Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering callable equity-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the lesser performing of Alphabet Class A, Meta Class A and NVIDIA and pay at maturity either the face amount or, if all three final prices exceed their initial prices, $1,000 plus 3.10 times the lesser performing index stock return per $1,000 face amount. The issuer may redeem the notes on specified monthly call payment dates beginning March 31, 2027 at cash amounts tied to the stated call premium table. The determination date is expected to be March 24, 2031 and the trade/original issue dates are expected to be March 27, 2026 and March 31, 2026, respectively. The estimated value on the trade date is stated to be between $885 and $935 per $1,000 face amount. Payment at maturity is subject to the issuer's and guarantor's credit risk.

GS Finance Corp. is offering equity‑linked, buffer‑protected notes issued March 16, 2026, maturing March 16, 2028, with an aggregate original face amount of $767,000. Each note has a $1,000 face amount, an initial basket level of 100, a 15% buffer and a cap at 125.75% (maximum settlement $1,257.50 per $1,000). The notes pay no interest and settle in cash based on the performance of an equally weighted 12‑stock basket measured from the trade date (3/11/2026) to the determination date (3/13/2028). The original issue price is 100% with an underwriting discount of 2.55% and net proceeds to the issuer of 97.45%. The estimated model value at pricing was ~$940 per $1,000 face amount; investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering capped buffer-linked medium-term notes with an aggregate face amount of $3,800,000 that pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, a maximum settlement amount of $1,117, and is linked to the Nasdaq-100 Index. The notes provide a 10% buffer (buffer level = 90% of the initial underlier level) and use a buffer rate of approximately 111.11% so that losses occur if the final underlier level is below the buffer level. Trade date was March 11, 2026, original issue date March 16, 2026, determination date April 12, 2027 and stated maturity date April 14, 2027 (all subject to adjustment). The notes are cash-settled, not listed, and expose holders to issuer/guarantor credit risk.

GS Finance Corp. is offering notes linked to the S&P 500 Index with an aggregate face amount of $4,275,000. The notes pay no interest and settle in cash at maturity based on the S&P 500 performance from the trade date (March 11, 2026) to the determination date (April 12, 2027), with a stated maturity of April 14, 2027. If the final underlier level is greater than or equal to a buffer level of 90% of the initial level, holders receive the maximum settlement amount of $1,100.30 per $1,000 face amount. If the final level is below the buffer, the payoff declines by approximately 1.1111% of face per 1% drop below the buffer; holders could lose their entire principal. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and were issued at 100% of face with an underwriting discount of 0.82%.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due 2046. The pricing supplement sets an interest rate of 5.50% per annum, annual interest paid each March 27, trade date March 25, 2026, original issue date March 27, 2026, and stated maturity date March 27, 2046. Denominations are $1,000 and integral multiples thereof.

The notes will be issued as part of the Medium-Term Notes, Series N program in book-entry form under a senior indenture and will not be listed on any exchange. The prospectus discloses standard tax, distribution, offering restrictions, and FATCA treatment.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029 linked to the common stock of NVIDIA Corporation. The notes have a $1,000 face amount per note, trade date March 20, 2026, original issue date March 25, 2026 and stated maturity March 23, 2029. They pay a contingent quarterly coupon of $31.75 per $1,000 ( 3.175% quarterly; up to 12.70% per annum) only if the underlier closes at or above a coupon trigger level equal to 50% of the initial underlier level on each coupon observation date. The notes will be automatically called on a call payment date if the underlier closes at or above the initial underlier level on the related call observation date, in which case holders receive $1,000 plus any coupon then due. At maturity, if not called, principal is returned in cash and is protected only if the final underlier level is at or above the trigger buffer level of 50%; if the final underlier level is below that buffer, investors will suffer a loss equal to the underlier return times $1,000. The offering carries an underwriting discount of 2% and net proceeds to the issuer of 98% of face amount.

GS Finance Corp. is offering callable, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index with an expected trade date of March 31, 2026, original issue date of April 6, 2026 and a stated maturity expected to be April 7, 2031. Each $1,000 face amount pays at maturity an amount tied to the underlier return: 200% upside participation if the final level is at or above the initial level; an absolute positive return if the final level is between 60% and 100% of the initial level; and a prorated negative payoff if below the 60% trigger buffer. The issuer may redeem monthly between April 2027 and March 2031 at specified capped call premiums. Estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. offers $2,156,000 aggregate face amount of contingent quarterly coupon notes guaranteed by The Goldman Sachs Group, Inc., with a stated maturity of March 17, 2031 and a determination date of March 12, 2031.

The notes pay a contingent quarterly coupon of $19.375 per $1,000 (1.9375% quarterly, 7.75% per annum) only if each underlier closes at or above 65% of its initial level on the related coupon observation date. The cash settlement at maturity is based solely on the performance of the lesser performing underlier (DJIA, Nasdaq-100, S&P 500) relative to its initial level and can result in a total loss of principal. The issuer may redeem the notes on any coupon payment date commencing March 16, 2027 through December 16, 2030. The original issue price is $1,000 per face amount (100%), with an underwriting discount of 2% and net proceeds of 98% of face amount; a structuring fee of up to 0.8% is included in the underwriting discount.

The Goldman Sachs Group, Inc. is offering callable fixed‑rate notes due 2033 under its Medium‑Term Notes, Series N program. The notes pay interest at 5.00% per annum from the original issue date (expected March 31, 2026) to the stated maturity (expected March 16, 2033), with interest payable each March and September (first payment expected September 30, 2026).

The notes are callable in whole, not in part, on scheduled redemption dates beginning on or after September 30, 2027, upon 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 and are a new issue with no established trading market.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable 10‑Year CMT Rate‑Linked Range Accretion Notes due March 20, 2036. The notes are expected to price on or about March 17, 2026 and to be issued on March 20, 2026. For the first four quarterly interest payment dates, the notes pay 8.65% per annum. Thereafter, quarterly interest, if any, is a range‑accrual formula that multiplies an 8.65% interest factor by the fraction of reference dates during the interest period on which the 10‑year CMT rate is within the 0.00% to 5.00% trigger range. The issuer may redeem the notes in whole on any quarterly interest payment date on or after the interest payment date expected in March 2027 at 100% of principal plus accrued interest. Estimated value at issuance is shown as $884 to $934 per note; original issue price is 100% with a 3.50% underwriting discount.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, expected to trade on March 19, 2026 with an original issue date expected March 24, 2026 and stated maturity expected March 24, 2031. The notes pay monthly coupons only when the index closing level on an observation date is at least 60% of the initial underlier level, can be automatically called on monthly call observation dates commencing March 2027, and at maturity the cash payment per $1,000 face amount depends on the underlier return subject to an 80% buffer and an explicit floor schedule. The underlier applies a 40% volatility target, may use up to 500% leverage, and is reduced by a 6.0% per annum decrement applied daily. The issuer discloses an estimated value on the trade date of $885–$925 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2034. The notes pay interest at 5.15% per annum from and including the expected original issue date of March 30, 2026 to but excluding the expected stated maturity of March 30, 2034. Interest is payable semiannually on expected payment dates March 30 and September 30, with the first payment expected on September 30, 2026.

The issuer may redeem the notes in whole, but not in part, on expected quarterly redemption dates on or after March 30, 2030, upon 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 and are part of the Medium-Term Notes, Series N program governed by the Senior Debt Indenture.

GS Finance Corp. is offering structured, equity‑linked notes that reference the common stocks of NVIDIA Corporation, EMCOR Group, Inc. and Meta Platforms, Inc.. Each note has a $1,000 face amount and is expected to trade on the trade date March 20, 2026 with an original issue date expected to be March 25, 2026 and a stated maturity expected to be March 23, 2029.

The notes pay monthly coupons only if on a coupon observation date the closing price of each index stock is at least 60% of its initial price; the coupon formula uses $15.417 per $1,000 face amount per qualifying coupon observation (equivalent to 1.5417% monthly, or up to approximately 18.5% per annum). The notes are automatically called if, on a call observation date, each index stock closes at or above its initial price, in which case holders receive principal plus any accrued coupon. If not called, the maturity cash settlement is based solely on the lesser performing index stock: holders receive $1,000 if that final price is at least 60% of its initial price, but will suffer a proportional loss (potentially receiving substantially less than 60% of face) if that stock falls below the 60% trigger buffer (a -40% return). The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount, which is less than the original issue price. The notes are unsecured obligations of GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc.; payments depend on issuer/guarantor creditworthiness.

GS Finance Corp. offers non‑interest notes linked to the Class A common stock of Toast, Inc., guaranteed by The Goldman Sachs Group, Inc.

The notes have an upside participation rate of 125%, an automatic‑call feature that pays $1,381 per $1,000 face amount if the closing price on the call observation date is at or above the initial index stock price, and a trigger buffer level of 60%. Expected timeline: trade date March 19, 2026, original issue date March 24, 2026, call observation date March 19, 2027, and stated maturity date March 22, 2029. The estimated model value on the trade date is between $925 and $955 per $1,000 face amount. Payments at maturity depend on the final index stock price relative to the initial index stock price; declines beyond the 40% buffer (i.e., below the trigger buffer) result in pro rata principal loss, potentially up to a total loss. Payments are unsecured and subject to the issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the Russell 2000 Index that mature in March 2027. The notes pay no interest and settle in cash based on the Russell 2000 closing level from an initial underlier level set on March 10, 2026 to the determination date. If the final level is at or above the initial level the holder receives a capped $1,153 per $1,000 face amount. If the final level is between the buffer level and the initial level the holder receives the $1,000 face amount. If the final level is below the 90% buffer level, losses apply at a 1% loss of face per 1% decline below the buffer, possibly resulting in a substantial loss of principal. The offering size shown is $4,250,000. The pricing supplement discloses that the original issue price equals face amount, underwriting discount is 0.1%, and net proceeds are 99.9% of face amount. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the cap on upside at $1,153, and the potential for large principal loss are key features.

GS Finance Corp. is offering autocallable, contingent-coupon index-linked notes due March 26, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $7.209 per $1,000 (0.7209% monthly; ~8.65% annualized) only when the S&P 500®, Russell 2000® and Nasdaq-100 Index® each close at or above 70% of their initial levels on a coupon observation date.

If on any call observation date commencing in March 2027 the closing level of each index is greater than or equal to its initial level, the notes will be automatically called and investors receive the face amount plus the coupon on the related call payment date. If not called, the maturity payout depends solely on the lesser performing index versus its initial level and uses an 80% buffer level (buffer amount 20%), which can still result in substantial principal loss if the lesser performing index declines below the buffer thresholds. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are unsecured obligations and subject to the credit risk of the issuer and guarantor.

GS Finance Corp. offers callable, ETF‑linked notes maturing March 27, 2029. The notes pay a contingent monthly coupon of $6.334 per $1,000 face amount if each underlier closes at or above 50% of its initial level on observation dates; otherwise no coupon is paid.

Redemption may occur on monthly coupon payment dates beginning March 2027 at 100% of face plus any coupon then due. The maturity payout (if not redeemed) is linked to the lesser performing underlier; a final underlier below 50% of its initial level reduces principal pro rata. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering non-interest, principal-linked notes secured by a guarantee from The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Blue Owl Capital Inc. and are expected to have an original issue date of April 3, 2026 and a stated maturity expected April 5, 2029. The notes include an automatic call if the closing price of the index stock on the call observation date is greater than or equal to the initial index stock price, in which case each $1,000 face amount would pay $1,305 on the call payment date (expected April 5, 2027). If not called, the final payment at maturity depends on the index stock return measured from the trade date to the determination date (expected April 2, 2029): an upside participation rate of 200% applies to positive returns, declines down to 55% of the initial stock price produce positive returns equal to the absolute loss, and declines below 55% of the initial price (a drop greater than 45%) produce negative returns that can result in loss of principal. The preliminary estimated value on the trade date is $890–$930 per $1,000, while the original issue price is 100% of face amount. The notes are unsecured obligations of GS Finance Corp., are subject to issuer and guarantor credit risk, have limited anti-dilution protection, and may have limited secondary market liquidity.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes due September 23, 2027, guaranteed by The Goldman Sachs Group, Inc.

Each note has a $1,000 face amount. Coupons are contingent and paid quarterly only if the underlier, Meta Platforms, Inc. (META), closes at or above 60% of the initial underlier level on a coupon observation date. The notes are automatically called if the underlier closes at or above the initial level on any call observation date; called notes pay $1,000 plus any coupon then due. At maturity, if not called, the cash settlement equals $1,000 if the final underlier level is greater than or equal to the 60% trigger buffer; if below that buffer, the payment equals $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal. Trade date is March 19, 2026 and original issue date is March 24, 2026. Terms are "subject to the automatic call feature" and will be set on the trade date.

GS Finance Corp. offers $ Autocallable Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Russell 2000 and EURO STOXX 50 and may be automatically called on specified annual observation dates.

At maturity the cash payment is tied to the lesser performing underlier: investors receive $1,000 plus a capped premium of 57.00% if all underliers finish at or above initial levels, remain at par if between the trigger buffer and initial levels, or suffer a loss proportional to the lesser performing underlier return if it falls below the 60% trigger buffer. The notes do not bear interest and carry issuer/guarantor credit risk.

GS Finance Corp. offers Buffered Digital S&P 500® Index‑Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 (initial level 6,672.62 set on March 12, 2026), trade date March 13, 2026, original issue date March 18, 2026, determination date March 29, 2027 and stated maturity April 1, 2027.

Key economics: for each $1,000 face amount the capped cash payoff is a maximum settlement amount of $1,100 if the final level is ≥ the buffer level (90%). If the final level is below 90% the holder suffers a leveraged loss equal to approximately 1.1111% of face for each 1% decline below the buffer; notes pay no interest. The notes are obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; holders bear issuer/guarantor credit risk and could lose their entire investment.

GS Finance Corp. intends to offer floating rate notes guaranteed by The Goldman Sachs Group, Inc. under a preliminary prospectus supplement.

The notes pay interest equal to compounded SOFR plus a 1.15% spread, subject to the minimum interest rate of 0.50% per annum, with quarterly payments expected March 18, June 18, September 18 and December 18 beginning June 18, 2026, and a stated maturity expected to be March 18, 2033. Denominations are $1,000 and integral multiples. Goldman Sachs & Co. LLC acts as calculation agent. The notes will not be listed, are not FDIC insured, have no redemption right, and net proceeds are expected to be lent to The Goldman Sachs Group, Inc.

GS Finance Corp. is offering leveraged buffered notes linked to the State Street SPDR S&P 500 ETF Trust (SPY), with cash settlement based on performance from March 11, 2026 to the determination date. Each note has a $1,000 face amount, 120% upside participation subject to a $1,610 maximum settlement amount, and a 20% downside buffer (buffer level = 80% of the initial underlier level). The notes do not pay interest, are issued by GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc.. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity is July 5, 2030 (determination date July 1, 2030), each subject to adjustment. The initial underlier level is $676.33 (closing level on March 11, 2026). Investors bear issuer/guarantor credit risk, may lose a substantial portion of principal if the final underlier level declines below the buffer, and will not receive dividends or shareholder rights in the underlier.

The Goldman Sachs Group, Inc. is offering floating rate notes with an aggregate principal amount of $20,000,000 due March 13, 2031. Each note has a $1,000 principal denomination and bears interest at compounded SOFR plus a spread of 1.28%, subject to a floor of 0.00% and a cap of 6.00%. Interest is payable quarterly on March 13, June 13, September 13 and December 13, beginning June 13, 2026. Goldman Sachs & Co. LLC is the calculation agent and initial purchaser; the notes are unsecured, not FDIC insured, not listed, and may be supplemented by additional notes at the issuer’s sole option. The prospectus discloses hedging activity by the issuer and tax guidance treating the notes as variable rate debt instruments for U.S. federal income tax purposes.

The Goldman Sachs Group, Inc. is offering $5,000,000 aggregate principal of Callable Fixed Rate Notes due March 13, 2031. The notes pay interest at 4.75% per annum from the original issue date March 13, 2026 with semiannual interest dates on March 13 and September 13, and the first payment on September 13, 2026.

The notes are callable, in whole but not in part, on each redemption date on or after March 13, 2028, 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 per note ($5,000,000 aggregate); underwriting discount is 0.20% and proceeds before expenses to The Goldman Sachs Group, Inc. are $4,990,000.

GS Finance Corp. is offering structured, autocallable notes linked to the Class A common stock of CoreWeave, Inc. The notes reference an initial index stock price of $81.96 (set March 11, 2026), have an expected trade date of March 13, 2026, an original issue date expected to be March 18, 2026, and an expected stated maturity of March 15, 2029 unless automatically called.

The notes pay a monthly coupon of $35.417 per $1,000 face amount (3.5417% monthly, potential for ~42.5% per annum) only if the index stock closing price on a coupon observation date is ≥ 60% of the initial index stock price. They will be automatically called if the index stock closing price on a call observation date is ≥ the initial index stock price. At maturity, cash settlement depends on the index stock return vs. buffers: no loss above a -40% return (final price ≥ 60%); principal-only outcome between -50% and -40%; and pro rata losses below -50%. The prospectus discloses an estimated value on the trade date of $925 to $955 per $1,000 face amount and notes the obligations are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. intends to issue callable S&P 500® Futures Excess Return Index‑linked notes due March 20, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 400% and a trigger buffer of 70%. If the final underlier level exceeds the initial level, holders receive 4x the index return times $1,000 per face amount; if the final level is below 70% of the initial level, holders suffer downside and could lose their entire investment. The issuer may redeem the notes on quarterly call dates from March 22, 2027 through December 20, 2030 at specified call premium amounts. Trade date and original issue date are expected to be March 17, 2026 and March 20, 2026, respectively. The estimated value at pricing is between $885 and $925 per $1,000 face amount, which is below the original issue price.

GS Finance Corp. offers index-linked notes due April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the lesser performing of the MSCI EAFE and STOXX® Europe 600 indices measured from the trade date (expected March 31, 2026) to the determination date (expected March 31, 2031). For each $1,000 face amount, holders will either receive (a) $1,000 plus 220% participation of the lesser performing index return if that index return is ≥ 0%, (b) $1,000 if the final level of each index is ≥ 60% of its initial level, or (c) a reduced cash payment tied to the lesser performing index return if any index falls below 60% of its initial level.

The prospectus discloses an estimated value on the trade date between $885 and $935 per $1,000 face amount and notes that the original issue price is 100% of face. Payments are subject to the issuer and guarantor credit risk, U.S. federal tax uncertainties, potential FATCA and withholding rules, and limited secondary market liquidity.

GS Finance Corp. is offering callable contingent coupon index-linked notes due December 20, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $9.459 per $1,000 (0.9459% monthly, ~11.35% annually) only if each underlier meets a coupon trigger (70% of its initial level) on each coupon observation date.

Principal at maturity is paid in cash and determined by the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500). If that underlier is below its trigger buffer level (65% of initial), investors can incur principal loss, including loss of the entire investment. The issuer may redeem the notes in whole on coupon payment dates commencing in June 2026 — subject to the company’s redemption right.

GS Finance Corp. offers principal-protected contingent-notes linked to the S&P 500® Futures Excess Return Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have an expected trade date of March 26, 2026 and an expected stated maturity date of April 2, 2031. They pay no interest and include an automatic-call feature beginning on March 29, 2027, with increasing predefined call premiums for each call date (first call premium 12.7%, rising to 60.325% on the final listed call). At maturity, if not called, payout depends on the lesser performing underlier: full face amount if each final level is >= 70% of its initial level; otherwise repayment is reduced pro rata by the lesser performing underlier return. The pricing supplement shows an estimated value range of $885 to $935 per $1,000 face amount on the trade date and emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

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 (NVDA) and may be automatically called if the underlier's closing level on a call observation date is greater than or equal to the initial underlier level.

The notes pay a contingent monthly coupon of $12.834 per $1,000 (approx. 1.2834% monthly, ~15.4% pa) only when the underlier's closing level on a coupon observation date is at least 58% of the initial level. If not called, maturity cash is $1,000 if final level is at or above 58%; below that the cash payment equals $1,000 × (1 + underlier return), so investors could lose their entire investment if the final underlier level falls sufficiently.

GS Finance Corp. offers principal-protected contingent coupon notes linked to an equally weighted basket of Amazon.com, Shopify and Toast stock. The notes mature on March 13, 2031, may be redeemed at issuer option on quarterly dates from March 2027 through December 2030 at 100% of face plus any coupon, and pay a conditional quarterly coupon of $35 per $1,000 (3.5% quarterly; up to 14% per annum) only if the basket closing level on a coupon observation date is at least 70% of the initial basket level. At maturity holders receive $1,000 per $1,000 plus final coupon if the final basket level is ≥70% of initial; if final level is ≥50% but <70% they receive $1,000 (no coupon); if final level <50% they receive $1,000 × (1 + basket return), which can result in losing a majority of principal. Initial basket level = 100, trigger buffer = 50. Trade date: March 10, 2026; original issue date: March 13, 2026; issue price: 100%; estimated value on trade date: $931 per $1,000 face. Aggregate original face amount: $500,000. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured, cash-settled notes linked to the S&P 500® Index under a Pricing Supplement dated March 10, 2026. The offering shows an aggregate face amount of $2,000,000 and a face amount of $1,000 per note. The notes bear no interest and have an upside participation rate of 125% with a trigger buffer level of 70% of the initial underlier level (initial level 6,781.48).

The notes include an automatic call feature: if the closing level on the call observation date (March 17, 2027) is greater than or equal to the initial level, the issuer will pay $1,137.50 per $1,000 on the call payment date (March 22, 2027). If not called, the cash payment at stated maturity (March 15, 2029, determination date March 12, 2029) depends on the final underlier level: investors receive upside when the final level exceeds the initial level, full face amount if the final level is at or above the trigger buffer but at or below the initial level, and a loss proportional to the underlier return if the final level is below the trigger buffer—potentially a total loss of principal. The original issue price is 100% of face amount, underwriting discount 0.25%, net proceeds 99.75%. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc..

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Vanguard FTSE All-World ex‑US ETF‑linked notes due March 14, 2030 with an aggregate original face amount of $790,000. The notes pay no interest and return at maturity is linked to the ETF (VEU) performance measured from the trade date March 10, 2026 to the determination date March 11, 2030. The initial underlier level is $77.22 and the notes participate at a 100% upside rate subject to a cap level of 155%, producing a maximum settlement amount of $1,550 per $1,000 face amount. If the final level is equal to or below the initial level, holders receive only the face amount. The estimated model value on the trade date is approximately $954 per $1,000 face amount. Payments are subject to the credit risk of the issuer and guarantor, and GS&Co. is the calculation agent.

GS Finance Corp. is offering S&P 500®-linked, buffer-style notes under Pricing Supplement No. 22,993. The notes reference the S&P 500® Index with an initial underlier level of 6,795.99 set on March 9, 2026. For each $1,000 face amount, holders receive no interest and face a capped upside — a $1,100 maximum settlement amount at maturity — if the final underlier level on the determination date is at or above a 90% buffer level. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face amount for each 1% decline below the buffer and could lose their entire investment. The notes are senior debt of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., have an aggregate face amount of $10,509,000, trade date March 10, 2026, original issue date March 13, 2026, determination date March 23, 2027, and stated maturity March 26, 2027.

The offering price is 100% of face amount, with an underwriting discount of 1% and net proceeds to the issuer of 99% of face amount. These notes do not pay interest, are subject to the issuer and guarantor credit risk, have limited liquidity, and include material tax and valuation uncertainties described in the supplement.

GS Finance Corp. offers $3,000,000 aggregate face amount of SPDR® Gold Trust‑linked notes due March 26, 2027. These non‑interest bearing notes pay a cash settlement at maturity tied to the SPDR® Gold Trust (GLD) performance from an initial level of $472.53 set on March 9, 2026 to the determination date.

If the final underlier level is above the initial level, holders receive 100% participation in the upside up to a cap level of 113.22% (a maximum settlement of $1,132.20 per $1,000 face amount). If the final level is equal to or below the initial level, holders receive the greater of a minimum settlement of $950 or the face amount plus the underlier return. The estimated value on the trade date was approximately $989 per $1,000 face amount; original issue price is 100% with a 1% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest bearing notes linked to an equally‑weighted basket of six alternative-asset managers. The notes measure performance from the trade date to a determination date expected to be between 13 and 15 months after the trade date. If the final basket level is at least 85% of the initial level, holders receive a capped settlement (expected between $1,212.50 and $1,250 per $1,000 face amount). If the final level is below that buffer, losses apply at a buffer rate of approximately 117.65%, and investors could lose their entire investment. The estimated model value at pricing is $935–$965 per $1,000. Payments are subject to the issuer’s and guarantor’s credit risk and certain calculation‑agent discretions.

GS Finance Corp. is offering capped buffer notes linked to the Russell 2000® Index with an aggregate face amount of $12,744,000. The notes reference an initial underlier level of 2,585.573 set on March 5, 2026, a trade date of March 10, 2026, an original issue date of March 13, 2026, a determination date of April 12, 2027 and a stated maturity date of April 15, 2027.

Payments at maturity depend on the underlier return versus a 10% buffer (buffer level = 90% of initial). If the final level rises, holders receive the underlier return up to a maximum settlement amount of $1,255 per $1,000 face. If the final level is between the initial and the buffer level, holders receive $1,000. If the final level falls more than the buffer, losses occur pro rata below the buffer; the notes pay no interest.

GS Finance Corp. is offering callable S&P 500® index-linked notes due March 31, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount denominated in $1,000 increments, an original issue price of 100%, an underwriting discount of 2.5% and net proceeds of 97.5%. The notes pay no interest, participate 100% in positive index appreciation from the trade date (expected March 26, 2026) to the determination date (expected March 26, 2031) and return the face amount if the underlier return is zero or negative. The issuer may redeem the notes on specified quarterly call payment dates beginning April 1, 2027 at a cash amount equal to face plus a set call premium; call premium amounts range from at least 8.9% to at least 42.275% depending on the call date. The estimated value on the trade date is between $885 and $915 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering principal-protected-style notes linked to an equally weighted basket of Amazon.com, Inc., Shopify Inc. Class A and Toast, Inc. Class A. The notes mature on March 17, 2031 and pay a conditional quarterly coupon of $35 per $1,000 (i.e., 3.5% quarterly) when the basket closing level on an observation date is at or above 70% of the initial basket level.

The initial basket level is 100; a final basket level below 50% results in a pro rata loss at maturity; between 50% and 70% returns principal only. The issuer may redeem at 100% plus any coupon on quarterly dates from March 2027 through December 2030. The 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 Contingent Income Auto-Callable Securities linked to the common stock of NVIDIA Corporation due March 18, 2030. The notes are principal at risk: if the final share price is below the downside threshold (set at 50.00% of the initial share price), investors can lose a significant portion or all principal. Coupon payments are contingent quarterly amounts (the formula references at least $28.125 per $1,000 cumulative accrual) and are paid only if the underlying closing price on a coupon observation date is greater than or equal to the downside threshold. The securities are automatically called if the underlying closing price on any call observation date is greater than or equal to the initial share price, producing payment of principal plus the contingent coupon then due. The pricing supplement lists an estimated value range of $905 to $965 per security and an original issue price equal to principal with an underwriting discount of 2.50%.

GS Finance Corp. priced a capped buffer note tied to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $8,636,000, an original issue price of 100% of face and does not pay interest. The initial underlier level was 6,795.99 (set March 9, 2026), the determination date is March 23, 2027, and the stated maturity date is March 26, 2027.

Payoff: if the final S&P 500 level on the determination date is ≥ the buffer level (85% of the initial level) you receive the maximum settlement amount of $1,085.60 per $1,000 face. If the final level is below the buffer level you suffer losses at a rate of approximately 1.1765% of face for every 1% decline below the buffer; you could lose your entire investment. The notes are subject to issuer and guarantor credit risk, limited liquidity and uncertain tax treatment.

GS Finance Corp. offers structured notes due March 26, 2029 linked to the Dow Jones Industrial Average, the Nasdaq-100 Index and the Global X Copper Miners ETF (COPX). Coupons of $14.584 per $1,000 (1.4584% monthly; ~17.5% per annum) may be paid monthly if each underlier meets a 70% coupon trigger on observation dates.

If not redeemed, maturity payment depends on the lesser performing underlier: full face amount if each final level is ≥70% of initial; face amount only (no final coupon) if the lesser performing underlier is between 60% and 70%; and a proportionate loss if any final level is 60% (trigger buffer). The issuer may redeem monthly starting June 2026. Estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering $2,405,000 of Airbag In-Digital Securities linked to the S&P 500® Index, due June 4, 2027, guaranteed by The Goldman Sachs Group, Inc. (trade date March 10, 2026; original issue date March 13, 2026). The securities pay a digital return of 12.60% if the final index level on the determination date ( June 1, 2027) is at or above the downside threshold of 90.00% of the initial index level. If the final index level is below that threshold, holders suffer downside exposure equal to approximately 1.1111% loss of face amount for each 1.00% decline beyond the 10.00% threshold and may lose all principal. The estimated value on the trade date was approximately $9.94 per $10 face amount; original issue price is 100.00% of face. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., no interest is paid, and secondary-market liquidity may be limited.

GS Finance Corp. priced a structured note offering of $5,124,000 aggregate principal of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the Russell 2000® Index. The PLUS mature on September 14, 2028 with a valuation date of September 11, 2028, and may be increased at the issuer’s sole option.

Each $1,000 PLUS provides 150% leveraged upside up to a $1,325.00 cap (132.50% of principal), a 10.00% downside buffer, and a minimum payment of $100.00 (10.00% of principal). Payments are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. offers structured notes linked to the EURO STOXX 50 Index and the iShares® MSCI EAFE ETF. The notes have an upside participation rate of 165.5%, a buffer level equal to 80% of each initial underlier level (a 20% buffer amount), do not pay interest, and mature on March 15, 2029 (determination date March 12, 2029). Payment at maturity is driven by the lesser performing underlier: if that underlier finishes above its initial level you receive leveraged upside; if it finishes between the initial level and the buffer you receive the face amount; if it finishes below the buffer you suffer principal losses proportional to the shortfall. The offering is guaranteed by The Goldman Sachs Group, Inc., bears issuer and guarantor credit risk, and the pricing supplement states an aggregate face amount of $500,000.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due March 30, 2046. The notes bear interest at 6.00% per annum from the original issue date (expected March 30, 2026) with annual interest payments expected each March 30 beginning March 30, 2027.

The notes are callable by the issuer in whole (not in part) on scheduled redemption dates expected on each March 30, June 30, September 30 and December 30 on or after March 30, 2029, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC.

GS Finance Corp. is offering Market Linked Securities linked to the common stock of Netflix, Inc. with a $517,000 aggregate face amount at an original offering price of $1,000 per security. The notes are auto-callable on March 15, 2027 and mature on March 15, 2029.

Key economically material terms: starting price $96.94; upside participation 125.00%; call premium 22.00% ($220 per $1,000); threshold 30% (70% of starting price). Estimated value at pricing was approximately $960 per $1,000 face amount. Payments depend on Netflix closing prices on the call date or calculation day; investors face 1-to-1 downside below the threshold and may lose up to 100% of face amount. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $2,550,000 aggregate face amount of Airbag In-Digital Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities have a digital return of 15.00%, a downside threshold of 90.00% (threshold percentage 10.00%) and downside gearing of approximately 1.1111. Trade date is March 10, 2026, original issue date March 13, 2026, determination date August 31, 2027, and stated maturity September 3, 2027.

The estimated value on the trade date is approximately $9.94 per $10 face amount while the issue price is 100.00% of face. Payments at maturity depend on the final index level relative to the downside threshold and on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.; holders may lose some or all of their investment.