Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. is offering $1,000-face autocallable contingent coupon equity-linked notes due April 1, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of GE Vernova Inc. The notes pay a contingent quarterly coupon only when the underlier’s closing level is at least 75% of the initial level; they are automatically called if the underlier closes at or above the initial level on any call observation date. The structure includes a 25% buffer and a buffer rate of approximately 133.33%. Trade date is March 13, 2026 and original issue date is March 18, 2026. Original issue price is 100% of face amount with a 1% underwriting discount (net proceeds 99%). The notes may result in a total loss of principal if the final underlier level falls below the buffer level; payments at maturity are cash-settled and limited to 100% of face amount even if the underlier appreciates.

GS Finance Corp. offers autocallable index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Index and the S&P 500 Index, feature a 150% upside participation rate and a 10% buffer (buffer level = 90% of initial).

The notes pay no interest, will be automatically called on the call payment date if each underlier's closing level is greater than or equal to its initial level (automatic call pays $1,150 per $1,000 face amount), and otherwise deliver a cash settlement at maturity tied to the lesser performing underlier. Trade date is March 26, 2026, original issue date is March 31, 2026, call observation date is March 31, 2027, determination date is March 26, 2030, and stated maturity date is March 29, 2030.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due March 26, 2027, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and return at maturity is tied to the S&P 500® Index performance measured from March 9, 2026 (initial level) to the determination date. Each $1,000 face amount will pay a maximum settlement amount of $1,085.60 if the final underlier level is at or above the buffer level (85% of the initial level). If the final level is below the buffer level, holders lose approximately 1.1765% of face amount for each 1% decline below the buffer; losses can equal the entire principal. Original issue price is 100% of face, underwriting discount 1%, net proceeds 99%.

GS Finance Corp. is offering index-linked, non-interest bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes' payoff at the expected stated maturity of March 25, 2031 is tied to the lesser performing of the STOXX® Europe 600 and EURO STOXX 50® indices, measured from the expected trade date of March 20, 2026 to the expected determination date of March 20, 2031. The notes provide a 300% participation rate in positive performance of the lesser performing index up to a $2,132 maximum cash settlement per $1,000 face amount, return of principal if both indices finish no worse than 70% of initial levels, and full downside exposure to the lesser performing index below 70%, potentially resulting in substantial loss.

The estimated value on the trade date is stated between $885 and $925 per $1,000 face amount; this estimated value is lower than the original issue price. Payments depend on issuer and guarantor creditworthiness and are subject to market disruption, successor-index adjustments, tax uncertainties and limited secondary-market liquidity.

GS Finance Corp. offers $13,185,500 aggregate face amount of Buffer Autocallable GEARS linked to the Russell 2000® Index due 2029, guaranteed by The Goldman Sachs Group, Inc. The securities feature an autocall at March 15, 2027 with a call return of 13.00%, an upside gearing of 1.655, a downside threshold of 90.00% (a buffer of 10.00%), trade date March 6, 2026, original issue date March 10, 2026, and stated maturity March 9, 2029. The estimated value on the trade date was approximately $9.73 per $10 face amount; original issue price is 100.00% of face with an underwriting discount of 1.50%.

The securities do not pay coupons, are unsecured obligations subject to issuer and guarantor credit risk, may be automatically called early (limiting upside), and expose holders to buffered downside market losses if the final index level is below the downside threshold.

GS Finance Corp. offers autocallable S&P 500® Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on March 29, 2027 for $1,100 per $1,000 if the index closes at or above the initial level, and mature on March 16, 2028.

Key economics: original issue price is 100% of face, underwriting discount 1.5%, net proceeds 98.5%. Upside participation rate is at least 242.2%; a 10% buffer applies (buffer level = 90% of initial level). If final index level falls below the buffer level, investors can lose their entire investment.

GS Finance Corp. offers autocallable, buffered S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (expected trade date March 13, 2026, original issue date March 18, 2026, stated maturity March 16, 2028) pay no interest and include an automatic call on the call observation date (March 29, 2027) if the S&P 500 closing level is at or above the initial level, producing at least $1,098 per $1,000 face. If not called, maturity payouts depend on index performance: a capped upside with a $1,196 threshold and a 15% buffer on downside (buffer rate ~117.65%); losses accrue beyond the buffer. The estimated value at pricing is between $900 and $930 per $1,000 face. Payments are subject to issuer and guarantor credit risk and complex tax treatment.

GS Finance Corp. offers non-interest structured notes linked to an equally weighted basket of eight common stocks, with an expected trade date of March 13, 2026, an original issue date expected March 18, 2026, and a stated maturity date expected March 16, 2028. The notes are automatically callable on the call observation date expected March 29, 2027 if the basket closing level is at or above the initial level of 100, producing a call payment of at least $1,202 per $1,000 face amount.

At maturity the cash settlement depends on the final basket level: if positive, investors receive 125% upside participation on the basket return; if the final level is between 85% and 100 of the initial level, investors receive par; if below 85%, losses apply with a buffer mechanism using a 15% buffer and a buffer rate of approximately 117.65%. The estimated value on the trade date is between $900 and $930 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 10, 2034 with a fixed interest rate of 5.00% per annum, payable annually on March 10, beginning March 10, 2027. The issuer may redeem the notes in whole on specified quarterly redemption dates starting March 10, 2028, at 100% of principal plus accrued interest. The offering size on the cover shows $3,500,000 aggregate principal, with an initial price to public of 100.00% and an underwriting discount of 1.329%.

GS Finance Corp. offers autocallable S&P 500 Index‑linked notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry a 120% upside participation rate and include an automatic call feature that, if triggered, pays $1,106.50 per $1,000 on the call payment date. The notes have a 70% trigger buffer: if the final index level is below 70% of the initial level at maturity, investors bear losses equal to the underlier return and could lose their entire investment. Trade date is March 10, 2026, original issue date March 13, 2026, call observation date April 12, 2027 and stated maturity March 15, 2029. The notes are cash‑settled, issued in book‑entry form, and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 16, 2028, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, a contingent monthly coupon of $8.084 (0.8084% monthly; potential ~9.7% per annum) and an automatic call if both underliers close at or above their initial levels on a call observation date.

Coupons pay only if each underlier is at or above a 70% coupon trigger level on observation dates; the cash settlement at maturity, if not called, is based on the performance of the lesser performing underlier and can result in a total loss of principal. Trade date is March 13, 2026 and original issue date is March 18, 2026.

GS Finance Corp. offers market-linked, auto-callable medium-term notes (Series F) guaranteed by The Goldman Sachs Group, Inc. linked to the lowest performing of Adobe Inc. and CoreWeave, Inc., maturing March 23, 2029. Each security has a $1,000 face amount, an automatic call feature with a 50.00% call premium, and an upside participation rate of at least 350.00% (to be set on the pricing date). The estimated value at pricing is between $890 and $920 per $1,000 face amount; original offering price is $1,000 with underwriting discount up to $25.75 and proceeds to issuer of $974.25 per security. Payments depend solely on the lowest performing underlying stock; investors face 1-to-1 downside below threshold levels and full credit exposure to GS Finance Corp. and Goldman Sachs.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced $11,859,000 of Contingent Income Auto-Callable Securities linked to the common stock of MongoDB, Inc. (initial share price $270.47). The securities mature on March 9, 2029 unless automatically called on a call observation date when the closing price is greater than or equal to the initial share price. The downside threshold is $135.235 (50.00% of the initial share price). If the final share price is below that threshold, payment at maturity equals the principal multiplied by the share performance factor (final/initial), exposing holders to loss of principal. Contingent quarterly coupons are payable only when the underlying closing price on a coupon observation date is at or above the downside threshold; coupons are calculated from a fixed per-period amount of $49.375 per $1,000 not previously paid. The original issue price is 100% with an underwriting discount of 2.25% and an estimated model value of approximately $965 per security.

GS Finance Corp. offers $1,000,000 aggregate callable index-linked notes due March 11, 2031, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest, may be called monthly beginning in March 2027, and at maturity pay either (i) $1,000 plus the lesser performing index return (100% participation) if both underliers finish above their initial levels, or (ii) $1,000 if the final level of any underlier is equal to or below its initial level. The underliers are the Russell 2000® and the S&P 500®; initial levels are 2,585.573 and 6,830.71 (set on March 5, 2026), and the determination date is February 25, 2031.

The original issue price is $1,000 per note, the estimated value on the trade date was approximately $949 per $1,000 face amount, the underwriting discount is 2.35%, and net proceeds to the issuer are 97.65% of face amount.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Salesforce, Inc. and pay a contingent monthly coupon of $11.125 per $1,000 (1.1125% monthly; potential up to 13.35% per annum) when the underlier meets the coupon trigger level of 60% of the initial underlier level. The notes will be automatically called if the closing level of Salesforce is greater than or equal to the initial underlier level on any call observation date. If not called, the cash settlement at maturity for each $1,000 face amount will be $1,000 if the final underlier level is at or above the trigger buffer level of 60%; otherwise the payment equals $1,000 plus $1,000 times the underlier return, which could result in a total loss of principal. Trade date is March 26, 2026, original issue date March 31, 2026, and stated maturity date April 29, 2027. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential lack of market liquidity, model/valuation differences, and uncertain U.S. federal income tax treatment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity‑linked notes tied to UNH, NVDA, AVGO and GOOG. The notes mature on the stated maturity date (expected April 1, 2031) unless automatically called on observation dates beginning in March 2027.

For each $1,000 face amount, the maximum monthly coupon is $9.084 (0.9084% monthly; approx 10.9% annual) if each index stock is >= 80% of its initial price on a coupon observation date; the minimum monthly coupon is $0.209 (0.0209% monthly; approx 0.25% annual). Notes are expected to be set on the trade date (expected March 25, 2026) with an original issue date expected March 30, 2026. The estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes, fully 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 trade date to the determination date.

If the final underlier level is greater than or equal to the buffer level (85% of the initial level), holders receive a capped maximum settlement amount (expected between $1,146.80 and $1,172.30 per $1,000 face). If the final underlier level is below the buffer level, holders lose approximately 1.1765% of principal for every 1% decline below the buffer and could lose the entire investment. The notes are subject to issuer and guarantor credit risk, uncertain U.S. tax treatment, limited liquidity, and are not insured.

GS Finance Corp. is offering autocallable, index-linked notes due March 31, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes link to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index) and carry an upside participation rate of 100%.

The notes may be automatically called on annual observation dates beginning March 30, 2027 if the index closes at or above the initial index level; call payments equal $1,000 plus a call premium (for example, 6.50% on the first call). GS&Co.’s estimated trade-date value is $850 to $880 per $1,000 face amount. The final cash payment at maturity depends on the index return on the March 24, 2033 determination date; if the final index level is equal to or below the initial level, the cash settlement amount will equal the face amount.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due April 29, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Broadcom Inc. (Bloomberg: AVGO UW). The trade date is March 26, 2026 and the original issue date is March 31, 2026.

The notes pay a contingent monthly coupon of $11.709 per $1,000 (approx. 14.05% annualized) only when the closing level of Broadcom is at or above a coupon trigger level equal to 56% of the initial level. The notes will be automatically called on scheduled call observation dates if Broadcom closes at or above the initial level, returning $1,000 plus any coupon then due. If not called, principal at maturity depends on final performance: holders receive $1,000 if Broadcom is at or above 56% of the initial level, but could lose up to their entire investment if Broadcom falls substantially below that buffer.

GS Finance Corp. offers non‑interest bearing, automatically callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The trade date is March 5, 2026, original issue date is March 10, 2026, and the stated maturity is March 10, 2032. The aggregate face amount at issuance is $2,044,000 and each note has a $1,000 face amount denomination.

If the index on a call observation date equals or exceeds the initial underlier level of 462.80, the notes will be automatically called and pay $1,000 plus a call premium (table lists call premiums up to 169.05%). If not called, maturity payoff depends on the underlier return measured to the determination date March 5, 2032, with a capped maximum settlement amount of $2,764 per $1,000 face amount and a trigger buffer of 50%. The index applies leverage (up to 500%) and a daily 6.0% per annum decrement; the estimated value at pricing was approximately $955 per $1,000 face amount.

GS Finance Corp. offers autocallable contingent coupon equity-linked notes due April 29, 2027 guaranteed by The Goldman Sachs Group, Inc. The notes reference the capital stock of International Business Machines Corporation (IBM) and pay a contingent monthly coupon of $11.584 per $1,000 (1.1584% monthly; up to approximately 13.9% annually) when the underlier meets the 70% coupon trigger on observation dates. The notes are automatically called if the underlier closes at or above the initial underlier level on any call observation date, in which case holders receive $1,000 plus any coupon then due. If not called, the cash settlement at maturity ranges from 0% to 100% of face based on the final underlier level relative to the initial level, with a buffer/trigger level set at 70%. The trade date is March 26, 2026 and the original issue date is March 31, 2026. The notes are subject to issuer and guarantor credit risk, potential loss of principal, limited upside at maturity, and model/pricing differentials described herein.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due April 29, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of CrowdStrike Holdings, Inc. (CRWD UW) and pay a contingent monthly coupon of $12.709 per $1,000 (1.2709% monthly, up to ~15.25% per annum) when the underlier meets the coupon trigger level (57% of the initial level) on an observation date.

The notes are automatically called if the underlier's closing level on a call observation date is greater than or equal to the initial underlier level. At maturity (if not called), repayment per $1,000 depends on the final underlier level: investors receive $1,000 if the final level is ≥ the trigger buffer (57%), but will suffer proportional losses if the final level is below that buffer; loss of the entire investment is possible. Trade date is March 26, 2026; original issue date March 31, 2026. CUSIP 40058YC34.

GS Finance Corp. is offering contingent coupon, buffered notes linked to the S&P 500® Index, the Russell 2000® Index and the VanEck Semiconductor ETF. The notes have an expected trade date of March 13, 2026, an expected original issue date of March 18, 2026, and an expected stated maturity date of March 19, 2029.

Holders may receive a monthly coupon of $11.50 per $1,000 face amount (1.15% monthly) on a coupon payment date only if the closing level of each underlier on the related coupon observation date is at least 75% of its initial level. Principal protection is limited: a buffer at 80% of initial levels limits loss treatment above that level; if the lesser performing underlier falls below 75%, principal can be reduced substantially based on the lesser performing underlier return. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Stepdown Snowball Autocallable Notes linked to the worst‑performing of the S&P 500® and Russell 2000® indices. Each unit has a $10 principal amount and matures March, 2028 if not automatically called. The notes may be automatically called on Call Observation Dates with Call Payments of $11.125 (first call) or $12.25 (final call). If not called, repayment at maturity is 1‑for‑1 to the Worst‑Performing Market Measure and the investor may lose more than 30% of principal. Estimated value at pricing is $9.25–$9.55 per $10 unit. Payments are subject to GS Finance Corp. and Goldman Sachs Group, Inc. credit risk.

GS Finance Corp. is offering principal-at-risk notes linked to the S&P 500 Index with an aggregate face amount of $15,300,000. Each note has a $1,000 face amount, an 206% upside participation rate and a 15% buffer (buffer level 85%). If the call observation date test is met, notes will be automatically called and pay $1,090 per $1,000 on the call payment date. If not called, maturity payment depends on the final underlier level versus the initial underlier level (initial level 3/4/2026 at 6,869.50). Trade date is 3/5/2026, original issue price is 100% with a 1.5% underwriting discount (net proceeds 98.5%). The notes do not bear interest; investors may lose their entire investment if the final underlier level is below the buffer level.

GS Finance Corp. is offering $1,000-face autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index and have a 100% upside participation rate. They may be automatically called annually if the index closing level meets or exceeds 101.5% of the initial index level. Call payment dates and call premiums are: Mar 18, 2027 (11.50%), Mar 20, 2028 (23.00%), Mar 19, 2029 (34.50%) and Mar 18, 2030 (46.00%). If not called, maturity is March 18, 2031 with cash settlement based on index return (limited so that negative or zero index return yields the face amount). Trade date is March 11, 2026 and original issue date is March 16, 2026. GS&Co. estimates the notes' value on the trade date at $850 to $880 per $1,000 face amount, below the issue price.

GS Finance Corp. offers contingent monthly‑coupon, autocallable notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $4,375,000. The notes pay a contingent monthly coupon of $10 per $1,000 (a 1% monthly rate, up to 12.00% per annum) when each underlier is at or above its coupon trigger (70% of initial). The underliers are the Nasdaq‑100, Russell 2000 and S&P 500 indices.

The notes are automatically called on a call payment date if every underlier is at or above its initial level on the related call observation date; trade date is March 5, 2026, original issue date March 10, 2026, and stated maturity is March 8, 2029. If not called, the cash settlement at maturity for each $1,000 face amount is either $1,000 if the final lesser performing underlier level is at or above its trigger buffer (60%) or $1,000 + ($1,000 × lesser performing underlier return) if below that buffer. The pricing supplement warns you could lose your entire investment if the lesser performing underlier declines sufficiently.

GS Finance Corp. is offering $Buffered Digital S&P 500® Index‑linked notes due March 25, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and link payout to the S&P 500 performance measured from an initial underlier level of 6,740.02 (set March 6, 2026) to the determination date of March 22, 2027.

Holders receive a capped cash settlement of $1,096 per $1,000 face amount if the final underlier level is at or above the buffer level (90% of the initial level). If the final level is below the buffer, investors suffer downside: roughly 1.1111% loss of face amount per 1% decline below the buffer, and could lose the entire investment. The offering price is 100% of face amount, underwriting discount is 1%, and net proceeds to the issuer are 99% of face amount.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes that may be automatically redeemed on the call observation date for $1,111.5 per $1,000 face amount if the S&P 500 closing level on that date is at or above the initial level of 6,740.02. The call observation date is expected to be March 15, 2027 with a call payment of March 18, 2027.

If not called, maturity is expected on September 10, 2027 (determination date expected September 7, 2027) and payouts depend on index performance measured from March 6, 2026. Key terms: 125% upside participation, cap level 112% (maximum settlement $1,150), trigger buffer 70%. Estimated value at terms set: $925–$955 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. is offering structured, callable notes linked to the State Street SPDR S&P Bank ETF (KBE) and the VanEck Semiconductor ETF (SMH). The notes are expected to trade on March 17, 2026, with an original issue date expected on March 20, 2026 and a stated maturity expected on December 26, 2028, subject to automatic redemption.

Each $1,000 face amount may pay a monthly coupon of $8.959 (0.8959% monthly, ~10.75% annually) only if the closing level of each ETF on a coupon observation date is at least 75% of its initial level. The notes will be automatically called on a call payment date if, on any call observation date (beginning September 2026), each ETF is at least 95% of its initial level. At maturity, if not called, repayment is based on the lesser performing ETF: if that ETF is at or above 75% of its initial level you receive $1,000; below that level you incur a proportional loss determined by the lesser performing ETF return plus the 25% buffer.

The estimated value on the trade date is between $925 and $955 per $1,000 face amount; payment obligations remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.