Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. is offering autocallable, contingent-coupon equity-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of UnitedHealth Group Incorporated (ticker UNH) and pay a contingent monthly coupon of 1.1292% ($11.292 per $1,000) when the underlier meets the coupon trigger level of 68% of the initial level. The notes are subject to the automatic call feature if the underlier’s closing level on a call observation date is greater than or equal to the initial underlier level; an automatic call returns $1,000 plus any coupon then due. If not called, the maturity cash settlement per $1,000 depends on the final underlier level versus a trigger buffer level of 68%, and investors could lose their entire investment if the final underlier level is below that buffer.

Key dates: trade date March 31, 2026, original issue date April 3, 2026, determination date April 30, 2027, and stated maturity date May 5, 2027.

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.