Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $550,000. The notes mature on March 18, 2032 and pay no interest.

At maturity the cash payment per $1,000 face depends on the underlier return: investors receive the greater of the threshold settlement amount $1,529.50 or $1,000 plus $1,000 times the underlier return if the final level is >= initial; if the final level declines up to the buffer amount 20% (to the buffer level 80%) the notes pay the absolute underlier return; declines beyond the buffer result in losses proportionate to the drop. Original issue price is $1,000 (100% of face); underwriting discount 4.3%.

GS Finance Corp. is offering $9,791,000 aggregate face amount of Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The securities trade on March 13, 2026 with an original issue date of March 18, 2026 and a stated maturity date of March 18, 2031. Key economic terms: initial index level 5,716.61, autocall barrier 100.00% of the initial level, upside gearing 2.00, downside threshold 75.00% of the initial level and call return 17.15%. The securities may be automatically called on March 22, 2027 with payment on March 25, 2027. Payments depend on index performance and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced Autocallable Buffered S&P 500® Index‑Linked Notes due March 16, 2028 with an aggregate face amount of $14,029,000. The notes pay no interest, carry an automatic call if the S&P 500 closing level on the call observation date (March 29, 2027) is at or above the initial level 6,632.19, producing a capped call payment of $1,098 per $1,000 face amount on the call payment date (April 1, 2027).

If not called, maturity payoff depends on final index performance on the determination date (March 13, 2028): upside participation is 100% with a $1,196 threshold, a 15% buffer (buffer level = 85% of the initial level) and a buffer rate of ~117.65%. The estimated value at pricing was approximately $973 per $1,000 face amount; original issue price was 100% and underwriting discount was 1.5%. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured notes (aggregate face amount $300,000) linked to the S&P 500® Futures Excess Return Index. The notes pay no interest, have an automatic call feature on March 15, 2027 that would deliver $1,180 per $1,000 face amount if the underlier closes at or above the initial level, and mature on March 17, 2033.

The notes use a 200% upside participation rate for positive returns and a 70% trigger buffer level; if the final underlier level is below the trigger buffer, repayment at maturity equals $1,000 plus $1,000 × the underlier return, which could result in a total loss of principal. The notes are cash-settled, guaranteed by The Goldman Sachs Group, Inc., issued at 100% of face with an underwriting discount of 0.8%.

GS Finance Corp. offers buffer-linked, principal-at-risk notes totaling $17,872,000 under a pricing supplement dated March 13, 2026. Each $1,000 note pays no interest and will settle in cash at maturity on April 1, 2027 (determination date March 29, 2027), with payoff tied to the S&P 500 Index.

If the final index level is >= the buffer level (90% of the initial level), each note returns the capped maximum settlement amount of $1,096. If the final index level is below the buffer level, investors lose approximately 1.1111% of face amount for each 1% decline below the buffer and could lose their entire investment. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. and priced at 100% of face amount (1% underwriting discount).

GS Finance Corp. offers callable structured notes tied to GOOG, NVDA, META and TSLA with a stated maturity of March 20, 2031. The notes pay a monthly coupon that is either a $7.834 maximum or a $0.209 minimum per $1,000 face amount depending on whether each index stock meets an 80% trigger of its initial price. The notes are subject to automatic redemption on observation dates beginning March 2027 if each index stock is at or above its initial price; if called you receive the face amount plus the coupon. The aggregate face amount on original issue is $2,346,000, original issue price is 100%, underwriting discount is 4%, and net proceeds are 96%. The estimated value at pricing was approximately $941 per $1,000 face amount. Payments depend on issuer and guarantor credit and the calculation agent (GS&Co.) has broad discretion over pricing, observation dates and anti-dilution adjustments.

GS Finance Corp. offers principal-at-risk, autocallable notes linked to a 7-stock equally weighted basket. The original issue aggregates $2,879,000 of face amount and the notes mature on March 16, 2029 unless automatically called on March 22, 2027. Each $1,000 face amount pays $1,187.50 if the basket closing level on the call observation date is at or above the initial level of 100. If not called, maturity payoffs depend on the basket return: positive returns receive 125% upside participation; modest declines (down to −35%) convert to a positive absolute return; declines beyond −35% produce proportional losses, potentially below 65% of face amount. The estimated value on the trade date was approximately $934 per $1,000. Payments depend on GS Finance Corp.'s and The Goldman Sachs Group, Inc.'s creditworthiness and calculations by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. offers non‑interest bearing, principal‑at‑risk notes linked to an equally weighted basket of Bank of America, Capital One, Morgan Stanley and Wells Fargo common stock. The notes mature on March 16, 2028 with an automatic call observation date of March 29, 2027. The issue price is 100% of face and the underwriting discount is 1.5%; aggregate face amount on original issue date is $10,742,000. Key economics: 125% upside participation, a 15% buffer (buffer level = 85% of initial level) and capped automatic call payment of $1,199.50 per $1,000 face if called. Estimated value on the trade date is approximately $963 per $1,000 face. Payments at maturity depend on basket return as measured on the determination date (March 13, 2028); holders bear issuer and guarantor credit risk.

GS Finance Corp. priced $9,494,000 of Auto‑Callable Dual Directional Trigger PLUS notes linked to the iShares Bitcoin Trust ETF (IBIT). The notes pay $1,323 per $1,000 (a 32.30% fixed call payment) if IBIT closes at or above the initial price of $40.37 on the call observation date. If not called, maturity payoffs depend on IBIT performance: a 150.00% leveraged upside above the initial price, a capped positive return for moderate declines down to the downside threshold of $30.2775 (75.00% of the initial price), or a 1:1 loss below that threshold. Pricing date was March 13, 2026, original issue date March 18, 2026, call observation date March 22, 2027, valuation date March 31, 2028, and stated maturity April 5, 2028. Estimated model value was approximately $950 per $1,000 principal. These are unsecured, principal‑at‑risk notes guaranteed by The Goldman Sachs Group, Inc., and involve significant cryptocurrency and issuer credit risks.

GS Finance Corp. is offering structured notes linked to the EURO STOXX 50® Index. The notes have an aggregate face amount of $2,839,000, an upside participation rate of 150% and a trigger buffer of 80%. They pay no interest and may be automatically called on the call observation date if the underlier is at or above the initial level; in that event the issuer will pay $1,176.50 per $1,000 face amount on the call payment date. If not called, maturity payment depends on underlier performance and can result in a total loss of principal when the final underlier level is below the trigger buffer. Key dates include trade date March 13, 2026, original issue date March 18, 2026, call observation date March 15, 2027, call payment date March 18, 2027, determination date March 13, 2029 and stated maturity date March 16, 2029. The notes are senior debt of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; payments are cash-settled and subject to issuer and guarantor credit risk.

GS Finance Corp. prices $5,559,000 of Trigger Jump Securities due July 6, 2027, guaranteed by The Goldman Sachs Group, Inc. The securities pay no interest and return per $1,000 at maturity is tied to the iShares Expanded Tech-Software Sector ETF performance from the March 13, 2026 pricing date to the June 30, 2027 valuation date, subject to adjustment. If the final ETF price is >= the initial ETF price ($84.19) holders receive $1,258.00 per $1,000 (the $1,000 principal plus a $258 upside payment, 25.80%). If the final ETF price is < the initial price but >= the downside threshold ($71.5615, 85.00% of initial), holders receive $1,000. If the final ETF price is < the downside threshold, holders suffer a 1:1 loss in principal (no minimum payment), potentially losing the entire investment. Original issue price was 100% with a 2.25% underwriting discount; net proceeds to issuer were $5,433,922.50.

GS Finance Corp. is offering structured, S&P 500®-linked buffer notes with an aggregate face amount of $1,124,000. The notes pay no interest and will mature on June 17, 2027 (determination date June 14, 2027). For each $1,000 face amount, holders receive a cash settlement that is capped at a maximum settlement amount of $1,118 if the final underlier level is greater than or equal to the buffer level (90% of the initial level). If the final underlier level is below the buffer level, the payoff falls dollar-for-dollar: investors lose 1% of face amount for each 1% the S&P 500 declines below the buffer, subject to the formula in the pricing supplement. Trade date: March 13, 2026; original issue date: March 18, 2026. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer’s and guarantor’s credit risk. Purchase price was 100% of face amount (underwriting discount 0.35%, net proceeds 99.65%).

GS Finance Corp. offers Market Linked Securities (auto-callable) with a $1,000 face amount per security and an original offering totaling $14,272,000. Priced on March 13, 2026, the securities mature on September 18, 2029 and pay a contingent coupon of $8.50 per $1,000 (equivalent to 10.20% per annum) monthly only if the lowest performing underlier meets a coupon threshold.

The return is linked solely to the lowest performing of three underliers (the Dow Jones Industrial Average, the Russell 2000 and the State Street Technology Select Sector SPDR ETF), with both the coupon threshold and downside threshold equal to 70% of each underlier’s starting value. If not auto-called, principal at maturity depends on the lowest performing underlier and can result in loss of more than 30% or total loss. Estimated value at pricing was approximately $960 per $1,000 face amount; proceeds to issuer were $976.75 per security.

GS Finance Corp. is offering principal-at-risk notes linked to the EURO STOXX 50® Index. Each note has a $1,000 face amount and pays at maturity based on index performance from the trade date to the determination date. The notes have no periodic interest.

If the final underlier level is above the initial level, the holder receives $1,000 + $1,000 × 141.8% of the index return. If the final level is at or above 90% of the initial level, the holder receives the face amount. If the final level is below 90%, losses are incurred pro rata and holders may lose a substantial portion of their investment. Trade date was March 13, 2026, stated maturity March 16, 2029, aggregate face amount $4,398,000. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices and guaranteed by The Goldman Sachs Group, Inc. The securities have an initial basket level of 100, a 10.00% buffer, an autocall barrier at 100.00%, an expected upside gearing between 1.80 and 2.015, and a call return of 11.00%. Trade date is expected March 27, 2026, original issue date March 31, 2026, call observation date expected April 5, 2027, and determination date expected March 27, 2029.

The securities pay no coupons, may be automatically called (limited to the call return if called), provide contingent repayment at maturity subject to the buffer, and are unsecured obligations subject to issuer and guarantor credit risk. The estimated value on the trade date is between $9.30 and $9.60 per $10 face amount; original issue price is $10 with a 2.50% underwriting discount.

GS Finance Corp. is offering callable, contingent‑coupon notes backed by a guarantee from The Goldman Sachs Group, Inc., with an aggregate face amount of $32,903,000. The notes pay a monthly contingent coupon of 0.8792% (up to ~10.55% annually) when both underliers meet 80% trigger thresholds and may be automatically called if both underliers reach their initial levels on a call observation date. At maturity the cash settlement depends solely on the lesser performing underlier and includes a 20% buffer; significant principal loss is possible if the lesser performing underlier falls below the buffer level. The trade date is March 13, 2026 and the stated maturity date is March 16, 2029.

GS Finance Corp. offers structured notes (medium-term) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an $1,001,000 aggregate face amount. The notes pay no interest, include an annual automatic call if the index closes at or above 100.5% of the initial level, and mature on March 18, 2031. If not called, maturity payment is either principal only (if index return ≤ 0) or $1,000 plus participation at a 100% upside rate on positive index return, subject to index deductions and a 0.65% annual fee. The pricing supplement discloses an estimated trade-date value of $937 per $1,000 face amount and an underwriting discount of 1.375%.

GS Finance Corp. offers principal-protected contingent notes linked to the S&P 500® Index under a Pricing Supplement dated March 13, 2026. The offering has an aggregate face amount of $21,677,000, an upside participation rate of 242.2% and a buffer level of 90%.

If the notes are automatically called on the call observation date, each $1,000 face amount pays $1,100 on the call payment date. If not called, the cash settlement at maturity depends on the final index level: investors may receive principal, an upside-based payment, or suffer substantial losses down to a total loss of principal per the buffer mechanics. The notes pay no interest and are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc. The offering price is 100% of face amount with an underwriting discount of 1.5%.

GS Finance Corp. offers structured, non‑interest notes linked to an equally weighted 8‑stock basket, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount initially totaling $1,587,000 and mature on March 16, 2028, with an automatic call if the basket closing level on the call observation date (March 29, 2027) is at or above the initial basket level of 100. If called, each $1,000 face amount pays $1,202 on the call payment date (April 1, 2027). If not called, maturity payment depends on the final basket level on the determination date (March 13, 2028) with an upside participation rate of 125% and a 15% buffer (buffer level = 85%; buffer rate ≈ 117.65%), producing different cash settlement outcomes described in the supplement. The notes pay no interest, carry issuer and guarantor credit risk, and had an estimated value on the trade date of approximately $948 per $1,000 face amount versus an original issue price of 100% (underwriting discount 1.5%, net proceeds 98.5%). Key risks include limited anti‑dilution protection, possible large principal loss if the final basket level is below the buffer, limited secondary market liquidity, and calculation agent discretion vested in Goldman Sachs & Co. LLC.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due (expected) September 21, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100 indices with initial levels set on March 16, 2026.

The notes may be automatically called on observation end dates commencing in June 2026 through June 2028. Each quarterly coupon equals $35 per $1,000 (a 3.5% quarterly, up to 14% annually) only if each index is >= 70% of its initial level on every trading day during the quarterly observation period. At maturity (if not called) the cash payment depends solely on the lesser performing index: full principal if that index is >= 60% of initial, otherwise a proportionate loss (e.g., a final index at 25% pays 25% of face).

The estimated value at pricing is between $925 and $955 per $1,000 face amount, which is below the original issue price. Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. issues S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is tied to the S&P 500 (SPX Index) performance measured from the trade date to the determination date, subject to adjustment.

Key economics (per $1,000 face amount): maximum cash at maturity of $1,100; a trigger buffer level expected to be at most 77.95% of the initial underlier level (trigger buffer amount 22.05%); trade date March 20, 2026; original issue date March 25, 2026; determination date April 2, 2027; stated maturity date April 7, 2027. If final underlier ≥ initial level, payment = $1,000 + ($1,000 × underlier return) capped at $1,100. If final underlier declines but remains ≥ trigger buffer, payment = $1,000 + ($1,000 × absolute underlier return). If final underlier < trigger buffer, investors suffer losses equal to the underlier return times $1,000 and could lose their entire investment.

GS Finance Corp. is offering structured autocallable notes with an aggregate face amount of $582,000 maturing on March 16, 2029, linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited (5-for-1 ADS), the common stock of RTX Corporation, and the common stock of NVIDIA Corporation.

Coupons of 1.0834% per month (product of $10.834 per $1,000 face) are paid only when the closing price of each index stock on an observation date is at least 55% of its initial price; notes are automatically called if, on any call observation date, each index stock closes at or above its initial price. At maturity, if a trigger event occurs (each final index stock price below its initial price), payment is based on the lesser performing index stock return and may be substantially less than the face amount.

GS Finance Corp. is offering structured notes with payments tied to the Class A common stock of Palantir Technologies, and the common stocks of Tesla, NVIDIA and Broadcom. The notes mature on March 20, 2031 but may be automatically called on quarterly call observation dates beginning March 2027 if the closing price of each index stock is at or above its initial index stock price.

Coupons are paid monthly based on coupon observation dates: if each index stock's closing price is ≥ 70% of its initial price the coupon is $6.75 per $1,000; otherwise the minimum coupon is $0.209 per $1,000. Trade date is March 13, 2026; original issue date is March 18, 2026. The prospectus shows an estimated value of approximately $939 per $1,000 face amount and an original issue price of 100% with an underwriting discount of 3.75%.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of DexCom, Inc. The notes have a $10 face amount, a contingent quarterly coupon of at least $0.27125 per $10 (about 10.85% per annum at the top of the stated range), and an initial underlying stock price set at $66.34 on the strike date. The coupon barrier and downside threshold are each 50% of the initial price. Observation dates are quarterly beginning June 16, 2026, the determination date is expected to be March 16, 2027, and stated maturity is expected to be March 19, 2027. If the stock closes at or above the initial price on any observation date the notes will be automatically called, paying the face amount plus the contingent coupon then due. If not called, principal repayment at maturity is contingent: if the final price is below the downside threshold holders suffer a loss equal to the underlying stock return and may lose their entire investment. Payments are unsecured and subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $ Buffered Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide payoff based on the performance of Constellation Energy Corporation stock (ticker CEG UW) from the trade date March 20, 2026 to the determination date April 2, 2027, with a 25% buffer (buffer level = 75% of the initial level) and a buffer rate of approximately 133.33%. If the final underlier level is at or above the buffer level, holders receive a capped maximum settlement amount of at least $1,198 per $1,000 face amount; if below the buffer level, holders lose approximately 1.3333% of face for each 1% decline below the buffer and could lose their entire investment. The notes mature on April 7, 2027, are issued at 100% of face, carry a 1% underwriting discount, and are subject to the issuer's and guarantor's credit risk and limited secondary-market liquidity.

GS Finance Corp. offers $409,000 of medium‑term, cash‑settled notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.084 per $1,000 (0.8084% monthly, up to ~9.70% per annum) only when both underliers close at or above 70% of their initial levels on observation dates. The underliers are the Russell 2000® (initial 2,480.051) and the S&P 500® (initial 6,632.19).

If any call observation date shows both underliers at or above their initial levels, the notes are automatically called at $1,000 plus any coupon. If not called, maturity payment depends on the lesser performing underlier: if that underlier is below 70% of its initial level the maturity principal is reduced proportionally (you could lose your entire investment). Trade date: March 13, 2026; original issue date: March 18, 2026; determination date: March 13, 2028; stated maturity: March 16, 2028.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call payment date if the underlier's closing level on the call observation date is greater than or equal to the initial level; an automatic call pays $1,100 per $1,000 face amount. If not called, the cash settlement at maturity depends on the S&P 500® performance: upside participation is 200%, there is an 80% buffer level and a buffer rate of 125%. The trade date and original issue date are March 26, 2026 and March 31, 2026, with a determination date of April 26, 2030 and a stated maturity date of May 1, 2030.

GS Finance Corp. is offering $4,980,000 of contingent quarterly coupon notes linked to the common stock of GE Vernova Inc. The notes pay a contingent quarterly coupon if the underlier is at or above a coupon trigger level of 75% of the initial underlier level, and they may be automatically called if the underlier is at or above the initial level on a call observation date. Payments at maturity are cash-settled and subject to a 75% buffer level and a buffer rate of approximately 133.33%; investors may lose their entire investment if the final underlier level is sufficiently low. Trade date: March 13, 2026; original issue date: March 18, 2026; stated maturity date: April 1, 2027. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $12,753,000 of Contingent Income Auto-Callable Securities linked to Palantir Technologies Inc. Class A common stock. The notes mature on March 16, 2029, carry an initial share price of $150.95 and a downside threshold of $75.475 (50.00%). Coupons are contingent: each coupon equals the product of $44.50 times the number of coupon observation dates to date less prior coupons, paid only if the underlying closing price on a coupon observation date is at or above the downside threshold. The notes are auto-callable if the underlying closing price on any call observation date is at or above the initial share price; auto-call triggers payment of $1,000 plus the then-due contingent coupon. If the final share price is below the downside threshold, principal at maturity equals $1,000 multiplied by the share performance factor (final/initial), risking substantial or total loss. Estimated model value at pricing was approximately $967 per security; original issue price was 100% with a 2.25% underwriting discount.

GS Finance Corp. is offering structured medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $253,000) pay no interest and have returns linked to the State Street SPDR S&P 500 ETF Trust (SPY) performance from March 11, 2026 to the determination date.

Key economics: 120% upside participation, a $1,610 maximum settlement per $1,000 face, a 20% buffer (buffer level = 80% of initial underlier), trade date March 13, 2026, original issue date March 18, 2026, determination date July 1, 2030, and stated maturity July 5, 2030. The notes are cash‑settled and you may lose a substantial portion of principal if the final underlier level is below the buffer.

GS Finance Corp. is offering autocallable, non‑interest bearing notes linked to the S&P 500® Index with an upside participation rate of 150% and a trigger buffer level of 80%. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026, an expected call observation date of April 2, 2027 (call payment date April 7, 2027), and an expected stated maturity date of March 23, 2028.

If the closing level of the index is ≥ the initial level on the call observation date the notes will be automatically redeemed for at least $1,112.50 per $1,000 face amount. If not called, maturity payments depend on index performance: positive returns pay 150% of the index return, declines up to 20% produce the absolute positive return, and declines below 20% produce a negative payoff (investors can lose up to their entire investment). The estimated value at terms set is between $900 and $930 per $1,000 face amount. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $1,672,000 aggregate Principal-at-Risk PLUS tied to the EURO STOXX 50® Index. These unsecured notes, guaranteed by The Goldman Sachs Group, Inc., pay at maturity based on index performance from the March 13, 2026 pricing date to the June 30, 2027 valuation date, maturing on July 6, 2027. Investors receive 300% of any index appreciation up to a $1,241 cap per $1,000 principal; losses occur 1:1 for index declines and there is no minimum payment. The original issue price is 100% of principal; estimated value was approximately $961 per PLUS.

GS Finance Corp. is offering market‑linked, auto‑callable medium‑term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the common stock of NVIDIA Corporation. The securities have a starting price of March 13, 2026 pricing with a starting price of $180.25, a stated maturity of March 16, 2029, and an original offering price of $1,000 per security.

The notes pay a contingent quarterly coupon of $34.25 per $1,000 (equivalent to 13.70% per annum) only if the underlying stock closing price on a calculation day is at or above the coupon threshold (set at 60% of the starting price). The securities are auto‑callable if the stock closing price on a call date is at or above the starting price; if not called, repayment at maturity depends on the ending price relative to the downside threshold (also 60% of the starting price), exposing holders to full downside from the starting price and potential loss of more than 40% of principal.

Estimated value at pricing was approximately $962 per $1,000 face amount; payments remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering equity-linked, non‑interest notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of six stocks, mature March 16, 2028, and have an automatic call observation date of March 29, 2027. If the basket closing level on the call observation date is at or above the initial level (100), each $1,000 face amount will be redeemed for $1,203.50 on the call payment date. If not called, maturity payoffs depend on the basket return: positive returns receive 125% upside participation; returns between 0% and down to -15% return principal ($1,000); returns below -15% produce reduced principal using a buffer rate ≈117.65%. The original issue price is 100%, underwriting discount 1.5% and net proceeds 98.5%. The estimated value at pricing was approximately $949 per $1,000 face. Payments are subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑Linked Notes due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity based on the S&P 500® Futures Excess Return Index performance from the March 20, 2026 trade date to the March 20, 2031 determination date.

Key economic terms set on the trade date include an upside participation rate of 185% and a trigger buffer level equal to 50% of the initial underlier level. If the final underlier is at or above the trigger buffer level but not higher than the initial level, holders receive the face amount; if the final underlier exceeds the initial level, holders receive $1,000 plus the upside participation rate times the underlier return; if the final underlier is below the trigger buffer level, holders suffer proportional losses and could lose their entire investment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is pricing contingent income callable securities due March 23, 2028. The notes pay a contingent quarterly coupon (set at $38.50 per $1,000 hypothetically) only if each of the S&P 500®, Russell 2000® and EURO STOXX 50® closes at or above 75.00% of its initial index value on every index business day during the applicable quarterly observation period. The issuer may redeem the notes at 100% of principal on coupon dates from June 25, 2026 through December 23, 2027. Estimated initial model value is in the range $925 to $985 per $1,000; underwriting discount is 2.00% and net proceeds to the issuer are 98.00%.

GS Finance Corp. offers structured, autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026 and an expected stated maturity of March 25, 2031. Coupons of $13.334 per $1,000 face amount (1.3334% monthly, roughly ~16% per annum) are paid on a coupon observation date only if the index closing level is at or above 60% of the initial underlier level. The notes will be automatically called on any call observation date (June 2026–February 2031) if the index closing level is greater than or equal to the initial underlier level; a call returns principal plus that period's coupon. The underlier applies daily leverage (up to 500%), a cap on daily leverage change (100%), and a fixed daily decrement equivalent to 6.0% per annum, each of which can materially reduce returns. The dealer-estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed medium-term notes linked to the S&P 500® Index that mature on April 1, 2027. Payment at maturity depends on the underlier performance from the initial level set on March 12, 2026 through the determination date. If the final underlier level is greater than or equal to the buffer level (90% of the initial level), each $1,000 face amount pays the capped maximum settlement amount of $1,100. If the final underlier level is below the buffer level, the notes decline by approximately 1.1111% of face amount for every 1% decline below the buffer, potentially resulting in loss of the entire investment. The notes pay no interest, carry the issuer and guarantor credit risk of Goldman Sachs, and were initially issued at 100% of face amount with a 1% underwriting discount (net proceeds 99%). Pricing supplement dated March 13, 2026.

GS Finance Corp. offers $12,676,360 aggregate face amount of Buffer Autocallable GEARS linked to the S&P 500® Index due March 15, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes feature an autocall on March 22, 2027 (call payment March 25, 2027), an upside gearing of 1.901, a 10.00% buffer (downside threshold 90.00% of initial level), and a call return of 8.00%. The securities are unsecured, non-interest bearing, may be automatically called, and payments depend on the issuer and guarantor creditworthiness.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with a 150% upside participation rate, a 10% buffer (buffer level 90%) and a capped cash payout (maximum settlement amount) of $1,212.70 per $1,000 face amount. The trade date is March 19, 2026, the original issue date is March 24, 2026, the determination date is September 20, 2027 and the stated maturity date is September 23, 2027. If the final underlier level is at or above the buffer level but not above the cap, holders receive principal; above certain upside thresholds holders receive leveraged upside subject to the cap; below the buffer holders suffer pro rata principal loss.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of JPMorgan Chase & Co. and pay a contingent quarterly coupon of $23.75 per $1,000 (up to 9.50% annually) when the underlier is at or above 70% of its initial level on observation dates.

The notes feature an automatic call if the underlier is at or above the initial level on any call observation date, principal protection only if the final underlier level is at or above a 70% trigger buffer, and potential full loss of principal if the final underlier level is below the trigger buffer. Trade date is March 18, 2026 and original issue date is March 23, 2026.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, non‑interest bearing notes linked to the Class A common stock of Toast, Inc. The notes are expected to have an original issue price of 100%, an expected maturity of March 22, 2029 and an expected automatic call if the index stock closes at or above the initial index stock price on the call observation date (expected March 26, 2027), yielding $1,375 per $1,000 face amount on the call payment date (expected March 31, 2027).

If not called, maturity payoff depends on the index stock return from the trade date (expected March 19, 2026) to the determination date (expected March 19, 2029): upside participation rate is 150%; a buffer protects principal for declines up to 40% (trigger buffer price = 60% of initial price); declines beyond 40% result in proportionate losses and could eliminate the principal. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

The issuer, GS Finance Corp., is offering Market Linked Securities—Auto-Callable with a contingent coupon and contingent downside principal linked to the common stock of Tesla, Inc. The securities have a $1,000 face amount per security and an aggregate original offering face amount shown as $882,000. The securities pay a quarterly contingent coupon of $35.625 per $1,000 (a 14.25% per annum equivalent) only if the stock closing price on each calculation day is at or above the coupon threshold (60% of the starting price). If any quarterly calculation day meets or exceeds the starting price, the securities are automatically called for face amount plus accrued contingent coupons. If not called, at maturity the investor receives $1,000 if the ending price is at or above the downside threshold (also 60% of the starting price); if the ending price is below that threshold, the maturity payment equals $1,000 × (ending price / starting price), exposing holders to more than a 40% loss and possibly a total loss. The estimated model value on the pricing date was approximately $958 per $1,000 face amount, below the original offering price.

GS Finance Corp. is offering autocallable S&P 500® index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, include an automatic call feature that would pay $1,100 per $1,000 if the index is at or above its initial level on the call observation date, and offer an upside participation rate of at least 205% with a 15% buffer (buffer level: 85%). Trade date is March 20, 2026, original issue date March 25, 2026, determination date March 20, 2028, stated maturity March 23, 2028, call observation date April 2, 2027, and call payment date April 7, 2027. Original issue price is 100% of face amount; underwriting discount 1.5%; net proceeds to issuer 98.5%. The notes are cash‑settled and may result in the loss of the entire investment if the final underlier level falls below the buffer level.

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 cash payoff tied to the S&P 500 measured from the trade date to the determination date.

The notes feature a buffer level of 85% (i.e., a buffer amount of 15% and a buffer rate of approximately 117.65%). If the final underlier level is ≥ the buffer level, holders receive a capped maximum settlement amount of at least $1,085 per $1,000 face amount. If the final underlier level is below 85%, losses are amplified by the buffer rate and investors can lose up to their entire investment. Trade date is March 20, 2026, original issue date March 25, 2026, determination date April 2, 2027, and stated maturity date April 7, 2027. The notes were offered at an original issue price equal to 100% of face amount with a 1% underwriting discount.

GS Finance Corp. is offering $1,906,000 aggregate face amount of Market‑Linked Notes linked to the S&P 500® Index due March 16, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity either the face amount or a positive return equal to the index return times a 100% participation rate up to a 73.00% cap (maximum settlement amount $1,730.00 per $1,000 face). The trade date is March 13, 2026 and original issue date is March 17, 2026. The original issue price is 100.00% with an underwriting discount of 3.50%, net proceeds of 96.50% of face, and an estimated value at issuance of approximately $948 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and its guarantor. Purchasers bear limited upside due to the cap, no periodic interest, potential limited secondary market liquidity, and specific U.S. federal tax treatment as contingent payment debt instruments (comparable yield 5.0288%).

The Goldman Sachs Group, Inc. is issuing fixed rate senior notes. The pricing supplement shows an aggregate principal amount of $3,000,000 of 10-year notes issued at 100% of principal with an interest rate of 5.00% per annum, payable annually, and a stated maturity date of March 17, 2036.

The original issue price, underwriting discount and net proceeds are listed as 100%, 0.75% and 99.25% of the principal amount, respectively. The notes will be issued in book-entry form, will not be listed, and are subject to the terms of the senior debt indenture with The Bank of New York Mellon as trustee.

GS Finance Corp. is offering $16,652,700 aggregate face amount of Trigger Autocallable GEARS linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. The trade date is March 13, 2026 and original issue date is March 17, 2026.

Key economic terms include an initial basket level of 100, upside gearing of 2.085, a downside threshold of 75.00%, an autocall barrier of 100.00%, and a call return of 13.00%. If automatically called on the March 22, 2027 observation, holders receive $10 plus the call return; final settlement (determination date March 13, 2031, maturity March 17, 2031) depends on the final basket level.

The pricing supplement states an estimated value of approximately $9.53 per $10 face amount on the trade date; original issue price is 100.00% of face and underwriting discount is 2.50%. The document warns investors they may lose all or a significant portion of their investment and that the contingent repayment of principal applies only at maturity; payments are subject to issuer and guarantor creditworthiness.

The Goldman Sachs Group, Inc. is offering $7,902,000 aggregate principal of Callable Fixed Rate Notes due March 17, 2030. The notes pay interest at 4.30% per annum from and including the original issue date March 17, 2026, payable each March 17 and September 17, beginning September 17, 2026.

The notes are callable by the issuer in whole (not in part) on each redemption date — March 17, June 17, September 17 and December 17 on or after March 17, 2028 — at a redemption price equal to 100% of principal plus accrued interest with at least five business days’ notice. The offering settles and will be delivered against payment in New York on March 17, 2026.