Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. offers principal-at-risk, autocallable notes linked to a 50/50 basket of S&P 500® Futures Excess Return Index and Nasdaq-100 Futures Excess Return™ Index. The offering’s original issue date is March 24, 2026 with an aggregate face amount of $788,000 on the original issue date and an original issue price of 100% of face amount.

Notes pay no interest, may be automatically called on the call observation date March 19, 2027 for $1,180 per $1,000 face amount if the basket closing level ≥ initial level (100). If not called, final payoff at the stated maturity date March 24, 2031 depends on the basket return with a 250% upside participation and a 70% trigger buffer; losses below the buffer scale linearly with the basket return.

GS Finance Corp. is offering medium-term, cash-settled notes linked to the common stock of ServiceNow, Inc. The issuance has an aggregate face amount of $1,001,000 and a face amount per note of $1,000. The notes pay no interest and mature on September 22, 2028 (determination date September 19, 2028), with the cash payment at maturity tied to the underlier return measured from March 18, 2026 to the determination date.

Key economic terms: an upside participation rate of 200%, a maximum settlement amount of $1,947 per $1,000 face amount, and a trigger buffer level equal to 60% of the initial underlier level. If the final underlier level is at or above the trigger buffer level but not higher than the initial level, holders receive principal. If it declines below the trigger buffer level, losses are pro rata by the underlier decline and investors could lose their entire investment.

GS Finance Corp. is offering non-interest-bearing, auto-callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference Robinhood Class A, AppLovin Class A and Oracle common stock with a stated maturity of March 26, 2029 and multiple call observation dates beginning March 19, 2027.

If the notes are not called, the cash payoff at maturity is based on the lesser performing index stock measured from specified initial prices set on March 19, 2026. A final index stock at or above 50% of its initial price yields $2,408.5 per $1,000 face amount; if below 50%, the payoff equals $1,000 plus the lesser performing index stock return times $1,000, which can result in losses up to the full investment. The estimated model value on the trade date was approximately $969 per $1,000 face amount and the original issue price is 100% of face.

GS Finance Corp. offers leveraged, buffered S&P 500® Futures Excess Return Index‑linked notes due April 3, 2031, guaranteed by The Goldman Sachs Group, Inc.

The notes (face amount per note $1,000) pay no interest and provide a structured payoff: an upside participation rate of 182% if the final underlier level is at or above the initial level; a positive payout equal to the absolute underlier return if the final level declines up to the buffer level of 80% (buffer amount 20%); and a loss that increases below the buffer level. The underlier is the S&P 500® Futures Excess Return Index, which tracks E‑mini S&P 500 futures rather than the cash index. Terms such as the initial underlier level, aggregate face amount and pricing will be set on the trade date and certain dates and levels are subject to adjustment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest-bearing notes linked to three underliers. The notes reference the S&P 500® Index, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF (XLK). The notes have an expected trade date of March 26, 2026, an original issue date of March 31, 2026 and an expected stated maturity date of April 2, 2031. They are subject to automatic redemption on scheduled call observation dates beginning March 29, 2027 if each underlier is at or above its initial level; call payments are capped by specified call premium amounts (first call premium 13%, increasing over time to 58.5%).

At maturity, if not called, payoff depends on the lesser performing underlier: a capped upside payment of $1,650 per $1,000 face amount when all underliers finish at or above initial levels; return of $1,000 if lesser performing underlier is between 70% and 100% of initial; otherwise a downside payoff equal to $1,000 plus the lesser performing underlier return times $1,000, potentially resulting in a total loss of principal. The pricing supplement states an estimated value on the trade date of $885–$925 per $1,000 face amount.

GS Finance Corp. is offering $1,000-face Autocallable Contingent Coupon Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Amazon.com, Inc. and will be issued at 100% of face amount with a 2% underwriting discount (net proceeds 98%).

Coupons are contingent quarterly payments of at least 2.625% per quarter (up to 10.5% per annum) if the underlier closes at or above 60% of the initial level on observation dates. The notes will be automatically called if the underlier closes at or above the initial level on any call observation date. At maturity, if not called, cash settlement equals principal if the final underlier level is greater than or equal to the 60% trigger buffer; if the final underlier level is below that buffer, the payment equals $1,000 plus $1,000 times the underlier return, and you could lose your entire investment. CUSIP: 40058YPA4.

GS Finance Corp. offers non-interest, callable medium-term notes linked to an equally weighted basket of six common stocks. The trade date is expected to be March 26, 2026 and the stated maturity is expected to be April 2, 2031, with automatic call observation dates beginning March 29, 2027. Payoff terms: if the final basket level is greater than or equal to the initial level (100), maturity payoff is capped at $1,650 per $1,000 face amount; if the final level is between 60% and 100% you receive $1,000; if below 60% you receive $1,000 plus $1,000 times the basket return (which can result in substantial loss). The basket stocks are Delta, Expedia, Old Dominion Freight Line, Royal Caribbean, Boeing and United Airlines. The estimated value on the trade date is between $885 and $925 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. is offering structured notes guaranteed by The Goldman Sachs Group, Inc. linked to the S&P 500® Index with an aggregate face amount of $2,305,000. The notes pay no interest and mature in March 2029.

For each $1,000 face amount, the cash settlement at maturity equals: (1) if the final index level > initial level, $1,000 + $1,000×the 300% upside participation rate×underlier return, capped at a $1,335.10 maximum; (2) if the final level is between 75% and 100% of the initial level, $1,000; or (3) if below 75%, a proportional loss of principal (you could lose your entire investment). The trade date is March 19, 2026, original issue date March 24, 2026, determination date March 19, 2029, and stated maturity March 22, 2029. The original issue price is 100% of face amount, underwriting discount 2%, net proceeds 98%, and Goldman Sachs & Co. LLC is calculation agent.

GS Finance Corp. offers autocallable contingent coupon index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly coupons of $32.25 per $1,000 (3.225% quarterly) only if each index stays at or above 70% of its initial level on every trading day during the quarterly observation period. The notes may be automatically called on specified observation end dates commencing in September 2026 if each index is at or above its initial level set on March 20, 2026. At maturity (expected March 23, 2029), if not called, the cash payment depends on the performance of the lesser performing index with a trigger buffer at 60% of initial levels (a -40% return). The estimated value at pricing is $925–$955 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering callable, 10-year, CMT rate‑linked range accrual notes due March 26, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay fixed interest at 6.55% per annum for the first six quarterly payments, then quarterly interest determined by the proportion of reference dates on which the 10‑year CMT rate is ≤ 4.50% (maximum factor 6.55%) or > 4.50% (minimum factor 1.00%). The issuer may redeem the notes at par on any quarterly interest payment date on or after September 26, 2027. Interest is paid quarterly (expected 26th of March, June, September, December), using 30/360 (ISDA). The estimated value at pricing is between $925 and $965 per $1,000 face amount.

GS Finance Corp. offers Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with an initial underlier level of 6,506.48 set on March 20, 2026 and a 10% buffer (buffer level = 90% of the initial level). On the stated maturity date of April 8, 2027, holders receive either the $1,105 maximum settlement amount if the final underlier level is at or above the buffer level, or a reduced cash payment that loses approximately 1.1111% of face amount for every 1% decline below the buffer level; investors could lose their entire investment.

The notes pay no interest, are issued at 100% of face amount with a 1% underwriting discount (net proceeds 99%), and are subject to issuer and guarantor credit risk, limited secondary-market liquidity, tax uncertainty and other structural risks described herein.

GS Finance Corp. is offering $1,729,000 in structured, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, the Russell 2000 and the S&P 500, pay no interest, and have an original issue price of 100% with a 3.975% underwriting discount.

They mature on March 26, 2031 (determination date March 19, 2031) unless automatically called on scheduled semi-annual observation dates. If called, investors receive principal plus a call premium (ranging from 11% to 49.5% depending on the call date). At maturity, if not called, payoff depends on the lesser performing underlier: full upside participation is 100%; a final level below the trigger buffer (70%) produces a principal loss equal to the lesser performing underlier return, potentially resulting in a total loss of invested principal.

GS Finance Corp. is offering buffered, VanEck Gold Miners ETF-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the VanEck Gold Miners ETF (initial level $80.12 set on March 20, 2026) and mature roughly 13 months after the trade date. If the final ETF level is ≥85% of the initial level, holders receive a capped maximum settlement amount of $1,217 per $1,000 face amount. If the final ETF level is below that 85% threshold, holders suffer losses at a rate of approximately 1.1765% of face amount for each 1% decline below the 85% threshold, and could lose their entire investment. The prospectus discloses an estimated value at pricing of $945–$975 per $1,000 face amount and emphasizes issuer and guarantor credit risk.

GS Finance Corp. offers non-interest notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER via a Goldman Sachs pricing supplement. The notes have an expected trade date of April 8, 2026, an original issue date of April 13, 2026, and a stated maturity date of April 15, 2031. They are automatically called beginning on call observation dates in January 2027 if the underlier is ≥ 90% of the initial level, producing a cash redemption equal to the $1,000 face amount plus a date-specific call premium. If not called, maturity payoffs depend on the final underlier level: a final level ≥ 90% yields the maximum settlement amount of $2,150.02 per $1,000 face amount; declines up to 40% from the initial level return principal; declines beyond 40% produce proportional losses, including potential total loss.

The underlier applies up to 500% leverage subject to a 100% cap on daily leverage changes and a daily per‑annum 6.0% decrement, which reduces index performance. Estimated value at pricing is between $885 and $935 per $1,000 face amount versus an original issue price at 100% of face. Payments are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk. Investors should review index methodology, the leverage and decrement mechanics, call schedule and credit risks before investing.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2027 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash amount at maturity tied to the arithmetic average of the S&P 500 on 10 averaging dates between April 6, 2027 and April 19, 2027.

Key terms include a $1,145 maximum settlement amount per $1,000 face amount, an upside participation rate of 150%, a buffer level at 90% of the initial underlier level ($6,506.48 set on March 20, 2026), and a buffer amount of 10%. If the final underlier level is below the buffer level, investors can lose a substantial portion of principal; if above, upside is capped by the maximum settlement amount.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100® and have an expected stated maturity of September 28, 2028. Coupons of $35 per $1,000 (a 3.5% quarterly, up to 14% annually) are payable only if each index stays at or above 70% of its initial level every trading day during a quarterly observation period. The notes are automatically called if, on any call observation date beginning in June 2026, each index closes at or above its initial level; an automatic call returns principal plus any coupon then due. At maturity (if not called), principal is protected only if each index is >= 60% of its initial level; otherwise the cash settlement equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial loss, including loss of principal. The pricing supplement states the estimated model value on the trade date is between $925 and $955 per $1,000, which is below the original issue price. Payments remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc. linked to the lesser performing of the S&P 500®, Russell 2000® and Nasdaq-100®. The trade date is April 2, 2026 with an original issue date of April 7, 2026 and a stated maturity of April 5, 2029.

The notes pay quarterly contingent coupons (set on the trade date) between $0.2625 and $0.2875 per $10 face amount if each index is at or above a coupon barrier on observation dates. Coupon barriers and downside thresholds equal 70.00% of each index’s initial level. Beginning July 2, 2026, the notes will be automatically called if each index closes at or above its initial level on any call observation date; an auto-call returns the face amount plus the contingent coupon then due. If not called, final principal repayment is contingent: if any index is below its downside threshold at maturity, repayment is reduced pro rata to the lesser performing index return and you could lose up to your entire investment. The pricing supplement states an estimated value of between $9.55 and $9.85 per $10 face amount at pricing. Original issue price is 100.00% with an underwriting discount of 2.00%.

GS Finance Corp. offers $1,000 face amount Autocallable Notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay $1,240 per $1,000 if the index on the March 30, 2027 call observation date is greater than or equal to the initial index level; otherwise maturity payoff depends on index performance on the March 25, 2033 determination date with an upside participation rate of 300%.

The index is a daily‑rebalanced, momentum‑driven composite that can allocate substantially to hypothetical cash positions and charges a 0.65% per annum deduction; estimated trade‑date value is $850 to $880 per $1,000 face amount. The notes are senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and bear no periodic interest.

GS Finance Corp. is offering leveraged, cash‑settled notes due March 27, 2031 that are fully guaranteed by The Goldman Sachs Group, Inc.. Each note has a face amount of $1,000 and pays no interest; the maturity payment is tied to the S&P 500® Futures Excess Return Index.

The notes provide an upside participation rate of 185% if the final index level exceeds the initial level. If the final level is between the initial level and 50% of the initial level (the trigger buffer), investors receive the face amount. If the final level is below 50% of the initial level, investors suffer a pro rata loss and could lose their entire investment.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 29, 2030 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The notes link to the Nasdaq-100, Russell 2000 and EURO STOXX 50 and pay a contingent monthly coupon when each underlier meets a 70% trigger.

Each $1,000 face amount will pay a contingent coupon of $11.792 monthly (up to approximately 14.15% per annum) when coupon triggers are met and will be automatically called early if, on a call observation date, each underlier is at or above its initial level. If not called, maturity payment is based on the lesser performing underlier and could result in a total loss of principal.

GS Finance Corp. offers Digital S&P 500® Index-Linked Notes due, guaranteed by The Goldman Sachs Group, Inc. The notes are expected to mature roughly 90–93 months after the trade date and pay no interest. If the final S&P 500 level is ≥ the trigger buffer (85% of the initial level), holders receive a capped maximum settlement expected between $1,666.70 and $1,782.20 per $1,000 face amount. If the final level is below the 85% trigger buffer, the cash payout equals $1,000 plus $1,000 times the underlier return, exposing holders to up to 100% principal loss. Terms (trade date, initial level, final determination date, and exact pricing) will be set on the trade date and are subject to adjustment as described in the general terms supplement.

GS Finance Corp. is offering $Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 note pays no interest and provides either the maximum settlement amount of $1,087.50 if the final underlier level is ≥ the buffer level (85% of the initial level), or a downside exposure equal to approximately 1.1765% of face per 1% decline below the buffer. The initial underlier level is 6,606.49 (set March 19, 2026); trade date is March 20, 2026, original issue date March 25, 2026, determination date April 2, 2027, and stated maturity date April 7, 2027 (subject to adjustment).

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes due 2031 linked to the lesser performing of the Russell 2000® and EURO STOXX 50® indices. The aggregate face amount on the original issue date is $12,333,950. Quarterly contingent coupons of $0.2325 per $10 face amount (up to 9.30% per annum) are payable only if both indices meet coupon barriers on observation dates. Notes can be automatically called beginning September 2026 if both indices close at or above their initial levels, in which case holders receive principal plus the contingent coupon then due. At maturity, principal repayment is contingent: if the final level of either index is below its downside threshold (60% of initial), holders suffer a loss proportional to the lesser performing index return. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering leveraged S&P MidCap 400® index-linked notes due March 31, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P MidCap 400 performance.

For each $1,000 face amount, if the final underlier level exceeds the initial level the payout equals $1,000 + ($1,000 × 129% × underlier return). If the final level is between 80% and 100% of the initial level the investor receives $1,000. If the final level is below 80%, investors lose 1% of face amount for every 1% decline; loss of principal is possible. Trade date: March 31, 2026; original issue date: April 6, 2026; determination date: March 26, 2031.

The pricing supplement describes Contingent Income Buffered Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to Freeport-McMoRan Inc. (initial share price $53.62). The notes pay a contingent monthly coupon if the underlying closes at or above a buffer price (70% of the initial share price) on observation dates, are automatically called if the underlying closes at or above the initial share price on any call observation date, and at maturity expose investors to downside beyond the buffer with a downside factor of approximately 1.4286.

GS Finance Corp. offers $ Buffered S&P 500® Index-Linked Notes due March 29, 2028. For each $1,000 face amount, payment at maturity depends on the S&P 500 performance from the trade date to the determination date. The notes: have a 15% buffer (buffer level = 85% of initial level), pay the absolute underlier return if the final level declines up to the buffer, and suffer losses (approximately 1.1765% per 1% decline past the buffer) if the final level is below the buffer. The notes have a capped upside (maximum settlement $1,267.50 per $1,000 face), do not bear interest, and are fully guaranteed by The Goldman Sachs Group, Inc. Trade date is March 24, 2026, original issue date is March 27, 2026, and determination date is March 24, 2028. Original issue price is 100% of face amount; underwriting discount 1.5%, net proceeds 98.5%. Payment terms and dates are subject to adjustment as described in the general terms supplement.

GS Finance Corp. offers Market Linked Securities that are auto-callable and linked to the lowest performing of NVIDIA, AMD and Tesla. Each security has a $1,000 face amount and original offering price of $1,000. The pricing date was March 18, 2026, the call date is March 23, 2027 and the stated maturity date is March 22, 2029. The securities have no periodic interest, are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and have an estimated value at pricing of approximately $964 per $1,000 face amount. If automatically called, holders receive the face amount plus a 50.00% call premium ($500). If not called, maturity payoffs depend solely on the performance of the lowest performing underlying stock: upside participation is 438.00%, a buffer against losses exists up to a 40% decline, and losses may be up to 100% of face amount.

GS Finance Corp. prices equity-linked, auto-callable medium-term notes linked to Blackstone Inc. The securities have a $1,000 face amount and original offering price of $1,000 per security; the estimated model value at pricing is between $885 and $915 per $1,000 face amount. The notes pay no interest, may be automatically called on scheduled call dates if the underlying stock closes at or above a call threshold (90.00% of the starting price for the first 24 call dates; 60.00% for the final call date), and, if not called, provide 1-to-1 downside exposure with a downside threshold of 60.00% of the starting price. Investors may lose up to 100.00% of principal. Underwriting discounts are up to $2.00 per $1,000 and proceeds to issuer are approximately $998.00 per security. All payments are subject to issuer and guarantor credit risk; terms and call premiums are subject to determination on the pricing date and postponement for market disruption.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due March 28, 2028, fully guaranteed by The Goldman Sachs Group, Inc.. The notes reference the common stock of NVIDIA Corporation (ticker: NVDA) and pay a contingent monthly coupon of 0.9667% when the underlier is at or above a 50% coupon trigger on each observation date.

The notes include an automatic call if the underlier is at or above the initial level on any call observation date; in that event holders receive principal plus any coupon then due. If not called, maturity payoff is cash based on final underlier performance with a trigger buffer at 50% of the initial level. If the final underlier level is below that buffer, investors may lose up to their entire investment. Trade date is March 23, 2026 and original issue date is March 26, 2026.

GS Finance Corp. offers S&P 500®-linked medium-term notes, fully guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $750,000) pay no interest and pay at maturity either the face amount or a capped upside tied to the S&P 500® Index.

For each $1,000 face amount, the cash settlement at the stated maturity (March 23, 2028) will equal $1,000 plus the underlier return if the final underlier level exceeds the initial level, subject to a $1,135 maximum settlement amount. If the final underlier level is equal to or below the initial level (initial level 6,624.70), you will receive the face amount. The notes were priced on March 18, 2026 with an original issue price of 100% and an underwriting discount of 0.8%. The issuer has determined a comparable yield of 4.425% and a projected payment at maturity of $1,092.93 for tax accrual purposes.

Key risks: upside is capped at the maximum settlement amount; investors bear issuer/guarantor credit risk; the notes may have limited liquidity and no periodic interest payments. Tax rules treat the notes as contingent payment debt instruments; accruals and withholding rules apply.