Goldman Sachs Group Inc. 424B Filings

The Goldman Sachs Group, Inc. is offering $50,000,000 aggregate principal of Callable Fixed Rate Notes due May 24, 2027, with an original issue date of March 24, 2026 and a fixed interest rate of 4.25% per annum. Interest dates are Sept 24, 2026, Mar 24, 2027 and May 24, 2027.

The issuer may redeem the notes in whole (but not in part) on each redemption date (Sept 24, 2026, Dec 24, 2026, Mar 24, 2027) at 100% of principal plus accrued interest with at least five business days’ prior notice. The initial price to public is 100%; underwriting discount 0.03% and estimated proceeds to the issuer before expenses are $49,985,000. Settlement is scheduled in New York on March 24, 2026.

The Goldman Sachs Group, Inc. is offering $15,000,000 principal amount of Callable Fixed Rate Notes due March 7, 2036 that pay interest at 5.15% per annum from and including the original issue date March 24, 2026 to but excluding maturity. Interest is payable annually on each March 24 and at maturity, with the first payment on March 24, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates beginning on or after September 24, 2027, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The initial price to public is 100% per note and the underwriters’ discount is 2.194%, producing proceeds before expenses of $14,670,900. Settlement is expected on March 24, 2026. The notes will be issued in DTC book-entry form and are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering $10,000,000 of Callable Fixed Rate Notes due March 7, 2041 that pay interest at 5.45% per annum from an original issue date of March 24, 2026. Interest is payable annually each March 24, beginning March 24, 2027.

The notes are redeemable at the issuer's option in whole (but not in part) on each redemption date occurring quarterly on or after March 24, 2029, at a redemption price equal to 100% of principal plus accrued interest. The initial price to public is 100% of principal ($10,000,000 aggregate); proceeds to the issuer before expenses are $9,757,500 after a 2.425% underwriting discount.

The Goldman Sachs Group, Inc. is offering $9,250,000 in fixed rate senior notes. The notes carry a 4.15% per annum coupon, will be issued on March 24, 2026 and mature on March 26, 2029. Interest is payable semiannually on March 24 and September 24 (with the March 2029 payment on the stated maturity date).

The original issue price is 100% of principal, with an underwriting discount of 1.04% and net proceeds to the issuer of 98.96%. The notes will not be listed and will be issued in book-entry form as a master global note registered in the name of DTC. Goldman Sachs & Co. LLC is the calculation agent and initial purchaser; offering activity is subject to FINRA Rule 5121 conflict-of-interest procedures and various international distribution restrictions.

The Goldman Sachs Group, Inc. is offering $10,000,000 principal amount of Callable Fixed Rate Notes due March 7, 2031 under its Medium‑Term Notes, Series N program.

The notes pay interest at 4.55% per annum from the original issue date March 24, 2026, with annual interest payments each March 24 (first payment March 24, 2027). The issuer may redeem the notes in whole, on specified quarterly redemption dates beginning March 24, 2027, at a price equal to 100% of principal plus accrued interest; at least five business days' notice is required.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable, buffered, fixed-coupon notes linked to the S&P 500® Index maturing March 28, 2030. Coupons are set on the trade date and will be at least $33 per $1,000 (at least 3.3% semi-annually; up to 6.6% per annum). The notes will be automatically called on a call payment date if the index closing level on any call observation date is greater than or equal to the initial index level.

At maturity, if the final index level is at least 80% of the initial level, each $1,000 face amount returns $1,000; if below 80%, the cash settlement uses a 125% buffer rate and a formula that can result in receiving less than the face amount. The trade date is expected to be March 25, 2026, original issue date March 30, 2026, determination date expected March 25, 2030. The estimated value on the trade date is between $900 and $930 per $1,000 face amount, below the original issue price of 100%.

GS Finance Corp. offers underlier-linked notes due 2031 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return either the face amount or a positive payoff tied to the lesser performing underlier of the EURO STOXX 50 and the iShares® MSCI EAFE ETF.

If both underliers finish above their initial levels on the March 25, 2031 determination date, the maturity payment equals $1,000 plus $1,000 × 130% × the lesser performing underlier return. If any underlier is equal to or below its initial level, holders receive the $1,000 face amount. The notes are unsecured senior debt, book-entry, CUSIP 40058YNX6, and subject to issuer and guarantor credit risk.

GS Finance Corp. offers leveraged buffered notes linked to the iShares MSCI EAFE ETF, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity on April 3, 2031 based on the underlier’s performance versus an March 31, 2026 trade date.

If the final underlier level exceeds the initial level, investors receive the face amount plus 110.5% times the underlier return. If the final level is down but no more than 30% (buffer level = 70%), investors receive the face amount. Declines greater than the buffer produce proportional principal loss; examples show potential cash settlement as low as 30.000% of face amount in extreme scenarios. The notes are subject to issuer and guarantor credit risk and tax uncertainties.

GS Finance Corp. is offering callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (initial underlier level 412.26). The notes mature on March 24, 2031 but may be automatically called on monthly observation dates beginning March 2027 if the index closes at or above the initial level. Monthly coupons accrue only when the index on an observation date is at least 60% of the initial level, with each coupon increment equal to $10.209 per $1,000 face amount (1.0209% monthly). The index applies up to 500% leverage, is subject to a daily 6.0% per annum decrement, and caps daily leverage changes at 100%. Estimated value at pricing was approximately $966 per $1,000 face amount; original issue price is 100% with a 1% underwriting discount. The aggregate original face amount is $2,968,000. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and expose holders to issuer/guarantor credit risk and index-specific leverage, decrement, and liquidity risks.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes that pay interest at 4.75% per annum. The trade date is March 31, 2026, the original issue date is April 2, 2026, and the stated maturity date is April 2, 2031. Interest is payable each April 2 and October 2, commencing on October 2, 2026. The notes will be issued in book-entry form through DTC and will not be listed on any exchange. The pricing supplement describes distribution mechanics, U.S. federal tax treatment for U.S. holders, FATCA withholding, and geographic selling restrictions.

GS Finance Corp. offers a $9,200,000 issue of buffer‑linked, callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq‑100 and Russell 2000 indices, pay no interest and may be automatically called on semi‑annual observation dates.

If not called, payoff at maturity on September 27, 2027 depends on the lesser performing underlier versus its initial level (initial levels set March 18, 2026). The structure includes a 20% buffer (buffer level = 80% of initial), a maturity cap of 29.10%, and call premiums of 9.7% and 19.4% on the two observation dates. You could lose your entire investment if the lesser performing underlier falls below the buffer level.

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, may be automatically called if the underlier closes at or above its initial level on the call observation date, and pay at maturity based on S&P 500 performance with a 150% upside participation rate and a trigger buffer at 70% of the initial level. The cash payout if called is capped between $1,103.20 and $1,121.10 per $1,000 face amount; if not called, maturity payoffs range from full principal plus upside participation to substantial losses (you could lose your entire investment if the final level is below the trigger buffer).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes linked to the common stock of Micron Technology, Inc. The notes trade on March 24, 2026

They pay a contingent monthly coupon of $22.792 per $1,000 (about 2.2792% monthly; up to ~27.35% annual) only when the underlier closes at or above a coupon trigger of 50% of the initial level on each coupon observation date. The notes will be automatically called on a call payment date if the underlier closes at or above the initial underlier level on the related call observation date.

At maturity (stated maturity September 29, 2027), if not called, cash settlement per $1,000 depends on the final underlier level: if the final level is at or above the trigger buffer (50%), you receive $1,000; if below, you receive $1,000 plus $1,000×(underlier return), which can result in a total loss of principal. Payments are subject to issuer and guarantor credit risk and other structural and market risks.

GS Finance Corp. is offering callable, contingent coupon notes due March 26, 2031 linked to the shares of Alphabet (Class C), NVIDIA, Meta (Class A) and AMD. The notes pay a monthly coupon that is 0.6459% (maximum) or 0.0209% (minimum) per $1,000 face amount depending on each observation date performance, and may be automatically called early if all four stocks equal or exceed their initial prices on a call observation date.

The aggregate original face amount at issuance was $3,562,000, with an original issue price of 100% of face and an estimated value at pricing of approximately $949 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., guaranteed by The Goldman Sachs Group, Inc., is offering contingent coupon notes linked to the common stock of Amazon.com, Inc., NVIDIA Corporation, Meta Platforms, Inc. and Alphabet Inc.. The notes have an expected trade date of March 31, 2026 and an expected original issue date of April 6, 2026, with an expected stated maturity of April 3, 2031.

The notes pay monthly coupons that will equal either a $7.292 maximum coupon or a $0.209 minimum coupon per $1,000 face amount depending on whether each index stock meets the 75% coupon trigger on observation dates. The notes may be automatically called beginning March 2027 if each index stock is at or above its initial price; automatic calls end February 2031. The offering shows an original issue price of 100%, an underwriting discount of 2.75%, net proceeds to issuer of 97.25%, and an estimated value at pricing between $885 and $915 per $1,000 face amount.

Payments are unsecured and subject to the credit risk of GS Finance Corp. and its guarantor. The calculation agent (GS&Co.) has broad discretion over price determinations, observation-date postponements and anti-dilution adjustments.

GS Finance Corp. priced contingent cash notes linked to the S&P 500® Index with a 15% buffer and a capped upside. Each note has a $1,000 face amount, an upside participation of 125% subject to a maximum settlement amount of $1,206 per $1,000 face. The notes pay no interest and are guaranteed by The Goldman Sachs Group, Inc.

The notes return the face amount at maturity if the final index level is within the buffer level of 85% of the initial level; declines beyond that buffer produce proportional principal losses, and holders could lose a substantial portion of invested principal. Trade date: March 19, 2026; original issue date: March 24, 2026; determination date: March 20, 2028; stated maturity: March 23, 2028. Aggregate face amount initially offered: $2,097,000. Credit risk rests with the issuer and guarantor; the notes are unsecured obligations and are not FDIC insured.

GS Finance Corp. is offering principal‑backed structured notes linked to the S&P 500® Index with an aggregate face amount of $4,000,000. Each $1,000 note has a 200% upside participation rate capped at a maximum settlement amount of $1,262 per $1,000 and pays no interest.

The notes feature a 10% buffer (buffer level = 90% of the initial underlier level set March 18, 2026). If the final underlier level on the determination date is at or above the buffer level but below the cap threshold, investors receive the face amount; if the final underlier level falls below the buffer level, investors suffer a pro rata principal loss. The notes are fully guaranteed by The Goldman Sachs Group, Inc. and mature on March 23, 2028.

GS Finance Corp. is offering equity‑linked, non‑interest bearing notes tied to the Class A common stock of Toast, Inc. with an automatic call feature. The trade date is March 19, 2026, original issue date March 24, 2026, aggregate face amount $1,775,000, and stated maturity March 22, 2029.

If the closing price of Toast common stock on the call observation date (March 19, 2027) is greater than or equal to the initial index stock price of $27.40, the notes are automatically called and pay $1,320 per $1,000 face amount on the call payment date (March 24, 2027). If not called, the maturity payment depends on the final index stock price on the determination date (March 19, 2029) and uses a 125% upside participation rate, a trigger buffer at 60% of the initial price, and special provisions that can produce large losses including total loss of principal.

GS Finance Corp. offers autocallable contingent-coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000, S&P 500 and Nasdaq-100 indices, can be automatically called on quarterly observation end dates starting June 2026, and mature expectedly on March 23, 2029. Coupons of $35.25 per $1,000 (3.525% quarterly, 14.1% annualized) are paid only if each index stays at or above 70% of its initial level during a quarterly observation period. At maturity, if not called, payoff depends on the lesser performing index: you receive $1,000 if that index is >= 60% of its initial level; otherwise you suffer a pro rata loss based on the lesser performing index return. The pricing supplement shows an estimated value at issuance of $925–$955 per $1,000 face amount and highlights issuer and guarantor credit risk, limited upside cap, possible loss of principal, tax uncertainty, and limited liquidity.

GS Finance Corp. offers structured, non‑interest notes linked to Toast, Inc. Class A common stock. The notes have an aggregate face amount of $4,175,000 on original issue, an initial index stock price $27.40, an upside participation rate 125%, a call observation date March 19, 2027 and a stated maturity date March 22, 2029. If the notes are automatically called on the call observation date, holders receive $1,381 per $1,000 face amount on the call payment date. If not called, the maturity payment depends on the index stock return to the determination date March 19, 2029, with a trigger buffer 60% of the initial price; losses occur if the final stock price is below that buffer. The estimated value at terms-setting was approximately $971 per $1,000 face amount.

GS Finance Corp. is offering autocallable, EURO STOXX 50® index-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry a 150% upside participation rate and include a 70% trigger buffer. If the closing level of the underlier on the call observation date is greater than or equal to the initial level, the notes will be automatically called and each $1,000 face amount will pay between $1,140.60 and $1,165 on the call payment date. If not called, maturity payouts depend on the final underlier level: upside participation when the underlier is above the initial level, principal return at certain buffer levels, or a loss equal to the underlier return times $1,000 if the final level is below the trigger buffer—investors may lose their entire investment. The calculation agent is Goldman Sachs & Co. LLC and the notes reference CUSIP 40058YPS5. Terms (including the initial underlier level and pricing) are set on the trade date and certain dates and levels are subject to adjustment as described in the supplements.

GS Finance Corp. offers structured notes linked to four large-cap stocks. The notes mature on March 22, 2029 and pay contingent quarterly coupons of $50 per $1,000 face amount if each index stock closes at or above 70% of its initial price on coupon observation dates. The notes include a 30% buffer (buffer rate ~142.86%) that limits losses at maturity based on the lesser performing index stock, are redeemable at issuer option from September 2026 through December 2028, and are unsecured obligations guaranteed by The Goldman Sachs Group, Inc. The original issue price is 100% of face amount; the estimated value on the trade date is approximately $978 per $1,000 face amount.

GS Finance Corp. offers $500,000 of autocallable, contingent-coupon index-linked notes due September 21, 2028. The notes pay quarterly coupons of $33.75 per $1,000 (3.375% quarterly) only if the Russell 2000®, S&P 500® and Nasdaq-100 each remain at or above 70% of their initial levels on every trading day in the related quarterly observation period. The notes will be automatically called on any observation end date (June 2026–June 2028) if each index closes at or above its initial level, with the issuer paying the face amount plus any coupon then due. At maturity, if not called, repayment is tied to the performance of the lesser performing index: full principal is returned if that index is ≥60% of its initial level; otherwise principal is reduced pro rata by the lesser performing index return. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer and guarantor credit risk. Original issue price is 100%, underwriting discount 0.7%, net proceeds 99.3%. The estimated model value at pricing was approximately $998 per $1,000 face amount.

GS Finance Corp. prices leveraged buffered basket-linked notes due March 24, 2028, guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $995,000 on the original issue date and an original issue price of 100% of face amount. For each $1,000 face amount, repayment at maturity depends on a weighted basket (EURO STOXX 50: 65%, TOPIX: 25%, S&P/ASX 200: 10%) measured from the trade date (March 19, 2026) to the determination date (March 21, 2028). Upside participation is 125% subject to a cap at $1,500 per $1,000 face amount; a buffer protects declines up to 10%. The estimated value on the trade date is approximately $969 per $1,000 face amount. Issue economics: underwriting discount 1.75%, net proceeds 98.25%. The notes do not bear interest; payments are subject to issuer and guarantor credit risk and to U.S. federal tax characterization as a prepaid derivative.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due April 2, 2029 with an interest rate of 4.50% per annum. The trade date is March 31, 2026 and the original issue date is April 2, 2026. Notes will be issued in denominations of $1,000 and integral multiples thereof and pay interest semiannually on April 2 and October 2, commencing October 2, 2026.

The notes will be issued in book-entry form under the Medium-Term Notes, Series N program, will not be listed on an exchange, and designate Goldman Sachs & Co. LLC as calculation agent. The pricing supplement states original issue price and underwriting discount will be set on the trade date and that certain fee-based advisory account purchases may pay prices between unspecified percentages and 100% of principal.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes are cash‑settled per $1,000 face amount and pay at maturity based on the S&P 500 Futures Excess Return Index performance measured from the trade date to the determination date. Key terms expected on the trade date: $1,000 face amount, 169% upside participation rate, a 30% buffer (buffer level = 70% of initial underlier level), buffer rate 100%, no periodic interest, trade date March 31, 2026, stated maturity April 3, 2031. Payments: if final level > initial level, payment = principal + 169% × return; if final level ≥ buffer level, payment = principal; if final level < buffer level, loss proportional to decline below buffer. Original issue price will exceed the notes’ model-derived estimated value; pricing terms and certain fees will be set on the trade date. The notes are exposed to issuer and guarantor credit risk, futures-specific risks (roll/contango/negative carry), market disruption rules, uncertain U.S. tax treatment, and limited liquidity.

GS Finance Corp. offers $5,178,000 in principal amount of medium-term structured notes linked to Meta Platforms, Inc. (META). The notes pay contingent quarterly coupons of up to $30 per $1,000 face amount when the underlier closes at or above 60% of the initial level on observation dates, are subject to an automatic call if Meta closes at or above the initial level on any call observation date, and mature on September 23, 2027 with cash settlement tied to the final underlier level.

Payments at maturity are either 100% of face (if final level ≥60% of initial) or reflect the underlier return (which could result in a total loss of principal); original issue price is 100% with a 1.5% underwriting discount and net proceeds of 98.5% of face amount. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market risks described herein.

GS Finance Corp. offers notes linked to an equally-weighted basket of six alternative-asset managers with a stated maturity of April 21, 2027. For each $1,000 face amount, holders receive $1,240.5 if the final basket level is at least 85% of the initial level; otherwise repayment is reduced pro rata below that threshold. The notes do not bear interest; the estimated value at issuance was approximately $952 per $1,000 face amount and the aggregate original face amount was $21,535,000. Payments depend solely on the basket closing on the determination date (April 19, 2027), are subject to anti-dilution and market-disruption provisions, and are credit-exposed to GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers a two-year, S&P 500®-linked principal-at-risk note with an aggregate face amount of $3,000,000. The notes pay no interest and mature on March 23, 2028 (determination date March 20, 2028), with payoff referenced to the S&P 500 closing levels from March 18, 2026 to the determination date.

If the final underlier level is greater than or equal to the buffer level (set at 90% of the initial level), each $1,000 face amount pays the capped $1,187.10. If the final level is below the buffer, the return is negative: investors lose approximately 1.1111% of face per 1% decline below the buffer and could lose their entire investment. The notes were issued at 100% of face with a 1.5% underwriting discount (net proceeds 98.5% of face).

GS Finance Corp. offers an aggregate face amount of $250,000 of medium-term structured notes fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices and do not bear interest.

The notes feature quarterly automatic call opportunities through December 19, 2028 with escalating call premiums (first call premium 14.3%, final listed call premium 39.325%). If not called, maturity cash is determined by the lesser performing underlier on the determination date with a buffer equal to 15% (buffer level = 85% of initial level) and a capped maturity premium of 42.90%. The notes may expose holders to substantial losses (example: a 21% final underlier level could produce a cash settlement equal to 36.0% of face amount).

GS Finance Corp. offers principal-protected-style notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6). The notes pay no interest, have an expected trade date of April 8, 2026, an expected original issue date of April 13, 2026, and an expected stated maturity date of April 15, 2031. The notes are subject to automatic full redemption beginning on call observation dates commencing in April 2027 if the underlier closing level is ≥ 85% of the initial underlier level; call payments use specified call premium amounts. If not called, maturity payoffs depend on the final underlier level: investors receive $2,000.02 per $1,000 face amount if the final level is ≥ 85% of initial, return of principal for declines up to 40%, and proportionate losses if the final level falls below a 60% trigger buffer, potentially losing the entire investment. The index applies up to 500% leverage, a daily 6.0% annual decrement, and caps daily leverage change at 100%. The estimated value at pricing is between $885 and $935 per $1,000 face amount, below the original issue price.

GS Finance Corp. issues structured, autocallable notes backed by Goldman Sachs guarantee. The offering registers $2,121,000 face amount of notes with no interest, a stated maturity of March 26, 2031 and an automatic call feature beginning March 19, 2027. Payments depend on the performance of three index stocks (Alphabet Class C, Meta Class A and NVIDIA) versus specified initial prices. If all three are >= 90% of their initial prices on a call observation date, the notes are called and pay face plus the applicable call premium; if not called, maturity payoff is based on the lesser performing index stock with a capped maximum settlement of $1,387.54 per $1,000 face amount. The estimated value at term-setting was approximately $961 per $1,000 face amount. The issue price equals 100% of face, underwriting discount is 4%, and net proceeds to issuer are 96%. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement states an aggregate face amount of $1,691,000 and an original issue price of $1,000 per note (100% of face amount). The notes reference the Nasdaq-100 Index (NDX) and the S&P 500 Index (SPX), carry no interest, and have an upside participation rate of 200%.

The notes feature an automatic call on the call observation date (March 19, 2027) if both underliers close at or above their initial levels; in that case each $1,000 face amount pays $1,120.50 on the call payment date. If not called, the cash settlement at stated maturity (March 22, 2030) depends on the lesser performing underlier, with a buffer level of 90% (buffer amount 10%) and a buffer rate of 100%. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may be illiquid, and purchasers may lose a substantial portion of their investment.

GS Finance Corp. offers S&P 500®-linked principal-at-risk notes with an aggregate face amount of $3,950,000. The notes reference the S&P 500® Index, provide an upside participation rate of 200% subject to a maximum settlement amount of $1,312 per $1,000 face, and include a buffer level of 80% (20% buffer) that limits losses up to that threshold. The notes do not bear interest and pay a cash settlement at maturity on March 22, 2029 (determination date March 19, 2029), with payment formulas tied to the initial underlier level of 6,606.49. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may lose principal if the final index level falls below the buffer level, and face a capped upside even if the index rises above the capped level.

GS Finance Corp. is offering autocallable, index-linked notes due April 5, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes link to the Goldman Sachs Momentum Builder Focus ER Index with a 100% upside participation rate and annual automatic call features starting on March 31, 2027.

The issuer estimates the notes' value on the trade date at $885 to $935 per $1,000 face amount. If not called, maturity pay depends on index performance; a zero or negative index return yields repayment of the face amount only. Key dates include trade date March 31, 2026 and original issue date April 6, 2026.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering cash-settled structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a $1,000 face amount per note, an expected trade date of April 8, 2026, an expected original issue date of April 13, 2026, and an expected stated maturity date of April 15, 2031. The notes do not bear interest and include an automatic call feature beginning with call observation dates in October 2026. If not called, the maximum cash payment at maturity is $2,700 per $1,000 face amount; if called, payment equals $1,000 plus the applicable call premium listed for each call payment date.

The underlier applies leverage (up to 500%), a cap on daily leverage change (100%), and a daily 6.0% per annum decrement that reduces index performance. The estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments depend on the underlier level on specified call observation dates or on the determination date; investors are exposed to issuer and guarantor credit risk and may lose their entire investment.

GS Finance Corp. is offering Autocallable Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the MSCI EAFE and EURO STOXX 50 indices and have an upside participation rate of 200%.

The notes pay no interest, may be automatically called on the call observation date of April 2, 2027 (call payment April 7, 2027) if each underlier is >= its initial level, in which case the cash payment would be $1,183.50 per $1,000 face amount. If not called, final payoff at maturity (determination date April 3, 2029, stated maturity April 6, 2029) depends solely on the lesser performing underlier: full principal if that underlier is >= 50% of its initial level, or a proportionate loss to the extent it falls below that 50% trigger buffer, potentially resulting in a complete loss of principal. Credit risk is borne by GS Finance Corp. and its guarantor.

GS Finance Corp. is offering principal-at-risk, S&P 500®-linked notes with a $1,500,000 aggregate face amount. The notes pay no interest and mature on October 13, 2033 (determination date October 11, 2033), with settlement per $1,000 face amount capped at a maximum settlement amount of $1,755. If the final S&P 500 level is below the trigger buffer level (90% of the initial level), the holder loses 1% of face for each 1% decline below the initial level and could lose the entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; initial issue price was 100% of face with a 3.75% underwriting discount.

GS Finance Corp. offers principal-at-risk notes linked to the Russell 2000®, the S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have a stated maturity of March 24, 2031 and may be automatically called on any observation date from September 2026 through February 2031.

Each $1,000 face amount pays a monthly coupon of $9.167 if, on a coupon observation date, the closing level of each underlier is ≥ 70% of its initial level. Initial levels are Russell 2000: 2,494.710, S&P 500: 6,606.49, XLP: $81.97. At maturity, if not called, the cash settlement depends on the lesser performing underlier with a 65% trigger buffer; losses occur if any underlier falls below 65% of its initial level. The aggregate original face amount shown is $2,000,000.

GS Finance Corp. offers principal-at-risk, non‑interest notes backed by a guarantee of The Goldman Sachs Group, Inc. The notes pay at maturity on March 22, 2029 based on the performance of the lesser performing of three stocks: NVIDIA, AMD and Qualcomm. For each $1,000 face amount, returns are linked to the lesser performing index stock return with an upside participation rate 353.75%, subject to a 25% trigger buffer (final price < 75% of initial price causes downside exposure). The prospectus discloses an estimated value of approximately $971 per $1,000 face amount at term pricing and an underwriting discount of 2.85%. The notes do not bear interest, are unsecured obligations, and are subject to issuer and guarantor credit risk and the calculation agent’s discretions.

GS Finance Corp. offers $2,475,000 aggregate face amount of market-linked notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes pay no interest and mature on September 23, 2027 (determination date September 20, 2027).

On maturity each $1,000 face amount pays either: (1) $1,000 plus 150% of the underlier return up to a maximum of $1,212.70; (2) $1,000 if the final level is ≥ 90% of the initial level; or (3) a reduced amount if the final level is below 90%, producing proportional losses beyond the 10% buffer. The notes are unsecured obligations, not bank deposits, and are subject to the issuer/guarantor credit risk, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering leveraged buffered EURO STOXX 50® index-linked notes due April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash settlement per $1,000 face amount depends on the underlier performance measured from the trade date (March 31, 2026) to the determination date (March 31, 2031). If the final underlier level is at or above the initial level, the payoff equals 163.5% times the underlier return. If the final level is below the initial level but at or above 80% of the initial level, the payoff equals the absolute value of the underlier return. If the final level is below the 80% buffer level, investors suffer a pro rata loss of principal tied to the decline beyond the buffer; the notes can lose a substantial portion of principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stocks of Apple, Meta and Microsoft with an aggregate face amount of $300,000. The notes pay a contingent quarterly coupon of $50 per $1,000 (a 5% quarterly coupon, up to 20% per annum) only if each underlier closes at or above 75% of its initial level on the related coupon observation date. Each underlier’s buffer level equals 75% of its initial level and the buffer amount is 25%; the cash settlement at maturity is based solely on the lesser performing underlier. The issuer may redeem the notes on coupon payment dates beginning September 2026. Stated maturity is March 22, 2029. The terms warn investors they could lose their entire investment and that the original issue price exceeds the estimated value determined by GS&Co.’s pricing models.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return on each $1,000 face amount depends on the S&P 500 Futures Excess Return Index performance from the March 31, 2026 trade date to the March 31, 2031 determination date. If the final underlier level is above the initial level, payment equals $1,000 plus the underlier return times an upside participation rate of 188.75%. If the final level is between the initial level and the buffer level of 80%, you receive the $1,000 face amount. If the final level is below the buffer, losses are linear below the buffer (buffer amount 20%, buffer rate 100%), and you could lose a substantial portion of principal. Trade date is March 31, 2026, original issue date April 3, 2026, and stated maturity date April 3, 2031.

GS Finance Corp. is offering leveraged, buffered notes linked to the EURO STOXX 50® Index with a trade date of March 31, 2026 and a stated maturity of April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount the cash payment at maturity depends on the index performance: if the final level > initial level you receive $1,000 plus 161.25% of the index return; if the final level is between 70% and 100% of the initial level you receive $1,000; if the final level is below 70% you lose 1% of face for each 1% the final level is below the 70% buffer (buffer amount = 30%, buffer rate = 100%). The notes pay no interest, are cash-settled, subject to issuer and guarantor credit risk, and may result in substantial principal loss if the index declines below the buffer level.

GS Finance Corp. is offering $3,450,000 aggregate face amount of leveraged, callable Russell 2000® index‑linked notes due March 24, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide an upside participation rate of 125% on any positive Russell 2000 return measured from the trade date March 19, 2026 to the determination date March 19, 2031. If the final index level is equal to or below the initial level (2,494.71), holders receive only the face amount per $1,000.

The issuer may redeem the notes in whole on specified quarterly call payment dates beginning March 24, 2027, with call premiums set by date (ranging from 10% to 47.5%). Original issue price is 100% of face; underwriting discount is 2.5% and net proceeds to the issuer are 97.5%. The pricing supplement states the estimated value on the trade date was approximately $962 per $1,000 face amount.

GS Finance Corp. is offering non‑interest, principal‑protected‑unless‑triggered notes linked to the Class A common stock of Toast, Inc. (initial index stock price $27.40) with an original aggregate face amount of $2,000,000. The notes trade on a trade date of March 19, 2026 and original issue date March 24, 2026. The notes are automatically called if the closing price on the call observation date (March 26, 2027) is ≥ $27.40, producing a fixed cash payment of $1,375 per $1,000 on the call payment date (March 31, 2027). If not called, maturity is the stated maturity date (March 22, 2029) and the cash settlement depends on the final index stock price on the determination date (March 19, 2029) with a 150% upside participation, a 60% trigger buffer (i.e., no loss if decline ≤ 40%), and full downside exposure if the final price falls below the trigger. The estimated value at pricing was approximately $968 per $1,000 face amount. These notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-at-risk, non‑interest bearing medium‑term notes, guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $664,000. The notes reference the Nasdaq‑100, Russell 2000 and S&P 500 indices and mature on March 22, 2029.

The notes carry a 100% upside participation rate but pay no interest. They are automatically called on March 19, 2027 if each underlier’s closing level is >= its initial level; an automatic call would pay $1,092.50 per $1,000. If not called, maturity payoff depends solely on the lesser performing underlier: up to principal plus upside participation when that underlier is positive, otherwise only the face amount is returned. The pricing supplement lists a comparable yield of 4.5367% and a projected payment of $1,146.03 used for tax accrual purposes.

GS Finance Corp. is offering structured, principal-at-risk notes backed by The Goldman Sachs Group, Inc., with an aggregate face amount of $2,000,000. The notes reference the S&P 500® Index with an initial underlier level of 6,624.70 (set on March 18, 2026), an 85% buffer level, and a capped maximum settlement amount of $1,086.40 per $1,000 face amount.

Payment at maturity depends on the final index level on the determination date. If the final level is at or above the buffer level, holders receive the capped amount; if below, losses occur at a rate of approximately 1.1765% of face for each 1% decline below the buffer, and investors could lose their entire investment. The notes pay no interest. Key dates include trade date March 19, 2026, original issue date March 24, 2026, determination date April 1, 2027 and stated maturity date April 6, 2027.