Goldman Sachs Group Inc. 424B Filings

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.

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 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.

GS Finance Corp. offers Buffered STOXX® Europe 600 Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes have a stated maturity of March 28, 2029 and pay at maturity based on the STOXX® Europe 600 closing level on the determination date. The notes provide an upside participation rate of 168.7% for positive index returns, a 10% buffer that preserves principal if the final index level falls by up to 10%, and full downside exposure beyond that buffer. The trade date is March 23, 2026; the initial index level is 576.78. The estimated value on the trade date is approximately $986 per $1,000 face amount, the original issue price is 100%, and the offering carries a 0.5% underwriting concession.

GS Finance Corp. priced contingent monthly coupon notes (aggregate face amount $1,000,000) guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of NVIDIA Corporation (ticker: NVDA UW). The notes pay a monthly contingent coupon of $9.667 per $1,000 face amount (0.9667% monthly, up to ~11.6% per annum) when the underlier closes at or above 50% of the initial level on observation dates. 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 is March 28, 2028, and cash settlement depends on the final underlier level (full loss possible if the final level is below 50%). The initial underlier level is $175.64. The original issue price is 100% with a 2.35% underwriting discount.

GS Finance Corp. is offering indexed, principal-at-risk notes maturing March 27, 2031, linked to the Nasdaq-100 and S&P 500. The cash payment at maturity depends on the lesser performing underlier: investors receive upside participation (109.5%) of the lesser underlier return if both rise, full principal if declines remain >=85% (buffer), or a pro rata loss below the buffer. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and carry underwriting fees and credit risk of issuer and guarantor.

GS Finance Corp. is offering notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The index dynamically allocates among up to nine underlying indices and cash positions, rebalancing daily based on historical returns, volatility constraints and momentum rules. A 5% volatility control and a 0.65% per annum deduction (accruing daily) apply; allocations can shift heavily into cash, reducing index performance. Notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and their payments depend on the index methodology, specified pricing supplements and issuers’ creditworthiness.

GS Finance Corp. is offering callable, index‑linked medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an $3,486,000 aggregate face amount of notes issued at 100% of face ($1,000 per note) with an underwriting discount of 4.125% and net proceeds of 95.875%. The notes pay a contingent monthly coupon of $7.084 per $1,000 (approximately 0.7084% monthly or up to about 8.5% per annum) when each underlier meets a 75% coupon trigger. They are automatically callable quarterly if each underlier is at or above its initial level on a call observation date. If not called, the cash payment at maturity (stated maturity March 31, 2031) depends on the performance of the lesser performing underlier (Nasdaq‑100, Russell 2000 or S&P 500), with principal at risk down to 0%.

The pricing supplement describes GS Finance Corp.'s autocallable EURO STOXX 50® index-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on the call observation date if the underlier closes at or above the initial level (call payment per $1,000 ≥ $1,171.50), and otherwise pay a cash settlement at maturity linked to the EURO STOXX 50 performance with a 150% upside participation rate and an 80% trigger buffer. The notes expose investors to issuer/guarantor credit risk, model/pricing spreads (original issue price may exceed model value), limited secondary-market liquidity, and tax/complexity risks.

GS Finance Corp. is offering autocallable, buffered notes linked to the Dow Jones Industrial Average, due on March 28, 2031 with an expected trade date of March 25, 2026 and original issue date expected March 30, 2026. The notes pay no interest and include an automatic call on the call observation date (expected April 1, 2027) if the index is ≥110% of the initial level, producing a capped cash payment of $1,100 per $1,000 face amount. If not called, maturity payoff depends on index performance: upside participation is 173.4%, a 10% buffer applies (buffer rate ≈ 111.11%), and investors can lose all principal if the index falls sufficiently. The estimated value at pricing is $885–$915 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., exposing holders to their credit risk.

GS Finance Corp. offers $2,500,000 aggregate face of Buffered VanEck Gold Miners ETF‑Linked Notes due April 22, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and deliver a cash settlement per $1,000 face amount tied to the VanEck Gold Miners ETF performance measured from an initial ETF level of $80.12 set on March 20, 2026 to the determination date (April 20, 2027). If the final ETF level is ≥85% of the initial level, the holder receives a capped $1,217 per $1,000; below that threshold losses increase at a buffer rate of ~117.65%, and the investor can lose the entire investment. The estimated value at pricing was approximately $986 per $1,000 and the original issue price was 100% with an underwriting discount of 0.82%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6). The notes pay no interest, may be automatically called on specified observation dates beginning in March 2027, have an expected trade date of March 27, 2026, an expected original issue date of April 1, 2026, and an expected stated maturity date of April 1, 2031.

If called, holders receive $1,000 plus a call premium (tiered schedule up to 142.5%). If not called, maturity payout depends on the underlier return: maximum settlement is $2,500 per $1,000 face; a final underlier level at or below 50% of the initial level results in principal loss, potentially to zero. The underlier applies leverage (up to 500%), a daily 6% per annum decrement, and signal-based adjustments; estimated value at pricing is $885–$925 per $1,000 face, below the issue price.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000 face‑amount autocallable S&P 500® Index‑linked notes with a trade date of March 27, 2026 and original issue date March 31, 2026. The notes pay no interest and may be automatically called on the call observation date March 27, 2028 if the closing level of the S&P 500 is greater than or equal to the initial level; in that event the issuer will pay $1,163 per $1,000 face amount on the call payment date April 3, 2028. If not called, maturity is scheduled for April 3, 2031 and the cash settlement at maturity depends on the final underlier level: 100% participation in upside if final > initial, full return of principal if final ≥ 80% of initial, and a formulaic downside with a 20% buffer and 100% buffer rate if final < 80% (example: a final level at 20% of initial would yield 40% of face amount, implying a 60% loss on face amount). Terms such as the initial underlier level, issue price and certain fees will be set on the trade date and are subject to adjustment as described in the supplements. The notes are cash‑settled, not equity, carry issuer/guarantor credit risk, are not FDIC insured, and may have limited secondary market liquidity.

GS Finance Corp. is offering autocallable, buffered notes linked to the Dow Jones Industrial Average® with a call observation date expected on April 1, 2027 and a stated maturity date expected on March 28, 2031.

If the index is ≥105% of the initial level on the call observation date, holders receive $1,100 per $1,000 face amount on the call payment date. If not called, upside participation is 195.1% of positive index return at maturity. A 10% buffer protects against index declines up to 10%; declines beyond that expose holders to losses of approximately 1.1111% of face amount for each 1% decline below the buffer. The estimated value at pricing is between $885 and $915 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. is offering index-linked, principal-at-risk notes due April 20, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average and the S&P 500 and pay no interest.

Payoff is linked to the lesser performing underlier: if both underliers finish above their initial levels you receive the face amount plus an upside participation (at least 100%) times the lesser return. If the lesser performing underlier finishes at or above a buffer level (78% of initial), you receive the face amount. If it finishes below the buffer, you lose 1 of principal for each 1 decline below the buffer (for example, a final level of 20% implies a hypothetical cash settlement of 42% of face).