Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000‑face autocallable S&P 500® index‑linked notes with trade date March 27, 2026 and original issue date April 1, 2026. The notes pay no interest and may be automatically called on the call observation date; if called the issuer will pay $1,107.50 per $1,000 face amount on the call payment date.

If not called, the cash settlement at stated maturity April 3, 2031 depends on S&P 500 performance: an upside participation rate of 150%, a buffer level equal to 85% of the initial level (buffer amount 15% and buffer rate ≈ 117.65%). The notes are cash‑settled, may result in total loss if the final underlier level is below the buffer, and are subject to issuer and guarantor credit risk. The calculation agent is Goldman Sachs & Co. LLC (CUSIP 40058YEV0).

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-linked notes whose return is based on an equally weighted basket of Apollo Global Management, Blackstone and KKR. These non‑interest bearing notes have an expected trade date of March 12, 2026, an expected call observation date of March 12, 2027 (automatic call pays $1,200 per $1,000 face if the basket closing level is ≥ the initial level) and an expected stated maturity of March 17, 2031.

The initial basket level is 100, the upside participation rate is 184.8%, and the trigger buffer level is 50% of the initial basket level. At maturity holders receive $1,000 + $1,000 × 1.848 × basket return if the basket return is non‑negative; otherwise protection applies only down to a -50% basket return, below which losses are direct and can exceed 50%. The estimated value on the trade date is $885–$925 per $1,000 face amount.

GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index with a $1,000 face amount denomination. The notes mature on March 20, 2031 with final payoff determined on March 17, 2031.

The notes provide an upside participation rate of 180.25%, a buffer level of 80% (buffer amount 20%) and a buffer rate of 100%. If the final underlier is above the initial level, payoff equals principal plus participation times underlier return; if final level is between the buffer and initial level, you receive the face amount; if below the buffer, you incur losses pro rata of underlier decline.

GS Finance Corp. offers Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes link cash payments to the GSMBFC5 Index, have an upside participation rate of 100%, and feature annual automatic-call tests with increasing call levels and call premiums through March 17, 2032. Trade date is March 17, 2026 and original issue date is March 20, 2026. GS&Co. estimates the notes' value at issuance at $885 to $925 per $1,000 face amount. If not called, maturity is March 24, 2033, and at maturity holders receive either the principal or an upside payment tied to index return; if the final index level is equal to or below the initial index level, holders receive the face amount. The notes do not pay interest and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering $23,000,000 aggregate face amount of Trigger Autocallable Contingent Yield Notes due March 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons of $0.225 per $10 (up to 9.00% per annum) only if both underlying ETFs meet coupon barriers on observation dates and are subject to automatic redemption beginning March 2027 if each ETF closes at or above its initial ETF price.

The notes link to the lesser performing of SPY and KRE, have a downside threshold of 60.00% of initial ETF prices, an estimated trade-date value of approximately $9.59 per $10 face amount, and expose holders to market risk of the ETFs and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the Russell 2000® Index and the S&P 500® Index with an aggregate face amount of $1,632,000. Each $1,000 note pays at maturity either the face amount or, if both underliers finish above their initial levels, a positive return equal to the lesser performing underlier return subject to a maximum settlement amount of $1,130. The notes trade March 10, 2026, have an original issue date of March 13, 2026, a determination date of March 10, 2028, and a stated maturity date of March 15, 2028. The notes do not bear interest and expose holders to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. offers structured notes linked to the Russell 2000®, Nasdaq-100® and the VanEck Gold Miners ETF (GDX) with an aggregate original face amount of $2,614,000 and an original issue date of March 13, 2026. The notes mature on March 13, 2029 unless redeemed earlier.

Each $1,000 face amount can pay a monthly coupon of $13.50 (1.35% monthly, up to 16.2% p.a.) only if every underlier’s closing level on the coupon observation date is at least 65% of its initial level. At maturity the cash settlement depends on the lesser performing underlier with downside buffers at 60% (trigger buffer) and coupon triggers at 65%. The estimated value at pricing was approximately $949 per $1,000, below the issue price; underwriting discount was 1%.

GS Finance Corp. offers two‑year, zero‑coupon indexed notes guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $500,000 aggregate) are linked to an equally weighted basket of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF, trade date March 10, 2026, stated maturity March 15, 2028. For each $1,000 face amount, maturity pay‑off: full principal if final basket level ≥ 80% of initial; capped upside at $1,405 per $1,000 if basket return exceeds the cap (cap level = 140.5% of initial); if final basket level declines by more than 20%, payoff declines proportionally (loss = basket return + 20%). Initial basket level = 100; estimated value on trade date ≈ $985 per $1,000; original issue price = 100%, underwriting discount = 0.65%, net proceeds = 99.35%.

GS Finance Corp. offers callable S&P 500® Futures Excess Return Index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes are expected to trade on March 13, 2026, have an expected original issue date of March 18, 2026, and a stated maturity expected to be March 19, 2029. The payout at maturity depends on the performance of the S&P 500® Futures Excess Return Index versus the initial level: if the final level exceeds the initial level the investor receives $1,000 plus 232.5% participation in the index return; if the final level is between 80% and 100% of the initial level the holder receives the face amount; if below 80% the holder suffers a pro rata loss. The issuer may redeem the notes on monthly call payment dates beginning March 18, 2027, for cash equal to $1,000 plus a specified call premium; a table of call dates and call premium amounts is included. The estimated value on the trade date 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. offers non‑interest notes linked to a 6‑stock private equity basket. The notes (expected original issue date March 17, 2026, trade date March 12, 2026) mature expected April 14, 2027 and pay a cash settlement based on the basket return from March 11, 2026 to the determination date.

If the final basket level is ≥ 75% of the initial level, holders receive the capped $1,182.50 per $1,000 face amount. If below 75%, losses apply: the buffer rate is ~133.33%, so holders lose ~1.3333% of face for each 1% the final basket declines below 75%. Estimated value on the trade date is $935–$965 per $1,000. The notes are unsecured, subject to issuer and guarantor credit risk, limited anti‑dilution protection and limited secondary market liquidity.

GS Finance Corp. is offering autocallable EURO STOXX 50® Index-Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date for a fixed cash call payment of $1,145 per $1,000 face amount, and otherwise settle in cash at maturity based on the EURO STOXX 50® performance with a 150% upside participation and an 85% buffer level.

The offering price equals 100% of face amount, underwriting discount is 1.5%, and net proceeds to the issuer are 98.5%. The notes carry issuer and guarantor credit risk and expose investors to potential loss of principal, potentially the entire investment, if the final underlier level falls below the buffer level.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons only if both the Russell 2000® and the S&P 500® close at or above their coupon barriers on each observation date and may be automatically called beginning September 2026 if both indices meet or exceed their initial levels on a call observation date.

If not called, principal at maturity is contingent: holders receive $10 per $10 face amount only if both indices finish at or above their 60% downside thresholds; otherwise repayment is reduced pro rata by the lesser performing index return. The contingent coupon range is set between $0.19375 and $0.20625 per $10 per quarter (up to 7.75%–8.25% per annum range noted), the original issue price is 100.00% of face amount, underwriting discount 2.25%, and estimated model value on the trade date is between $9.50 and $9.80 per $10 face.

GS Finance Corp. is offering principal-protected-style notes linked to the S&P 500 Index, guaranteed by The Goldman Sachs Group, Inc. The notes have an upside participation rate of 120%, a trigger buffer of 70%, and pay no interest. The offering lists an aggregate face amount of $1,015,000, an original issue price of 100%, an underwriting discount of 2.75% and net proceeds to the issuer of 97.25%. The trade date is March 10, 2026, original issue date March 13, 2026, call observation date April 12, 2027 with call payment date April 15, 2027, and stated maturity March 15, 2029.

If the notes are automatically called on the call observation date because the closing level of the underlier is greater than or equal to the initial level, each $1,000 face amount would pay $1,106.50 on the call payment date. If not called, the amount at maturity depends on the final underlier level: gains at maturity participate at 120%, flat outcomes within the buffer result in return of principal, and declines below 70% expose investors to the full negative underlier return (you could lose your entire investment). The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-at-risk, cash-settled notes linked to the Russell 2000® Index. For each $1,000 face amount the notes pay no interest and mature on March 15, 2028 with final payoff determined on March 10, 2028 (subject to adjustment).

Key economics: upside participation of 200% subject to a maximum settlement amount of $1,300 per $1,000 face, a buffer at 90% of the initial level (buffer amount 10%) and a buffer rate of 100%. If the final level is below the buffer level, investors lose proportionally and may lose a substantial portion of principal. The offering is issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc. Trade date is March 10, 2026. Original issue price equals face amount; underwriting discount is 1%.

GS Finance Corp. offers $3,766,500 in Airbag In-Digital Securities linked to the S&P 500® Index due 2027, guaranteed by The Goldman Sachs Group, Inc. The securities pay a $10 face amount per unit and provide a 17.40% digital return at maturity if the final index level is greater than or equal to the 90.00% downside threshold of the initial index level (6,781.48). If the final index level is below that threshold, holders suffer downside exposure equal to approximately 1.1111% of face amount for every 1.00% decline beyond the 10.00% threshold and could lose their entire investment. Trade date is March 10, 2026, original issue date March 13, 2026, determination date November 30, 2027, and stated maturity date December 3, 2027. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc., and the estimated value at issuance (~$9.93 per $10 face) is less than the issue price.

GS Finance Corp. offers capped buffer GEARS linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities have an upside gearing of 2.00, an expected maximum settlement amount between $11.65 and $12.05 per $10 face (expected maximum return between 16.50% and 20.50%), a 10.00% buffer and a downside threshold of 90.00% of the initial index level. Trade date is expected March 27, 2026, original issue date expected March 31, 2026, determination date expected March 27, 2028, and stated maturity expected March 30, 2028. The estimated value on the trade date is expected to be between $9.45 and $9.75 per $10 face versus an original issue price of 100.00% of face (underwriting discount 2.00%, net proceeds 98.00%). Payments, including contingent principal at maturity, are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.; investors can lose a substantial portion of principal, up to 90.00% if the final index level is zero.

GS Finance Corp. / The Goldman Sachs Group, Inc. offers contingent income auto-callable notes linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited that mature March 23, 2029. Each $1,000 principal security may pay contingent quarterly coupons (formula uses at least $29.50) and is callable early if the ADS closing price on any call observation date is greater than or equal to the initial share price. If the final share price is at or above the downside threshold (set at 50.00% of the initial share price) you receive $1,000 at maturity (plus any final contingent coupon). If the final share price is below the downside threshold, payment at maturity equals $1,000 × (final share price / initial share price) and could be substantially less or zero. The pricing supplement states an estimated value range of $915 to $975 per security and an underwriting discount of 2.25%.

GS Finance Corp. offers callable 10‑Year CMT Rate‑Linked Range Accrual Notes guaranteed by The Goldman Sachs Group, Inc. The notes trade on an expected March 12, 2026 and have an original issue price of 100.00% of face amount. Interest, if any, is paid quarterly and is calculated by multiplying the 10.375% interest factor by the fraction of scheduled reference dates in an interest period on which the 10‑year CMT rate is ≤ the 4.60% reference rate barrier. The issuer may redeem the notes at par on quarterly redemption dates beginning on or after March 16, 2027. Stated maturity is expected March 16, 2033. The prospectus discloses an estimated value at pricing between $917.40 and $957.50 per $1,000 face amount and an underwriting concession up to 2.50%.

GS Finance Corp. is offering non‑interest bearing structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, with a trade date expected March 17, 2026, an original issue date expected March 20, 2026 and a stated maturity expected March 24, 2034.

Notes may be automatically called on scheduled observation dates beginning March 17, 2027 if the index closing level is ≥ 90% of the initial level; the maximum cash settlement at maturity is $2,656 per $1,000 face amount. The notes reference an index that uses up to 500% leverage, a daily 6% per annum decrement, and a cap on daily leverage change of 100%. The estimated value at pricing is expected between $885 and $925 per $1,000 face amount, below the issue price.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected-style notes tied to three private-equity stocks with an automatic call feature. The notes have a $1,000 face amount reference and an 311.5% upside participation rate; they may be automatically called on the call observation date for a minimum cash payment of $1,200 per $1,000 face amount. If not called, the maturity payoff depends on the performance of the lesser performing index stock, with a 30% buffer threshold and complex payoff formulas that can produce positive or negative returns. The estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is pricing contingent income callable notes due March 23, 2028. These are principal-at-risk, unsecured notes tied to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100®.

Each $1,000 note may pay a contingent quarterly coupon (illustrative minimum set at $30.00 per quarter in examples) only if each underlying index closes at or above a downside threshold of 70.00% of its initial index value on every index business day in the prior observation period. If any index is below its threshold during a period, that quarter’s coupon is $0.00. At maturity, if the worst-performing index is below its threshold, payment equals $1,000 multiplied by the worst-performing index performance factor (could be $0 to $700+ shown).

The issuer may redeem at its option on coupon dates from June 25, 2026 through December 23, 2027 at 100% of principal plus any coupon then due. Estimated value range at pricing is $920 to $980 per security; original issue price is 100% with a 2.00% underwriting discount. CUSIP 40058YF72.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income callable securities linked to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100® due March 23, 2028. The securities pay a contingent quarterly coupon of at least $21.875 per $1,000 only if each index closes at or above a 60.00% downside threshold on every index business day during the related quarterly observation period. If any underlying index falls below its downside threshold during a quarterly observation period, the coupon for that period is $0.00. At maturity (if not redeemed), holders receive $1,000 per security only if each final index value is >= the downside threshold; otherwise the maturity payment equals $1,000 times the worst performing index performance factor, which can be less than 60.00% of principal and could be zero. The issuer may redeem in whole (but not in part) on coupon dates from June 25, 2026 through December 23, 2027 at 100% of principal plus any coupon then due. Estimated value at pricing is in the range $920 to $980 per security and the underwriting discount is 2.00%.

GS Finance Corp. is offering contingent income auto-callable securities linked to the common stock of NVIDIA Corporation that mature on March 23, 2029 (expected original issue date March 25, 2026). Each security has a $1,000 stated principal and may pay a contingent quarterly coupon (at least $29.625 per coupon schedule) only if the underlying closing price on coupon observation dates is at or above a downside threshold equal to 50.00% of the initial share price. The securities are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc. and are automatically called if the underlying stock closes at or above the initial share price on any call observation date, in which case holders receive principal plus the contingent coupon then due. If not called and the final share price is below the downside threshold, holders suffer a 1:1 loss versus the share decline and may lose a significant portion or all principal. The pricing supplement states an estimated secondary-market value range of $910 to $970 per security and an underwriting discount of 2.25%. These securities do not provide upside participation in NVIDIA beyond returning principal and any contingent coupons and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Buffered Digital S&P 500® Index‑Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 index performance measured from the trade date to the determination date. For each $1,000 face amount, holders receive up to a capped $1,118 if the final underlier level is greater than or equal to the buffer level (set at 90% of the initial underlier level). If the final underlier level is below the buffer level, holders lose 1% of face for each 1% decline below the buffer (buffer amount 10%, buffer rate 100%), potentially losing a substantial portion of principal. Trade date is March 13, 2026, original issue date March 18, 2026, determination date June 14, 2027, and stated maturity June 17, 2027. The notes are senior unsecured obligations issued under GS Finance Corp.'s Medium‑Term Notes, Series F program and carry issuer/guarantor credit risk.

GS Finance Corp. is offering $Buffered Digital S&P 500® Index-Linked Notes due, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on S&P 500 performance from the trade date to the determination date. If the final underlier level is at or above the buffer level (90% of the initial level), holders receive a maximum settlement amount expected between $1,100.30 and $1,117.70 per $1,000 face amount. 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 have an expected term with the determination date roughly 15–17 months after the trade date and a stated maturity shortly thereafter; terms and dates are subject to adjustment. Investors bear issuer and guarantor credit risk and should note that the original issue price exceeds the notes' estimated model value and that secondary market liquidity is uncertain.

GS Finance Corp. is offering S&P 500® Index‑linked notes due March 23, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return, per $1,000 face amount, either the face amount or an upside equal to the S&P 500 return capped at a $1,135 maximum settlement amount. Key dates shown: trade date March 18, 2026, original issue date March 23, 2026, and determination date March 20, 2028. These notes are treated as contingent payment debt instruments for U.S. federal income tax purposes; purchasers must use the issuer‑computed comparable yield to determine taxable accruals. Pricing models used by GS&Co. value the notes below original issue price, and secondary market liquidity is not assured.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of 0.5417% per month (up to approximately 6.5% per annum) and are subject to an automatic call feature.

Coupons are paid only if each underlier (Nasdaq-100, Russell 2000, S&P 500) closes on a coupon observation date at or above a 65% coupon trigger level. If not called, the cash settlement at maturity on March 15, 2028 is based solely on the lesser performing underlier versus its initial level, with a 35% buffer amount and a 100% buffer rate; significant principal loss is possible.

GS Finance Corp. is offering Performance Leveraged Upside Securities (PLUS) linked to the Russell 2000® Index, expected to price on or about March 31, 2026 with an original issue date of April 6, 2026 and a stated maturity of July 6, 2027 (valuation date expected June 30, 2027, subject to adjustment). Each PLUS provides 300% leveraged upside on any positive index return up to a maximum payment of $1,226.00 per $1,000 principal. If the final index value is below the initial index value, principal is lost on a pro rata basis (1% loss per 1% index decline); there is no minimum payment.

The estimated model value at issuance is $910 to $970 per PLUS, original issue price is 100% of principal with an underwriting discount of 2.25%. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; investors are exposed to both issuers' credit risk.

GS Finance Corp. is offering autocallable, index-linked notes due April 1, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 and S&P 500 indices, have no interest, and include annual automatic-call provisions on specified observation dates.

The notes feature a 100% upside participation rate, a 15% buffer (buffer level = 85% of initial levels) and call premium amounts of 9%, 18% and 27% on the three annual call payment dates. If not called, the maturity payoff depends on the lesser performing underlier and can result in substantial losses; an example shows a final underlier level of 21.000% producing a cash settlement amount equal to 36.000% of face amount.

GS Finance Corp. is offering Auto-Callable Trigger PLUS notes linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc. The notes carry a 125.00% leverage factor and may be automatically called for at least $1,140 per $1,000 on the call payment date if the index on the call observation date is at or above the initial index value. If not called, the maturity payoff depends on the final index value: full principal plus a leveraged upside when the index is higher, full principal when the final index value is at or above 80.00% of the initial index value, and a pro rata loss down to zero if the final index value is below that downside threshold. Expected timeline key dates include pricing on or about March 31, 2026, original issue date April 6, 2026, call observation date expected April 7, 2027, and stated maturity date expected April 5, 2028. The estimated value range at pricing is $900 to $960 per $1,000 principal amount; original issue price is 100.00% with an underwriting discount of 2.50%.