Goldman Sachs Group (GS) 424B Filings

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.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 16, 2046 with a stated interest rate of 5.90% per annum, issued on March 31, 2026 as part of its Medium‑Term Notes, Series N program. The initial principal amount offered is $21,320,000.

The notes pay interest annually on the last calendar day of March, beginning March 31, 2027, and are callable at Goldman Sachs’ option in whole (but not in part) on specified quarterly redemption dates on or after March 31, 2029, at a redemption price of 100% of principal plus accrued interest. The underwriters purchased the notes at a discount of 2.504%, producing gross proceeds to Goldman Sachs of $20,786,147.20 before expenses.

GS Finance Corp. offers $1,872,000 aggregate face amount of market‑linked notes linked to the S&P 500® Index due March 31, 2033, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note returns either the face amount at maturity or a positive payout equal to the index return times a 100% participation rate, capped at a 74.45% maximum return (maximum settlement amount $1,744.50 per $1,000). The notes carry issuer and guarantor credit risk, an estimated initial value of approximately $942 per $1,000 face amount, an original issue price of 100.00% and an underwriting discount of 3.50%.

The determination date is March 28, 2033 with stated maturity March 31, 2033. Payments are based solely on the closing S&P 500 level on the determination date; no interest is paid and there may be limited secondary market liquidity.

GS Finance Corp. is offering $16,695,500 aggregate face amount of trigger autocallable notes linked to the S&P 500® Index, maturing March 30, 2028, and guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on quarterly observation dates if the index meets a 100.00% autocall barrier, and provide contingent repayment of principal at maturity only if the final index level is at least 75.00% of the initial index level. The per‑annum call return starts at 11.12% and increases on later call dates; the estimated value on the trade date is approximately $9.72 per $10 face amount. Investors bear both index market exposure and the issuer/guarantor credit risk and may lose a substantial portion or all of their investment.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.50% per annum, with an original issue date expected to be April 17, 2026 and a stated maturity date expected to be March 31, 2036. Interest is expected to be paid annually on April 17, beginning on April 17, 2027.

The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates on or after October 17, 2027 (each January 17, April 17, July 17 and October 17) upon at least five business days’ prior notice. The notes will be issued in book-entry form as a master global note registered in the name of DTC or its nominee.

GS Finance Corp. offers $13,468,670 aggregate face amount of Capped Buffer GEARS linked to the S&P 500® Index, due March 30, 2028, guaranteed by The Goldman Sachs Group, Inc. The securities provide up to a 21.85% maximum return (maximum settlement amount of $12.185 per $10 face) with 2.00x upside gearing, a 10.00% buffer (downside threshold at 90.00% of the initial index level), and contingent repayment of principal only at maturity. The estimated value on the trade date was approximately $9.68 per $10 face and the original issue price is 100% of face amount; underwriting discount is 2.00.

GS Finance Corp. is offering autocallable, Nasdaq-100 Index®-linked notes due 2030, fully guaranteed by The Goldman Sachs Group, Inc. The notes have a 150% upside participation rate, a 57% trigger buffer, and will be automatically called for $1,100 per $1,000 if the underlier is at or above the initial level on the call observation date. If not called, maturity payoffs depend on final index performance: gains above the initial level receive upside participation; final index levels below the 57% trigger produce a loss equal to the underlier return times $1,000 (hypothetical example shows an 86% loss if the index falls to 14% of initial). Key trade and issue dates include Trade Date April 7, 2026 and Original Issue Date April 10, 2026; determination and maturity are in April 2030. The notes pay no interest, are cash-settled, not exchange-listed, and are subject to issuer/guarantor credit risk, pricing model discounts, underwriting and structuring fees, and uncertain U.S. federal tax treatment.

The Goldman Sachs Group, Inc. is offering $10,000,000 principal of Callable Fixed Rate Notes due 2031. The notes pay interest at 4.80% per annum from the original issue date March 31, 2026 to but excluding maturity on March 17, 2031, with annual interest payments each March 31 and the first payment on March 31, 2027. The issuer may redeem the notes in whole, but not in part, on each redemption date (the last calendar day of March, June, September and December on or after March 31, 2027) at 100% of principal plus accrued interest with at least five business days’ prior notice. The initial public offering size is $10,000,000 with an underwriting discount of 1.376%.

GS Finance Corp. offers non-interest bearing callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference three individual stocks — Alphabet Class C, Meta Class A, and NVIDIA — and include an automatic call feature starting on April 15, 2027 and a stated maturity of April 22, 2031

At maturity the cash payment per $1,000 face amount is tied to the lesser performing index stock: if each final price is >= 90% of its initial price the maximum settlement is $1,417.54; if any final price is below its initial price the holder receives $1,000. The estimated value on the trade date is between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers buffered, capped notes linked to the iShares MSCI ACWI ETF, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, trade date expected April 9, 2026, original issue date expected April 14, 2026, and stated maturity expected July 14, 2027. Payment at maturity is based on the ETF return from the initial underlier level set on the trade date to the final underlier level on the determination date, subject to a 10% buffer (you receive face amount if decline is ≤10%) and a cap at 119% (maximum $1,190 per $1,000). The estimated value on the trade date is expected to be between $925 and $955 per $1,000. The notes are unsecured obligations of GS Finance Corp., bear no interest, and are subject to issuer and guarantor credit risk and various market, tax and structural risks.

GS Finance Corp. is offering autocallable index-linked notes due April 15, 2031, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Russell 2000 and the S&P 500 and pay no interest; early automatic redemption is possible on specified quarterly observation dates.

Payments at maturity depend on the lesser performing underlier: if the final level of the lesser performing underlier is below 70% of its initial level, the investor suffers a proportional loss (you could lose your entire investment). The maturity cash payment is capped at 50.00% of face amount and quarterly call premiums range from 10% to 47.5% on listed call dates.

GS Finance Corp. offers callable S&P 500® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an expected trade date of April 30, 2026 and an expected stated maturity date of May 5, 2031. At maturity the cash settlement per $1,000 depends on the S&P 500® performance from the initial level to a determination date expected to be April 21, 2031: 150% upside participation if the final level exceeds the initial level; full return of face amount if final level is between 85% and 100% of the initial level; and a downside payoff that can substantially reduce principal if the final level is below 85% (buffer 15%). The issuer may redeem monthly beginning May 2027 at specified call premiums. The estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers S&P 500® Futures Excess Return Index‑Linked Notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and a stated trade date of April 30, 2026. The cash payment at maturity is if the final underlier level is greater than the initial underlier level: $1,000 plus $1,000 times the upside participation rate times the underlier return; otherwise the payment equals the face amount. The upside participation rate is stated as at least 131%. The underlier is the S&P 500® Futures Excess Return Index, which tracks E‑mini S&P 500 futures (not the S&P 500® index). The notes pay no interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 9, 2027 if the S&P 500 closing level is ≥ the initial level, and otherwise pay at maturity on March 30, 2028 based on final index performance. If called, the cash payment per $1,000 face amount is $1,112.10; if not called, holders face downside exposure subject to a 15% buffer and a buffer rate of approximately 117.65%, meaning investors could lose their entire investment if the final index level is sufficiently low.

GS Finance Corp. is offering index-linked notes guaranteed by The Goldman Sachs Group, Inc. that pay at maturity based on the lesser-performing of the Russell 2000® and the S&P 500® returns measured from the trade date (2026-04-27) to the determination date (2029-04-27), with a stated maturity expected to be 2029-05-02. For each $1,000 face amount, payment formulas depend on three scenarios: (1) both underliers >= initial level (payment = $1,000 + participation × lesser return), (2) any underlier negative but final levels >= 85% of initial (payment = $1,000 + absolute lesser return), or (3) any underlier 85% of initial (payment = $1,000 + lesser return + 15%), which can produce substantial losses. The upside participation rate will be set at least 105% on the trade date. The estimated value at pricing is expected to be between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering $1,000-face Autocallable Nasdaq-100 Index®-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 125%, a buffer level of 85% (buffer amount 15%), and will be automatically called if the underlier on the call observation date is greater than or equal to the initial level. If automatically called, the call payment will be at least $1,127.50 per $1,000 face amount. Trade date is April 30, 2026, original issue date May 5, 2026, call observation date April 30, 2027, determination date May 1, 2028, and stated maturity May 8, 2028. If not called, maturity payment depends on final underlier level: outcomes range from full principal to substantial losses (example: a final underlier at 21% of initial would yield 36.0% of face, a 64.0% loss). Investors bear issuer/guarantor credit risk, have no shareholder rights in the underlier, and should note tax and market-liquidity uncertainties.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face‑amount note pays no interest and delivers a cash settlement at maturity tied to the S&P 500® performance from the trade date to the determination date.

If the final underlier level is ≥ the buffer level (90% of the initial level), holders receive the capped maximum settlement amount of at least $1,111.50 per $1,000 face amount. If the final level is below 90%, holders incur losses equal to approximately 1.1111% of face amount for each 1% decline below the buffer level and could lose their entire investment. The notes are senior unsecured obligations, issued at 100% of face with a 1% underwriting discount and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers autocallable, index-linked notes due April 29, 2033 linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay cash on automatic call dates if the index meets rising call levels; otherwise maturity payment depends on index performance with a 100% upside participation rate.

The index rebalances daily among up to ten underlying assets, applies a 5% realized volatility control and subjects the index to a 0.65% annual deduction (accruing daily). GS&Co. estimates the notes' value on the trade date at $850 to $890 per $1,000 face amount, below issue price.

GS Finance Corp. is offering two separate buffered, index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each tranche links to one index: the EURO STOXX 50® or the S&P 500® Futures Excess Return Index. The notes pay no interest and mature on May 1, 2031 with returns determined by the index performance from the trade date (expected April 27, 2026) to the determination date (expected April 28, 2031).

For each $1,000 face amount the payoff is: (1) if the final index level > initial level, $1,000 plus participation (% set on trade date) times index return; (2) if final level ≤ initial but ≥ buffer level, $1,000; (3) if final level < buffer level, $1,000 times (index return + buffer amount), which can result in a significant loss of principal.

GS Finance Corp. offers $1,000 face‑amount Euro Stoxx 50® index‑linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and at maturity either return the face amount or, if the final index level exceeds the initial level, pay $1,000 plus $1,000 times the upside participation rate times the underlier return. The trade date is April 30, 2026 and the determination date is April 30, 2031. The upside participation rate is stated to be at least 127.5%. The notes are subject to issuer and guarantor credit risk, limited secondary‑market liquidity, special U.S. tax treatment as contingent payment debt instruments, and various foreign‑market and withholding risks.

GS Finance Corp. priced callable, buffered notes linked to the S&P 500® Futures Excess Return Index. The notes mature expected April 30, 2031 and may be redeemed on scheduled call payment dates beginning in April 2027. Payment at maturity per $1,000 depends on the underlier return: a 160% upside participation rate if the final level is at or above the initial level; an absolute return if the final level is between 80% and 100% of the initial level; and a loss formula if below 80%, with a 20% buffer built into the payoff. The trade date and initial level are expected on April 27, 2026. Estimated value on the trade date is expected between $885 and $935 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer and guarantor credit risk. Call premium schedule is set on the trade date and specific call premium minimums are listed for each call date.

GS Finance Corp. is offering $2,347,000 aggregate face amount of fixed-coupon, buffered notes linked to the S&P 500® Volatility Plus Daily Risk Control Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $15 per $1,000 (1.5% quarterly, up to 6% per annum) beginning June 2026 and mature on April 2, 2029. Principal repayment at maturity depends on the index performance measured from the trade date (March 26, 2026) to the determination date (March 23, 2029); if the final index level is at or above 85% of the initial underlier level (5,870.02), holders receive the face amount, otherwise repayment is reduced by the underlier return below the 15% buffer. The pricing supplement states an estimated value of approximately $949 per $1,000 face amount on the trade date and an original issue price of 100% with an underwriting discount of 3% (net proceeds 97%).

GS Finance Corp. is offering leveraged buffered EURO STOXX 50® Index-Linked Notes maturing in 2031, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the EURO STOXX 50 performance from the trade date to the determination date. The notes pay no interest and are principal-at-risk below an 80% buffer level; upside participation is at least 152.5% of any gain above the initial level. Trade date is April 27, 2026, original issue date April 30, 2026, determination date April 28, 2031, and stated maturity date May 1, 2031. The notes are part of the Medium-Term Notes, Series F program and will be issued in book-entry form; calculation agent is Goldman Sachs & Co. LLC. The estimated value at issuance is lower than the original issue price, reflecting fees, underwriting discounts and model inputs; secondary market liquidity is not assured.

GS Finance Corp. offers $1,378,000 aggregate face amount of callable, equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature April 2, 2029, are subject to automatic monthly calls beginning September 2026, and pay a conditional monthly coupon based on two index stocks: Palantir Class A (initial price $147.56) and AMD (initial price $203.77). Coupons accrue at $14.584 per $1,000 per coupon observation (1.4584% monthly) only if both index stock prices meet a 50% trigger threshold on observation dates. If not called and a "trigger event" occurs (both final prices below initial prices on determination date), redemption at maturity is tied to the lesser performing index stock and could result in substantial principal loss. The estimated value at trade date was approximately $950 per $1,000; issue price is 100% with a 3.5% underwriting discount (net proceeds 96.5%).

GS Finance Corp. is offering callable, contingent-coupon S&P 500® Index-linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays a quarterly contingent coupon of at least $19.50 if the S&P 500 closing level on the observation date is ≥ 70% of the initial level. If not redeemed early, at maturity holders receive $1,000 if the final index level is ≥ 70% of the initial level; otherwise the cash settlement equals $1,000 × the underlier return, which could result in the loss of the entire investment. Goldman may redeem the notes on coupon payment dates beginning May 2027. The trade date is April 30, 2026, and the original issue date is May 5, 2026. The terms, pricing and certain fees will be set on the trade date.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to an equally weighted 4‑bank stock basket. The notes mature March 30, 2028 but may be automatically called if the basket closing level on the call observation date April 8, 2027 is at least the initial level, producing a cash payment of $1,180 per $1,000 on the call payment date. At maturity the cash payable depends on the basket return: positive returns receive participation at an upside participation rate of 125%, modest declines down to a buffer level of 85% return principal, and declines below the buffer result in reduced principal calculated using the buffer rate (~117.65%). The prospectus notes an estimated initial value of approximately $956 per $1,000 face amount and original issue price of 100% with an underwriting discount of 1.5%.

The offering describes medium-term, cash-settled notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder® Focus ER Index. For each $1,000 face amount, at maturity investors receive either $1,000 or $1,000 plus 438%×index return if the final index level exceeds the initial index level. The notes do not pay interest, are subject to issuer and guarantor credit risk, and include an underwriting discount of 3.12%. Key dates include trade date March 26, 2026

GS Finance Corp. is offering contingent quarterly coupon notes (linked to Micron Technology, Inc.) with an aggregate face amount of $950,000. The notes pay contingent quarterly coupons when the underlier closes at or above a 60% trigger and will be automatically called early if Micron closes at or above the initial level of $355.46 on any call observation date. If not called, final cash at maturity depends on the underlier return; losses can reach 100% of principal if the final underlier level is sufficiently low. Original issue price is 100% of face; underwriting discount is 2%.

GS Finance Corp. offers $1,000‑face Leveraged Buffered S&P 500® Index‑Linked Notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on S&P 500 performance from the April 30, 2026 trade date to the April 30, 2031 determination date. If the final level exceeds the initial level, holders receive $1,000 plus an upside participation (at least 102%) of the index return. If the final level is down but within the 15% buffer (buffer level = 85% of the initial level), holders receive the $1,000 face amount. If the final level falls below the buffer, holders incur losses pro rata and may lose a substantial portion of principal. The notes pay no interest and are exposed to issuer/guarantor credit risk, limited secondary‑market liquidity, and tax uncertainties described in the supplement.

GS Finance Corp. offers five-year, non‑interest bearing notes linked to the EURO STOXX 50® Index. For each $1,000 face amount, the cash settlement at maturity depends on the index return from trade date March 26, 2026 to determination date March 26, 2031 and on a 155.2% upside participation rate. If the final index level is ≥ the initial level, you receive $1,000 plus the upside participation times the index return; if the final level declines by ≤20% (the buffer), you receive $1,000; if it falls by more than 20%, you incur a proportional loss of principal.

The notes pay no interest, are fully guaranteed by The Goldman Sachs Group, Inc., have an aggregate face amount of $605,000, an original issue price of 100% of face, an underwriting discount of 3.55%, and stated maturity March 31, 2031. Investors remain exposed to the issuer and guarantor credit risk, market and foreign‑market risks tied to the EURO STOXX 50®, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers contingent income auto-callable securities guaranteed by The Goldman Sachs Group, Inc., linked to the worst-performing of IWM, QQQ and SPY. The notes pay a contingent quarterly coupon of at least $35.05 per $1,000 when each underlying ETF closes at or above a 75.00% downside threshold on coupon observation dates. The securities may be automatically called if each ETF closes at or above its initial ETF price on any call observation date. If not called, maturity is expected April 4, 2028, with payment at maturity equal to $1,000 if all final ETF prices are at or above their downside thresholds, or otherwise $1,000 multiplied by the worst-performing ETF performance factor. Estimated value range at pricing: $920 to $980. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. applies.

GS Finance Corp. is offering Autocallable Index-Linked Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes reference the Nasdaq-100 Index and the Russell 2000 Index, do not bear interest, include annual automatic call opportunities, and cap upside while exposing holders to full downside of the lesser performing underlier. Key dates include a Trade date: April 27, 2026, Original issue date: April 30, 2026, and a Stated maturity date: May 4, 2029. The pricing supplement sets a trigger buffer level at 80%, a maturity date premium amount of at least 44.25%, and call premium amounts of at least 14.75% (first call) and 29.5% (second call). The notes are cash-settled, may be automatically called in full (not partially), and investors may lose their entire investment if the lesser performing underlier falls below the trigger buffer.

GS Finance Corp. is offering autocallable index-linked notes due May 4, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are linked to the Nasdaq-100 and Russell 2000; automatic semi-annual calls can redeem the notes early with specified call premiums. At maturity (if not called) the cash payment is determined by the lesser performing underlier, with a 150% upside participation, a 15% buffer (buffer level = 85% of initial level) and a buffer rate of 100%. Investors face issuer/guarantor credit risk and may lose a substantial portion of principal if the lesser performing underlier falls below the buffer; a zero final level example yields a cash settlement of 15% of face.

The issuer, GS Finance Corp., through a pricing supplement, offers EURO STOXX 50® index-linked notes due May 1, 2031 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and, at maturity, will return for each $1,000 face amount either $1,000 or $1,000 plus the product of the upside participation rate and the underlier return, depending on whether the final underlier level exceeds the initial level. Key dates include a trade date of April 27, 2026, original issue date of April 30, 2026, and a determination date of April 28, 2031. The upside participation rate is stated as at least 113.5%. The notes are cash-settled, not exchange-listed, subject to issuer and guarantor credit risk, treated as contingent payment debt instruments for U.S. federal income tax purposes, and may be illiquid.

GS Finance Corp. offers Dow Jones Industrial Average®-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity either the face amount or a cash payment tied to the DJIA performance, capped at a $1,155 maximum settlement amount. The notes pay no interest, are debt of GS Finance Corp., and are fully guaranteed by The Goldman Sachs Group, Inc. Trade date and original issue date terms will be set on the trade date; the prospectus and listed supplements contain the full terms, tax treatment, and risk factors.

GS Finance Corp. offers $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is linked to the S&P 500 performance from an initial level of 6,368.85 set on March 27, 2026. If the final underlier level is >= the buffer level (85%) the holder receives a capped maximum settlement of $1,093 per $1,000 face amount. If the final underlier level is below the buffer level, holders lose approximately 1.1765% of principal for each 1% decline below the buffer (buffer rate ≈ 117.65%), and could lose their entire investment. Trade date is March 30, 2026, original issue date April 2, 2026, determination date April 12, 2027, and stated maturity date April 15, 2027. The notes are issued at 100% of face, carry a 1% underwriting discount (net proceeds 99%), and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering non-interest-bearing structured notes linked to an equally weighted basket of six stocks (Boeing, Constellation Energy, Eaton, KLA, L3Harris, MP Materials). The notes mature expected April 6, 2028 and may be automatically called if the basket closing level on the call observation date (expected April 15, 2027) is at or above the initial level of 100, producing at least $1,203 per $1,000 face amount on the call payment date. At maturity the notes pay: (a) $1,000 plus 125% participation on positive basket returns; (b) $1,000 if the final basket level is between 85% and 100% of initial; or (c) a reduced cash amount if the final basket level is below 85%, using a buffer rate of approximately 117.65%. The trade date is expected April 2, 2026. The estimated value on the trade date is between $900 and $930 per $1,000 face amount. Risks include issuer/guarantor credit risk, limited secondary market liquidity, no dividend entitlement, anti-dilution adjustment mechanics, and calculation-agent discretion.

GS Finance Corp. is offering principal-protected‑buffer notes linked to the VanEck Semiconductor ETF that mature on February 5, 2029 unless redeemed earlier. Each $1,000 note may pay a quarterly coupon of at least $38.125 if the ETF closing level on a coupon observation date is ≥ 80% of the initial level. At maturity, if the final ETF level is ≥ 80% of the initial level you receive $1,000 plus any final coupon; if below 80% you absorb losses equal to $1,000 × (ETF return + 20%), which can materially reduce principal. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; payments are therefore subject to their credit risk. The expected trade date is April 30, 2026, original issue date is expected to be May 5, 2026, and the estimated value at terms is between $925 and $965 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected‑style notes linked to the VanEck Semiconductor ETF (SMH) that mature on January 30, 2029 unless earlier redeemed. The notes may pay quarterly coupons of at least $31.25 per $1,000 face amount (3.125% quarterly; 12.5% per annum) only if the ETF closing level on each coupon observation date is at least 80% of the initial ETF level. There is a 20% buffer: at maturity holders receive $1,000 if the final ETF level is ≥ 80% of the initial level; if below that threshold the maturity payment is reduced by the underlier return beyond the buffer, potentially causing substantial loss. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The expected trade date is April 27, 2026 and expected original issue date is April 30, 2026. The estimated model value on the trade date is between $925 and $965 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Step-Up Fixed Rate Notes due April 1, 2033 under its Medium-Term Notes, Series N program. The notes pay 5.05% per annum from issuance (expected April 1, 2026) until April 1, 2030, and 6.00% thereafter until maturity. Interest is expected April 1 and October 1, first payment on October 1, 2026. The issuer may redeem in whole (not in part) on expected redemption dates on or after April 1, 2030, at 100% of principal plus accrued interest with at least five business days’ notice. Notes are book-entry, $1,000 denominations, not listed, and not FDIC insured.

GS Finance Corp. is offering autocallable, index-linked notes due 2033 guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index and include an automatic annual call feature and a 100% upside participation rate. Trade date is April 16, 2026 and original issue date is April 21, 2026. GS&Co. estimates the notes' value on the trade date at $850 to $880 per $1,000 face amount (below the face amount). If not called early, maturity is April 21, 2033, with cash settlement tied to index performance; downside is limited to repayment of face amount if the index return is zero or negative. The index methodology applies daily rebalancing, a 5% realized volatility control, a momentum risk control, and a deduction of 0.65% per annum (accruing daily), which can materially reduce index exposure to underlying assets.

GS Finance Corp. offers $ Autocallable Contingent Coupon Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of ServiceNow, Inc. and pay a contingent monthly coupon of $14.792 per $1,000 (1.4792% monthly, potential ≈ 17.75% per annum) when the underlier meets the coupon trigger level (56% of the initial level). The notes are subject to an automatic call if the underlier closes at or above the initial level on any call observation date; principal at maturity is cash-settled and can range from $0 to $1,000 per $1,000 face amount depending on the final underlier level. Trade date is April 14, 2026, original issue date April 17, 2026, and stated maturity May 19, 2027. Investors bear issuer and guarantor credit risk and may lose their entire investment if the final underlier level is below the trigger buffer level (56% of the initial level).

GS Finance Corp. is offering $1,000 face-amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due April 19, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay cash at maturity based on the index performance, feature semi-annual automatic calls starting April 19, 2027, and have an estimated trade-date value of $885 to $935 per $1,000. The maturity-date premium amount is set at at least 58.2%, and call premium amounts range from at least 9.70% to 53.35% on listed call dates. The index applies a 5% realized volatility control, a momentum risk control, and a 0.65% per annum deduction that can materially reduce index returns. The notes do not pay interest, are subject to issuer and guarantor credit risk, and may allocate substantial exposure to hypothetical cash positions that earn no excess return.