Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering 139,000 Leveraged Index Return Notes® (principal amount $10.00 per unit) due April 3, 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes provide 198.00% participation in increases of the worst-performing of the EURO STOXX 50® and Russell 2000® indices, return of principal if the Worst-Performing Market Measure declines by no more than 25.00%, and 1-to-1 downside exposure below that Threshold (up to 100.00% principal at risk). The offering price is $10.00 per unit (aggregate public offering $1,390,000); the estimated value on the pricing date was approximately $9.67 per $10 principal amount. Payments occur at maturity and are subject to issuer and guarantor credit risk; there will be no periodic interest and limited secondary market liquidity.

GS Finance Corp. is offering leveraged, index-linked medium-term notes due April 5, 2030, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either the face amount or $1,000 + ($1,000 × 111.5% × underlier return) depending on the S&P 500® Futures Excess Return Index performance measured from the April 2, 2026 trade date to the April 2, 2030 determination date. The notes pay no periodic interest, are cash-settled, and are subject to issuer and guarantor credit risk, potential market-disruption adjustments, and futures-specific risks such as negative roll yield. The offering may include underwriting discounts and a declining excess amount reflected between trade date and an additional-amount end date noted on the cover.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due May 19, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Salesforce, Inc. (Bloomberg: CRM UN).

The notes pay a contingent monthly coupon of $11.75 per $1,000 face amount (1.175% monthly, up to 14.10% per annum) only when the closing level of the underlier on a coupon observation date is at or above the coupon trigger level (60% of the initial underlier level). The notes are automatically called if the underlier closes at or above the initial underlier level on any call observation date. If not called, the cash settlement at maturity depends on the final underlier level relative to a trigger buffer level (60%); declines below that buffer expose investors to losses, potentially the entire investment.

GS Finance Corp. is offering $ Buffered Digital S&P 500^® Index-Linked Notes due April 15, 2027, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity is cash and depends on S&P 500 performance measured from the initial level on March 27, 2026 to the determination date on April 12, 2027. If the final underlier level is at or above the buffer level (90% of the initial level) holders receive the capped maximum settlement amount of $1,110.60 per $1,000 face amount. If the final level is below the buffer level, holders lose approximately 1.1111% of face for each 1% decline below the buffer level and may lose their entire investment. The notes pay no interest and were offered at 100% of face with a 1% underwriting discount.

GS Finance Corp. is offering leveraged buffered S&P 500® Futures Excess Return Index‑linked notes due April 21, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, pays no interest and will settle in cash at maturity based on the underlier's performance measured from the trade date to the determination date.

If the final underlier level is above the initial level, holders receive the face amount plus the underlier return times a 191.25% upside participation rate. If the final level is down but within a 20% buffer (buffer level = 80% of initial), holders receive the face amount. If the final level is below the buffer, holders incur losses equal to 100% × (underlier return + 20%) of the face amount and could lose a substantial portion of principal. The underlier is the SPXFP Index, which tracks E‑mini S&P 500 futures (futures performance and financing/roll effects may differ from the S&P 500® Index).

GS Finance Corp. offers $26,081,000 of indexed, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $11.792 per $1,000 (1.1792% monthly, up to approximately 14.15% per annum) if each underlier meets a 70% coupon trigger on observation dates.

Payments at maturity depend solely on the lesser performing underlier (Nasdaq-100, Russell 2000, EURO STOXX 50). If not called, principal is repaid only if the final lesser performing underlier is at or above 70% of its initial level; otherwise the cash settlement equals $1,000 × the lesser performing underlier return, which could result in a total loss of principal. Trade date: March 26, 2026; original issue date: March 31, 2026; stated maturity: March 29, 2030.

GS Finance Corp. is offering structured, principal‑at‑risk notes linked to the S&P 500 Index under a Pricing Supplement dated March 26, 2026. The notes (aggregate face amount $1,102,000) pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc.

Payment at maturity depends on the S&P 500 performance from the trade date to the determination date: an upside participation rate of 200% subject to a $1,244.10 per $1,000 maximum settlement, a 10% buffer (buffer level = 90% of initial level) that preserves principal if losses do not exceed the buffer, and downside exposure beyond the buffer resulting in proportional losses to principal. Trade date: March 26, 2026; original issue date: March 31, 2026; determination date: September 26, 2028; stated maturity: September 29, 2028.

GS Finance Corp. is offering $ Buffered Digital S&P 500^® Index-Linked Notes due April 20, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 performance from the trade date to the determination date: if the final underlier level is ≥ the buffer level (85% of the initial level) the holder receives a capped maximum settlement amount (at least $1,093.50 per $1,000 face amount); if the final level is below the buffer level the investor absorbs losses equal to approximately 1.1765% of face amount for each 1% decline below the buffer (the buffer rate is ~117.65%). The notes pay no interest, are subject to issuer/guarantor credit risk, may lack liquidity, and may result in total loss of principal.

GS Finance Corp. offers S&P 500®-linked principal-protected notes underwritten by Goldman Sachs & Co. The pricing supplement covers an aggregate face amount of $1,333,000 of notes that pay no interest and settle in cash at maturity based on the S&P 500® Index performance. Notes pay the face amount if the final index level is within a 15% buffer (buffer level = 85% of initial level); gains above the initial level are passed through up to a $1,180 maximum settlement per $1,000 face amount. If the final index level falls below the buffer level, holders incur downside loss proportional to the index decline. Trade date is March 26, 2026, original issue date March 31, 2026, determination date September 27, 2027, and stated maturity September 30, 2027. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering contingent quarterly coupon medium-term notes tied to the common stock of NVIDIA Corporation (Bloomberg: NVDA UW) with an aggregate face amount of $26,980,000. Each $1,000 note pays a contingent quarterly coupon if the underlier closes at or above a 55% coupon trigger; notes are automatically called if the underlier closes at or above the initial level. At maturity, if not called, cash settlement per $1,000 depends on final underlier performance: if final level is at or above the 55% trigger buffer, investors receive $1,000; if below, investors receive $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal. The notes are unsecured senior debt of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., carry underwriting discount of 1.5%, and have original issue date March 31, 2026 and stated maturity September 30, 2027.

GS Finance Corp. offers S&P 500® Index-Linked Notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. On the stated maturity date you will receive either the face amount or a cash payment tied to the S&P 500 return, capped at a maximum settlement amount of at least $1,290 per $1,000 face amount. The trade date is April 27, 2026, original issue date is April 30, 2026, determination date is January 28, 2030, and stated maturity date is January 31, 2030. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes and may require holders to accrue income over the term based on a stated comparable yield.

GS Finance Corp. offers S&P 500®-linked principal-at-risk notes maturing March 29, 2029, guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $2,260,000 in face amount and pays no interest. Payouts depend on the S&P 500 performance versus an initial level of 6,477.16 on the trade date.

For each $1,000 face amount, upside and downside participation rates are 125% with a 20% buffer (buffer level = 80% of initial). A maximum upside settlement amount caps payment at $1,245.6 per $1,000. Original issue price is 100% of face less a 2.5% underwriting discount (net proceeds 97.5%). The notes are cash-settled, subject to issuer and guarantor credit risk, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Leveraged Buffered Russell 2000® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. The cash payment at maturity depends on the Russell 2000® Index performance from the trade date to the determination date, with a 10% buffer, a 200% upside participation rate and a $1,320 maximum settlement amount. Key dates shown include a trade date of April 30, 2026, an original issue date of May 5, 2026, a determination date of May 1, 2028 and a stated maturity date of May 4, 2028. The notes are exposed to issuer/guarantor credit risk, limited upside because of the cap, potential substantial principal loss if the underlier falls more than the buffer, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers structured notes tied to S&P 500® Futures Excess Return Index (SPXFP Index) with an aggregate face amount of $2,506,000. The notes mature on March 31, 2031 and pay no interest. Cash at maturity depends on the underlier return measured from the trade date to the determination date.

If the final underlier level exceeds the initial level, holders receive the face amount plus the upside participation rate (146.7%) times the underlier return. If the final level is between the initial level and the buffer level (70% of initial), holders receive the face amount. If the final level is below the buffer level, holders incur a proportional loss tied to the buffer amount (30%) and buffer rate (100%), potentially losing a substantial portion of principal.

The notes are cash-settled, fully guaranteed by The Goldman Sachs Group, Inc., originally issued at 100% of face with an underwriting discount of 3.55%. The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. priced principal-at-risk notes due April 2, 2031. The notes are linked to the S&P 500® Futures Excess Return Index and the State Street® Utilities Select Sector SPDR® ETF (XLU) and feature automatic early redemption opportunities beginning on March 29, 2027. Each $1,000 face amount pays a capped call payment if both underliers are at or above their initial levels on a call observation date; otherwise the maturity payoff is determined by the lesser performing underlier on the determination date (March 26, 2031) with a 70% trigger buffer that protects principal only if final levels remain at or above 70% of initial levels. The aggregate original face amount was $1,282,000, original issue price 100%, underwriting discount 4%, and the underwriter estimated value at pricing was approximately $922 per $1,000 face amount. The notes do not bear interest and repayment is subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering indexed, principal-protected notes linked to the S&P 500® Index with a stated maturity of March 31, 2031. The aggregate face amount shown is $155,000. Each $1,000 face amount will pay either (a) $1,000 plus the underlier return capped at a maximum settlement amount of $1,387.50, if the final underlier level exceeds the initial level, or (b) the face amount ($1,000) if the final underlier level is equal to or below the initial level. The notes do not pay interest and are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc. The prospectus lists a comparable yield of 4.90% per annum and a projected maturity payment of $1,278.26 on a $1,000 investment for U.S. federal income tax accrual purposes.

The notes are issued under the Medium-Term Notes, Series F program, will be book-entry, and may have limited secondary market liquidity; GS&Co. may make a market but is not obligated to do so.

GS Finance Corp. is offering leveraged, callable S&P 500® Futures Excess Return Index-linked notes due March 31, 2032, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount will pay $1,000 at maturity if the final underlier level is equal to or below the initial level of 523.68; if the final level is greater, the maturity payment equals $1,000 plus 1.25 times the percentage index return multiplied by $1,000. The notes do not bear interest, were issued at 100% of face (original issue date March 31, 2026), and are callable at issuer option on specified monthly call payment dates beginning March 31, 2027 through March 1, 2032 for cash equal to $1,000 plus the applicable call premium amount shown in the pricing supplement. Aggregate original face amount was $3,627,000; underwriting discount was 4.125% and the dealer-estimated value on the trade date was approximately $903 per $1,000. Payments at maturity depend on the closing level of the S&P 500® Futures Excess Return Index on the determination date (March 16, 2032, subject to limited postponement). Holders are exposed to the issuer’s and guarantor’s credit risk, the potential adverse effects of futures roll/contango, limited liquidity, and complex U.S. federal income tax treatment as contingent payment debt instruments.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 30, 2046 that pay interest at 6.00% per annum from the expected original issue date of April 17, 2026. Interest is payable annually on each expected April 17, with the first payment expected on April 17, 2027.

The notes may be redeemed in whole, but not in part, on expected quarterly redemption dates on or after April 17, 2029 at 100% of principal plus accrued interest, with at least five business days’ notice. Settlement is expected in New York on April 17, 2026. The notes will be issued in book-entry form as a master global note held at DTC. FATCA withholding rules apply.

GS Finance Corp. priced contingent, callable notes linked to Broadcom Inc. common stock. The $10,484,000 aggregate offering (issued at 100% of face) pays a contingent monthly coupon of $11.875 per $1,000 (1.1875% monthly; up to 14.25% annually) when the underlier closes at or above 56% of the initial underlier level ($309.415). The notes feature an automatic call if the underlier closes at or above the initial level on any call observation date; if not called, maturity settlement is cash and can result in a total loss of principal if the final underlier level is below the trigger buffer level (56%). The notes are senior debt of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable S&P 500® Index‑linked notes due April 30, 2032, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity payment depends on the S&P 500® closing level on the determination date (expected April 16, 2032), with a 100% upside participation rate. The issuer may redeem the notes on specified monthly call payment dates beginning April 30, 2027, receiving a cash amount equal to $1,000 plus a call premium set on the trade date. The estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers fixed-coupon, buffered notes linked to the S&P 500® Volatility Plus Daily Risk Control Index, with expected trade date April 27, 2026 and stated maturity expected April 30, 2029. Coupons will be at least $15.625 per $1,000 face amount (at least 1.5625% quarterly; at least 6.25% per annum). At maturity the cash settlement equals $1,000 per $1,000 face amount if the final index level is >= 85% of the initial level (the 15% buffer). If the final index level is below 85%, the cash settlement is reduced pro rata and can result in a substantial loss up to an 85% loss of principal. The notes do not participate in any upside above the initial index level. The estimated model value at terms set on the trade date is between $925 and $955 per $1,000 face amount; the original issue price is 100% of face amount. Credit risk rests with GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor).

GS Finance Corp. priced a capped, buffer-protected S&P 500® linked note. The notes pay no interest and return at maturity is tied to the S&P 500 performance from March 26, 2026 to the September 26, 2029 determination date. If the final level is ≥ the buffer level (85%), each $1,000 face amount pays a capped maximum settlement amount of $1,247. If the final level is below 85%, losses occur at a rate of 1% of face for each 1% the underlier falls below the buffer (subject to the buffer rate and buffer amount terms). The offering aggregates $2,869,000 face amount, with original issue price 100% and underwriting discount 3.05%.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031. The notes pay interest at 5% per annum, with an expected original issue date of April 17, 2026 and an expected stated maturity date of March 31, 2031. Interest is payable annually on each expected interest payment date (expected April 17 each year) with the first payment expected on April 17, 2027. The issuer may redeem the notes in whole, but not in part, on expected quarterly redemption dates beginning on or after April 17, 2027, upon at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest.

The offering will settle through DTC in immediately available funds and is being distributed by Goldman Sachs & Co. LLC and InspereX LLC. The initial price to public and underwriting discounts vary by investor type as described in the supplemental plan of distribution. The notes are a new issue with no established trading market; market‑making by underwriters is intended but not guaranteed.

GS Finance Corp. priced index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (face amount per unit: $1,000) pay no interest and mature on the stated maturity date expected to be June 2, 2027. Payout is tied to the lesser performing of the Russell 2000® and the S&P 500® as measured from the trade date expected to be April 27, 2026 to the determination date expected to be May 27, 2027. The payout is subject to a cap (maximum settlement amount) of at least $1,220 per $1,000 and a buffer mechanic that treats final underlier levels at or above 90% differently than deeper declines. The estimated value on the trade date is between $925 and $965 per $1,000 face amount. Holders are exposed to issuer and guarantor credit risk and may lose a substantial portion of principal if the lesser performing underlier falls below the buffer level.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (denominated in $1,000 increments) mature on April 3, 2031 (expected) and reference the S&P 500® Futures Excess Return Index with an upside participation rate of 185% and a buffer level of 80%. If the final underlier level exceeds the initial underlier level, the payoff equals $1,000 plus 1.85× index return per $1,000; if the final level is between 80% and 100% of initial, holders receive $1,000; below 80%, holders suffer a loss subject to the buffer mechanics. The estimated value on the trade date is between $885 and $925 per $1,000 face amount. Trade date is expected to be March 31, 2026, with a determination date expected March 27, 2031. The issuer may redeem on specified monthly call payment dates beginning April 2027 with preset call premium amounts.

GS Finance Corp. offers principal-at-risk, autocallable notes linked to the Nasdaq-100 and Russell 2000. The notes (aggregate face amount $770,000) pay no interest and may be automatically called on semi-annual call dates if both underliers close at or above their initial levels. If not called, the cash settlement at maturity depends on the lesser performing underlier, with an upside participation rate of 150% if both finish above initial levels and a downside buffer mechanism at 85% (buffer amount 15%). Investors may lose a substantial portion of principal if the lesser performing underlier falls below the buffer level. The notes are senior obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with trade date March 26, 2026 and stated maturity April 2, 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style auto‑callable structured notes linked to the common stocks of Advanced Micro Devices, Humana and Marvell Technology. The notes mature on April 2, 2029 unless automatically called on an observation date commencing March 2027. Coupons of $16.25 per $1,000 apply on a monthly coupon payment date only if the closing price of each index stock on the related coupon observation date is ≥ 60% of its initial price. The notes feature a buffer price equal to 80% of each initial index stock price and a trigger event defined as each final index stock price being less than its initial price. The estimated value at pricing was approximately $932 per $1,000 face amount. Original issue price was 100% with underwriting discount 3.25% and aggregate face amount on original issue date of $2,755,000.

GS Finance Corp. is offering medium-term structured notes due March 31, 2031, with cash settlement linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount the payout at maturity is: the greater of a $1,445 threshold settlement amount or $1,000 plus $1,000×undlier return if the final level is ≥ the initial level; if the final level falls but remains ≥ 70% of the initial level (a 30% trigger buffer), the cash payment equals $1,000 plus $1,000×the absolute underlier return; if the final level is below 70% of the initial level you suffer losses equal to $1,000×the underlier return. The notes pay no interest, are fully guaranteed by The Goldman Sachs Group, Inc., were priced at 100% of face with a 4.125% underwriting discount and aggregate face amount of $416,000, trade date March 26, 2026 and original issue date March 31, 2026. The determination date is March 26, 2031. The payout is based on futures performance (not the spot S&P 500® Index) and may be materially affected by negative roll yields, market disruptions and issuer/guarantor credit risk.

GS Finance Corp. offers $8,890,000 in medium‑term notes, guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes pay no interest, have a 200% upside participation rate and an 80% buffer level. If the underlier is at or above the initial level on the call observation date, the notes will be automatically called and pay $1,100 per $1,000 on the call payment date. If not called, the maturity payoff on May 1, 2030 depends on the final underlier level: investors may receive upside participation, the face amount, or a reduced cash settlement that could result in a total loss of their investment.

The pricing supplement describes GS Finance Corp. medium-term notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an aggregate face amount of $1,940,000, a 100% upside participation rate and an initial index level of 110.61. Notes are automatically callable on specified annual observation dates if the index closes at or above the initial level; call premiums range from 7.20% (first call) to 43.20% (sixth call). If not called, maturity settlement pays $1,000 + $1,000 × index return × 100% when final index > initial, otherwise $1,000. GS&Co. estimated trade-date value is $899 per $1,000 and the offering price equals face amount; underwriting discount is 4.375%.

GS Finance Corp. is offering callable notes linked to the S&P 500® Futures Excess Return Index with a stated maturity of March 31, 2031. The notes have a face amount of $1,000 per note (aggregate $2,387,000 on the original issue date) and do not pay interest. If held to maturity (or upon redemption), the cash payment per $1,000 face amount depends on the final underlier level versus the initial level of 523.68. Upside participation is 175%; there is an 80% buffer level (you receive face amount if final level ≥80% of initial). If final level <80% of initial, holders can lose a substantial portion of principal. The notes may be redeemed at issuer option on specified call payment dates beginning March 31, 2027, at fixed call premiums. The estimated value on the trade date is approximately $921 per $1,000, and the original issue price is 100% with an underwriting discount of 4.125%.

GS Finance Corp. is offering contingent quarterly coupon notes linked to the common stock of NVIDIA Corporation with an aggregate face amount of $800,000. Each $1,000 note pays contingent quarterly coupons if the underlier meets a 60% trigger and may be automatically called early if the underlier meets or exceeds the initial level. At maturity, if not called, the cash settlement per $1,000 depends on the final underlier level versus a 60% buffer: if the final level is below 60% you suffer a loss equal to the underlier return times $1,000; if the final level is at or above the buffer you receive $1,000. Trade date is March 26, 2026, original issue date March 31, 2026, and stated maturity March 29, 2029. The notes are senior debt of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and priced at 100% of face with a 2.35% underwriting discount.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the S&P 500 Index. The offering has an aggregate face amount of $443,000 with each note having a $1,000 face amount. Payment at maturity depends on the underlier performance: positive returns participate at a 200% upside participation rate up to a $1,230 maximum settlement amount; modest declines down to 90% of the initial level return the face amount; deeper declines below the 90% buffer expose holders to proportional principal loss. Trade date is March 26, 2026, original issue date March 31, 2026, and stated maturity is September 29, 2028. Notes do not pay interest and are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc. The underwriting discount is 2.79% of face amount (net proceeds 97.21%).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Buffered MSCI EAFE Index-Linked Notes due 2027 that pay a cash settlement at maturity based on the arithmetic average of the MSCI EAFE closing levels on five averaging dates in June 2027. The notes feature a 15% buffer (buffer level = 85% of the initial underlier level) and a buffer rate of approximately 117.65%. The maximum cash payoff is capped at $1,168.20 per $1,000 face amount. Key dates: trade date March 30, 2026, original issue date April 2, 2026, averaging dates June 24–30, 2027, and stated maturity date July 6, 2027. The notes pay no interest, expose holders to issuer/guarantor credit risk, and can result in a total loss if the final underlier level falls below the buffer level. Original issue price is 100% of face, underwriting discount 1.125%, net proceeds 98.875% of face.

GS Finance Corp. is offering medium-term structured notes linked to the Class A common stock of CrowdStrike Holdings, Inc. (the underlier). The notes pay a contingent monthly coupon of $12.709 per $1,000 when the underlier's closing level on an observation date is at least 57% of the initial level and are subject to an automatic call if the underlier closes at or above the initial level on a call observation date. At maturity, if not called, repayment depends on the final underlier level: investors receive $1,000 if the final level is at or above the trigger buffer (57%), or a cash amount equal to $1,000 × underlier return if below, meaning investors could lose their entire investment. The offering has an aggregate face amount of $7,572,000, original issue price of 100%, underwriting discount of 2.15%, and net proceeds of 97.85%.

GS Finance Corp. is offering indexed, non‑interest‑bearing notes linked to an equally weighted basket of CrowdStrike (CRWD), Palantir (PLTR) and Palo Alto Networks (PANW). The notes mature on March 30, 2028 and include an automatic call on March 29, 2027 that pays $1,210 per $1,000 if the basket’s closing level is at or above the initial level. At maturity, holders receive cash tied to the basket return with a 125% upside participation, a 15% buffer (buffer level = 85%), and downside exposure below the buffer. The estimated value at pricing was approximately $954 per $1,000, original issue price was 100% and underwriting discount was 1.75%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non-interest-bearing notes linked to the S&P 500Futures Excess Return Index with a stated maturity of March 31, 2031. Payment at maturity depends on the underlier return versus a 15% buffer and an 85% buffer level. If the final underlier level equals or exceeds the initial level, holders receive the greater of a $1,475 threshold settlement amount or $1,000 plus $1,000 times the underlier return. If the final level declines but stays above the buffer level, holders receive $1,000 plus the absolute value of the underlier return. If the final level falls below the buffer level, holders suffer a pro rata loss tied to the underlier decline; examples show large principal losses are possible. The notes are issued at 100% of face, carry an underwriting discount of 3.55%, aggregate face amount is $334,000, and the issue is subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, auto-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have a $1,000 face amount, aggregate face amount of $44,319,000, an original issue price equal to face amount and include an automatic call feature on annual observation dates. If not called, maturity cash is based on index performance with a 100% upside participation rate and a principal floor of $1,000. The index applies a 0.65% p.a. deduction, multi‑layer volatility and momentum controls, and may allocate substantially to hypothetical cash positions. Estimated trade‑date model value was $898 per $1,000, below issue price; an additional amount of $59.914 declines to zero on June 25, 2026. Tax treatment: notes are contingent payment debt instruments; issuer’s comparable yield is 5.14% p.a..

GS Finance Corp. offers structured, cash‑settled notes tied to the S&P 500 Index with an automatic call feature and no periodic interest. The offering has an aggregate face amount of $787,000 and an upside participation rate of 110%. If the call observation date level is greater than or equal to the initial underlier level, the notes will be automatically called on the call payment date and pay $1,072.50 per $1,000 face amount. If not called, at maturity the cash payment per $1,000 depends on the S&P 500 performance: investors receive $1,000 + $1,000 × 110% × underlier return for a positive return, and $1,000 if the underlier return is zero or negative. The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., do not bear interest, and have complex U.S. tax treatment as contingent payment debt instruments; the issuer’s calculated comparable yield is 4.90% with a projected payment of $1,278.26 based on a $1,000 investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $13,100,000 of medium-term notes linked to the S&P 500® Index. The notes pay no interest, carry an upside participation rate of 163.75% and include an 85% buffer level. If the call observation condition is met, each $1,000 note will be automatically called and pay $1,090 on the call payment date. If not called, final payment at maturity depends on the S&P 500 closing level on the determination date and may result in a total loss of principal. The notes are subject to issuer and guarantor credit risk and have an original issue price of 100% of face amount.

GS Finance Corp. is offering structured notes (aggregate face amount $29,137,000) linked to the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5 Index). The notes have a 100% upside participation rate, an initial index level of 110.61, a stated maturity of March 31, 2033, and an automatic-call schedule with increasing call levels and call premiums through April 6, 2032.

The pricing supplement shows an original issue price of 100%, an underwriting discount of 4.625% and net proceeds to issuer of 95.375%. GS&Co.’s estimated value on the trade date was $895 per $1,000 face amount, below the issue price; an additional amount of $60.331 declines to zero by June 25, 2026. Payments at maturity are cash-settled and limited: if the final index level is equal to or below the initial level, holders receive only the face amount.

GS Finance Corp. priced two separate tranches of Buffered Index‑Linked Notes guaranteed by The Goldman Sachs Group, Inc., linked one-to-one to the S&P 500® and Russell 2000®. The trade date for setting terms is March 26, 2026 and the stated maturity is March 31, 2031. Each $1,000 face amount pays at maturity based on index performance versus its initial level, with a 15% buffer, 100% participation up to a capped payout ($1,650 for SPX, $1,850 for RTY). Aggregate original face amounts are $3,264,000 (SPX) and $551,000. The original issue price is 100% of face; underwriting discount is 4.125%.

Notes do not bear interest, are unsecured obligations subject to GS Finance Corp. and Goldman Sachs credit risk, and are characterized for U.S. federal income tax purposes as a pre-paid derivative contract.

GS Finance Corp. offers structured, S&P 500®-linked notes with a $2,027,000 aggregate face amount. The notes pay no interest and return at maturity depends on the S&P 500 index performance between the trade date and the determination date, subject to a 15% buffer and a $1,215 maximum payout. Payments are cash-settled per $1,000 face amount and the notes are fully guaranteed by The Goldman Sachs Group, Inc.

The notes cap upside at $1,215 per $1,000 and provide an unusual buffer feature that converts modest underlier declines into positive returns up to a 15% decline; losses beyond the buffer are magnified by a buffer rate of approximately 117.65%, potentially resulting in a total loss of principal. The prospectus supplement and referenced documents contain additional terms and risks.

GS Finance Corp. is offering callable, principal-at-risk notes linked to three underliers: the S&P 500® Index, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF. The notes mature on April 2, 2031 but are subject to automatic redemption beginning on March 29, 2027 if each underlier's closing level is ≥ its initial level. Call payments are capped by stated call premiums; the maturity payout is determined by the lesser performing underlier with a 65% maturity cap and a 70% trigger buffer. The estimated value on the trade date is approximately $938 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.125%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and involve significant market, ETF-specific and issuer credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering two separate leveraged, buffered, index-linked note tranches linked to the S&P 500® and Russell 2000® indices. The S&P 500 tranche has a Trade date of March 26, 2026, Original issue date March 31, 2026, aggregate face amount $2,388,000, 200% participation, a 10% buffer (buffer level = 90% of initial level), a cap level at 111.25% and a maximum settlement amount of $1,225 per $1,000 face amount. The Russell 2000 tranche shows aggregate face amount $202,000, 110% participation, a 10% buffer, cap ≈ 117.273% and a maximum settlement amount of $1,190 per $1,000 face amount.

The notes pay no interest; redemption at maturity depends on the final index level versus the initial level and determination date. Estimated values at pricing were approximately $946 (S&P) and $949 (Russell). Original issue price is 100% with underwriting discounts of 2.98% (S&P) and 2.225% (Russell). Payments are unsecured obligations of GS Finance Corp. and subject to issuer and guarantor credit risk; tax treatment is characterized as a pre-paid derivative contract for U.S. federal income tax purposes.

GS Finance Corp. is offering callable, buffered notes linked to the S&P 500® Futures Excess Return Index that mature on March 31, 2031 (determination date March 17, 2031; trade date March 26, 2026). For each $1,000 face amount, payout at maturity depends on the final underlier level versus an initial level of 523.68. If the final level is at or above the initial level the investor receives 1.6× the index return; if the final level is between 80% and 100% of the initial level the investor receives the absolute index return; if below 80% the payoff is reduced and can result in substantial loss (examples show cash settlement down to 20% of face amount). The notes pay no interest, are subject to issuer and guarantor credit risk, can be redeemed at issuer option on specified call payment dates at capped call premiums, and had an estimated value on the trade date of approximately $916 per $1,000 face amount versus an issue price of 100%.

GS Finance Corp. offers market-linked medium-term notes, with an aggregate face amount of $904,000, linked to the S&P 500® Index. The notes pay no interest, include an automatic call feature on specified observation dates, and have a capped maturity payout (maturity premium 38.25%).

Payments depend on the underlier: if called, holders receive face amount plus the applicable call premium; if held to maturity and the final level is below the initial level, repayment is reduced pro rata and investors may lose their entire investment.

GS Finance Corp. priced 5-year indexed notes guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $198,000) were offered with an original issue price of 100% of face, an underwriting discount of 3.8% and net proceeds of 96.2%.

Payment at maturity depends on the S&P 500® Futures Excess Return Index from trade date March 26, 2026 to determination date March 26, 2031. Notes pay no interest. If the final underlier level exceeds the initial level (initial 523.68), maturity payout = $1,000 + ($1,000 × 100.8% × underlier return); if final ≤ initial, payout = $1,000.

GS Finance Corp. priced marketed linked notes tied to the S&P 500® Futures Excess Return Index with a $1,000 face amount basis and an 110.5% upside participation rate. The notes pay no interest; at maturity on March 31, 2031 you receive either the face amount or $1,000 plus the upside participation rate times the underlier return, depending on the final underlier level. The underlier tracks E-mini S&P 500 futures (not the S&P 500® Index) and is subject to negative roll/financing costs and market‑disruption adjustments. The offering shows an original issue price of 100% of face, an underwriting discount of 3.55%, and net proceeds to the issuer of 96.45%. Tax treatment is as a contingent payment debt instrument with a disclosed comparable yield of 4.90% and a projected payment at maturity of $1,278.26 on a $1,000 investment.