Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. is offering $6,014,000 of Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.2065 per $10 (up to 8.26% pa) only if both the Russell 2000 and S&P 500 close at or above their coupon barriers on each observation date. The notes are linked to the least performing index; coupon barrier = 70% of initial index levels and downside threshold = 60%. Commencing September 2026, the notes will be automatically called if both indices close at or above their initial levels on any quarterly call observation date; on call payment you would receive face amount plus the contingent coupon then due. If not called, repayment at maturity depends on the lesser performing index return and could result in loss of principal. Estimated value at pricing was approximately $9.77 per $10; original issue price = 100% of face (underwriting discount 2.25%, net proceeds 97.75%). All payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured notes linked to the abrdn Platinum ETF Trust (PPLT) with quarterly conditional coupons and a stated maturity of March 15, 2028. Coupons (based on an initial ETF level of $197.62) pay up to $25 per $1,000 per quarter pro rata for scheduled trading days when the ETF closes within 80%–120% of the initial level. The final cash settlement depends on the ETF return from March 11, 2026 to March 10, 2028: if the final level exceeds 120% the investor receives participation at 110% of (ETF return minus 20%) capped at $1,880 per $1,000; if between 80% and 120% you receive principal; if below 80% you lose 1.25% of principal for each 1% decline below the buffer. The pricing supplement states an estimated value of approximately $906 per $1,000 on the trade date; the original issue price is 100%. Read the risk disclosures (credit risk of GS entities, market and tax uncertainties) before investing.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Micron Technology, Inc. The trade date is March 26, 2026, original issue date March 31, 2026, and stated maturity date March 29, 2029.

The notes pay a contingent quarterly coupon only if the underlier's closing level on each coupon observation date is at least 60% of the initial underlier level; the coupon accrues in $62.50 increments per observation (cumulative as described). The notes are automatically called on a call payment date if the underlier is at or above the initial underlier level on the related call observation date, in which case holders receive $1,000 per $1,000 face amount plus any coupon then due.

If not called, settlement at maturity is cash-settled: if the final underlier level is at or above the trigger buffer level (60%), holders receive $1,000 per $1,000 face amount; if below, holders receive $1,000 + ($1,000 × underlier return), which can result in a loss of up to the full principal. These notes expose investors to underlier performance risk, market liquidity risk, model/valuation and dealer pricing spreads, and the credit risk of the issuer and guarantor.

GS Finance Corp. offers $18,026,000 in aggregate face amount of autocallable buffered notes linked to the Vanguard FTSE All-World ex-US ETF (VEU), due March 21, 2030. If the ETF closing level on the call observation date (March 19, 2027) is ≥ the initial level of $75.36, the notes will be automatically called and pay $1,135 per $1,000 face amount on the call payment date. If not called, maturity payoffs depend on the ETF return from the trade date (March 18, 2026) to the determination date (March 18, 2030): a positive ETF return yields 120% upside participation; declines up to 20% return principal; declines beyond 20% expose investors to amplified losses at a buffer rate of 125%. The estimated value at pricing was approximately $958 per $1,000 face amount.

GS Finance Corp. is offering principal‑protected‑style notes linked to the S&P 500® Index with cash settlement at maturity on March 23, 2028. Each $1,000 face‑amount note pays no interest and delivers a maturity cash amount that depends on the underlier return and a 15% buffer.

If the final underlier level is at or above the initial level, holders receive the underlier return up to a $1,210.30 maximum payoff per $1,000. If the final level is down but no more than 15%, holders receive the absolute value of the underlier loss as a positive return. If the final level declines by more than the 15% buffer, losses multiply by a buffer rate of approximately 117.65% and investors may lose their entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc. Aggregate face amount is $4,073,000, original issue price 100%, underwriting discount 1.5%.

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 reference the S&P 500 Index with an initial underlier level of 6,606.49 set on March 19, 2026. On the stated maturity date, holders receive for each $1,000 face amount either the maximum settlement amount of $1,106.50 if the final underlier level is greater than or equal to the buffer level (90% of the initial level), or a reduced cash payment calculated using a buffer amount of 10% and a buffer rate of approximately 111.11%. If the final underlier level is below the buffer level, investors lose approximately 1.1111% of principal for each 1% the underlier declines below the buffer and could lose their entire investment. Trade date and original issue date are set in March 2026, with the determination date on April 2, 2027 and stated maturity on April 7, 2027. The notes are capped; upside beyond the buffer threshold is limited to the stated maximum settlement amount.

The issuer, GS Finance Corp., is offering indexed notes due March 21, 2031 whose cash payment at maturity is tied to an unequally weighted basket (65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets) measured from the trade date to the determination date.

For each $1,000 face amount, if the final basket level is above the initial level (100) you receive the face amount plus $1,000 × 187% × basket return; if the final basket level is ≥ 80% and ≤ initial you receive the face amount; if below 80% you incur the full negative basket return and may lose up to your entire investment. The notes do not pay interest and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering market-linked, auto-callable notes linked to an ADS of Alibaba Group Holding Limited due March 29, 2029. The securities pay a quarterly contingent coupon of at least $28.50 per $1,000 face amount (equivalent to 11.40% per annum) if the ADS closing price on a calculation day is at or above a coupon threshold equal to 60% of the starting price.

The notes are callable if the ADS closing price on any quarterly call date from June 2026 through December 2028 is greater than or equal to the starting price, in which case investors receive the face amount plus a final contingent coupon and any unpaid contingent coupons. If not called, principal at maturity depends on the ending price relative to a downside threshold equal to 60% of the starting price; if the ending price is below that threshold, investors may lose more than 40%, up to the entire principal. The original offering price is $1,000 with an estimated value at pricing between $925 and $955 per $1,000 face amount. Credit risk of the issuer and guarantor applies; these securities are unsecured and designed to be held to maturity.

GS Finance Corp. offers structured notes linked to NVIDIA, Apple and Tesla common stock under a preliminary prospectus supplement. The notes have an expected trade date of March 26, 2026, an expected original issue date of March 31, 2026 and an expected stated maturity date of March 29, 2029.

The notes pay monthly coupons of up to $12.50 per $1,000 face amount on coupon payment dates if each index stock meets a 60% coupon trigger; they are subject to an automatic-call feature commencing April 2027 if each index stock’s closing price is at or above its initial price. At maturity, if a trigger event (all final prices below initial prices) occurs, payment depends on the lesser performing stock and may result in substantial loss of principal.

GS Finance Corp. is offering Digital Equity-Linked Notes due September 30, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Meta Platforms, Inc. (META) and pay no interest. For each $1,000 face amount, holders receive $1,220 if the final underlier level is greater than or equal to the trigger buffer level (70% of the initial level). If the final underlier level is below the trigger buffer, investors lose 1% of principal for each 1% decline below the initial level, potentially losing their entire investment. Key dates: trade date March 26, 2026, original issue date March 31, 2026, determination date September 27, 2027, stated maturity date September 30, 2027.

GS Finance Corp. is offering medium-term notes (aggregate face amount $19,658,000) with payments tied to the performance of the S&P 500® Index, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes have an automatic call feature (call observation date March 19, 2027; call payment date March 24, 2027) that pays $1,128.20 per $1,000 if the underlier closes at or above the initial level. If not called, final cash at maturity (stated maturity date March 21, 2030) depends on underlier performance: an upside participation rate of 120%, a buffer level of 80%, and a buffer rate equal to 125%. The notes pay no interest and investors could lose their entire investment if the final underlier level is below the buffer level.

GS Finance Corp. offers Dow Jones Industrial Average Futures Excess Return Index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on March 23, 2029 (expected), reference E‑mini Dow ($5) futures performance from the trade date (expected March 20, 2026) to the determination date (expected March 20, 2029), and pay at maturity either the $1,000 face amount or $1,000 plus 95.1% of the positive underlier return per $1,000 face amount.

The pricing supplement discloses an estimated value range of $925 to $955 per $1,000 face amount on the trade date and warns that the original issue price exceeds that estimated value. The notes bear no interest, are unsecured obligations subject to issuer and guarantor credit risk, and may be affected by futures-specific risks such as negative roll yields and market disruption provisions.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, principal-at-risk notes linked to the common stock of NVIDIA, Marvell and Micron. The notes pay a fixed monthly coupon of $14.584 per $1,000 face amount (1.4584% monthly, ~17.5% per annum) and mature on March 23, 2028, subject to automatic monthly calls if each index stock closes at or above its initial price on a call observation date.

If not called, the maturity payout depends on a trigger: if all three stocks close below their initial prices on the March 16, 2028 determination date, the cash settlement follows the performance of the lesser performing stock and can be significantly less than principal (potentially a total loss). The initial issue price is 100% of face; underwriting discount is 3.25%, net proceeds 96.75% of face; estimated model value at pricing was ~$957 per $1,000 face amount.

GS Finance Corp. is offering S&P 500®-linked principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $2,001,000 and pay no interest. For each $1,000 face amount, investors receive at maturity either a capped upside (125% participation, maximum $1,365), full principal if the final index level is within a 10% buffer (>=90% of initial level), or a proportional loss if the final level is more than 10% below the initial level. The initial index level is 6,716.09 (set March 17, 2026); the stated maturity date is September 21, 2028. Investors bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., receive cash settlement only, and may lose a substantial portion of principal.

GS Finance Corp. is offering structured notes, guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $1,304,000. The notes pay no interest and the cash settlement at maturity is linked to the lesser performing underlier of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF.

Key economic terms include an upside participation rate of 150%, a buffer level of 80%, a maximum settlement amount of $1,210 per $1,000 face amount, trade date March 18, 2026, and stated maturity September 23, 2027. If the lesser performing underlier finishes below its buffer, principal is lost pro rata; if it finishes between the buffer and initial level, investors receive principal; above initial levels investors participate up to the cap.

GS Finance Corp. is offering $5,100,000 aggregate face amount of Medium-Term Notes, Series F linked to the Nasdaq-100 Index® (auto-callable). The notes pay no interest, may be automatically called on March 23, 2027 for a 12.00% call premium, and mature on March 22, 2029.

If not called, the maturity payment equals the face amount plus 150% of any percentage increase in the underlier; if the ending level falls more than the 25% threshold you bear 1-to-1 downside risk and may lose up to 100% of the face amount. The estimated value at pricing was approximately $964 per $1,000 face amount.

GS Finance Corp. offers $500,000 aggregate face amount of autocallable contingent coupon index-linked notes due March 26, 2029, guaranteed by The Goldman Sachs Group, Inc.

The notes pay a monthly coupon of $7.209 per $1,000 face amount (0.7209% monthly, ~8.65% annualized) only if the S&P 500®, Russell 2000® and Nasdaq-100® closing levels on a coupon observation date are each at least 70% of their initial levels. The notes are automatically called on an observation date commencing in March 2027 if each index is at or above its initial level; called holders receive principal plus the coupon on the next payment date.

At maturity (if not called) the cash settlement depends on the lesser performing index versus its initial level, with a buffer at 80% of initial (a 20% buffer amount). The estimated value on the trade date is approximately $984 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.8% (net proceeds 99.2%).

GS Finance Corp. is offering Autocallable Equity‑Linked Notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Advanced Micro Devices, Inc. and include an automatic call feature: if the underlier's closing level on the March 23, 2027 call observation date is greater than or equal to the initial underlier level, each $1,000 face amount will be called for $1,298.

If not called, the cash settlement at maturity on March 30, 2028 depends on the final underlier level: a 100% upside participation applies when the final level exceeds the initial level; a downside buffer is set at 80% of the initial level with a 100% buffer rate and 20% buffer amount. The notes do not bear interest and expose investors to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; holders have no shareholder rights in the underlier.

GS Finance Corp. offers $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a capped positive payoff of $1,087.70 per $1,000 face amount if the final S&P 500 level is at or above the buffer level (85% of the initial level). If the final level is below the buffer level, the notes decline at a rate of approximately 1.1765% of face amount for each 1% the index falls below the buffer, potentially resulting in a total loss of principal. Trade date is March 23, 2026, original issue date March 26, 2026, determination date April 5, 2027, and stated maturity date April 8, 2027.

GS Finance Corp. files a pricing supplement for a primary offering of Market Linked Securities due March 22, 2029. Each $1,000 face amount security pays no interest and is auto-callable on specified call dates for a fixed call premium if the lowest performing underlier is at or above its starting level. Call premiums are 15.00% (March 23, 2027), 30.00% (March 23, 2028) and 45.00% (March 19, 2029, final calculation day).

Payments at maturity depend solely on the lowest performing of the S&P 500®, Russell 2000® and Nasdaq-100®. If the lowest performing underlier is below its threshold level (75.00% of its starting level), investors have 1-to-1 downside and may lose up to 100.00% of the face amount. The original offering price is $1,000 per security, the estimated value at pricing is approximately $957 per $1,000 face amount, underwriting discount is $25.75 per security, and proceeds to issuer are $974.25 per security.

GS Finance Corp. offers structured, autocallable notes linked to the Russell 2000®, EURO STOXX 50® and the State Street® Technology Select Sector SPDR® ETF (XLK), with expected maturity March 28, 2031 and monthly coupon observation dates beginning in April 2026.

Coupons of $9.50 per $1,000 (0.95% monthly, 11.4% annualized) are payable on a coupon payment date only if each underlier is >= 65% of its initial level. Notes are automatically called on quarterly call observation dates if each underlier is >= its initial level. At maturity, the cash payment depends on the lesser performing underlier: full principal if each underlier is >= 65%, principal only if any underlier is between 55% and 65%, and a proportional loss if any underlier is 55% (you could receive less than 55% of face amount if an underlier falls below 55%). 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 buffer‑linked notes tied to the S&P 500. The pricing supplement shows an aggregate face amount of $5,550,000 and a face amount of $1,000 per note. The notes pay no interest, mature on June 23, 2027 (determination date June 21, 2027), and are fully guaranteed by The Goldman Sachs Group, Inc.

Performance is measured from the trade date to the determination date. A 10% buffer (buffer level = 90% of the initial level) caps losses: if the final underlier level is ≥ the buffer level, holders receive a capped payment of $1,117 per $1,000 face amount; if below the buffer, holders lose ~1.1111% of face for each 1% decline below the buffer and could lose their entire investment. The notes carry issuer and guarantor credit risk, an underwriting discount of 0.94%, and a net proceed to issuer of 99.06% of face.

GS Finance Corp. is offering $3,375,450 aggregate face amount of Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.27875 per $10 (up to 11.15% per annum) if each index meets its coupon barrier.

The notes are linked to the lesser performing of the Russell 2000® (initial level 2,478.642) and the EURO STOXX 50® (initial level 5,736.85). Coupon barriers are 70% of initial index levels and downside thresholds are 60%. Commencing September 18, 2026, the notes may be automatically called on quarterly observation dates if each index is at or above its initial level; maturity (determination) is March 18, 2031 and stated maturity date is March 21, 2031. If not called, principal repayment at maturity is contingent on the final level of the lesser performing index and can result in a loss up to the full investment.

GS Finance Corp. is offering Leveraged S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index, provide 300% upside participation subject to a maximum settlement amount of $11.52 per $10 face amount, do not pay interest, and are principal‑at‑risk.

Trade date is March 24, 2026, original issue date March 27, 2026, determination date March 24, 2027 and stated maturity date March 29, 2027. If the final index level is below the initial level, holders lose pro rata principal and could lose their entire investment.

GS Finance Corp. is offering structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $510,000 face amount and links cash payments to the S&P 500 Index. The notes pay no interest, have an upside participation rate of 225% and a buffer level of 90% (buffer amount 10%). If the notes are automatically called on the call observation date, holders receive $1,075 per $1,000 on the call payment date. If not called, the maturity cash settlement (determination date March 19, 2029, stated maturity March 22, 2029) depends on the final underlier level: upside payoff when the underlier rises, full principal at or above the buffer, and a downside formula using the buffer rate of 100% if the underlier falls below the buffer. The notes are issued at 100% of face with a 2% underwriting discount (net proceeds 98%) and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering principal-protected-linked notes tied to the EURO STOXX 50® Index with an aggregate face amount of $525,000. The notes pay no interest, may be automatically called on the March 31, 2027 call observation date for a fixed cash payment of $1,137.40 per $1,000 face amount, and otherwise mature on March 23, 2028. If not called, maturity cash depends on the final index level relative to the initial level of 5,736.85, with a 15% buffer (buffer level = 85%) and a buffer rate of approximately 117.65%. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk, limited secondary-market liquidity, uncertain U.S. federal income tax treatment, and a possibility of total loss of principal if the final index level is sufficiently low.

GS Finance Corp. is offering contingent coupon, auto-callable equity-linked notes tied to Alphabet Inc. Class A (GOOGL) with an aggregate face amount of $2,345,000. The notes pay a quarterly contingent coupon of $33.50 per $1,000 (3.35% quarterly; up to 13.40% per annum) if the underlier is >= the coupon trigger level (70% of $307.69) on observation dates. The notes are auto‑callable on scheduled observation dates if the underlier is >= the initial underlier level ($307.69), in which case holders receive $1,000 plus any coupon then due. If not called, principal at maturity is 100% if the final underlier level is >= the trigger buffer level (70%); below that, maturity repayment equals $1,000 × underlier return, meaning investors could lose their entire investment. Trade date was March 18, 2026, original issue date March 23, 2026, and stated maturity is March 22, 2029. The notes are senior unsecured obligations of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk, limited upside (100% of face at maturity), no shareholder rights, and uncertain U.S. tax treatment.

GS Finance Corp. and guarantor The Goldman Sachs Group, Inc. are offering structured notes linked to the common stocks of Tesla, Micron, Oracle and Broadcom with an aggregate face amount of $12,950,000 on the original issue date. The notes mature on March 25, 2031 and include an automatic call feature beginning on observation dates in March 2027. Coupons are monthly and binary: a $8.417 maximum coupon per $1,000 face amount (coupon trigger = 70% of each initial stock price) or a minimum coupon of $0.209 per $1,000. The estimated value at pricing was approximately $950 per $1,000 face amount; original issue price is 100% with an underwriting discount of 3.85%.

GS Finance Corp. proposes callable S&P 500® Futures Excess Return Index‑linked notes due (expected ~36 months) guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, payoff at maturity depends on the final underlier level versus the initial level: 175% upside participation if final ≥ initial; absolute positive return if final declines but remains ≥ 65% of initial; and a leveraged negative payoff if final < 65% (buffer rate ≈ 153.85%), which can result in a total loss of principal. The issuer may redeem on specified quarterly call dates at 100% plus a call premium (schedule provided). Notes do not bear interest; estimated value at trade date is between $925 and $955 per $1,000 face amount. Investors bear credit risk of GS Finance Corp. and Goldman Sachs, market‑timing risk tied to a futures‑based underlier (E‑mini S&P 500 futures), roll/contango risk, tax uncertainty, and limited secondary market liquidity.

GS Finance Corp. is offering buffered, principal-at-risk notes linked to the Invesco QQQ, Series 1 ETF (initial ETF level $594.90) maturing on September 23, 2027. The notes pay no interest and at maturity return an amount tied to the ETF return subject to a cap (maximum settlement $1,135 per $1,000 face) and a buffer that protects losses up to 15% (buffer level 85% of the initial level).

If the ETF return is positive or zero, holders participate up to the cap; if the ETF declines but remains >= the buffer level, holders receive the absolute decline as a positive payment; if the ETF falls below the buffer level, losses apply and the payoff equals the ETF return plus the 15% buffer. The estimated value on the trade date was approximately $964 per $1,000 face and the original issue price was 100% of face; underwriting discount was 2.1%. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 24, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 note may pay a contingent monthly coupon of $10.625 if all three underliers meet coupon triggers (70% of initial levels). The notes are linked to the Nasdaq-100, Russell 2000 and S&P 500 indices and include an automatic call if, on any call observation date, each underlier is at or above its initial level. At maturity, if not called, payment depends solely on the performance of the lesser performing underlier versus its initial level and could result in a total loss of principal. The offering disclosure highlights model valuation discounts versus issue price, market illiquidity risk, issuer/guarantor credit risk, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering fixed coupon, index‑linked notes due 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note pays a fixed coupon of $6.667 per $1,000 (0.6667% monthly, ~8% per annum) and links principal at maturity to the lesser performing of the Nasdaq‑100 and S&P 500 measured from March 19, 2026 to the determination date (expected July 21, 2027). If the lesser performing index falls below 80% of its initial level (a -20% return), principal is reduced using a buffer rate of 1.25. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount, below the original issue price.

GS Finance Corp. is offering non‑interest, downside‑buffered notes linked to the common stock of Roper Technologies, Inc. (index stock). The notes are expected to trade on March 25, 2026, have an original issue date expected March 30, 2026, and a stated maturity expected September 28, 2028.

Key terms: 125% upside participation up to a cap price of 152.8% of the initial price, a maximum settlement amount of $1,660 per $1,000 face amount, and a 10% buffer protecting declines up to 10%. Estimated value on the trade date is stated between $925 and $955 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, cash‑settled notes fully guaranteed by The Goldman Sachs Group, Inc. The offering aggregates to $1,220,000 face amount and pays no interest. Each $1,000 face amount participates at an 250% upside with a 15% buffer (buffer level = 85% of the initial underlier level).

The underlier is the S&P 500® Futures Excess Return Index (futures‑based). Notes are automatically called if the underlier on the call observation date is ≥ the initial level; the call payment per $1,000 would be $1,180 on the call payment date. If not called, maturity pay depends on final underlier level on the determination date; substantial principal loss is possible if the final level falls below the buffer. Trade date: March 18, 2026; original issue date: March 23, 2026; stated maturity: March 25, 2031.

GS Finance Corp. offers structured, IBM-linked buffer notes with an aggregate face amount of $89,000. The notes reference the capital stock of International Business Machines Corporation (IBM) and pay at maturity based on the underlier's performance from the trade date to the determination date.

If the final underlier level is above the initial level, holders receive the face amount plus the underlier return. If the final level is between 79.2% (the trigger buffer level) and the initial level, holders receive the face amount. If the final level is below the trigger buffer level, holders suffer a proportional loss: a 1% loss for each 1% decline below the initial level, which could result in loss of the entire investment. The notes pay no interest and are guaranteed by The Goldman Sachs Group, Inc.

Key terms include trade date March 18, 2026, original issue date March 23, 2026, determination date March 20, 2028 and stated maturity March 23, 2028. Original issue price is 100% of face; underwriting discount is 1.85%, net proceeds to issuer 98.15%.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of NVIDIA Corporation (NVDA). The notes have a face amount of $1,000 per note, trade date March 26, 2026, original issue date March 31, 2026, and stated maturity March 29, 2029.

Quarterly coupons are paid only if the closing level of NVDA on the coupon observation date is at or above a coupon trigger level of 60% of the initial underlier level. The notes are automatically called if NVDA closes at or above the initial underlier level on any call observation date. At maturity (if not called), principal is repaid in cash: $1,000 if the final underlier level is at or above the 60% trigger buffer; otherwise the cash settlement equals $1,000 × underlier return, exposing holders to potential loss of up to the full investment. Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers contingent quarterly coupon, buffer-protected autocall notes linked to JPMorgan Chase & Co. stock. The notes pay a quarterly contingent coupon of $26.75 per $1,000 face amount when the underlier closes at or above 70% of the initial level. The notes are automatically called if the underlier closes at or above the initial level on any call observation date.

At maturity (if not called), each $1,000 face amount pays either $1,000 or an amount equal to $1,000 plus $1,000 times the underlier return; if the final underlier level is below 70%, principal is reduced proportionally and could be entirely lost. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., sold at 100% of face with a 2% underwriting discount, and priced on the trade date March 18, 2026.

GS Finance Corp. is offering Trigger Autocallable Notes linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40.00%), Nikkei 225 (25.00%), FTSE 100 (17.50%), Swiss Market Index (10.00%) and S&P/ASX 200 (7.50%). The initial basket level is 100. The notes have an autocall barrier of 100.00% and a downside threshold of 75.00%. Trade date is March 20, 2026, original issue date March 25, 2026, determination date March 20, 2031 and stated maturity March 25, 2031.

If a call observation date meets or exceeds the autocall barrier the notes are redeemed and each $10 face amount pays $10 plus the applicable call return (annualized range shown). If not called and the final basket level is below the downside threshold, principal is reduced proportionally to the basket return and you may lose your entire investment. Estimated note value at pricing is between $9.30 and $9.60 per $10 face amount. Minimum purchase is $1,000.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Constellation Energy Corporation (Bloomberg: "CEG UW") and include an automatic call feature and monthly contingent coupons.

Key terms: trade date March 27, 2026, original issue date April 1, 2026, stated maturity April 30, 2027. Coupon is 1.35% monthly (16.20% potential annual), payable only if the underlier closes at or above a 56% coupon trigger on an observation date. If the final underlier level is below the 56% trigger buffer, the cash settlement equals $1,000 plus the underlier return and investors could lose their entire investment.

GS Finance Corp. is offering leveraged S&P 500® index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity payment depends on the S&P 500 performance from the March 25, 2026 trade date to the March 25, 2030 determination date. If the final index level exceeds the initial level, holders receive 120% of the upside return on top of principal. If the final level is between 90% and the initial level, holders receive the face amount. If the final level falls more than the 10% trigger buffer, holders suffer a proportional loss of principal and could lose their entire investment. The notes are cash-settled, not exchange-listed, subject to issuer and guarantor credit risk, and may trade below purchase price in the secondary market.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6). The notes have a face amount of $1,000 per note, an expected trade date of April 2, 2026, and an expected stated maturity date of April 7, 2031. Coupons may be paid quarterly only if the index closing level on a coupon observation date is at least 60% of the initial underlier level; otherwise no coupon is paid. The index applies a daily 6.0% per annum decrement, targets 40% volatility, and may use up to 500% leverage. The issuer may redeem the notes on specified coupon payment dates from April 2027 through January 2031 at $1,000 plus any coupon then due. The estimated value at issuance is expected to be between $885 and $925 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031. The notes bear interest at 5.00% per annum from and including the original issue date (expected April 2, 2026) to but excluding the stated maturity date (expected April 2, 2031), with interest payable on expected April 2 and October 2 each year (first payment expected October 2, 2026).

The notes will be issued in book-entry form through DTC and are callable by the issuer in whole, but not in part, on each redemption date expected to be each January 2, April 2, July 2 and October 2 on or after April 2, 2027, at a price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. Settlement is expected in New York on April 2, 2026. FATCA withholding will generally apply.

GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are subject to automatic early redemption on annual observation dates, and provide a capped upside with a 38.25% maturity premium if held to maturity.

The notes are callable if the closing level of the S&P 500 on a call observation date is greater than or equal to the initial level; call premiums are 12.75% on the first observation and 25.5% on the second. If not called, principal at maturity depends on the S&P 500 performance and can result in a total loss of principal.

GS Finance Corp. is offering Buffered S&P 500® Index‑Linked Notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes reference the S&P 500 Index, have a 20% buffer (buffer level = 80% of the initial level), a maximum settlement amount of at least $1,224 per $1,000 face amount, a trade date of March 27, 2026, original issue date of April 1, 2026, determination date of March 27, 2028, and stated maturity of March 30, 2028. The original issue price is 100%, underwriting discount 1.75%, and net proceeds to issuer 98.25%. Holders receive no interest; cash at maturity depends on the underlier return subject to the buffer, buffer rate (100%), and the stated cap; substantial principal loss is possible if the final underlier level is below the buffer level.

GS Finance Corp. is offering leveraged buffered notes linked to the EURO STOXX 50 with a trade date of April 2, 2026 and a stated maturity of October 7, 2027. For each $1,000 face amount the cash payment at maturity depends on the underlier return: if the final level is above the initial level you receive $1,000 plus the upside participation (at least 125%) times the underlier return; if the final level is between the initial level and the buffer level you receive $1,000; if the final level is below the buffer level (the buffer is 15%, or 85% of the initial level) you incur a loss equal to approximately 1.1765% of face amount per 1% decline below the buffer and could lose your entire investment. The notes pay no interest and are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., exposing holders to the credit risk of both entities.

GS Finance Corp. is offering contingent income callable securities due March 30, 2028 backed by a guarantee of The Goldman Sachs Group, Inc. The notes reference the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100 indices and are principal-at-risk.

Key terms: expected pricing ~March 27, 2026 and original issue date April 1, 2026; stated principal amount per note $1,000; downside threshold = 75.00% of each index initial value. Contingent quarterly coupon (set at pricing) pays only if each index closes at or above its 75.00% threshold on every index business day in the prior observation period. Issuer may redeem at par on coupon dates from July 2, 2026 through December 30, 2027. Estimated value range at pricing: $925 to $985 per security; original issue price = 100% of principal (underwriting discount 2.00%).

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the Nasdaq-100 Index®, due and guaranteed by The Goldman Sachs Group, Inc. The terms set the strike date as March 19, 2026, trade date March 20, 2026, original issue date March 25, 2026, a call observation date of March 29, 2027 and a determination date of March 19, 2031 with stated maturity March 24, 2031 (all dates subject to postponement).

The securities have an upside gearing of 1.50, an autocall barrier at 100.00% of the initial index level, a downside threshold at 75.00% of the initial index level and a call return of 14.00%. The estimated value at issuance is between $9.45 and $9.75 per $10 face amount; original issue price equals 100.00% of face amount. Investors face full downside market exposure at maturity below the downside threshold and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers Trigger Autocallable GEARS linked to the Nasdaq-100 Index. Each security has a $10 face amount and an upside gearing of 1.72, an autocall barrier of 100.00% and a downside threshold of 75.00%. Key dates: Strike date: March 19, 2026, Trade date: March 20, 2026, Original issue date: March 25, 2026, Call observation date: March 29, 2027, Determination date: March 19, 2031, Stated maturity: March 24, 2031. If called, payment = $10 plus 12.00% call return per $10. Estimated value at pricing is between $9.40 and $9.70 per $10 face; original issue price is 100.00% of face with an underwriting discount of 1.50%. Payments depend on index performance and the creditworthiness of GS Finance Corp. and Goldman Sachs.

GS Finance Corp. is offering callable, principal-at-risk notes linked to Invesco QQQ, Series 1, SPDR S&P 500 ETF and NVIDIA Corporation common stock with expected trade date March 20, 2026 and original issue date March 25, 2026. The notes pay a fixed monthly coupon of $10.834 per $1,000 face amount (1.0834% monthly, up to approximately 13% per annum) and are subject to automatic early redemption if each underlier is at or above its initial level on any annual call observation date.

If not called, the maturity payoff (expected September 27, 2027) depends solely on the lesser performing underlier: if each final level is at least 60% of its initial level, you receive $1,000 plus final coupon; if any underlier falls below 60%, the cash settlement equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a loss of principal (potentially the entire investment). The pricing models estimate the notes' value at issuance between $925 and $955 per $1,000 face amount.