Goldman Sachs Group (GS) 424B Filings

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.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering autocallable, EURO STOXX 50® index-linked notes due March 31, 2031 with an aggregate face amount of $1,256,000. The notes pay no interest, may be automatically called on specified March observation dates beginning March 24, 2027, and have a threshold settlement amount of $1,300 and an initial underlier level of 5,581.29. Estimated value at pricing was approximately $955 per $1,000 face amount; original issue price is 100% with an underwriting discount of 2.35%.

GS Finance Corp. priced principal-at-risk indexed notes linked to a weighted basket of seven equity indices with an expected trade date of March 30, 2026, original issue date of April 2, 2026 and stated maturity of April 6, 2029. For each $1,000 face amount, the notes pay: (1) if the final basket level > initial, $1,000 + $1,000 × 150% × basket return; (2) if the final basket level is ≤ initial but ≥ 90% (buffer), $1,000 + $1,000 × absolute basket return; (3) if the final basket level < 90% of initial, $1,000 + $1,000 × 111.11% × (basket return + 10%), which can result in substantial or total loss. The issuer and guarantor credit risk, pricing model discount, index-specific risks (including futures roll/contango on the S&P 500® Futures Excess Return Index), market disruption provisions and uncertain U.S. tax treatment are disclosed.

GS Finance Corp. offers $19,520,630 aggregate face amount of Trigger GEARS due March 27, 2031, guaranteed by The Goldman Sachs Group, Inc. The securities link payout to an unequally weighted basket (S&P 500 50.00%, EURO STOXX 50 20.00%, Nikkei 225 12.50%, FTSE 100 8.75%, SMI 5.00%, S&P/ASX 200 3.75%) with an initial basket level of 100, upside gearing of 1.2525 and a downside threshold of 75.00%. If the final basket level exceeds 100, investors receive the positive basket return multiplied by the upside gearing; if the final level is between 100 and the downside threshold, investors receive the face amount; if below the downside threshold, investors suffer principal losses proportionate to the basket return. Trade date is March 24, 2026, original issue date March 27, 2026, determination date March 24, 2031 and stated maturity date March 27, 2031.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $1,255,000) pay no interest and can be automatically called beginning March 24, 2027 if the S&P 500 closing level on a call observation date is ≥ the initial level of 6,556.37. If called, holders receive $1,000 plus a specified call premium (9%–36% depending on call date). If not called, maturity payment depends on the index performance: at or above the initial level holders receive at least the threshold settlement amount of $1,250 per $1,000 face; declines up to 25% return principal ($1,000); declines beyond 25% produce a proportional loss (investors could lose up to the full invested amount). The original issue price is 100% (trade date March 24, 2026; issue date March 27, 2026), estimated value at pricing ≈ $964 per $1,000, underwriting discount 2.35% and net proceeds to issuer 97.65%.

The issuer, GS Finance Corp., is offering medium-term structured notes linked to the Russell 2000® Index with an aggregate face amount of $670,000. The notes pay no interest, include an automatic call feature that can redeem the notes early, and return at maturity depends on index performance and specified buffers.

If the notes are automatically called on the call observation date, investors receive $1,202.50 per $1,000. If not called, maturity payment uses a 125% upside participation above the initial level, a trigger buffer at 80% of the initial level, and can result in a total loss if the final level falls below the trigger buffer.

GS Finance Corp. is offering leveraged 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 return from the trade date to the determination date. The notes provide 200% upside participation in positive underlier returns but are capped at a $1,233.50 maximum settlement per $1,000 face amount. If the Russell 2000 falls below 60% of its initial level on the determination date, holders incur a proportional loss and could lose their entire investment. Trade date is March 27, 2026, original issue date April 1, 2026, determination date March 27, 2028 and stated maturity March 30, 2028.

GS Finance Corp. offers $3,230,000 aggregate face amount of autocallable, index‑linked notes due March 27, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% participation rate and may be automatically called beginning March 24, 2027 if each index reaches 82.25% of its initial level. At maturity the cash payment depends on the lesser performing index versus its initial level (initial levels: Dow 46,124.06; S&P 500 6,556.37), with a trigger buffer at 80% of initial levels; holders may lose a substantial portion of principal if the lesser performing index falls below that buffer. The estimated value on the trade date was approximately $981 per $1,000 face amount and the original issue price was 100%. Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers structured, S&P 500®-linked medium-term notes with an aggregate face amount of $2,886,390. The notes pay no interest, provide a 300% upside participation rate in positive scenarios capped by a $11.52 maximum settlement amount per $10 face amount, and expose investors to full downside (you could lose your entire investment).

The notes are guaranteed by The Goldman Sachs Group, Inc., priced at 100% of face with a 1.65% underwriting discount; tax treatment is uncertain and FATCA withholding generally applies.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note returns: either a capped upside (participation × index gain up to a maximum settlement amount), the face amount if losses do not exceed a 15% buffer, or a pro rata loss beyond that buffer. Key terms include a 200% upside participation rate, a 15% buffer (buffer level 85%), a minimum maximum settlement amount of $1,250 per $1,000 face, trade date Apr 29, 2026, original issue date May 4, 2026, determination date Jan 29, 2029, and stated maturity Feb 1, 2029. The notes pay no interest, are subject to issuer/guarantor credit risk, may trade illiquidly, and have uncertain U.S. federal tax treatment.

GS Finance Corp. offers Market Linked Medium‑Term Notes (Series F) guaranteed by The Goldman Sachs Group, Inc. The securities are equity ETF linked, auto‑callable with a contingent quarterly coupon and downside principal at risk, tied to the lowest performing of three State Street Select Sector ETFs. Each security has a face amount and original offering price of $1,000. The contingent coupon (set on the pricing date) will equal at least $33.75 per $1,000 face amount (equivalent to 13.50% per annum) if the lowest performing underlier on a quarterly calculation day is >= its coupon threshold (75% of starting price). Automatic calls occur if the lowest performing underlier on a call date is >= its starting price (call opportunity begins October 2026). If not called, maturity is April 27, 2029; at maturity you receive $1,000 only if the lowest performing underlier's ending price >= its downside threshold (70% of starting price), otherwise the maturity payment equals $1,000 × performance factor and you may lose more than 30% or all principal. Estimated value at pricing is between $925 and $955 per $1,000 face amount; underwriting discount up to $25.75, proceeds to issuer $974.25 per security.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Bank of America, Micron Technology and NVIDIA. Coupons of $7.75 per $1,000 (0.775% monthly; up to 9.3% per annum) are paid only when each underlier is at or above a coupon trigger level equal to 75% of its initial underlier level on the related observation date. The notes are auto‑callable on observation dates if each underlier is at or above its initial level; if called, holders receive $1,000 per $1,000 face amount plus any coupon then due. Trade date is April 9, 2026 and stated maturity is April 16, 2031. Goldman Sachs & Co. LLC is the calculation agent. GS&Co. estimates the notes' value on the trade date at $885 to $925 per $1,000, which is below the original issue price.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-at-risk structured notes linked to the lesser-performing of three ETFs: State Street Technology Select Sector SPDR ETF (initial level $136.95), Invesco QQQ, Series 1 (initial level $588.00) and iShares Semiconductor ETF (initial level $336.59). The notes mature on expected April 4, 2033 with a determination date expected to be March 28, 2033. For each $1,000 face amount, holders receive either $1,000 plus 1.961× the lesser performing ETF return if all ETF returns are ≥0%, or $1,000 plus the lesser performing ETF return if any ETF return is negative. The notes pay no interest, carry issuer and guarantor credit risk, and have an estimated value on the trade date of $885–$935 per $1,000 face amount.

The pricing supplement describes Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Vertiv Holdings Co. Each security has a $1,000 stated principal amount, an expected original issue date of April 8, 2026 and an expected stated maturity date of April 5, 2029. Investors may receive a contingent quarterly coupon (set at a product that uses at least $46.75) only if the underlying stock's closing price on coupon observation dates is at or above a downside threshold equal to 50.00% of the initial share price. Securities are automatically called if the closing price on any call observation date is at or above the initial share price; if not called, payment at maturity equals $1,000 if the final share price is at or above the downside threshold, or $1,000 multiplied by the share performance factor if below, exposing investors to potential substantial principal loss.

GS Finance Corp. offers $1,120,000 aggregate face amount of notes due March 27, 2029. The notes pay contingent monthly coupons of $6.334 per $1,000 (0.6334% monthly, ~7.6% annualized) only if each underlier equals or exceeds 50% of its initial level on coupon observation dates; otherwise no coupon is paid. At maturity the cash payment (per $1,000) is $1,000 if each final underlier level is at least 50% of its initial level, or otherwise $1,000 plus the lesser performing underlier return times $1,000, which can result in a substantial loss. Goldman Sachs (GS&Co.) is the calculation agent; GS Finance Corp. is the issuer and The Goldman Sachs Group, Inc. is guarantor. The estimated value at pricing was approximately $966 per $1,000 face amount; original issue price was 100% with a 1% underwriting discount (net proceeds 99%).

The Goldman Sachs Group, Inc. proposes a primary offering of Callable Fixed Rate Notes due April 17, 2028 that pay interest at 4.50% per annum from and including the original issue date (expected April 17, 2026) to but excluding maturity. Interest is payable on each interest payment date (expected April 17 and October 17), with the first payment expected on October 17, 2026.

The notes are callable at the issuer’s option, in whole but not in part, on each redemption date (expected quarterly on the 17th of January, April, July and October beginning on or after October 17, 2026) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The notes will be issued in book-entry form through DTC. Pricing, underwriting discounts, and the initial public price vary by investor type as described in the supplemental plan of distribution.

GS Finance Corp. is offering Autocallable Index-Linked Notes due March 28, 2030 (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $4,823,000. The notes pay no interest, may be automatically called beginning March 24, 2027 if three equity indices each close at or above 80% of their initial levels, and at maturity pay an amount tied to the performance of the lesser performing index. The maturity date premium is 36.4%, the estimated value at pricing was approximately $977 per $1,000 face amount, and the notes are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to GOOG, TSLA, NVDA and AMD that mature March 31, 2031. Coupons are monthly and pay either a maximum $7.50 or a minimum $0.209 per $1,000 face amount depending on each monthly observation. Notes are automatically called if on any call observation date each reference stock closes at or above 90% of its initial price; coupons pay at maximum only if each index stock is at or above 75% of its initial price on an observation date. The estimated value at pricing was approximately $951 per $1,000 face amount and the original issue price is 100% with a 3.75% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers principal‑protected, auto‑callable structured notes linked to the Class C capital stock of Alphabet Inc., CoreWeave Class A common stock and NVIDIA common stock. Coupons may be paid monthly if each index stock meets a 50% trigger on observation dates; notes may be automatically called from April 2027 onwards. At maturity (expected April 13, 2029), if a "trigger event" occurs (all final prices below initial prices), investors may receive an amount tied to the worst‑performing index stock and could lose most or all principal. Estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a 110% upside participation rate. The notes have an automatic call feature that, if met on the call observation date, pays at least $1,100 per $1,000. The notes pay no interest and cash settlement at maturity depends on the final index level; if the underlier return is zero or negative, investors would receive only the face amount. Trade date and original issue date are set in 2026, with a stated maturity in 2029. The notes are subject to issuer/guarantor credit risk, limited secondary market liquidity, and special U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. priced a series of market-linked notes that pay no interest and whose cash settlement at maturity depends on the S&P 500® Index performance from the trade date (March 24, 2026) to the determination date (September 24, 2027). Each $1,000 note pays either a capped upside (up to a $1,172.50 maximum settlement), the full face amount if the final level is at or above a 90% buffer level, or a proportional loss if the index declines more than the 10% buffer. The notes are issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. and were issued at 100% of face with a 2.1% underwriting discount.

GS Finance Corp. is offering market-linked medium-term notes, Series F, due May 2, 2030, linked to the Nasdaq-100 Index. Each note has a $1,000 face amount, 100% upside participation subject to a maximum return of at least 30.00% (at least $300), and repayment of principal at maturity (subject to issuer and guarantor credit risk). The expected pricing date is April 29, 2026 and the original issue date is expected to be May 4, 2026. The estimated value on pricing is between $900 and $930 per $1,000 face amount; the original offering price is $1,000, with an underwriting discount up to $38.25 and proceeds to issuer of $961.75 per note.

GS Finance Corp. offers autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Technology Sector Index and the Russell 2000Index and pay no interest. They include an automatic call feature with annual observation dates and a stated maturity of April 12, 2029.

Each $1,000 face amount pays on a call payment date $1,000 plus a call premium (15% on the first applicable call, 30% on the second example shown). At maturity the cash settlement depends on the lesser performing underlier: an upside participation rate of 310% applies if both final underlier levels exceed their initials, a 70% trigger buffer level preserves principal at certain levels, and losses can reach the full invested amount if the lesser performing underlier falls below its trigger buffer level.

GS Finance Corp. is offering leveraged, buffered S&P 500® Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity based on S&P 500 performance from the trade date to the determination date: upside participation of 105% subject to a $1,975 maximum settlement, a 20% buffer (buffer level = 80% of initial level) that preserves principal only if the index declines by no more than the buffer, and full downside exposure beyond the buffer. Trade date is March 31, 2026, original issue date April 6, 2026, and stated maturity April 3, 2031. The notes pay no interest, are cash-settled, and carry issuer/guarantor credit risk; market liquidity and tax treatment are uncertain.

The Goldman Sachs Group, Inc. is offering callable fixed rate medium-term notes that pay interest at 4.70% per annum from and including the original issue date (expected March 30, 2026) to but excluding the stated maturity date (expected March 30, 2029).

Interest is payable on each interest payment date (expected March 30 and September 30 each year), with the first payment expected on September 30, 2026. The notes are callable by the issuer in whole, but not in part, on scheduled quarterly redemption dates beginning on or after March 30, 2027, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' notice. Delivery is expected in New York on March 30, 2026.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffered, basket-linked notes tied to a weighted basket of the S&P 500 (50%), Russell 2000 (25%) and Nasdaq-100 (25%). The notes have a $1,000 face amount per note, an initial basket level of 100, a buffer level of 85% and a cap level of 115.5%, producing a maximum cash settlement of $1,155 per $1,000 at maturity. Trade and original issue dates are expected to be March 27, 2026 and April 1, 2026, respectively, with a stated maturity expected to be April 30, 2027. If the final basket level is between 85% and 100% of the initial level, principal is returned; declines below 85% expose investors to losses (loss = (basket return + 15%)×$1,000). The estimated value on the trade date is stated as $925–$955 per $1,000 face amount. Payments depend on the final determination date levels and are subject to the issuer’s and guarantor’s credit risk and other specified adjustments.

The Goldman Sachs Group, Inc. is offering floating rate notes due March 26, 2029. The prospectus supplement registers up to $50,000,000 aggregate principal (initial issue), sold at an original issue price of 100%, with an underwriting concession of 0.09% and net proceeds to the issuer of 99.91%. Interest accrues from March 26, 2026 and is payable quarterly on March 26, June 26, September 26 and December 26 through the maturity date, at a rate equal to compounded SOFR plus a spread of 1.05% per annum, floored at a minimum interest rate of 0.00%. Notes are unsecured, not FDIC insured, will not be listed, have no redemption feature, and GS&Co. is the calculation agent with discretion over SOFR determinations. The issuer may sell additional notes later at different terms.

GS Finance Corp. proposes to issue callable 10‑Year CMT Rate‑Linked Range Accrual Notes due March 26, 2031, guaranteed by The Goldman Sachs Group, Inc. The offering initial aggregate face amount is $5,000,000 and the original issue price is 100% of face.

Interest is paid quarterly beginning June 26, 2026 at a fixed 6.55% per annum for the first six quarterly payments. Beginning with the December 2027 payment, the quarterly annualized rate will be a weighted average of a 6.55% maximum factor and a 1.00% minimum factor based on daily 10‑year CMT reference dates relative to a 4.50% trigger. The issuer may redeem notes at 100% of face plus accrued interest on any quarterly interest payment date on or after September 26, 2027.

The Goldman Sachs Group, Inc. is offering fixed rate notes due 2046 that pay interest at 5.60% per annum. The notes have a trade date of April 15, 2026, an original issue date of April 17, 2026, and a stated maturity of April 17, 2046.

Terms shown are expected values and will be set on the trade date; investors who subscribe prior to the issuer’s earnings release may withdraw orders before the trade date. The notes will not be listed, will be issued in book-entry form through DTC, and use the 30/360 (ISDA) day count convention.

GS Finance Corp. offers autocallable, buffered Nasdaq-100 Index®-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount may be automatically called on the April 1, 2027 call observation date for a fixed cash payment of $1,100 if the Nasdaq-100 closing level is ≥ 110% of the initial level. If not called, maturity payoff on the March 28, 2031 stated maturity date depends on index performance: 169% upside participation if the final level is above the initial level; full principal preserved for declines up to 10%; losses beyond that equal approximately 1.1111% of face amount per 1% decline below 90% of the initial level.

The notes pay no interest, are unsecured obligations subject to issuer and guarantor credit risk, and have an estimated model value at pricing of between $885 and $915 per $1,000 face amount, below the issue price.

GS Finance Corp. is offering $1,000 face-amount, index-linked notes due April 4, 2030 tied to the Nasdaq-100, Nasdaq-100 Technology Sector and S&P 500. The cash payment at maturity is determined by the lesser performing underlier from trade date March 31, 2026 to determination date April 1, 2030. If all underliers finish above their initial levels, holders receive the face amount plus 133.3% participation of the lesser performing underlier’s return. If any underlier finishes below its buffer level (85% of initial), holders can lose principal proportionally; the notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Trigger Step Securities linked to the EURO STOXX 50® Index, with principal and payments guaranteed by The Goldman Sachs Group, Inc. The securities pay at maturity based on the index: if the final index level is ≥ the step barrier (100.00% of initial), you receive the greater of the step return (expected between 53.50% and 57.50%) or the index return; if the final level is between the step barrier and the downside threshold (75.00% of initial), you receive the face amount; if the final level is below the downside threshold you receive an amount that reflects the index decline and could lose your entire investment. Trade date is expected to be April 15, 2026, original issue date April 20, 2026, determination date April 15, 2031, and stated maturity April 18, 2031. The original issue price is 100.00% of face amount, underwriting discount 3.50%, and estimated value on the trade date is between $9.30 and $9.60 per $10 face. Payments are unsecured and depend on the issuer and guarantor creditworthiness.

GS Finance Corp. is offering index-linked medium-term notes due May 5, 2027 (original issue date April 6, 2026) linked to the Nasdaq-100, Russell 2000 and S&P 500. Each $1,000 face amount pays no interest and will settle in cash based solely on the lesser performing underlier on the determination date.

If every underlier’s final level is >= its trigger buffer (set at 65% of its initial level), holders receive the $1,103 maximum settlement per $1,000. If any underlier finishes below its trigger buffer, the cash payment equals $1,000 plus the lesser performing underlier return, producing a loss of principal proportional to that return; investors could lose their entire investment. The notes are senior debt of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000 face-amount autocallable contingent-coupon equity-linked notes due October 7, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Palantir Technologies Inc. and pay a monthly contingent coupon of $16 per $1,000 (1.6% monthly; up to 19.2% per annum) if the underlier meets a 60% coupon trigger. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. If the final underlier level is below the 50% trigger buffer, the cash settlement at maturity will decline proportionally and investors could lose their entire investment.

The pricing supplement describes GS Finance Corp. offered Autocallable Goldman Sachs Momentum Builder Focus ER Index-Linked Notes due April 5, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay capped cash amounts if automatically called on specified semi-annual call observation dates or a cash settlement at maturity tied to the index performance.

The initial index level is set on the trade date March 31, 2026. The notes include a multi-layer index methodology with a 5% realized volatility control and a 0.65% per annum deduction; GS&Co. estimates trade-date values of $885 to $935 per $1,000 face amount, below par.

GS Finance Corp. is offering autocallable, buffered S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called for $1,100 per $1,000 if the S&P 500® reaches ≥105% on the call observation date, and otherwise pay an amount tied to the index return at maturity. Key terms include an upside participation rate of 192.5%, a buffer level of 90% (buffer rate ≈111.11%), an expected trade date of March 25, 2026, an expected original issue date of March 30, 2026, and an expected stated maturity of March 28, 2031. The estimated value at pricing is between $885 and $915 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and complex tax treatment.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a monthly contingent coupon of $9.167 per $1,000 if each underlier meets a 60% trigger on each observation date. Notes are automatically called if all three underliers are at or above their initial levels on a call observation date; if not called, the cash settlement at maturity is tied to the lesser performing underlier and can result in a total loss of principal. Trade date is March 31, 2026, original issue date April 3, 2026, and stated maturity is April 5, 2029.

The Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5) is a rules-based index that shifts exposure between a multi-asset "base index" and non-interest bearing cash when realized volatility exceeds a 5% limit or when negative price momentum is detected. The base index rebalances daily across equities, fixed income, commodities and a return-based money market position, subject to minimum/maximum weights and a realized-volatility constraint.

The index applies a 0.65% per annum deduction (accruing daily) and subtracts the federal funds rate from the base index return. As of March 2, 2026, the money market position represented 50.76% of the base index, and the index has shown lower realized volatility (annualized 3.48%) and a since‑launch annualized return of 2.18% (Jan 2021–Mar 2, 2026).

GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index with a trade date of March 31, 2026, original issue date of April 6, 2026 and a stated maturity of April 5, 2029. Each note has a $1,000 face amount and does not pay interest.

Payment at maturity depends on the underlier return: if the final level exceeds the initial level the holder receives $1,000 plus the upside participation rate (at least 152%) times the underlier return; if the final level is between the initial level and the buffer level (set at 90% of the initial level) the holder receives the face amount; if the final level is below the buffer level the holder suffers a pro rata loss tied to the decline below the buffer, magnified by the buffer rate (100%), and could lose a substantial portion of principal.

GS Finance Corp. is offering contingent monthly‑coupon, auto‑callable notes linked to the MSCI EAFE Index that mature on March 28, 2030. Each $1,000 face amount may pay monthly coupons of $9.834 if the index stays at or above 90% of its initial level during each monthly measurement period through March 2027. The notes are automatically redeemed in March 2027 if the 90% condition is met on every trading day of the measurement periods; otherwise investors receive a cash settlement at maturity equal to $1,000 plus $1,000×multiplier×(index return + 10%). The multiplier is approximately 111.11%. The estimated value at pricing was approximately $982 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable notes due March 23, 2029 linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and, at maturity, provide for (i) participation of 175% if the final index level is at or above the initial level of 532.49, (ii) the absolute index return if the final level is between 65% and 100% of the initial level, or (iii) a downside payout using a 153.85% buffer rate and a 35% buffer amount if the final level is below 65% of the initial level. The issuer may redeem the notes on specified quarterly call payment dates; call premiums range from 11.5% to 31.625%. Trade date is March 23, 2026, original issue date March 26, 2026, and aggregate face amount on the original issue date is $18,250,000. The estimated value on the trade date is approximately $990 per $1,000 face amount and the original issue price is 100%. Payments are subject to issuer/guarantor credit risk and tax uncertainties.