Goldman Sachs Group Inc. 424B Filings

$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.

GS Finance Corp. priced a structured note linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on March 16, 2028 and may be automatically called on observation dates beginning June 2026 if the index closes at or above 90% of the initial underlier level of 429.65. Monthly coupons of $10 per $1,000 face amount are payable only if the index on an observation date is ≥ 66% of the initial level. The aggregate original face amount was $2,190,000; original issue price was 100%, underwriting discount 2.8%, and net proceeds 97.2%. The estimated value at term-setting was approximately $962 per $1,000 face amount.

GS Finance Corp. offers contingent monthly‑coupon, buffer‑protected structured notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $500,000, original issue price 100% of face and a 0.4% underwriting discount. The notes pay a contingent monthly coupon of $5.417 per $1,000 if each underlier meets a 65% trigger on observation dates and are subject to an automatic call if all underliers are at or above their initial levels on a call observation date; otherwise the maturity cash settlement depends on the lesser performing underlier and may result in substantial loss (buffer = 35%).

GS Finance Corp. offers structured notes linked to the iShares® Semiconductor ETF (SOXX) with expected trade date March 20, 2026 and stated maturity March 23, 2028. The notes pay no interest and the cash payment at maturity is tied to the ETF performance from the trade date to the determination date.

If the final ETF level on the determination date is ≥ 70% of the initial level, each $1,000 face amount pays a capped $1,310. If the final level declines by more than 30%, the payment equals $1,000 plus $1,000 times the ETF return, which can result in a total loss of principal. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due March 31, 2033, guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 note pays no interest and returns a cash settlement at maturity tied to the S&P 500® performance from the March 23, 2026 trade date to the March 28, 2033 determination date. The notes provide a 15% buffer (buffer level = 85% of the initial level) and a capped payout: if the final index level is ≥ the buffer level you receive a $1,589 maximum settlement per $1,000 face amount; if below the buffer level you lose 1% of face amount for each 1% decline below the buffer. The notes are subject to the credit risk of the issuer and guarantor, may be illiquid, and the original issue price will exceed the estimated model value at issuance.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.80% per annum from the original issue date (expected March 31, 2026) to the stated maturity date (expected March 17, 2031). Interest is payable annually on each expected March 31, with the first payment expected on March 31, 2027.

The notes are callable at issuer option in whole (not in part) on scheduled quarterly redemption dates beginning on or after the expected March 31, 2027, at a redemption price equal to 100% of principal plus accrued interest. The offering will be sold through underwriters with an initial price that may vary for certain investors; additional sales may occur in market-making transactions. The notes will be issued in book-entry form through DTC. Tax and regulatory limitations, distribution restrictions by jurisdiction, and FATCA withholding rules are disclosed.

GS Finance Corp. is offering autocallable buffered notes linked to the iShares® Semiconductor ETF, guaranteed by The Goldman Sachs Group, Inc. The notes mature March 28, 2030 (expected) but will be automatically called if the ETF closing level on the call observation date (March 24, 2027 expected) is at or above the initial level, in which case holders receive at least $1,247.50 per $1,000 face amount on the call payment date (March 29, 2027 expected).

If not called, maturity payoff depends on the ETF performance: upside participation is 140% of positive ETF return; a buffer protects declines up to 20% (buffer level = 80% of initial level; buffer rate = 125%), but losses below the buffer can result in substantial principal loss. The estimated value at pricing is between $900 and $930 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 17, 2036 with a stated interest rate of 5.35% per annum, expected to be issued on March 31, 2026. Interest is payable annually on expected interest payment dates, with the first payment expected on March 31, 2027.

The notes are redeemable at the issuer’s option in whole (not in part) on scheduled quarterly redemption dates on or after September 30, 2027, with at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC. FATCA withholding rules apply.

GS Finance Corp. offers market-linked notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity an amount tied to the index return multiplied by a 100% participation rate, subject to a capped maximum settlement amount expected between $1,600.00 and $1,740.00 (a maximum return expected between 60.00% and 74.00%).

The trade date is March 27, 2026, original issue date is March 31, 2026, and stated maturity is March 31, 2033. The estimated value at term-setting is between $920 and $950 per $1,000 face amount; original issue price is 100.00% of face amount with an underwriting discount of 3.50%, yielding net proceeds of 96.50% of face amount. Payments are unsecured and subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 15, 2041 bearing interest at 5.70% per annum, with an expected original issue date of March 31, 2026. Interest accrues from the original issue date and is payable annually on the expected interest payment date (each year-end March last calendar day) with the first payment expected on March 31, 2027.

The notes are callable at our option in whole, but not in part, on quarterly redemption dates on or after March 31, 2029, with at least five business days’ notice, at a redemption price of 100% of principal plus accrued interest. The offering will settle through DTC on March 31, 2026, will be issued in book-entry form, and may be distributed initially by Goldman Sachs & Co. LLC and InspereX LLC. FATCA withholding rules apply.

The Goldman Sachs Group, Inc. is offering $50,000,000 of Callable Fixed Rate Notes due March 16, 2029 that pay interest at 4.20% per annum from the original issue date March 16, 2026. Interest is payable semiannually on March 16 and September 16, beginning September 16, 2026.

The issuer may redeem the notes in whole, but not in part, on each quarterly redemption date on or after March 16, 2027, with at least five business days’ notice, at a redemption price equal to 100% of principal plus accrued interest. The initial price to public is 100% with an underwriting discount of 0.944%, yielding proceeds to the issuer of $49,528,000.

The Goldman Sachs Group, Inc. is offering $5,043,000 of Callable Step-Up Fixed Rate Notes due March 16, 2046 under a pricing supplement dated March 12, 2026. The notes pay 5.00% per annum from and including the original issue date (March 16, 2026) to but excluding March 16, 2034, and 7.25% per annum thereafter to but excluding maturity.

The notes pay interest annually each March 16 beginning March 16, 2027. The issuer may redeem the notes in whole, but not in part, on each redemption date (each March 16, June 16, September 16 and December 16 on or after March 16, 2029) at 100% of principal plus accrued interest with at least five business days’ prior notice.

GS Finance Corp. offers $ Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount depends on S&P 500 performance from the trade date to the determination date, with a 10% buffer, a 90% buffer level, and a $1,135 maximum upside settlement. The notes pay no interest, are subject to issuer and guarantor credit risk, and may deliver less than face amount if the final index level falls below the buffer. Terms (including the initial underlier level and pricing) will be set on the trade date.

GS Finance Corp. offers structured, callable medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock prices of Advanced Micro Devices, Netflix, Broadcom and ServiceNow and pay a monthly coupon of $10.167 per $1,000 when each reference stock closes at or above 70% of its initial price on an observation date.

The notes have an expected trade date of March 23, 2026, expected original issue date of March 26, 2026, monthly observation dates commencing in April 2026, an automatic-call window beginning in March 2027, and an expected stated maturity of March 30, 2033. Payments are cash-only; coupons and principal depend on stock observations and are subject to the issuer's and guarantor's credit risk. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers autocallable notes guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder® Focus ER Index due March 31, 2031. The notes have an annual automatic call feature if the index closes at or above 100.5% of the initial index level on observation dates; called notes pay principal plus a call premium (7%–28% depending on call date). The notes pay no periodic interest and provide upside participation at 100% of positive index return at maturity, subject to a 0.65% per annum index deduction and potential large allocations to hypothetical cash positions. GS&Co. estimates trade-date value at $850–$880 per $1,000 face amount, below original issue price. Investors remain exposed to issuer/guarantor credit risk and to index‑methodology, volatility‑control and momentum‑control features that may allocate substantial weight to cash positions, potentially limiting upside; if final index return is zero or negative, maturity payment equals the face amount.

The Goldman Sachs Group, Inc. is offering fixed-rate senior notes maturing in 2036. The pricing supplement sets a 5.10% per annum coupon, annual interest payment on March 27 each year, a trade date of March 25, 2026, original issue date of March 27, 2026, and denominations of $1,000 and integral multiples thereof. The notes will be issued in book-entry form through DTC and will not be listed on an exchange. Certain pricing fields and the aggregate principal amount are to be set on the trade date and are shown as placeholders in this excerpt.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.35% per annum from the expected original issue date March 30, 2026 to the expected stated maturity March 30, 2038. Interest is payable semiannually on expected interest dates March 30 and September 30, with the first payment expected on September 30, 2026.

The notes are callable in whole (but not in part) on expected quarterly redemption dates on or after March 30, 2031, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The offering will be issued in book-entry form through DTC and is subject to the distribution arrangements and investor eligibility, pricing variability, underwriting discounts, and residency restrictions described in the pricing supplement.

GS Finance Corp. offers $1,000‑face autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on annual observation dates (first on March 31, 2027), and provide cash settlement at maturity on April 5, 2033 based on index performance and a 100% upside participation rate. If called, each $1,000 face amount pays $1,000 plus a capped call premium (first-year call premium at least 18.25%). If not called, at maturity holders receive at least the face amount when the final index level is at or below the initial index level; upside is determined by the index return net of a 0.65% per annum deduction and the index’s complex volatility and momentum controls. GS&Co. estimates initial trade‑date value between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering structured, autocallable notes linked to the Russell 2000®, S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have an expected trade date of March 19, 2026, an expected original issue date of March 24, 2026 and an expected stated maturity of March 24, 2031. Monthly coupons of $9.167 per $1,000 face amount (approximately 0.9167% monthly; potential ~11% annually) are payable only if each underlier is ≥ 70% of its initial level on a coupon observation date. The notes are automatically called if, on any call observation date, each underlier is ≥ its initial level, in which case holders receive principal plus the coupon on the related call payment date. At maturity, if not called, payoff is based on the lesser performing underlier: full principal (and final coupon) if each underlier is ≥ -30% return (≥ 70% of initial); principal only if lesser underlier return is between -35% and -30% (≥ 65% but 70% of initial); and a proportionate loss equal to the lesser underlier return if any underlier return is -35% (final payment could be 65% of principal). The estimated model value at pricing is between $885 and $925 per $1,000 face amount. Payments depend on issuer and guarantor credit; notes are unsecured obligations guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering equity-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc., with payoff tied to the common stock of Amazon.com, Inc. Each note has a $1,000 face amount. If the final underlier level on the determination date exceeds the initial level, the maturity payment equals $1,000 plus the underlier return on $1,000, capped at a $1,240 maximum settlement amount. If the final underlier level is equal to or less than the initial underlier level, holders receive the face amount of $1,000. The notes pay no interest. Key dates shown: trade date March 20, 2026, original issue date March 25, 2026, determination date March 20, 2029, and stated maturity date March 23, 2029. The calculation agent is Goldman Sachs & Co. LLC. The offering documents highlight material considerations: the notes are subject to the credit risk of the issuer and guarantor, will not confer shareholder rights in Amazon, may have limited secondary market liquidity, and will be treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp. is offering $ Buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The trade date is March 20, 2026, the original issue date is March 25, 2026, the determination date is March 20, 2028 and the stated maturity date is March 23, 2028.

For each $1,000 face amount, the cash payment at maturity depends on the S&P 500 performance: positive or zero returns up to a maximum upside settlement amount of $1,295; if the index falls but not more than 10% (buffer), you receive the absolute value of the underlier return; if the index falls more than the buffer you incur proportional losses and could lose a substantial portion of your investment. The notes pay no interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.