Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers callable, equity-linked notes tied to the Class A common stock of Ares Management Corporation, Inc. The notes reference an initial index stock price of $105.80 (set April 1, 2026), pay a quarterly coupon of $71.5 per $1,000 (7.15% quarterly) only if the index stock closes at or above 65% of that initial price on each coupon observation date, and may be automatically called beginning July 2026. If the final index stock price is less than 65% of the initial price, principal at maturity is reduced pro rata by the index stock return; estimated value at pricing was $945 to $975 per $1,000 face amount. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited anti-dilution protection, calculation-agent discretion, and potential illiquidity are key risks.

The Goldman Sachs Group, Inc. is offering $4,331,000 aggregate principal of fixed rate senior notes due April 4, 2033 under its Medium-Term Notes, Series N program. The notes bear interest at 5.00% per annum, payable April 2 and October 2 each year, and will be issued at 100% of principal on the original issue date of April 2, 2026. Underwriting discount is 0.55% of principal and net proceeds to the issuer are 99.45% of principal. The notes will be issued in book-entry form through DTC, will not be listed, and are subject to standard U.S. federal income tax and FATCA withholding rules. The offering is restricted in several jurisdictions and includes standard defeasance rights and a 30/360 (ISDA) day count convention.

The Goldman Sachs Group, Inc. is offering $43,000,000 principal of Callable Fixed Rate Notes due April 2, 2031, issued April 2, 2026, carrying a fixed interest rate of 5.00% per annum paid semiannually on April 2 and October 2. The notes are callable in whole on each quarterly redemption date on or after April 2, 2027 at 100% plus accrued interest, with at least five business days' prior notice. The initial public price is 100% of principal; underwriting discount is 0.927% (totaling $398,610), with estimated issuer offering expenses of approximately $15,000.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $4,818,000 under its Medium‑Term Notes, Series N program. The notes pay interest at 4.50% per annum, accrue from the original issue date of April 2, 2026, and mature on April 2, 2029. Interest is payable each April 2 and October 2, commencing October 2, 2026, and the notes will be issued in book‑entry form through DTC.

The original issue price is 100% of principal with an underwriting discount of 0.35% (net proceeds to issuer: 99.65%). The notes are unsecured senior debt issued under the senior debt indenture and will not be listed on any exchange.

The Goldman Sachs Group, Inc. is offering $3,716,000 principal amount of fixed rate medium‑term notes due April 2, 2031 under its Series N program. The notes carry a 4.75% per annum fixed interest rate, pay semiannually on April 2 and October 2, and accrue from the original issue date of April 2, 2026.

Notes are issued in denominations of $1,000, will not be listed, are issued at 100% of principal (underwriting discount 0.5%, net proceeds 99.5%), and will be represented by a DTC master global note.

GS Finance Corp. priced callable, multi‑underlier notes linked to the Russell 2000®, EURO STOXX 50® and the State Street® Utilities Select Sector SPDR® ETF. The notes pay a quarterly coupon of $22.50 per $1,000 (2.25% quarterly; up to 9% per annum) if each underlier is at or above 65% of its initial level on a coupon observation date. The notes may be automatically called beginning April 2027 and mature expectedly April 29, 2031. At maturity, if any underlier is below 65% of its initial level, repayment is based on the lesser performing underlier and can result in a principal loss, potentially substantially below face amount. The estimated value on the trade date is $885 to $925 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, may be automatically called early with a capped call payment of $1,120 per $1,000 face amount, and provide upside participation of 165% subject to a 15% buffer (buffer level 85%). The cash settlement at maturity depends on the final index level: full face value for returns above the buffer, scaled upside when the final level exceeds the initial level, and a reduced cash payment if the final level is below the buffer, which could result in a substantial loss of principal.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Futures Excess Return Index, have an upside participation rate of at least 120%, a buffer level of 85% (15% buffer), and pay a cash settlement per $1,000 face amount at maturity based on the underlier return. Key dates: trade date April 30, 2026, original issue date May 6, 2026, determination date October 30, 2028, and stated maturity November 2, 2028. The notes do not bear interest, are cash‑settled, and are subject to issuer and guarantor credit risk and futures‑specific risks such as negative roll yield and market disruption events.

GS Finance Corp. priced leveraged, callable notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 face amount and an expected trade date of April 30, 2026 with an expected original issue date of May 5, 2026 and a stated maturity of May 5, 2031. The notes pay no interest and provide 200% upside participation if the final underlier level exceeds the initial level; if the underlier return is zero or negative, holders receive only the $1,000 face amount at maturity. The issuer may redeem the notes monthly beginning in May 2027 at specified capped call premium amounts (examples: May 5, 2027 at least 12.75%, rising over time). The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount. Payments depend on the E-mini S&P 500 futures-based underlier, are subject to issuer and guarantor credit risk, and are affected by futures-specific factors such as negative roll yield and market disruptions.

GS Finance Corp. is offering $1,000 face‑amount autocallable contingent coupon equity‑linked notes due that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of The Home Depot, Inc. ("HD UN") and pay a contingent monthly coupon of $10.042 per $1,000 when the underlier is at or above 72% of the initial level. The notes are automatically called if the underlier on any call observation date is at or above the initial level; principal at maturity is cash settled and depends on final underlier performance.

GS Finance Corp. is offering index-linked medium-term notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices and pay at maturity based on the lesser performing underlier.

For each $1,000 face amount, if both underliers finish at or above their initial levels you will receive a maximum settlement amount of at least $1,240; if any underlier has a negative return you will receive $1,000 at maturity. The trade date is April 30, 2026, the original issue date is May 5, 2026, the determination date is April 30, 2029, and the stated maturity date is May 3, 2029.

GS Finance Corp. offers $1,000 face‑amount Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and on the stated maturity date will pay, per $1,000 face amount, either $1,130 (the maximum settlement amount) if each underlier finishes at or above its initial level, or $1,000 if any underlier finishes below its initial level. The underliers are the Russell 2000® Index and the S&P 500® Index. Trade date is April 14, 2026, original issue date April 17, 2026, determination date March 28, 2028 and stated maturity date March 31, 2028, each subject to adjustment as described in the general terms supplement.

GS Finance Corp. is offering principal‑protected, index‑linked notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity either the $1,000 face amount (if the index return is zero or negative) or $1,000 + $1,000 × 850% × the index return (if positive). The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which applies daily rebalancing, a 5% realized volatility control and a 0.65% per annum index deduction. Trade date is April 9, 2026 and stated maturity is April 14, 2031. The notes do not pay interest and are subject to the credit risk of the issuer and guarantor; the index may allocate substantial exposure to hypothetical cash positions that earn zero excess return before the 0.65% deduction.

GS Finance Corp. offers callable, buffered notes linked to the VanEck Gold Miners ETF and the iShares® Silver Trust that mature on the stated maturity date. The notes pay a conditional monthly coupon (product of $13.334 per $1,000 face amount per qualifying observation) when both ETF closing levels meet the 80% coupon trigger on observation dates. The notes are automatically called if on any call observation date each ETF closing level is greater than or equal to its initial level, in which case holders receive the face amount plus accrued coupon. At maturity (expected ), if not called, the cash settlement depends on the lesser performing ETF return relative to buffer levels (buffer = 15%; buffer level = 85% of initial), exposing holders to downside below the buffer and limiting upside to 100% of face amount. Estimated value at pricing is $925–$965 per $1,000 face amount; investors remain exposed to issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000 face‑amount index‑linked notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends solely on the lesser performing underlier (Russell 2000 and S&P 500): if that underlier's final level is greater than or equal to its initial level you receive a capped maximum settlement amount of $1,154 per $1,000 face amount; if it is lower you receive the face amount of $1,000. The notes pay no interest, reference a trade date of April 14, 2026, an original issue date of April 17, 2026, a determination date of March 28, 2028 and a stated maturity of March 31, 2028. The pricing supplement highlights model-based estimated values below the original issue price, credit risk of the issuer/guarantor, limited secondary market liquidity and special U.S. tax treatment as contingent payment debt instruments.

GS Finance Corp. is offering long-dated, non‑interest bearing structured notes linked to three underliers: the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes mature in 2031 but include automatic call dates beginning in 2027 with specified call premiums.

The principal repayment at maturity is determined by the performance of the lesser performing underlier: full face (or a capped upside) if above specified thresholds, or a pro‑rata loss if the lesser performing underlier falls below 70% (with potential full loss if the underlier declines more than 30%). The notes carry issuer/guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., an estimated initial value below par (about $885–$925 per $1,000 face amount), and material valuation, liquidity and tax risks described in the pricing supplement.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide upside exposure at a 200% participation rate capped by a $1,130 maximum settlement per $1,000 face amount. A 10% buffer protects against declines up to 10% (buffer level 90%), but losses occur if the final underlier level is below the buffer; in that case investors lose on a 1%-for-1% basis beyond the buffer. Trade date is April 30, 2026, original issue date May 5, 2026, determination date June 1, 2027, and stated maturity June 4, 2027. The pricing supplement highlights credit risk of the issuer and guarantor, limited secondary market liquidity, and uncertain tax treatment.

GS Finance Corp. is offering $1,000 face amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index ("GSMBFC5 Index"). The notes have an April 15, 2026 trade date, April 20, 2026 original issue date and a stated maturity of April 20, 2033.

The notes pay no interest, participate 100% in upside above the initial index level, are automatically called if the index closes at or above 101.25% on an annual observation, and, if not called, pay at maturity based on index performance with principal protected to the face amount. The index is daily rebalanced, uses volatility and momentum controls, and is subject to a 0.65% annual deduction.

GS Finance Corp. priced $2,150,000 face amount of Market Linked Notes—Upside Participation to a Cap and Principal Return at Maturity linked to the S&P 500® Index. The notes have a $1,000 face amount per note, an original offering price of $1,000 per note, an estimated value at pricing of $942 per $1,000 face amount, a capped maximum return of 24.50% ($245.00), 100% upside participation (subject to the cap), and repay principal at maturity on April 4, 2030 (calculation day April 1, 2030, subject to postponement). Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer/guarantor credit risk.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2038. The notes bear interest at 5.625% per annum, accrue from an original issue date expected to be April 20, 2026, and have a stated maturity expected to be April 20, 2038. Interest is payable each April 20 and October 20, with the first payment expected on October 20, 2026. The issuer may redeem the notes in whole (not in part) on scheduled redemption dates on or after April 20, 2028, with at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest.

The notes will be issued in book-entry form through DTC and settle through DTC, and they are a new issue with no established trading market. U.S. federal tax treatment follows ordinary interest rules and capital gain/loss treatment on disposition; FATCA withholding generally applies.

GS Finance Corp. offers equity-index linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an original offering price of $1,000 per security for a total aggregate face amount of $5,501,000. These are auto-callable, European-index-linked notes tied to the EURO STOXX 50® Index with an upside participation rate of 150%, a call premium of 10.60% ($106.00), and a 15% downside buffer. The notes were priced on March 30, 2026, issued on April 2, 2026, have a call date of April 2, 2027 and a stated maturity of April 6, 2029. The supplement discloses an estimated model value of approximately $945 per $1,000 face amount at pricing and that investors bear full credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Class A common stock of Palantir Technologies Inc. The notes pay a contingent monthly coupon when the underlier closes at or above 60% of the initial level and pay at maturity either $1,000 per $1,000 face amount or an amount equal to $1,000 × underlier return if the final underlier level is below the 60% trigger buffer. The issuer may redeem the notes on coupon payment dates beginning in July 2026. The offering lists an aggregate face amount of $300,000, original issue price at 100% of face, underwriting discount 0.65%, and net proceeds 99.35% of face.

GS Finance Corp. offers $18,235,000 of principal-protected notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index). The notes mature on April 6, 2033 (determination date March 30, 2033) and include annual automatic-call dates beginning March 30, 2027. If not called, maturity payoff equals $1,000 plus upside participation (100%) of any positive index return; if the index return is zero or negative, holders receive the $1,000 face amount. The notes carry an original issue price equal to 100% of face, an underwriting discount of 4.1%, and an estimated trade-date value of $901 per $1,000 with an additional amount of $99 that amortizes to zero by June 29, 2026. The index applies a 0.65% p.a. deduction and volatility/momentum controls that may allocate substantial exposure to hypothetical cash positions.

GS Finance Corp. proposes leveraged buffered S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay on maturity based on the underlier’s performance from the trade date to the determination date, with an upside participation rate of at least 165% and a 30% buffer (buffer level: 70%). If the final underlier level is above the initial level, holders receive $1,000 plus upside participation times the underlier return; if the final level is ≤ initial but ≥ buffer level, holders receive the $1,000 face amount; if the final level is below the buffer level, holders suffer proportional losses below the buffer and can lose a substantial portion of principal.

The trade date is April 30, 2026, original issue date May 5, 2026, determination date April 30, 2031, and stated maturity date May 5, 2031. The underlier is the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures). The notes do not pay interest and are subject to issuer and guarantor credit risk, model/valuation discounts at issuance, potential negative roll yields, trading illiquidity, market‑disruption adjustments, and tax uncertainty.

GS Finance Corp. is offering cash‑settled, buffer‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with an initial underlier level of 6,368.85 set on March 27, 2026. The notes pay no interest and mature on April 15, 2027. If the final underlier level on the determination date is at or above the buffer level (90% of the initial level) you receive the capped maximum settlement amount of $1,110.60 per $1,000 face amount. If the final level is below the buffer level returns are negative and you lose approximately 1.1111% of principal for each 1% the index declines below the buffer; you could lose your entire investment. The notes were issued at 100% of face amount with a 1% underwriting discount and are subject to GS credit risk, liquidity risks, tax uncertainty, and limited upside due to the cap.

GS Finance Corp. priced structured notes linked to the S&P 500 Index with a stated maturity of April 4, 2028. Each note has a $1,000 face amount; the aggregate initial issue is $694,000. The notes pay no interest and return at maturity is determined by the S&P 500 performance from the trade date to the determination date. If the final index level is at or above a trigger buffer of 80% of the initial level, holders receive a capped maximum settlement amount of $1,150 per $1,000 face. If the final index is below that trigger buffer, holders lose 1% of face for every 1% decline in the index and could lose their entire investment. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000,000 aggregate face amount of autocallable, contingent-coupon S&P 500® Index-linked notes due July 6, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $6.459 per $1,000 face amount if the S&P 500 closing level on an observation date is at least 75% of the initial index level (6,343.72). The notes are automatically called if on any call observation date the index closing level is greater than or equal to the initial level. At maturity, if not called, repayment depends on the final index return versus an 85% buffer level and can result in significant principal loss; the pricing supplement shows an estimated value at issuance of approximately $990 per $1,000 face amount.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes feature an automatic call that, if triggered on the call observation date, pays $1,120 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on the S&P 500 performance: investors receive $1,000 plus upside participation if the final level exceeds the initial level, full principal if the final level is at or above the buffer level, or a formula that applies a 100% buffer rate to losses below the 90% buffer level (i.e., a 10% buffer amount).

Key parameters include an upside participation rate of 195%, trade date April 14, 2026, original issue date April 17, 2026, call observation date April 19, 2027, and stated maturity April 19, 2029. The notes bear no interest and are subject to the credit risk of GS Finance Corp. and its guarantor. Pricing, underwriting discounts and aggregate face amount are set on the trade date.

GS Finance Corp. offers autocallable index-linked notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date; if called the payment is $1,150 per $1,000 face amount. If not called, maturity pay depends on the lesser performing underlier (Dow Jones Industrial Average, Nasdaq-100, S&P 500) with an upside participation rate of 235% and a trigger buffer at 65% of initial levels. Investors may lose their entire investment if the lesser performing underlier falls below the trigger buffer. Trade date is April 6, 2026, original issue date April 9, 2026, and stated maturity April 13, 2029.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due April 21, 2031. The notes are denominated in U.S. dollars, pay interest semiannually on April 21 and October 21, and carry an indicated interest rate of 4.75% per annum. The trade date is April 17, 2026 and the original issue date is April 21, 2026. The notes will be issued in denominations of $1,000 and integral multiples thereof, will not be listed on any exchange, and will be represented by a master global note held by DTC.

GS Finance Corp. offers $729,000 aggregate face amount of S&P 500 Daily Risk Control 5% USD Excess Return Index-linked notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; principal at maturity depends on the Excess Return index performance measured from the trade date to the determination date. The notes feature a 140% upside participation rate, an initial underlier level of 173.23, an estimated value at pricing of $955 per $1,000, and a $2,000 maximum downside settlement amount per $1,000 face amount.

The underlier is an excess-return, risk-control index that targets 5% volatility by dynamically adjusting exposure (including hypothetical leverage up to 150%) and deducts hypothetical borrowing costs at SOFR + 0.02963%. Payments are subject to the issuer's and guarantor's credit risk, calculation-agent discretion for disruptions or underlier changes, and complex U.S. federal tax rules treating the notes as contingent payment debt instruments (comparable yield disclosed).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected‑style contingent notes linked to the iShares MSCI EAFE ETF ("EFA"). For each $1,000 face amount at maturity the cash payment depends on the underlier return, subject to a 200% upside participation rate, a $1,165.50 maximum payout and a 25% trigger buffer (trigger buffer level = 75% of initial level). If the final underlier level is below the trigger buffer level, losses are linear to the full downside (you may lose up to 100% of the investment). The notes bear no interest and are issued at 100% of face with a 2.75% underwriting discount. Trade date is March 30, 2026, original issue date April 2, 2026, determination date October 2, 2028, maturity October 5, 2028.

The offered notes are unsecured, cash‑settled, principal‑at‑risk notes issued by GS Finance Corp.The Goldman Sachs Group, Inc.. The notes reference the S&P 500® Index with an initial underlier level of 6,368.85 (set on March 27, 2026). The aggregate face amount is $2,000,000 and each $1,000 face amount pays at maturity on April 15, 2027 an amount determined by the index performance from March 27, 2026 to the determination date (April 12, 2027).

Key economic features: no periodic interest; a buffer of 17.22% (buffer level 82.78% of initial) that produces an absolute positive return if the index decline is within the buffer; a buffer rate ≈ 120.8% that magnifies losses if the final index is below the buffer level; and a capped upside of $1,100 per $1,000 face amount. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. applies.

GS Finance Corp. offers floating rate notes guaranteed by The Goldman Sachs Group, Inc. that pay interest at compounded SOFR plus 1.02% per annum subject to a 0.50% minimum. Trade date is expected to be April 15, 2026, original issue (settlement) date expected April 17, 2026, and stated maturity is expected to be April 17, 2031. Notes pay interest quarterly (Jan 17, Apr 17, Jul 17, Oct 17) beginning July 17, 2026, are issued in $1,000 denominations, will not be listed, are unsecured obligations of GS Finance Corp., and are guaranteed by The Goldman Sachs Group, Inc. The calculation agent (Goldman Sachs & Co. LLC) determines compounded SOFR and has discretionary authority for benchmark replacement and related adjustments. Proceeds will be lent to The Goldman Sachs Group, Inc. or its affiliates.

The Goldman Sachs Group, Inc. is offering fixed rate notes due April 21, 2033 with a stated interest rate of 5.00% per annum. The notes will be issued in U.S. dollars in $1,000 denominations, trade on April 17, 2026, and have an original issue date of April 21, 2026.

Terms such as the original issue price will be set on the trade date; the offering may be terminated if the issuer determines there has been a significant adverse movement in the issuer's credit spread prior to the trade date. The notes will be issued in book-entry form as a master global note (CUSIP 38151FXY4).

The Goldman Sachs Group, Inc. offers $25,000,000 of Callable Step-Up Fixed Rate Notes due April 1, 2033, issued April 1, 2026. The notes pay 5.05% per annum through April 1, 2030 and 6.00% thereafter until maturity and are redeemable at issuer option on each April 1 and October 1 on or after April 1, 2030 at 100% plus accrued interest.

The offering is part of the Medium-Term Notes, Series N program and will be sold through Goldman Sachs & Co. LLC at an initial price to public of 100% (proceeds to issuer before expenses: $24,875,000). The notes will be issued in book-entry form through DTC, bear interest semiannually, are not FDIC-insured, and are generally subject to FATCA withholding.

GS Finance Corp. is offering Buffered Digital EURO STOXX 50® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the EURO STOXX 50 performance versus an initial level set on the trade date. If the final level is at or above the initial level, the holder receives the greater of a $1,600 threshold settlement amount or $1,000 plus 1,000×underlier return. If the final level declines up to the 10% buffer (buffer level = 90% of initial), the holder receives $1,000. If the final level falls more than the buffer, losses are linear below the buffer (buffer rate = 100%), and principal can be substantially lost. Trade date is April 2, 2026, original issue date April 7, 2026, determination date April 2, 2031, and stated maturity April 7, 2031. The notes are linked to the EURO STOXX 50® Index (Bloomberg: SX5E Index) and are subject to issuer and guarantor credit risk and secondary-market illiquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable contingent coupon notes linked to the common stocks of Advanced Micro Devices, Inc., Apple Inc. and Western Digital Corporation. The notes have an expected trade date of April 14, 2026 and an expected original issue date of April 17, 2026, and a stated maturity date expected to be April 19, 2029, subject to adjustment.

The notes pay a potential monthly coupon equal to $15.834 per $1,000 face amount (1.5834% monthly, approximately 19% per annum) on coupon payment dates if each index stock’s closing price on the related coupon observation date is at least 50% of its initial index stock price. The notes are automatically called if, on any call observation date (commencing in April 2027), each index stock’s closing price is greater than or equal to its initial price; called notes pay the face amount plus accrued coupon. At maturity, if a trigger event occurs (each final index stock price is below its initial price) and the lesser performing index stock is below 50% of its initial price, holders may receive a reduced cash settlement tied to that lesser performing stock and could lose a substantial portion 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 amount.

GS Finance Corp. is offering leveraged, iShares MSCI EAFE ETF-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes (face amount shown per example: $1,000) pay no interest and provide payoff outcomes tied to the EFA ETF level between the trade date and the determination date. Key terms include an upside participation rate of 200% with a $1,200 maximum cash settlement, a trigger buffer level of 75% (25% buffer amount), trade date April 29, 2026, original issue date May 4, 2026, determination date October 30, 2028, and stated maturity November 2, 2028.

The notes use absolute return treatment when the final underlier level declines up to the trigger buffer (you could receive the absolute underlier return as a positive payment). If the final underlier level is below the trigger buffer, investors suffer a dollar-for-dollar loss below par and could lose their entire investment. The notes carry issuer and guarantor credit risk, limited secondary-market liquidity, tax uncertainty (including potential Section 1260 implications), and model/pricing differences vs. the original issue price.

The GS Finance Corp. offering prices structured, ETF-linked notes due November 2, 2028 that pay a cash settlement tied to the performance of the iShares MSCI EAFE ETF (EFA) as measured from the trade date to the determination date. The notes feature a 200% upside participation rate subject to a $1,250 maximum payout per $1,000 face amount, a 25% trigger buffer (trigger buffer level = 75% of the initial underlier level), trade date April 30, 2026, original issue date May 5, 2026, determination date October 30, 2028.

The notes do not pay interest and are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer/guarantor credit risk, foreign currency and EAFE market risks, potential loss of principal if the final underlier level is below the trigger buffer level, and tax uncertainties including possible application of Section 1260.

GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date if the underlier closes at or above its initial level; an automatic call would pay $1,100 per $1,000 face amount on the call payment date. If not called, the cash payment at maturity depends on the final S&P 500 level: participation is 250% of positive returns, principal is preserved if the final level is at or above an 80% trigger buffer, and losses occur if the final level is below that buffer (you could lose your entire investment). Trade date is April 14, 2026, original issue date April 17, 2026, determination date March 27, 2029, and stated maturity March 30, 2029. The notes are senior debt under GSFC's Medium-Term Notes program; pricing models show the estimated value is less than the original issue price.

GS Finance Corp. is offering leveraged 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 is tied to the S&P 500 level from the trade date to the determination date. If the final level exceeds the initial level, holders receive 200% participation in the upside subject to a maximum settlement amount of at least $1,261 per $1,000 face amount. If the final level is between the initial level and the buffer level (90%), holders receive the face amount. If the final level falls below the buffer level, holders suffer downside exposure calculated using a buffer rate of approximately 111.11%, and could lose their entire investment. Trade date is April 27, 2026, original issue date April 30, 2026, determination date April 27, 2028, and stated maturity date May 2, 2028. The original issue price is 100% of face amount; underwriting discount is 1.5%, net proceeds to issuer 98.5%. The notes are subject to the issuer and guarantor credit risk, limited upside by the maximum settlement amount, uncertain tax treatment, potential lack of liquid secondary market, and modeled estimated value that is lower than issue price.

GS Finance Corp. offers structured, autocallable notes linked to the Nasdaq-100, SPDR Gold Trust and the VanEck Semiconductor ETF. Trade date is expected to be April 2, 2026 with stated maturity expected to be April 9, 2029. Monthly coupon observation dates are expected on the 2nd of each month beginning May 2026; automatic calls may occur on observation dates beginning April 2027 through March 2029. Coupons accrue only if each underlier's closing level on a coupon observation date is at or above 60% of its initial level; a trigger buffer at 50% determines principal protection vs. loss. If any underlier finishes below 50% of its initial level at maturity, principal is reduced pro rata to the lesser performing underlier return. The estimated model value at pricing is $925–$955 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering leveraged, S&P 500® Futures Excess Return Index-linked notes due April 10, 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, the cash payment at maturity will be either: (1) $1,000 plus $1,000 times the upside participation rate of 134.25% times the underlier return if the final underlier level exceeds the initial underlier level, or (2) $1,000 if the final underlier level is equal to or less than the initial underlier level. The underlier is the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP Index), which tracks E‑mini S&P 500 futures rather than the S&P 500® Index. Trade date is April 7, 2026 and original issue date is April 10, 2026; the determination date is shown as April 7, 2031, each subject to adjustment. The notes pay no interest, are cash‑settled at maturity, are subject to issuer and guarantor credit risk, and may trade thinly or not at all.

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, may be automatically called on the call observation date and provide a capped call payment of $1,120 per $1,000 if the underlier is at or above the initial level. If not called, maturity cash settlement is linked to S&P 500 performance with a 200% upside participation, a 10% buffer (buffer level at 90% of initial), and possible large principal losses if the final underlier level is below the buffer.

The trade date is April 9, 2026, original issue date April 14, 2026, call observation date April 14, 2027, and stated maturity April 19, 2029. Terms (including the initial underlier level and aggregate face amount) will be set on the trade date and the offering is subject to the general terms supplement and prospectus references.

GS Finance Corp. offers $1,000 face‑amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes can be automatically called on the call observation date with a capped call payment of $1,140 per $1,000. If not called, maturity payoff depends on the index return and a 300% upside participation rate, subject to index deductions including a 0.65% per annum accrual and potential large allocations to cash positions that earn zero excess return. Trade date is April 27, 2026, original issue date April 30, 2026, determination date April 28, 2031 and stated maturity May 5, 2031. GS&Co.’s estimated value on the trade date is $850 to $880 per $1,000, which is below the original issue price.

GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, participate 100% in upside and include a 15% buffer (buffer level = 85%).

The notes will be automatically called on specified quarterly observation dates if the S&P 500 closing level is greater than or equal to the initial level; applicable call premiums range from 10.75% to 29.5625%. If not called, the cash settlement at maturity depends on final underlier performance and can result in a substantial loss (examples show losses up to 64.00% if final level is 21% of initial). Trade date is April 6, 2026, original issue date April 9, 2026, and stated maturity date April 11, 2029.

The Goldman Sachs Group, Inc. offers Callable Fixed Rate Notes due April 17, 2031 that pay interest at 5.05% per annum from and including the original issue date (expected April 17, 2026) to but excluding maturity. Interest payments are expected semiannually on April 17 and October 17, with the first payment expected on October 17, 2026.

The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates (expected each January 17, April 17, July 17 and October 17 on or after April 17, 2027) at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days' notice. The notes will be issued in book‑entry form through DTC as a master global note. The initial public price, underwriting discounts, and net proceeds are set on the cover and may vary for certain retirement and fee‑based accounts; underwriters include Goldman Sachs & Co. LLC and InspereX LLC.

GS Finance Corp. offers indexed notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay a structured quarterly coupon (up to 3.25% quarterly / 13% per annum) if the index on an observation date is ≥ 60% of the initial level and may be automatically called beginning April 2027. The index targets 40% volatility with up to 500% exposure and is subject to a daily 6.0% per annum decrement; leverage and the decrement can magnify losses. Expected trade date is April 27, 2026, original issue date expected April 30, 2026, and stated maturity expected May 5, 2031. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and their estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount.