Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced an offering of autocallable, non‑interest bearing buffered basket‑linked notes due March 29, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of the EURO STOXX 50® and the S&P 500® Equal Weight Index and carry an automatic call feature on the call observation date expected March 24, 2028.

If the basket closing level on the call observation date is greater than or equal to the initial basket level (set at 100), each $1,000 face amount will be redeemed for $1,110 on the call payment date expected March 29, 2028. If not called, at maturity each $1,000 face amount pays $1,000 plus 100% participation in any positive basket return; if the basket return is zero or negative, investors receive only the $1,000 face amount. The estimated initial value range on the trade date is between $925 and $955 per $1,000 face amount; original issue price is 100% with an underwriting discount of 2.1% (net proceeds 97.9%).

GS Finance Corp. offers $2,178,000 in principal amount of buffered, non‑interestbearing notes linked to the S&P 500® Index. The notes pay cash at maturity based on the index performance from the trade date (March 20, 2026) to the determination date (March 20, 2029), with a 10% buffer (buffer level = 90% of the initial level).

If the final index level is above the initial level, you receive the index return; if the final level is between the buffer level and the initial level, you receive the face amount; if the final level is below the buffer level you incur losses proportional to the decline below the buffer (buffer rate = 100%), and you may lose a substantial portion of principal. The notes do not pay interest and are fully guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers $23,075,310 aggregate face amount of Trigger Autocallable Notes linked to the Russell 2000® Index due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on quarterly observation dates if the index equals or exceeds the autocall barrier, and provide contingent repayment at maturity tied to a 75.00% downside threshold of the initial index level. The per‑annum call return starts at 11.00% and increases on later call dates; if not called and the final index level is below the downside threshold, investors suffer a principal loss equal to the index decline.

GS Finance Corp. offers structured notes linked to the S&P 500 Index that mature on April 7, 2027. The cash payment at maturity depends on the underlier return from the trade date to the determination date: positive returns are paid up to a $1,100 cap per $1,000 face amount; moderate declines within a 22.05% trigger buffer produce a positive payment equal to the absolute underlier return; declines beyond the buffer produce a proportional loss of principal.

The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., carry issuer and guarantor credit risk, and have an original issue price equal to face amount less a 1% underwriting discount. The pricing supplement dates and key terms are provided in the document.

The pricing supplement describes GS Finance Corp. offering $41,116,000 aggregate principal of contingent income auto-callable securities linked to the common stock of NVIDIA Corporation. The securities mature on March 23, 2029, pay contingent quarterly coupons only if NVDA closes at or above a downside threshold of $86.35 (50.00% of the initial share price of $172.70), and are automatically called if NVDA closes at or above the initial share price on any call observation date.

Payments at maturity depend on the final share price: if final share price is at or above the downside threshold, investors receive principal ($1,000) plus any final contingent coupon; if below, payment equals $1,000 multiplied by the share performance factor and investors may lose a significant portion or all principal. The securities are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., carry an estimated value of $969 per security at issuance, and include an underwriting discount of 2.25%.

GS Finance Corp. is offering contingent quarterly coupon medium-term notes linked to the common stock of NVIDIA Corporation (Bloomberg: "NVDA UW") under a pricing supplement dated March 20, 2026. Each $1,000 note pays a contingent quarterly coupon of $31.875 if the underlier meets a coupon trigger of 50% of the initial level and is subject to automatic call if the underlier closes at or above the initial level on any call observation date.

At maturity (stated maturity March 23, 2029), cash repayment is either 100% of face amount if the final underlier level is at or above the trigger buffer (50%) or $1,000 × (1 + underlier return) if below the buffer, exposing investors to the potential loss of their entire investment. The notes are unsecured obligations of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; pricing shows an original issue price of $1,000 per note with a 2% underwriting discount.

GS Finance Corp. is offering $19,102,000 of principal-protected contingent buffer notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 205%, a buffer level of 85% (buffer amount 15%), and may be automatically called on the call observation date for $1,100 per $1,000 face amount if the underlier is at or above the initial level.

Key dates: trade date March 20, 2026, original issue date March 25, 2026, call observation date April 2, 2027, call payment date April 7, 2027, determination date March 20, 2028, and stated maturity date March 23, 2028.

GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due April 15, 2027 under a pricing supplement that references Class A common stock of Meta Platforms, Inc. as the underlier. The notes pay contingent quarterly coupons when the underlier is at or above an 85% coupon trigger and include an 85% buffer level / 15% buffer amount with a buffer rate of approximately 117.65%. The notes are subject to an automatic call if the underlier is at or above the initial level on any call observation date. Trade date is March 27, 2026 and original issue date is April 1, 2026. The offering price is 100% of face amount, underwriting discount up to 1%, and net proceeds to the issuer of 99% of face amount. The notes are senior debt of GS Finance Corp., unlisted, cash‑settled at maturity and fully guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk and may result in the loss of the entire investment.

GS Finance Corp. is offering index-linked notes with an aggregate face amount of $1,618,000 due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc.

The notes reference the STOXX® Europe 600 and EURO STOXX 50® indices, measure performance from the trade date March 20, 2026 to the determination date March 20, 2031, and pay at maturity based on the lesser performing index. The notes do not bear interest and feature a 300% participation rate in positive returns up to a $2,132 maximum settlement per $1,000 face amount. A buffer provides full principal return if each index finishes at or above 70% of its initial level; if the lesser performing index finishes below that buffer, principal is exposed to the full negative return of that index. The estimated value on the trade date was approximately $972 per $1,000 face amount and the original issue price is 100% of face amount.

GS Finance Corp. prices $2,800,000 of Enhanced Trigger Jump Securities. The unsecured, principal-at-risk notes are guaranteed by The Goldman Sachs Group, Inc., priced March 20, 2026, issued March 25, 2026 and mature April 2, 2027.

The payoff per $1,000 depends on the S&P 500® Index performance from an initial index value of 6,506.48 to the valuation date. If the final index value is >= the downside threshold (5,205.184, 80.00% of the initial value), holders receive $1,000 plus a fixed 9.60% ($96.00) upside payment. If the final index value is below the downside threshold, payment equals $1,000 × (final/initial), exposing holders on a 1:1 basis to losses, with no minimum payment.

GS Finance Corp. is offering Airbag In‑Digital Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities pay a digital return if the final index level is at or above the downside threshold (90.00% of the initial level); otherwise principal is contingent and holders lose approximately 1.1111% of face amount for each 1.00% decline beyond the 10.00% threshold. The digital return is expected to be between 13.70% and 15.70%. Trade date is expected to be March 25, 2026, original issue date March 30, 2026, determination date August 31, 2027, and stated maturity September 3, 2027. The estimated value on the trade date is expected between $9.65 and $9.95 per $10 face amount; original issue price is 100.00% of face amount. All payments are subject to the issuer’s and guarantor’s creditworthiness.

GS Finance Corp. is offering callable contingent coupon equity-linked notes due April 2028, fully guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Palantir Technologies Inc. The notes pay a contingent monthly coupon only if the underlier's closing level on each observation date is ≥60% of the initial level, using a cumulative coupon formula that references $18.542 per coupon-observation increment. The issuer may redeem the notes on any coupon payment date beginning July 2026. At maturity, if the final underlier level is ≥60% of the initial level the cash settlement equals $1,000 per $1,000 face amount; if below 60% the cash settlement equals $1,000 × (1 + underlier return), meaning investors could lose their entire investment if the underlier falls to zero.

GS Finance Corp. priced $5,572,000 of Contingent Income Callable Securities due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc., linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100 indices.

Each $1,000 security may pay a contingent quarterly coupon of $21.875 only if every underlying index closes at or above a 60.00% downside threshold on every index business day during the observation period. If not redeemed early, final payment equals $1,000 or $1,000 multiplied by the worst-performing index performance factor; losses can exceed 40.00% and could be total. Estimated value at pricing was $968 per $1,000; original issue price is $1,000.

GS Finance Corp. is offering non‑interest, principal‑protected‑style notes linked to an equally weighted basket of Amazon, Broadcom, Microsoft, NVIDIA, and Oracle. The notes have an expected stated maturity of April 3, 2031 and an automatic call feature beginning on March 29, 2027. The notes carry an upside participation rate of 150% and a trigger buffer level of 60% (i.e., a -40% break‑point). Estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and to the calculation agent’s determinations.

GS Finance Corp. files a pricing supplement offering $1,175,000 of Buffered Digital S&P 500® Index-Linked Notes due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and reference the S&P 500 closing level from an initial index level 6,506.48 (trade date March 20, 2026) to the determination date March 20, 2028. For each $1,000 face amount the threshold settlement amount is $1,137.50; positive returns are capped by this threshold and upside participation is limited. A 25% buffer applies (buffer level = 75% of the initial level; buffer rate ≈ 133.33%); if the final index level is below the buffer level, losses can be substantial and you could lose your entire investment. The estimated value on the trade date is approximately $986 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.1% and net proceeds to the issuer of 98.9%. Payments are subject to the issuer’s and guarantor’s credit risk and to tax uncertainty.

GS Finance Corp. is offering $2,020,000 aggregate face amount of medium-term, cash-settled notes linked to the S&P 500® Index with a stated maturity of March 25, 2031. For each $1,000 face amount, the cash payment at maturity equals either: (1) $1,000 plus $1,000× the 107% upside participation × the underlier return if the final level is above the initial level; (2) $1,000 if the final level is between 60% and 100% of the initial level; or (3) $1,000 plus $1,000×(final−initial)/initial if the final level is below 60% (i.e., losses pro rata, potentially eliminating principal). The notes pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc. Investors remain exposed to issuer/guarantor credit risk, market/volatility effects on the S&P 500, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Market Linked Securities—leveraged, buffered, equity‑index linked notes linked to the S&P 500® Index with a stated maturity date of March 23, 2028. Each security has a $1,000 face amount, an original offering price of $1,000 and an estimated value at pricing of approximately $969 per $1,000 face amount. At maturity holders receive: (1) if the ending level > starting level, the face amount plus 150% of the percentage increase subject to a maximum return of 20.25% (maximum payment $1,202.50); (2) if the ending level falls up to 10% (the buffer) you receive the face amount; (3) if the ending level falls by more than 10% you suffer 1‑for‑1 losses on the excess (you may lose up to 90% of face). Payments are unsecured and subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.. Pricing date: March 20, 2026; Calculation Day: March 20, 2028. The securities pay no interest or dividends and are designed to be held to maturity.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured, cash-settled notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $1,302,000. The notes pay no interest and mature on March 25, 2031. Investors receive for each $1,000 face amount either: (1) $1,000 plus 187.5% of the underlier return if the final level is at or above the initial level; (2) $1,000 plus the absolute underlier return if the final level declines but stays at or above 85% of the initial level (a 15% buffer); or (3) a reduced amount tied to the buffer rate if the final level is below the buffer level, exposing investors to substantial principal loss. The underlier tracks E-mini S&P 500 futures (Bloomberg: SPXFP Index); price examples and tax, market‑liquidity and credit risks are disclosed in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $30,997,000 of S&P 500®-linked buffered notes. The notes pay no interest and mature on April 7, 2027 with a determination date of April 2, 2027. For each $1,000 face amount, holders receive a capped payment of up to $1,085 if the final underlier level is greater than or equal to the buffer level (85% of the initial level). If the final underlier level is below the buffer level, losses are magnified by a buffer rate of approximately 117.65%, causing investors to lose about 1.1765% of face amount for every 1% decline below the buffer; investors could lose their entire principal. Trade date: March 20, 2026; original issue date: March 25, 2026. Underlier: S&P 500® Index. Original issue price: 100% of face amount; underwriting discount: 1%; net proceeds: 99% of face amount.

GS Finance Corp. priced a $12,000,000 offering of Contingent Income Buffered Auto-Callable Securities linked to the common stock of Freeport-McMoRan Inc.

The securities, unsecured notes guaranteed by The Goldman Sachs Group, Inc., mature on March 25, 2027 and pay a contingent monthly coupon only when the underlying stock closes at or above a buffer price equal to 70.00% of the initial share price. The initial share price is stated as $53.62 (closing price on March 19, 2026), and the contingent coupon calculation uses a stated multiplier of $18.309 per $1,000 principal across coupon observation dates.

If the securities are automatically called on any call observation date when the underlying closes at or above the initial share price, holders receive the $1,000 principal per $1,000 plus the contingent coupon then due. If not called, a final payment at maturity pays $1,000 if the final share price is at or above the buffer price; if below the buffer price, holders suffer downside exposure equal to approximately 1.4286% of principal for every 1.00% decline beyond the buffer (the disclosed downside factor).

GS Finance Corp. is offering $228,000 face amount of notes linked to the S&P 500® Index. The notes trade on March 20, 2026, have an original issue date of March 25, 2026, a determination date of March 20, 2028 and a stated maturity date of March 23, 2028.

For each $1,000 face amount, the cash settlement will be: (1) $1,000 plus the underlier return if the final level is >= the initial level, capped at a maximum upside settlement amount of $1,295; (2) $1,000 plus the absolute underlier return if the final level declines ≤ the buffer of 10% (buffer level = 90%); or (3) an amount that produces a loss if the final level is below the buffer, where losses can be a substantial portion of principal. The notes pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering equity‑linked notes tied to GOOGL, NVDA and MSFT with an aggregate face amount of $375,000 on the original issue date. The notes have a stated maturity of March 23, 2029 and an automatic call feature on the call observation date, March 22, 2027, if each index stock closes at or above its initial price. If automatically called, each $1,000 face amount pays $1,620 on the call payment date. If not called, the cash settlement at maturity is determined solely by the lesser performing index stock: positive linkage with a 300% upside participation rate when all final prices exceed initial prices; an absolute positive payoff when all final prices are ≥60% of initial prices; and downside exposure to the full negative return of the lesser performing stock if any final price is below 60% of its initial price.

GS Finance Corp. priced $2,377,000 of Dual Directional Buffered PLUS tied to the EURO STOXX 50® Index. The notes mature on March 23, 2028 and provide 150% leveraged upside of any positive index return (leverage factor 150%), subject to a maximum payment of $1,293.00 per $1,000 and a 10.00% buffer. If the final index value declines by ≤10.00% from the initial index value, holders receive principal plus the absolute index return (capped at +10.00%); declines beyond 10.00% produce a 1:1 loss, subject to a $100 minimum payment. Pricing date was March 20, 2026, original issue date March 25, 2026, and valuation date March 20, 2028. The estimated value at issuance was approximately $958 per $1,000, below the issue price; payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent automatic-call notes linked to the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF (XLU). The notes mature on March 27, 2031 but may be automatically called beginning on March 22, 2027 if each underlier closes at or above its initial level on a call observation date; call premiums rise across sixteen scheduled call dates (first call premium 17.45%, later up to 82.8875%).

At maturity, if not called, payoff depends on the lesser performing underlier: full face amount plus a 87.25% maturity premium if all underliers finish at or above initial levels; return of $1,000 if all finish at or above 70% of initial levels but any is below initial; otherwise repayment depends on the lesser performing underlier return (losses possible, including complete loss). The trade date initial levels and key terms are specified, estimated value at pricing was approximately $935 per $1,000 face amount, original issue price 100%, underwriting discount 4.125%, net proceeds 95.875%. Credit risk of the issuer and guarantor applies.

GS Finance Corp. is offering structured, cash‑settled notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $2,654,000. The notes pay a contingent monthly coupon of 0.5834% per month (up to ~7.00% per annum) when each underlier is at or above a 60% coupon trigger on observation dates and are subject to an automatic call if all underliers are at or above their initial levels on any call observation date.

Payments at maturity depend on the lesser performing underlier (Nasdaq‑100, Russell 2000, S&P 500). If the lesser performing underlier ends below its 50% trigger buffer level, principal can be reduced proportionally — investors could lose their entire investment. Trade date: March 20, 2026; original issue date: March 25, 2026; stated maturity: March 27, 2029.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the Russell 2000® Index with an aggregate face amount of $345,000. For each $1,000 face amount, payment at maturity depends on the underlier return measured from the trade date to the determination date. If the final level is at or above the initial level, payoff equals principal plus the underlier return subject to a maximum upside settlement amount of $1,193 per $1,000 face. If the final level is below the initial level but within the buffer amount of 10% (buffer level = 90% of initial), the notes pay principal plus the absolute underlier return. If the final level is below the buffer level, investors absorb losses equal to 1% of face for each 1% decline beyond the buffer; large principal losses are possible. Trade date is March 20, 2026, original issue date March 25, 2026, determination date April 20, 2027, and stated maturity April 23, 2027. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and carry underwriting costs reflected in a net proceed of 99.275% of face. Pricing models used by GS&Co. value the notes below original issue price; market liquidity is not assured.

GS Finance Corp. is offering equity-linked, auto-callable securities tied to the common stock of Blackstone Inc. (underlying). Each security has a $1,000 face amount and an original offering price of $1,000. The pricing date is April 14, 2026 and the stated maturity is April 19, 2034. The securities pay no interest or dividends, are subject to automatic early redemption on specified call dates if the stock closing price meets call thresholds (first 20 call dates: 90.00% of the starting price; final call date: 60.00%), and otherwise deliver a maturity payment with 1-to-1 downside exposure to the underlying stock. Investors may lose up to 100.00% of the face amount. The estimated value at pricing is between $885 and $915 per $1,000 face amount. All payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers autocallable contingent coupon equity-linked notes due April 15, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Snowflake Inc. (SNOW) and pay contingent quarterly coupons only if the underlier closes at or above 70% of the initial level on each coupon observation date.

If not called, maturity cash is paid per $1,000 face amount and depends on the final underlier level relative to a 70% buffer; downside exposure can eliminate most or all principal (examples show as low as ~25.714% of face). Trade date is March 27, 2026; original issue date is April 1, 2026.

GS Finance Corp. is offering $7,357,000 aggregate face amount of trigger autocallable notes due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an unequally weighted basket: EURO STOXX 50 (40.00%), Nikkei 225 (25.00%), FTSE 100 (17.50%), SMI (10.00%) and S&P/ASX 200 (7.50%).

Key economics: initial basket level 100, autocall barrier 100%, downside threshold 75%, and an annualized call return notionally 9.50% (applying to staged call returns that rise to 47.50% at final observation). Trade date is March 20, 2026; original issue date is March 25, 2026. Notes pay no coupons; contingent repayment of principal applies only at maturity. Estimated value at pricing was approximately $9.54 per $10 face amount; original issue price was 100.00% of face amount.

GS Finance Corp. priced a capped, buffer-structured note linked to the S&P 500 Index with an aggregate face amount of $470,000. The notes pay no interest and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

For each $1,000 face amount, maturity payoff depends on the underlier return from the trade date (March 20, 2026) to the determination date (April 20, 2027): gains are passed through up to a $1,135 cap; declines up to a 10% buffer produce a positive absolute return; declines beyond the buffer produce losses pro rata. Stated maturity is April 23, 2027. Original issue price was 100% with an underwriting discount of 0.725%.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes (face amount $1,000) guaranteed by The Goldman Sachs Group, Inc. The securities are linked to the lowest performing of ServiceNow, Inc. and Broadcom Inc.; if automatically called on the March 25, 2027 call date you receive the face amount plus a 50.00% call premium. If not called, maturity is March 23, 2029 and the maturity payment depends solely on the lowest performing underlying stock: you participate at an 317.00% upside rate if that lowest stock finishes above its starting price, receive the face amount if its decline is no more than 40%, or suffer 1-to-1 downside (loss up to 100%) if it falls more than 40%. The pricing date estimated value was approximately $953 per $1,000 face amount; original offering price is $1,000, with proceeds to issuer $974.25 per security.

GS Finance Corp. is offering $130,000 in S&P 500®-linked buffer notes, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature on September 23, 2027, with a determination date of September 20, 2027. For each $1,000 face amount the cash settlement at maturity depends on the S&P 500 final level versus the initial level of 6,506.48. A 10% buffer (buffer level = 90% of initial) protects small declines: a final index decline up to 10% produces a positive payout equal to the absolute index decline, while declines beyond the buffer cause proportional losses. Upside is capped at $1,207 per $1,000 face amount. The original issue price equals 100% of face and underwriting discount is 0.55%.

GS Finance Corp. is offering an aggregate face amount of $2,000,000 of medium-term notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the S&P 500® Index, pay no interest and mature on September 23, 2027 (determination date September 20, 2027). For each $1,000 face amount, the cash payment at maturity equals $1,000 plus the underlier return if the final underlier level exceeds the initial level, subject to a maximum settlement amount of $1,105; otherwise holders receive the $1,000 face amount. The original issue price is 100.0% with a 0.5% underwriting discount (net proceeds 99.5%). The pricing supplement discloses tax treatment as contingent payment debt with a comparable yield of 4.5208% per annum.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes due March 23, 2029 linked to the lowest performing of Adobe Inc. and CoreWeave, Inc.. The pricing date was March 20, 2026 and the original offering price is $1,000 per security.

The notes pay no interest, have a 350% upside participation rate if not called, and an automatic call feature on March 25, 2027 that pays a capped call premium of $500 per $1,000 face amount (50%). The estimated value at pricing was approximately $923 per $1,000 face amount. If not called, holders receive a maturity payment tied solely to the lowest performing underlying stock; downside is 1-to-1 below the threshold and investors may lose up to 100% of the face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $16,725,000 aggregate face amount of fixed-coupon index-linked notes due July 26, 2027. Each note has a $1,000 face amount, pays a fixed coupon of $6.667 monthly (approximately 8% per annum), and is guaranteed by The Goldman Sachs Group, Inc.

At maturity you also may receive a cash settlement tied to the lesser performing of the Nasdaq-100 and S&P 500 indices as measured from March 19, 2026 to the determination date (July 21, 2027). If both indices finish at or above 80% of their initial levels, you receive the $1,000 principal; if the lesser performing index falls below that buffer, the maturity payment is reduced by the formula using a 20% buffer and a buffer rate of 125%. The notes carry credit risk of GS Finance Corp. and its guarantor, and the estimated value on the trade date was approximately $992 per $1,000 face amount.

GS Finance Corp. is offering $2,000,000 face amount of buffered, capped S&P 500® linked principal-at-risk notes due April 7, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide up to a maximum settlement of $1,106.50 per $1,000 if the final index level on the determination date is at or above the buffer level (90% of the initial level). If the final index level is below the buffer level, holders lose approximately 1.1111% of face amount per 1% decline below the buffer and could lose their entire investment. Key economics include an initial underlier level of 6,606.49, trade date March 20, 2026, original issue price 100% of face amount, underwriting discount 1% and net proceeds to issuer 99%. The offering is subject to the issuer and guarantor credit risk and additional terms in the referenced prospectus supplements.

GS Finance Corp. offers medium-term notes linked to Constellation Energy common stock, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $4,507,000 and a $1,000 face amount per note. The cash payment at maturity (stated maturity date April 7, 2027) is determined by the final underlier level on the determination date (April 2, 2027) versus a 75% buffer level. If the final underlier level is at or above the buffer level, holders receive the maximum settlement amount of $1,198 per $1,000 face amount; if below the buffer level, the payout declines roughly 1.3333% of face for each 1% decline below the buffer and investors could lose their entire investment. The notes do not pay interest, were issued at 100% of face with a 1% underwriting discount (net proceeds 99%), and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers leveraged S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity. If the final underlier level exceeds the initial level, holders receive the face amount plus 119.5% times the underlier return; if the final underlier level is equal to or below the initial level, holders receive the face amount. Trade date is April 8, 2026, original issue date is April 13, 2026, determination date is April 8, 2031 and stated maturity date is April 11, 2031 (each subject to adjustment as described in the supplement). The underlier is the S&P 500® Futures Excess Return Index, which tracks E‑mini S&P 500 futures rather than the cash S&P 500® Index, and the notes are exposed to issuer and guarantor credit risk.

GS Finance Corp. offers $1,007,000 aggregate face amount of buffered notes due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is linked to the Invesco S&P 500® Equal Weight ETF (initial level $190.48 on March 20, 2026) and is subject to a 115% cap (maximum settlement $1,150 per $1,000). The notes provide a 15% buffer (buffer level = 85% of the initial level) such that modest declines up to 15% produce a positive absolute return, while larger declines result in losses equal to the ETF return plus 15%. The estimated value on the trade date was approximately $958 per $1,000; original issue price is 100%, underwriting discount 3.25%, net proceeds 96.75%.

The notes pay no interest and expose holders to issuer/guarantor credit risk, market‑timing risk tied to the determination date (March 20, 2028), potential tax uncertainties including Section 1260 treatment and FATCA, and limited secondary‑market liquidity.

GS Finance Corp. is offering non-interest-bearing, automatic-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The initial aggregate face amount is $2,000,000 with an original issue date of March 25, 2026 and stated maturity of March 22, 2033. The initial index level is 110.48 and the estimated value at pricing was approximately $956 per $1,000 face amount. Notes pay the maximum settlement amount of $1,875 per $1,000 if the final index level is ≥99% of the initial level, and are automatically redeemed on specified semiannual call observation dates beginning in March 2027 if the index closes at least 101.25% of the initial level. The index methodology includes daily rebalancing, a 5% volatility control, momentum-based cash allocations, and a 0.65% per annum deduction accruing daily; significant allocations to hypothetical cash positions are possible. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a $15,315,000 issue of Contingent Income Callable Securities due March 23, 2028. Each $1,000 security pays a $40 contingent quarterly coupon if all three underlying indexes remain at or above 75% of their initial values during the prior observation period; otherwise the coupon for that quarter is $0.

If not redeemed, maturity pays $1,000 if all final index values are at or above the 75% downside thresholds; otherwise payment equals $1,000 times the worst performing index performance factor (could be $0). The issuer may redeem at par on coupon dates from June 25, 2026 through December 23, 2027. Estimated value at pricing was approximately $969 per $1,000; original issue price shows a 2.00% underwriting discount.

GS Finance Corp. is offering callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on March 25, 2031 unless automatically called on an observation date between June 2026 and February 2031 when the underlier is ≥ the initial level of 394.46. Monthly observation dates begin April 20, 2026.

For each $1,000 face amount, a coupon of $13.334 will be paid on an applicable payment date only if the index closing level on the related observation date is at least 60% of the initial level. The index applies a 6% per annum daily decrement and may use up to 500% leverage; the estimated value at pricing was approximately $950 per $1,000 face amount. Original issue price is 100% with an underwriting discount of 0.9% and aggregate face amount $509,000.

GS Finance Corp. offers structured medium-term notes guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The notes have an aggregate face amount of $423,000, an original issue price of 100% of face and pay a contingent monthly coupon of $6.667 per $1,000 (0.6667% monthly, ~8.00% per annum potential) only if each underlier meets a coupon trigger level of 70% of its initial level on the observation date. The notes mature on March 25, 2030 with a cash settlement tied solely to the lesser performing underlier on the determination date; if that underlier is below the buffer level of 70%, principal at maturity may be substantially reduced according to the disclosed buffer formula. The issuer may redeem the notes in whole on any coupon payment date commencing in June 2026 through February 2030.

GS Finance Corp. priced Contingent Income Callable Securities totaling $33,028,000 linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100. The securities pay a contingent quarterly coupon of $30.375 per $1,000 only when each index stays at or above a 70.00% downside threshold during the observation period. The notes are principal-at-risk: at maturity on March 23, 2028 investors receive $1,000 if all final index values are at/above their thresholds, otherwise the payment equals $1,000 multiplied by the worst-performing index performance factor (potentially below $700 and could be zero). GS&Co. may redeem the notes at par on coupon dates from June 25, 2026 through December 23, 2027. Estimated value at pricing was approximately $969 per $1,000; original issue price equals principal amount.

GS Finance Corp. is offering structured, cash-settled notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $1,100,000. The notes pay no interest, may be automatically called on quarterly observation dates and mature on March 25, 2030.

Payments depend on three equity underliers: the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. A trigger buffer is set at 70% of each initial level; if the lesser performing underlier is below that buffer at maturity, the cash settlement equals the lesser performing underlier return times the face amount, which can result in a total loss. The notes have a capped upside via a 69.00% maturity premium and specified call premiums on scheduled call dates. Original issue price is 100% of face amount; underwriting discount is 0.75%.

GS Finance Corp. is offering autocallable, buffered principal notes guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $996,000. The notes mature on March 27, 2031 (determination date March 20, 2031) and do not pay interest.

Payments depend on the lesser performing underlier (Dow Jones Industrial Average, Russell 2000, EURO STOXX 50). The notes feature a trigger buffer level at 60% of each initial level and a capped maturity payment with a maturity date premium amount of 57.00%. They are subject to automatic annual calls with escalating call premiums (11.4%–45.6%) on specified observation/payment dates.

GS Finance Corp. priced S&P 500®-linked notes with a $1,625,000 aggregate face amount, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 150%, a trigger buffer of 80%, and an initial underlier level of 6,506.48. They are automatically called if the underlier on the call observation date is greater than or equal to the initial level; in that case each $1,000 face amount pays $1,131.40 on the call payment date. If not called, maturity payoff depends on final underlier performance: upside participation when final > initial, full return at or above the trigger buffer, or a loss linked to the underlier return if final < trigger buffer. Trade date was March 20, 2026 and stated maturity is March 23, 2028. The notes are subject to issuer and guarantor credit risk and may result in the loss of the entire investment.

GS Finance Corp. is offering structured notes linked to three underliers: the EURO STOXX 50®, the Nasdaq-100® and the VanEck Semiconductor ETF (SMH). The notes have an expected trade date of April 7, 2026, original issue date expected April 10, 2026 and a stated maturity date expected April 12, 2029.

Monthly coupon observation dates are expected on the 7th of each month (final observation April 9, 2029). A coupon formula yields up to 1.0084% monthly (approximately 12.1% annualized) per $1,000 face amount when each underlier on an observation date is >= 60% of its initial level. Notes will be automatically called on a call observation date (Oct 2026–Mar 2029) if each underlier is >= its initial level; called notes pay face amount plus accrued coupon on the following call payment date.

At maturity (if not called) the cash payment depends on the lesser performing underlier: if every underlier is >= 60% of initial, you receive $1,000 plus any final coupon; if any underlier is < 60% but >= 50%, you receive $1,000 and no coupon; if any underlier is < 50%, the payment is $1,000 times (1 + lesser underlier return), which can be less than 50% of face. The notes are unsecured obligations of GS Finance Corp. with a guarantee from The Goldman Sachs Group, Inc., and their estimated value at pricing is stated between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering leveraged, buffered notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature in April 2031 with a determination date of April 8, 2031.

Key economic terms expected on the trade date include an upside participation rate of 168%, a buffer level of 80% (buffer amount 20%) and a buffer rate of 100%. If the final underlier level exceeds the initial level, holders receive participation on gains; if the final level is between the buffer and initial level, holders receive the face amount; if the final level is below the buffer, holders absorb losses multiplicatively and could lose a substantial portion of principal. The underlier tracks E-mini S&P 500 futures (not the cash S&P 500 Index) and is exposed to futures-specific effects such as implicit financing costs and negative roll yields. Investors remain subject to issuer and guarantor credit risk and uncertain U.S. federal tax treatment.