Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. is offering Index-Linked Notes due March 25, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes link payout to the lesser performing of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Futures Excess Return™ Index measured from the trade date March 20, 2026 to the determination date March 20, 2031. Key economics: aggregate face amount $375,000, issue price 100%, underwriting discount 1.25%, net proceeds 98.75%, upside participation rate 242%, trigger buffer 70% of initial underlier levels (initials: S&P futures 526.41; Nasdaq futures 635.8176). Estimated value at pricing was approximately $925 per $1,000 face amount. The notes pay no interest and principal repayment at maturity can be zero if the lesser performing underlier declines below its trigger buffer; payments are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $2,000,000. The notes bear interest at 4.625% per annum from the original issue date March 24, 2026 and mature on March 24, 2033.

They will be issued at 100% of principal (original issue price) with an underwriting discount of 0.9% and net proceeds to the issuer of 99.1%. Interest is payable semiannually on March 24 and September 24 beginning September 24, 2026. The notes will not be listed on any exchange and will be issued in book-entry form through DTC.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 performance from March 27, 2026 (trade date) to April 9, 2027 (determination date).

If the final underlier level is ≥ the buffer level (90%), the holder receives a capped maximum settlement amount of at least $1,104.50 per $1,000 face amount. If the final level is below 90%, losses apply: holders lose approximately 1.1111% of face amount for each 1% decline below the buffer, and could lose the entire investment. The notes are issued at 100% of face amount with a 1% underwriting discount and are subject to issuer and guarantor credit risk, limited liquidity, tax uncertainty, and other structural risks described in the supplement.

GS Finance Corp. is offering $1,000 face-amount autocallable, index-linked notes due April 1, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return depends on the Goldman Sachs Momentum Builder Focus ER Index (Bloomberg: GSMBFC5 Index). The notes have a 100% upside participation rate and a multi-year automatic call feature with staged call levels and call premiums that rise by year. If not called, maturity payment equals principal plus participation in positive index returns; if the final index level is equal to or below the initial level, you would receive the face amount only. The index is subject to a 0.65% per annum deduction, daily accruals, and may allocate heavily to hypothetical cash positions. GS&Co. estimated the notes' value on the trade date at $885 to $925 per $1,000 face amount. Trade date is March 27, 2026 and original issue date is April 1, 2026. These notes expose holders to issuer and guarantor credit risk, potential limited secondary market liquidity, and tax rules treating the notes as contingent payment debt instruments.

GS Finance Corp. launches a structured note linked to an equally weighted basket of BAC, COF, MS and WFC with expected trade date March 27, 2026. The notes mature on the stated maturity date (expected March 30, 2028) unless automatically called (call observation date expected April 9, 2027).

Key economic terms set on the trade date include an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 15% (buffer level = 85%), a buffer rate of approximately 117.65%, an automatic call cash payment of at least $1,191 per $1,000 if the basket closing level on the call observation date is >= initial level, and an estimated value on the trade date of $900 to $930 per $1,000 face amount. Payments at maturity depend solely on the final basket level on the determination date and may result in loss of principal below the buffer level.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due April 14, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes mature on April 14, 2027 with a determination date of April 9, 2027 and an original issue date of April 1, 2026.

The notes pay no interest and return at maturity is linked to the S&P 500® Index. They provide a 15% buffer (buffer level = 85% of the initial level) and a buffer rate of approximately 117.65%. If the final underlier level is greater than or equal to the buffer level, holders receive a capped maximum settlement amount of at least $1,087.50 per $1,000 face amount. If the final underlier level is below the buffer level, losses accrue at approximately 1.1765% of face amount for each 1% decline below the buffer and investors could lose their entire investment. The original issue price is 100% of face amount with a 1% underwriting discount (net proceeds 99%).

GS Finance Corp. is offering conditioned, non‑interest bearing structured notes linked to the common stock of NVIDIA Corporation. The notes have an expected stated maturity date of March 30, 2028 and an expected call observation date of April 9, 2027. If the closing price of the index stock on the call observation date is greater than or equal to the initial index stock price, the notes will be automatically redeemed for at least $1,243 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the index stock return to the determination date, with a threshold settlement amount of $1,486, a buffer level of 80% and a buffer rate of 125%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk. The estimated value at pricing is expected to be between $900 and $930 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $3,000,000. The notes carry an interest rate of 4.40% per annum, accrue from the original issue date of March 24, 2026, and mature on March 24, 2031.

Interest will be paid semiannually on March 24 and September 24, beginning September 24, 2026. The original issue price is 100% with an underwriting discount of 1.12%, producing net proceeds to the issuer of 98.88% of principal.

GS Finance Corp. offers autocallable buffered S&P 500® Index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes: have a face amount per note of $1,000, an upside participation rate of 150%, a threshold settlement amount of $1,208, and a buffer level equal to 85% of the initial index level.

If the notes are automatically called on the call observation date, holders will receive at least $1,104 per $1,000 face amount; if not called, payoff at maturity depends on the index return with a buffer that limits losses up to a decline of 15%, and a buffer rate of approximately 117.65% applies beyond that. The estimated value at pricing is expected to be between $900 and $930 per $1,000 face amount. The notes do not bear interest and are unsecured obligations subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call payment date if the underlier is at or above its initial level, in which case holders receive $1,100 per $1,000 face amount on the call payment date.

If not called, maturity payoff depends on the S&P 500 final level: upside participation is 125% for gains, principal is preserved if the final level is at or above 65% of the initial level, and investors may lose a substantial portion or all of the investment if the final level is below that trigger. Key dates: trade date April 1, 2026, original issue date April 6, 2026, call observation date April 1, 2027, determination date April 2, 2029, and stated maturity date April 5, 2029. CUSIP 40058YPY2.

The Goldman Sachs Group, Inc. is offering $15,055,000 of callable fixed rate notes due March 7, 2046. The notes pay interest at 5.70% per annum from the original issue date March 24, 2026, with annual interest payments on March 24 and at maturity.

The issuer may redeem the notes in whole (not in part) on each redemption date beginning March 24, 2029, with at least five business days’ notice, at par plus accrued interest. The offering will settle on March 24, 2026, with underwriting discount of 2.759%; underwriters include Goldman Sachs & Co. LLC and InspereX LLC. The notes will be issued in book-entry form through DTC and are subject to U.S. federal tax rules including FATCA withholding.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due April 6, 2032, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and links cash payment at maturity to the performance of the S&P 500® Futures Excess Return Index from the April 1, 2026 trade date to the April 1, 2032 determination date. The notes pay no interest. If the final underlier level exceeds the initial level, holders receive the face amount plus the underlier return multiplied by an 213.5% upside participation rate. If the final level is between 70% and 100% of the initial level, holders receive the face amount. If the final level is below 70%, holders suffer a proportional loss of principal; a final level of 0% would result in a zero cash settlement.

GS Finance Corp. is offering Autocallable S&P 500® Index‑Linked Notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, provide a 200% upside participation rate and include a 10% buffer (buffer level = 90% of the initial underlier level). If the closing level of the S&P 500 (SPX Index) on the call observation date ( April 9, 2027) is greater than or equal to the initial level, the notes will be automatically called and pay at least $1,113.50 per $1,000 face amount on the call payment date (April 14, 2027). If not called, final payment at stated maturity (March 30, 2028) depends on the final underlier level on the determination date (March 27, 2028) and may result in a substantial loss, including loss of your entire investment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced contingent income callable securities due March 30, 2028. The securities pay a contingent quarterly coupon (set on the pricing date) of at least $33.00 per $1,000 if each underlying index remains at or above a 70.00% downside threshold during the applicable quarterly observation period. The securities reference the S&P 500®, Russell 2000® and EURO STOXX 50® and expose investors to the worst-performing index on the valuation date; if the worst-performing index is below its downside threshold at maturity, the maturity payment equals $1,000 multiplied by the worst performing index performance factor and may be less than $700 or could be zero. The issuer may redeem the securities at our discretion on coupon payment dates beginning July 2, 2026 through December 30, 2027 at 100% of principal plus any coupon then due. The cover shows an estimated value range of $925 to $985 per security and an underwriting discount of 2.00%.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing structured notes linked to an equally weighted basket of four stocks: CrowdStrike (CRWD), Microsoft (MSFT), Palo Alto Networks (PANW) and Snowflake (SNOW). The notes have an initial basket level of 100, an upside participation rate of 125, a buffer amount of 15 (buffer level = 85 of initial), and a buffer rate of approximately 117.65. They are expected to be callable if the basket closing level on the call observation date is ≥ the initial level, producing a minimum call payment of $1,218 per $1,000 face amount. If not called, maturity payoff on the determination date depends on the basket return: positive returns participate at 125, returns between 0% and -15% return principal, and declines below -15% produce a loss reduced by the buffer rate. Expected trade date is March 27, 2026, original issue date April 1, 2026, and stated maturity expected March 30, 2028. The estimated value at pricing is stated to be between $900 and $930 per $1,000 face amount.

GS Finance Corp. offers basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of the Russell 2000® Index and the S&P 500® Equal Weight Index, with an expected trade date of March 24, 2026 and an expected stated maturity of September 28, 2028. At maturity each $1,000 face amount pays $1,000 if the basket return is zero or negative; if positive, holders receive $1,000 plus the basket return up to a cap that limits the maximum cash settlement to $1,180 per $1,000. The initial basket level will be 100; the cap level is 118% of that level. The pricing supplement shows an estimated value on the trade date of $925–$955 per $1,000 and an underwriting discount of 1.85%.

GS Finance Corp. proposes to issue non‑interest bearing, equity‑linked medium‑term notes whose payoff is tied to the common stock of Broadcom Inc. (index stock). The notes feature an automatic call on the call observation date and a stated maturity on the determination date if not called.

The notes pay at least $1,261 per $1,000 face amount if automatically called (call payment date). If not called, maturity payoffs depend on the initial and final index stock prices, a 25% downside buffer, a 133.33% buffer rate and a threshold settlement amount of $1,522 per $1,000. The estimated value at pricing is stated between $900 and $930 per $1,000 face amount.

GS Finance Corp. offers autocallable contingent coupon equity-linked notes due April 15, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of CrowdStrike Holdings, Inc. (ticker: CRWD). The notes pay a contingent quarterly coupon when the underlier closes at or above 75% of the initial level and will be automatically called if the underlier closes at or above the initial level on any call observation date. Each $1,000 face amount returns $1,000 at maturity if the final underlier level is at or above the buffer level (75% of initial); otherwise the cash settlement is reduced by a formula using a 25% buffer and a buffer rate (~133.33%).

Key mechanics and economics: trade date March 27, 2026, original issue date April 1, 2026, determination date April 12, 2027, stated maturity April 15, 2027. Original issue price is 100% of face, underwriting discount 1%, net proceeds 99%. The notes expose investors to issuer/guarantor credit risk, limited upside (caps at 100% of face if underlier appreciates), potential total loss if the underlier falls sufficiently, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers autocallable buffered EURO STOXX 50® index-linked notes due March 30, 2028 (expected) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on April 9, 2027 if the index is at-or-above the initial level, and otherwise pay at maturity based on index performance with a 15% buffer and a 150% upside participation (threshold settlement amount $1,268 per $1,000 face amount).

The notes carry issuer and guarantor credit risk, an estimated model value between $900 and $930 per $1,000 face amount at pricing (below issue price), and may result in substantial principal loss if the final index level falls below the buffer.

GS Finance Corp. is offering leveraged EURO STOXX 50® Index-linked notes due April 6, 2032, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash. If the final index level exceeds the initial level, holders receive the face amount plus the 179% upside participation times the index return. If the final level is between 70% and 100% of the initial level, holders receive the face amount. If the final level is below 70%, holders lose an amount equal to the index decline and could lose their entire investment. Trade date is April 1, 2026 and determination date is April 1, 2032. Investors bear credit risk of the issuer and guarantor, secondary‑market liquidity risk, and tax uncertainty.

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).