Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. is offering $750,000 aggregate face amount of medium-term, cash-settled notes linked to the S&P 500® Index. The notes do not bear interest and are fully guaranteed by The Goldman Sachs Group, Inc. They are automatically called if the index closing level on the call observation date is greater than or equal to the initial underlier level; in that event each $1,000 face amount pays $1,125.20 on the call payment date. If not called, the cash settlement at maturity depends on index performance: upside participation is 150%, a trigger buffer is set at 80% of the initial level (initial level 6,672.62), and a decline below the trigger buffer produces a proportionate loss, potentially resulting in a total loss of principal. Trade date is March 13, 2026, original issue date March 17, 2026, call observation date March 25, 2027, call payment date March 30, 2027, determination date March 13, 2028, and stated maturity date March 16, 2028. The notes are subject to issuer and guarantor credit risk, limited liquidity, pricing that exceeds model-estimated value at issuance, potential taxes and FATCA, and a FINRA conflict-of-interest disclosure for affiliated distribution.

$7,781,000 of Callable Fixed Rate Notes due 2031 were offered by The Goldman Sachs Group, Inc. under this pricing supplement. The notes bear interest at 4.60% per annum from and including March 17, 2026 to but excluding March 17, 2031, payable semiannually each March 17 and September 17, with the first payment on September 17, 2026.

The issuer may redeem the notes in whole, but not in part, on each redemption date (each March 17, June 17, September 17 and December 17 on or after March 17, 2027) at 100% of principal plus accrued interest, upon at least five business days’ prior notice. The offering was priced at 100% of principal; underwriting discount was 0.769%, with proceeds to the issuer of $7,721,164.11 before expenses. Settlement/delivery is on March 17, 2026 and notes will be issued in DTC book-entry form.

The Goldman Sachs Group, Inc. is issuing fixed rate senior notes with a principal amount of $2,609,000 under its Medium-Term Notes, Series N program. The notes pay interest at 4.00% per annum from the original issue date March 17, 2026 and mature on March 19, 2029.

Interest is payable semiannually on the 17th of March and September, commencing September 17, 2026. The original issue price is 100% of principal, underwriting discount is 1.25%, and net proceeds are 98.75% of principal. The notes will not be listed and will be issued in book-entry form through DTC.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $4,727,000. The notes bear interest at 4.25% per annum from the original issue date March 17, 2026 to but excluding the stated maturity date March 17, 2031, with semiannual interest payments on each March 17 and September 17, beginning September 17, 2026.

The notes will not be listed, carry a 2% underwriting discount (net proceeds equal 98% of principal), and will be issued in book-entry form under the Medium-Term Notes, Series N program.

GS Finance Corp. is offering callable principal-protected notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering has an aggregate face amount of $1,827,000 and an upside participation rate of 100%. The notes pay no periodic interest, may be automatically called on annual observation dates if the index closes at or above the call level of 101.25%, and otherwise repay at maturity based on index performance with principal preserved (subject to issuer and guarantor credit risk). The initial index level is 112.22, trade date was March 13, 2026, original issue date March 17, 2026, and stated maturity is March 21, 2033. The pricing supplement discloses an estimated value on the trade date of $903 per $1,000 face amount and an original issue price of 100% (underwriting discount 4.375%). The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering $30,505,000 of Callable Fixed Rate Notes due February 26, 2036. The notes pay interest at 5.00% per annum from the original issue date March 17, 2026, with annual interest payments each March 17 and at maturity.

The notes are callable in whole (not in part) on each redemption date (each March 17, June 17, September 17 and December 17) on or after September 17, 2027, with at least five business days' prior notice, at a redemption price equal to 100% of principal plus accrued interest. The initial public price is 100% with an underwriting discount of 2.042% and estimated proceeds to the issuer of $29,882,087.90. Settlement is in New York on March 17, 2026, and the notes will be issued in book-entry form through DTC.

The Goldman Sachs Group, Inc. is offering $4,000,000 aggregate principal amount of Callable Fixed Rate Notes due September 17, 2029. The notes pay interest at 4.15% per annum from the original issue date March 17, 2026, with interest payable each March 17 and at maturity; the first payment is on March 17, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates on or after March 17, 2027, at a price equal to 100% of principal plus accrued interest, subject to at least five business days’ notice. The initial public offering price is 100% of principal and underwriting discounts total 0.9%, leaving net proceeds of $3,964,000 before expenses.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031. The issuance totals $15,000,000 of notes bearing interest at 4.40% per annum from and including the original issue date March 17, 2026 to but excluding the stated maturity date February 26, 2031. Interest is payable annually on March 17 with the first payment on March 17, 2027.

The notes are redeemable at the issuer’s option in whole but not in part on each redemption date (each March 17, June 17, September 17 and December 17 on or after March 17, 2027) at a redemption price equal to 100% of principal plus accrued interest. The offering is being distributed by Goldman Sachs & Co. LLC and InspereX LLC, each purchasing $7,500,000; the underwriting discount is 1.277%, leaving proceeds to the issuer of $14,808,450 before expenses.

GS Finance Corp. is offering $11,267,090 aggregate face amount of Trigger Autocallable GEARS linked to the S&P 500® Index, due March 17, 2031, guaranteed by The Goldman Sachs Group, Inc.

Key economics: upside gearing 1.88, call return 8.00, autocall barrier 100.00 of the initial index level, and a downside threshold of 75.00. Trade date is March 13, 2026; original issue date is March 17, 2026. The estimated value on the trade date is approximately $9.60 per $10 face amount and the original issue price is 100.00 of face amount with a 2.50 underwriting discount.

The Goldman Sachs Group, Inc. is offering $19,000,000 of Callable Fixed Rate Notes due March 17, 2034 with a fixed interest rate of 5.00% per annum, payable annually on March 17 beginning March 17, 2027. The notes are callable in whole, not in part, on each March 17, June 17, September 17 and December 17 on or after March 17, 2028, at 100% of principal plus accrued interest with at least five business days’ prior notice.

The offering will settle and be delivered through DTC on March 17, 2026. Initial price to the public is 100% with underwriting discount of 1.298%, leaving proceeds before expenses to the issuer of 98.702% of principal. The notes are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $2,992,000 under its Medium-Term Notes, Series N program. The notes pay interest at 4.50% per annum, accrue from the original issue date of March 17, 2026, and mature on March 17, 2033.

Interest is payable semiannually on the 17th of March and September, beginning September 17, 2026. The notes will not be listed on any exchange and were sold at an original issue price of 100% of principal with underwriting discount of 2.75%, producing net proceeds of 97.25% of principal.

The Goldman Sachs Group, Inc. is offering $5,469,000 of Callable Fixed Rate Notes due March 17, 2036. The notes pay interest at 5.10% per annum from the original issue date March 17, 2026, with semiannual payments on March 17 and September 17 (first payment September 17, 2026).

The issuer may redeem the notes in whole (not in part) on each redemption date (each March 17, June 17, September 17 and December 17 on or after March 17, 2028) at 100% of principal plus accrued interest, with at least five business days' prior notice. The offering was underwritten by Goldman Sachs & Co. LLC and InspereX LLC, each purchasing specified principal amounts totaling $5,469,000.

The Goldman Sachs Group, Inc. is offering fixed‑rate senior notes with a principal amount of $2,000,000. The notes pay interest at 5.00% per annum from the original issue date March 17, 2026 to the stated maturity date March 17, 2037, with annual interest payments each March 17 commencing March 17, 2027.

The notes will be issued at an original issue price of 100% (underwriting discount 0.9%, net proceeds to issuer 99.1%), will not be listed on any exchange, and will be issued in book‑entry form through DTC. The notes are senior debt under the existing indenture and include standard U.S. federal income tax and FATCA withholding provisions.

The Goldman Sachs Group, Inc. is issuing fixed rate senior medium-term notes with a principal amount of $1,000,000. The notes bear interest at 5.30% per annum, pay interest annually on March 17 commencing March 17, 2027, have an original issue date of March 17, 2026 and a stated maturity of March 19, 2046.

The original issue price is 100% of principal with an underwriting discount of 2.35% and net proceeds to the issuer of 97.65%. The notes will not be listed on an exchange and will be issued in book-entry form under DTC. Interest accrual uses the 30/360 (ISDA) day count convention.

The Goldman Sachs Group, Inc. is offering $18,563,000 Callable Fixed Rate Notes due March 17, 2038 that pay interest at 5.20% per annum from and including the original issue date March 17, 2026 with annual interest payments each March 17 (first payment March 17, 2027).

The notes are callable in whole (not in part) on each redemption date (each 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' prior notice. Settlement and delivery will occur in New York on March 17, 2026.

The underwriters purchased the offering at a discount of 2.423%, producing proceeds to the issuer of $18,113,218.51 before expenses; initial price to public is 100% of principal. The notes will be issued in book‑entry form through DTC. FATCA withholding rules apply.

The Goldman Sachs Group, Inc. is offering fixed rate medium-term notes with a principal amount of $1,000,000. The notes carry an interest rate of 5.25% per annum, accrue from the original issue date and mature on March 18, 2041. Interest is payable annually on March 17, commencing March 17, 2027. The notes were issued at 100% of principal, with an underwriting discount of 1.2% and estimated net proceeds to the issuer of 98.8% of principal. The notes will not be listed on an exchange and will be issued in book-entry form via DTC. The pricing supplement states the notes are expected to be issued with original issue discount (OID) treatment for U.S. federal income tax purposes and will generally be subject to FATCA withholding rules. The calculation agent is Goldman Sachs & Co. LLC, which is also the initial purchaser and may engage in market-making resales.

The Goldman Sachs Group, Inc. is offering $12,000,000 of Callable Fixed Rate Notes due February 25, 2033 paying interest at 4.70% per annum from and including the original issue date March 17, 2026.

Interest is payable annually on each March 17 with the first payment on March 17, 2027. The issuer may redeem the notes in whole, on specified quarterly redemption dates on or after September 17, 2027, at a price equal to 100% of principal plus accrued interest, after at least five business days’ notice. The initial public price is 100% of principal, underwriting discount is 1.819%, and proceeds to the issuer before expenses are $11,781,720. Settlement is on March 17, 2026.

GS Finance Corp. is offering principal-linked notes tied to an equally weighted basket of four stocks. The basket comprises CrowdStrike (CRWD), Microsoft (MSFT), Palo Alto Networks (PANW) and Snowflake (SNOW) with initial weights of 25% each. The notes have an upside participation rate of 125%, a buffer of 15% and an estimated value on the trade date of $900–$930 per $1,000 face amount. The notes may be automatically called on the call observation date (expected April 2, 2027) for at least $1,219.50 per $1,000, otherwise payout at maturity (expected March 23, 2028) depends on the basket return and the buffer mechanics. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. offers $23,368,000 of Callable Fixed Rate Notes due February 26, 2046. The notes pay interest at 5.55% per annum from the original issue date March 17, 2026, with annual interest payments each March 17 and the stated maturity date. The issuer may redeem the notes in whole, but not in part, on specified quarterly redemption dates on or after March 17, 2029, at 100% of principal plus accrued interest subject to at least five business days' notice. The initial price to public is 100% of principal and underwriting discount is 2.811%, leaving proceeds to the issuer of $22,711,125.52 before expenses.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due February 26, 2041 with a principal amount of $17,681,000. The notes pay interest at 5.30% per annum from and including the original issue date March 18, 2026, with annual interest payments each March 18 beginning March 18, 2027.

The notes are callable, in whole but not in part, on each redemption date on or after March 18, 2029 (each March 18, June 18, September 18 and December 18) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. Initial price to public is 100%; underwriting discount is 2.836%, leaving proceeds to the issuer of $17,179,566.84. Settlement is scheduled in New York on March 18, 2026. Book-entry issuance through DTC applies.

GS Finance Corp. is offering $18,664,300 aggregate face amount of Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. The notes feature an autocall on March 22, 2027 (call payment March 25, 2027), a determination date on March 13, 2029 and stated maturity March 15, 2029.

Key economics: initial basket level 100, upside gearing 1.9025, autocall barrier 100.00%, call return 11.00%, downside threshold 90.00% and buffer 10.00%. Basket weights: EURO STOXX 50 40.00%, Nikkei 225 25.00%, FTSE 100 17.50%, SMI 10.00%, S&P/ASX 200 7.50%. Payments depend on basket performance and are subject to issuer/guarantor credit risk.

The Goldman Sachs Group, Inc. priced callable fixed-rate notes totaling $4,124,000 due March 17, 2028. The notes pay interest at 4.00% per annum from the original issue date March 17, 2026, with semiannual interest dates on March 17 and September 17; the first payment is September 17, 2026.

The notes are callable at the issuer’s option in whole (not in part) on each redemption date (each March 17, June 17, September 17 and December 17 on or after September 17, 2026) at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The offering will settle and notes will be delivered against payment in New York on March 17, 2026. Underwriting discount is 0.2% (proceeds to Goldman Sachs & Co. LLC: $4,115,752), and estimated offering expenses to the issuer are approximately $15,000.

The Goldman Sachs Group, Inc. is offering $26,355,000 of Callable Fixed Rate Notes due March 17, 2028 with a 4.00% per annum coupon, payable semiannually on March 17 and September 17.

The notes are callable at the issuer's option in whole (not in part) on expected quarterly redemption dates on or after September 17, 2026, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. The initial price to public is 100% of principal; the underwriter discount is 0.572%.

GS Finance Corp. offers autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due March 25, 2033. The notes pay capped call premiums on annual observation dates and, if not called, a cash settlement at maturity linked to the index performance with a 100% upside participation rate. The index applies daily rebalancing, a 0.65% annual deduction and volatility/momentum controls that can allocate large portions to cash-equivalent positions. The trade date is March 23, 2026, original issue date March 26, 2026, and GS&Co. estimates the notes’ value on the trade date at $850 to $890 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., proposes callable equity‑linked notes tied to the common stock of Intel Corporation. Coupons will be set on the trade date and equal between $30.625 and $33.125 per $1,000 (between 3.0625% and 3.3125% quarterly). The notes are automatically called if the index stock closing price on any call observation date is greater than or equal to the initial index stock price.

If not called, at maturity the cash settlement equals $1,000 if the final index stock price is >= 50% of the initial price; otherwise holders suffer a loss equal to the index stock return, potentially receiving substantially less than principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Trade date is expected to be March 27, 2026 and stated maturity is expected to be March 30, 2029.

GS Finance Corp. is offering autocallable, MSCI EAFE index-linked notes due March 28, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and feature an automatic call on the call observation date March 24, 2027 if the underlier closes at or above its initial level, in which case each $1,000 face amount would pay at least $1,159.

If not called, the maturity payout depends on the MSCI EAFE final level on the determination date March 25, 2030. Key economics: upside participation rate 140%, buffer level 80% (buffer amount 20%, buffer rate 125%). The notes are subject to issuer/guarantor credit risk, market and foreign-currency exposure, and you may lose your entire investment if the final underlier level is below the buffer level.

GS Finance Corp. is offering indexed medium-term notes linked to an equally weighted basket of Apollo, Blackstone and KKR. The aggregate face amount is $1,020,000 (original issue date March 17, 2026).

Notes mature on March 17, 2031, carry no interest, have an upside participation rate of 184.8%, and include an automatic call feature on March 12, 2027 that pays $1,200 per $1,000 face amount if the basket level is ≥ the initial level. Estimated value at pricing was approximately $958 per $1,000 face amount.

GS Finance Corp. is offering structured notes linked to the common stock of ServiceNow, Inc. with an aggregate face amount of $7,994,000. The notes pay a contingent monthly coupon when the underlier closes at or above 60% of the initial level and settle in cash at maturity on September 17, 2027 based on the final underlier level versus the initial underlier level of $112.97. If the final underlier level is below the 50% trigger buffer, investors can lose up to their entire principal; upside at maturity is capped at par. The issuer may redeem the notes on coupon payment dates commencing in September 2026. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market‑liquidity risk.

GS Finance Corp. is offering non‑interest bearing, principal‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a cash settlement at maturity based on the performance of an equally weighted basket of six listed asset‑management stocks, with an initial basket level of 100 and a threshold level of 85%. If the final basket level is greater than or equal to 85% of the initial level, holders receive a capped maximum settlement amount (expected to be between $1,205.8 and $1,242 per $1,000 face amount). If the final basket level is below 85%, the holder suffers losses according to a buffer rate of approximately 117.65%, and may lose the entire investment. The estimated model value at issuance is between $935 and $965 per $1,000 face amount.

GS Finance Corp. is offering Trigger Step Securities linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. The notes set the initial basket level at 100.00, a step return of at least 45.00%, a step barrier of 100.00% and a downside threshold of 75.00%. Trade date is March 16, 2026, original issue date expected March 19, 2026, determination date expected March 17, 2031 and stated maturity date expected March 20, 2031. The estimated value on the trade date is between $9.20 and $9.50 per $10 face amount; original issue price is 100.00% of face with an underwriting discount of 3.50%. At maturity the payment equals either the greater of the step return or the basket return if the final basket level is at or above the step barrier; if the final basket level is between the step barrier and the downside threshold you receive the face amount; if below the downside threshold you suffer principal loss equal to the basket return. Payments are unsecured and subject to the creditworthiness of GS Finance Corp. and Goldman Sachs.