Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced cash-settled, S&P 500®-linked medium-term notes with an aggregate face amount of $1,564,000, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return either the face amount or a capped upside (the maximum settlement amount of $1,167.50 per $1,000 face) based on the underlier return from the trade date to the determination date. The notes trade on a 100% original issue price with an underwriting discount of 2.07%, and maturity is tied to a determination date of December 26, 2028 and a stated maturity of December 29, 2028 (subject to adjustment).

The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes with a disclosed comparable yield of 4.65% per annum and a projected payment at maturity of $1,136.83 based on a $1,000 investment. Secondary-market liquidity and payments depend on issuer and guarantor creditworthiness and market conditions.

GS Finance Corp. offers $8,040,000 of structured, callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference Salesforce, Inc. common stock with an initial underlier level of $185.64, a coupon trigger and trigger buffer set at 60% of that level, and monthly contingent coupons of $11.125 per $1,000 face amount (potentially 13.35% per annum). The notes pay cash at maturity based on the underlier return unless automatically called; if the final underlier level falls below the trigger buffer, principal can be substantially or wholly lost. Trade date is March 26, 2026, original issue date March 31, 2026, and stated maturity April 29, 2027. Terms include an automatic call if the underlier closes at or above the initial level on a call observation date, underwriting discount of 2.15%, and net proceeds of 97.85% of face amount.

GS Finance Corp. offers $8,403,000 of callable, contingent‑coupon notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $11.584 per $1,000 (1.1584% monthly, up to ~13.90% per annum) when the IBM closing level on each coupon observation date is at or above 70% of the initial level (initial underlier level $241.67). The notes are subject to an automatic call if IBM’s closing level on any call observation date is at or above the initial level; if not called, maturity is April 29, 2027, and the cash settlement at maturity depends on the final underlier level (you could lose your entire investment if the final underlier level is below 70%). Original issue price is 100% of face, underwriting discount 2.15%, net proceeds to issuer 97.85%.

GS Finance Corp. prices two separate tranches of Buffered Index-Linked Notes guaranteed by The Goldman Sachs Group, Inc., each linked to one index: the S&P 500Index and the Russell 2000Index. Terms set on the trade date (expected April 27, 2026), original issue date expected April 30, 2026, and stated maturity expected May 1, 2031. Each $1,000 face amount pays at maturity based on the applicable index return, a 100% participation rate, an 85% buffer level (15% buffer amount) and a capped payout: at least $1,767.50 for the S&P 500 tranche and at least $2,050 for the Russell 2000 tranche. The pricing supplement discloses an estimated value range of $885 to $935 per $1,000 face amount at term-setting and states that the original issue price will be between a disclosed range and 100%, with underwriting discounts varying by investor class. The notes do not bear interest; payments are subject to the issuer's and guarantor's credit risk and to index performance only on the determination date (expected April 28, 2031).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, principal‑protected‑if‑negative, capped notes linked to a 10‑stock equally weighted basket. The notes have a trade date of March 26, 2026, an original issue date of March 31, 2026, and a stated maturity of March 29, 2029. For each $1,000 face amount, investors receive the face amount at maturity if the basket return is zero or negative; if the basket return is positive, investors receive $1,000 plus the basket return up to a maximum settlement amount of $1,280 (cap level = 128% of the initial basket level). The offering lists an aggregate face amount of $400,000 on the original issue date, an initial estimated value of approximately $972 per $1,000 face amount, an original issue price of 100%, an underwriting discount of 0.75%, and net proceeds to the issuer of 99.25%. The notes do not pay periodic interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent coupon notes linked to Oracle, Snowflake and Robinhood equity prices that mature April 2, 2031. The notes pay a monthly coupon of $7.917 or $0.209 per $1,000 face depending on whether each index stock meets a 70% trigger. The notes may be automatically called on observation dates beginning March 2027 if each stockmeets or exceeds its initial price, in which case holders receive principal plus the coupon. The estimated value at pricing was approximately $942 per $1,000 face amount and the original issue price is 100% with a 3.75% underwriting discount.

GS Finance Corp. priced a structured note linked to NVDA, AAPL and TSLA that pays monthly conditional coupons and may be automatically called. The notes have a stated maturity of March 29, 2029, an original issue price of 100% and aggregate face amount of $3,316,000. Coupons of $12.5 per $1,000 accrue monthly when each index stock ≥60% of its initial price; automatic calls occur if each stock ≥ its initial price on a call observation date. At maturity, if a trigger event occurs (each stock below its initial price), the cash payment depends on the lesser performing stock and could be significantly less than principal.

GS Finance Corp. is offering cash‑settled, principal‑amount notes whose payment at maturity is tied to the performance of the S&P 500® Futures Excess Return Index (the underlier). The offering totals $1,720,000 aggregate face amount in $1,000 notes, does not pay interest, and carries a 15% buffer (buffer level = 85% of the initial underlier level). If the final underlier level is below the buffer level, investors lose a dollar-for-dollar percentage beyond the buffer; if the final level is below the initial level but within the buffer, investors receive the absolute value of the underlier return as a positive return. The initial underlier level is 523.68. Trade date is March 26, 2026, original issue date March 31, 2026, determination date September 26, 2028, and stated maturity September 29, 2028. The original issue price equals face amount, underwriting discount is 2.75%, and net proceeds to issuer are 97.25% of face amount. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are payable in cash.

GS Finance Corp. offers autocallable S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an upside participation rate of 150%, a trigger buffer of 80% and an automatic call feature that may redeem the notes early for at least $1,126.50 per $1,000 face amount on the call payment date. If not called, maturity payments depend on the index performance: positive returns pay 1.5x the index return, modest declines up to 20% pay the absolute decline, and declines beyond 20% produce negative returns, potentially resulting in the loss of principal. The estimated value at trade date is expected between $900 and $930 per $1,000 face amount. Key dates are set on the trade date (expected April 2, 2026): original issue date (expected April 7, 2026), call observation date (expected April 15, 2027), call payment date (expected April 20, 2027), and stated maturity date (expected April 6, 2028).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the S&P 500 Index that mature in late March 2028. Payments at maturity depend on the index performance versus an initial level of 6,477.16. Notes pay no interest and have a 25% buffer: if the final index level is down by 25% or less, the notes pay a positive amount equal to the absolute index decline; if the final level is below the buffer, losses are magnified by a buffer rate of approximately 133.33%, and you could lose your entire investment. Upside is capped at $1,144 per $1,000 face amount. The offering aggregate face amount is $5,712,000. Risks include issuer/guarantor credit exposure, model-derived estimated value below issue price, limited secondary-market liquidity, tax uncertainty, and potential total loss if the index falls below the buffer.

GS Finance Corp. is offering contingent monthly-coupon, automatically callable notes linked to the common stock of NVIDIA Corporation (Bloomberg: NVDA UW) with an aggregate face amount of $1,331,000. Each note has a $1,000 face amount, a contingent monthly coupon payable only if the underlier closes at or above a 65% coupon trigger level, and an automatic call if the underlier closes at or above the initial underlier level ($178.68, closing level on March 25, 2026) on any call observation date. The stated maturity is March 30, 2028 (determination date March 27, 2028). At maturity, if not called, cash paid depends on final underlier performance: payments are capped at 100% of face amount for upside but can fall below face amount (down to 0%) if the final underlier level is below the 65% trigger buffer level; investors could lose their entire investment. Original issue price is 100% of face amount with a 0.4% underwriting discount (net proceeds 99.6%).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured medium-term notes linked to the Nasdaq-100 Index and the Russell 2000 Index. The pricing supplement shows an aggregate face amount of $514,000, an original issue price of 100% of face amount and net proceeds of 97% of face amount after a 3% underwriting discount. The notes pay no interest, may be automatically called on two annual observation dates (March 29, 2027 and March 27, 2028) with call premiums of 13.5% and 27%, and mature on April 2, 2029. At maturity the cash settlement is based solely on the lesser performing underlier: if that underlier is below the trigger buffer level (80% of initial), investors suffer losses equal to the lesser performing underlier return times $1,000; if at or above initial level, payment is capped by a 40.50% maturity premium. The notes are cash-settled, not secured, not FDIC-insured, and exposed to issuer/guarantor credit risk.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc. The offering has an initial aggregate face amount of $4,331,000, trade date March 26, 2026 and a stated maturity of April 2, 2031. Coupons are monthly and tied to the closing prices of four stocks: AMD, UnitedHealth, Tesla and NVIDIA. Each monthly coupon pays either the maximum $9.375 per $1,000 face amount (if every index stock is >= 77.5% of its initial price) or the minimum $0.209 per $1,000 face amount (if any index stock is below that threshold). Notes are automatically called if, on any call observation date, the closing price of each index stock is >= its initial price (initial prices are disclosed). The estimated value at pricing was approximately $941 per $1,000, below the issue price. The notes are unsecured obligations subject to the credit risk of the issuer and guarantor and include anti-dilution mechanics, market-disruption rules, and discretionary determinations by GS&Co. as calculation agent.

The Goldman Sachs Group, Inc. proposes Callable Fixed Rate Notes due 2041 that pay interest at 5.80% per annum from the expected original issue date of April 17, 2026 to the expected stated maturity of March 29, 2041. Interest is payable annually on each April 17, with the first payment expected on April 17, 2027.

The notes are redeemable at the issuer’s option in whole (not in part) on each scheduled redemption date (each Jan 17, Apr 17, Jul 17, Oct 17 on or after April 17, 2029) at 100% of principal plus accrued interest, subject to at least five business days’ notice. The offering will settle through DTC; delivery is expected on April 17, 2026. FATCA withholding rules apply.

GS Finance Corp. offers $3,939,000 of callable S&P 500® Index-Linked Notes due March 31, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, participate 100% in positive S&P 500 performance measured from the trade date (March 26, 2026) to the determination date (March 16, 2032), and repay the $1,000 face amount if the final index level is equal to or below the initial level of 6,477.16. The issuer may redeem the notes on scheduled monthly call payment dates beginning March 31, 2027 at 100% plus a specified call premium. The estimated value at pricing was approximately $927 per $1,000; the original issue price was 100% with an underwriting discount of 4.125%. Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

The pricing supplement for GS Finance Corp. notes (guaranteed by The Goldman Sachs Group, Inc.) describes 5-year, index-linked, principal-protected notes with an aggregate face amount of $1,082,000. The notes pay a capped cash amount if automatically called on the call payment date and otherwise a cash settlement at maturity linked to the Goldman Sachs Momentum Builder® Focus ER Index. Key economics: upside participation rate 300%, initial index level 110.61, estimated trade-date model value of $902 per $1,000 and an underwriting discount of 4%. The index applies daily rebalancing, a 5% realized volatility control, a momentum risk control and a 0.65% per annum deduction; large allocations to hypothetical cash positions are possible, which can materially reduce index returns. Tax and liquidity risks, credit exposure to GS Finance Corp. and Goldman Sachs, and the limited operating history of the index are disclosed.

GS Finance Corp. offers principal‑protected notes linked to Caterpillar Inc. stock, guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $700,000 and a stated maturity of April 29, 2027. Payment at maturity depends on the final underlier level versus an 80% buffer: if the final underlier level is greater than or equal to the buffer level (80%), each $1,000 face amount pays a capped maximum settlement amount of $1,172; if the final underlier level is below the buffer level, holders lose 1.25% of face amount for each 1% decline below the buffer, potentially losing the entire investment. The notes do not pay interest. The original issue price is 100% of face, underwriting discount 1%, and net proceeds to the issuer 99% of face.

GS Finance Corp. offers structured notes linked to the EURO STOXX 50® Index with an aggregate face amount of $2,410,000. The notes pay no interest and mature on March 31, 2031 (determination date March 26, 2031), with cash settlement per $1,000 face amount equal to $1,000 plus 113% times the underlier return if the final level exceeds the initial level (initial level 5,565.93). If the underlier return is zero or negative, holders receive the face amount. The notes are senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and tax rules treating them as contingent payment debt instruments.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index-linked notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 200% upside participation rate above an initial underlier level of 523.68, and include a 30% buffer (buffer level = 70% of the initial level). Holders receive principal at maturity based on the final underlier level on the determination date (March 24, 2031) subject to company redemption on scheduled call payment dates. The estimated value on the trade date was approximately $929 per $1,000 face amount; original issue price is 100% of face amount. Aggregate initial face amount: $4,338,000.

GS Finance Corp. offers leveraged callable Euro Stoxx 50® index-linked notes due March 31, 2031 with an aggregate face amount of $1,830,000. Each $1,000 note pays no interest and returns the face amount at maturity unless the final index level on the determination date exceeds the initial level of 5,565.93, in which case holders receive $1,000 plus 2.09 times the index return per $1,000.

The issuer may redeem the notes on quarterly call payment dates beginning April 2, 2027 at 100% of face plus a specified call premium (ranging from 10% to 47.5% depending on date). The estimated value on the trade date is approximately $940 per $1,000 face amount; original issue price is 100% with an underwriting discount of 2.5% and net proceeds of 97.5%.

GS Finance Corp. offers structured, non‑interest bearing notes (aggregate face amount $2,006,000) guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Futures Excess Return Index and pay either an automatic call payment of $1,122 per $1,000 on the call payment date if the underlier is at or above its initial level on the call observation date, or a cash settlement at maturity that depends on the final underlier level, a 125% upside participation rate, and an 85% buffer level. The notes may deliver significantly less than face amount at maturity if the final underlier level is below the buffer; examples show possible cash settlement as low as 15.000% of face. The original issue price is 100% with a 3.75% underwriting discount (net proceeds 96.25%).

Terms include trade date March 26, 2026, original issue date March 31, 2026, call observation date March 29, 2027, and stated maturity date April 2, 2031 (determination date March 26, 2031). Investors bear issuer/guarantor credit risk, structural risks tied to futures (including negative roll yield), no shareholder or futures‑holder rights, and tax characterization uncertainty.

GS Finance Corp. prices autocallable, buffered S&P 500® Index-linked notes due March 30, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes carry an initial underlier level of 6,368.85, an upside participation rate of 150%, a threshold settlement amount of $1,220 and an automatic-call payment of $1,110 per $1,000 if the S&P 500® closes at or above the initial level on the call observation date. If not called, principal protection applies only up to a 15% buffer; losses exceed that buffer on a leveraged basis. The estimated value at pricing is $900–$930 per $1,000 face.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non-interest notes linked to an equally weighted 9-stock basket. The notes have an expected trade date of April 2, 2026, an expected call observation date of April 15, 2027 and an expected stated maturity of April 6, 2028. 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 automatically called and pay at least $1,220 per $1,000 face amount. If not called, maturity pay depends on the basket return: positive returns receive 125% upside participation; returns down to a 15% buffer return the face amount; losses beyond the buffer are reduced by a buffer rate of approximately 117.65%, which can result in significant principal loss. The estimated value on the trade date is between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering $ Buffered Russell 2000® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity per $1,000 face depends on the Russell 2000 index return from the trade date to the determination date. If the final level exceeds the initial level, holders receive $1,000 plus the upside participation (at least 100%) times the index return. If the final level is between the initial level and the buffer level (85%), holders receive the $1,000 face amount. If the final level is below the buffer level, investors suffer a loss equal to 1% of face for each 1% the index is below the buffer, potentially losing a substantial portion of principal. The notes pay no interest, are payable in cash, and are subject to issuer and guarantor credit risk. Key dates include trade date April 30, 2026, original issue date May 5, 2026, determination date April 30, 2031, and stated maturity May 5, 2031. The offering includes standard distribution conflicts and limited secondary market liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay no interest and mature on September 30, 2027 (determination date September 27, 2027). For each $1,000 face amount, holders receive either the maximum settlement amount of $1,220 if the final underlier level is at or above the trigger buffer level (70% of the initial underlier level), or a cash amount equal to $1,000 plus $1,000 × the underlier return if the final underlier level is below that buffer. Losses on the notes are linear below the trigger buffer and can equal the entire face amount. The notes carry issuer/guarantor credit risk, are not interest-bearing, and the original issue price exceeds the models’ estimated value after fees; underwriting discount is 2.35%. Purchase price, market liquidity and tax treatment are discussed in the supplement.

GS Finance Corp. is offering cash‑settled, S&P 500®‑linked notes (aggregate face amount $1,073,000) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, include a 10% buffer (buffer level = 90% of the initial index level) and a 100% upside participation. The notes are subject to an automatic call on the call observation date; if called the issuer will pay $1,130 per $1,000 face amount on the call payment date. Stated maturity is April 2, 2029 and the determination date is March 26, 2029. The initial underlier level is 6,477.16. The notes are subject to the credit risk of GS Finance Corp. and its guarantor and may result in substantial loss if the final underlier level falls below the buffer.

GS Finance Corp. priced $2,991,000 of callable, buffered, monthly Nasdaq-100 Index®-linked range accrual notes due March 26, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay monthly interest up to an interest factor of 6.7% based on the fraction of scheduled trading days when the Nasdaq-100 closing level is ≥ 85% of the initial level (23,586.99). The issuer may redeem the notes at par on any monthly interest payment date on or after March 26, 2027. At maturity each $1,000 face amount pays par if the final index level ≥ 85% of the initial level; otherwise investors suffer a proportional loss (buffer = 15%).

The original issue price is 100% with an underwriting discount of 3.5% (net proceeds 96.5%); the estimated value at pricing was approximately $929 per $1,000 face amount. These notes carry issuer and guarantor credit risk and limited upside exposure to index gains.

GS Finance Corp. offers S&P 500®-linked principal-protected notes capped at a 17.5% upside. For each $1,000 face amount, investors receive $1,000 plus the S&P 500 underlier return at maturity if the final level exceeds the initial level, subject to a maximum settlement amount of $1,175. If the final level is equal to or below the initial level, holders receive the face amount. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk. The trade date is March 26, 2026, original issue date March 31, 2026, determination date December 26, 2028 and stated maturity December 29, 2028. Tax treatment follows contingent payment debt rules; the issuer's comparable yield is 4.65% per annum.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured, index‑linked notes with an aggregate face amount of $2,234,000. Each $1,000 note pays at maturity either the face amount or, if the index rises, $1,000 + $1,000 × 384% × index return. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index, have an initial index level of 110.61, a trade date of March 26, 2026, an original issue date of March 31, 2026, a determination date of March 26, 2029 and a stated maturity of March 29, 2029. The offering price is 100% of face amount with a 3.25% underwriting discount; the index methodology applies daily rebalancing, a 5% realized volatility control and a 0.65%/annum deduction that reduces index returns.

GS Finance Corp. and guarantor The Goldman Sachs Group, Inc. are offering structured, callable medium-term notes linked to the common stock of The Charles Schwab Corporation, Citigroup Inc., Advanced Micro Devices, Inc. and Tesla, Inc.. The offering has an aggregate face amount of $500,000 on the original issue date of March 31, 2026 and a stated maturity of April 4, 2033. Notes pay conditional monthly coupons based on a per-$1,000 coupon accrual factor of $6.834 (0.6834% monthly, up to ~8.2% annually) but only when the closing price of each index stock on a coupon observation date is at least 80% of its initial index stock price. Initial index stock prices are $94.47 (SCHW), $112.41 (C), $203.77 (AMD) and $372.11 (TSLA) as of the trade date March 26, 2026. The notes are subject to an automatic call (full redemption) if, on any call observation date, each index stock’s closing price is greater than or equal to its initial price; call observation dates commence March 2027. The estimated value at pricing is approximately $942 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and subject to the credit risk of the issuer and guarantor; GS&Co. acts as calculation agent with sole discretion over certain determinations.

GS Finance Corp. offers an autocallable, index‑linked note guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $44,480,000, a stated maturity of March 31, 2033, and an annual automatic call if the GSMBFC5 Index closes at or above 101% of the initial index level on a call observation date. The notes participate 100% in upside of the index (subject to a capped call premium on automatic calls) and pay at maturity either principal or a cash settlement tied to the index return. GS&Co.’s estimated value at trade date was $900 per $1,000 face amount, below the 100% original issue price; an additional amount of $58.199 declines to zero on June 25, 2026. For U.S. federal income tax purposes the notes are treated as contingent payment debt instruments; the pricing supplement states a comparable yield of 5.14% per annum and a projected payment at maturity of $1,433.90 per $1,000 (based on GS’s computation).

GS Finance Corp. offers structured, non-interest bearing notes linked to an equally weighted basket of six stocks with an aggregate original face amount of $6,664,000. The notes mature on March 30, 2028 and include an automatic call feature on April 8, 2027 that, if triggered, pays $1,180 per $1,000 face amount on the call payment date.

If not called, maturity payoffs depend on the basket return: a positive return pays principal plus 125% participation on gains; a return between 0% and -15% yields principal; a decline below -15% reduces principal according to a buffer rate of approximately 117.65%. The estimated value at pricing was approximately $942 per $1,000 face amount; original issue price is 100% with a 1.5% underwriting discount.

GS Finance Corp. priced structured notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index. The notes have a $1,000 face amount per note, trade date March 26, 2026, original issue date March 31, 2026, and stated maturity April 2, 2031. Coupons of $6.459 per $1,000 accrual (0.6459% monthly, ~7.75% annually potential) are payable only if the underlier on each monthly observation date is >= 85% of the initial level (815.71). Automatic full redemption occurs on a call observation date if the underlier is >= the initial level. At maturity, if final underlier >= 85% you receive $1,000 plus any final coupon; if final underlier <85% you receive $1,000 plus $1,000×(underlier return + 15%), which can result in substantial losses. Estimated value at pricing was approximately $931 per $1,000 face amount.

GS Finance Corp. is offering equity index linked, auto-callable medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Russell 2000® Index due May 2, 2030. Call dates start on May 4, 2027 with call premiums at least 10.70%, rising to at least 42.80% on the final calculation day. If not called, a 10.00% buffer applies: investors receive full face amount if the ending level is within the buffer; otherwise they have 1-to-1 downside beyond the buffer and could lose up to 90.00% of face amount. Pricing date is April 29, 2026; original offering price is $1,000 with an estimated value of $900–$930 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering $20,325,000 aggregate principal amount of Callable Fixed Rate Notes due March 30, 2028 with a fixed interest rate of 4.35% per annum, payable semiannually on March 30 and September 30, beginning September 30, 2026.

The notes are callable in whole, but not in part, on each redemption date on or after September 30, 2026, with at least five business days' prior notice, at a redemption price equal to 100% of principal plus accrued interest. The initial public offering price is 100.00% of principal; underwriting discount is 0.39%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing medium‑term notes linked to the S&P 500® Index. The notes have an aggregate face amount of $2,380,000, a trade date of March 26, 2026, an original issue date of March 31, 2026, a determination date of December 26, 2029 and a stated maturity date of December 31, 2029.

At maturity each $1,000 face amount will pay either (a) $1,000 plus the underlier return if the final underlier level exceeds the initial level, subject to a maximum settlement amount of $1,255, or (b) $1,000 if the final level is equal to or below the initial level (initial underlier level: 6,477.16). The notes do not pay periodic interest. The comparable yield for U.S. tax accruals is 4.7563% with a projected payment at maturity of $1,196.08 per $1,000 invested for tax purposes.

GS Finance Corp. priced a capped, non‑interest bearing, S&P 500®‑linked note guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $1,000,000 and pays no interest. The notes are automatically called if the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level; the automatic call would pay $1,113.20 per $1,000 face amount. If not called, the maturity payoff depends on the final underlier level: gains participate at an 150% upside participation rate, while losses are passed through 1:1 below a 70% trigger buffer (you could lose your entire investment). Trade date is March 26, 2026, original issue date March 31, 2026, call observation April 5, 2027, determination March 27, 2028, and stated maturity March 29, 2028.

GS Finance Corp. offers index-linked notes due expected June 4, 2027, guaranteed by The Goldman Sachs Group, Inc.. Payment at maturity for each $1,000 face amount is based on the lesser performing of the Russell 2000 and S&P 500 returns measured from the trade date (expected April 30, 2026) to the determination date (expected June 1, 2027).

The notes pay no interest. If both indices finish >= initial levels, holders receive $1,000 plus the lesser index return times at least a 100% participation rate. If either index finishes between 90% and 100% of its initial level, holders receive $1,000 plus the absolute value of the lesser return. If any index finishes below 90% of its initial level, the payoff equals $1,000 plus $1,000 times (lesser return + 10%), which can produce substantial principal loss. The estimated value at pricing is between $925 and $955 per $1,000 face.

GS Finance Corp. offers callable, contingent-coupon ETF-linked notes due January 2, 2029. The notes (aggregate face amount $1,843,000) pay quarterly coupons of $29.375 per $1,000 only if the VanEck Semiconductor ETF closing level is ≥ 80% of the initial level ($380.84) on observation dates, and are redeemable at issuer option on specified coupon dates. At maturity, if the final ETF return is ≥ -20% you receive $1,000 plus any final coupon; if the ETF return is -20% you suffer downside equal to the ETF return plus the 20% buffer, potentially receiving substantially less than face amount. The estimated value at pricing was approximately $946 per $1,000, the original issue price is 100% of face amount, and the offering carries an underwriting discount of 2.96%.

GS Finance Corp. is offering index-linked notes due March 30, 2028, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and the cash payment at maturity per $1,000 face amount is tied to the lesser performing of the Russell 2000® and the Nasdaq-100® measured from the trade date (March 26, 2026) to the determination date (March 27, 2028). If both index returns are positive, the payoff equals $1,000 plus the lesser performing index return (100% participation) capped at a maximum settlement amount of $1,212.50. If any index return is zero or negative, the holder receives the greater of $950 (minimum settlement amount) or $1,000 plus the lesser performing index return, meaning investors can lose up to 5% of principal at maturity. The estimated value at pricing was about $963 per $1,000 face amount (below issue price), the original issue price is 100% and the underwriting discount is 2.55%.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the Nasdaq‑100 and S&P 500. The notes have an aggregate face amount of $2,381,000 and include an automatic call feature that pays $1,150 per $1,000 if each underlier closes at or above its initial level on the call observation date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier, with a 150% upside participation rate, a 10% buffer (buffer level = 90% of initial), and potential large principal loss if the lesser performing underlier falls below the buffer. Key dates: trade March 26, 2026, issue March 31, 2026, call observation March 31, 2027 and determination/maturity in March 2030.

GS Finance Corp. is offering Leveraged Buffered EURO STOXX 50® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide leveraged upside (an upside participation rate of at least 160%) if the EURO STOXX 50 finishes above the initial level. A 25% buffer applies: if the final underlier level is between 100% and 75% of the initial level, investors receive the face amount ($1,000) at maturity; if the final level is below 75%, investors suffer losses equal to the decline beyond the buffer (buffer rate 100%), with illustrative cash‑settlement outcomes shown for various final index levels. Trade date is April 30, 2026 with stated maturity May 5, 2031. The notes are subject to issuer and guarantor credit risk, limited secondary‑market liquidity, model/pricing adjustments, and uncertain U.S. federal income tax treatment.