Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers $1,000 face amount Leveraged S&P 500® Index-Linked Notes due April 30, 2027. The notes pay no interest and return at maturity depends on the S&P 500 performance from the March 27, 2026 trade date to the April 27, 2027 determination date.

If the final underlier level is above the initial level, investors receive $1,000 plus 300% of the underlier return capped at a $1,150 maximum settlement amount. If the final level is equal or below the initial level, holders lose 1% of face for each 1% decline and may lose their entire investment. The notes are senior debt of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; investors are exposed to issuer and guarantor credit risk.

GS Finance Corp. offers structured notes linked to NVDA, MRVL and MU with a fixed monthly coupon and an automatic call feature. The notes pay $14.584 per $1,000 face amount monthly (1.4584% monthly, ~17.5% per annum) and mature on the stated maturity date expected to be March 23, 2028 unless automatically called.

If not called, repayment at maturity depends on a trigger event: if the closing price of all three index stocks is below their initial prices on the determination date (expected March 16, 2028) and any index stock falls below 70% of its initial price, the cash settlement will be reduced pro rata based on the lesser performing stock. The estimated value at pricing is expected between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering Trigger Autocallable Notes linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a $10 face amount unit, an expected trade date of March 20, 2026, an original issue date of March 25, 2026 and an expected stated maturity date of March 25, 2031. The notes are automatically called on quarterly call observation dates if the index closing level is at or above the autocall barrier (set at 100.00% of the initial index level); call returns rise the longer the notes remain outstanding (annualized range 10.00% to 10.75%). If not called, repayment at maturity depends on the final index level versus a downside threshold of 75.00% of the initial index level; holders may lose up to their entire investment. Payments are unsecured and subject to the issuer’s and guarantor’s creditworthiness, and the estimated value at issuance is between $9.40 and $9.70 per $10 face amount.

GS Finance Corp. is offering non‑interest, principal‑linked notes tied to an equally weighted basket of CrowdStrike (CRWD), Palantir (PLTR) and Palo Alto Networks (PANW). The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer of 15%, an expected trade date of March 26, 2026, an expected original issue date of March 31, 2026, an expected call observation date of March 29, 2027 (call payment expected April 1, 2027) and an expected stated maturity date of March 30, 2028.

The notes pay at least $1,210 per $1,000 face amount if automatically called. If not called, maturity payoffs: full participation of 125% on positive basket returns; return of $1,000 if basket decline is within the 15% buffer; and pro rata losses beyond the buffer. Estimated initial model value is between $925 and $955 per $1,000 face amount; original issue price is 100% (underwriting discount 1.75%).

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 upside — a maximum settlement amount of at least $1,100.50 per $1,000 face amount if the final underlier level is greater than or equal to the buffer level (90% of the initial underlier level). If the final underlier level is below the buffer level, holders suffer losses: the payment falls in proportion to the underlier decline, with a buffer rate of approximately 111.11% that scales losses (you could lose your entire investment). Key dates: trade date March 20, 2026, original issue date March 25, 2026, determination date April 2, 2027, stated maturity date April 7, 2027. The notes are senior debt issued under GS Finance Corp.’s Medium-Term Notes, Series F program and are payable in cash; they do not confer shareholder rights in the underlier.

GS Finance Corp. is offering principal-at-risk, non-interest notes linked to an equally weighted basket of Amazon, Alphabet (Class C), Microsoft, NVIDIA and Tesla. The notes mature expected March 27, 2031 and may be automatically called on scheduled call observation dates beginning March 22, 2027.

For each $1,000 face amount at maturity you could receive $1,490 if the final basket level is >= the initial level (maturity premium 49%); $1,000 if the final basket level declines but remains >= 60% of the initial level (the trigger buffer); or an amount that falls below 60% of face if the final basket level is below that trigger (you could lose a substantial portion of principal). The estimated value on the trade date is between $850 and $890 per $1,000 face amount.

GS Finance Corp. is offering non-interest-bearing, principal-at-risk notes linked to an equally weighted basket of six stocks: Boeing, Constellation Energy, Eaton, KLA, L3Harris and MP Materials. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 15% (buffer level 85%) and an approximate buffer rate of 117.65%. The notes are callable if the basket closing level on the call observation date is >= initial level, producing a minimum cash redemption of $1,200 per $1,000 face amount (call payment date expected April 7, 2027); otherwise final payment at maturity (stated maturity expected March 23, 2028) depends on the basket return.

The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have an estimated value at pricing of approximately $900–$930 per $1,000 face amount, and do not pay dividends or interest. The product includes anti-dilution and market-disruption mechanics and may have limited secondary-market liquidity.

GS Finance Corp. prices autocallable, buffered 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 and a stated maturity date of March 23, 2028.

Key economic terms: a capped automatic call payment of at least $1,101 per $1,000 face amount if the S&P 500 closing level on the call observation date is ≥ the initial level; a threshold settlement amount of $1,202; an upside participation rate of 150%; and a buffer that protects losses up to 15% (buffer rate ≈ 117.65%). The estimated model value at pricing is between $900 and $930 per $1,000 face amount. 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., guaranteed by The Goldman Sachs Group, Inc., is offering callable, equity‑linked notes tied to the common stock of Intel Corporation. Each note has a $1,000 face amount, a quarterly coupon set between $30.625 and $33.125 (up to 12.25%–13.25% per annum), an expected trade date of March 27, 2026 and an expected stated maturity of March 30, 2029.

The notes are automatically called if the closing price of Intel on any call observation date is greater than or equal to the initial index stock price. At maturity, if not called, cash settlement equals $1,000 if the final index stock price is >= 50% of the initial price; if below 50%, the holder suffers a proportional loss (potentially receiving less than 50% of face). The estimated value at terms set is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering leveraged, non‑interest notes linked to the iShares® MSCI USA Quality Factor ETF (QUAL), with payment at maturity determined by the ETF return from the trade date to a determination date expected 23–26 months after the trade date. For each $1,000 face amount, holders receive cash equal to principal plus participation on any positive ETF return at a 300% upside participation rate, capped at a $1,232.5–$1,273 maximum settlement amount per $1,000. If the ETF return is zero or negative, payment equals principal plus the ETF return (which can result in partial or total loss of principal). The estimated value at pricing is between $950 and $980 per $1,000, and payments are subject to the issuer’s and guarantor’s credit risk and various market, tax and structural risks, including limited upside beyond the cap and potential unfavorable tax treatment.

The Goldman Sachs Group, Inc. is offering $65,000,000 of floating rate notes due March 19, 2029. The notes pay interest at compounded SOFR plus a 1.00% spread, floored at a 0.00% minimum, with quarterly payments beginning June 19, 2026.

Key commercial terms: trade date March 13, 2026, original issue date March 19, 2026, original issue price 100%, underwriting discount 0.1% and net proceeds to issuer 99.9%. GS&Co. is calculation agent and may make binding benchmark determinations; issuer may sell additional notes at different terms.

GS Finance Corp. is offering non‑interest bearing notes linked to the MSCI ACWI Index with a $1,000 face amount per note and an aggregate original face amount of $10,050,000. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity is March 16, 2029.

The notes pay at maturity based on the index return and whether a reset event occurs during the observation period ending September 14, 2026. The upside participation rate is 105%. Maximum settlement amounts are $1,400 per $1,000 if no reset event and $1,557.50 if a reset event occurs. If the final index level falls more than 15% from the initial level, the return is negative and you could lose your entire investment. The estimated value on the trade date was approximately $953 per $1,000. The issue price was 100% of face amount with an underwriting discount of 2.85%.

GS Finance Corp. offers indexed, non‑interest-bearing notes linked to the S&P 500® Index. The offering has an aggregate face amount of $1,208,000 and a per‑note face amount of $1,000. If the final index level on the September 13, 2030 determination date exceeds the initial level, each note will pay $1,000 plus the underlier return, capped at a $1,410 maximum settlement amount. If the final index level is equal to or below the initial level, holders receive the face amount only. The notes pay no periodic interest, are guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk.

Key dates include trade date March 13, 2026, original issue date March 18, 2026, determination date September 13, 2030, and stated maturity date September 18, 2030. For U.S. federal income tax purposes the issuer’s comparable yield is 4.71% with a projected payment at maturity of $1,237.00 on a $1,000 investment.

GS Finance Corp. is offering non‑interest structured notes linked to an equally weighted basket of seven stocks with a trade date of March 13, 2026, an original issue date of March 18, 2026, a call observation date of March 22, 2027 and a stated maturity of March 16, 2029.

If the basket closing level on the call observation date is ≥ the initial level (100), the notes are automatically called and pay $1,142.50 per $1,000 face amount on the call payment date. If not called, maturity payoffs depend on the basket return: positive returns pay $1,000 + $1,000×1.25×basket return; small negative returns (no worse than -35%) pay $1,000 + $1,000×|basket return|; returns below -35% produce $1,000 + $1,000×basket return, potentially reducing principal below 65% of face amount.

The estimated value at pricing was approximately $914 per $1,000 face amount. Original issue price is 100%, underwriting discount 2% (plus up to 0.8% structuring fee), and aggregate face amount offered was $2,028,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon notes with an aggregate face amount of $2,824,000. The notes pay a quarterly coupon of $17 per $1,000 face amount (1.7% quarterly, 6.8% annualized) only if each underlier closes at or above 55% of its initial level on the related coupon observation date.

At maturity (stated maturity March 18, 2031, determination date March 13, 2031), if not earlier redeemed, the cash settlement per $1,000 depends solely on the lesser performing underlier. If that underlier is below its trigger buffer level (55% of initial), the investor suffers a loss equal to the lesser performing underlier return times the face amount and could lose the entire investment. The company may redeem the notes, in whole but not in part, on coupon payment dates commencing September 18, 2026 through December 18, 2030. The original issue price is 100% of face amount; underwriting discount is 1.5% plus a structuring fee up to 0.6%, yielding net proceeds of 98.5% of face amount.

GS Finance Corp. priced $1,300,000 of Contingent Income Auto-Callable Securities linked to NVIDIA Corporation common stock. The securities pay a contingent quarterly coupon only if the underlying closing price on each coupon observation date is at or above a downside threshold of $90.125 (50.00% of the initial share price of $180.25), and they are automatically called if the underlying closing price on any call observation date is at or above the initial share price. At maturity, if the final share price is below the downside threshold, payment equals $1,000 × (final share price / $180.25), exposing investors to significant principal loss; if at or above the threshold, payment is $1,000 plus any final contingent coupon. Estimated value per security was $962 and the underwriter discount was 2.50%.

GS Finance Corp. offers capped, dual-index buffered notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement covers an aggregate face amount of $1,236,000 with a 125% upside participation rate, a $1,245 maximum settlement per $1,000 face amount, and a 75% buffer level. The notes reference the Dow Jones Industrial Average and the S&P 500, pay no interest, and settle in cash at maturity based on the lesser performing underlier. Trade date: March 13, 2026; original issue date: March 18, 2026; determination date: March 13, 2028; stated maturity date: March 16, 2028.

GS Finance Corp. is offering $7,500,000 aggregate face amount of buffered notes linked to the iShares® Expanded Tech-Software Sector ETF due April 14, 2027. The notes do not pay interest; payoff is determined by the ETF’s closing level from the initial level of $84.99 (set March 12, 2026) to the determination date.

If the final ETF level is ≥ 85% of the initial level you receive a capped $1,153.50 per $1,000 face amount. If the final level is below that threshold, losses apply with a buffer mechanic using a buffer rate of approximately 117.65%, and you could lose your entire investment. Estimated value on the trade date was approximately $977 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering $18,165,000 of Callable Fixed Rate Notes due 2030. The notes pay interest at $4.30% per annum from March 18, 2026 to March 18, 2030, payable each March 18 and September 18, beginning September 18, 2026.

The issuer may redeem the notes in whole, not in part, on each quarterly redemption date on or after March 18, 2028, at 100% of principal plus accrued interest with at least five business days’ prior notice. The initial price to public is 100% and underwriting discount is 0.997%, producing proceeds before expenses of $17,983,894.95. Settlement is scheduled in New York through DTC on March 18, 2026. Book-entry interests will be held through DTC. The notes are new securities with no established trading market and are not FDIC insured.

GS Finance Corp. offers $5,301,000 aggregate Autocallable Index-Linked Notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the March 15, 2027 observation date for $1,176 per $1,000 face amount if both underliers close at or above their initial levels (STOXX Europe 600: 595.85; S&P 500: 6,632.19).

If not called, maturity payoff depends on the lesser performing index: 200% upside participation if both indices finish above initial levels; return of $1,000 if the final level(s) remain at or above 75% of initial levels; and downside proportional to the lesser performing index if any index is below 75%. The pricing supplement shows an estimated value of approximately $940 per $1,000 face amount, an original issue price of 100%, an underwriting discount of 3.35%, and net proceeds to issuer of 96.65%.

GS Finance Corp. offers callable, non-interest notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected trade date of March 31, 2026, an expected original issue date of April 3, 2026, and an expected stated maturity date of April 5, 2033.

The notes are automatically called if the index closing level on any call observation date is >= 101% of the initial index level; if called, investors receive the face amount plus a specified call return (first call: 11%, later calls up to 71.5%). If not called, at maturity each $1,000 face amount pays $1,770 if the final index level is >= 101% of the initial index level, otherwise $1,000. The pricing supplement shows an estimated value at issuance of $885–$935 per $1,000 face amount.

Payments depend on index performance but remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The index applies a 0.65% per annum deduction (accruing daily) and may allocate a large portion to hypothetical cash positions, which can limit upside. Investors should read the Index Summary and Risk Factors for full details.

GS Finance Corp. priced autocallable buffered S&P 500® index-linked notes due March 20, 2031 (expected), guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face note pays $1,100 if automatically called on the call payment date following a call observation date where the S&P 500® is ≥ 105% of the initial level. If not called, maturity payoffs: participation of 183% on positive index returns; full return of principal if final index decline ≤ 10%; buffered downside beyond 10% with a buffer rate of ~111.11%, potentially resulting in a total loss. Estimated value at pricing is between $885 and $915 per $1,000 face amount. Pricing and secondary-market quotes reflect GS&Co.'s proprietary models, credit spreads and bid/ask spreads. Key trade date and observation dates are set on the trade date (expected March 17, 2026).

GS Finance Corp. is offering autocallable index-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry automatic quarterly calls if all three underliers close at or above their initial levels, and cap upside while exposing holders to significant downside if the lesser performing underlier falls below its 85% buffer level.

Key features: linked to the Nasdaq-100, Russell 2000 and S&P 500; a maturity date premium of 42.90%; buffer amount 15% with a 100% buffer rate; specified quarterly call premium steps (first call 14.3%, final listed call 39.325%). Payments are cash-settled and depend solely on the lesser performing underlier; purchasers bear the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Alphabet Inc. (Bloomberg: GOOGL UW), pay a contingent quarterly coupon of $30 per $1,000 (3% quarterly, up to 12.00% per annum) if the underlier is at or above 70% of the initial level on each coupon observation date, and are automatically called if the underlier is at or above the initial level on any call observation date. The trade date is March 18, 2026 and the original issue date is March 23, 2026. At maturity the cash settlement equals $1,000 if the final underlier level is at or above the 70% trigger buffer; otherwise the cash settlement equals $1,000 × underlier return, meaning an investor could lose up to 100% of their investment. The original issue price is 100% of face, underwriting discount 2%, net proceeds to issuer 98% of face. Pricing, final initial underlier level, and other terms will be set on the trade date; purchasers bear credit risk of the issuer and guarantor.

The offering describes GS Finance Corp. notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $1,312,000. The notes pay no periodic interest, have an upside participation rate of 100%, and are subject to an automatic call on annual observation dates if the index closes at or above rising call levels that carry specified call premiums. If not called, at maturity the cash payment per $1,000 face amount equals $1,000 plus the upside participation rate times the index return if the final index level exceeds the initial index level; otherwise the holder receives $1,000.

Key economic dates and figures shown include: trade date March 13, 2026, original issue date March 18, 2026, determination date March 13, 2034, stated maturity March 20, 2034, initial index level 112.22, estimated trade‑date value $900 per $1,000 face amount, original issue price 100%, underwriting discount 4.25%, and an additional amount of $57.5 that phases out by June 12, 2026. The notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both entities.

GS Finance Corp. is offering structured, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. linked to ADS of Taiwan Semiconductor Manufacturing Company Limited (5-for-1 ADS) and the common stocks of NVIDIA, Meta Platforms and Tesla. The notes mature on April 1, 2031 (expected) unless automatically called on observation dates beginning in March 2027. Monthly coupons per $1,000 face amount pay either a $8.459 maximum (if every index stock on the observation date is >= 80% of its initial price) or a $0.209 minimum. The trade date is expected to be March 25, 2026 and the original issue date is expected to be March 30, 2026. The estimated value at pricing is between $885 and $925 per $1,000 face amount, reflecting underwriting and costs.

GS Finance Corp. priced a structured note linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (SPAR4V6 Index). The notes pay a coupon of $12.50 per $1,000 (1.25% monthly, up to 15% per annum), mature on March 18, 2031, and may be automatically called on qualifying monthly observations commencing September 2026. A coupon is paid only if the SPAR4V6 Index closing level on a coupon observation date is ≥ 70% of its initial level (421.18); a trigger event at maturity occurs if both underliers close below their initial levels (421.18 for SPAR4V6; 6,632.19 for SPX). The SPAR4V6 Index can use up to 500% leverage, is subject to a 6.0% per annum daily decrement, and the issuer disclosed an estimated value of approximately $943 per $1,000 face amount on the trade date.

GS Finance Corp. is offering $17,785,000 of autocallable, buffered EURO STOXX 50® Index-linked notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on specified call observation dates beginning in March 2027 if the index closing level is ≥ 90% of the initial level of 5,716.61. If automatically called, holders receive $1,000 plus a call premium (table lists call premium amounts up to 49.4%). If not called, maturity payoff depends on the final underlier level on the determination date March 13, 2031: a capped maximum of $1,520 per $1,000 face amount if final level ≥ 90%; return of principal if final level is between 85% and 90%; and a downside exposure below the 85% buffer with a buffer rate of approximately 117.65%, potentially resulting in a total loss. The estimated value on the trade date was about $989 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. offers principal-at-risk, non‑interest notes linked to Meta Platforms, Inc. stock with an automatic call feature. The notes have a trade date of March 13, 2026, an original issue date of March 18, 2026, and a stated maturity of March 16, 2028.

If the notes are automatically called (call observation date March 29, 2027) and the closing price of Meta is ≥ the initial index stock price of $613.71, holders receive $1,210.50 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the final index stock price on the determination date March 13, 2028, with a threshold settlement amount of $1,421, a buffer at 85% of the initial price, and a buffer rate of ~117.65%. The estimated value on the trade date is approximately $972 per $1,000 face amount. The offering face amount was $2,626,000 aggregate at issuance; underwriting discount is 1.5% and net proceeds 98.5% of face amount. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering an aggregate $5,023,000 of Buffered Performance Leveraged Upside Securities (PLUS) linked to the EURO STOXX 50® Index. The PLUS pay at maturity on October 4, 2028 and provide 200.00% leveraged upside subject to a 15.00% buffer, a maximum payment of $1,347 per $1,000 and a minimum payment of $150 per $1,000. The pricing date is March 13, 2026 and the original issue date is March 18, 2026. Payments are unsecured, subject to issuer and guarantor credit risk, and the estimated value at issuance was approximately $961 per PLUS.

GS Finance Corp. offers contingent monthly-coupon, auto-callable notes guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, aggregate face amount of $1,119,000, trade date March 13, 2026, original issue date March 18, 2026, and stated maturity March 22, 2032.

Coupons of 1.2% monthly (up to 14.40% annually) are payable on each coupon payment date only if the closing level of each underlier (Micron, NVIDIA, Tesla) is at least 80% of its initial underlier level. The notes are automatically called on a call payment date if each underlier is at or above its initial level on the related call observation date; an automatic call pays the $1,000 face amount plus any coupon then due. The pricing supplement states an estimated value of $940 per $1,000 face amount and an additional amount of $18.75 that declines to zero on June 12, 2026. The issue price is 100% with an underwriting discount of 4.125% (net proceeds 95.875%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffer‑linked medium‑term notes tied to the S&P 500® Index. The offering covers an aggregate face amount of $34,884,000 in notes with a $1,000 face amount per note. The trade date is March 13, 2026, original issue date March 18, 2026, determination date March 29, 2027 and stated maturity date April 1, 2027.

The notes pay no interest and return at maturity depends on the S&P 500 closing level. If the final underlier level is ≥ the buffer level (85% of the initial level) the cash payment is capped at the maximum settlement amount of $1,081.50 per $1,000 face amount. If the final underlier level is below the buffer level, holders may incur losses: the structure reduces principal by approximately 1.1765% of face for each 1.00% decline below the buffer and could lose the entire investment. The original issue price is 100% of face, underwriting discount 1%, net proceeds 99% of face.

GS Finance Corp. is offering $8,225,000 in S&P 500®-linked buffer notes (guaranteed by The Goldman Sachs Group, Inc.). For each $1,000 face amount, the notes pay no interest and at maturity will deliver either a capped cash payment of $1,084 if the final S&P 500 level is greater than or equal to the buffer level (85% of the initial level), or a reduced cash amount tied to the underlier return if the final level is below the buffer level; losses can be up to the entire investment. The notes reference an initial underlier level of 6,672.62, trade date March 13, 2026, original issue date March 18, 2026, determination date March 29, 2027 and stated maturity date April 1, 2027.

GS Finance Corp. / The Goldman Sachs Group, Inc. priced an initial $5,000,000 offering of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the EURO STOXX 50® Index, with a pricing date of March 13, 2026 and a stated maturity of September 18, 2028.

Each $1,000 PLUS offers 200% leverage on positive index returns up to a maximum payment of $1,347.00 and provides a 15.00% buffer against initial losses; if losses exceed the buffer the investor absorbs declines 1% for each 1% beyond the buffer, subject to a minimum payment of $150.00. The issuer estimated the value per PLUS at approximately $964 and the underwriting discount is 3.00%.

GS Finance Corp. is offering $1,000,000 aggregate face amount of autocallable index-linked notes due March 20, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are callable on March 15, 2027 if three indices are each at least 90% of their initial levels, in which case each $1,000 face amount pays $1,160 on the call payment date. If not called, the maturity payout is driven solely by the lesser performing underlier on the determination date March 13, 2029: positive upside is 150% of that lesser underlier return if all are positive; full principal is returned if all final levels are at least 70% of initial levels; otherwise losses can exceed 30% and could result in a total loss of principal. The estimated model value at pricing was approximately $964 per $1,000 face amount.

GS Finance Corp. offers principal-at-risk, contingent coupon notes linked to the Russell 2000® Index, the Nasdaq-100 Technology Sector Index and the VanEck Semiconductor ETF. The notes mature expected March 25, 2032 and may be redeemed at issuer option on specified monthly coupon payment dates commencing September 2026. Monthly coupons of $16 per $1,000 (1.6% monthly, up to 19.2% per annum) are paid only if each underlier’s closing level on the observation date is ≥ 75% of its initial level. At maturity, if the lesser performing underlier’s final level is ≥ 60% of initial, principal is returned (no final coupon in some cases); if below 60%, payment is reduced pro rata by the lesser performing underlier return (investors can lose most or all principal). The estimated value at pricing is $885–$925 per $1,000 face amount, below issue price.

GS Finance Corp. is offering structured, principal-at-risk notes linked to the EURO STOXX 50 Index and the iSharesMSCI EAFE ETF. The offering aggregates $3,079,000 of face amount with a 295% upside participation rate, a $1,600 maximum settlement amount, no periodic interest, an initial issue price equal to face amount less a 1% underwriting discount, a 70% trigger buffer, a trade date of March 13, 2026, an original issue date of March 18, 2026, a determination date of March 13, 2029, and a stated maturity of March 16, 2029. At maturity the cash payment depends on the lesser performing underlier return: full principal if each final level is at or above its trigger buffer and below initial level; enhanced return up to the maximum settlement amount if both underliers finish above initial levels; or linear loss pro rata to the lesser performing underlier below the trigger buffer, potentially resulting in total loss of principal. The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and bear the credit risk of both entities.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.30% per annum from and including the expected original issue date of March 30, 2026 to but excluding the expected stated maturity date of March 30, 2035.

Interest is payable expected each March 30 and September 30, with the first payment expected on September 30, 2026. The notes are callable by the issuer, in whole but not in part, on expected quarterly redemption dates on or after March 30, 2028, at a redemption price equal to 100% of principal plus accrued and unpaid interest with at least five business days' prior notice. The notes will be issued in book-entry form through DTC and are subject to FATCA withholding.

GS Finance Corp. is offering index-linked notes due March 26, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes return is linked to the lesser performing of the Nasdaq-100 Index and the S&P 500, measured from an initial level set on March 16, 2026 to the determination date (expected March 19, 2029).

Key terms: the upside participation rate is 100%, the buffer is 25% (buffer level = 75% of initial levels), the cap is 143.55% of initial levels, and the maximum settlement amount is $1,435.5 per $1,000 face amount. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. offers $2,655,000 of S&P 500®-linked notes (guaranteed by The Goldman Sachs Group, Inc.) under a pricing supplement dated . The notes pay no interest, may be automatically called if the S&P 500 closing level on the call observation date is ≥ the initial level, and if called will pay $1,075 per $1,000 on the call payment date.

If not called, the cash settlement at the stated maturity depends on the S&P 500 performance: an upside participation rate of 202% applies if the final level exceeds the initial level; a 90% buffer level and 100% buffer rate govern downside outcomes. The notes do not bear interest, carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and were issued with a 2% underwriting discount (net proceeds 98% of face).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑at‑risk, S&P 500‑linked notes maturing September 18, 2031 (determination date September 15, 2031. For each $1,000 face amount, investors receive either the face amount if the final underlier level is equal to or below the initial level, or $1,000 plus the underlier return up to a $1,435 maximum settlement amount. The notes pay no periodic interest, the issue price is 100% of face with an underwriting discount of 3% (including a structuring fee up to 0.85%), and aggregate face amount initially offered is $1,414,000.

The notes are debt of GS Finance Corp. and subject to the issuer’s and guarantor’s credit risk; market liquidity is not assured and secondary sales may reflect commissions or dealer discounts. Tax treatment: the notes will be treated as contingent payment debt instruments with a disclosed comparable yield of 4.8375% and a projected payment at maturity of $1,305.83 based on a $1,000 investment.

GS Finance Corp. priced medium-term structured notes linked to the EURO STOXX 50® Index with a 10% buffer and capped upside. Each $1,000 note pays no interest and at maturity will pay the $1,126.50 maximum settlement if the final underlier level is at or above 90% of the initial level. If the final level is below 90%, investors lose 1% of face for each 1% decline below the buffer, exposing principal to substantial loss. Trade date was March 13, 2026, original issue date March 18, 2026, and stated maturity June 17, 2027. The notes were issued at 100% of face with a 0.35% underwriting discount and are guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. issues $9,519,000 of Contingent Income Auto-Callable Securities linked to Alphabet Inc. Class A, maturing March 16, 2029. These principal-at-risk unsecured notes, guaranteed by The Goldman Sachs Group, Inc., pay a contingent quarterly coupon of $25.75 per $1,000 when the underlying closing price on a coupon observation date is at or above the downside threshold of $181.368 (which is 60.00% of the initial share price of $302.28). If the securities are automatically called when the underlying closing price on a call observation date is at or above the initial share price, holders receive principal plus the coupon then due. If the final share price at maturity is below the downside threshold, repayment equals $1,000 multiplied by the share performance factor (final/initial), exposing holders to substantial or total principal loss. The estimated value at pricing was approximately $966 per security and the underwriting discount was 2.25%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. The notes pay, at maturity, for each $1,000 face amount either $1,000 (if the final underlier level is equal to or less than the initial level) or $1,000 plus the upside participation rate times the underlier return. The upside participation rate is 121%. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity date March 18, 2031 (determination date March 13, 2031, subject to adjustment).

The aggregate face amount initially sold is $457,000. Original issue price is 100% of face amount; underwriting discount is 0.7% and net proceeds to issuer are 99.3% of face amount. The notes are debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are exposed to issuer and guarantor credit risk. The pricing supplement discloses a comparable yield of 4.77% and a projected maturity payment of $1,270.06 per $1,000 for U.S. federal income tax accrual purposes.

GS Finance Corp. is offering $4,025,000 of medium-term, non‑interest bearing, buffered callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and may be automatically called on quarterly observation dates if each index is at or above its initial level. If not called, maturity pay depends solely on the lesser performing underlier with a 15% buffer (buffer level = 85%) and a capped maturity premium of 43.05%. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity March 20, 2029. The notes carry issuer and guarantor credit risk and may result in a substantial loss of principal if the lesser performing underlier falls below the buffer.

GS Finance Corp. is offering S&P 500®-linked, principal‑at‑risk callable notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement shows an aggregate face amount of $1,193,000 with an original issue price of 100% and a 0.75% underwriting discount. The notes pay no interest, have an upside participation rate of 110%, a 70% trigger buffer, an initial underlier level of 6,632.19, an automatic call observation on March 15, 2027 and a stated maturity of March 18, 2031. Payments at maturity (if not called) depend on the S&P 500 closing level on the determination date and can result in loss of some or all principal.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc. The offering consists of notes with a $1,000 face amount each (aggregate face amount $13,852,000 on the original issue date) that mature on April 15, 2027.

Principal at maturity depends on the performance of an equally weighted basket of six listed asset managers measured from the trade date (March 13, 2026) to the determination date (April 13, 2027). Investors receive 3x upside participation in positive basket returns subject to a cap level of 117.35% and a maximum settlement amount of $1,520.5 per $1,000 face amount; negative returns pass through 1:1. The notes pay no interest, are unsecured, carry issuer/guarantor credit risk, and had an estimated value of approximately $969 per $1,000 face amount on the trade date. The original issue price was 100% with 1.02% underwriting discount (net proceeds 98.98%).

GS Finance Corp. offers Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500®, the Russell 2000® and the EURO STOXX 50®. The notes pay quarterly contingent coupons (set on the trade date) of at least $0.325 per $10 face amount (up to 13.00% per annum) only if each index closes at or above its coupon barrier during each trading day of the preceding observation period.

The notes have a trade date expected on March 17, 2026, original issue date expected March 19, 2026, a determination date expected June 18, 2029 and a stated maturity date expected June 22, 2029. Coupon barriers are 70.00% and downside thresholds are 60.00% of each index’s initial level. If not redeemed and the final level of any index is below its downside threshold, holders receive an amount tied to the lesser performing index return and may lose up to 100% of principal; if all indices are at or above thresholds, holders receive face amount plus any final contingent coupon.

The issuer may redeem on any quarterly coupon payment date from June 2026 through March 2029. Estimated value at pricing is expected between $9.65 and $9.95 per $10 face amount; original issue price is 100.00% with an underwriting discount of 1.00% (net proceeds 99.00%). Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc..

GS Finance Corp. is offering callable, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index, due March 19, 2029. The notes pay, per $1,000 face amount, $1,000 plus 2.325× the index return if the final underlier level exceeds the initial level of 536.58. If the final level is between 80% and 100% of initial, the investor receives the $1,000 face amount. If the final level is below 80%, the payoff is reduced by the underlier return plus a 20% buffer, potentially producing substantial loss. The issuer may redeem on monthly call payment dates beginning March 18, 2027, with preset call premiums (ranging from 15% to 43.75%). Trade date is March 13, 2026 and original issue date is March 18, 2026. The estimated value at pricing was approximately $980 per $1,000 face amount; issue price was 100%, underwriting discount 0.75%, net proceeds 99.25%. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.