Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering leveraged buffered notes linked to the S&P 500® Futures Excess Return Index due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity depends on the underlier return from the trade date to the determination date.

The notes provide an upside participation rate of 187.5% if the final underlier level is at or above the initial level, a 15% buffer that converts certain losses into positive returns up to that buffer, and full downside exposure beyond the buffer (buffer level = 85% of the initial level). The initial underlier level and some pricing terms will be set on the trade date.

GS Finance Corp. offers Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with an initial underlier level of 6,764.70 (set March 9, 2026), a trigger buffer equal to 80% of that level, a capped maximum settlement amount of $1,094 per $1,000 face amount, and a stated maturity of March 26, 2027.

Holders receive no interest; on maturity they get the maximum settlement if the final underlier level is ≥ the trigger buffer, or otherwise a cash payment equal to $1,000 plus $1,000 × the underlier return (which can result in a total loss of principal). The notes are senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering 620,000 Autocallable Leveraged Index Return Notes® (totaling $6,200,000) due March 13, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to NVIDIA common stock with a 150.00% participation rate, a 70.00% Threshold Value and an automatic call on the Call Observation Date (March 15, 2027) if the Observation Value is at least the Call Value.

If called, holders receive $12.575 per unit. If not called, maturity payoffs provide 150.00% upside if Ending Value > Starting Value, a capped positive return for declines down to the Threshold Value, and 1-to-1 downside below the Threshold Value with up to 100.00% principal at risk. All payments depend on GSFC and GSG creditworthiness; estimated value at pricing was $9.62 per $10 principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non‑interest notes linked to an equally weighted basket of six alternative-asset managers. The notes mature on May 13, 2027 (determination date May 11, 2027) and pay a capped cash settlement of $1,214 per $1,000 face amount if the final basket level is at least 85% of the initial level. If the final basket level is below 85%, holders suffer losses at a rate of approximately 1.1765% of face per 1% decline below the 85% threshold and can lose the entire investment. The estimated value on the trade date was approximately $938 per $1,000 face amount; original issue price equals face and underwriting discount is 1.1%.

GS Finance Corp. offers autocallable, buffered Russell 2000® Index-linked notes due March 9, 2029, guaranteed by The Goldman Sachs Group, Inc. The initial aggregate face amount is $5,455,000, trade date March 6, 2026, original issue date March 11, 2026. The notes pay no interest and may be automatically called on the call observation date March 15, 2027 if the Russell 2000 closing level is at or above the initial level of 2,525.301, producing a capped cash payment of $1,080 per $1,000 face amount.

If not called, maturity payment on the determination date March 6, 2029 depends on index performance: at or above the initial level you receive the greater of the $1,420 threshold or participation (100%) in upside; declines up to 10% return face amount; declines below the 10% buffer expose you to losses (index return plus 10%), potentially a substantial loss. Estimated value at pricing was approximately $958 per $1,000 face amount. Underwriting discount is 2.25% and net proceeds equal 97.75% of face amount.

GS Finance Corp. priced a $40,261,000 aggregate issue of Contingent Income Auto-Callable Securities due March 9, 2029, guaranteed by The Goldman Sachs Group, Inc. The securities reference the common stock of NVIDIA Corporation (ticker: NVDA) with an initial share price of $177.82 and a downside threshold of $88.91 (50.00%).

Holders may receive contingent quarterly coupons under a formula that uses $30.875 per coupon observation schedule; securities are auto-called if the underlying closing price on any call observation date is at or above the initial share price. If final share price is below the downside threshold, payment at maturity equals the principal times the share performance factor and could be substantially less than principal.

GS Finance Corp. offers principal-protected structured notes linked to the Nasdaq-100 Index. The pricing supplement covers an aggregate face amount of $876,000 of notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

Key terms: original issue price 100%, underwriting discount 0.5%, net proceeds 99.5%; trade date March 6, 2026, original issue date March 11, 2026, determination date March 6, 2030, stated maturity March 11, 2030. The notes pay no interest.

Payoff mechanics: per $1,000 face amount, if the final underlier level is >= initial level you receive $1,000 plus the underlier return subject to a maximum cash settlement of $1,560. If the final level declines by <= 20% (buffer amount) you receive $1,000 plus the absolute underlier return. If the final level declines by more than the buffer you incur losses that reduce principal in proportion to the decline beyond the buffer. The underlier is the Nasdaq-100 Index (initial level 24,643.01).

The notes are unsecured senior obligations and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; market liquidity is not assured.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering indexed, automatically callable notes linked to the common stock of Netflix, Amazon and Microsoft. The notes mature on March 7, 2029 unless automatically called on observation dates beginning September 2026. Monthly coupons accrue only when each index stock meets a 60% trigger of its initial price; automatic calls occur if all three stocks equal or exceed their initial prices. At maturity, if all three stocks close below their initial prices a trigger event may cause repayment tied to the worst-performing stock, potentially resulting in substantial loss. The original issue price is $1,000 face per note at 100%, estimated initial value approx. $983 per $1,000, underwriting discount 0.7% and net proceeds 99.3%.

The offered notes are senior unsecured notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Payout at maturity is linked to the common stock of Marvell Technology, Inc. (ticker "MRVL UW") and measured from March 5, 2026 to the determination date.

The notes pay no interest and have a buffer amount of 25% (buffer level = 75% of the initial underlier level). If the final underlier level is at or above the buffer level you receive a capped cash payment of $1,230.80 per $1,000 face amount. If the final underlier level is below the buffer level, you lose approximately 1.3333% of face for each 1% decline below the buffer and could lose your entire investment. The determination date is March 19, 2027 and stated maturity is March 24, 2027 (both subject to adjustment).

GS Finance Corp. is offering structured, non‑interest‑bearing notes linked to three stocks (Devon Energy, Alphabet Class A, Morgan Stanley) that mature on March 9, 2029 but may be automatically called beginning on March 10, 2027. Automatic redemption depends on each index stock meeting decreasing call levels on specified observation dates; call premiums rise the longer the notes remain outstanding.

At maturity the cash payment per $1,000 face amount depends on observation outcomes and a trigger event (all final prices below their initial prices). In some non-trigger scenarios you receive $1,651 per $1,000; in adverse trigger scenarios repayment can be tied to the lesser performing stock and could be materially less than principal. The estimated value at issuance was approximately $946 per $1,000 face amount; original issue price is 100% and the underwriting discount is 0.6%.

GS Finance Corp. is offering principal-at-risk notes linked to the Russell 2000® Index, the State Street® Utilities Select Sector SPDR® ETF and the iShares® U.S. Real Estate ETF that mature on March 12, 2029 unless earlier redeemed. Coupons of $6.167 per $1,000 (0.6167% monthly, ~7.4% annualized) are payable on monthly coupon payment dates only if the closing level of each underlier on the related observation date is ≥ 60% of its initial level. The issuer may redeem notes on coupon payment dates from September 2026 through February 2029 at 100% of face plus any coupon then due. At maturity, if every underlier’s final level is ≥ 60% of its initial level you receive $1,000 plus the final coupon; if any underlier’s final level is < 60%, the cash settlement equals $1,000 plus the lesser performing underlier return times $1,000, which can result in a total loss of principal. The original issue price is 100% of face; estimated value at pricing was approximately $966 per $1,000 face amount. Aggregate original face amount was $50,000.

The offering is for notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder® Focus ER Index. The aggregate face amount is $1,403,000 and each note has a $1,000 face amount. The trade date is March 6, 2026, original issue date March 11, 2026, and stated maturity is March 11, 2033. The notes pay at maturity based on the index performance with an upside participation rate of 100%, subject to a multi-year automatic call feature on annual observation dates with increasing call levels and fixed call premiums. The estimated value on the trade date is $899 per $1,000 face amount and the pricing shows an original issue price of 100% with an underwriting discount of 4.625%, net proceeds 95.375%. The notes do not bear interest, are cash-settled, are subject to the issuer/guarantor credit risk, and include index-level deductions of 0.65% per annum plus excess-return treatment over the federal funds rate.

The Goldman Sachs Group, Inc. is offering fixed and floating rate notes with an aggregate principal amount of $50,000,000. Each note has a $1,000 principal denomination, an original issue price of 100% and a stated maturity date of April 13, 2027.

Interest accrues from March 13, 2026. The notes pay 4.37% per annum during the fixed rate period through June 13, 2026, then pay compounded SOFR plus a 0.15% spread (floored at 0.00%) during the floating rate period through maturity. The notes are unsecured, not FDIC insured, will not be listed, and GS&Co. is the calculation agent.

GS Finance Corp. is offering cash-settled notes guaranteed by The Goldman Sachs Group, Inc., linked to an equally weighted basket of six stocks. The notes mature March 9, 2028 and have an automatic call on March 19, 2027 that, if triggered, pays $1,194 per $1,000 face amount. At maturity the notes pay 1.25× upside participation on positive basket returns, return $1,000 if the final basket level is between 85% and 100% of the initial level, and apply a 15% buffer with a buffer rate of approximately 117.65% below the buffer. The basket constituents and initial prices are listed in the supplement. Original issue price is 100% of face, underwriting discount 1.5%, net proceeds 98.5%, and the aggregate initial face amount is $16,980,000. The estimated model value on the trade date is approximately $950 per $1,000 face amount.

GS Finance Corp. offers $2,824,390 of autocallable notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an unequally weighted basket of five equity indices with an initial basket level of 100 and an autocall barrier of 100.00%.

If the basket meets or exceeds the barrier on annual call observation dates, holders receive the face amount plus a call return (per annum rate of 11.60%); if not called, maturity payment equals $10 plus $10 times the basket return, which can be less than face amount and could be zero.

GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Contingent Coupon linked to NVIDIA Corporation due March 9, 2029. The securities have a $1,000 face amount per security and were offered in an aggregate original offering price of $17,909,000.

Key economic terms: a quarterly contingent coupon of $35.05 per $1,000 (equivalent to 14.02% per annum) payable only if the stock closing price on a calculation day is at or above the coupon threshold price (equal to 60% of the starting price). The starting price is $177.82 and the downside threshold price is 60% of the starting price. Estimated value at pricing was approximately $960 per $1,000.

Payments depend on NVIDIA’s closing prices on scheduled calculation days; the securities are subject to automatic call if a call-date closing price is greater than or equal to the starting price and are exposed to loss of principal (greater than 40% and possibly all) if the final calculation day closing price is below the downside threshold. All payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑linked notes due March 11, 2031, guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount on the original issue date is $3,336,000 and the trade date is March 6, 2026.

The notes pay no interest and participate at a 205% upside participation rate if the final underlier level exceeds the initial level of 545.29. A 70% buffer applies: if the final level is below 70% of the initial level, holders suffer a proportional loss; if between 70% and 100% of initial, holders receive the face amount. The issuer may redeem the notes on specified monthly call payment dates beginning March 18, 2027 at fixed call premiums set in the pricing supplement. The estimated value on the trade date was approximately $969 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.25%.

GS Finance Corp. offers $3,381,000 aggregate face amount of structured, cash‑settled notes linked to the S&P 500® Futures Excess Return Index. Each $1,000 face amount pays no interest and at maturity will pay either: (a) $1,000 + ($1,000 × 193% × underlier return) if the final underlier level is above the initial level; (b) $1,000 if the final level is between the initial level and the trigger buffer level of 50%; or (c) $1,000 + ($1,000 × underlier return) if the final level is below the trigger buffer level, which could result in a total loss of principal.

The notes trade with a trade date of March 6, 2026, original issue date March 11, 2026, determination date March 6, 2031 and stated maturity March 11, 2031. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk, pricing model spreads, limited secondary market liquidity, and tax‑treatment uncertainty.

GS Finance Corp. offers indexed, auto-callable notes maturing March 7, 2029, linked to the common stock of Amazon.com, Inc., Apple Inc. and Alphabet Inc. Payments depend on monthly observation dates beginning April 2026 and potential automatic calls from September 2026 through February 2029.

Each $1,000 face amount may pay a conditional monthly coupon equal to $9.167 per coupon observation (0.9167% monthly, ~11% per annum potential) only if each index stock meets its 60% coupon trigger price. Initial index prices are set as of March 2, 2026. A trigger event at maturity (final observation March 2, 2029) occurs if every index stock closes below its initial price; in that case the cash settlement depends on the lesser performing stock and could be substantially less than principal. Estimated value at issuance is approximately $974 per $1,000 face amount. Issue price is 100% with underwriting discount 0.7% (net proceeds 99.3%).

The offering prices structured notes linked to the Nasdaq-100 Index issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity an amount tied to the underlier return, subject to a 20% buffer and a maximum cash payment of $1,770. Trade date was March 6, 2026, original issue date March 11, 2026, and stated maturity March 11, 2031. Notes pay no interest, carry issuer/guarantor credit risk, and may trade illiquidly; holders receive cash only, not underlying shares.

GS Finance Corp. issues structured notes linked to an equally weighted basket of Amazon.com, Inc., Shopify Inc. (Class A) and Toast, Inc. The notes mature on March 13, 2031 and pay a quarterly coupon of $35 per $1,000 (3.5% quarterly; 14% per annum potential) only if the basket closing level on an observation date is at or above the coupon trigger level of 70% of the initial basket level (initial basket level = 100). The issuer may redeem notes on coupon payment dates from March 2027 through December 2030 at 100% of face plus any coupon then due. At maturity, cash settlement depends on the final basket return: if the final basket level is ≥ 70%, holders receive principal; if between 50% and 70%, holders receive $1,000 (no coupon); if below 50%, settlement declines pro rata with the basket return, exposing holders to substantial principal loss. 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 principal-at-risk notes linked to a weighted basket of international indices and an ETF. The notes have an initial basket level of 100, an expected trade date of March 31, 2026, an expected original issue date of April 6, 2026 and an expected stated maturity date of March 30, 2029. The notes pay no interest, may be automatically called on specified observation dates commencing April 2027 with fixed call premiums, and if not called will pay at maturity either $1,300 per $1,000 face amount when the final basket level is at or above 100 or a cash amount that falls with negative basket returns. The estimated value on the trade date is between $925 and $955 per $1,000 face amount; original issue price is 100% with an underwriting discount of 2.25%.

GS Finance Corp. is offering structured notes with an aggregate face amount of $1,925,000. The notes are linked to the EURO STOXX 50® Index and pay no interest. At maturity each $1,000 face amount will pay either: a capped upside (participation 300%, maximum $1,463.80), the face amount if the final index level is ≥ 75% of the initial level, or a pro rata loss if the final index level is below the 75% trigger (you can lose up to the full principal).

Key dates: trade date March 6, 2026, original issue date March 11, 2026, determination date March 6, 2029, stated maturity date March 9, 2029. Initial index level is 5,719.90. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and bear issuer/guarantor credit risk.

GS Finance Corp. issues structured, basket-linked notes maturing March 11, 2031. The offering had an aggregate face amount of $1,311,000 on the original issue date and an original issue price of 100% of face amount. The notes pay contingent quarterly coupons of $34 per $1,000 face (a 3.4% quarterly coupon, up to 13.6% per annum) only when an equally weighted basket of Adobe, Intuit and Palantir closes at or above 70% of the initial basket level on each observation date.

At maturity the principal payoff is based on the basket return with step-down buffers: full face if final basket level ≥ 70%, face only (no coupon) if final level is between 50% and 70%, and a pro rata loss if final level < 50%. Estimated value at trade date was approximately $942 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the common stock of NVIDIA Corporation. The notes pay no interest, mature on March 9, 2028 and may be automatically called if the closing price of NVIDIA on the call observation date is at or above the initial index stock price of $183.34, in which case each $1,000 face amount pays $1,276.5 on the call payment date (March 23, 2027). If not called, the maturity payment depends on the final index stock price on the determination date (March 6, 2028): upside participation is 150% when the final price is at or above the initial price; declines up to 30% pay the absolute decline as a positive return; declines greater than 30% produce a negative return equal to the index stock return (you can lose up to your entire investment). The initial issue price is 100% of face amount, underwriting discount 1.5%, net proceeds 98.5%, aggregate face amount $650,000. The estimated value on the trade date is approximately $977 per $1,000 face amount. Payments are subject to the issuer and guarantor credit risk; see prospectus supplement for full terms and risks.

GS Finance Corp. offers $1,300,000 aggregate face amount of S&P 500®-linked buffered notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a $1,000 face amount per note, a 15% buffer (buffer level = 85% of the initial underlier), a buffer rate of 100% and a capped maximum settlement amount of $1,135 per $1,000 face amount. Trade date is March 6, 2026, original issue date is March 11, 2026, determination date is April 6, 2027 and stated maturity date is April 9, 2027. The cash settlement at maturity depends on the S&P 500 ("SPX Index") performance and is subject to the terms, credit risk of GS Finance Corp. and its guarantor, and a maximum payout cap.

GS Finance Corp. is offering structured, cash-settled notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $7,040,000. The notes reference the EURO STOXX 50 Index with an upside participation rate of 242%, a buffer level of 85% (buffer amount 15%) and an initial underlier level of 5,719.90. The notes pay no interest and can be automatically called on the call observation date; an automatic call would produce a fixed cash payment of $1,125 per $1,000 face amount. If not called, maturity payments vary by final underlier performance: above initial level produces upside participation, between buffer and initial produces principal return, and below buffer can produce substantial losses—including loss of your entire investment. Terms are subject to adjustments and are set out in the pricing supplement and referenced supplements.

GS Finance Corp. priced buffered, autocallable equity‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 and Russell 2000 indices, have an upside participation rate of 150% and a per‑underlier buffer of 15%. If automatically called on the call observation date, holders receive $1,152.50 per $1,000 face amount on the call payment date. The notes pay no interest, are subject to issuer and guarantor credit risk, and on the stated maturity the cash settlement depends solely on the lesser performing underlier with outcomes that can result in substantial losses (an illustrated loss of 64% is shown). Aggregate face amount is $1,387,000, original issue price is 100%, underwriting discount 3%, and net proceeds to issuer 97%. Key dates include trade date March 6, 2026, original issue date March 11, 2026, call observation date March 8, 2027, call payment date March 15, 2027, determination date March 6, 2029, and stated maturity date March 13, 2029.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering indexed notes linked to the S&P 500® Index with an aggregate face amount of $1,500,000. The notes were traded on March 6, 2026, issued on March 11, 2026, have an initial underlier level of 6,740.02, a determination date of September 6, 2033 and a stated maturity date of September 8, 2033.

Payoff: each $1,000 face amount pays no interest and will deliver the maximum settlement amount of $1,710.90 if the final underlier level on the determination date is greater than or equal to the trigger buffer level (90% of the initial level). If the final underlier level is below that buffer, the cash payment equals $1,000 plus $1,000 times the underlier return, so holders lose 1% of face per 1% decline below the initial level and could lose their entire investment. The original issue price is 100% of face; underwriting discount is 3.75% and net proceeds to the issuer are 96.25%.

GS Finance Corp. offers principal‑at‑risk structured notes — Airbag In‑Digital Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay a digital return if the final index level is greater than or equal to a 90.00% downside threshold; otherwise principal is reduced with approximately 1.1111% loss per 1% index decline beyond the 10.00% threshold. Expected 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 range on the trade date is between $9.65 and $9.95 per $10 face amount. All payments are subject to the issuer’s and guarantor’s creditworthiness; investors may lose some or all principal.

GS Finance Corp. is offering principal-protected-style structured notes linked to Amazon.com, Inc. (AMZN) with an aggregate face amount of $1,816,000, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature in March 2028.

Payment at maturity depends on the underlier return from the trade date to the determination date: upside participation is 150% capped by a maximum upside settlement amount of $1,447.50 per $1,000 face amount; a 15% buffer protects declines up to 15% (buffer level = 85% of initial level); declines beyond the buffer cause pro rata losses to principal. Trade date is March 6, 2026, original issue date March 11, 2026, determination date March 6, 2028.

GS Finance Corp. is offering Airbag In-Digital Securities linked to the S&P 500® Index with a digital return expected between 12.00% and 12.60%. The securities feature a downside threshold of 90.00% (threshold percentage 10.00%) and downside gearing of approximately 1.1111.

Trade date is expected to be March 10, 2026, original issue date March 13, 2026, determination date June 1, 2027, and stated maturity date June 4, 2027. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc., and holders may lose some or all of their investment.

GS Finance Corp. issued market-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a stated maturity of March 11, 2032 and pay a monthly coupon of $15.917 per $1,000 face amount if each underlier is ≥ 75% of its initial level on a coupon observation date. The underliers are the Russell 2000® Index, the Nasdaq-100 Technology Sector Index and the VanEck Semiconductor ETF (SMH). The notes are automatically called on a call payment date if each underlier is ≥ its initial level on any call observation date, in which case holders receive principal plus the coupon on the call payment date. At maturity, if not called, payoff is based on the lesser performing underlier: full principal if each underlier is ≥ 60% of initial, no coupon if any underlier is between 60% and 75%, and a pro rata loss tied to the worst underlier if any underlier is 60%. The pricing supplement shows an estimated value of approximately $986 per $1,000 face amount on the trade date and notes are unsecured obligations 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 S&P 500® Index. Each $1,000 note pays no interest and settles in cash at maturity based on the underlier's performance from the trade date March 6, 2026 to the determination date March 19, 2027. If the final underlier level is ≥ the buffer level (85%), you receive the maximum settlement amount of $1,076 per $1,000. If the final level is below 85%, losses apply: you lose approximately 1.1765% of face amount for each 1% the underlier declines below the buffer, and you could lose your entire investment. Key terms: aggregate face amount $8,576,000, original issue price 100%, underwriting discount 1%, net proceeds 99%, original issue date March 11, 2026, stated maturity March 24, 2027. Investors bear issuer and guarantor credit risk and should note these notes are not interest-bearing, not bank deposits, and not FDIC insured.

GS Finance Corp. offers a capped, buffered, automatically callable dual-index note guaranteed by The Goldman Sachs Group, Inc. The offering covers an aggregate face amount of $2,251,000 with an original issue price of 100% of face amount and a stated maturity date of March 11, 2031. The notes reference the Russell 2000® and the S&P 500®, have a buffer level of 90% (buffer amount 10%) and a maturity date premium amount of 51.55%. The notes are automatically callable on scheduled quarterly observation dates if each underlier closes at or above its initial level; otherwise the cash settlement at maturity depends on the lesser performing underlier and may result in a substantial loss, including a total loss of principal.

GS Finance Corp. is offering structured, cash‑settled notes linked to the Nasdaq‑100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX). The notes have a trade date of March 6, 2026, an original issue date of March 11, 2026, and a stated maturity on March 13, 2031.

The notes pay no interest, may be automatically called on specified semi‑annual observation dates (with call premiums ranging from 8.25% to 37.125%), and settle at maturity based solely on the performance of the lesser performing underlier. They include a 20% buffer (buffer level = 80% of initial levels) and a 100% upside participation rate. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the original issue price equals $1,000 per face amount with an underwriting discount of 4.25%.

GS Finance Corp. offers an aggregate face amount of $600,000 of market‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes link payoffs to the common stock of Amazon.com, Inc. (underlier) and include an automatic call feature.

If the closing level of the underlier on the call observation date (March 8, 2027) is greater than or equal to the initial underlier level of $213.21, the notes will be automatically called and pay $1,247.50 per $1,000 face amount on the call payment date (March 11, 2027). If not called, the cash settlement at maturity (stated maturity date March 9, 2029) depends on the final underlier level versus the initial level and a 100% upside participation rate.

Key downside: a trigger buffer at 70% of the initial underlier level means that if the final underlier level is below that buffer, holders suffer a loss equal to the underlier return times $1,000 per face amount and could lose their entire investment. The notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. prices S&P 500®-linked medium-term notes with guaranty by The Goldman Sachs Group, Inc. The securities have a face amount of $1,000, an original offering price of $1,000 and an estimated value at pricing of $900–$930 per $1,000 face amount. The pricing date is March 20, 2026, original issue date March 25, 2026, and stated maturity date March 23, 2028.

Payments at maturity depend on the S&P 500® performance from the starting level to the ending level: 150% upside participation up to a maximum return of at least $202.50 (at least 20.25%); a buffer of 10% protects against losses up to that threshold; beyond the buffer investors bear 1-to-1 downside and may lose up to 90% of face amount. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering principal‑protected‑style contingent notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500® Futures Excess Return Index. Each $1,000 face amount pays no interest and will settle in cash at maturity on March 11, 2031 based on the underlier level on the determination date: March 6, 2031.

If the final underlier level is above the initial level, the cash payment equals $1,000 plus 174.25% times the underlier return. If the final level is at or above 70% of the initial level, you receive $1,000. If below 70%, you incur a loss equal to the underlier return times $1,000 and could lose your entire investment. The aggregate face amount listed is $636,000; the original issue price is 100% with a 4.125% underwriting discount.

GS Finance Corp. is offering non‑interest bearing, principal‑at‑risk notes linked to an equally weighted basket of four common stocks: CrowdStrike, Microsoft, Palo Alto Networks and Snowflake. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer amount of 15% (buffer level 85%) and an expected stated maturity date of March 16, 2028 with an expected call observation date of March 29, 2027. If automatically called on the call observation date holders will receive at least $1,226.50 per $1,000 face amount; if not called, final payout depends on the basket return and the buffer mechanics. The notes are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured, autocallable notes linked to the common stock of NVIDIA Corporation, Class A common stock of Alphabet Inc. and Class A common stock of Robinhood Markets, Inc.. The notes mature on March 9, 2029, subject to automatic calls on observation dates beginning in March 2027 through February 2029

Coupons accrue monthly under a formula of $15.5 per $1,000 face amount per coupon observation (1.55% monthly), payable only when each index stock equals or exceeds 60% of its initial price. A trigger event at maturity occurs if the final price of each index stock is below its initial price; if so and the worst-performing stock falls below 50% of its initial price, principal is reduced proportionally to that stock's return. The initial aggregate face amount was $450,000 and the estimated value at pricing was approximately $957 per $1,000 face amount.

GS Finance Corp. offers Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay fixed call premiums on annual call payment dates if the index closes at or above a call level of 100.5%, provide a 100% upside participation rate if held to maturity, and repay principal at least at face amount if the index return is zero or negative. The prospectus states an estimated trade‑date value of $885 to $925 per $1,000 face amount (less than original issue price). Key features and risks are subject to terms set on the trade date.

GS Finance Corp. is offering principal‑protected‑if‑above callable structured notes tied to the common stock of NVIDIA Corporation (Bloomberg: "NVDA UW") with an aggregate face amount of $1,386,000. The notes pay no interest and may be automatically called on scheduled call observation dates if the closing underlier level is at or above the initial level, producing monthly call payments based on stated call premiums. If not called, the maturity cash payment depends on the final underlier level versus the trigger buffer level of 60% of the initial level and is capped by a maturity date premium amount of 71.2512%. The notes expose investors to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., allow for a total loss if the final underlier level is below the trigger buffer, and will be cash‑settled only.

GS Finance Corp. is offering principal-at-risk, Micron-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $954,000, an original issue price of 100%, pay no interest and may be automatically called monthly if the underlier closes at or above its initial level.

If not called, the cash payment at maturity (stated maturity March 9, 2029) depends on Micron’s closing level versus an initial underlier level of $370.30. A trigger buffer is set at 60% of that initial level. The maturity payment is capped at a maturity date premium amount of 119.25% of face; conversely, if the final underlier level is below the trigger buffer, investors can lose up to 100% of principal. The notes are cash‑settled and subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. offers SPDR® Gold Trust-linked notes due March 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity an amount tied to the SPDR® Gold Trust (initial level $472.53 set on March 9, 2026), with 100% upside participation subject to a cap level of 113.22% (maximum settlement $1,132.2 per $1,000 face amount) and a minimum settlement amount of $950 per $1,000 face amount. The expected trade date is March 10, 2026, original issue date March 13, 2026, and the determination date is expected to be March 23, 2027. The estimated value at pricing is between $900 and $930 per $1,000 face amount. Payments depend on the final underlier closing level on the determination date; investors bear issuer and guarantor credit risk and will not receive dividends or shareholder rights in the underlier.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due April 1, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount, an expected maximum cash settlement of $1,100 per $1,000, and do not pay interest.

Payment at maturity depends on the S&P 500 closing level from the trade date (March 13, 2026) to the determination date (March 29, 2027). A fixed trigger buffer level is expected to be 78.85% of the initial level: final levels at or above initial level yield the underlier return up to the cap; declines up to the buffer produce a positive return equal to the absolute decline; declines beyond the buffer cause proportional losses, potentially resulting in a total loss of principal. Investors bear issuer and guarantor credit risk and should note limited secondary market liquidity and uncertain tax treatment.

GS Finance Corp. priced and is offering structured, non‑interest bearing medium‑term notes linked to the S&P 500® Index under Pricing Supplement No. 22,634 dated . The notes pay a cash settlement at the stated maturity that depends on the S&P 500’s performance from the trade date to the determination date and are fully guaranteed by The Goldman Sachs Group, Inc.

For each $1,000 face amount, the cash settlement at maturity equals: (1) $1,000 plus the underlier return if the final level is ≥ the initial level (capped at a $2,020 maximum upside); (2) $1,000 plus the absolute underlier return if the final level is below the initial level but ≥ the buffer level (80% of initial); or (3) $1,000 plus $1,000 × buffer rate × (underlier return + buffer amount) if the final level is below the buffer level, which can cause substantial loss of principal. The notes do not pay interest and are subject to issuer and guarantor credit risk, model valuation differences at issuance, limited liquidity, tax uncertainty, and a stated maturity of March 11, 2031.

GS Finance Corp. offers Trigger GEARS due, guaranteed by The Goldman Sachs Group, Inc., linked to an unequally weighted basket of six equity indices. The notes reference a basket weighted 50% S&P 500®, 20% EURO STOXX 50®, 12.5% Nikkei 225, 8.75% FTSE 100, 5% SMI and 3.75% S&P/ASX 200. The trade date is expected to be March 24, 2026 with an original issue date of March 27, 2026 and a determination date expected on March 24, 2031 (stated maturity March 27, 2031).

The initial basket level will be set to 100 on the trade date. Upside gearing will be set between 1.10 and 1.245. The notes provide contingent repayment at maturity: if the final basket level is ≥ the downside threshold of 75.00% of the initial level you receive the face amount; if it is above 100 you receive the face amount plus the basket return times the upside gearing; if below the threshold you suffer a pro rata loss and could lose your entire investment. The estimated value on the trade date is between $9.30 and $9.60 per $10 face amount; original issue price is 100.00% of face amount.

GS Finance Corp. priced callable, non‑interest notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index. The offering has an aggregate face amount of $1,000,000, a trade date of March 6, 2026, and a stated maturity of March 13, 2031. The notes pay no interest, have a 100% upside participation rate and a 15% buffer (you receive the face amount if the final index decline is <= 15%). The notes are subject to automatic early redemption on specified call observation dates beginning in March 2027 if the index is at or above the initial level of 877.36, with capped call premiums specified in the pricing table. The estimated value on the trade date was approximately $936 per $1,000 face amount; original issue price is 100% with an underwriting discount of 3.75% (net proceeds 96.25%). Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.