Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering $2,030,000 in aggregate face amount of Airbag In‑Digital Securities linked to the S&P 500® Index due 2027, guaranteed by The Goldman Sachs Group, Inc. The securities pay a digital return of 15.70% at maturity if the final index level is greater than or equal to the downside threshold of 90.00% of the initial index level. If the final index level is below that threshold, holders lose approximately 1.1111% of face amount for each 1.00% decline beyond the 10.00% threshold percentage.

Key dates: trade date March 25, 2026, original issue date March 30, 2026, determination date August 31, 2027 and stated maturity date September 3, 2027 (subject to postponement). The pricing shows an estimated value of approximately $9.94 per $10 face amount on the trade date; the issue price is 100.00% of face amount. Payments are unsecured and subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $611,000 aggregate face amount of autocallable, buffered notes linked to the Dow Jones Industrial Average®, maturing March 28, 2031 and guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 1, 2027 for $1,100 per $1,000 face amount if the index is ≥ 105% of the initial index level (46,429.49) and otherwise pay at maturity based on index performance with an upside participation rate of 195.1% and a 10% buffer (buffer rate ≈ 111.11%). The estimated value at pricing was approximately $984 per $1,000 face amount; original issue price was 100%.

The Goldman Sachs Group, Inc. is offering callable fixed-rate medium-term notes that pay 6.00% interest per annum from the expected original issue date of April 17, 2026 to the expected stated maturity of April 17, 2041. Interest is expected to be paid annually on April 17, with the first payment expected on April 17, 2027.

The issuer may redeem the notes in whole, but not in part, on each scheduled redemption date beginning on or after April 17, 2028 (expected quarterly dates: Jan 17, Apr 17, Jul 17, Oct 17) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. Settlement is expected in New York on April 17, 2026. The offering includes customary underwriting arrangements and market making by Goldman Sachs affiliates; FATCA withholding applies.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers contingent coupon, auto-callable notes linked to four large-cap stocks. The original aggregate face amount was $12,565,000, trade date March 25, 2026, original issue date March 30, 2026, and stated maturity April 1, 2031. Coupons are monthly and either a maximum $9.084 or a minimum $0.209 per $1,000 face amount depending on each index stock's closing price versus predetermined triggers. The notes are automatically called if, on any call observation date, each index stock closes at >= 95% of its initial price; coupon trigger is 80%. The estimated value on the trade date was about $950 per $1,000 face amount.

GS Finance Corp. offers an aggregate face amount of $612,000 of autocallable, buffered notes linked to the Dow Jones Industrial Average®, guaranteed by The Goldman Sachs Group, Inc. The notes mature on March 28, 2031 unless automatically called on the call observation date of April 1, 2027. If called, each $1,000 face amount pays $1,100. If not called, maturity payoffs depend on the index performance: 173.4% upside participation for positive returns, a 10% buffer (protecting declines up to 10%), and a buffer rate of approximately 111.11% for losses beyond the buffer. The estimated value at pricing was approximately $983 per $1,000 face amount; the notes do not bear interest and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. proposes a public offering of Callable Fixed Rate Notes due April 17, 2036. The notes pay interest at 5.50% per annum, expected to be issued on April 17, 2026 with semiannual interest dates on April 17 and October 17, first payment expected October 17, 2026.

The notes are callable in whole, not in part, on quarterly redemption dates on or after April 17, 2028, at a redemption price equal to 100% of principal plus accrued interest. The offering will be distributed by Goldman Sachs & Co. LLC and InspereX LLC; initial prices to public may vary for certain accounts per the supplemental plan of distribution.

GS Finance Corp. is offering callable, cash‑settled notes linked to the State Street SPDR S&P 500 ETF Trust (ticker SPY) under a Pricing Supplement No. 23,358. The aggregate face amount shown is $805,000 with an original issue price equal to 100% of face amount and an underwriting discount of 2.2%.

The notes pay no interest and have a 100% upside participation rate. If the underlier on the call observation date is >= the initial level, the notes will be automatically called and pay $1,140 per $1,000 face on the call payment date. If not called, at maturity the cash payment per $1,000 face equals $1,000 plus upside participation times underlier return if positive; otherwise investors receive the face amount. Key dates include trade date March 25, 2026, original issue date March 30, 2026, call observation date March 27, 2028, call payment date March 30, 2028, determination date March 25, 2031, and stated maturity date March 28, 2031. Investors remain exposed to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. prices Buffered PLUS tied to the S&P 500® Index. The notes mature November 3, 2028 and offer 200% leveraged upside up to a capped $1,267.50 per $1,000 principal, a 10.00% buffer and a $100.00 minimum maturity payment.

The PLUS do not pay interest or dividends, are unsecured obligations guaranteed by The Goldman Sachs Group, Inc., expose holders to issuer/guarantor credit risk, and may result in up to 90.00% loss of principal if the final index value declines beyond the buffer.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500®-linked, auto-callable medium-term notes due May 3, 2029. The securities pay no interest, have a 125% upside participation rate and a threshold at 75% (25% downside). If the index is at or above the starting level on the call date (May 5, 2027), the notes will be automatically called and pay at least a 10.60% call premium ($1,106 per $1,000 face). If not called, maturity pay depends on the ending level: full face if decline ≤25%; 1-to-1 downside if decline >25% (loss up to 100%). The original offering price is $1,000 with an estimated value at pricing of $925–$955 per $1,000 face; proceeds to issuer are $974.25 per security after underwriting discounts.

GS Finance Corp. issues callable, contingent‑coupon notes guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $500,000 and links payments to the Class A common stock of Coinbase Global, Inc. (underlier).

Key terms: initial underlier level $181.04 (closing on March 24, 2026); contingent monthly coupon of $23.334 per $1,000 face amount (2.3334% monthly, potential ~28.00% per annum) payable only if the underlier closes at or above the coupon trigger level of 50% of the initial level on each coupon observation date. Notes are automatically called on specified quarterly call payment dates if the underlier equals or exceeds the initial level on the related call observation date. Stated maturity is March 29, 2029, with determination date March 26, 2029. The notes pay at maturity either $1,000 per $1,000 face amount if the final underlier level is at or above the trigger buffer level (50%), or an amount equal to $1,000 × the underlier return if below that buffer. The prospectus warns you could lose your entire investment if the final underlier level is below the trigger buffer level.

GS Finance Corp. is offering principal-at-risk, S&P 500®-linked notes that pay no interest and whose maturity payment depends on the S&P 500 performance from March 24, 2026 to the determination date. The notes use a 10% buffer (buffer level = 90% of the initial level). If the final underlier level is at or above the buffer level, each $1,000 face amount pays the capped $1,194.20 maximum settlement amount. If the final level is below the buffer, investors lose approximately 1.1111% of face for every 1% decline below the buffer and may lose their entire investment. Key terms: aggregate face amount $2,000,000, trade date March 25, 2026, original issue date March 30, 2026, determination date March 24, 2028, stated maturity date March 28, 2028. The notes are senior debt of GS Finance Corp., uninterest-bearing, and fully guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. offers leveraged, callable notes linked to the S&P 500® Futures Excess Return Index. The notes (expected trade date April 27, 2026, expected original issue date April 30, 2026, expected stated maturity April 30, 2031) pay at maturity either (i) $1,000 plus 150% of the underlier return per $1,000 face amount if the final underlier level is greater than the initial level, or (ii) $1,000 if the underlier return is zero or negative, unless the issuer redeems earlier at specified call payment dates.

The underlier tracks E-mini S&P 500 futures (not the S&P 500 Index). The estimated value on the trade date is expected to be between $885 and $925 per $1,000 face amount. Payments depend on the initial and final underlier levels, the calculation agent’s determinations and the issuer’s optional monthly redemption rights (call premium schedule set on the trade date).

GS Finance Corp. is offering autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on October 2, 2028 if both underliers are >= 105% of their initial levels, producing a fixed cash payment of $1,350 per $1,000 face amount on the call payment date. If not called, the maturity payoff depends on the lesser performing underlier: a positive payoff equals 200% participation in the lesser-performing index return; if any final level is below 70% of its initial level, investors face principal loss tied to that lesser underlier (potentially a total loss).

The trade date is expected to be April 2, 2026, original issue date April 7, 2026, and stated maturity April 9, 2031. The estimated value at term-setting is between $885 and $925 per $1,000 face amount; original issue price is set at $1,000 (100% of face). Investors remain exposed to issuer and guarantor credit risk and tax treatment uncertainties described in the supplement.

GS Finance Corp. offers $1,400,000 aggregate Autocallable Contingent Coupon Index-Linked Notes due September 28, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent quarterly coupons of $35 per $1,000 (3.5% quarterly, 14% annualized) only if each reference index stays at or above 70% of its initial level throughout a quarterly observation period, are automatically called if all indices are at or above their initial levels on specified call observation dates, and return principal at maturity only if the lesser performing index is at or above 60% of its initial level; otherwise the cash settlement is reduced pro rata by the lesser performing index return. The estimated value at pricing was approximately $999 per $1,000 face amount and the original issue price is 100% with a 0.7% underwriting discount.

GS Finance Corp. offers autocallable S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an automatic call feature that, if triggered on the call observation date, pays $1,130 per $1,000 face amount on the call payment date. If not called, maturity payoff depends on S&P 500 performance: full participation on upside at an 100% upside participation rate, a 15% buffer (buffer level is 85% of initial level) and a 100% buffer rate; severe losses are possible if the final index level falls below the buffer. Trade date is April 27, 2026, original issue date May 4, 2026 and stated maturity May 4, 2029, subject to customary adjustments.

GS Finance Corp. is offering contingent quarterly coupon, automatically callable notes linked to the common stock of Amazon.com, Inc. The offering aggregates $4,920,000 of face amount in $1,000 notes and carries a quarterly coupon of 2.75% (up to 11.00% per annum), subject to the automatic call feature.

Each note uses an initial underlier level of $211.71. Coupons are paid only when the underlier closes at or above 60% of the initial level on observation dates. If not called, maturity is March 29, 2029, and payment depends on the final underlier level: if the final level is below 60% you may lose a substantial portion or your entire investment; if at or above certain levels, repayment is limited to 100.00% of face amount.

GS Finance Corp. offers $1,000-face leveraged buffered EURO STOXX 50® Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and at maturity provide a cash payment tied to the EURO STOXX 50 index performance from the trade date to the determination date, with a 15% buffer (buffer level = 85% of the initial level) and an upside participation rate of 150% capped by a maximum settlement amount of $1,395 per $1,000 face amount. If the final index level falls below the buffer, investors suffer proportional losses; if the index rises, upside is limited by the cap. Terms such as issue price, underwriting discount and net proceeds will be set on the trade date; the trade date is April 27, 2026, original issue date April 30, 2026, determination date April 27, 2028, and stated maturity date May 2, 2028.

The Goldman Sachs Group, Inc. is offering callable fixed rate Medium-Term Notes due April 17, 2029 with a stated annual interest rate of 4.70%, expected original issue date April 17, 2026. Interest payments are expected each April 17 and October 17, first payment expected October 17, 2026. The issuer may redeem the notes in whole, not in part, on scheduled redemption dates beginning on or after April 17, 2027 at 100% of principal plus accrued interest, with at least five business days’ notice. The offering will settle through DTC and pricing, underwriting discounts, and initial price-to-public details are stated to vary for certain investor types per the supplemental plan of distribution.

GS Finance Corp. offers an Auto-Callable Dual Directional Trigger PLUS linked to the iShares Bitcoin Trust ETF due May 3, 2028. The securities are unsecured notes of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and may be automatically called for at least $1,333.00 per $1,000 (a 33.30% return) on the call payment date if the ETF closes at or above the initial ETF price on the call observation date.

If not called, maturity payouts depend on the final ETF price: a leveraged upside of 150.00% of any positive ETF return; a capped positive payoff for moderate ETF declines down to a downside threshold of 75.00% of the initial ETF price; or a 1-to-1 downside exposure (potentially losing most or all principal) if the final ETF price is below that threshold. Pricing is expected around April 16, 2026 with an original issue date of April 21, 2026.

GS Finance Corp. is offering non‑interest notes, guaranteed by The Goldman Sachs Group, Inc., linked to the common stocks of Apollo Global Management, Ares Management (Class A) and Blackstone. The trade date is expected to be March 27, 2026 and the stated maturity is expected to be April 30, 2027. At maturity each $1,000 face amount will pay either the maximum settlement amount of $1,336.2 if each index stock finishes at or above 60% of its initial price, or a reduced cash amount based on the lesser performing index stock return if any index stock finishes below that 60% trigger. The prospectus discloses an estimated value of $925 to $955 per $1,000 on the trade date. Holders face credit risk of the issuer and guarantor and may lose their entire investment.

GS Finance Corp. is offering index-linked notes due expected April 10, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and links payoff to the lesser performing of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Futures Excess Return™ Index from the trade date (expected April 6, 2026) to the determination date (expected April 7, 2031). The notes pay no interest. If both indices finish flat or up, holders receive the face amount plus 255% of the lesser index return. If either index finishes below 70% of its initial level, holders suffer a proportional loss tied to the lesser performing index. The estimated value on the trade date is between $885 and $925 per $1,000 face amount. Payments are unsecured and subject to the issuer and guarantor credit risk.

The document is a pricing supplement for S&P 500® index-linked notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, pays no interest, and at maturity will return either the face amount or a cash payment linked to the S&P 500® performance, capped at a maximum settlement amount of at least $1,224. The trade date is April 9, 2026, the original issue date is April 14, 2026, the determination date is April 9, 2029, and the stated maturity date is April 12, 2029. The notes are sold at 100% of face amount with a 2% underwriting discount; net proceeds to issuer are 98% of face amount. The notes are book-entry, unsecured senior debt under the GSFC 2008 indenture and carry issuer/guarantor credit risk and tax complexity as described.

GS Finance Corp. offers preliminary pricing for auto-callable Jump Securities due March 30, 2028, guaranteed by The Goldman Sachs Group, Inc. The securities are unsecured principal‑at‑risk notes linked to the worst‑performing of the Class A common stock of Vertiv Holdings Co and the common stock of GE Vernova Inc.

The offering is expected to price on or about March 27, 2026 with an original issue date of April 1, 2026. Terms include a stated principal amount of $1,000 per security, an estimated value range of $900 to $960, an underwriting discount of 2.50%, a downside threshold equal to 60.00% of each initial share price, and a maturity premium amount set at no less than 67.40%. The securities may be automatically called on scheduled call observation dates if both underlyings close at or above their initial share prices; otherwise the payment at maturity will depend on the worst performing underlying and could be less than $600 per security or zero.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent coupon notes linked to the common stock of NVIDIA, Snowflake and Alphabet. The original issue price is $1,000 per note (100%), with an aggregate face amount of $300,000. Trade date is March 25, 2026 and original issue date is March 27, 2026, with stated maturity on April 1, 2031 unless automatically called.

Coupons are monthly: the maximum coupon is $6.459 per $1,000 (0.6459% monthly; ~7.75% annualized) and the minimum coupon is $0.209 per $1,000 (0.0209% monthly; ~0.25% annualized). Automatic call occurs if each index stock closes at or above its initial price (NVDA $178.68, SNOW $160.61, GOOGL $290.93) on a call observation date. The estimated value on the trade date was approximately $952 per $1,000.

GS Finance Corp. offers S&P 500® Index-linked, zero-coupon notes due May 4, 2028 (trade date expected April 30, 2026). Each $1,000 face note pays at maturity either (a) at least $1,060 if a barrier event occurs (contingent return of at least 6%), or (b) $1,000 plus $1,000 times the absolute index return if no barrier event occurs, capped at 20% (maximum cash settlement $1,200 per $1,000). A barrier event occurs if the final index level is above 120% or below 80% of the initial level. The notes are unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The estimated value on the trade date is between $925 and $965 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering $8,328,000 callable fixed rate notes due March 27, 2036 under its Medium-Term Notes, Series N program. The notes pay interest at 5.30% per annum from and including the original issue date, March 27, 2026, payable semiannually on March 27 and September 27, beginning September 27, 2026.

The notes are callable at the issuer's option in whole, on specified quarterly redemption dates on or after March 27, 2031, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' notice. The offering will settle in immediately available funds through DTC on March 27, 2026. Underwriters purchased the notes at an underwriting discount of 1.156%.

GS Finance Corp. is offering S&P 500® Index-linked notes due April 14, 2031, guaranteed by The Goldman Sachs Group, Inc.

Each note has a $1,000 face amount, does not bear interest, and pays at maturity either the face amount if the underlier return is zero or negative, or a cash amount equal to the underlier return subject to a maximum settlement amount of at least $1,474. Key dates: trade date April 9, 2026, original issue date April 14, 2026, and determination date April 9, 2031.

The notes reference the S&P 500® Index (Bloomberg: SPX Index), are payable in cash, are senior debt issued under GSFC’s Medium-Term Notes program, and expose holders to issuer/guarantor credit risk, limited upside due to the cap, no interest payments, and complex tax treatment for U.S. holders.

GS Finance Corp. is offering structured notes linked to the EURO STOXX 50 Index and the iShares® MSCI EAFE ETF, with The Goldman Sachs Group, Inc. guaranteeing payment. The notes mature on March 28, 2031 and do not pay interest.

For each $1,000 face amount at maturity you will receive either $1,000 if any underlier return is zero or negative, or $1,000 plus $1,000 times an 130% upside participation rate multiplied by the lesser performing underlier return if both underliers finish above their initial levels. The offering shows an aggregate face amount of $1,250,000, an original issue price equal to 100% of face amount, an underwriting discount of 3.25%, and net proceeds of 96.75% of face amount.

GS Finance Corp. is offering equity-linked medium-term notes (Series F) guaranteed by The Goldman Sachs Group, Inc. Linked to the common stock of Amazon.com, Inc., the securities pay no interest and return at maturity depends on the stock's performance.

If the ending price is ≥ the threshold price (85% of the starting price), each $1,000 face amount will pay the face amount plus a contingent fixed return of at least 27.70% (at least $277). If the ending price is below the threshold, holders have 1-to-1 downside exposure and may lose up to 100% of the face amount. Pricing date: April 16, 2026; original issue date: April 21, 2026; stated maturity date: October 21, 2027. Original offering price is $1,000; estimated value at pricing is between $925 and $955 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2029 with an aggregate initial price to public of $15,689,000. The notes pay interest at 4.55% per annum from and including the original issue date March 27, 2026 to but excluding the stated maturity date March 27, 2029, payable semiannually on March 27 and September 27 (first payment September 27, 2026).

The issuer may redeem the notes in whole, but not in part, on each quarterly redemption date on or after March 27, 2027, upon at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest. The initial offering price is 100% with an underwriting discount of 0.609%, producing proceeds to the issuer of $15,593,453.99 (before expenses). The offering is to settle in immediately available funds through DTC on March 27, 2026. Additional distribution, tax (including FATCA withholding), jurisdictional selling restrictions, and market‑making disclaimers are stated in the pricing supplement.

GS Finance Corp. is offering autocallable contingent coupon S&P 500® Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon when the underlier closes at or above 80% of the initial level and are automatically called if the S&P 500 closes at or above the initial level on a call observation date. At maturity the cash settlement per $1,000 depends on the final underlier level versus a 70% buffer: if the final level is at or above the buffer you receive $1,000; if below, the payment equals $1,000 + ($1,000 × buffer rate × (underlier return + buffer amount)). Trade date is March 27, 2026 and original issue date is March 31, 2026.

GS Finance Corp. is offering Buffered Russell 2000® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, does not pay interest, and references the Russell 2000 Index. The initial underlier level is 2,493.321 (set March 26, 2026), the buffer is 15% (buffer level 85%), and the maximum settlement amount is $1,200 per note. Trade date is March 27, 2026, original issue date April 1, 2026, determination date April 27, 2027, and stated maturity date April 30, 2027. At maturity holders receive cash tied to the underlier return subject to the buffer and the cap; holders face credit exposure to the issuer and guarantor and may lose a substantial portion of principal if the final level falls below the buffer.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 17, 2046 that pay interest at 6.05% per annum from and including the original issue date (expected April 17, 2026). Interest is payable annually on each April 17, with the first payment expected April 17, 2027.

The notes are callable by the issuer, in whole but not in part, on each redemption date expected to occur each January 17, April 17, July 17 and October 17 on or after April 17, 2029, at a redemption price equal to 100% of principal plus accrued interest with at least five business days’ prior notice. Settlement is expected in New York on April 17, 2026. The offering will be distributed by Goldman Sachs & Co. LLC and InspereX LLC, and initial price-to-public terms may vary for certain retirement and fee-based advisory accounts.

GS Finance Corp. is offering structured notes linked to the Class A common stock of Palantir Technologies Inc., AppLovin Corporation and CoreWeave, Inc.. Each $1,000 note may pay a monthly coupon of $30 if each index stock closes at or above 50% of its initial price on an observation date. Notes may be automatically called if, on a call observation date, each index stock closes at or above its initial price; if called you receive face amount plus coupon. At maturity, if a trigger event (all index stocks below initial price) occurs, payment is based solely on the least-performing index stock and may be significantly less than principal. Trade date is expected April 6, 2026 and stated maturity is expected April 11, 2028. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; holders are exposed to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-protected notes linked to an ordinary share of CRH public limited company (ticker "CRH UN"). The notes pay a monthly coupon of $12.75 per $1,000 (1.275% monthly) only if the index stock closing price on each coupon observation date is at least 70% of the initial index stock price. The notes may be automatically called on observation dates beginning October 2026 if the index stock closes at or above the initial index stock price; called notes pay face amount plus the coupon on the next payment date. If not called, maturity (expected May 11, 2027) cash settlement depends on the final index stock return with a downside buffer at -30% (70% of initial): final index stock prices below that result in proportional principal losses. Estimated value on the trade date is expected to be between $925 and $955 per $1,000; original issue price is 100% of face amount.

The offering describes GS Finance Corp. notes due April 10, 2031, guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, holders receive $1,000 plus 135% of the underlier return if positive; otherwise they receive the face amount. Trade date is April 7, 2026 and original issue date is April 10, 2026. The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk, market disruption adjustments, negative roll yields from futures linkage, and special tax rules for contingent payment debt instruments.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $1,000,000 carrying a 5.50% per annum interest rate, payable annually, with a stated maturity date of March 27, 2046.

Notes priced at 100% of principal at original issue, with an underwriting discount of 2.5% and net proceeds to the issuer of 97.5% of principal. The notes will be issued in book-entry form, not listed on any exchange, and settle through DTC.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $2,659,000 under its Medium-Term Notes, Series N program. The notes pay interest at 5.10% per annum from March 27, 2026 and mature on March 27, 2036.

The notes will be issued at an original issue price of 100% of principal, with an underwriting discount of 1.062%, yielding net proceeds to the issuer of 98.938% of principal. Interest is payable annually on each March 27, commencing March 27, 2027. The notes will be issued in book-entry form through DTC and will not be listed on any exchange.

The Goldman Sachs Group, Inc. is offering $10,352,000 of Callable Fixed Rate Notes due March 27, 2030. The notes pay interest at 4.65% per annum from the original issue date March 27, 2026, with semiannual payments on March 27 and September 27.

The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates beginning on or after March 27, 2028, at 100% of principal plus accrued interest, subject to at least five business days’ prior notice. Initial price to public equals $10,352,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, autocallable notes linked to the Class A common stocks of Palantir Technologies, AppLovin and CoreWeave. The notes reference initial prices set on the trade date (April 6, 2026), have an expected original issue date around April 9, 2026 and an expected stated maturity of April 11, 2028.

Monthly coupon mechanics: each $1,000 face amount may accrue a coupon based on $25.084 per coupon observation accumulation (2.5084% monthly, ~30.1% annualized potential), paid only if each index stock's closing price on a coupon observation date is >= 50% of its initial price. The notes can be automatically called on specified observation dates beginning October 2026. At maturity, if a trigger event occurs (all final prices below initial prices), settlement is based on the lowest-performing index stock; losses can be large, potentially exceeding 50% of face amount. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering basket-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference a weighted basket of TOPIX, the S&P 500® and the EURO STOXX 50®; trade date is expected to be April 30, 2026, original issue date May 5, 2026, and stated maturity is expected to be May 7, 2029.

Each note has a $1,000 face amount; at maturity you receive either (a) $1,000 plus any positive participation (an upside participation rate of at least 100% times the weighted return), (b) $1,000 if the weighted return is between 0% and -15%, or (c) $1,000 plus $1,000 times the weighted return if the weighted return is below -15% (which can result in a total loss). The estimated value at pricing is between $925 and $965 per $1,000 face amount.

GS Finance Corp. offers an automatic‑callable, principal‑linked note backed by a Goldman Sachs guarantee. The notes mature on April 15, 2031 with automatic call observation dates beginning April 8, 2027. Call payments depend on the closing levels of the VanEck Semiconductor ETF (SMH) and the VanEck Gold Miners ETF (GDX) and the applicable call premium (25.7% in 2027, 51.4% in 2028, 77.1% in 2029, 102.8% in 2030). At maturity the cash payment per $1,000 face amount is determined by the lesser performing ETF versus its initial level and includes an 85% buffer level / 15% buffer amount; the maturity date premium amount is 128.5%. If the lesser performing ETF falls below 85% of its initial level, holders may receive less than principal; if not called, outcomes are capped per the schedule. The notes pay no interest, carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and had an estimated value of $885–$925 per $1,000 face amount on the trade date models; original issue price is 100% of face amount.

GS Finance Corp. is offering autocallable S&P 500® Index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% upside participation rate and will be automatically called if the index closing level on the call observation date is at or above the initial level.

If automatically called, the issuer will pay at least $1,058 per $1,000 on the call payment date. If not called, the cash settlement at maturity depends on the final index level: investors receive the face amount if the underlier return is zero or negative, or the face amount plus the upside participation on a positive return. Key dates include trade date April 30, 2026, original issue date May 5, 2026, call observation date April 30, 2027, and stated maturity May 7, 2029. Terms and certain amounts are subject to adjustment and will be set on the trade date.

GS Finance Corp. offers callable Nasdaq-100 Index®-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes (CUSIP 40058YST0) are principal-protected at maturity only if the final underlier level is equal to or below the initial level; if the final underlier level is higher, holders receive the face amount plus the index return (100% participation). The notes do not pay interest and may be redeemed at the issuer’s option on monthly call payment dates beginning in May 4, 2027, each with a call premium amount set on the trade date. The trade date is expected to be April 29, 2026, the original issue date is expected to be May 4, 2026, and the stated maturity date is expected to be May 5, 2031. The pricing supplement discloses an estimated value on the trade date of $885–$935 per $1,000 face amount and states that GS&Co. is the calculation agent and potential market-maker. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor; they are not bank deposits and are not FDIC insured.

GS Finance Corp. is offering S&P 500® index-linked notes due 2028 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, if the S&P 500 is higher, $1,000 plus the underlying return subject to a maximum settlement amount of at least $1,145. Trade date is April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028 and stated maturity May 4, 2028. The notes pay no interest, are cash-settled, expose holders to issuer/guarantor credit risk, and are treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp. offered $1,500,000 in autocallable buffered basket-linked notes due March 29, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and reference an equally weighted basket of the EURO STOXX 50® and the S&P 500® Equal Weight Index with an initial basket level of 100. If the basket on the call observation date (March 24, 2028) is >=100 the notes will be automatically called for $1,110 per $1,000 face amount; otherwise final payment at maturity depends on the basket return with 100% upside participation but downside limited to return of principal if the basket return is zero or negative. The estimated value at pricing was approximately $961 per $1,000 face amount; original issue price was 100% with an underwriting discount of 2.1% (net proceeds 97.9%).

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, will be automatically called on the call payment date if the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level, and would pay $1,140 per $1,000 if called. If not called, maturity payment depends on the S&P 500 performance: beneficiaries can receive upside participation of 150% above the initial level, full return of principal if the final level is at or above 90% of initial, or a loss formula that applies a 100% buffer rate to declines below the 90% buffer. Trade date is April 1, 2026, original issue date April 6, 2026, call observation April 7, 2027 and stated maturity April 6, 2028. The notes are unsecured obligations subject to issuer and guarantor credit risk and have uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering leveraged, callable Dow Jones Industrial Average®-linked notes due (expected) April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity for each $1,000 face amount either $1,000 (if the underlier return is zero or negative) or $1,000 plus at least an 112.65% upside participation times the underlier return if the final underlier level exceeds the initial level. The issuer may redeem the notes on specified quarterly call dates beginning in April 2027 through January 2031 at 100% plus the applicable call premium (call premiums range from 10% to 47.5%). The original issue price is 100% of face amount; underwriting discount is 2.5% and net proceeds to issuer are 97.5%. The estimated value on the trade date is between $885 and $915 per $1,000 face amount, which is below the original issue price.

GS Finance Corp. is offering index-linked notes due May 4, 2028 (expected) guaranteed by The Goldman Sachs Group, Inc.. The notes reference the S&P 500® and Russell 2000® indexes and pay at maturity based on the lesser performing index return measured from the trade date (expected April 30, 2026) to the determination date (expected May 1, 2028).

For each $1,000 face amount the payoff is: (1) if both index returns are ≥ 0%, participation of at least 110% in the lesser performing index return; (2) if any index return is < 0% but each is ≥ ‑25%, the absolute value of the lesser return; or (3) if any index falls below 75% of its initial level, the holder suffers the lesser performing index loss. The estimated value at pricing is between $925 and $965 per $1,000 face amount. Investors bear issuer and guarantor credit risk and could lose a substantial portion or all of their investment.