Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. offers buffered, capped notes linked to the Invesco S&P 500® Equal Weight ETF. The notes have a trade date expected to be March 20, 2026 and a stated maturity expected to be March 23, 2028. For each $1,000 face amount, the cash settlement is linked to the ETF return subject to a Buffer level of 85% (a Buffer amount of 15%) and a Cap level of 115% that yields a Maximum upside settlement amount of $1,150.

The notes do not bear interest and are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.; payments are subject to their credit risk. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount. Purchase price, issue price differentials, and secondary market liquidity affect realized returns.

GS Finance Corp. is offering Autocallable Russell 2000® Index-Linked Notes due April 2, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date March 25, 2027 if the underlier closes at or above the initial level; an automatic call would pay $1,149 per $1,000 face amount.

If not called, maturity payoff depends on the Russell 2000 performance on the determination date March 26, 2029: upside is 125% of the index gain; principal is protected down to a 85% trigger buffer but investors face full downside below that level and could lose their entire investment.

The Goldman Sachs Group, Inc. intends to offer callable fixed-rate notes due 2030 that pay interest at 4.65% per annum from an original issue date expected to be March 27, 2026 to the stated maturity expected to be March 27, 2030.

Interest is expected to be paid semiannually on March 27 and September 27, with the first payment expected on September 27, 2026. The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates on or after March 27, 2028, with at least five business daysprior notice and a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2029. The notes pay interest at 4.55% per annum from the original issue date (expected March 27, 2026) to the stated maturity (expected March 27, 2029), with semiannual payments (expected March 27 and September 27) and a first payment expected September 27, 2026.

The issuer may redeem the notes in whole (but not in part) on scheduled quarterly redemption dates on or after March 27, 2027 at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The notes will be issued in book-entry form through DTC and settle through DTC on the expected issue date. The pricing supplement states the initial price to public will vary for certain investors and that underwriters may resell at market or negotiated prices. Settlement is expected in New York on March 27, 2026.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering index-linked notes linked to the lesser performing of the Russell 2000® and the Nasdaq-100®. The notes (CUSIP 40058YFR8) do not bear interest and have an expected trade date of March 26, 2026, original issue date of March 31, 2026, and stated maturity date of March 30, 2028. At maturity each $1,000 face amount will pay an amount based on the lesser performing underlier return, with a cap of $1,212.50 and a minimum settlement of $950. The estimated value at pricing is $925–$955 per $1,000 face amount, which is less than the original issue price. Payments are subject to the credit risk of GS Finance Corp. and its guarantor, and the notes are not FDIC insured.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non-interest-bearing, contingent notes linked to the common stock of Salesforce, Inc. (CRM). The notes have an upside participation rate of 150%, an automatic call if the index stock closes at or above the initial price on the call observation date (expected March 29, 2027) for a capped cash payment of $1,213.50 per $1,000 face amount, and a stated maturity expected on March 30, 2029.

If not called, payoff at maturity depends on the index stock return from the trade date (expected March 27, 2026) to the determination date (expected March 27, 2029): positive returns pay 150% of the stock return, modest declines up to 35% produce the absolute (positive) stock decline as payoff, but declines beyond 35% produce negative returns and can lead to a total loss. The prospectus shows an estimated value at trade-date pricing between $925 and $955 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index due March 23, 2029. For each $1,000 face amount the maturity payout is: (1) $1,000 + $1,000×140%×underlier return if the final level > initial level; (2) $1,000 if the final level is between the initial level and the buffer level (80% of initial); or (3) $1,000 + $1,000×100%×(underlier return + 20%) if final level < buffer, which can produce substantial principal loss. The notes pay no interest, are cash-settled, and expose investors to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The original issue price exceeds the notes’ estimated model value on the trade date, and secondary market liquidity is not assured.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 30, 2028 that pay interest at 4.35% per annum from and including the original issue date (expected March 30, 2026) to but excluding maturity. Interest is payable 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 scheduled redemption dates (expected each March 30, June 30, September 30 and December 30 on or after September 30, 2026) at 100% of principal plus accrued interest with at least five business days' prior notice. The notes will be issued in book-entry form through DTC. Tax treatment notes include U.S. ordinary interest taxation and potential FATCA withholding.

GS Finance Corp. is offering autocallable index-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Russell 2000 and S&P 500 and pay no interest.

Key economics: trade date March 19, 2026, original issue date March 24, 2026, determination date March 19, 2031, stated maturity March 26, 2031. Upside participation is 100% and each underlier has a trigger buffer at 70% of its initial level. Semi-annual automatic calls can redeem notes early with scheduled call premiums ranging from 11% to 49.5%. If not called, the cash settlement at maturity is based solely on the lesser performing underlier; losses can equal the full principal.

The Goldman Sachs Group, Inc. is offering floating rate notes linked to compounded SOFR with a spread of 1.00% and a minimum interest floor of 0.00% per annum. The notes are expected to have an original issue date of March 19, 2026 and a stated maturity date of March 19, 2029. Interest is expected to be paid quarterly on March 19, June 19, September 19 and December 19, beginning June 19, 2026. Interest will be calculated using compounded SOFR over a defined observation period and rounded to the nearest one hundred-thousandth of a percentage point, with Goldman Sachs & Co. LLC acting as calculation agent.

The notes are unsecured obligations of Goldman Sachs, not FDIC insured, not listed, and will not be redeemable. The prospectus supplement discloses hedging activities, potential conflicts of interest, and U.S. federal income tax treatment (treated as variable rate debt). The offering may be increased at the issuer's option and hedging and market-making by affiliates could affect market value.

GS Finance Corp. offers non‑interest bearing notes linked to the MSCI ACWI Index with expected trade date March 13, 2026 and stated maturity March 16, 2029. Each $1,000 face amount pays a cash settlement at maturity based on the index return, a 105% participation rate and whether a reset event (index ≤85% of initial level during observation period) occurs. The applicable maximum settlement amount is $1,400 if no reset event occurs and $1,557.50 if a reset event occurs. If the final index level falls below 85% of the initial level, the return is negative and investors may lose all principal. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. offers callable 10-year 10-year CMT rate‑linked range accrual notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay monthly interest based on an interest factor of 8.00% and the 10‑year CMT threshold of 4.70%.

Interest payment for each month equals the fraction of reference dates in the interest period with the 10‑year CMT ≤ 4.70% multiplied by the 8.00% interest factor, determined on the fourth scheduled U.S. government securities business day prior to each monthly payment. Issuer may redeem at par on any monthly interest payment date on or after March 31, 2027.

The prospectus shows an estimated value at issuance between $917.3 and $967.3 per $1,000 face amount and states market‑making, liquidity, credit and model risks; purchase proceeds will be lent to Goldman Sachs affiliates.

GS Finance Corp. is offering market-linked, auto-callable securities guaranteed by The Goldman Sachs Group, Inc. Each security has a face amount of $1,000 and an original offering price of $1,000 per security. The securities are linked to the lowest performing of the common stock of ServiceNow, Inc. and Broadcom Inc. and mature on March 23, 2029 (subject to postponement).

Key economic terms disclosed include a call premium of 50.00% ($500 per security), an upside participation rate of at least 317.00%, a threshold amount of 40% (threshold price = 60% of starting price), and a pricing-date estimated value between $925 and $955 per $1,000 face amount. Investors face 1-to-1 downside exposure below the threshold and may lose up to 100% of the face amount. Payments are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 27, 2036 that pay interest at 5.30% per annum from an original issue date expected to be March 27, 2026. Interest is payable semiannually on each March 27 and September 27, with the first payment expected on September 27, 2026

The notes are callable at the issuer's option in whole (not in part) on expected quarterly redemption dates beginning on or after March 27, 2031, at a redemption price equal to 100% of principal plus accrued and unpaid interest. The notes will be issued in book-entry form through DTC. The offering is a new issue with no established trading market; underwriters include Goldman Sachs & Co. LLC and InspereX LLC.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable, buffered notes linked to the EURO STOXX 50® Index. The notes have an expected trade date of March 13, 2026, original issue date of March 18, 2026 and a stated maturity date of March 18, 2031. They pay no interest and may be automatically redeemed beginning in March 2027 if the index on a call observation date is ≥ 90% of the initial level; applicable call premiums range from 10.4% to 49.4% depending on the call date. If not called, maturity payments depend on the final index level: the maximum maturity payment is $1,520 per $1,000 face amount if the final level is ≥ 90%; full face is returned for final levels between 85% and 90%; below 85% investors suffer a leveraged loss (buffer rate ≈ 117.65%), and could lose their entire investment. The estimated value on the trade date is between $885 and $935 per $1,000 face amount. Payments are subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. is offering non‑interest, principal‑at‑risk notes linked to an equally weighted basket of eight stocks, issued March 16, 2026 with a stated maturity of March 15, 2028 and an automatic call feature on March 23, 2027. If the basket closing level on the call observation date is at or above the initial basket level (100), each $1,000 face amount will be redeemed for $1,206.3 on the call payment date. If not called, maturity payments depend on the basket return with a 125% upside participation, a 10% buffer (buffer level = 90%), and a buffer rate of approximately 111.11%. The estimated value on the trade date was approximately $946 per $1,000 face amount. Original issue price is 100% with a 1.5% underwriting discount and net proceeds of 98.5%; initial aggregate face amount is $3,050,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffer-protected, capped notes linked to the S&P 500 Index. The offering totals $12,700,000 aggregate face amount in $1,000 notes with a trade date of March 11, 2026, original issue date March 16, 2026, determination date April 12, 2027 and stated maturity April 15, 2027.

Key economics: an upside participation rate of 200% subject to a maximum settlement amount of $1,116 per $1,000 face; a buffer level of 85% (buffer amount 15%) and a buffer rate of 100%. Notes pay no interest and principal is preserved only if the final underlier level does not fall below the buffer level. Investors are exposed to issuer and guarantor credit risk and to potential large principal losses if the underlier declines beyond the buffer.

GS Finance Corp. priced structured notes linked to Invesco QQQ, Series 1 (QQQ) and NVIDIA Corporation (NVDA). The notes pay a fixed monthly coupon of $8.459 per $1,000 (≈0.8459% monthly, up to approximately 10.15% annually), mature on March 16, 2028, and have an aggregate original face amount of $2,500,000 on the original issue date.

At maturity you receive the final coupon plus a cash settlement per $1,000 face amount equal to $1,000 if each underlier finishes at least 50% of its initial level, or otherwise $1,000 plus the product of the lesser performing underlier return and $1,000 (i.e., losses reflect the lesser performing underlier with a 50% trigger buffer). The estimated value at pricing was approximately $984 per $1,000; original issue price was 100% with a 0.4% underwriting discount.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation (ticker "NVDA UW") and have a face amount of $1,000 per note.

Key economics: coupons are contingent monthly payments that occur only if the underlier closing level is at least 75% of the initial level; an automatic call occurs if the underlier closes at or above the initial level on a call observation date. At maturity, if not called, payoff is capped at 100% of face when final underlier level is at or above the buffer level (75%); downside below the buffer exposes investors to losses (examples show losses of up to 56% at certain levels).

GS Finance Corp. offers $5,000,000 of structured, cash-settled callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the EURO STOXX 50® Index with a 150% upside participation rate, an 85% buffer level and an automatic-call feature.

Key economic terms: original issue price 100% of face amount, underwriting discount 1.5%, net proceeds 98.5%. Call observation date is March 24, 2027 (call payment March 29, 2027); determination date March 13, 2028 and stated maturity March 16, 2028. The notes pay no interest, may be automatically called for a capped cash payment of $1,142 per $1,000 if the underlier is at or above the initial level on the call observation date, and, if not called, principal at maturity depends on underlier performance; investors may lose their entire investment.

GS Finance Corp. is offering autocallable index-linked notes due March 21, 2033 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% upside participation rate and are subject to annual automatic calls if the index meets rising call levels. The index (GSMBFC5) applies a 0.65% annual deduction and a 5% realized volatility control that can allocate substantial exposure to non‑interest bearing cash, which can materially reduce index returns. GS&Co.’s estimated trade‑date value is $885 to $925 per $1,000 face amount. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., capped call payments and potential secondary‑market illiquidity.

GS Finance Corp. offers Market Linked Securities (Medium-Term Notes, Series F) guaranteed by The Goldman Sachs Group, Inc. These are U.S. dollar, $1,000 face amount auto-callable notes linked to the lowest performing of the S&P 500, the Russell 2000 and the Nasdaq-100, with a stated maturity of March 22, 2029. The notes pay no interest and may be automatically called on specified call dates; minimum call premiums are 15.00% on March 23, 2027, 30.00% on March 23, 2028 and 45.00% on the final calculation day (March 19, 2029). If not called, maturity payment depends solely on the ending level of the lowest performing underlier: investors receive full face amount if that underlier is down no more than 25.00%, otherwise they have 1-to-1 downside exposure and may lose up to 100.00% of principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount; original offering price is $1,000 with proceeds to issuer of $974.25 per security.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering buffer-linked, non-interest-bearing notes tied to the S&P 500® Index with an aggregate face amount of $2,482,000. The notes have a trade date of March 11, 2026, an original issue date of March 16, 2026, a determination date of March 13, 2028, and a stated maturity date of March 16, 2028.

Payment at maturity depends on final underlier performance versus the initial level: if final ≥ initial you receive a capped $1,223.50 per $1,000 face amount; if final ≥ 75% of initial you receive $1,000; if final < 75% you suffer proportional losses equal to the underlier return times the face amount and could lose your entire investment.

GS Finance Corp. is offering leveraged, buffered S&P 500® index-linked notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity depends on the S&P 500 performance from the trade date to the determination date, with a $1,220.50 maximum upside settlement amount, a 250% upside participation rate and a 10% buffer (buffer level is 90% of the initial underlier level). The trade date is March 27, 2026, original issue date is April 1, 2026, determination date is March 27, 2028 and stated maturity is March 30, 2028.

The notes convert negative underlier returns up to the buffer into positive returns for holders, but losses occur if the S&P 500 declines beyond the buffer; investors are exposed to issuer and guarantor credit risk and the notes may have limited secondary-market liquidity.

GS Finance Corp. offers structured, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference Apple, Robinhood and Moderna, mature on March 15, 2029, and carry an aggregate original face amount of $1,010,000. Coupons (monthly accrual up to ~20.15% per annum) are payable only if each index stock meets a 60% trigger on observation dates. Notes will be automatically called between March 2027 and February 2029 if each index stock equals or exceeds its initial price. At maturity, if a trigger event (all three final prices below initial prices) occurs, repayment is linked to the worst-performing stock and could be materially below principal; if no trigger event occurs, principal is returned. The estimated value at pricing was approximately $947 per $1,000 face amount.

GS Finance Corp. issues non-interest notes linked to three underliers. The notes mature on April 15, 2027 and pay a cash amount tied to the lesser performing of the S&P 500®, EURO STOXX 50® and the State Street® Utilities Select Sector SPDR® ETF, measured from the trade date March 11, 2026 to the determination date April 12, 2027.

If each final underlier level is ≥ 60% of its initial level you receive the maximum settlement amount of $1,080 per $1,000 face amount. If any underlier is 60% of its initial level, the cash payment equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a loss of principal. Initial aggregate face amount was $250,000; original issue price was 100% and the estimated value at pricing was approximately $987 per $1,000 face amount.

GS Finance Corp. offers $2,500,000 of S&P 500®-linked notes (guaranteed by The Goldman Sachs Group, Inc.) with a 200% upside participation and a 15% buffer (buffer level = 85% of the initial underlier level). The notes pay no interest and may be automatically called on the call observation date; if called the issuer will pay $1,094.10 per $1,000 face amount on the call payment date. If not called, final payment at maturity depends on the S&P 500 closing level on the determination date: investors receive upside participation if the final level exceeds the initial level, receive principal if the final level is between the buffer and initial levels, or suffer a structured loss (the payment formula uses the buffer rate ≈ 117.65%) and could lose their entire investment. The offering price is 100% of face amount; underwriting discount is 1.5% (net proceeds 98.5%). Trade date is March 11, 2026; original issue date is March 16, 2026; determination date March 10, 2028; stated maturity March 15, 2028.

GS Finance Corp. is offering Buffered iShares Expanded Tech-Software Sector ETF‑Linked Notes due April 14, 2027 guaranteed by The Goldman Sachs Group, Inc. The original aggregate face amount is $3,675,000 with a trade date of March 11, 2026 and an original issue date of March 16, 2026. Each note has a $1,000 face amount, an initial underlier level of $85.74, a buffer amount of 15%, a buffer rate of approximately 117.65%, and a threshold level equal to 85% of the initial level. If the final underlier level on the determination date (April 12, 2027) is at or above the threshold, each note pays a capped $1,150.50 at maturity; if below the threshold, losses apply according to the disclosed buffer formula and investors could lose their entire investment. The estimated value on the trade date was approximately $976 per $1,000 face amount. The original issue price is 100%, underwriting discount 0.81%, and net proceeds 99.19%. The notes do not bear interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured, non‑interest bearing notes due March 18, 2031 linked to three underliers: the Russell 2000® Index, the Nasdaq‑100 Technology Sector Index and the State Street® Utilities Select Sector SPDR® ETF. The aggregate original face amount on the issue date is $1,703,000. The notes include an automatic call feature beginning with a first call observation date on March 11, 2027, with increasing call premiums on scheduled call payment dates and a capped maturity payoff (maturity premium amount 72.504%). If not called, maturity payout depends on the lesser performing underlier versus its initial level, with a 70% trigger buffer: full face amount is returned if the lesser performing underlier finishes at or above 70% of its initial level; below 70% the payout falls proportionally to the lesser performing underlier return. The estimated model value on the trade date was approximately $939 per $1,000 face amount, below the original issue price.

GS Finance Corp. offers principal-at-risk, cash-settled notes linked to the S&P 500® Futures Excess Return Index. The notes have a $1,000 face amount and an aggregate face amount of $500,000. The upside participation rate is 213.25%, the trigger buffer level is 80% of the initial underlier, the trade date is March 11, 2026, and the stated maturity is March 14, 2031.

At maturity the payout per $1,000 depends on the final underlier level: full upside participation if the final level exceeds the initial level; return of face amount if the final level is ≥80% of initial; and a pro rata loss for declines below 80%, potentially losing the entire investment. The notes pay no interest and are subject to issuer and guarantor credit risk.