Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. offers $1,621,000 Autocallable Buffered S&P 500® Index‑Linked Notes due March 20, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes were priced at 100% of face ($1,000 denominations) with a trade date of March 17, 2026 and original issue date March 20, 2026.

The notes feature an automatic call on the call observation date March 24, 2027 if the S&P 500 closing level is ≥ 105% of the initial level (6,716.09), producing a capped cash payment of $1,100 per $1,000 face. If not called, maturity payoff on the determination date March 17, 2031 pays 1.83× the index return if positive, returns face amount for declines up to 10%, and applies a buffer rate of approximately 111.11% for declines beyond 10%, which can result in a total loss of principal.

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 Intel Corporation. The notes pay contingent monthly coupons when the underlier closes at or above 60% of the initial level and will be automatically called if the underlier closes at or above the initial level on a call observation date. At maturity (stated maturity April 9, 2029), if not called, payment depends on the final underlier level versus a 50% trigger buffer: payments are capped at 100% of face if the final level is at or above the buffer, but can decline pro rata below that and may result in a total loss of principal if the final level is far below the buffer. Trade date is April 1, 2026 and original issue date is April 6, 2026. The notes are subject to issuer and guarantor credit risk, model-based pricing that may exceed estimated value, limited liquidity, tax uncertainty, and other structural risks described in the supplement.

GS Finance Corp. is offering $1,725,000 aggregate face amount of Trigger Autocallable Contingent Yield Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of DexCom, Inc. and pay quarterly contingent coupons of $0.27125 per $10 face amount (up to 10.85% per annum) only if the index stock meets the coupon barrier.

The initial underlying stock price is $66.34 (strike date March 16, 2026; trade date March 17, 2026; original issue date March 20, 2026). Call observation dates begin June 16, 2026, and the determination date is March 16, 2027 with stated maturity March 19, 2027. The coupon barrier and downside threshold equal 50% of the initial price; if the final price is below that threshold at maturity, principal is reduced proportionally to the stock return and investors may lose all or a substantial portion of their investment. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Palantir Technologies Inc. (Bloomberg: PLTR UW) and pay a contingent quarterly coupon of 5.5% ($55 per $1,000) if the underlier closes at or above a 60% coupon trigger on each coupon observation date, subject to the automatic call feature.

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; in that event each $1,000 face amount pays $1,000 plus any coupon then due. If not called, the cash settlement at maturity depends on the final underlier level relative to a 60% trigger buffer level, and investors may lose up to the full principal. Trade date is March 31, 2026; original issue date is April 6, 2026. The original issue price is 100% of face amount with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers autocallable contingent coupon index-linked notes tied to the Russell 2000®, S&P 500® and Nasdaq-100®. The notes mature on September 21, 2028 unless automatically called on any observation end date commencing in June 2026 through June 2028. Coupons of $33.75 per $1,000 (3.375% quarterly; up to 13.5% per annum) are payable for a quarterly period only if each index is at least 70% of its initial level on every trading day during that quarterly observation period. Automatic call occurs if each index closes at or above its initial level set on March 18, 2026 (Russell 2,478.642, S&P 500 6,624.70, Nasdaq-100 24,425.09), in which case holders receive principal plus any coupon then due on the call payment date. At maturity (if not called), full principal ($1,000) is returned only if the lesser performing index is >= 60% of initial; if the lesser performing index is below 60%, final cash payment equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial principal loss. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering callable, structured notes guaranteed by The Goldman Sachs Group, Inc. linked to the common stocks of Apple, NVIDIA, Meta Platforms and AMD. The notes are expected to mature on April 3, 2031 and may be automatically called on monthly observation dates beginning in March 2027. Each monthly coupon per $1,000 face amount will be either $7.292 (maximum) or $0.209 (minimum) depending on whether each index stock meets a 75% coupon trigger of its initial price. Trade date is expected to be March 27, 2026 with original issue date expected to be April 1, 2026. The estimated value at pricing is shown as $885–$935 per $1,000 face amount; original issue price is stated as 100% of face amount. Payments are subject to issuer and guarantor credit risk, limited anti-dilution protection, potential market-disruption postponements, and discretion by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes with an aggregate face amount of $1,985,000 under a pricing supplement dated March 17, 2026. The notes pay no interest, are linked to the S&P 500® Futures Excess Return Index, and feature annual automatic call dates beginning March 17, 2027 with call premiums up to 41%. At maturity (March 24, 2031), cash settlement depends on the final underlier level versus an 80% buffer level and a 20% buffer amount; downside exposure can result in substantial losses, including a hypothetical 60% loss if the final underlier level falls to 20% of the initial level.

The notes are sold at 100% of face with a 1.125% underwriting discount, net proceeds 98.875%, and are subject to issuer and guarantor credit risk, secondary-market illiquidity, negative roll yields for the futures-based underlier, and uncertain U.S. federal tax treatment. The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. is offering index-linked notes due March 26, 2029 guaranteed by The Goldman Sachs Group, Inc.. The cash payment at maturity is based on the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index measured from March 16, 2026 to the determination date.

Key economic terms: 100% upside participation subject to a $1,435.5 maximum settlement per $1,000 face amount, a 25% buffer (buffer level = 75% of initial levels), initial index levels of 24,655.34 (Nasdaq-100) and 6,699.38 (S&P 500), estimated value at pricing approximately $988 per $1,000, original issue price 100%, and aggregate face amount $1,230,000.

The notes do not bear interest; investors bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may lose a substantial portion of their investment if the lesser performing underlier falls below its buffer, and upside gains are capped at the maximum settlement amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non-interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes have an initial index stock price of $155.08, a trade date of March 17, 2026, an original issue date of March 20, 2026, a call observation date of March 17, 2027 and a stated maturity date of March 22, 2029. If on the call observation date the closing price is >= $155.08, the notes will be automatically called and pay $1,391.50 per $1,000 face amount on the call payment date. At maturity, if not called, upside participation is 125% for non-negative returns; declines up to 40% produce a positive absolute return, while declines greater than 40% produce a proportional loss (you could lose your entire investment). The estimated value at pricing was approximately $992 per $1,000 face amount. The original issue price equals 100% of face amount and the structuring fee may be up to 0.8% of face amount.

GS Finance Corp. is offering notes linked to the Nasdaq-100, Russell 2000 and S&P 500 with an aggregate face amount of $2,277,000. For each $1,000 face amount, maturity payoff is either $1,000 or $1,000 plus the lesser performing underlier return, and you could lose your entire investment if the lesser performing underlier declines below its trigger buffer level. The notes pay a contingent monthly coupon of $9.459 per $1,000 when each underlier equals or exceeds its coupon trigger (70% of initial level) on observation dates. The issuer may redeem the notes on coupon payment dates commencing in June 2026. The notes are senior unsecured obligations of GS Finance Corp., unlisted, book-entry, and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal‑protected‑style, cash‑settled notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $13,577,000. The notes have a trade date of March 17, 2026, an original issue date of March 20, 2026 and a stated maturity of March 18, 2033. They pay no interest, have a 100% upside participation rate, and are subject to annual automatic calls if the index closes at or above increasing call levels on specified observation dates. The issuer estimates the notes’ value on the trade date at $901 per $1,000 face amount and discloses an additional amount of $54.728 that amortizes to zero by June 16, 2026. Payments at maturity (if not called) depend on the index return; if the final index level is equal to or lower than the initial level, holders receive the face amount.

GS Finance Corp. offers Enhanced Trigger Jump Securities linked to the S&P 500® Index due April 2, 2027. These principal-at-risk notes pay, for each $1,000 principal, at least a 9.60% upside payment if the final index value is greater than or equal to a downside threshold equal to 80.00% of the initial index value. If the final index value is below that threshold, investors suffer a 1:1 loss in principal measured from the initial index value to the valuation date (i.e., full exposure to declines), and the payment at maturity may be zero. The pricing date is expected on or about March 20, 2026, the original issue date on or about March 25, 2026, and the valuation date on or about March 30, 2027. All payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so payment depends on their creditworthiness.

GS Finance Corp. is offering market-linked, auto-callable notes due March 22, 2027 linked to the Class A common stock of Strategy Inc (formerly MicroStrategy). Each security has a face amount of $1,000 and pays a contingent monthly coupon of $32.334 (approximately 38.80% per annum) only if the underlying stock's closing price on each calculation day is at or above the coupon threshold (60% of the starting price of $150.28).

If not automatically called, holders receive maturity proceeds only if the ending price is at or above the downside threshold (60% of the starting price); otherwise the maturity payment equals $1,000 × (ending price/starting price), exposing holders to >40% loss up to total loss. The securities carry issuer/guarantor credit risk, have an original offering price of $1,000, an estimated value at pricing of $980 per $1,000 face amount, and are designed to be held to maturity.

GS Finance Corp. offers contingent monthly coupon structured notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $2,128,000 face amount and pays a contingent monthly coupon of 0.9292% per $1,000 (up to ~11.15% annually) when each underlier is at or above its coupon trigger level (70% of initial). The notes reference three underliers — the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index — and the cash settlement at maturity is determined solely by the lesser performing underlier relative to its initial level, subject to a trigger buffer at 60%. The issuer may redeem the notes on coupon payment dates commencing in September 2026. The pricing supplement warns investors they could lose their entire investment and that market value and liquidity may be limited.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, contingent coupon notes linked to four stocks: Charles Schwab, Citigroup, AMD and Tesla. The notes pay a conditional monthly coupon based on a 80% trigger and a $6.834-per-month accrual formula. The notes are expected to be issued at face amount with an expected maturity of April 4, 2033 unless automatically called earlier on specified observation dates commencing in March 2027. Automatic call occurs if each index stock’s closing price on a call observation date is >= its initial price. Estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are unsecured and subject to the credit risk of the issuer and guarantor; Goldman Sachs & Co. LLC serves as calculation agent with discretionary authority to determine prices, postponements and anti-dilution adjustments.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers structured notes linked to the lesser-performing common stock of NVIDIA, AMD and Qualcomm. The notes pay at maturity based on the lowest index stock return measured from March 18, 2026 to the determination date (expected March 19, 2029), with an upside participation rate of 353.75% and a trigger buffer at 75% of each initial price. If the lesser performing index stock finishes below 75% of its initial price, holders suffer a proportional loss and could lose their entire investment. The notes do not bear interest; estimated value at pricing is roughly $925–$955 per $1,000 face amount. Payments remain subject to the issuer and guarantor credit risk and to the calculation agent’s discretionary adjustments.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA UW") and pay a contingent monthly coupon only if the underlier closes at or above a 75% coupon trigger on each observation date.

The notes have an automatic call if the underlier closes at or above the initial underlier level on any call observation date. A 75% buffer level and a 25% buffer amount apply to maturity cash settlement; investors may lose a substantial portion of principal if the final underlier level is below the buffer. Trade date is March 31, 2026, original issue date April 6, 2026, and stated maturity date May 5, 2027.

GS Finance Corp. priced leveraged, index-linked notes tied to the S&P 500® Futures Excess Return Index due April 7, 2031. Each note has a $1,000 face amount and pays at maturity based on the underlier return measured from the trade date to the determination date. If the final underlier level exceeds the initial level, holders receive $1,000 + ($1,000 × the upside participation rate × underlier return) with an upside participation rate of 187.5%. If the final level is between the initial level and a trigger buffer of 50% of the initial level, holders receive the face amount. If the final level is below the trigger buffer, holders suffer a proportional loss equal to the underlier return multiplied by the face amount and could lose their entire investment. The notes pay no interest and are unsecured senior debt of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering leveraged, buffered S&P 500® Index‑linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash based on the S&P 500 performance measured from March 18, 2026 to the determination date.

Key disclosed economics include an upside participation rate of 200%, a buffer of 10% (buffer level 90% of the initial underlier level), and a stated maximum settlement amount of at least $1,262 per $1,000 face amount. The initial underlier level is 6,624.70. Original issue date is March 24, 2026; determination and maturity dates are in March 2028. Principal is at risk if the final index level declines by more than the buffer.

GS Finance Corp. offers $1,000 face-amount autocallable contingent coupon notes due March 27, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $28.125 per $1,000 (2.8125% quarterly; up to 11.25% annual) only if each underlier equals or exceeds 70% of its initial level on the coupon observation date. The notes are linked to the Russell 2000, S&P 500 and the iShares MSCI EAFE ETF (EFA). If not called, maturity payment is based on the lesser performing underlier; losses can equal the full principal. Automatic call occurs if all underliers meet or exceed initial levels on a call observation date.

GS Finance Corp. offers index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes link to the Russell 2000® and the S&P 500® with a trade date expected April 1, 2026 and a stated maturity expected April 6, 2028.

For each $1,000 face amount, the cash payment at maturity is based on the lesser performing index return, with a maximum settlement amount of $1,267.5 and a minimum settlement amount of $950. The notes pay no interest; estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $2,575,000 aggregate face amount of trigger callable contingent yield notes due June 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons of $0.3275 per $10 face amount (up to 13.10% per annum) if each underlying index stays at or above its coupon barrier during each observation period. The notes are linked to the least performing of the S&P 500®, Russell 2000® and EURO STOXX 50® indices, carry a downside threshold of 60% of initial index levels and may be redeemed at issuer option on coupon payment dates commencing June 23, 2026. Payments, including principal, depend on issuer and guarantor creditworthiness.

GS Finance Corp. is offering S&P 500®-linked buffered notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes provide a 10% buffer (buffer level 90%) against declines in the S&P 500; upside is capped at a minimum maximum settlement amount of $1,120 per $1,000 face (112%). Trade date is March 31, 2026, original issue date is April 6, 2026, determination date is April 6, 2027, and stated maturity is April 9, 2027. The notes do not pay interest, are cash-settled, and expose holders to the credit risk of the issuer and guarantor. If the final index level falls below the buffer level, investors may lose a substantial portion of principal; if the index rises, payouts are limited by the stated cap.

GS Finance Corp. priced trigger securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes provide upside participation in positive index returns and a contingent repayment of principal at maturity only if the final index level is at or above a downside threshold set on the trade date. Key economics shown: initial issue price $10 face amount, estimated value between $9.30 and $9.60 per $10 face amount on the trade date, underwriting discount 3.50%, net proceeds 96.50%, trade date expected March 27, 2026, original issue date expected March 31, 2026, determination date expected March 27, 2031, stated maturity expected March 31, 2031, and a downside threshold expected between 75.00% and 65.85% of the initial index level.

These are unsecured notes with full payment subject to the issuer’s and guarantor’s creditworthiness, no periodic interest, limited secondary market liquidity, and material tax and structural risks described in the supplement.

GS Finance Corp. is offering leveraged equity-linked notes due September 22, 2028, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face-amount note references the common stock of ServiceNow, Inc. (initial underlier level $113.71 on March 18, 2026).

Payment at maturity is cash and depends on the underlier return from March 18, 2026 to the determination date (September 19, 2028): upside participation is 200% subject to a maximum settlement amount of $1,947 per $1,000 face amount; if the final level falls to or above 60% of the initial level you receive the face amount; if it falls below 60% you suffer proportional downside and may lose your entire investment. The notes pay no interest and pricing and distribution terms are set on the trade date.

GS Finance Corp. offers Buffered Digital S&P 500® Index-Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature on March 31, 2033. Payment at maturity depends on the S&P 500® performance from the trade date to the determination date.

Key terms set on the trade date include a 15% buffer amount (buffer level = 85% of the initial underlier level), a buffer rate of 100%, a maximum settlement amount of $1,598 per $1,000 face amount, trade date March 23, 2026, and determination date March 28, 2033. The notes are unsecured senior obligations issued under the medium-term notes program and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering $22,632,000 aggregate principal amount of Callable Fixed Rate Notes due March 19, 2034 with a fixed interest rate of 5.00% per annum payable semiannually on March 19 and September 19, beginning September 19, 2026.

The notes accrue interest from the original issue date March 19, 2026, settle that day, and are callable by the issuer in whole (but not in part) on each redemption date on or after March 19, 2028 at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days’ notice.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P 500 performance measured from March 18, 2026 to the determination date.

Key economics: each $1,000 face amount can pay a maximum settlement amount of $1,086.40. The notes include a 15% buffer (buffer level = 85% of the initial underlier level) and a buffer rate of approximately 117.65%. Trade date is March 19, 2026, original issue date March 24, 2026, determination date April 1, 2027, and stated maturity April 6, 2027. The original issue price is 100% of face; underwriting discount is 1%.

GS Finance Corp. is offering leveraged S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 performance from the trade date (March 19, 2026) to the determination date (March 19, 2029).

For each $1,000 face amount: investors receive the face amount if the final index level is ≥ 75% of the initial level; gains are participation-based up to a maximum settlement amount of $1,335.10 (with a 300% upside participation rate capped by that maximum); if the final level is below 75%, losses are proportional to the index decline and could result in loss of principal. Original issue price is 100%, underwriting discount 2%, net proceeds 98% of face amount.

The issuer, GS Finance Corp., with guarantor The Goldman Sachs Group, Inc., is offering callable, capped structured notes linked to three ETFs: Invesco QQQ Trust (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), and iShares Russell 2000 ETF (IWM). Coupons are monthly and paid only if each ETF's closing level on a coupon observation date is at least 80% of its initial level. Notes will be automatically called on quarterly call observation dates if each ETF's closing level is greater than or equal to its initial level; on a call the holder receives the $1,000 face amount plus accrued coupon.

At maturity (expected March 23, 2028), if not called, the cash settlement per $1,000 depends on the lesser performing ETF: if each ETF is >= 80% of initial, holder receives principal plus final coupon; if the worst ETF is between -30% and -20%, holder receives $1,000 (no coupon); if any ETF return is -30%, payoff = $1,000 + (lesser performing ETF return * $1,000), which can result in receiving less than 70% of face amount. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due May 24, 2027 with interest at 4.25% per annum, accruing from the expected original issue date of March 24, 2026. Interest payment dates are expected to be Sept 24, 2026, March 24, 2027 and May 24, 2027.

The notes are callable in whole, not in part, on expected redemption dates of Sept 24, 2026, Dec 24, 2026 and March 24, 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 March 24, 2026. The notes will be issued in book-entry form through DTC. The offering is subject to distribution limits in multiple jurisdictions and FATCA withholding rules apply.

GS Finance Corp. is offering callable contingent coupon equity-linked notes due March 22, 2029, fully guaranteed by The Goldman Sachs Group, Inc.

The notes pay a contingent quarterly coupon of 5% per quarter (up to 20.00% per annum) if each underlier is at or above a 75% coupon trigger on the observation date, and the cash settlement at maturity depends solely on the lesser performing underlier. The underliers are the common stocks of Apple Inc., Meta Platforms, Inc. and Microsoft Corporation, with initial levels referenced to March 18, 2026. The notes include a 25% buffer and a buffer rate of approximately 133.33%, and the issuer has the right to redeem on coupon payment dates commencing September 2026, subject to at least three business days’ notice.

GS Finance Corp. is offering $1,000 face‑amount autocallable contingent coupon equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Constellation Energy Corporation (Bloomberg: CEG UW), trade date March 27, 2026, original issue date April 1, 2026, and stated maturity April 30, 2027.

Each note may pay a contingent monthly coupon of $13.50 per $1,000 (1.35% monthly; potential up to 16.20% per annum) only if the underlier’s closing level on the related observation date is at or above the coupon trigger level of 56% of the initial underlier level. The notes are automatically called if the underlier is at or above the initial level on any call observation date; on a call the issuer pays the full principal per $1,000 plus any coupon then due. If the notes are not called, the cash settlement at maturity pays $1,000 if the final underlier level is at or above the trigger buffer (56%); if below, investors receive $1,000×(underlier return), which can result in the loss of the entire investment. Investors are exposed to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering autocallable, index-linked notes due September 27, 2027, fully guaranteed by The Goldman Sachs Group, Inc.. The notes link to the Nasdaq-100 and Russell 2000 underliers, can be automatically called on semi-annual observation dates, and pay no interest.

Key economic terms: initial underlier levels set as of March 18, 2026; automatic call premiums of 9.7% (first call) and 19.4% (second call); a 29.10% maturity premium; an 80% buffer level (20% buffer amount, buffer rate = 125%). If not called, final cash settlement depends solely on the lesser performing underlier and can result in a total loss of principal. Pricing, underwriting discounts and issue price will be set on the trade date.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income auto-callable securities due March 30, 2028 linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100 indexes. The notes are principal-at-risk and pay a contingent quarterly coupon (set on the pricing date) only if each underlying index is at or above a 65.00% downside threshold on a coupon observation date. The securities will be automatically called if, on any call observation date, each index is at or above its initial index value; a call returns $1,000 plus the then-due coupon. If not called, payment at maturity depends on the worst performing index (payment = $1,000 × worst index performance factor), which can be less than $650 per security and could be zero. Pricing is expected in late March 2026 with an original issue date of April 1, 2026, and an estimated value range of $920 to $980 per $1,000 stated principal. The offering carries a 2.00% underwriting discount and exposes investors to issuer/guarantor credit risk and the risk of receiving few or no coupons.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers structured, non‑interest notes linked to an equally weighted 10‑stock basket. The notes have an expected trade date of March 26, 2026, an original issue date of March 31, 2026, and a stated maturity expected on March 29, 2029.

For each $1,000 face amount, the cash payment at maturity equals the face amount if the final basket level is equal to or below the initial level (initial level = 100), or increases by the basket return up to a maximum settlement amount of $1,280 (cap level = 128% of initial). The basket is equally weighted across ten named common stocks, initial weight 10% each. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. offers structured notes linked to the Class A common stock of Meta Platforms, Inc., and the common stocks of Microsoft Corporation, Apple Inc., and Alphabet Inc. Each note has a $1,000 face amount denomination and an expected stated maturity of March 22, 2029.

Coupons: each coupon payment date can pay $50 per $1,000 face amount (5% quarterly) only if the closing price of each index stock on the coupon observation date is >= 70% of its initial index stock price. Final payoff: if the notes are not redeemed, the maturity payment is based on the lesser performing index stock, with a buffer amount of 30% and a buffer rate of approximately 142.86%. The issuer may redeem notes at 100% plus any coupon on coupon payment dates from September 2026 through December 2028. The estimated initial value is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due (guaranteed by The Goldman Sachs Group, Inc.) with an expected trade date of March 20, 2026 and an expected stated maturity of March 23, 2028.

For each $1,000 face amount, holders will receive a cash settlement at maturity determined by the S&P 500® Index performance between the initial and final underlier levels. The notes pay no interest; the threshold settlement amount is $1,137.50. The structure provides positive capped returns for modest declines and limited rises, a buffer that protects down to 75% of the initial level using a buffer rate of ~133.33%, and the potential to lose the entire investment if the final level falls below the buffer level. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable notes linked to the EURO STOXX 50® Index. The notes are expected to trade on March 24, 2026, have an original issue date of March 27, 2026 and a stated maturity of March 31, 2031. They pay no interest and may be automatically called beginning on call observation dates commencing in March 2027. If called, holders receive $1,000 plus a call premium (call premiums rise on later call dates; examples include 11.75% on the first call and 47% on the last scheduled call). At maturity, payment depends on the index performance: at or above the initial level holders receive at least a $1,300 threshold; declines up to -25% return principal; declines beyond -25% produce a proportional loss, potentially wiping out the investment. The estimated value at pricing is $885–$925 per $1,000 face amount. Payments are unsecured obligations and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable, S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026, an expected automatic call observation date of April 2, 2027 (call payment April 7, 2027) and an expected stated maturity date of March 23, 2028.

If the index closing level on the call observation date is >= the initial index level, the notes will be automatically redeemed for at least $1,112.50 per $1,000 face amount. If not called, maturity payoff depends on index performance: an upside participation rate of 150% applies to positive returns; declines up to 20% produce the absolute positive return; declines greater than 20% produce proportional losses (you can lose your entire investment). The estimated initial model value is $900–$930 per $1,000 face amount; issue price is 100% of face amount. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. is offering autocallable, principal‑at‑risk notes tied to the Class A common stock of Palantir Technologies Inc. and the common stock of Advanced Micro Devices, Inc.. The notes have expected trade date March 26, 2026 and stated maturity April 2, 2029. Monthly coupon observation dates are expected on the 26th of each month; a coupon of $14.584 per $1,000 face amount accrues (1.4584% monthly, or up to approximately 17.5% per annum) only if both index stocks meet their coupon trigger prices (each equal to 50% of the initial index stock price). The notes will be automatically called if, on a call observation date, each index stock closes at or above its initial price; if not called, a trigger event at maturity occurs only if both index stocks close below their initial prices. If a trigger event occurs, the cash settlement is based on the lesser performing index stock and may be substantially less than principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.. The estimated value at the time terms are set is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due March 25, 2031, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000, does not pay interest, and links payoff to the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP Index).

If the final underlier level on the March 20, 2031 determination date is above the initial level set on the March 20, 2026 trade date, the cash payment at maturity equals $1,000 plus $1,000 × the 128% upside participation rate × the underlier return. If the final level is equal to or below the initial level, holders receive the face amount only. The notes are cash‑settled, subject to credit risk of GS Finance Corp. and its guarantor, and may be illiquid.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due September 30, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the common stock of NVIDIA Corporation (Bloomberg: "NVDA UW") and pay a contingent quarterly coupon only if the underlier closes at or above a coupon trigger level equal to 55% of the initial underlier level on each coupon observation date.

The notes will be automatically called if the underlier closes at or above the initial underlier level on any call observation date. If not called, the cash settlement at maturity depends on the final underlier level relative to a trigger buffer level of 55% of the initial level; a final level below that buffer exposes holders to losses, including the possibility of losing their entire investment. Trade date is March 26, 2026, original issue date is March 31, 2026, and the determination date is September 27, 2027. The original issue price is 100% of face amount with a 1.5% underwriting discount (net proceeds 98.5%).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000 face amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index).

The notes have an upside participation rate of 100%, a call level of 101.25% of the initial index level and scheduled call observation dates beginning March 30, 2027 with increasing call premiums (10% to 60%). Stated maturity is March 31, 2033. The estimated value on the trade date is $885 to $925 per $1,000 face amount (below issue).

The index applies a 5% realized volatility control and a 0.65% per annum deduction, and may allocate substantial exposure to hypothetical cash positions; such allocations can materially reduce index returns. If notes are not called and the final index level is equal to or below the initial level, holders receive the face amount only.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked medium-term notes tied to the Nasdaq-100 and S&P 500. The notes have a trade date of March 23, 2026, original issue date March 26, 2026, a determination date March 24, 2031 and a stated maturity date March 27, 2031.

For each $1,000 face amount, payoff depends on the lesser performing underlier: if both underliers finish above initial levels you receive $1,000 plus 109.5% participation of the lesser underlier return; if the lesser underlier finishes between 85% (buffer level) and initial, you receive the face amount; if below 85%, you suffer losses equal to 1% per 1% below the buffer (buffer rate 100%, buffer amount 15%). The notes pay no interest and are subject to issuer and guarantor credit risk. CUSIP 40058YLA8.

GS Finance Corp. offers $1,000 face‑amount autocallable contingent coupon equity‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA UW") and pay contingent quarterly coupons only if the underlier closes at or above 60% of the initial level on observation dates. The notes are automatically called if the underlier closes at or above the initial level on any call observation date; maturity settlement is cash and depends on the final underlier level (full loss possible if final level is below 60% of initial). Trade date is March 23, 2026 and stated maturity is March 28, 2029.

GS Finance Corp. is offering structured, automatically callable notes linked to the shares of Alphabet (Class C), NVIDIA, Meta (Class A) and Tesla that mature on or about April 1, 2031 unless automatically called on scheduled observation dates.

The notes pay a monthly coupon that will be $8.334 per $1,000 face amount if each index stock is >= 80% of its initial price on a coupon observation date, or $0.209 per $1,000 if any index stock is below that trigger. Observation dates begin monthly in April 2026; call observation dates may cause early automatic redemption beginning in March 2027. The issuer and guarantor credit risk rests with GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. launches a structured five-year note linked to a 3-index basket. The notes (expected trade date March 18, 2026, expected stated maturity March 21, 2031) pay no interest and return at maturity depends on a weighted basket: 65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets.

If the final basket level exceeds the initial level (initial basket level = 100), holders receive principal plus 187% participation in the basket return. If the final basket level falls up to 20% (to the trigger buffer of 80%), holders receive the face amount. If the final basket level declines by more than 20%, holders suffer a pro rata loss and may lose their entire investment. Estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers principal-protected notes linked to the S&P 500® Index with an aggregate face amount of $3,155,000. The notes pay no interest and at maturity will deliver for each $1,000 face amount either the maximum settlement amount of $1,103 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 rate of approximately 111.11% and the underlier return, which can result in a loss of principal, including the entire investment.

The trade date is March 16, 2026, original issue date March 19, 2026, determination date April 16, 2027, and stated maturity date April 21, 2027. The notes are senior unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.; investors are exposed to issuer and guarantor credit risk and limited liquidity.