Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced an autocallable contingent coupon index-linked note program guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100® and may be automatically called on observation end dates beginning June 2026 through June 2028 if each index closes at or above its initial levels set on March 30, 2026.

If not called, quarterly coupons of $34.375 per $1,000 (3.4375% quarterly; up to 13.75% per annum) are payable only if each index remains at or above 70% of its initial level for every trading day in the quarterly observation period. At maturity (expected October 5, 2028), the cash settlement is based on the lesser performing index: full principal is returned if that index is >=60% of its initial level; otherwise principal is reduced pro rata by the lesser performing index return. The estimated value on the trade date is stated as between $925 and $955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected notes linked to an equally weighted basket of Bank of America, Capital One, Morgan Stanley and Wells Fargo. The notes mature on March 30, 2028 with an automatic call feature on April 9, 2027 that would pay $1,191 per $1,000 if triggered. The notes provide an upside participation rate of 125% and a 15% buffer (buffer rate approximately 117.65%) that limits losses only up to the buffer mechanics. Estimated value at trade date was approximately $958 per $1,000; original issue price is 100%, underwriting discount 1.5%, net proceeds 98.5%. Trade date is March 27, 2026 and original issue date is April 1, 2026. The notes do not pay interest, do not convey shareholder rights, and are subject to issuer and guarantor credit risk. GS&Co. is the calculation agent with discretion over pricing adjustments, market-disruption determinations and anti-dilution adjustments.

GS Finance Corp. issues $1,045,000 of Jump Securities with an automatic-call feature linked to the worst-performing of Vertiv Holdings Co Class A common stock and GE Vernova Inc. common stock. The notes mature March 30, 2028, are principal-at-risk and offer fixed call or maturity premiums (between 33.70% and 67.40%) if automatically called; if not called, holders face 1-to-1 downside exposure to the worst-performing underlying stock with downside threshold prices set at 60.00% of each initial share price. The pricing date was March 27, 2026; estimated value on the pricing date was approximately $944 per security.

GS Finance Corp. is offering structured, S&P 500®-linked notes (aggregate face amount $3,757,000) that pay no interest and whose cash repayment at maturity depends on the S&P 500 performance from the trade date through the determination date. For each $1,000 face amount, investors receive either: (1) $1,000 plus the underlier return (capped at a maximum settlement amount of $1,224), (2) $1,000 if the final level is down no more than the buffer level (80% of initial), or (3) a reduced cash payment calculated using the buffer rate (100%) if the underlier falls more than the 20% buffer, which can result in substantial principal loss. Trade date is March 27, 2026 with original issue date April 1, 2026 and stated maturity March 30, 2028. 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. The original issue price was 100% of face amount with an underwriting discount of 1.75%.

GS Finance Corp. priced principal-at-risk notes linked to the EURO STOXX 50® Index with a 151% upside participation rate and a 40% trigger buffer (trigger buffer level: 60% of the initial level). The notes mature on April 1, 2031 and pay no interest. If the final underlier level is at or above the initial level (5,505.80), investors receive a positive return equal to the upside participation rate times the underlier return. If the final underlier level falls but remains >= the trigger buffer level, the notes pay the absolute underlier return as a positive return. If the final underlier level is below the trigger buffer level, investors suffer losses equal to the underlier return, and could lose their entire investment. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer's and guarantor's credit risk.

GS Finance Corp. offers structured, non‑interest bearing notes linked to NVIDIA Corporation stock with an automatic call feature. The notes have an $1,000 face amount reference and an aggregate face amount of $7,480,000. If NVIDIA’s closing price on the call observation date is ≥ the initial index stock price of $167.52, the notes are automatically redeemed on the call payment date for $1,243 per $1,000 face amount. If not called, the payment at the stated maturity will depend on the final index stock price on the determination date (March 27, 2028) with a 20% buffer and a 125% buffer rate, a threshold settlement of $1,486, and potential full loss of principal for large declines. Trade date is March 27, 2026 and original issue date is April 1, 2026; estimated value at terms is approximately $973 per $1,000 face amount.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 15, 2027 for $1,151.50 per $1,000 face amount if the underlier is at or above the initial level, and mature on April 18, 2031 with cash settlement tied to the S&P 500 performance. Key terms include an 150% upside participation rate and a trigger buffer level of 85% of the initial underlier level. If the final underlier level is below the trigger buffer level, investors bear downside equal to the underlier return and could lose their entire investment. Trade date is April 15, 2026 and original issue date is April 20, 2026. Terms are subject to adjustments described in the general terms supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to Constellation Energy Corporation common stock. The notes pay a contingent monthly coupon of $11.584 per $1,000 (1.1584% monthly, up to ~13.9% annually) when the underlier meets a 56% trigger on observation dates. The notes feature an automatic call if the underlier closes at or above the initial level on any call observation date; maturity cash settlement depends on the final underlier level and can result in a total loss of principal if that level is below 56% of the initial level. Original issue price is 100% with a 2.15% underwriting discount; net proceeds 97.85% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) prices a primary offering of Contingent Income Auto-Callable Securities linked to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100®.

The initial aggregate stated principal amount is $11,399,000 with an original issue date of April 1, 2026 and a stated maturity date of March 30, 2028. Each $1,000 security pays a contingent quarterly coupon of $22.875 only if each index is at or above its downside threshold (65.00% of initial index value) on the related coupon observation date, may be automatically called if all indexes are at or above their initial index values on a call observation date, and returns at maturity are determined by the worst-performing index (principal at risk).

GS Finance Corp. offers non‑interest bearing, automatically callable notes linked to an equally weighted five‑stock basket. The notes have an aggregate face amount of $734,000 on original issue, an initial basket level of 100, a stated maturity date of April 3, 2031, and call observation dates beginning March 29, 2027. The upside participation rate is 150%, the trigger buffer level is 60% of the initial basket level, and specified call premiums range from 14% to 56% depending on the call date. The five basket stocks and their initial prices are listed (Amazon $199.34; Broadcom $300.68; Microsoft $356.77; NVIDIA $167.52; Oracle $139.66). The estimated value on the trade date is approximately $916 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.125%.

GS Finance Corp. offers autocallable, buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $1,000 per note) are non‑interest bearing, may be automatically called on the call observation date (expected May 10, 2027) for at least $1,116.5 per $1,000, and otherwise pay at maturity (expected May 2, 2028) based on S&P 500 performance measured from the trade date (expected April 27, 2026) to the determination date (expected April 27, 2028). If the final index level is >= initial level, the payoff equals principal plus 125% times the index return; if the final index level declines up to 15%, the payoff equals principal plus the absolute index decline; if the decline exceeds 15%, losses accelerate at roughly 1.1765% of face per 1% index decline below 85% of the initial level. The estimated value at pricing is $900–$930 per $1,000 face amount. Holders are exposed to issuer/guarantor credit risk, limited secondary‑market liquidity, tax uncertainty, and the terms and discretionary adjustments of the calculation agent.

GS Finance Corp. is offering $1,000-face autocal lable, index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes feature a 300% upside participation rate, an automatic call on the call payment date that would pay $1,110 per $1,000 if the index closes at or above the initial level on the call observation date, and a minimum cash settlement at maturity equal to the face amount if the final index level is equal to or less than the initial index level. Key dates: trade date April 30, 2026, original issue date May 5, 2026, call observation date April 30, 2027, determination date May 2, 2029, stated maturity May 9, 2029. The index is the Goldman Sachs Momentum Builder Focus ER Index, which uses daily rebalancing, a 5% realized volatility control and a 0.65% per annum deduction; estimated value on the trade date is $900 to $930 per $1,000 (less than original issue price). Terms are set on the trade date and are subject to the accompanying index supplement and pricing supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon medium-term notes linked to the Russell 2000® and S&P 500® indices. The $5,882,000 aggregate face amount (notes issued in $1,000 denominations) pays a contingent quarterly coupon of $20.375 per $1,000 (2.0375% quarterly, up to 8.15% per annum) only if each underlier meets its 55% coupon trigger on the related observation date. If not redeemed, principal at maturity depends on the lesser performing underlier: if that underlier is below 55% of its initial level, the cash settlement equals $1,000 plus $1,000 times the lesser performing underlier return, exposing investors to potential loss of the entire investment. The issuer may redeem the notes on coupon payment dates from October 2026 through January 2031.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, equity‑linked medium‑term notes tied to Class A common stock of CrowdStrike Holdings, Inc. The offering registers an aggregate face amount of $3,901,000 with an original issue price of 100% of face. The notes pay contingent quarterly coupons (each based on a $52 schedule per observation) only if the underlier closes at or above a 75% coupon trigger level on observation dates and include an automatic call if the underlier closes at or above the initial level on any call observation date. If not called, cash at maturity is determined by the final underlier level, with a buffer of 25% and a buffer rate of approximately 133.33%, meaning investors can lose a substantial portion or all of principal depending on underlier performance.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured, auto-callable medium-term notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5). The aggregate face amount is $5,144,000. The notes pay either an annual automatic-call cash amount if the index meets a call level or, if not called, a cash settlement at maturity tied to index performance with a 100% upside participation rate and principal returned if the index return is zero or negative. The notes carry a deduction and fee structure embedded in the index (a 0.65% per annum deduction plus a federal funds rate adjustment), an original issue price that exceeds the dealer-estimated value ($898 per $1,000), and a stated maturity on March 31, 2033. Key investor considerations include the substantial potential allocation of the index to hypothetical cash positions (which earn zero on an excess return basis before the 0.65% deduction), issuer/guarantor credit risk, limited secondary market liquidity, and tax treatment as a contingent payment debt instrument.

GS Finance Corp. offers Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay, per $1,000 face amount, either $1,000 or $1,000 plus the upside participation rate (at least 450%) times the index return measured from the trade date to the determination date. Trade date is April 27, 2026, original issue date April 30, 2026, determination date October 29, 2029 and stated maturity November 1, 2029. The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which (i) rebalances daily among up to nine underlying indices plus a money‑market position, (ii) applies a 5% realized volatility control and (iii) charges a 0.65% per annum deduction (accruing daily). Investors bear issuer/guarantor credit risk, may receive only principal at maturity if the index return is zero or negative, and should review the pricing, fees and tax treatment described in the supplement.

The pricing supplement describes GS Finance Corp. medium‑term structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. Each note has $1,000 face amount, a 300% upside participation rate and an automatic call feature that pays $1,260 per $1,000 if the index on the call observation date is at or above the initial index level.

If not called, at maturity the cash settlement per $1,000 will be $1,000 + $1,000 × 300% × index return if the final index level is above the initial index level; otherwise holders receive $1,000. The notes do not pay interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are automatically called on the call payment date if the underlier closing level is >= the initial level, in which case holders receive $1,100 per $1,000 face amount.

If not called, maturity cash payment depends on S&P 500 performance: upside participation is at least 283.3%; a 15% downside buffer applies (buffer level = 85% of initial), with a buffer rate of approximately 117.65%. Investors may lose their entire investment if performance is sufficiently negative. Original issue price is 100% of face amount; underwriting discount up to 1.5%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked, non‑interest bearing medium‑term notes tied to the Nasdaq‑100® and S&P 500®. The notes have an aggregate face amount of $656,000 and a face amount of $1,000 per note. They pay no periodic interest, may be automatically called on the call observation date if each underlier’s closing level is at or above its initial level (resulting in a cash payment of $1,070 per $1,000), and otherwise the maturity payout depends solely on the lesser performing underlier with a 100% upside participation rate. These notes are cash‑settled, subject to issuer and guarantor credit risk, and are priced with an underwriting discount of 0.6%.

GS Finance Corp. offers callable, equity‑linked medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $8.167 per $1,000 face amount (0.8167% monthly; potential ~9.8% per annum) only if each reference stock closes at or above 70% of its initial price on a coupon observation date. The notes may be automatically called if each index stock closes at or above its initial price on a call observation date; stated maturity is April 3, 2031. The estimated value at pricing was approximately $973 per $1,000 face amount. Terms, anti‑dilution rules, market‑disruption mechanics, calculation agent discretion (GS&Co.), and credit risk of issuer/guarantor are described in the supplement.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with a stated maturity of April 1, 2031 and aggregate original face amount of $976,000 on the original issue date. The notes pay conditional quarterly coupons (up to 1.6875% quarterly, i.e., 6.75% per annum potential) only if the index closing level on a coupon observation date is at least 70% of the initial level (360.39). The issuer may redeem notes on specified coupon payment dates beginning April 2027 at 100% of face plus any coupon then due. The underlier applies up to 500% leverage, caps daily leverage change at 100%, and deducts a 6.0% per annum daily decrement, which can materially reduce index performance and coupon outcomes. The estimated value at pricing was approximately $965 per $1,000 face.

GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to an equally weighted basket of 9 common stocks including Alphabet, Microsoft, NVIDIA, Meta and others. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 20% (buffer level 80%) and are expected to mature May 2, 2028 with an expected automatic call observation date of May 10, 2027. If automatically called, each $1,000 face amount will pay at least $1,198 (set on the trade date). If not called, maturity payoffs depend on the basket return: positive returns receive principal plus 125% participation; moderate declines (down to 20%) return principal; larger declines reduce principal per the buffer mechanics. The estimated value at pricing is $900–$930 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced $14,846,000 of Contingent Income Auto-Callable Securities linked to the Class A common stock of Palantir Technologies Inc.. The securities mature April 2, 2029, are principal-at-risk and pay contingent quarterly coupons only when the underlying closing price on coupon observation dates is at or above a downside threshold equal to 50.00% of the initial share price. The initial share price is $143.06 and the downside threshold is $71.53. Each $1,000 security may be automatically called early if the underlying closes at or above the initial share price on any call observation date, in which case holders receive $1,000 plus the then-due contingent coupon. The contingent quarterly coupon accrual uses a $43.25 multiplier per coupon observation schedule. The estimated value at pricing was approximately $964 per security and the original issue price is 100% with a 2.25% underwriting discount.

GS Finance Corp. is offering autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average and the S&P 500 with an upside participation rate of 140% and a trigger buffer level of 70% of each initial underlier level. If, on the call observation date (April 5, 2027), the closing level of each underlier is greater than or equal to its initial level, each $1,000 face amount will be redeemed at $1,200 on the call payment date. If not called, payoff at the stated maturity (April 3, 2031) is determined by the lesser performing underlier: full principal if that underlier finishes at or above 70% of its initial level, but you may lose the majority or all of your investment if the lesser performing underlier finishes below 70% (payments can be as low as 0.000% of face).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers principal-protected-style notes linked to an equally weighted basket of seven common stocks. The notes have an original issue price of 100% of face and an estimated value at pricing of approximately $919 per $1,000 face amount. The notes may be automatically called on the call observation date (March 29, 2027) if the basket closing level is ≥ the initial basket level (100), producing a fixed payment of $1,140 per $1,000 on the call payment date. If not called, the maturity date is March 30, 2029, with a capped upside participation rate of 125% when the final basket level is above the initial level. A trigger buffer of 65% protects against limited declines; if the final basket level is below that buffer, holders absorb the full basket loss (potentially receiving substantially less than face). Underwriting discount is 2% plus a structuring fee up to 0.8%. Payments depend on basket performance, anti-dilution adjustments, market-disruption rules, and the issuer/guarantor creditworthiness.

GS Finance Corp. is offering $9,502,000 aggregate face amount of autocallable, buffered EURO STOXX 50® index-linked notes due March 30, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on April 9, 2027 for $1,134 per $1,000 face amount if the index is at or above the initial level 5,505.80, and otherwise pay at maturity based on index performance with a 15% downside buffer and a 150% upside participation rate. The original issue price is 100% of face, estimated value at pricing was $974 per $1,000, underwriting discount is 1.5% and net proceeds are 98.5% of face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk; purchasers could lose a significant portion of principal depending on final index performance.

GS Finance Corp. is offering $ Buffered Digital EURO STOXX 50® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is linked to the EURO STOXX 50 index, with a buffer level of 90% and a capped maximum settlement amount of $1,123 per $1,000 face amount. If the final index level is below the 90% buffer level, the notes lose approximately 1.1111% of principal for every 1% the index falls below the buffer; investors could lose their entire investment.

Key dates: trade date March 31, 2026, original issue date April 6, 2026, determination date April 13, 2027, stated maturity date April 16, 2027. The original issue price is 100% of face amount, underwriting discount 1%, net proceeds 99% of face amount. These notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the performance of the S&P 500® Futures Excess Return Index from the trade date (expected April 27, 2026) to the determination date (expected April 16, 2031).

The notes provide 175% upside participation if the final index level exceeds the initial level, protect principal only if the final index level is at least 80% of the initial level, and expose holders to substantial losses if the final level is below that buffer. GS Finance may redeem notes on monthly call payment dates beginning April 2027, with call premiums set on the trade date. The estimated value at pricing is between $885 and $935 per $1,000 face amount, reflecting fees and costs.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style equity‑linked notes tied to the S&P 500® Index. The notes pay no interest and settle in cash at maturity on April 14, 2027 based on the S&P 500 closing level on the determination date. If the final underlier level is >= the buffer level (85% of the initial level), holders receive a capped maximum settlement amount of $1,087.50 per $1,000 face. If the final underlier level is below 85% of the initial level, investors lose approximately 1.1765% of principal for each 1% decline below the buffer and could lose their entire investment. Trade date is March 27, 2026; original issue date is April 1, 2026. The offering aggregates $17,569,000 face amount; underwriting discount is 1% (net proceeds 99%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing notes linked to an equally weighted basket of seven stocks. The notes have a trade date of March 27, 2026, an original issue date of April 1, 2026, a stated maturity of March 30, 2029, and an automatic call feature on the call observation date March 29, 2027. If the basket closing level on the call observation date is greater than or equal to the initial basket level (100), the notes will be called and pay $1,186 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the basket return: positive returns receive 125% upside participation; returns between 0% and -35% yield protection equal to the absolute decline; returns below -35% result in a loss proportional to the negative basket return. The estimated value at pricing was approximately $940 per $1,000 face amount and the initial aggregate face amount was $2,010,000.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the S&P 500® Index with an aggregate face amount of $990,000. The notes pay at maturity a leveraged upside of 300% of the index return subject to a $1,150 maximum settlement per $1,000 face amount, trade date March 27, 2026, original issue date April 1, 2026, determination date April 27, 2027 and stated maturity April 30, 2027. If the final index level is at or below the initial level (initial level 6,368.85), holders lose pro rata principal (1% loss for each 1% decline). The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., carry an underwriting discount of 1.93% and net proceeds of 98.07% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly-coupon, autocallable notes linked to Constellation Energy Corporation common stock. The notes have an aggregate face amount of $203,000, trade date March 27, 2026, original issue date April 1, 2026 and stated maturity April 30, 2027. Coupons of $13.50 per $1,000 (1.35% monthly; up to 16.2% per annum) are paid only if the underlier closes at or above a coupon trigger level set at 56% of the initial underlier level on each coupon observation date. The notes are automatically called if the underlier closes at or above the initial level on a call observation date, in which case holders receive par plus any due coupon. If not called, the cash settlement at maturity is tied to the underlier return and could result in a total loss of principal; the initial underlier level is $301.49. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by Goldman Sachs, and carry issuer/guarantor credit risk.

GS Finance Corp. priced $24,604,260 of 2031 autocallable GEARS linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. The notes have a 100 initial basket level, upside gearing 2.0755, an autocall barrier 100% with a 14.00% call return on the April 2027 observation, and a 75.00% downside threshold at the March 27, 2031 determination date. Payments depend on basket performance and issuer/guarantor credit; estimated model value at trade date was approximately $9.50 per $10 face amount and the original issue price equals face amount.

GS Finance Corp. offers principal-protected contingent-return notes guaranteed by The Goldman Sachs Group, Inc., tied to the S&P 500® Index. The notes have an aggregate face amount of $1,500,000, trade date March 27, 2026, original issue date April 1, 2026, determination date November 8, 2033 and stated maturity date November 10, 2033. The notes pay no interest and settle in cash per $1,000 face amount.

At maturity you receive the maximum settlement amount of $1,761.50 if the final S&P 500 level is >= the trigger buffer level (85% of initial). If the final level is below that buffer, you lose 1% of face value for each 1% decline below the initial level and could lose your entire investment. The offering carries an underwriting discount of 3.75% (net proceeds 96.25% of face).

GS Finance Corp. offers two-year, S&P 500®-linked notes (guaranteed by The Goldman Sachs Group, Inc.) that pay no interest and whose cash payment at maturity is tied to the S&P 500 closing level on the determination date. The notes have a 250% upside participation rate subject to a $1,220.50 maximum per $1,000 face amount, a 10% buffer (buffer level = 90% of initial), and a structural downside that causes investors to lose 1% of face for each 1% the underlier falls below the buffer. Trade date is March 27, 2026, original issue date April 1, 2026, determination date March 27, 2028, and stated maturity March 30, 2028. Aggregate face amount initially offered is $1,616,000 and the notes were sold at 100% of face with a 0.8% underwriting discount.

GS Finance Corp. priced structured, non‑interest bearing notes linked to the Russell 2000 Index with a $250,000 aggregate face amount. Each $1,000 note returns either the face amount, a capped upside (200% participation up to a $1,233.50 cap) or a pro rata loss if the index falls below 60% of the initial level. The notes mature in March 2028 and are fully guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk and have limited liquidity.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with a 10% buffer (buffer level = 90%) and a maximum upside settlement amount of at least $1,159 per $1,000 face amount.

The trade date is April 27, 2026, original issue date April 30, 2026, determination date May 10, 2027 and stated maturity date May 13, 2027. If the final index level is below the buffer level, investors may lose substantially or their entire investment; the notes do not bear interest.

GS Finance Corp. is offering leveraged, callable S&P 500® Futures Excess Return Index‑linked notes due 2032, guaranteed by The Goldman Sachs Group, Inc. The notes reference the E‑mini S&P 500 futures (the underlier) with an upside participation rate of 125%.

Expected trade date is April 27, 2026 and original issue date is April 30, 2026; the determination date is expected to be April 16, 2032 and the stated maturity April 30, 2032. The issuer may redeem the notes on specified monthly call payment dates beginning April 30, 2027; call premium amounts for each call date are listed in the pricing supplement. The estimated value at term‑setting is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering $2,460,000 aggregate face amount of market-linked notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference an unequally weighted basket (EURO STOXX 50 40.00%, Nikkei 225 25.00%, FTSE 100 17.50%, SMI 10.00%, S&P/ASX 200 7.50%).

Key economic terms: trade date March 27, 2026, original issue date March 31, 2026, determination date March 27, 2031, participation rate 108.20%, face amount denomination $1,000. The estimated value on the trade date is approximately $953 per $1,000 and the original issue price is 100.00% (underwriting discount 3.50%). Payments (including principal) depend on the final basket level and are subject to the creditworthiness of the issuer and guarantor.

GS Finance Corp. is offering $3,275,800 aggregate face amount of Step Down Trigger Autocallable Notes due April 1, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the lesser performing of the S&P 500®, Nasdaq-100® and EURO STOXX 50® indices, carry no periodic coupon, may be automatically called on quarterly observation dates, and expose holders at maturity to a loss equal to the lesser performing index return (downside threshold 75.00% of initial index level). The per-annum call return starts at 11.03% and increases on later call dates. Estimated model value at issuance is about $9.52 per $10 face amount; original issue price is 100.00%. Investors may lose a substantial portion or all principal and are subject to issuer/guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. offers autocallable, buffered EURO STOXX 50® index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and does not pay interest. The notes may be automatically called on the call observation date (expected May 10, 2027) for at least $1,132.6 per $1,000 face amount. If not called, the maturity payoff (expected May 2, 2028) depends on the index performance versus the initial level set on the trade date (expected April 27, 2026). Key mechanics: a threshold settlement amount of $1,265.2, a buffer at 85% of the initial level (buffer rate ≈ 117.65%), upside participation of 100%, and an estimated initial model value of $900–$930 per $1,000 face amount.

Payments at maturity: if the final index level is ≥ the initial level you receive the greater of the threshold or $1,000 plus index return; if the final level is between 85% and 100% of initial you receive $1,000; if below 85% you incur losses scaled by the buffer rate. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. is offering $32,127,410 aggregate face amount of capped GEARS linked to the S&P 500® Index due 2027, guaranteed by The Goldman Sachs Group, Inc. Each $10 face amount pays at maturity an index‑linked cash settlement: upside participation = index return × 3.00 (up to a 16.90% cap, $11.69 maximum) or full downside exposure to index declines (you may lose some or all principal). Trade date was March 27, 2026, original issue date March 31, 2026, determination date May 26, 2027 and stated maturity May 28, 2027 (subject to postponement). The estimated value on the trade date was approximately $9.68 per $10 face amount; original issue price is 100.00% of face amount with a 2.00% underwriting discount (net proceeds 98.00%). Payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.; secondary market liquidity is uncertain.

The Goldman Sachs Group, Inc. offers $20,189,000 principal amount of Callable Fixed Rate Notes due March 17, 2036 under its Medium-Term Notes, Series N program. The notes bear interest at 5.35% per annum, payable annually on the last calendar day of March, with the first payment on March 31, 2027. The issuer may redeem the notes in whole, but not in part, on quarterly redemption dates on or after September 30, 2027, with at least five business days’ prior notice at a redemption price equal to 100% of principal plus accrued interest. The initial price to public is 100% of principal; underwriting discount is 2.267%, and proceeds before expenses to The Goldman Sachs Group, Inc. are $19,731,315.37.

The Goldman Sachs Group, Inc. is offering $321,786,000 of Callable Fixed Rate Notes due December 31, 2029. The notes pay interest at 5.00% per annum from the original issue date March 31, 2026

Interest is payable quarterly on the last calendar day of March, June, September and December, beginning June 30, 2026. Goldman Sachs may redeem the notes in whole (but not in part) on each quarterly redemption date on or after September 30, 2026, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ notice.

The initial price to public is 100% and underwriting discount is 0.48%, leaving proceeds to The Goldman Sachs Group, Inc. of $320,241,427.20 before expenses. The notes will be issued in book-entry form through DTC and are subject to FATCA withholding and various international distribution restrictions.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), proposes callable notes linked to the common stock of NVIDIA Corporation. Each $1,000 note pays a fixed monthly coupon of $11.834 (1.1834% monthly, up to ~14.2% per annum) and is subject to automatic monthly calls if the index stock closes at or above the initial index stock price. At maturity (expected May 10, 2027), if not called, principal repayment depends on NVIDIA’s performance versus a 60% trigger buffer: investors receive full face if the final stock price is ≥60% of the initial price, but suffer pro rata losses if below, potentially losing most or all principal. The estimated initial model value is $925–$955 per $1,000 face amount; purchase at issue price may exceed estimated model value. The notes are unsecured obligations subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering $28,101,000 of Callable Fixed Rate Notes due March 16, 2033 with a fixed interest rate of 5.00% per annum from the original issue date March 31, 2026. Interest is payable semiannually on the last calendar day of March and September, with the first payment on September 30, 2026.

The notes are callable by the issuer in whole (but not in part) on each redemption date beginning on or after September 30, 2027, on quarterly redemption dates with at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest. Initial public price is 100% with an underwriting discount of 1.808%, yielding proceeds to the issuer of $27,592,933.92.

The pricing supplement describes medium-term principal-at-risk notes issued by GS Finance Corp.The Goldman Sachs Group, Inc.. Each $1,000 note returns a cash payment at maturity tied to the S&P 500 Index performance from the trade date to the determination date, subject to a 10% buffer and a $1,255 cap on upside. Notes pay no interest, are sold at 100% of face with a 2.35% underwriting discount, and carry issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. priced a primary offering of $18,250,000 of callable fixed rate notes due March 15, 2041. The notes pay interest at 5.70% per annum from the original issue date, March 31, 2026, with annual interest payment dates on the last calendar day of March and principal at maturity.

The first interest payment is March 31, 2027. The issuer may redeem the notes in whole (not in part) on each quarterly redemption date on or after March 31, 2029, upon at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued and unpaid interest. Initial price to public was 100% with an underwriting discount of 2.586%, producing proceeds to the issuer of $17,778,055 before expenses.

GS Finance Corp. is offering Market Linked Medium-Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. Each security has a face amount of $1,000; the contingent fixed return will be at least 23.10% (at least $231 per security). The securities include a 10% buffer against declines in the underlier; if the ending level falls below the 90% threshold, investors have 1-to-1 downside beyond the buffer and may lose up to 90% of face amount. Estimated value at pricing is between $925 and $955 per $1,000. Pricing date is April 29, 2026 and stated maturity is November 2, 2028. Payments are cash-settled, limited to the contingent fixed return on upside, subject to issuer/guarantor credit risk and tax and secondary-market limitations.