Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. issues principal‑protected‑style indexed notes totaling $1,500,000 maturing March 8, 2029. The cash payoff per $1,000 face amount depends on the performance of an equally weighted basket of five indices measured from the trade date March 5, 2026 to the determination date March 5, 2029.

If the final basket level exceeds the initial level (initial = 100), you receive $1,000 plus participation at a 100% upside rate of the basket return. If the final basket level falls up to 20%, you receive the face amount. If it falls more than 20%, the payment is reduced by the amount the basket is below the buffer, causing potentially large principal loss. The issuer and guarantor credit risk applies.

GS Finance Corp. offers structured, S&P 500®-linked medium-term notes due February 14, 2031, guaranteed by The Goldman Sachs Group, Inc. The offering totals $19,224,000 in aggregate face amount with individual face amounts of $1,000.

Payment at maturity depends on the S&P 500 closing level from the trade date to the determination date. Notes pay no interest, provide 125% upside participation capped at a $1,803.632 maximum settlement per $1,000, and protect principal only if the final underlier level is no more than 30% below the initial level (trigger buffer 70%). Original issue price is 100% with an underwriting discount of 0.85%.

GS Finance Corp. offers principal-protected contingent‑coupon notes linked to two ETFs with a stated maturity of December 12, 2028. The offering has an aggregate face amount of $2,854,000 on the original issue date. Coupons of $8.542 per $1,000 (0.8542% monthly / ~10.25% p.a.) are payable on a coupon payment date only if the closing level of each underlier is at or above 75% of its initial level on the associated observation date. Notes will be automatically called on a call payment date if, on any call observation date commencing September 2026, each ETF is at least 95% of its initial level; called notes pay the face amount plus the coupon. At maturity, if not called, the cash settlement depends on the lesser performing ETF relative to buffer and coupon trigger levels (buffer 80%, coupon trigger 75%); losses occur if the lesser performing ETF declines below the buffer. The estimated value at pricing is approximately $943 per $1,000 face amount; original issue price is 100% (underwriting discount 3.25%).

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 24, 2031. The notes carry an interest rate of 4.40% per annum, payable each March 24 and September 24 commencing September 24, 2026. Trade date is March 20, 2026 and original issue date is March 24, 2026. Notes will be issued in $1,000 denominations, will not be listed, and will be issued in book-entry form through DTC. The pricing supplement states the original issue price will vary between % and 100% for certain investors and that interest accrues using the 30/360 (ISDA) day count convention.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 9, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of 3.0375% per quarter (up to 12.15% per annum) if each underlier is at or above a coupon trigger of 70% of its initial level on an observation date. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices; initial underlier levels are set as of March 6, 2026. Notes will be automatically called if, on any call observation date, every underlier is at or above its initial level; if not called, the maturity cash amount depends on the lesser performing underlier and may be as low as 0% of principal. The prospectus warns that investors could lose their entire investment if the final lesser performing underlier is below the trigger buffer of 60%.

GS Finance Corp. is offering leveraged, buffered notes linked to the iShares Expanded Tech-Software Sector ETF, guaranteed by The Goldman Sachs Group, Inc. The notes provide 150% upside participation up to a cap level (expected ~117.13%–120.09%), a 10% downside buffer and a buffer rate of approximately 111.11%. For each $1,000 face amount, the maximum settlement amount is expected to be between $1,256.95 and $1,301.35, and the estimated value on the trade date is expected to be between $955 and $985 per $1,000 face amount. The notes pay no interest, are cash‑settled at maturity based on the ETF closing level on the determination date (expected ~13–15 months after trade date), and expose holders to the credit risk of GS Finance Corp. and its guarantor.

The Goldman Sachs Group, Inc. is offering floating rate notes linked to compounded SOFR. The notes bear interest at compounded SOFR plus 0.36% per annum, subject to a 0.50% minimum, with monthly payments expected on the 17th of each month. The trade date is expected to be April 15, 2026, original issue date April 17, 2026, and stated maturity is expected to be May 17, 2027. The notes are unsecured obligations of the issuer, are not FDIC insured, are not listed, and have Goldman Sachs & Co. LLC as calculation agent, which will determine compounded SOFR and any benchmark replacement in its discretion.

GS Finance Corp. is offering autocallable notes linked to the S&P 500® Futures Excess Return Index, due March 17, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and include an automatic call: if the underlier closing level on the call observation date is greater than or equal to the initial level, each $1,000 face amount will be redeemed on the call payment date for $1,180. If not called, the maturity payment depends on the final underlier level: upside participation is 200%; a trigger buffer is set at 70% of the initial level. If the final underlier level is below the trigger buffer, investors can incur losses equal to the underlier return multiplied by $1,000, potentially losing their entire investment. Trade date is March 13, 2026 and original issue date is March 18, 2026. The notes reference futures contracts rather than the cash S&P 500® Index and are subject to credit risk of the issuer and guarantor.

GS Finance Corp. is offering principal-protected-style notes linked to the common stock of American Airlines Group Inc. (AAL), with an aggregate face amount of $2,775,000. The notes pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 face amount will pay at maturity either the maximum settlement amount of $1,234.30 if the final underlier level is at or above the trigger buffer level (which is 70% of the initial underlier level), or otherwise a cash amount equal to $1,000 plus ($1,000 × the underlier return). The initial underlier level is $12.46 (set March 4, 2026); the stated maturity date is March 23, 2027 (determination date March 18, 2027), each subject to adjustment. Purchasers may lose up to the entire investment if the final underlier level falls below the trigger buffer.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay interest at 5.45% per annum, with an original issue date expected on March 24, 2026 and a stated maturity expected on March 7, 2041.

Interest is expected to be paid annually on March 24 (first payment expected March 24, 2027). The notes are callable by the issuer in whole, but not in part, on scheduled redemption dates expected on each March 24, June 24, September 24 and December 24 on or after March 24, 2029, at a redemption price equal to 100% of principal plus accrued interest to but excluding the redemption date.

The offered notes are S&P 500®-linked, principal-at-risk notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, maturity payment on March 8, 2029 depends on the S&P 500 return from the trade date to the determination date.

If the final level > initial level, you receive $1,000 plus $1,000×300%×underlier return, capped at $1,311.10. If final ≥ 75% of initial, you receive the face amount. If final < 75% of initial, you lose proportionally and could lose your entire investment. The notes pay no interest; original issue price is 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked notes maturing in 2027 that return a cash amount tied to the lesser performing of the S&P 500®, the Dow Jones Industrial Average® and the S&P 500® Equal Weight Index. If each index’s final level on the determination date is at least 75% of its initial level set on March 6, 2026, the notes pay a capped $1,085 per $1,000 face amount. If any index is below that 75% buffer level, holders face a leveraged loss formula (buffer rate ~133.33%) and could lose their entire investment. The estimated value at pricing is between $925 and $955 per $1,000 face amount, which is below the original issue price. The notes do not bear interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. offers $585,000 aggregate face amount of iShares® Silver Trust‑linked notes due March 9, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and repay at maturity a cash amount per $1,000 face that depends on the iShares Silver Trust (SLV) return measured from the trade date to the determination date. If SLV rises more than 25% from the initial level of $74.27, holders receive a capped $1,190 per $1,000 (a 19% return). If SLV increases up to 25%, holders receive the ETF return up to 25%. If SLV is flat or down, holders receive $1,000 (no return). The estimated initial value is approximately $969 per $1,000 face; original issue price is 100% with a 1.5% underwriting discount.

GS Finance Corp. prices equity-index-linked, auto-callable medium-term notes due April 6, 2029, guaranteed by The Goldman Sachs Group, Inc. Each security has a $1,000 face amount and may be automatically called on a series of scheduled call dates beginning April 6, 2027; call premiums increase on later call dates to at least 49.80% on the final calculation day. If not called, the maturity payment depends solely on the performance of the lowest performing underlier (the S&P 500®, the Russell 2000® or the EURO STOXX 50®) on the final calculation day: holders receive $1,000 if that underlier declines by no more than 25.00%, but suffer 1-to-1 downside beyond that and can lose up to 100.00% of the face amount. The original offering price is $1,000 per security with an estimated value at pricing of $900–$930 per $1,000 face amount; underwriting discounts reduce proceeds to the issuer to $974.25 per security.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay 5.15% per annum, with an original issue date expected to be March 24, 2026 and a stated maturity date expected to be March 7, 2036.

Interest is payable annually on each expected March 24, beginning March 24, 2027. The notes are callable in whole (not in part) on scheduled redemption dates expected each March 24, June 24, September 24 and December 24 on or after September 24, 2027, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market; Goldman Sachs & Co. LLC and InspereX LLC are listed as underwriters and potential market makers.

GS Finance Corp. offers Trigger Jump Securities tied to Tesla, Inc. stock with automatic call features. The securities are unsecured notes guaranteed by The Goldman Sachs Group, Inc., expected to price on or about March 27, 2026 and issue on April 1, 2026, with a stated maturity of April 1, 2031.

The notes pay fixed call premiums if quarterly call observation dates meet or exceed the initial share price; a maturity premium (at least 85.00%) applies if the final share price is at or above a downside threshold equal to 60.00% of the initial share price. If not called and the final share price is below that threshold, holders suffer 1-for-1 downside exposure and may lose a significant portion or all principal. The estimated value range at pricing is $890 to $950 per $1,000 principal amount.

GS Finance Corp. offers contingent coupon notes (aggregate face amount $162,000) due March 12, 2029 with monthly contingent coupons and early redemption rights. The notes reference the NDXT, RTY and SPX indices; coupons pay only if each underlier meets a 70% trigger on observation dates and principal at maturity is tied to the performance of the lesser performing underlier relative to a 60% trigger buffer.

The notes pay a potential monthly coupon of 0.7125% (up to 8.55% per annum) when triggers are met, but holders may lose up to the full investment if the lesser performing underlier falls below its trigger buffer. The issuer may redeem on coupon dates beginning September 2026 through February 2029.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2046 carrying a stated interest rate of 5.70% per annum, with an expected original issue date of March 24, 2026 and an expected maturity date of March 7, 2046.

The notes will pay interest annually on expected March 24ths (first payment expected March 24, 2027), will be issued in book-entry form through DTC, and are callable at the issuer’s option in whole (not in part) on expected quarterly redemption dates on or after March 24, 2029, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. Settlement is expected in New York on March 24, 2026.

GS Finance Corp. is offering S&P 500® Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are principal‑protected at maturity but do not bear interest. For each $1,000 face amount, if the final underlier level exceeds the initial level the cash payment will equal $1,000 plus the underlier return subject to a 113.700% maximum settlement amount; if the final underlier level is equal to or less than the initial level, holders receive the face amount. Key dates: trade date March 9, 2026, original issue date March 12, 2026, determination date March 9, 2028, and stated maturity date March 14, 2028. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes and are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering non-interest-bearing, equity-linked notes tied to the common stock of NVIDIA Corporation with an expected trade date of March 9, 2026, an expected call observation date of March 19, 2027, and an expected stated maturity date of March 9, 2028. The initial index stock price is $177.82. If the notes are called, holders receive $1,284.5 per $1,000 face amount on the call payment date; at maturity holders may receive at least the threshold settlement amount of $1,569 per $1,000 face amount if the final index stock price is not below the initial price, but could lose a substantial portion or all of their investment if NVIDIA falls below the trigger buffer price of 70% of the initial index stock price. The notes' estimated value at pricing is between $900 and $930 per $1,000 face amount, and payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. is offering autocallable buffered notes linked to the iShares Expanded Tech-Software Sector ETF (IGV), guaranteed by The Goldman Sachs Group, Inc. The notes may be automatically called between 12 and 14 months after the trade date for a capped cash payment of between $1,167.8 and $1,196.9 per $1,000 face amount. If not called, the stated maturity is expected at approximately 24 months; positive returns pay at a 150% participation rate. A 10% buffer applies: declines up to 10% return principal, larger declines reduce principal at ~111.11% of losses beyond the buffer. The estimated value at pricing is $935 to $965 per $1,000, and payments are subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable, non‑interest‑bearing index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date expected to be March 9, 2026, an expected stated maturity of March 9, 2028, and an expected automatic call observation on March 19, 2027.

If on the call observation date both the S&P 500® Index and the Russell 2000® Index are at or above their initial levels set on March 6, 2026, each $1,000 note pays $1,111.3 on the call payment date. If not called, the maturity payout depends on the lesser performing index: if that index is >=70% of its initial level, each $1,000 note pays $1,222.6; if below 70%, the cash payment equals $1,000 plus the lesser performing index return times $1,000, which could result in a loss of principal. The estimated value on the trade date is between $900 and $930 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering floating rate notes that pay compounded SOFR plus 0.360% per annum, subject to a minimum interest rate of 0.50% per annum. Interest is expected to be payable monthly on the 24th, beginning May 24, 2026, with a stated maturity date of May 24, 2027.

Trade date is expected to be April 17, 2026 and original issue (settlement) date is expected to be April 24, 2026. Notes are in $1,000 denominations, are unsecured obligations of Goldman Sachs, will not be listed, have no redemption rights, and designate Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide cash at maturity tied to the S&P 500® Index performance from the April 1, 2026 trade date to the July 1, 2027 determination date, with a 15% buffer (buffer level = 85%) and a capped maximum settlement of $1,114.50 per $1,000 face amount. If the final index level is at or above the initial level you receive the maximum settlement; if the final level falls but not below the buffer you receive $1,000; if it falls below the buffer you incur losses proportional to the index decline. The notes are senior debt under the GSFC 2008 indenture, are not interest-bearing, and carry issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 24, 2033 with an interest rate of 4.625% per annum.

Trade date is March 20, 2026 and original issue date is March 24, 2026. Interest is payable semiannually on the 24th of March and September, commencing September 24, 2026. The notes will be issued in book-entry form through DTC and will not be listed on any exchange.

GS Finance Corp. issues callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The offering has an aggregate face amount of $2,342,000 (per-note denomination $1,000), trade date March 5, 2026, original issue date March 10, 2026 and stated maturity March 10, 2032. The index initial underlier level is 462.80 and a monthly coupon of $18.75 per $1,000 (1.875% monthly) is payable only on coupon payment dates when the index closing level is >= 70% of the initial underlier level. Notes will be automatically called on a call payment date if the index on any call observation date is >= the initial underlier level; call observation dates commence September 2026. The index applies up to 500% leverage, a 6.0% per annum daily decrement, and a cap on daily leverage change of 100%, which can magnify losses and reduce gains. The estimated value at issuance is approximately $963 per $1,000 face amount; issue price is 100% with an underwriting discount of 0.9% (net proceeds 99.1%).

GS Finance Corp. is offering principal-at-risk, equity-linked notes tied to the MSCI EAFE Index. Each note has a $1,000 face amount, does not pay interest, and matures in March 2028 (dates subject to adjustment). If the final index level exceeds the initial level, holders receive 125% participation in the upside, capped at a maximum settlement amount of $1,270 per $1,000 face. If the final level is between 90% and 100% of the initial level, holders receive the face amount. If the final level is below 90%, principal is reduced pro rata: holders lose 1% of face for each 1% drop beyond the 10% buffer. The notes are unsecured senior debt of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc. Purchasers bear issuer/guarantor credit risk and market/foreign-currency and tax uncertainties described herein.

GS Finance Corp. offers structured, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes link to an equally weighted basket of Adobe (ADBE), Intuit (INTU) and Palantir (PLTR) with an initial basket level of 100 and an upside participation rate of 127.85%. The notes have a trade date expected March 9, 2026, an expected call observation date of March 9, 2027 (automatic redemption pays $1,200 per $1,000 face amount) and an expected stated maturity of March 13, 2031.

At maturity, if not called, payment depends on the basket return: positive or zero returns pay $1,000 plus participation; declines up to 50% return principal ($1,000); declines greater than 50% result in a pro rata principal loss. The estimated value on the trade date is $885–$925 per $1,000 face amount.

GS Finance Corp. offers contingent‑redeemable notes linked to Salesforce, Inc. common stock. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026 and an expected stated maturity of March 23, 2029. They pay no interest and include an automatic call on the call observation date (expected March 22, 2027) that would pay $1,197.50 per $1,000 face amount if the closing price of Salesforce is at or above the initial index stock price. If not called, maturity payout depends on the index stock return: an upside participation rate of 150% applies to positive returns; declines up to 30% produce a positive payout equal to the absolute decline; declines beyond 30% produce negative returns and could cause loss of principal. The estimated value at terms-setting is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due March 21, 2033, guaranteed by The Goldman Sachs Group, Inc.

The notes pay a capped cash amount if automatically called when the index closes at or above a call level of 101.25% on annual call observation dates and otherwise pay at maturity based on the Goldman Sachs Momentum Builder Focus ER Index performance with a 100% upside participation rate. The notes feature annual call dates (first observation March 15, 2027) with call premium amounts ranging from 9.50% to 57.00%, and a stated determination date of March 14, 2033.

The pricing supplement discloses an estimated trade‑date value of $885 to $925 per $1,000 face amount (less than issue price) and highlights material risks including credit exposure to the issuer and guarantor, the index’s deductions and potential large allocations to cash positions that may limit upside.

The Goldman Sachs Group, Inc. is offering fixed rate notes due March 26, 2029. The notes are U.S. dollar denominated, issued in $1,000 denominations, carry a stated interest rate of 4.15% per annum, pay interest semiannually on March 24 and September 24 (with March 2029 payment at maturity), and will be issued in book-entry form through DTC.

Terms including the original issue price and certain concessions will be set on the trade date; the prospectus notes resale and market-making by Goldman Sachs affiliates and contains customary distribution, tax, ERISA, and jurisdictional selling restrictions.

The Goldman Sachs Group, Inc. is offering $100,000,000 principal of Callable Fixed Rate Notes due September 9, 2027. The notes pay interest at 4.15% per annum from and including the original issue date, March 9, 2026, with scheduled interest payments on September 9, 2026, March 9, 2027 and September 9, 2027. The issuer may redeem the notes in whole, but not in part, on specified redemption dates beginning September 9, 2026, with at least five business days’ prior notice at 100% of principal plus accrued interest.

The initial price to public is 100% of principal; the underwriting discount is 0.05% ($50,000) and proceeds before expenses to The Goldman Sachs Group, Inc. are $99,950,000. Settlement and delivery are expected in New York on March 9, 2026. The notes will be issued in book-entry form through DTC.

GS Finance Corp. is offering Trigger Callable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc., linked to the least performing of the S&P 500, Russell 2000 and the iShares MSCI EAFE ETF. The contingent coupon is set per $10 face amount between $0.23 and $0.2425 per quarter (up to 9.20%–9.70% per annum). Expected trade date is March 9, 2026, original issue date March 12, 2026 and stated maturity March 13, 2031. The company may redeem notes on coupon payment dates from June 2026 through December 2030. Minimum purchase is $1,000. Estimated value at pricing is between $9.55 and $9.85 per $10 face amount. At maturity, if the final level of any underlier is below its downside threshold (65.00% of initial level), holders receive a reduced cash settlement tied to the lesser performing underlier and could lose all of their investment. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers index-linked notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the lesser performing of the MSCI EAFE and EURO STOXX 50® indices, measured from the trade date to the determination date. The upside participation rate is 142.35% and a trigger buffer is set at 65% of initial index levels (a loss occurs if an index falls below this level). Trade date is expected to be March 9, 2026 with a stated maturity expected on March 14, 2029. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments at maturity are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Buffer Autocallable Securities linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The securities have a $10 face amount, a 20.00% buffer (downside threshold 80.00% of the initial index level) and an autocall barrier at 100.00% of the initial index level. Expected call return is set between 9.00% and 10.20%. Key dates: trade date March 24, 2026, original issue date March 27, 2026, call observation date March 29, 2027, and stated maturity date March 27, 2031. The estimated value at term-setting is between $9.40 and $9.70 per $10 face amount; original issue price is 100.00% of face amount with a 2.50% underwriting discount. Payments depend on index performance at set observation/determination dates and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Fixed Percentage Buffered Downside (face amount $1,000 per security) linked to the State Street® SPDR® S&P® Biotech ETF. The pricing date is March 31, 2026, original issue date April 6, 2026, and stated maturity date April 5, 2029.

The securities pay no interest, are subject to automatic call on specified call dates if the fund closing price meets a threshold equal to 85.00% of the starting price, and if not called expose holders 1-to-1 below a 15.00% buffer (investors may lose up to 85.00% of principal). Estimated value at pricing is $900–$930 per $1,000 face amount. Underwriting discounts reduce proceeds to issuer to $974.25 per security.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® index-linked digital notes. The notes pay no interest and mature on a date expected to be 67 to 70 months after the trade date. For each $1,000 face amount, holders receive a capped cash payment: if the final underlier level is at or above the trigger buffer level (90%) they receive the maximum settlement amount (expected between $1,483.40 and $1,567.10 per $1,000); if the final underlier level is below the trigger buffer level, the payment equals $1,000 plus $1,000 times the underlier return, exposing holders to full principal loss if the underlier falls sufficiently. The notes are sold at issue price set on the trade date, are subject to issuer and guarantor credit risk, have limited secondary market liquidity, and include tax and model‑valuation uncertainties described in the pricing supplement.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes that pay interest at 4.55% per annum from and including the original issue date March 24, 2026 to but excluding the stated maturity date March 7, 2031.

Interest is payable annually on each interest payment date (expected March 24 of each year) with the first payment expected on March 24, 2027. The notes are callable at the issuer's option in whole (not in part) on scheduled quarterly redemption dates beginning March 24, 2027, at a redemption price equal to 100% of principal plus accrued and unpaid interest.

GS Finance Corp. offers non-interest medium-term notes linked to an equally weighted basket of eight stocks, with The Goldman Sachs Group, Inc. guaranteeing payment. The notes have an expected trade date of March 9, 2026, an expected original issue date of March 12, 2026, an expected call observation date of March 19, 2027 and an expected stated maturity date of March 9, 2028. Each $1,000 face amount pays $1,202.6 if automatically called; otherwise final payment depends on the basket return with an upside participation rate of 125%, a buffer level of 85% (buffer amount 15%) and a buffer rate of approximately 117.65%. Estimated value at pricing is between $900 and $930 per $1,000 face amount; noteholders bear the issuer and guarantor credit risk.

GS Finance Corp. is offering non-interest notes whose payoff is linked to an equally weighted basket of six stocks (Boeing, Constellation Energy, Eaton, KLA, L3Harris, MP Materials). The notes mature on March 9, 2028 and have an automatic call feature on the call observation date (expected March 19, 2027), which would pay $1,158.90 per $1,000 face amount if the basket closing level is at or above the initial level.

At maturity, if not called, payoff depends on the basket return: a positive return receives 125% upside participation; a final level between the initial level and 80% (the buffer level) returns principal; a deeper decline below the buffer reduces principal according to a 20% buffer and a buffer rate equal to 125%. The estimated value at pricing is between $900 and $930 per $1,000. Payments are subject to the credit risk of the issuer and guarantor (GS Finance Corp. and The Goldman Sachs Group, Inc.).

The Goldman Sachs Group, Inc. is offering $10,000,000 Callable Fixed Rate Notes due March 7, 2031 with a fixed interest rate of 4.675% per annum, payable semiannually on March 9 and September 9, beginning September 9, 2026.

The notes are being issued at 100% of par ($10,000 per note) with an underwriting discount of 0.35% ($35,000) and estimated proceeds to the issuer of $9,965,000 before expenses. The issuer may redeem the notes in whole, but not in part, on each redemption date on or after March 9, 2028, at 100% plus accrued interest with at least five business days’ prior notice. Settlement and delivery are scheduled in New York on March 9, 2026.

GS Finance Corp. offers contingent coupon notes guaranteed by The Goldman Sachs Group, Inc., linked to the common stocks of Palantir Technologies, NVIDIA and Tesla, with an expected stated maturity of March 16, 2029.

The notes pay monthly contingent coupons only if each index stock meets a 50% trigger threshold on observation dates; they may be automatically called beginning March 2027. At maturity the cash payment depends on whether a trigger event occurs: if no trigger event, holders receive the face amount (plus a possible final coupon); if a trigger event occurs, payment is tied to the lesser performing index stock and could be significantly less than the face amount. The prospectus discloses an estimated value at pricing of $925–$955 per $1,000 face amount and highlights issuer and guarantor credit risk.

GS Finance Corp. offers $1,000,000 aggregate of autocallable, buffered S&P 500® index-linked notes due March 8, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount note pays no interest, may be automatically called for $1,100 per $1,000 on the call payment date if the S&P 500 closing level on the call observation date (March 17, 2027) is at or above the initial level of 6,869.50, and otherwise settles at maturity based on index performance measured from the trade date (March 5, 2026) to the determination date (March 3, 2028).

Notes feature a 20.79% buffer (buffer level = 79.21% of the initial level; buffer rate ≈ 126.25%); losses occur if the final index level is below the buffer level and investors can lose their entire investment. Estimated value at trade date was approximately $989 per $1,000 face amount.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc. The notes reference four stocks (Alphabet Class C, NVIDIA, Meta Class A, AMD), have an expected trade date of March 19, 2026, an expected original issue date of March 24, 2026, and an expected stated maturity of March 26, 2031. Coupons pay monthly and are binary: the maximum coupon is $6.459 per $1,000 (0.6459% monthly, ~7.75% p.a.) if each index stock is >= 70% of its initial price on an observation date; otherwise the minimum coupon is $0.209 per $1,000 (0.0209% monthly, ~0.25% p.a.). Notes are subject to automatic call if each index stock is >= its initial price on a call observation date. The estimated value on the trade date is between $885 and $925 per $1,000 face amount. The return depends on stock performance and the issuer/guarantor credit risk.

GS Finance Corp. is offering capped, non‑interest bearing automatic‑callable notes linked to the Class C share of Alphabet, Class A share of Meta Platforms and common share of NVIDIA. The notes mature March 26, 2031 unless automatically called on scheduled call observation dates beginning March 19, 2027.

If, on any call observation date, each index stock closes at or above 90% of its initial price, the notes will be redeemed early at $1,000 plus the applicable call premium. If not called, the cash payout at maturity depends on the lesser performing index stock: if all three are ≥90% of initial, holders receive a capped maximum settlement of $1,387.54 per $1,000; if any is below its initial price, holders receive $1,000.

The trade date is expected to be March 19, 2026, the original issue date is expected to be March 24, 2026, and the stated maturity premium amount is specified as 38.754%. The estimated value on the trade date is stated between $885 and $925 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and Goldman Sachs & Co. LLC is the calculation agent.

The Goldman Sachs Group, Inc. is offering callable fixed-rate medium-term notes that pay 5.00% interest per annum from and including the expected original issue date of March 19, 2026 to but excluding the expected stated maturity of March 19, 2034.

Interest is payable expected each March 19 and September 19 with the first payment expected on September 19, 2026. The notes are callable at issuer option in whole (not in part) on specified quarterly redemption dates on or after March 19, 2028, at par plus accrued interest. The notes will be issued in book-entry form through DTC and delivered against payment in New York on March 19, 2026. The offering will be distributed by Goldman Sachs & Co. LLC under the described plan of distribution.

GS Finance Corp. is offering Digital Equity‑Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of ServiceNow, Inc. and pay at maturity based on the underlier’s performance from the trade date to the determination date.

Key terms: maximum settlement of $1,300 per $1,000 face amount, a trigger buffer set at 50% of the initial underlier level, trade date March 12, 2026, original issue date March 17, 2026, determination date March 13, 2028 and stated maturity March 16, 2028. If the final underlier level is below the trigger buffer, investors lose 1% of face amount for each 1% decline in the underlier; the notes pay no interest.

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500, Russell 2000 and Dow Jones Industrial Average and mature on March 13, 2031, unless automatically called.

Monthly coupons of 0.75% (up to 9% annually) are paid only if each index ≥ 84% of its initial level on a coupon observation date. Automatic calls occur on specified quarterly call observation dates if each index ≥ its initial level. Principal at maturity depends on the lesser performing index and applies a 10% buffer and a buffer rate of approximately 111.11%. The pricing supplement shows an estimated initial value between $885 and $925 per $1,000 face amount and an original issue date expected on March 12, 2026.