Goldman Sachs Group (GS) 424B Filings

The offering describes GS Finance Corp. market-linked notes guaranteed by The Goldman Sachs Group, Inc. linked to an unequally weighted basket: EURO STOXX 50 (40.00%), Nikkei 225 (25.00%), FTSE 100 (17.50%), SMI (10.00%) and S&P/ASX 200 (7.50%).

The notes have an initial basket level of 100, a participation rate set on the trade date (expected between 102.00% and 106.10%), trade date expected March 13, 2026, original issue date expected March 17, 2026, determination date expected March 13, 2031 and stated maturity date expected March 17, 2031. If the final basket level is greater than 100, holders receive principal plus the basket return times the participation rate; if equal or lower, holders receive the face amount.

The issuer, GS Finance Corp. is offering notes linked to the S&P 500® Index, the State Street® Utilities Select Sector SPDR® ETF and the iShares® U.S. Real Estate ETF. The notes mature on March 12, 2029 unless redeemed earlier by the company.

Each $1,000 face amount may pay a monthly coupon of $6.167 (0.6167% monthly, ~7.4% annually) on a coupon payment date only if the closing level of each underlier on the related coupon observation date is >= 60% of its initial level. At maturity, if the lesser performing underlier is >= 60% of its initial level, holders receive $1,000 plus any final coupon; if below 60%, payoff equals $1,000 plus the lesser performing underlier return times $1,000, exposing holders to principal loss.

GS Finance Corp. is offering $7,812,000 of Contingent Income Auto-Callable Securities guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of GE Vernova Inc. (initial share price $789.23). The securities were priced on March 6, 2026, issued on March 11, 2026, and mature on March 9, 2029, but may be automatically called earlier if the underlying stock closes at or above the initial share price on any call observation date.

The securities pay a contingent quarterly coupon per $1,000 principal that is payable only when the closing price on a coupon observation date is at or above the downside threshold price of $394.615 (50.00% of the initial share price). If the final share price on the determination date is below the downside threshold price, principal is reduced on a 1:1 basis by share performance; if the final share price is at or above the downside threshold price, principal is returned (plus any final contingent coupon). The offering includes a 2.25% underwriting discount and an estimated value of $964 per security as of the pricing date.

GS Finance Corp. is offering principal-protected-conditional structured notes linked to the Invesco QQQ, Series 1 ETF with guaranty by The Goldman Sachs Group, Inc. Trade date is March 13, 2026, original issue date expected March 18, 2026, and stated maturity expected March 18, 2031.

The notes do not pay interest. They feature an automatic call observation on March 22, 2027: if the ETF closing level on that date is >= the initial ETF level, each $1,000 face amount will be redeemed for $1,150 on the call payment date. If not called, the maturity payoff is linked to ETF performance: upside participation is 161% (i.e., 1.61x the ETF return if positive); if the ETF declines, losses equal the ETF return and you could lose your entire investment. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Credit risk rests with GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers S&P 500® Index‑Linked Notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, does not pay interest, and will pay at maturity either the face amount or a cash settlement tied to the S&P 500® return measured from the trade date to the determination date. The trade date is March 26, 2026 and the determination date is March 26, 2031. If the final underlier level exceeds the initial level, holders receive $1,000 plus the index return, capped at a maximum settlement amount of at least $1,380. If the final level is equal to or below the initial level, holders receive the $1,000 face amount. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited upside due to the cap, no interest payments, and potential secondary‑market illiquidity.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return on each $1,000 face amount at maturity depends on the S&P 500® performance between the March 17, 2026 trade date and the March 17, 2028 determination date. If the final underlier level is above the initial level, investors receive the underlier return capped at a $1,200 maximum settlement amount per $1,000 face. If the final level is between 80% (the buffer level) and the initial level, investors receive the face amount. If the final level is below the buffer level, losses occur on a 1:1 basis below the buffer, so principal can be substantially reduced. Key economics: 100% original issue price, underwriting discount 1.75%, net proceeds 98.25%. Cash-flow treatment and tax characterization are discussed, with US federal tax treatment described as uncertain.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500® Futures Excess Return Index that mature on March 11, 2031. For each $1,000 face amount, you receive no interest and the cash settlement at maturity equals either the threshold settlement amount of $1,655 or $1,000 plus $1,000 times the underlier return when the final underlier level is greater than or equal to the initial level; if the final underlier level is lower, you lose 1% of face amount for each 1% decline (you could lose your entire investment).

The notes reference the E-mini S&P 500 futures (Bloomberg: SPXFP Index), have an aggregate face amount of $933,000, trade date March 6, 2026, original issue date March 11, 2026, determination date March 6, 2031, and an underwriting discount of 1.2% (net proceeds 98.8% of face). The offering is exposed to issuer/guarantor credit risk, futures-specific risks (negative roll yield, contango), market‑disruption provisions, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2033, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on S&P 500 performance measured from the April 9, 2026 trade date to the April 11, 2033 determination date.

Key terms include a 10% buffer (buffer level = 90% of the initial level), a buffer rate of 100%, and a capped maximum settlement amount of $1,650 per $1,000 face amount. If the final underlier level is below the buffer level, principal losses occur proportionally; if at or above the buffer level, payment is capped at the maximum settlement amount. The notes are subject to issuer and guarantor credit risk and may have limited secondary-market liquidity.

GS Finance Corp. offers autocallable Russell 2000® Index-linked notes due March 30, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on annual observation dates and provide cash payoffs tied to the Russell 2000® performance.

If automatically called, investors receive principal plus a call premium (examples: 12.25% on the first call, 24.5% on the second). If held to maturity and not called, the cash settlement is capped at 36.75% above principal for strong underlier performance, but can decline to a full loss if the final underlier level falls to 0.00%. Original issue price is 100% of face amount with a distribution concession of 2.25%.

GS Finance Corp. priced $6,063,000 of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the MSCI EAFE Index. Each PLUS has a $1,000 stated principal, $6,063,000 aggregate initial principal, pricing date March 6, 2026, original issue date March 11, 2026, valuation date September 7, 2027, and stated maturity September 10, 2027.

The notes provide 200% leveraged upside of positive index returns subject to a cap of $1,167.50 per PLUS (116.75% of principal), a 5.00% buffer on initial losses, and a minimum payment of $50.00 per PLUS (5.00% of principal). The estimated initial model value was approximately $956 per PLUS; original issue price equals stated principal. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. priced principal-at-risk, autocallable notes backed by Nasdaq-100 Technology Sector, Russell 2000 and S&P 500 underliers. The $2,099,000 offering has no interest, monthly automatic call features with step-up call premiums (12%–59%), a capped maturity upside of 60.00%, and a 70% trigger buffer that can cause loss of principal linked to the lesser performing underlier.

GS Finance Corp. priced medium-term structured notes, guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq-100 Index. The offering has an aggregate face amount of $2,065,000 and a face amount of $1,000 per note. The notes pay no interest and feature an upside participation rate of 175% and a trigger buffer level of 75% of the initial underlier level. 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 $1,106 per $1,000 on the call payment date. If not called, the cash settlement at maturity on March 11, 2031 depends on the final underlier level: full upside participation above the initial level, return of principal at or above the trigger buffer, or a proportional loss (you may lose your entire investment if the final level is below the trigger buffer). The notes are subject to issuer and guarantor credit risk, a structuring fee of up to 0.8%, model-derived pricing below issue price, and limited secondary market liquidity.

GS Finance Corp. priced buffered S&P 500® index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 performance from the March 13, 2026 trade date to the March 29, 2027 determination date. If the final underlier level is at or above the buffer level (set at 90% of the initial level), each $1,000 face amount will pay the $1,096 maximum settlement amount. If the final level is below the buffer level, losses are amplified by the buffer rate (~111.11%), and investors can lose up to their entire investment. The notes are issued at 100% of face amount, carry an underwriting discount of 1%, and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. Terms are subject to adjustment per the general terms supplement.

GS Finance Corp. offers contingent quarterly‑coupon medium‑term notes with a $5,777,000 aggregate face amount, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly coupons of $23.75 per $1,000 (2.375% quarterly, up to 9.50% per annum) if each underlier is ≥70% of its initial level on a coupon observation date, are callable early if all underliers close ≥ their initial levels on a call observation date, and mature on March 11, 2032. The cash settlement at maturity is based on the performance of the lesser performing underlier (Dow Jones Industrial Average, Russell 2000, S&P 500); if that underlier finishes below 70% of its initial level, investors may lose a substantial portion, or the entirety, of principal.

GS Finance Corp. is offering structured, S&P 500®-linked notes with an aggregate face amount of $13,847,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with an upside participation rate of 176% and a 10% buffer (buffer level = 90% of the initial level). 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 $1,100 per $1,000 face amount on the call payment date. If not called, maturity payoff depends on the final underlier level with outcomes that can range from full principal loss to leveraged upside participation; the notes do not bear interest.

The trade date is March 6, 2026, original issue date March 11, 2026, call observation date March 19, 2027, call payment date March 24, 2027, determination date March 6, 2028, and stated maturity date March 9, 2028. Original issue price is 100% of face amount with an underwriting discount of 1.5% (net proceeds 98.5%). Material risks disclosed include possible loss of entire investment, issuer/guarantor credit risk, lack of interest payments, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers principal-at-risk notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and matures on March 9, 2028 (determination date March 6, 2028), with an aggregate face amount of $6,939,000. If the final underlier level is at or above the initial level you receive the underlier return up to a capped cash payment of $1,193 per $1,000. If the final level is below the initial level but no more than the 20% buffer (buffer level = 80% of initial), you receive the absolute underlier return (a decline of 10% yields +10%). If the final level falls below the buffer, losses apply and you can lose a substantial portion of principal. The notes reference an initial underlier level of 6,740.02 and the underwriting discount is 0.15% (net proceeds 99.85% of face).

GS Finance Corp. is offering principal-at-risk notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. If the final index level on the determination date is at or above a buffer level equal to 90% of the initial level, the investor receives a $1,090 maximum settlement amount per $1,000 face amount. If the final index level is below the buffer level, losses apply: investors lose approximately 1.1111% of face amount for each 1% decline below the buffer and could lose the entire investment. Trade date is March 6, 2026, original issue date March 11, 2026, determination date March 19, 2027, and stated maturity date March 24, 2027. Aggregate face amount initially offered is $11,178,000. The notes cap upside at the maximum settlement amount and expose holders to issuer/guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. is offering autocallable contingent coupon notes linked to the iShares Semiconductor ETF (SOXX) with an initial underlier level of $323.51 and a stated maturity of March 11, 2030. Each $1,000 face amount pays a quarterly coupon of $47.75 (4.775% quarterly, up to 19.1% annually) only if the closing level on a coupon observation date is at or above the coupon trigger level (75% of the initial level). Notes are automatically called on call observation dates (Sept 2026–Dec 2029) if the underlier is at or above the initial level; if not called, final cash settlement depends on the underlier return versus the trigger buffer level (65%), exposing holders to potential principal loss, including loss of most or all principal if the final level is below the trigger buffer. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk. The estimated value on the trade date was approximately $984 per $1,000 face amount.

GS Finance Corp. offers Buffered Digital S&P 500® Index-Linked Notes due April 14, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash payment at maturity tied to the S&P 500® Index performance between the April 9, 2026 trade date and the April 9, 2032 determination date. For each $1,000 face amount, holders receive either the $1,485 maximum settlement amount if the final index level is at or above the 85% buffer level, or a reduced cash payment that declines 1% for each 1% the final level falls below the buffer (subject to the stated formula). The notes are subject to the issuer's and guarantor's credit risk, have no shareholder rights in the underlier, and may trade at prices that differ materially from the original issue price.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to three ETFs: VanEck Gold Miners ETF, SPDR® Gold Trust and iShares® Silver Trust. The notes mature on March 12, 2027 and may be redeemed monthly by the issuer between September 2026 and February 2027.

Coupons of $9.792 per $1,000 (approximately 0.9792% monthly, ~11.75% annualized) are paid on a coupon date only if each ETF closes at or above 65% of its initial level set on March 9, 2026. At maturity, payment depends on the lesser performing ETF with a 35% buffer and a buffer rate of ~153.85%. The estimated value at pricing is $925–$955 per $1,000 face amount.

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%.