold on observation dates. The notes may be automatically called if each stock equals or exceeds its initial price on a quarterly call observation date. At maturity (expected April 23, 2029), if a trigger event occurs (each stock below its initial price), redemption is based on the worst-performing stock and could return substantially less than principal; otherwise holders receive face amount and possibly a final coupon. Estimated model value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500® Index‑linked notes maturing expected to be July 3, 2031. The notes pay no interest; payment at maturity depends on the arithmetic‑averaged initial and final index levels over defined averaging periods. Key terms: face amount per note $1,000, original issue price 100% of face, estimated value at trade date $900–$930 per $1,000 face, cap level 142% of the initial underlier level, maximum settlement amount $1,542.50 per $1,000 face. Investors can lose a substantial portion of principal if the final averaged index level is below the 85% buffer level. The initial averaging period is expected April 6–July 6, 2026; trade date expected April 8, 2026; original issue date expected April 13, 2026. Credit risk is that of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2031. The notes will bear interest at 4.825% per annum from and including the original issue date (expected April 17, 2026) to but excluding the stated maturity date (expected April 7, 2031). Interest payments are expected annually on April 17, beginning April 17, 2027. The issuer may redeem the notes in whole, but not in part, on quarterly redemption dates on or after April 17, 2027, with at least five business days’ notice, at 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are new securities with no established trading market. Pricing, underwriting discounts, and final initial price to public will be set in the pricing supplement and may vary for certain investors.

GS Finance Corp. is offering Leveraged Buffered MSCI EAFE Index-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face‑amount note pays at maturity based on the MSCI EAFE index performance measured from April 10, 2026 to October 14, 2027. If the final index level rises, holders receive 200% of the upside subject to a $1,235 cap. If the final level is between 90% and 100% of the initial level, holders receive the face amount. If the final level falls below the 90% buffer, principal is reduced 1% for each 1% the index is below the buffer, exposing investors to substantial losses. The notes pay no interest and are subject to the issuer’s and guarantor’s credit risk, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers principal-at-risk notes linked to an equally weighted basket of nine common stocks. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer level of 80% (20% buffer), an expected call observation date of April 23, 2027 and an expected stated maturity date of April 13, 2028. If automatically called, each $1,000 face amount will pay at least $1,193; otherwise payout at maturity depends on the basket return and the buffer mechanics. The estimated value at pricing is expected between $900 and $930 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers principal-at-risk, non‑interest notes linked to an equally weighted five‑stock basket. The notes mature expected April 19, 2029 with a capped maturity premium of 51.3%. The notes are subject to automatic redemption on specified observation dates beginning April 16, 2027 (call premiums: 17.1% and 34.2%), a trigger buffer at 70% of the initial basket level, and estimated initial values of $925–$955 per $1,000 face amount on the trade date. Payment at maturity depends on the final basket level; losses occur if the final level falls below the trigger buffer. The notes are unsecured obligations subject to issuer and guarantor credit risk and include detailed anti‑dilution and market‑disruption provisions.

GS Finance Corp. offers callable, equity‑linked medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon that is either $8.334 (maximum) or $0.209 (minimum) per $1,000 face amount depending on the closing prices of four index stocks versus pre-set trigger levels. The notes may be automatically called if, on any call observation date, each index stock closes at or above 95% of its initial price; coupon trigger is 70% of each initial price. Trade date and expected original issue date are set around April 27, 2026 and April 30, 2026, with a stated maturity expected on May 5, 2031.

GS Finance Corp. offers $1,000-face Autocallable Contingent Coupon Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.084 per $1,000 (1.0084% monthly, up to ~12.10% per annum) only if each underlier is at or above 70% of its initial level on the coupon observation date. The notes are automatically called on a call payment date if every underlier is at or above its initial level on the related call observation date; maturity cash settlement (per $1,000) depends solely on the lesser performing underlier versus a 60% trigger buffer and can result in a total loss of principal. Trade date: April 20, 2026; original issue date: April 23, 2026; stated maturity date: April 24, 2031.

GS Finance Corp. offers $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is linked to the S&P 500® performance measured from an initial level set on April 10, 2026 to a determination date on April 10, 2028 and will be paid on the stated maturity date of April 13, 2028.

The notes pay no interest. They include a 20% buffer (buffer level = 80% of the initial level) and a buffer rate of 125%. If the final index level is at or above the initial level you receive the index return up to a maximum upside settlement amount of at least $1,206 per $1,000 face. If the final level declines but not beyond the buffer you receive the absolute decline as a positive return; if the final level declines beyond the buffer you incur a leveraged loss calculated using the buffer rate and could lose your entire investment. The original issue price is 100% of face, underwriting discount is 1.5% of face and net proceeds to the issuer are 98.5% of face.

GS Finance Corp. offers structured, non-interest-bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of eight stocks, have an expected trade date of April 14, 2026, an expected call observation date of April 23, 2027 and an expected stated maturity date of April 13, 2028. The notes pay no interest; payments depend on the basket's closing level on the call observation date or the determination date and include an upside participation rate of 125%, a buffer amount of 15% (buffer level = 85%) and a buffer rate of approximately 117.65%. If automatically called, the minimum call payment is $1,194.70 per $1,000 face amount. The issuer sets initial basket stock prices on April 10, 2026; the estimated value at terms-setting is between $900 and $930 per $1,000 face amount. Payments are unsecured and subject to the issuer and guarantor credit risk and to calculation agent determinations by Goldman Sachs & Co. LLC.

GS Finance Corp. offers callable 10-Year CMT rate‑linked range accrual notes guaranteed by The Goldman Sachs Group, Inc., with monthly interest payments expected to commence May 24, 2026 and a stated maturity expected April 24, 2031. Interest for each monthly period equals 8.75% multiplied by the fraction of reference dates during the period on which the 10‑year CMT rate is ≤ 4.80%. The issuer may redeem the notes at 100% of face plus accrued interest on any monthly interest payment date on or after April 24, 2027. The estimated value on the trade date is expected to be between $920 and $970 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering Buffered S&P 500® Index‑Linked Notes due 2028, 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® performance from the trade date to the determination date. Key terms set on the trade date include a $1,000 face amount per note, a 15% buffer (buffer level = 85% of the initial underlier), a buffer rate of 100%, and a capped maximum settlement amount of $1,277.50 per $1,000 face amount. Trade date is April 21, 2026, original issue date is April 24, 2026, determination date is April 21, 2028 and stated maturity date is April 26, 2028. The pricing supplement emphasizes credit risk of the issuer and guarantor, the limited upside due to the cap, the potential for substantial principal loss if the underlier declines beyond the buffer, uncertain U.S. tax treatment, and limited liquidity because the notes will not be listed.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due April 21, 2033 with an indicated coupon of 4.85% per annum. The notes are U.S. dollar denominated, issued in denominations of $1,000, and are expected to trade on April 17, 2026

Interest accrues from the original issue date April 21, 2026 and is payable semiannually on the 21st of April and October. The offering will be sold by Goldman Sachs & Co. LLC in an underwriting and may be distributed in market-making resales thereafter. The notes will be unlisted and issued in book-entry form under a master global note (DTC). The pricing supplement incorporates the accompanying prospectus and prospectus supplement and preserves issuer consent rights relating to credit spread movements prior to the trade date.

GS Finance Corp. prices contingent income buffered auto-callable notes — GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal‑at‑risk securities linked to the Class A common stock of Vertiv Holdings Co. The notes pay a contingent quarterly coupon formula of $33.75 increments and include a 50.00% buffer, a downside factor of 2.00, call features commencing July 9, 2026, and a stated maturity date expected to be April 12, 2030.

The estimated value range at pricing is $895 to $955 per $1,000 principal amount; the original issue price is 100.00% with a 2.50% underwriting discount. Investors face credit risk of the issuer and guarantor, automatic early redemption risk, no participation in upside beyond coupons, and potential loss of principal if the final share price is below the buffer.

GS Finance Corp. offers non‑interest bearing, basket‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and link payoff to an equally weighted basket of Bank of America, Citigroup and Wells Fargo. Expected trade date is April 16, 2026, original issue date is April 21, 2026, the determination date is expected to be April 22, 2027, and the stated maturity is expected to be April 27, 2027. If the final basket level is at or above the initial level (100), holders receive a capped $1,232.5 per $1,000 face amount; if below, holders receive $1,000 plus $1,000 times the basket return (which can result in a total loss). The estimated value at pricing is between $925 and $955 per $1,000 face amount. Underwriting discount is 2% (net proceeds 98%). GS&Co. is the calculation agent and may exercise broad discretion over pricing, anti‑dilution adjustments, determination‑date postponements and related determinations; notes are subject to issuer/guarantor credit risk and limited upside because of the capped payout.

GS Finance Corp. is offering non-interest-bearing structured notes linked to the Class A common stock of CrowdStrike Holdings, Inc., with The Goldman Sachs Group, Inc. as guarantor. The notes include an automatic call feature (call observation date expected April 23, 2027) that would pay at least $1,257.50 per $1,000 face amount if triggered.

If not called, the cash payment at maturity (stated maturity expected April 13, 2028) will depend on the percentage change in the final index stock price from the initial index stock price (set on April 10, 2026). Key terms include a threshold settlement amount of $1,515, an upside participation rate of 100%, and a buffer level of 75% (buffer rate approximately 133.33%), meaning losses above the buffer can materially reduce principal. The estimated model value on the trade date is between $900 and $930 per $1,000 face amount.

The Goldman Sachs Group, Inc. offers callable fixed rate notes paying 5.65% per annum, expected to be issued on April 17, 2026 with an expected stated maturity of April 5, 2041. Interest is payable annually on each April 17, beginning April 17, 2027. The issuer may redeem the notes in whole, not in part, on scheduled quarterly redemption dates beginning on or after October 17, 2028, 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 as a master global note through DTC and are a new issue with no established trading market. FATCA withholding will generally apply.

GS Finance Corp. offers Leveraged Buffered S&P 500® Index‑Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on S&P 500 performance from the trade date to the determination date. Key economic terms include a 125% upside participation rate, a $1,200 maximum settlement amount, a 15% buffer (buffer level 85%), trade date April 9, 2026, original issue date April 14, 2026, determination date October 11, 2027 and stated maturity October 14, 2027. The notes are senior debt under the GSFC 2008 indenture, are payable in cash only, and expose holders to issuer/guarantor credit risk, limited upside due to the cap, and potential loss of principal if the S&P 500 falls below the buffer level.