Goldman Sachs Group Inc. 424B Filings

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.

GS Finance Corp. is offering Digital iShares® Semiconductor ETF‑linked notes due April 29, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a payoff tied to the iShares Semiconductor ETF (ticker SOXX), measured from the trade date (expected March 25, 2026) to the determination date (expected April 26, 2027). If the final ETF level is equal to or above 60% of the initial level, each $1,000 note pays a capped threshold settlement amount of $1,114. If the final ETF level falls more than 40% below the initial level, the cash payment at maturity will decline proportionally and investors could lose up to their entire investment. The pricing supplement notes an estimated value on the trade date of $925 to $955 per $1,000 face amount, below the original issue price. The notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering autocallable index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500®, Dow Jones Industrial Average® and Russell 2000®, have an expected trade date of March 24, 2026, an expected original issue date of March 27, 2026, and an expected stated maturity of March 28, 2030.

The notes will be automatically called if, on any call observation date beginning March 24, 2027, each index closes at or above 80% of its initial level; call premiums rise over time (first call premium 9.1%, maturity premium 36.4%). If not called, the redemption at maturity depends on the lesser performing index: holders receive $1,364 per $1,000 face if each final index level is ≥ 80% of initial; otherwise repayment equals $1,000 plus the lesser performing index return times $1,000, which can result in a total loss of principal. The pricing supplement states an estimated model value at issuance of between $905 and $945 per $1,000 face amount and an original issue price of 100% of face.

GS Finance Corp. offers contingent callable notes guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited (representing five common shares), NVIDIA Corporation common stock, Meta Platforms Class A common stock and Advanced Micro Devices common stock.

The notes have an expected trade date of March 25, 2026, an expected original issue date of March 30, 2026 and an expected stated maturity date of April 1, 2031. Coupons are monthly: the maximum coupon is $8.5 per $1,000 face amount (0.85% monthly; 10.2% p.a.) and the minimum coupon is $0.209 per $1,000 face amount (0.0209% monthly; ~0.25% p.a.). The notes may be automatically called on specified observation dates if the closing price of each index stock is greater than or equal to its initial price. The estimated value at terms-setting is between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers Buffered S&P 500® Index-Linked Notes due April 6, 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; payoff at maturity depends on the S&P 500® index performance measured from the trade date (expected April 2, 2026) to the determination date (expected April 3, 2028), subject to a cap. If the index return is positive, payoff equals the index return up to a $1,206 maximum per $1,000 face amount. A buffer protects against the first 20% of index declines; losses occur if the index falls more than 20%. The estimated value on the trade date is between $925 and $965 per $1,000 face amount. The notes are unsecured obligations and expose holders to issuer and guarantor credit risk.

GS Finance Corp. offers S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are principal-linked instruments that pay no interest and pay at maturity either the face amount ($1,000 per note) or a capped upside tied to the S&P 500® Index.

Key terms set on the trade date include an original issue price of 100% of face amount, maximum settlement amount of $1,111.70 per $1,000 face, trade date March 24, 2026, original issue date March 27, 2026, determination date March 24, 2028, and stated maturity date March 29, 2028. The notes will be settled in cash and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers principal‑protected? callable equity‑linked notes tied to NVIDIA Corporation (NVDA)

The pricing supplement sets an $1,447,000 aggregate face amount of notes with a $1,000 face amount per note, issued at 100% of face with a 0.5% underwriting discount (net proceeds 99.5%). The notes reference the common stock of NVIDIA Corporation as the underlier (initial underlier level $183.22).

Key economic mechanics: quarterly contingent coupons of up to $34.75 (paid only when the underlier closing level on an observation date is at or above the coupon trigger level of 50% of the initial level); an automatic call if the underlier closes at or above the initial level on any call observation date; and at maturity a cash settlement that is 100% of face if the final underlier level is at or above the trigger buffer level (50%) but declines pro rata with the underlier return below that buffer, exposing holders to possible loss of up to 100% of principal. Trade date is March 16, 2026, original issue date March 19, 2026, and stated maturity March 23, 2029.

The issuer GS Finance Corp. is offering capped, auto‑callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6), with an expected trade date of March 23, 2026 and original issue date expected March 26, 2026. The notes may be automatically called on specified observation dates beginning in September 2026 if the underlier is ≥ 90% of the initial level; call premiums vary by call date and the maximum settlement at maturity if not called is $1,915 per $1,000 face amount.

The underlier uses up to 500% leverage with a daily cap on leverage change and a fixed daily decrement equal to 6.0% per annum, which reduces index performance. The estimated model value at pricing is between $885 and $925 per $1,000 face amount, below the original issue price. These notes do not bear interest, are unsecured obligations of the issuer, and are subject to the credit risk of the issuer and guarantor; holders can lose all principal if the final underlier level falls sufficiently below the trigger buffer (60% of initial).

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured, cash‑settled notes linked to the S&P 500® Futures Excess Return Index. Key terms: aggregate face amount $1,529,000, no interest, Upside Participation Rate 180.25%, Buffer Level 80% (Buffer Amount 20%), trade date March 16, 2026, original issue date March 19, 2026, determination date March 17, 2031, stated maturity March 20, 2031. At maturity holders receive: (1) if the final underlier level > initial, $1,000 + $1,000 × 180.25% × underlier return; (2) if final level ≥ buffer level, $1,000; (3) if final level < buffer level, a pro rata loss tied to the shortfall below the buffer. Original issue price is 100% of face amount, underwriting discount 1%, net proceeds to issuer 99%. The notes are cash‑settled, not interest bearing, not equity, and subject to issuer/guarantor credit risk and futures‑specific risks including roll yields and contango.

GS Finance Corp. offers principal-protected contingent notes linked to a 6-stock equal-weight basket, guaranteed by The Goldman Sachs Group, Inc. The notes mature on April 15, 2027 with a determination date of April 13, 2027. For each $1,000 face amount, holders receive $1,269 if the final basket level is ≥85% of the initial level (initial basket level = 100). If the final basket level is below 85%, holders incur losses: the payoff equals $1,000 plus $1,000 × ~117.65% × (basket return + 15%), which can result in a total loss of principal. The estimated value on the trade date was approximately $969 per $1,000; original issue price was 100% and aggregate face amount on the original issue date was $500,000.

These notes pay no interest, are unsecured obligations of GS Finance Corp., and expose investors to issuer and guarantor credit risk. The calculation agent, Goldman Sachs & Co. LLC, has discretion over pricing determinations, anti-dilution adjustments, and postponement for market disruptions.

GS Finance Corp. offers autocallable Russell 2000® index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an expected stated maturity of March 31, 2031. The notes pay no interest and may be automatically called beginning on March 24, 2027 if the Russell 2000 closing level on a call observation date is greater than or equal to the initial index level, producing a cash payment equal to $1,000 plus a call premium (11.25% on the first call date, 22.5% on the second, 33.75% on the third and 45% on the fourth).

If not called, maturity payment depends on index performance: at or above the initial level you receive the greater of a $1,250 threshold settlement or participation of 100% in positive index return; a decline up to 25% returns principal; a decline beyond 25% results in a proportional loss and you could lose your entire investment. The issuer discloses an estimated value of the notes on pricing between $885 and $925 per $1,000 face amount and warns of credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers leveraged callable EURO STOXX 50® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a stated maturity expected March 31, 2031, a trade date expected March 26, 2026, and an upside participation rate of at least 209%. For each $1,000 face amount, holders receive $1,000 at maturity if the index return is zero or negative; if positive, they receive $1,000 plus at least 2.09 times the index return applied to $1,000. The issuer may redeem in whole on specified quarterly call payment dates beginning April 2027 at defined capped call premiums (ranging from 10% to 47.5%). Original issue price is 100%, underwriting discount 2.5%, net proceeds to issuer 97.5%, and the estimated value at pricing is expected to be between $885 and $915 per $1,000 face amount.

GS Finance Corp. offers callable, equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $1,200,000 on the original issue date and an original issue price of 100% of face amount.

The notes reference the Class A common stock of Affirm Holdings, Inc., the common stock of NVIDIA Corporation and the common stock of Tesla, Inc.. They mature on March 24, 2031 but may be automatically called on monthly observation dates beginning in March 2027 if each index stock closes at or above its initial price ($47.69 AFRM, $183.22 NVDA, $395.56 TSLA as of the trade date March 16, 2026).

Coupon mechanics: for each $1,000 face amount the maximum incremental monthly coupon equals $6.25 (0.625% monthly) subject to prior payments; the minimum monthly coupon is $0.209. The estimated value at pricing was approximately $959 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited anti‑dilution protection.

GS Finance Corp. is offering market-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date of March 16, 2026, an original issue price of 100% of face, and a stated maturity date of March 21, 2033. The notes link to the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5) and pay, at maturity if not called, $1,000 plus an upside participation of 100% of the index return when the final index level is above the initial index level (initial index level: 112.30); if the final index level is equal to or below the initial level, the maturity payment is $1,000. The notes feature annual automatic calls if the index closing level equals or exceeds rising call levels; corresponding call premiums increase each year (first-year call level 101% / 19% premium, rising to sixth-year 106% / 114% premium). GS&Co. estimated the notes' trade-date value at $941 per $1,000 face, reflecting an $59 additional amount that declines to zero on July 15, 2026. The index uses daily rebalancing, a 5% realized volatility control, momentum risk controls and a deduction of 0.65% per annum, and may allocate substantial exposure to hypothetical cash positions. These notes do not pay interest and are subject to issuer/guarantor credit risk and tax rules for contingent payment debt instruments.

GS Finance Corp. offers $2,550,000 of S&P 500®-linked notes, guaranteed by The Goldman Sachs Group, Inc. The notes have an original issue price of 100% of face amount and may be automatically called on the call observation date if the underlier closes at or above the initial level, producing a fixed call payment of $1,130.10 per $1,000 face amount. If not called, the maturity payoff depends on the S&P 500® Index return with a 150% upside participation rate and an 80% trigger buffer; investors may lose their entire investment if the final level is below the trigger. Terms include no interest, a 1.5% underwriting discount, and original issue date March 19, 2026.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, with The Goldman Sachs Group, Inc. as guarantor. The notes pay a monthly coupon of $12.375 per $1,000 when the index on an observation date is ≥50% of the initial level, are callable monthly beginning March 2027, and mature expectedly on March 25, 2031 if not called. The underlier applies up to 500% leverage, a cap on daily leverage changes, and a fixed daily decrement of 6.0% per annum, which reduces index performance. Estimated initial model value is $885–$925 per $1,000 face amount on the trade date; purchaser payments and all amounts are subject to issuer and guarantor credit risk and to complex index rules and market-disruption adjustments.

GS Finance Corp. offers structured, buffered, auto-callable notes guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $5,010,000. The notes reference the Nasdaq-100 and S&P 500, carry no interest, and pay at maturity based on the lesser performing underlier.

The notes feature an upside participation rate of 250%, an 80% buffer level (buffer amount 20%), automatic call opportunities in 2027 and 2028 with cash call premiums of 12.4% and 24.8%, and a stated maturity of March 21, 2029. Credit risk is borne by the issuer and guarantor.

GS Finance Corp. proposes a series of callable, structured notes guaranteed by The Goldman Sachs Group, Inc. The notes link monthly coupons to the closing prices of four index stocks and may be automatically called beginning in March 2027. The trade date is expected to be March 27, 2026 and the stated maturity is expected to be April 3, 2031.

The coupon, if paid, is $8.167 per $1,000 face amount (0.8167% monthly, ~9.8% annualized). Coupons are paid only when the closing price of each index stock on a coupon observation date is at least 70% of its initial index stock price. If, on a call observation date, each index stock’s closing price is greater than or equal to its initial price, the notes are automatically redeemed at par plus the then-due coupon.

GS Finance Corp. is offering trigger autocallable contingent yield notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the lesser performing of the Russell 2000^® Index and the EURO STOXX 50^® Index and mature on March 21, 2031.

The notes pay quarterly contingent coupons set on the trade date (between $0.26625 and $0.27875 per $10 face amount, equivalent to up to 10.65%–11.15% per annum). They are automatically called starting on the first call observation date if each index is at or above its initial level. Coupon barrier is 70.00% and downside threshold is 60.00% of each index's initial level. Estimated value at pricing is between $9.75 and $9.99 per $10 face amount; original issue price is 100.00%.

Investors face full downside exposure to the lesser performing index at maturity, credit risk of GS Finance Corp. and Goldman Sachs, limited liquidity, and tax and foreign‑market risks. Minimum purchase is $1,000.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index‑Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and does not pay interest. The notes pay at maturity based on the S&P 500 closing levels from the trade date to the determination date and feature a 200% upside participation with a maximum settlement amount of $1,312. They include a 20% buffer (buffer level = 80% of initial) and a buffer rate of 125%; losses exceed the buffer and can result in a total loss of principal. 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 is 2% and net proceeds to issuer are 98% of face amount.

GS Finance Corp. is offering index-linked notes due 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices. For each $1,000 face amount, the cash payment at maturity will be $1,000 if the final level of any underlier is equal to or below its initial level; if both underliers finish above their initial levels, the payment will equal $1,000 plus the lesser performing underlier return, capped at $1,065. The notes pay no periodic interest. Key dates shown include a trade date of March 31, 2026, original issue date April 3, 2026, determination date March 31, 2027, and stated maturity date April 5, 2027. The pricing supplement warns that the original issue price exceeds the model-derived estimated value, that market liquidity is uncertain, and that payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.