Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA").

The notes pay a contingent quarterly coupon (calculated using $34.75 increments per observation schedule) only when the underlier closes at or above a 50% coupon trigger on coupon observation dates. The notes will be automatically called if the closing level of NVDA on any call observation date is greater than or equal to the initial underlier level. If not called, the cash settlement at maturity depends on the final underlier level: if the final level is at or above 50% of the initial level, principal is repaid (100%); if below 50%, the investor receives $1,000 × (final/initial), which can result in a total loss of principal. Trade date is March 16, 2026; stated maturity is March 23, 2029.

GS Finance Corp. priced a $10,000,000 offering of autocallable index-linked notes due March 9, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on March 19, 2027 for $1,111.30 per $1,000 face amount if both the S&P 500 and Russell 2000 are at or above initial levels set on March 6, 2026. At maturity (determination date March 6, 2028) if not called, payoff is based on the lesser performing index with a trigger buffer at 70% of the initial level and a capped maximum cash payoff of 122.26% of face amount. Estimated value at pricing was approximately $992 per $1,000 face amount; original issue price equals face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. offers $1,000,000 aggregate face amount of autocallable S&P 500® Index‑linked notes due September 10, 2027, guaranteed by The Goldman Sachs Group, Inc.

Each note has a $1,000 face amount and pays no interest. Notes will be automatically called on March 15, 2027 if the S&P 500 closing level is at or above the initial level of 6,740.02, producing a cash payment of $1,111.50 per $1,000 on the call payment date. If not called, final payment at maturity on September 10, 2027 depends on index performance measured from March 6, 2026 to the determination date (September 7, 2027) with a 125% upside participation rate capped at a $1,150 maximum per $1,000 and a trigger buffer at 70% of the initial level. Investors may receive the face amount or suffer losses (including a potential total loss) if the final index level falls below the trigger buffer. The estimated value on the trade date is approximately $981 per $1,000 face amount; original issue price is 100% and underwriting discount is 0.3%.

GS Finance Corp. offers non-interest notes linked to an equally weighted basket of Amazon, Broadcom, Microsoft, NVIDIA and Oracle. The notes are expected to mature on March 20, 2031 and are automatically callable beginning on March 15, 2027 with specified call premiums.

The notes feature a 150% upside participation rate if the final basket level exceeds the initial level of 100; if the final basket level falls below 60 (-40% return) holders absorb declines pro rata. The estimated model value at pricing is $885–$925 per $1,000 face amount. Payments depend on the basket on specific observation dates and are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. is offering notes with an aggregate face amount of $300,000 linked to the Nikkei 225. The notes pay no interest and mature on March 13, 2031 (determination date March 10, 2031), with settlement in cash based on the Nikkei 225 performance from the trade date to the determination date.

If the final underlier level is above the initial level, the cash payment equals $1,000 plus $1,000 times the 127% upside participation rate times the underlier return. If the final level is equal to or below the initial level, the cash payment equals $1,000 plus $1,000 times the underlier return, which can result in a loss of principal (you could lose your entire investment). The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. and bear an underwriting discount of 4.1% (net proceeds to issuer: 95.9% of face amount).

GS Finance Corp. is offering structured notes linked to the Nasdaq-100 Index, the Russell 2000 and the VanEck Semiconductor ETF with an expected stated maturity of September 23, 2027. Coupons of $10.5 per $1,000 (1.05% monthly, 12.6% annualized) may be paid monthly if each underlier is at or above 60% of its initial level on coupon observation dates. Notes are automatically called if all underliers are at or above their initial levels on a call observation date beginning September 2026. At maturity, if any underlier is below 60% of its initial level, the cash settlement is based on the lesser performing underlier and could result in a loss of principal; estimated initial model value is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 150% and a buffer level of 85%. If the call observation date closing level is greater than or equal to the initial underlier level, the notes will be automatically called and pay $1,102 per $1,000 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: upside participation above initial, par if above the buffer, or a buffer-adjusted loss below the buffer (you could lose your entire investment). Trade date: March 11, 2026; original issue date: March 16, 2026; determination date: March 10, 2028; stated maturity date: March 15, 2028. Original issue price is 100% of face amount with an underwriting discount of 1.5% (net proceeds 98.5%).

GS Finance Corp. offers $1,940,000 aggregate Leveraged Basket‑Linked Notes due March 13, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on a weighted five‑index basket measured from the trade date March 9, 2026 to the determination date March 9, 2029. The initial basket level is 100, the upside participation rate is 165.19%, and for each $1,000 face amount you receive $1,000 plus the basket return multiplied by the participation rate if the basket is positive; otherwise you receive $1,000 plus the basket return (which can result in total loss). The estimated value on the trade date was approximately $965 per $1,000.

GS Finance Corp. is offering $11,500,000 aggregate face amount of Trigger Callable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.24275 per $10 face amount (up to 9.71% per annum) only if each underlier meets its coupon barrier on observation dates. The notes are linked to the lesser performing of the S&P 500, Russell 2000 and the iShares MSCI EAFE ETF with trade date March 9, 2026, original issue date March 12, 2026, and stated maturity March 13, 2031. Commencing June 2026 through December 2030, the issuer may redeem on any coupon payment date at 100% of face plus any contingent coupon then due. If not redeemed and any underlier’s final level is below its downside threshold (65% of initial level), holders will receive a cash settlement reflecting the lesser performing underlier return and could lose up to the full investment. The estimated model value at pricing was approximately $9.89 per $10 face amount; original issue price equals 100% of face amount.

GS Finance Corp. offers $45,500,000 in aggregate face amount of Step Down Trigger Autocallable Notes due 2031, guaranteed by The Goldman Sachs Group, Inc., with a $10 face amount per note. The notes are linked to the least performing of the S&P 500® Index, the EURO STOXX 50® Index and the Invesco S&P 500® Equal Weight ETF and may be automatically called on semi-annual call observation dates beginning about 12 months after the strike date.

If automatically called, holders receive $10 plus $10 times the applicable call return; the call return increases the longer the notes remain outstanding. If not called, the cash settlement at maturity is $10 plus $10 times the lesser performing underlier return, exposing holders to full downside (downside threshold is 90.00% of each initial underlier level). The estimated value at pricing was approximately $9.79 per $10 face amount and the original issue price equals face amount. Payments depend on issuer and guarantor creditworthiness.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering linked, principal‑protected notes tied to the S&P 500® Index. The aggregate face amount is $1,400,000. The notes pay no interest and mature on March 14, 2028 (determination date March 9, 2028).

Payoff per $1,000 face: if the final underlier level is greater than the initial level you receive $1,000 + $1,000 × underlier return but capped at a $1,137 maximum settlement amount; if final ≤ initial you receive the $1,000 face amount. The original issue price is 100% and underwriting discount is 0.55%.

Key considerations: the notes expose holders to the issuer/guarantor credit risk, carry no shareholder rights in the underlier stocks, are treated as contingent payment debt for U.S. tax purposes (comparable yield 4.22%, projected payment $1,088.74), and secondary market liquidity is not guaranteed.

GS Finance Corp. is offering medium‑term notes with an aggregate face amount of $7,090,000 under a pricing supplement dated March 9, 2026. The notes pay no interest and settle in cash at maturity based on the performance of the S&P 500 Index measured from the initial level on March 6, 2026 to the determination date.

If the final underlier level on the determination date is greater than or equal to the buffer level (85% of the initial underlier level), each $1,000 face amount will pay the capped maximum settlement amount of $1,080.50. If the final underlier level is below the buffer level, losses occur: the notes lose approximately 1.1765% of face amount for each 1% decline below the buffer and investors could lose their entire investment. Key dates include trade date March 9, 2026, original issue date March 12, 2026, determination date March 22, 2027 and stated maturity date March 25, 2027. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.; underwriting discount is 1% (net proceeds 99%).

GS Finance Corp. offers structured, non‑interest notes linked to an equally weighted basket of Adobe, Intuit and Palantir stock. The notes have a face amount of $339,000 aggregate on original issue date March 12, 2026, an original issue price of 100% and an estimated initial value of approximately $962 per $1,000 face amount.

Notes mature on March 13, 2031 (determination date March 10, 2031) and are automatically called if the basket closing level on the call observation date (March 9, 2027) is ≥ the initial basket level (100), paying $1,200 per $1,000. At maturity, payout depends on the basket return, the upside participation rate of 127.85% and a trigger buffer at 50% of the initial basket level; downside can result in payments below face amount, including losses that can exceed 50%.

GS Finance Corp. priced leveraged basket-linked notes due March 12, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $1,200,000 on the original issue date and reference a weighted basket of five indices with an initial basket level of 100.

Holders receive no interest; at maturity each $1,000 face amount pays either (i) $1,000 plus $1,000×174.7%×(basket return) if the final basket level exceeds the initial level, or (ii) $1,000 plus $1,000×(basket return) if the final basket level is zero or negative. The trade date is March 9, 2026, original issue date is March 12, 2026, and determination date is March 10, 2031.

GS Finance Corp. offers capped GEARS linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities provide leveraged upside exposure with an upside gearing of 3.00 up to a capped maximum return expected to be between $11.20 and $11.44 per $10 face amount (an expected maximum return of 12.00% to 14.40%), and full downside market exposure.

Key terms set on the trade date: March 23, 2026 (trade date), original issue date March 26, 2026, determination date April 23, 2027, and stated maturity date April 28, 2027. The estimated value at pricing is between $9.45 and $9.75 per $10 face amount; original issue price is 100.00% of face, underwriting discount 2.00%, net proceeds to issuer 98.00%.

Payments depend on the final index closing level on the determination date and on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.; investors may lose some or all principal and should review tax, liquidity and model-valuation risks described herein.

GS Finance Corp. offers Index-Linked Notes due March 14, 2029 (guaranteed by The Goldman Sachs Group, Inc.) linked to the lesser performing of the MSCI EAFE and EURO STOXX 50® from the trade date March 9, 2026 to the determination date March 9, 2029. The notes pay no interest; principal repayment per $1,000 face amount depends on the lesser underlier return and an upside participation rate of 142.35%. A 65% trigger buffer produces asymmetric outcomes: if both underliers finish ≥65% of initial levels, negative returns can become positive by taking the absolute lesser return; if any underlier finishes below 65% of its initial level, losses equal the lesser performing return. Initial underlier levels are 2,918.95 (MSCI EAFE) and 5,685.20 (EURO STOXX 50®). The estimated value at pricing was approximately $979 per $1,000 face amount; original issue price is 100% (underwriting discount 0.6%, net proceeds 99.4%). Risks include credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., tax uncertainty, potential illiquidity, and the notes' structural asymmetry that can convert modest index moves around the 65% buffer into large changes in investor return.

GS Finance Corp. is offering EURO STOXX 50® Index‑Linked Notes due April 1, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity is tied to the underlier's performance from the trade date to the determination date.

Key terms include an upside participation rate of at least 150.4%, a trigger buffer level at 60% of the initial underlier level (a trigger buffer amount of 40%). If the final underlier level is at or above the initial level, you receive principal plus upside participation. If the final level is below the initial level but at or above the trigger buffer level, you receive principal plus the absolute underlier return. If the final level is below the trigger buffer level, you lose an amount equal to the underlier return times the face amount and could lose your entire investment. The notes are subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. is offering index-linked notes due March 19, 2027 (guaranteed by The Goldman Sachs Group, Inc.) that pay no interest and return is tied to the lesser performing of three indices measured from March 6, 2026 to March 16, 2027. For each $1,000 face amount, the maximum settlement amount is $1,085 if each index finishes at or above 75% of its initial level; otherwise losses apply and investors can lose their entire investment. Key terms: initial issue price 100%, underwriting discount 0.2%, net proceeds 99.8%, estimated value at pricing approximately $994 per $1,000, aggregate face amount $7,500,000. Notes are unsecured, subject to issuer and guarantor credit risk, have uncertain U.S. tax treatment and limited secondary market liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable, principal-at-risk notes linked to the S&P 500®, the Russell 2000® and the VanEck Semiconductor ETF. The notes do not bear interest, have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026, and an expected stated maturity of March 27, 2031.

If, on any call observation date beginning March 22, 2027, the closing level of each underlier is greater than or equal to its initial level the notes will be automatically called for $1,000 plus a call premium (e.g., 23.7% on first call). If not called, the maturity payment is based on the performance of the lesser performing underlier with a trigger buffer at 60% of the initial level: if the lesser performing underlier finishes below that buffer you may suffer substantial principal loss; upside participation is 100%.

GS Finance Corp. is offering non‑interest, equity‑linked notes tied to the common stock of NVIDIA Corporation with an aggregate face amount of $1,530,000. The notes mature on March 9, 2028 but will be automatically called if NVIDIA’s closing price on the March 19, 2027 call observation date is greater than or equal to the initial index stock price of $177.82. If called, each $1,000 face amount pays $1,284.5 on the call payment date (March 24, 2027).

If not called, the payment at maturity depends on the index stock return measured from March 6, 2026 to the determination date (scheduled March 6, 2028). Key terms: threshold settlement amount $1,569, upside participation 100%, and a trigger buffer price 70% of the initial index stock price. Investors can lose all or a substantial portion of principal if the final index stock price declines by more than 30%. The estimated value on the trade date was approximately $967 per $1,000. Original issue price: 100%; underwriting discount: 1.5%; net proceeds to issuer: 98.5%.

GS Finance Corp. is offering ETF-linked notes due March 13, 2031 that pay no interest and whose cash payment at maturity is linked to the lesser performing of the Invesco QQQ, Series 1 (QQQ) and the State Street SPDR S&P 500 ETF (SPY).

For each $1,000 face amount, if both ETFs finish at or above their initial levels, holders receive $1,000 plus 1.07x of the lesser-performing ETF return; if either ETF finishes between 85% and 100% of its initial level, holders receive $1,000; if the lesser-performing ETF finishes below 85%, the payment equals $1,000 times (lesser ETF return + 15%), which can result in significant principal loss. The aggregate initial face amount is $1,513,000, original issue price 100%, underwriting discount 4.125%, and the estimated value on the trade date was approximately $945 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable index-linked notes tied to the Dow Jones Industrial Average, Russell 2000 and EURO STOXX 50. The notes trade with an expected trade date of March 11, 2026, an original issue date expected March 18, 2026, and a stated maturity expected March 19, 2029.

The notes pay no interest, are automatically called on the call observation date if each index is ≥ 90% of its initial level (call payment expected March 25, 2027) for a capped cash payment of $1,203 per $1,000 face amount. If not called, the maturity payoff depends on the lesser performing index with a 150% upside participation if all final levels exceed initial levels, a return of face amount if all final levels are ≥ 70%, and potential principal loss (down to 0%) if the lesser performing index falls below 70%. The estimated value on the trade date is between $925 and $955 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest notes linked to an equally weighted basket of eight stocks. The notes have an initial basket level of 100, a 125% upside participation rate, a 15% buffer (buffer level 85%) and may be automatically called on the call observation date March 19, 2027 for $1,202.6 per $1,000. If not called, maturity is March 9, 2028 with cash settlement formulas that pay principal plus upside when the final basket level is above 100, return principal if the final basket level is between 85% and 100%, and apply the buffer rate (approximately 117.65%) to losses beyond the 15% buffer below the initial level. The estimated value at pricing was approximately $947 per $1,000. Original issue price is 100%, underwriting discount 1.5%, net proceeds 98.5%, aggregate face amount initially $500,000.

GS Finance Corp. is offering structured, non‑interest‑bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes link to the EURO STOXX 50® Index with an upside participation rate of 182.5%, a stated maturity of March 13, 2031, and a determination date of March 10, 2031.

The pricing supplement shows an aggregate face amount of $321,000, an original issue price of 100% of face amount, an underwriting discount of 4.1%, and net proceeds to the issuer of 95.9% of face amount. At maturity the cash payment per $1,000 face equals $1,000 plus upside participation times the underlier return if the final level is greater than the initial level; if the final level is equal to or lower, the cash payment equals $1,000 plus the underlier return, which can result in a loss of principal up to the entire investment.

GS Finance Corp. offers $5,580,000 of autocallable STOXX® Europe 600 index-linked notes due March 10, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called if the STOXX Europe 600 closing level on the call observation date (scheduled March 12, 2027) is greater than or equal to the initial index level of 604.83. If called, each $1,000 face amount pays $1,177 on the call payment date (March 17, 2027).

If not called, maturity payment on the determination date (March 5, 2031) depends on index performance: positive returns pay 200% participation of the index return; declines up to 25% return principal ($1,000); declines beyond 25 expose investors to proportional losses and possible loss of the entire investment. The estimated value at trade date is approximately $964 per $1,000 face amount; original issue price is 100% with a 0.15% underwriting discount and net proceeds of 99.85%.

GS Finance Corp. is offering contingent monthly coupon notes linked to the common stock of Tesla, Inc. with an aggregate face amount of $975,000, issued March 12, 2026 and maturing September 13, 2027, subject to the company’s redemption right. Coupons are payable monthly at $12.292 per $1,000 (1.2292% monthly, the potential for up to approximately 14.75% per annum) only if the underlier closes at or above the coupon trigger level of 50% of the initial underlier level on each observation date. The initial underlier level is $398.68; the trigger buffer level is 50% of that level. At maturity you receive $1,000 per $1,000 face amount if the final underlier level is greater than or equal to the trigger buffer level; otherwise you receive $1,000 + ($1,000 × underlier return), which could result in a complete loss of principal. The issuer may redeem the notes at its option on coupon payment dates commencing in June 2026 through August 2027.

GS Finance Corp. offers a $250,000 aggregate face amount series of callable, equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 100% and reference Amazon, Meta Platforms, Microsoft and NVIDIA. They may be automatically called on quarterly observation dates beginning March 9, 2027 with graduated call premiums (first call premium 9.35%). If not called, maturity is tied to the performance of the lesser performing underlier on the determination date with a stated maturity of March 13, 2031. Issue price is 100% of face amount; underwriting discount is 3.8%, net proceeds 96.2%.

GS Finance Corp. offers structured, non‑interest notes backed by The Goldman Sachs Group, Inc. guarantee. The notes reference an equally weighted basket of five stocks with an initial basket level of 100, an upside participation rate of 175%, a trigger buffer level of 60%, a call observation date of March 9, 2027, a call payment date of March 16, 2027, and a stated maturity date of March 16, 2028.

If automatically called, each $1,000 face amount pays $1,280. At maturity holders receive $1,000 plus 175% of positive basket return, $1,000 if basket return is between 0% and -40%, or a reduced principal if basket return is worse than -40%. The estimated value on the trade date is approximately $938 per $1,000 face amount; original issue price is 100%.

GS Finance Corp. offers $2,432,000 aggregate face amount of medium‑term notes tied to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry a 200% upside participation rate, and include an automatic call feature.

If automatically called on the call observation date, the issuer will pay $1,305.80 per $1,000 face amount on the call payment date. If not called, the cash settlement at the stated maturity depends on the final underlier level versus the initial level and a 70% trigger buffer, meaning investors can lose up to their entire investment if the final underlier level is below the trigger buffer. The notes mature on March 13, 2031 (determination and maturity dates are subject to adjustment).

GS Finance Corp. offers contingent quarterly‑coupon, autocallable notes tied to NVIDIA Corporation common stock. The pricing supplement sets an aggregate face amount of $527,000 and an original issue price of $1,000 per note, with a 2.75% underwriting discount and net proceeds of 97.25% of face.

Coupons of $39.375 per $1,000 (a potential 15.75% per annum) are paid quarterly only if the underlier closes at or above 60% of the initial level on observation dates. Notes are automatically called if the underlier closes at or above the initial level on any call observation date; maturity payment depends on final underlier performance (full loss possible if final level < trigger buffer). Trade date is March 9, 2026 and stated maturity is March 14, 2029.

GS Finance Corp. is offering medium-term, cash-settled notes linked to the EURO STOXX 50® Index with an aggregate face amount of $4,063,000. The notes pay no interest, carry an upside participation rate of 200% and include an automatic call feature.

If the notes are automatically called on the call observation date, each $1,000 face amount will receive $1,128.60 on the call payment date. If not called, the maturity payout depends on the final underlier level versus the initial level and a trigger buffer of 70%; a final level below 70% could cause a loss of up to the entire investment. Trade date is March 9, 2026, original issue date March 12, 2026, call observation date March 15, 2027, determination date March 10, 2031 and stated maturity date March 13, 2031.

GS Finance Corp. is offering principal-protected contingent notes linked to the S&P 500® Index with an aggregate face amount of $970,000. The notes pay no interest, may be automatically called on the call observation date and mature on the stated maturity date if not called. If automatically called, each $1,000 face amount yields $1,128 on the call payment date. If not called, maturity payoffs depend on the final underlier level: an upside participation rate of 125% applies to positive returns; a buffer of 85% limits losses per the disclosed buffer formula, and losses can result in a total loss of invested principal. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., carry issuer and guarantor credit risk, are not bank deposits, and are not FDIC insured.

GS Finance Corp. is offering structured, autocallable notes tied to three individual stocks. The notes have a $1,000 face amount per note, an expected trade date of March 17, 2026, an expected original issue date of March 20, 2026, and an expected stated maturity of March 26, 2029. Coupons may pay monthly if each index stock meets a 60% threshold on observation dates; automatic redemption begins on observation dates commencing in March 2027. At maturity, unpaid principal depends on the lesser performing index stock with a 50% trigger buffer; a final index return below -50% can cause losses exceeding 50% of principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. files a preliminary prospectus supplement to offer non‑interest bearing, autocallable notes linked to an equally weighted basket of 8 stocks. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer of 10% (buffer level 90%), an expected call observation date of March 23, 2027 and an expected stated maturity of March 15, 2028. If called, each $1,000 face amount would pay $1,206.3 on the call payment date; at maturity payments depend on the final basket level and may be less than principal. The estimated value at pricing is between $900 and $930 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; holders are exposed to issuer and guarantor credit risk and have no shareholder rights in the basket stocks.

GS Finance Corp. is offering autocallable index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the STOXX® Europe 600 and the S&P 500®, have an expected trade date of March 13, 2026, expected original issue date of March 18, 2026 and an expected stated maturity of March 18, 2031. The notes pay no interest and may be automatically called on the call observation date (expected March 15, 2027) if each index is ≥ its initial level; the automatic call payment would be $1,170.508 per $1,000 face amount. At maturity the payoff is based on the lesser performing index: if both indices finish above their initial levels you receive 200% participation in the lesser performing index return; if any index is ≥ 75% of its initial level you receive the face amount; if any index is < 75% you receive an amount tied to the lesser performing index return and could lose principal. The estimated value at pricing is approximately $885–$925 per $1,000 face amount. Investors remain subject to issuer and guarantor credit risk and to index, market, FX and tax risks.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable S&P 500® Index‑linked notes with a $1,000 face amount reference per note. The notes have an expected trade date of March 11, 2026, an original issue date of March 16, 2026, an expected call observation date of March 24, 2027 and a stated maturity date of March 16, 2028.

If the closing level of the S&P 500® Index on the call observation date is greater than or equal to the initial index level, the notes will be automatically called and pay $1,096.2 per $1,000 face amount on the call payment date. At maturity (if not called), payoffs: a) if final index level ≥ initial level, the greater of the threshold settlement amount $1,192.4 or principal plus participation (100% upside); b) if decline ≤ 30%, return of $1,000; c) if decline > 30, a proportional loss (you could lose most or all of your investment). The estimated value on the trade date is between $900 and $930 per $1,000 face amount.

GS Finance Corp. offers callable contingent coupon index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of at least $20.125 per $1,000 (at least 2.0125% quarterly, up to 8.05% per annum) when both underliers meet coupon triggers.

Payment at maturity is based on the performance of the lesser performing underlier (the Russell 2000® and the S&P 500®). The coupon trigger and trigger buffer levels equal 55% of each initial underlier level. The issuer may redeem the notes on coupon payment dates beginning in October 2026. The prospectus warns you could lose your entire investment and highlights issuer and guarantor credit risk and that the estimated value at issuance is less than the original issue price.

GS Finance Corp. is offering $ Callable Contingent Coupon Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices, pay a contingent quarterly coupon of at least 1.7125% (at least 6.85% per annum) when each underlier is at or above a 55% coupon trigger, and mature on April 1, 2031.

Trade date is March 27, 2026 and original issue date is April 1, 2026. The issuer may redeem the notes in whole (but not in part) on coupon payment dates commencing in October 2026 through January 2031. At maturity, the cash settlement per $1,000 face amount is either $1,000 or $1,000 plus $1,000 multiplied by the lesser performing underlier return; upside at maturity is capped at 100% of face amount. Investors bear issuer/guarantor credit risk and may lose their entire investment if the lesser performing underlier falls sufficiently below its trigger buffer.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500® Index‑linked notes with an expected trade date of March 27, 2026, original issue date of April 1, 2026 and a stated maturity expected to be October 2, 2031. Each note has a $1,000 face amount and pays no interest; maturity payment depends on the S&P 500® Index return from the trade date to the determination date.

Key economic terms set on the trade date include an upside participation rate of 100%, a cap level of at least 154.4% (maximum settlement amount of at least $1,544 per $1,000 face amount) and a minimum settlement amount of $900. The estimated value at term‑setting is expected to be between $885 and $935 per $1,000 face amount. Notes are unsecured obligations of the issuer, are guaranteed by Goldman Sachs, and are subject to the issuer’s and guarantor’s credit risk; secondary market liquidity is not assured.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due March 15, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes have an initial underlier level of 6,781.48, an upside participation rate of 200% and a buffer level of 85%. If the closing level on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay $1,094.10 per $1,000 face amount on the call payment date. If not called, maturity payoffs vary by final underlier level, including scenarios where investors can lose a substantial portion or all of their investment. Trade date is March 11, 2026 and original issue date is March 16, 2026. The offering price is 100% of face amount with an underwriting discount of 1.5% and net proceeds of 98.5%.

The Goldman Sachs Group, Inc. offers callable fixed-rate medium-term notes due March 13, 2031 bearing interest at 4.75% per annum, with interest expected to accrue from the original issue date (expected March 13, 2026) and payable semiannually on expected March 13 and September 13 each year.

The notes are callable in whole (but not in part) on expected semiannual redemption dates on or after March 13, 2028 at 100% of principal plus accrued interest, with at least five business days’ notice. The offering will settle through DTC in New York on expected March 13, 2026. The pricing supplement supplements the February 14, 2025 prospectus and prospectus supplement and incorporates standard tax, distribution, and jurisdictional sale restrictions.

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® and Russell 2000® indices, have a face amount of $1,000 per note, a monthly coupon of $5.917 (0.5917% monthly, ~7.1% annually) when both indices meet triggers, and an expected stated maturity of April 3, 2031.

Notes may be automatically called on observation dates if both indices trade at or above their initial levels (initial levels set on the trade date, expected March 27, 2026). The principal at maturity (if not called) is determined by the lesser-performing index versus buffer levels (85% buffer, 80% coupon trigger), exposing holders to substantial downside; estimated value on the trade date is between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The securities pay based on the index performance, may be automatically called on March 22, 2027, and mature on March 18, 2031 if not called. Key economics: $10 face amount, 2.00 upside gearing, 75.00% downside threshold, and a call return expected between 16.50% and 17.10%. The estimated value at issuance is between $9.40 and $9.70 per $10 face amount and the original issue price equals face amount less a 2.00% underwriting discount. Payments depend on index levels on the call observation date and determination date and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering non‑interest notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (the underlier). The notes have an expected trade date of March 16, 2026, an original issue date of March 19, 2026, and an expected stated maturity date of March 23, 2034. The notes are subject to automatic redemption on specified call observation dates beginning in March 2027 if the closing level of the underlier is greater than or equal to the initial underlier level. If not called, maturity payoff depends on the underlier return, is capped at a $2,632 maximum settlement per $1,000 face amount, and includes a 6.0% per annum daily decrement. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are subject to the issuer and guarantor credit risk and investors may lose their entire investment.

GS Finance Corp. offers medium-term notes linked to the common stock of Tesla, Inc. The notes pay a contingent quarterly coupon of $36.20 per $1,000 (3.62% quarterly, up to 14.48% per annum) only when the underlier closing level on an observation date is at least 50% of the initial underlier level. The notes are automatically called early if the underlier closes at or above the initial underlier level on any call observation date.

At maturity (stated maturity March 14, 2029), if the notes are not called the cash settlement per $1,000 depends on the final underlier level: if the final level is below the 50% trigger buffer level you bear downside equal to the underlier return and could lose your entire investment. The offering is backed by a guarantee from The Goldman Sachs Group, Inc., aggregate face amount shown as $5,235,000, original issue price 100% with underwriting discount 2%.

GS Finance Corp. is offering autocallable EURO STOXX 50® Index-linked notes due March 16, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note may be automatically called on the March 24, 2027 call observation date if the underlier's closing level is greater than or equal to the initial level; the call payment would be $1,142 per $1,000. If not called, maturity payoffs on March 16, 2028 depend on the final underlier level: upside participation is 150%, a buffer applies at 85% of the initial level, and the buffer rate is approximately 117.65%. The notes pay no interest, are cash-settled, and expose investors to issuer and guarantor credit risk and potential complete loss of principal if the final underlier level is sufficiently low.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes are expected to trade on March 27, 2026 with an original issue date of April 1, 2026 and a stated maturity expected on April 1, 2031. Coupons are discretionary and may total up to 6.75% per annum (paid quarterly) only when the index closing level on a coupon observation date is at least 70% of the initial level. The index applies leverage (up to 500%), a daily cap on leverage change, and a 6.0% per annum daily decrement. The estimated indicative value on the trade date is between $885 and $935 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering fixed‑coupon underlier‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a coupon of $8.459 per $1,000 (0.8459% monthly, ~10.15% per annum) with an expected trade date of March 11, 2026 and an expected stated maturity of March 16, 2028.

Principal at maturity (per $1,000 face amount) is linked to the performance of two underliers: the Invesco QQQ, Series 1 (initial level $607.77) and NVIDIA Corporation common stock (initial level $184.77). If the final level of each underlier is at least 50% of its initial level, the cash settlement amount equals $1,000. If any underlier finishes below that trigger buffer, the holder receives $1,000 plus the product of the lesser performing underlier return times $1,000, which can result in substantial loss of principal. The estimated value at pricing is expected between $925 and $955 per $1,000.

GS Finance Corp. offers autocallable S&P 500® index‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc.

Each note has a $1,000 face amount, an upside participation rate of 170%, a buffer level of 90% (buffer amount 10%, buffer rate 100%), and no interest. If the underlier is ≥ the initial level on the call observation date, notes are automatically called and pay $1,075 per $1,000 on the call payment date. If not called, maturity payments depend on final index performance: gains participate at 170%, full principal is preserved only if final level ≥ buffer level, and losses apply if final level < buffer level. The trade date is March 13, 2026, original issue date March 18, 2026, determination date March 13, 2029, and stated maturity date March 16, 2029. The offering price is 100% of face with a 2% underwriting discount (net proceeds 98% of face). The notes are subject to issuer/guarantor credit risk and may result in a substantial loss of principal.