Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering two separate tranches of Leveraged Buffered Index-Linked Notes guaranteed by The Goldman Sachs Group, Inc., each linked to a single index (the S&P 500® or the Russell 2000®). Each note pays no interest and the cash payment at maturity (per $1,000 face amount) is determined by the index return from the trade date (expected April 27, 2026) to the determination date and is subject to an upside participation rate, a 10% buffer and a maximum settlement amount. Key terms set on the trade date include: S&P 500 tranche — 200% participation, buffer 10% (90% buffer level), maximum settlement $1,250, determination date October 27, 2028, stated maturity November 1, 2028; Russell 2000 tranche — 110% participation, buffer 10%, maximum settlement $1,240, determination date October 27, 2027, stated maturity November 1, 2027. The estimated initial value ranges are $925–$965 per $1,000 face amount for each tranche; the original issue price is expected to be 100% of face amount (final issue price and underwriting discounts to be set on the trade date). The notes are subject to the issuer's and guarantor's credit risk and potential loss of principal if the final index level falls below the buffer level.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000 per note, a 70% buffer (buffer amount 30%), and a capped maximum settlement amount of at least $1,080.00. Trade date is April 30, 2026, original issue date May 5, 2026, determination date May 3, 2027 and stated maturity date May 6, 2027. At maturity the cash payment per $1,000 depends on the S&P 500® Index performance: full face amount if the final level is down no more than the 30% buffer, capped upside if the index rises above the initial level (cash payment limited by the maximum settlement amount), and material principal loss if the final level is below the buffer. The notes do not pay interest and are subject to issuer/guarantor credit risk, limited secondary-market liquidity, and special U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. is offering callable, equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference four stocks: Charles Schwab, Citigroup, AMD and Tesla, with monthly coupon triggers at 80% of each stock's initial price and an automatic call at 90%. The trade date is expected to be April 15, 2026, original issue date expected April 20, 2026, and stated maturity expected April 20, 2033. Coupons accrue at $6.417 per $1,000 per month (0.6417% monthly, up to approximately 7.7% per annum) but are paid only if every index stock closes at or above its coupon trigger on an observation date. Estimated model value on the trade date is between $885 and $925 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering an Auto-Callable Buffered PLUS linked to a weighted basket of five international equity indices with an initial basket value of 100. The notes may be automatically called on the call observation date for a fixed cash payment of at least $1,147.50 per $1,000 principal. If not called, maturity payoffs depend on the final basket value: investors receive principal plus a 200.00% leveraged upside on positive basket returns, full principal if the basket decline is within a 10.00% buffer, or a loss proportional to declines beyond the buffer subject to a minimum payment of $100.00 per security. The pricing date is expected on or about April 7, 2026 with original issue date expected April 10, 2026. Estimated model value at pricing is $915 to $975 per $1,000; original issue price equals stated principal amount with an underwriting discount of 1.25%.

GS Finance Corp. is offering structured, auto-callable notes linked to the common stock of Advanced Micro Devices, Inc., UnitedHealth Group Incorporated, Tesla, Inc. and NVIDIA Corporation. Notes mature on May 5, 2031 (expected) unless automatically called on observation dates beginning in April 2027. Monthly coupon per $1,000 face will be either a maximum $9.459 or a minimum $0.209 depending on whether each index stock meets a coupon trigger of 77.5% of its initial price; automatic redemption occurs if all index stocks are at or above their initial prices on a call observation date. The trade date is expected to be April 27, 2026; the estimated value at pricing is expected to be between $885 and $935 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and to the calculation agent’s discretionary determinations, including anti-dilution adjustments and postponed observation dates for market disruptions.

GS Finance Corp. priced a capped, non‑interest paying note linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a $1,000 face amount per note, an original issue price 100%, and a stated maturity date of April 8, 2031. The issuer may automatically call the notes on specified monthly call observation dates beginning January 4, 2027, if the underlier closes at least at 85% of the initial level (initial underlier: 394.74).

If called, holders receive $1,000 plus a date‑specific call premium (listed for each call date). If not called, maturity payoffs depend on the underlier return subject to a 98.754% maturity cap and a 60% trigger buffer. The underlier applies up to 500% leverage, a daily 6.0% per annum decrement, and caps on daily leverage change; these features can magnify losses and limit upside. The estimated value at pricing was approximately $967 per $1,000 face amount.

GS Finance Corp. offers structured, autocallable contingent coupon notes guaranteed by The Goldman Sachs Group, Inc. The preliminary prospectus supplement describes notes linked to the common stocks of Apple, Amazon and Tesla with monthly coupon observation dates expected from May 2026 through April 2029 and an expected stated maturity of May 3, 2029. Coupons of $14.584 per $1,000 (1.4584% monthly, ~17.5% per annum) are payable only if each index stock meets a coupon trigger (70% of its initial price) on the monthly observation date. Notes are automatically called on quarterly call observation dates if each index stock is at or above its initial price; otherwise, principal at maturity depends on whether a trigger event (all final prices below initial prices) occurs and on the lesser performing index stock. The estimated initial value is between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and settle in cash on April 10, 2031 based on S&P 500 performance measured from an initial level of 6,575.32 (set April 1, 2026).

Key economic terms: buffer 30% (buffer level 70%), buffer rate 100%, and a maximum settlement amount of $1,870 per $1,000 face. If the final index level is ≥ the initial level you receive the index return capped at the maximum; if decline ≤30% you receive principal; if decline >30% you suffer proportional losses.

GS Finance Corp. launches a contingent automatic‑call structured note linked to GOOG, META and NVDA. The notes have a stated maturity expected to be May 5, 2031 and an automatic call feature expected on April 27, 2028 if each index stock closes at least 90% of its initial price. If automatically called, holders would receive at least $1,260 per $1,000 face amount on the call payment date; if not called, the maturity payout is tied to 1.25× the lesser performing index stock return (subject to a floor of the face amount). The estimated value on the trade date is between $885 and $935 per $1,000 face amount; the issuer and The Goldman Sachs Group, Inc. remain credit counterparties and guarantor.

GS Finance Corp. is offering auto-callable, contingent monthly-coupon notes linked to the common stock of Intel Corporation. The pricing supplement shows an aggregate face amount of $1,161,000 and a face amount basis of $1,000 per note; payments and coupons are subject to the automatic call feature.

The notes pay a contingent monthly coupon only if the underlying closing level on an observation date is at or above a coupon trigger level of 60% of the initial underlier level. At maturity (if not called), cash settlement depends on the final underlier level relative to a trigger buffer level of 50% and the initial underlier level of $48.03. 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 and guarantor credit risk.

GS Finance Corp. offers principal-at-risk notes linked to the S&P 500® Futures Excess Return Index. The notes have an aggregate face amount of $670,000, a 213.5% upside participation rate, a 30% trigger buffer (trigger buffer level 70% of initial), and a stated maturity on April 6, 2032. If the final underlier level is above the initial level you receive the upside participation times the underlier return plus face amount; if the final level is at or above the 70% trigger buffer you receive the face amount; below the trigger buffer you suffer proportional losses (you could lose your entire investment). The notes pay no interest and are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers notes linked to a weighted basket of global equity indices and an ETF with automatic call features and a capped maturity payoff. The notes mature on April 2, 2029 (determination date March 27, 2029) and pay either a capped premium or a principal adjusted by the basket return.

Key terms: aggregate face amount $955,000, original issue price 100%, underwriting discount 2.25%, estimated value at issuance approximately $950 per $1,000 face amount, and a maturity premium of 34.5%. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. priced an offering of index-linked notes due April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The initial aggregate face amount was $1,425,000 and the original issue price was 100% of face amount with a 1% underwriting discount (net proceeds 99%). The notes pay no interest and the cash settlement at maturity is linked to the lesser performing of the MSCI EAFE Index (initial level 2,838.61) and the STOXX® Europe 600 Index (initial level 583.14). If both indices are flat or positive at the determination date, holders participate at a 220% upside participation rate in the lesser performing index return. A protective buffer preserves principal if both final index levels are ≥60% of their initial levels; if the lesser performing index falls below 60% of its initial level, holders suffer a loss equal to that index return applied to the face amount. The estimated value on the trade date was approximately $971 per $1,000 face. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited secondary-market liquidity.

GS Finance Corp. priced index-linked notes due April 3, 2031 (aggregate face amount $432,000) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the maturity payoff per $1,000 face is linked to the lesser performing of the MSCI EAFE Index (initial level 2,838.61) and the STOXX® Europe 600 Index (initial level 583.14), measured from the trade date March 31, 2026 to the determination date March 31, 2031. If both index returns are ≥0% you receive $1,000 plus 225% of the lesser index return; if either index return is negative but ≥-30% you receive $1,000; if the lesser index return is < -30% you receive $1,000 multiplied by (1 + lesser index return), which can result in a loss of principal. The estimated value on the trade date is approximately $966 per $1,000 face; original issue price is 100% (underwriting discount 1%).

GS Finance Corp. is offering autocallable index-linked notes due April 22, 2031, fully guaranteed by The Goldman Sachs Group, Inc.. Payments depend on the performance of the worst-performing underlier (DJIA, Russell 2000, S&P 500). The notes include quarterly automatic-call opportunities with graduated call premiums and a capped maturity payout (52.50) and a 70 trigger buffer level.

The notes do not pay interest, are cash‑settled, and expose holders to issuer/guarantor credit risk; purchase price may exceed model value and secondary market liquidity is uncertain.

GS Finance Corp. is offering structured, principal-at-risk notes linked to the S&P 500® Index with an aggregate face amount of $1,489,000. Each $1,000 note does not pay interest and returns at maturity depend on the index performance versus the initial level.

If the final underlier level exceeds the initial level, holders receive 200% upside participation in the index return but payments are capped at a maximum settlement amount of $1,205 per $1,000 face. If the final level is between 90% and 100% of the initial level, holders receive the face amount. If the final level is below 90% of the initial level, principal is reduced proportionally and losses can be substantial. Trade date is March 31, 2026 with stated maturity on April 5, 2028, subject to adjustment.

GS Finance Corp. is offering callable, cash-settled structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). The notes have an aggregate face amount of $216,000, an upside participation rate of 300% and an automatic call feature that pays $1,080 per $1,000 if the index closes at or above the initial level on the call observation date. If not called, maturity payoff depends on index performance with principal returned when the final index level is at or below the initial level. The notes do not pay interest, expose holders to issuer and guarantor credit risk, and include a 0.65% per annum index-level deduction and volatility/momentum controls that can allocate large exposure to hypothetical cash positions. The estimated trade-date value was $942 per $1,000 and the underwriting discount is 1.25%.

GS Finance Corp. priced medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the iShares MSCI EAFE ETF ("EFA"). For each $1,000 face amount, at maturity you receive $1,000 if the final underlier level is equal to or below the initial level; if the final level is higher you receive $1,000 plus the underlier return, capped at a maximum settlement amount of $1,550. The notes pay no periodic interest. Key dates: trade date March 31, 2026, original issue date April 6, 2026, determination date April 1, 2030, stated maturity date April 4, 2030. The pricing supplement discloses an underwriting discount of 1% and a comparable yield for U.S. tax accrual purposes of 4.6337% with a projected payment at maturity of $1,203.96 per $1,000 for tax accruals.

The issuer, GS Finance Corp., is offering principal-at-risk, ETF-linked notes linked to the iSharesMSCI EAFE ETF ("EFA"), with an aggregate face amount of $399,000. Each $1,000 note pays at maturity either (1) $1,000 plus 110.5% of the underlier return if the final level is above the initial level, (2) the $1,000 face amount if the final level is at or above 70% of the initial level (the buffer), or (3) a reduced cash payment that declines dollar-for-dollar below the buffer, exposing holders to substantial principal loss. Trade date is March 31, 2026, original issue date April 6, 2026, and stated maturity is April 3, 2031. The notes pay no interest, are unsecured senior obligations of GS Finance Corp., and are unconditionally guaranteed by The Goldman Sachs Group, Inc. The original issue price equals 100% of face and includes a 0.5% underwriting discount; estimated model value at issuance is lower than the issue price. Investors bear issuer/guarantor credit risk, market and tracking risks of the underlier, foreign- and currency-related risks, potential tax uncertainty (including Section 1260), and limited secondary-market liquidity.

GS Finance Corp. is offering contingent monthly coupon, autocallable notes linked to the common stock of Broadcom Inc. (Bloomberg: AVGO UW). Each $1,000 face amount pays a monthly contingent coupon of $11.709 if the underlier closes at or above 55% of the initial level on the related observation date. The notes will be automatically called if the underlier closes at or above the initial level on any call observation date, in which case holders receive $1,000 plus any coupon then due. At stated maturity, if the notes have not been called, cash settlement equals $1,000 if the final underlier level is at or above 55% of the initial level; otherwise the cash payment equals $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal. The notes are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are exposed to issuer/guarantor credit risk, market-value volatility, limited liquidity, pricing discounts relative to estimated model value, and uncertain U.S. federal income tax treatment.

GS Finance Corp. priced $440,000 of Vanguard Value ETF‑linked notes due April 4, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is tied to the Vanguard Value ETF (initial level $196.20 on trade date March 31, 2026). At maturity holders receive $1,000 if the ETF return is zero or negative; if positive they receive $1,000 plus the ETF return up to a capped maximum settlement amount of $1,417.50 per $1,000 face amount (cap = 141.75% of initial level). Issue price is 100% (original issue date April 6, 2026); underwriting discount 1% (net proceeds 99%). Estimated value at pricing was approximately $978 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and special U.S. tax treatment for contingent payment debt instruments.

GS Finance Corp. offers contingent‑coupon notes linked to UnitedHealth Group common stock (UNH). Each $1,000 note pays a monthly contingent coupon of $11.292 if the underlier closes at or above 68% of the initial level on the observation date, and will be automatically called if UNH closes at or above the initial level on a call observation date. If not called, maturity settlement on May 5, 2027 depends on the final underlier level: investors receive $1,000 if the final level is ≥68% (including up to full principal if ≥100%), but will suffer proportional losses if the final level is below 68%, including a potential total loss of principal. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., issued at 100% of face amount with a 2.15% underwriting discount. Trade date: March 31, 2026; initial underlier level: $270.59.

GS Finance Corp. priced an Auto-Callable Trigger PLUS linked to the Russell 2000® Index. The aggregate original stated principal amount is $3,271,000 and the securities pay a fixed $1,142 per $1,000 if automatically called on the call observation date. If not called, maturity payoffs depend on the final index value: upside participation equals 125.00% of any positive index return, full principal is preserved down to an 80.00% downside threshold (1,997.0992 initial-index-equivalent), and below that investors suffer pro rata losses. The estimated value at pricing was approximately $954 per $1,000 and the original issue price equals 100.00% of principal. These are unsecured notes of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk.

GS Finance Corp. is offering Market Linked Securities — Auto-Callable with Fixed Percentage Buffered Downside linked to the State Street® SPDR® S&P® Biotech ETF due April 5, 2029. The securities have a face amount of $1,000 per security and were priced at $1,000 with an estimated model value of approximately $955 per $1,000 face amount on the pricing date. The notes are automatically callable on specified call dates if the fund closing price is at or above a threshold equal to 85.00% of the starting price, providing fixed call premiums (8.00% to 24.00% by the final call) but only a 15.00% downside buffer; investors have 1-to-1 downside beyond the buffer and may lose up to 85.00% of principal. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured, autocallable notes linked to the common stocks of Palantir Technologies Inc., NVIDIA Corporation and Oracle Corporation. The notes have an expected trade date of April 9, 2026, an expected original issue date of April 14, 2026, and an expected stated maturity date of April 13, 2028. Coupons may pay monthly if each index stock meets a 50% threshold on monthly observation dates; the monthly coupon increment is $15.042 per $1,000 face amount (about 1.5042% monthly, or ~18.05% per annum potential). The notes are automatically called if, on a call observation date, each index stock is greater than or equal to its initial price. At maturity, if a "trigger event" (all final prices below initial prices) occurs, the cash settlement is linked to the lesser performing stock return and could result in a loss of principal. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering leveraged, buffered, STOXX® Europe 600 index-linked notes due April 10, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the STOXX Europe 600 performance from the trade date (expected April 7, 2026) to the determination date (expected April 7, 2031). For each $1,000 face amount, investors receive $1,000 at maturity if the underlier declines up to 20%; above the initial level they receive 1.689 times the index return; below the 80% buffer they lose 1.25% of face for every 1% decline below 80%. Estimated value at pricing is $850–$880 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and complex tax treatment.

GS Finance Corp. offers 5-year indexed notes linked to the S&P 500® Futures Excess Return Index, with a 157% upside participation rate and a 30% buffer (70% buffer level). The notes pay no interest and settle in cash at maturity based on the underlier return from the trade date to the determination date. For each $1,000 face amount, if the final underlier level exceeds the initial level, you receive $1,000 plus participation of 157% of the underlier return. If the final level is between 100% and 70% of the initial level you receive the face amount. If the final level is below 70% you bear losses equal to 1% of face for each 1% the final level is below the buffer level; substantial principal loss is possible. Trade date: March 31, 2026; stated maturity date: April 3, 2031. Aggregate face amount initially offered: $4,012,000. Original issue price: 100% of face; underwriting discount 1.125%.

GS Finance Corp. is offering callable S&P 500® Index‑linked notes due April 7, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an initial underlier level of 6,528.52, a 150% upside participation rate and an 85% buffer level. Holders receive either a leveraged upside, face amount protection if the final index is ≥85% of the initial level, or a reduced cash payment if the final index is below 85%. The issuer may redeem the notes on specified monthly call dates beginning April 2027 at fixed call premium amounts. The estimated value on the trade date was approximately $958 per $1,000 face amount; original issue price is 100%.

GS Finance Corp. offers callable S&P 500® Futures Excess Return Index-linked notes due April 7, 2031 guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount on the original issue date is $3,789,000 with an original issue price of 100% of face amount.

Key terms: trade date March 31, 2026, initial underlier level 527.35, upside participation rate 200%, trigger buffer level 60%, determination date March 24, 2031, estimated value ≈ $971 per $1,000 face amount.

GS Finance Corp. offers principal-protected, index-linked notes linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no periodic interest and matures on April 3, 2031 (determination date March 31, 2031). If the final index level is greater than the initial level, the cash payment at maturity equals $1,000 + ($1,000 × 127% × index return); if the final level is equal to or less than the initial level, you receive the $1,000 face amount. The offering size listed is $1,512,000 aggregate face amount; original issue price is 100% of face, underwriting discount 1.125%, net proceeds 98.875%. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes; the issuer’s comparable yield is 4.7687% and the issuer’s projected payment at maturity is $1,269.48 per $1,000 for tax accruals.

GS Finance Corp. is offering medium-term notes linked to the S&P 500® Index that mature in April 2031 and are fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; holders receive either the face amount at maturity if the underlier return is zero or negative, or $1,000 plus the underlier return subject to a $1,440 maximum settlement amount. The notes pay no interest, are not bank deposits, and are subject to issuer and guarantor credit risk. The trade date is March 31, 2026, original issue date is April 6, 2026, and the determination date is March 31, 2031. The pricing shows an original issue price of 100% of face amount, an underwriting discount of 1.125%, and net proceeds to the issuer of 98.875%. The issuer reports a comparable yield for tax accrual purposes of 4.7687% per annum.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly-coupon, auto-callable notes linked to the common stock of NVIDIA Corporation ("NVDA"). The notes pay a conditional monthly coupon of $13.334 per $1,000 (1.3334% monthly, up to ~16.00% per annum) when the underlier is at or above a 60% coupon trigger on observation dates. The notes are automatically called if the underlier equals or exceeds the initial level of $174.40 on any call observation date. At maturity, if not called, cash settlement is $1,000 if the final underlier level is at or above 60% of the initial level; otherwise the cash payment equals $1,000 × underlier return, which could result in a total loss of principal. The trade date is March 31, 2026, original issue date April 6, 2026, and stated maturity April 5, 2029. The aggregate initial face amount shown is $1,967,000.

GS Finance Corp. priced structured notes linked to the Russell 2000® Index with $270,000 aggregate face amount. Each $1,000 note pays at maturity either the face amount or a cash payment equal to $1,000 plus the underlier return, capped at a $1,462 maximum settlement amount. The notes pay no periodic interest, trade date is March 31, 2026, original issue date April 6, 2026, and the determination and stated maturity dates are in April 2030. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are treated for U.S. federal income tax purposes as contingent payment debt instruments with a comparable yield of 4.6337%.

GS Finance Corp. is offering structured, EURO STOXX 50®-linked notes with an aggregate face amount of $786,000. Each $1,000 face amount note pays no interest and returns at maturity either (a) $1,000 plus 160% participation of any positive index return, (b) the face amount if the final index level is ≥ 75% (buffer level) of the initial level, or (c) a reduced cash amount if the final level is below the buffer, resulting in proportional principal loss. The notes trade on Trade Date: March 31, 2026, have Original Issue Price 100%, and mature on Stated Maturity Date: April 3, 2031. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer and guarantor credit risk.

GS Finance Corp. offers EURO STOXX 50®-linked, cash-settled notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the EURO STOXX 50® performance from the trade date to the determination date, with a 90% buffer level and a capped maximum settlement amount of $1,123 per $1,000 face. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face for every 1% decline below the buffer; investors may lose their entire investment. The notes were issued at 100% of face with a 1% underwriting discount.

GS Finance Corp. offers $1,433,000 aggregate face amount of contingent monthly coupon, autocallable notes guaranteed by The Goldman Sachs Group, Inc., with maturity April 5, 2029 and determination date April 2, 2029. Coupon payments of $8.334 per $1,000 may be paid monthly if each underlier meets a 70% trigger. At maturity (if not called) cash settlement is based solely on the lesser performing underlier; if that underlier is below 70% of its initial level you can lose a substantial portion or the entirety of principal. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indexes, carry a 1% underwriting discount, and were priced on March 31, 2026.

The issuer, GS Finance Corp., is offering structured, cash‑settled notes linked to the S&P 500® Index with an aggregate face amount of $2,745,000. Each $1,000 face amount pays at maturity either (1) a capped upside (125% participation, maximum settlement $1,261.50), (2) the face amount if the final index level is >= 80% of the initial level, or (3) a leveraged loss if the final index level is < 80% (losing 1.25% of face per 1% index decline below the 80% buffer). The notes pay no interest, are fully guaranteed by The Goldman Sachs Group, Inc., and mature in 2028 with key dates tied to the trade date (3/31/2026), original issue date (4/6/2026), determination date (3/31/2028), and stated maturity (4/5/2028).

The offered notes are senior, cash-settled, S&P 500®-linked notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. The issuer will pay for each $1,000 face amount either $1,000 (if the final underlier level is equal to or less than the initial level) or $1,000 plus the underlier return subject to a maximum settlement amount of $1,127.50. The notes pay no interest, have an original issue price of 100% (net proceeds 99.5% after a 0.5% underwriting fee), and reference an initial S&P 500 level of 6,528.52. Trade date is March 31, 2026, original issue date April 6, 2026, determination date March 31, 2028, and stated maturity date April 5, 2028. The pricing supplement discloses that the original issue price exceeds model-estimated value, investors bear issuer/guarantor credit risk, market liquidity is not assured, and U.S. federal tax rules treat the notes as contingent payment debt instruments with a comparable yield of 4.4504% and a projected maturity payment of $1,093.35 on a $1,000 investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non-interest bearing indexed notes linked to the S&P 500® Index with an expected trade date of April 2, 2026 and an expected stated maturity of April 4, 2031. The initial and final index levels will be arithmetic averages measured over specified initial and final averaging periods. Payouts vary by final index performance: tiered positive payoffs above 100% of the initial level with enhanced gearing in specified ranges, and full downside exposure—losing 1% of face for each 1% index decline below the initial level, up to complete loss of principal. Key numeric terms: face amount $10, cap level 182.00%, maximum settlement amount $21.85, upper contingent payment $15.76, lower contingent payment $12.56, upper/intermediate/lower upside gearing 1.45/4.00/0.80. The estimated model value at pricing is between $9.65 and $9.95 per $10 face; original issue price is 100% of face. Payments are cash-settled; GS&Co. is calculation agent and may exercise discretionary adjustments. The notes bear issuer and guarantor credit risk and are not FDIC insured.

GS Finance Corp. is offering structured, cash‑settled notes linked to the S&P 500® Index with an aggregate face amount of $2,311,000. The notes do not pay interest, carry a 100% upside participation rate, and include an automatic call on the call payment date that pays $1,050 per $1,000 if the underlier is at or above the initial level on the call observation date. The notes are guaranteed by The Goldman Sachs Group, Inc. and mature on April 9, 2029 unless automatically called earlier.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly-coupon, autocallable medium-term notes linked to the S&P 500 Index. The aggregate face amount is $5,065,000, each $1,000 face amount pays a contingent quarterly coupon of $24.75 (2.475% quarterly, up to 9.90% per annum) if the underlier is at or above 75% of the initial level on observation dates. The notes will be automatically called if the S&P 500 closing level on a call observation date is greater than or equal to the initial underlier level of 6,528.52, in which case holders receive par plus any coupon then due. If not called, maturity cash settlement depends on final performance of the S&P 500: if the final level is below 75% of the initial level, principal is reduced in proportion to the underlier return; investors could lose their entire investment.

GS Finance Corp. offers structured notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $618,000. The notes pay no interest, can be automatically called early, and provide an upside participation rate of 200% linked to the lesser performing underlier.

If not called, the cash settlement at maturity on April 6, 2029 is based solely on the lesser performing underlier (MSCI EAFE and EURO STOXX 50), with a trigger buffer at 50% of the initial level and examples showing possible losses up to 100% of principal. The notes were priced on the trade date March 31, 2026 and have an original issue price of 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering auto-callable, buffered principal-at-risk notes linked to the iShares® MSCI Brazil ETF with expected original issue date April 10, 2026 and stated maturity April 12, 2029. The securities pay a fixed call payment of $1,160.00 per $1,000 if the ETF closes at or above the initial ETF price on the call observation date (expected April 14, 2027), otherwise payoff at maturity depends on ETF performance with a 200.00% leveraged upside, a buffer of at least 16.75%, and a minimum payment at maturity of at least $167.50 per $1,000.

The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., carry issuer and guarantor credit risk, have an estimated value range of $905 to $965 per $1,000 at pricing, and include an underwriting discount of 1.25% and a selling concession of $12.50 per security.

GS Finance Corp. is offering indexed, principal-at-risk notes with an aggregate face amount of $5,682,000. The notes pay a contingent monthly coupon of $9.167 per $1,000 (0.9167% monthly, up to approximately 11.00% per annum) only when each underlier meets its coupon trigger on an observation date. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, carry coupon trigger levels at 70% of each initial level and trigger buffer levels at 60%. If not redeemed, the cash settlement at maturity (stated maturity April 6, 2029) will be based solely on the lesser performing underlier and can result in a loss of up to your entire investment. The issuer may redeem the notes on coupon payment dates beginning in October 2026 through March 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, autocallable notes tied to four individual stocks with a stated maturity of April 7, 2031. Payments depend on monthly observation tests commencing April 2026; notes auto‑call if each index stock closes at or above its initial price on a call observation date. Coupons per $1,000 face amount are either a maximum $8.792 (0.8792% monthly, ~10.55% p.a.) or a minimum $0.209 (0.0209% monthly, ~0.25% p.a.), determined by whether each index stock is at least 80% of its initial price on the relevant observation date. The estimated model value on the trade date was approximately $952 per $1,000 face amount; original issue price is 100%. The offering carries issuer and guarantor credit risk and limited anti‑dilution protections; GS&Co. acts as calculation agent with discretionary powers affecting coupon determination and call timing.

GS Finance Corp. is offering Leveraged Callable Dow Jones Industrial Average®-Linked Notes due April 3, 2031 guaranteed by The Goldman Sachs Group, Inc. The aggregate original face amount shown is $1,719,000, issued at 100% of face on April 6, 2026. The notes do not pay interest, may be called on specified quarterly call payment dates beginning April 5, 2027, and pay at maturity either the face amount or, if the final DJIA level exceeds the initial level of 46,341.51, a leveraged upside equal to 1.1265 times the index return per $1,000 face. The estimated model value on the trade date was approximately $970 per $1,000 face; underwriting discount is 2.5%.

GS Finance Corp. offers Market Linked Securities, equity-index-linked medium-term notes due April 5, 2032, guaranteed by The Goldman Sachs Group, Inc. The offering comprises securities with a $1,000 face amount each and an aggregate original offering face amount of $2,153,000. The securities are linked to the MSCI EAFE Index, provide 150% upside participation subject to a 115.00% cap (maximum maturity payment $2,150 per $1,000 face), and include a 30% threshold below which holders have 1-to-1 downside exposure and may lose up to 100% of principal. The estimated value on the pricing date was approximately $933 per $1,000 face amount; the original offering price was $1,000. All payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; no periodic interest is payable and the securities are intended to be held to maturity.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing notes linked to the lesser performing common stock of Micron Technology, Inc., NVIDIA Corporation and Sandisk Corporation. The notes mature on October 5, 2028 (determination date October 2, 2028) and pay, per $1,000 face amount, either $1,000 plus a positive payout equal to the lesser performing index stock return times a 500% upside participation rate, or, if any index stock return is zero or negative, $1,000 plus the lesser performing index stock return times $1,000. The initial index stock prices are set as of March 27, 2026. The estimated value on the trade date is approximately $917 per $1,000 face amount. The issue price is 100% with underwriting discount of 1.05% plus a structuring fee up to 0.7%. Payments are subject to the credit risk of GS Finance Corp. and its guarantor. The calculation agent, Goldman Sachs & Co. LLC, has broad discretion over pricing, determination dates, anti‑dilution adjustments and treatment of market disruption events. Investors could lose their entire investment.

GS Finance Corp. is offering callable, contingent-coupon notes linked to the VanEck Semiconductor ETF (SMH) that mature on January 8, 2029 unless redeemed. Each $1,000 note can pay a quarterly coupon of $36.25 if the ETF closes at or above 80% of the initial level (383.40) on the coupon observation date. The issuer may redeem the notes on quarterly coupon dates from October 2026 through October 2028 at 100% of principal plus any coupon then due. At maturity, if the final ETF level is below 80% of the initial level, investors suffer losses according to the disclosed buffer (the first 20% of loss is absorbed); if the final level is at or above 80%, principal is returned plus any final coupon. The pricing supplement states the estimated value at issuance is approximately $967 per $1,000 face amount and the original issue price is 100% with an underwriting discount of 1%.