Goldman Sachs Group Inc. 424B Filings

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.

GS Finance Corp. offers Digital Equity-Linked Notes due 2029 linked to the common stock of Exxon Mobil Corporation with a $1,245 maximum settlement amount per $1,000 face amount. Trade date is March 31, 2026, original issue date April 3, 2026, determination date April 2, 2029 and stated maturity April 5, 2029. If the final underlier level is ≥ the initial level, holders receive the maximum settlement amount; if the final level is less, holders receive the $1,000 face amount. The notes pay no interest, are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The pricing supplement warns that the original issue price exceeds the model-derived estimated value and that secondary market liquidity and market value may be limited.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, contingent income notes linked to Apple Inc., Robinhood Markets and Moderna. The notes have an expected trade date of March 11, 2026, an expected stated maturity of March 15, 2029, monthly coupon observation dates, and an automatic call feature beginning in March 2027. Coupons (if any) depend on whether each index stock closes at or above 60% of its initial price on observation dates; a trigger event (all three final prices below initial prices) can cause principal loss tied to the worst-performing stock. The prospectus discloses the estimated value at pricing of $925–$955 per $1,000 face amount, an original issue price of 100% of face amount, and emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent coupon structured notes linked to the common stocks of Tesla, Micron, Oracle and Broadcom. The notes have an expected trade date of March 18, 2026, an expected original issue date of March 23, 2026, and an expected stated maturity date of March 25, 2031.

Coupons are monthly per $1,000 face amount: a $8.417 maximum coupon (0.8417% monthly, ~10.1% annualized) if each index stock on a coupon observation date is at least 70% of its initial price, or a $0.209 minimum coupon (0.0209% monthly, ~0.25% annualized) otherwise. Notes are automatically called (redeemed at par plus coupon) if, on any call observation date, each index stock is at least 90% of its initial price. Observation dates and related call/coupon mechanics are set on the trade date.

The estimated value on the trade date is stated to be between $885 and $935 per $1,000 face amount. Payments are subject to the issuer’s and guarantor’s credit risk and to calculation-agent determinations by Goldman Sachs & Co. LLC.

GS Finance Corp. is offering autocallable, cash‑settled notes linked to the S&P 500® Futures Excess Return Index, due March 24, 2031 and guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, participate 100% in upside, include an 80% buffer (100% buffer rate) and automatic annual call dates beginning March 17, 2027 with specified call premiums. If not called, maturity payout depends on the final underlier level: full principal for levels at or above 80% of the initial level, and a formulaic loss below 80% that can result in a substantial principal loss. The notes are subject to issuer and guarantor credit risk, model valuation differences versus issue price, market‑liquidity limits, futures roll/contango effects, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering autocallable equity-linked notes due March 24, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference four stocks: Amazon, Oracle, Tesla and UnitedHealth, with a 100% upside participation rate. The notes pay no interest and may be automatically called monthly beginning with the March 16, 2027 observation date if each underlier closes at or above its initial level; call payments equal $1,000 plus a specified call premium (first listed as 13.5%). If not called, the cash settlement at maturity is based solely on the lesser performing underlier; negative performance by any underlier limits recovery to the face amount. Pricing, original issue price, underwriting discount and comparable yield are set on the trade date and certain numeric fields are investor- and tranche-specific.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due (guaranteed by The Goldman Sachs Group, Inc.) that pay a cash amount at maturity based on the S&P 500 performance from the trade date to the determination date.

The notes have a 15% buffer (buffer level = 85% of the initial underlier), a buffer rate of approximately 117.65%, and a capped maximum settlement expected between $1,073 and $1,085.60 per $1,000 face amount. If the final underlier level is below the buffer level, losses accrue at about 1.1765% of face for each 1% decline below the buffer and holders could lose their entire investment. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers S&P 500® Index-linked notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity either $1,000 or $1,000 plus 200% of the aggregate, across annual observation periods, of each period’s eleven lowest monthly S&P 500 returns (the highest monthly return in each period is eliminated).

The notes do not pay interest, carry issuer and guarantor credit risk, and have an estimated initial value of $885 to $925 per $1,000 face amount at pricing. Observation dates are expected monthly from April 13, 2026 through March 13, 2031; trade date and original issue date are expected in March 2026.

GS Finance Corp. priced $2,781,000 of Jump Securities due March 7, 2030, guaranteed by The Goldman Sachs Group, Inc. The securities are principal‑at‑risk notes linked to a weighted basket of five international equity indices with an initial basket value of 100 and an upside threshold of 130%. At maturity the payment formula delivers either (a) participation at a 145.00% leverage on basket appreciation if the final basket value is ≥ 130%, (b) a fixed $300 upside payment if the basket finishes between 100 and 130, or (c) a pro rata loss of principal if the basket finishes below 100. The offering price was par with an estimated model value of approximately $950 per $1,000 principal amount; the securities do not pay interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable notes guaranteed by The Goldman Sachs Group, Inc. linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40.00%), Nikkei 225 (25.00%), FTSE 100 (17.50%), Swiss Market Index (10.00%) and S&P/ASX 200 (7.50%).

Key terms set on the trade date include a 100.00% autocall barrier, annual call returns based on a per annum rate between 11.10% and 11.60%, expected trade/issue dates in March 2026, and an expected maturity on March 9, 2029. If not called, the cash settlement at maturity equals $10 plus $10 times the underlying basket return, which can result in a partial or total loss of principal. The estimated value at pricing is between $9.35 and $9.65 per $10 face amount; original issue price is 100.00% with a 2.00% underwriting discount.

GS Finance Corp. is offering S&P 500®-linked callable notes that may pay monthly contingent coupons through March 2027 and have a stated maturity expected to be March 14, 2030. Coupons (if any) are payable only if the S&P 500 closing level is >= 85% of the initial index level on every trading day during each monthly measurement period; the coupon, if payable, will be at least $5.167 per $1,000 face amount for a month (set on the trade date). The notes will be automatically called on the final coupon determination date if the 85% condition holds for every trading day of the measurement period (expected call observation date: March 10, 2027), in which case holders receive $1,000 plus the final coupon. If not called, the cash settlement at maturity equals $1,000 plus $1,000 times (index return + 15%); the estimated value at pricing is between $940 and $970 per $1,000 face amount.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 19, 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, pay a contingent monthly coupon of $9.167 per $1,000 when each underlier equals or exceeds a 70% coupon trigger, and are subject to an automatic call if all underliers are at or above their initial levels on a call observation date.

The maturity payout, if not called, is determined solely by the lesser performing underlier versus its initial level and is capped at 100% of face; if the lesser performing underlier is below its 60% trigger buffer level, investors may lose a substantial portion or all of invested principal.

GS Finance Corp. is offering buffered digital equity-linked notes linked to the common stock of Marvell Technology, Inc. (Bloomberg: "MRVL UW") and guaranteed by The Goldman Sachs Group, Inc. The trade date is March 6, 2026, with original issue date March 11, 2026, determination date March 19, 2027 and stated maturity March 24, 2027. For each $1,000 face amount the notes pay no interest and provide a capped maximum settlement amount of $1,230.80. The structure uses a 25% buffer (buffer level = 75% of the initial underlier level) and a buffer rate of approximately 133.33%, meaning losses below the buffer translate to approximately 1.3333% of face amount per 1% decline below the buffer. The initial underlier level is stated as $75.68. The notes are unsecured senior debt of GS Finance Corp., are subject to the credit risk of the issuer and guarantor, and do not confer any shareholder rights in the underlier.

GS Finance Corp is offering principal-at-risk structured notes linked to an equally weighted basket of five stocks: Cloudflare, CrowdStrike, Reddit, Vertiv and Western Digital. The notes have an expected trade date of March 9, 2026, an expected original issue date of March 12, 2026, an expected automatic call observation date of March 9, 2027 and an expected stated maturity of March 16, 2028.

The notes pay no interest, carry an upside participation rate of 175%, an initial basket level of 100, and an automatic call payment of $1,280 per $1,000 face amount if the basket closing level at the call observation date is at or above the initial level. At maturity holders receive: (i) if the final basket level is >= initial, $1,000 plus 175% of the positive basket return; (ii) if final level is below initial but >= 60% of initial, $1,000; or (iii) if final level is below 60%, a loss proportional to the basket return (potentially losing most or all principal). Estimated value on the trade date is between $925 and $955 per $1,000 face amount. Payments depend on issuer and guarantor credit; the notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers $ Buffered Russell 2000^® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000 with an initial underlier level of 2,585.573 (set March 5, 2026) and key dates of March 10, 2026 (trade date), March 13, 2026 (original issue date), determination on April 12, 2027 and stated maturity on April 15, 2027, each subject to adjustment.

Payments at maturity are cash per $1,000 face amount: full principal if final level ≥ the buffer level (90% of initial); a capped upside with a $1,255 maximum settlement amount; and downside exposure below the buffer (a loss proportional to the underlier decline beyond the 10% buffer). The notes pay no interest and are subject to issuer/guarantor credit risk, secondary market illiquidity and tax uncertainty.

GS Finance Corp. offers $1,000‑face autocallable, index‑linked notes due 2034, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index) and carry a 100% upside participation rate.

The notes may be automatically called on annual observation dates if the index meets rising call levels; call premiums increase each year. Trade date is March 13, 2026, original issue date March 18, 2026, and stated maturity is March 20, 2034. GS&Co. estimates the notes’ value on the trade date at $850 to $880 per $1,000 face amount, below the original issue price. The index applies a 0.65% per annum deduction and daily volatility and momentum controls that can allocate large weights to hypothetical cash positions. At maturity, if the final index level is equal to or below the initial level, holders receive the face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $ Callable Contingent Coupon Index-Linked Notes due 2029. The notes pay a contingent monthly coupon of $9.292 per $1,000 (0.9292% monthly, up to ~11.15% per annum) if each underlier is ≥ its coupon trigger (70% of initial). The underliers are the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. At maturity, cash repayment per $1,000 depends on the lesser performing underlier: if that underlier is ≥60% of its initial level the investor may receive full principal, but if it is below 60% repayment is reduced proportionally to the lesser performing underlier return. The issuer may redeem on coupon payment dates from September 2026 through February 2029. These notes are principal‑at‑risk; purchasers could lose their entire investment.

GS Finance Corp. is offering structured, auto-callable notes guaranteed by The Goldman Sachs Group, Inc. linked to ADS of Taiwan Semiconductor Manufacturing Co. (5-for-1 ADS), NVIDIA, Alphabet Class C and AMD, with expected stated maturity March 24, 2031 and observation dates beginning March 2027.

The notes pay a monthly coupon per $1,000 face amount of either $7.917 (maximum) if each index stock is >= 80% of its initial price on an observation date, or $0.209 (minimum) if any index stock is below that trigger; they are automatically called if each index stock >= its initial price on a call observation date. The estimated value at pricing is expected to be between $885 and $925 per $1,000. Payments are unsecured and subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering Buffered S&P 500® Index‑Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the S&P 500® Index with a 20% buffer (buffer level 80%) and a maximum settlement amount of $2,765 per $1,000 face amount. The trade date is March 17, 2026, original issue date March 20, 2026, determination date March 17, 2033, and stated maturity date March 22, 2033. The notes pay no interest; payoff at maturity depends on the underlier return subject to the buffer and cap. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2029, 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.

Key economics: participation of 200% upside subject to a $1,317.50 maximum settlement per $1,000 face, a 15% downside buffer (buffer level = 85%), and a buffer rate of 100%. Trade date is March 13, 2026, original issue date March 18, 2026, determination date March 13, 2029 and stated maturity March 16, 2029 (all subject to adjustment). Investors bear issuer/guarantor credit risk and may lose a substantial portion of principal if the final underlier level falls below the buffer.

GS Finance Corp. offers indexed callable notes guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $221,000 face amount (original issue price 100%), trades on March 4, 2026 with original issue date March 9, 2026, and matures on March 7, 2031. The notes link to the common stock of Broadcom (initial price $317.53), UnitedHealth (initial price $291.96) and Intel (initial price $45.58).

The notes pay monthly coupons only if, on each coupon observation date, every index stock closes at or above 50% of its initial price; coupons accrue at $11.459 per $1,000 per coupon observation (1.1459% monthly, ~13.75% annualized) subject to prior coupon payments. The notes are automatically called if, on any call observation date (commencing March 2027), every index stock closes at or above its initial price, in which case holders receive principal plus accrued coupon.

If not called, final payment depends on a trigger event measured on the determination date (expected March 4, 2031): if every final price is below its initial price and the lesser performing stock ends below 50% of its initial price, investors receive a reduced cash settlement tied to the worst-performing stock (potentially a large principal loss). The estimated value at pricing was approximately $964 per $1,000 face amount. The offering carries issuer and guarantor credit risk and limited anti-dilution protection. Underwriting discount is 1% (net proceeds 99%).