Goldman Sachs Group (GS) 424B Filings

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%).

GS Finance Corp. is offering index-linked, principal-at-risk notes due April 9, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is based solely on the performance of the lesser performing of three underliers: the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index.

Key terms: trade date March 6, 2026, original issue date March 11, 2026, determination date April 6, 2027, trigger buffer 70% of initial levels, maximum settlement $1,134.40 per $1,000 face amount (capped return), and no interest payments. If any final underlier level is below its trigger buffer, holders lose proportionally based on the lesser performing underlier return; investors could lose their entire investment. Terms are subject to adjustment per the general terms supplement.

GS Finance Corp. is offering digital S&P 500® Futures Excess Return Index‑linked notes due March 11, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The cash payoff per $1,000 face amount depends on the underlier’s performance from the trade date (March 6, 2026) to the determination date (March 6, 2031). If the final underlier level is at or above the initial level, holders receive the greater of the threshold settlement amount of $1,655 or $1,000 plus $1,000 times the underlier return. If the final level is below the initial level, holders lose 1% of face for each 1% decline and could lose the entire investment. The notes pay no interest, are cash‑settled, and are subject to issuer and guarantor credit risk, market valuation differences from futures exposure (including negative roll yields), limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering leveraged, buffered notes linked to the iShares® MSCI Emerging Markets ETF, guaranteed by The Goldman Sachs Group, Inc. The terms set a trade date of March 13, 2026, an original issue date of March 18, 2026, a determination date of March 15, 2027, and a stated maturity date of March 18, 2027.

The notes pay no interest and deliver a cash settlement per $1,000 face amount that depends on the underlier return: upside participation is 200% subject to a maximum settlement amount of $1,175; a 10% buffer protects principal only if losses do not exceed a 10% decline (buffer level = 90% of the initial underlier level); losses beyond the buffer reduce principal on a one‑for‑one basis. The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. offers callable contingent coupon equity-linked notes due September 17, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of ServiceNow, Inc. and pay contingent monthly coupons when the underlier closes at or above a 60% coupon trigger level (measured vs. the initial underlier level). The notes repay $1,000 per face amount at maturity if the final underlier level is greater than or equal to a 50% trigger buffer level; otherwise the cash payment equals $1,000 × underlier return, which could result in a total loss of principal. Trade date is March 12, 2026, original issue date March 17, 2026, and the company may redeem the notes on coupon payment dates commencing in September 2026 through August 2027.

The Goldman Sachs Group, Inc. offers callable fixed rate notes paying 4.30% per annum from and including the expected original issue date of March 17, 2026 to but excluding the expected stated maturity of March 17, 2030.

Interest is payable semiannually on March 17 and September 17, with the first payment expected on September 17, 2026. The notes are redeemable at the issuer’s option in whole (but not in part) on each scheduled redemption date on or after March 17, 2028, at a redemption price equal to 100% of principal plus accrued and unpaid interest, with at least five business days’ prior notice.

GS Finance Corp. offers index-linked notes due March 18, 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has $1,000 face amount and pays at maturity an amount tied to the lesser performing of the Nasdaq-100 Futures Excess Return™ Index and the S&P 500® Futures Excess Return Index measured from the trade date (expected March 13, 2026) to the determination date (expected March 13, 2030).

If both underliers finish at or above their initial levels, holders receive $1,000 plus 240% times the lesser performing index return; if the lesser performing underlier is below its initial level, the payoff equals $1,000 plus the lesser performing underlier return, which can result in losses of principal. The estimated value on the trade date is between $905 and $945 per $1,000 face amount.

GS Finance Corp. is offering buffered, auto-callable equity-linked notes tied to the Class A common stock of AppLovin Corporation (index stock) with an expected trade date of March 12, 2026 and an expected stated maturity of March 15, 2029.

The notes pay a monthly coupon of $13.334 per $1,000 face amount (1.3334% monthly) only if the index stock closing price on a coupon observation date is >= 50% of the initial index stock price. The notes feature a 50% buffer: if the final index stock price is >= 50% of the initial price you receive principal; if below 50%, you suffer losses proportional to the index stock decline beyond the buffer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering structured notes linked to the S&P 500 Index with an aggregate face amount of $16,731,000. Each $1,000 note pays no interest and at maturity provides a leveraged upside (an upside participation rate of 200%), capped at a maximum settlement amount of $1,222.60, a buffer that protects losses up to 10% of the initial underlier level, and a downside exposure that can result in a loss of principal if the final underlier level is below the 90% buffer level.

The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; purchasers are subject to issuer and guarantor credit risk and to model/secondary‑market pricing that may be lower than the original issue price. Trade date is March 4, 2026, original issue date March 9, 2026, and stated maturity is in March 2028.

GS Finance Corp. offers structured, autocallable notes with an aggregate face amount of $1,095,000 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $6.25 per $1,000 (0.625% monthly; up to 7.50% per annum) if each underlier is at or above 70% of its initial level on observation dates. The underliers are the Nasdaq-100, Russell 2000 and S&P 500. The notes may be automatically called on specified quarterly call dates if all underliers are at or above their initial levels; stated maturity is March 11, 2031. If not called, final cash settlement is based on the lesser performing underlier and can result in a total loss of principal; original issue price is 100% with a 4.3% underwriting discount.

GS Finance Corp. is offering $6,425,900 in Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons of $0.255 per $10 if both the Russell 2000® and the DJIA® meet a 70% coupon barrier. Commencing Sept 2026 the notes may be automatically called if each index meets or exceeds its initial index level; at maturity principal repayment is contingent on the lesser performing index relative to a 70% downside threshold, exposing investors to potential loss of principal and credit risk of GS Finance Corp. and Goldman Sachs.

GS Finance Corp. offers contingent income auto-callable securities guaranteed by The Goldman Sachs Group, Inc. The securities pay a contingent quarterly coupon and may be automatically called; payment and principal at maturity depend on the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100® indices. The downside threshold is 65.00% of each index's initial index value. Pricing is expected on or about March 13, 2026, original issue date expected March 18, 2026, and stated maturity is expected March 16, 2028. The estimated value range is $915 to $975; underwriting discount is 2.00%.

GS Finance Corp. is offering leveraged, callable Russell 2000® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an expected stated maturity date of March 24, 2031, $1,000 denominations and an upside participation rate of at least 125%.

The issuer may redeem the notes on quarterly call payment dates beginning March 24, 2027 through December 24, 2030 for specified call premium amounts (10%–47.5%). The issue price is 100% of face amount, underwriting discount is 2.5%, net proceeds to issuer 97.5%, and the estimated value at pricing is expected to be between $885 and $915 per $1,000 face amount.

GS Finance Corp. is offering structured, non‑interest bearing notes (aggregate face amount $930,000) guaranteed by The Goldman Sachs Group, Inc. The stated maturity is March 7, 2031 (determination date March 4, 2031). Payment at maturity depends on the S&P 500® Futures Excess Return Index underlier: if the final level is at or above the initial level you receive at least the threshold settlement amount $1,450 per $1,000 face; if the final level is down but within the trigger buffer 30% you receive the absolute underlier return as a positive payment; if the final level is below the trigger buffer you suffer a loss equal to the underlier decline (you could lose your entire investment). The notes do not bear interest and are subject to issuer/guarantor credit risk and futures‑linkage risks including negative roll yields.

GS Finance Corp. offers $6,424,000 of callable, index‑linked notes guaranteed by The Goldman Sachs Group, Inc., as described in Pricing Supplement No. 22,617 dated March 4, 2026. Each $1,000 face amount pays at maturity either $1,000 (if the final index level is equal to or below the initial level) or $1,000 + $1,000 × 100% × index return (if the final index level is higher), subject to an automatic call feature on annual call observation dates starting March 4, 2027. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index), which applies a 0.65% p.a. deduction and volatility/momentum controls that can allocate substantial weight to hypothetical cash positions. Estimated trade‑date value was $903 per $1,000 face amount with an additional amount of $53.25 declining to zero by June 3, 2026. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The GS Finance Corp. pricing supplement offers structured, cash-settled notes linked to the S&P 500® Index, with an aggregate face amount of $4,475,000. The notes do not bear interest and are fully guaranteed by The Goldman Sachs Group, Inc.

The notes feature an upside participation rate of 205%, a buffer level of 90% (buffer amount 10%), and an initial underlier level of 6,816.63 (closing level on March 3, 2026). If the notes are automatically called (call observation date March 16, 2027), holders receive $1,100 per $1,000 face amount on the call payment date. If not called, maturity payment on the stated maturity date (March 8, 2028) is cash-settled based on the final underlier level and the disclosed buffer and buffer rate.

GS Finance Corp. / The Goldman Sachs Group, Inc. offers an Auto-Callable Trigger PLUS note linked to the Invesco S&P 500® Equal Weight ETF with expected pricing on March 13, 2026 and an original issue date of March 18, 2026.

The securities pay at least $1,100 per $1,000 if the ETF closes at or above the initial ETF price on the call observation date and mature on March 16, 2029 if not called. At maturity investors receive either principal plus a 125.00% leveraged upside on positive ETF performance, principal only if the final ETF price is ≥ 80.00% of the initial price, or a downside payment pro rata to ETF performance (potentially zero). The pricing supplement shows an estimated value range of $905 to $965 per security and an underwriting discount of 2.75%.

GS Finance Corp. offers $1,654,000 aggregate face amount of buffered S&P 500® Index-linked notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference an initial index level of 6,816.63 (set March 3, 2026) and pay at maturity based on the S&P 500 performance to the determination date of March 5, 2029. Positive index returns are multiplied by a 76.4% participation rate. A 30% buffer protects against declines up to 30%; declines beyond 30% produce losses (cash payoff formula reduces principal as described). The estimated value on the trade date is approximately $992 per $1,000. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-protected, non‑interest bearing notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, expected trade date March 19, 2026 and stated maturity March 25, 2033.

If the index closing level on any semi‑annual call observation date beginning March 2027 is >= 102% of the initial index level the notes will be automatically called and pay a fixed call amount; if not called the maturity payment per $1,000 face will be either $1,927.50 if the final index level >= 102% of the initial index level or $1,000 if below. The pricing supplement states an estimated value of the notes on the trade date between $850 and $880 per $1,000 face amount and highlights issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering callable, non‑interest bearing notes due March 9, 2038 with an initial aggregate principal amount of $10,000,000 (the issuer may increase this amount at its option). The notes pay no periodic interest; at maturity each $1,000 principal amount will pay $1,000 plus a maturity date premium amount of 88.8% (yield to maturity 5.43%).

The issuer may redeem the notes in whole on scheduled call payment dates for cash equal to $1,000 plus the applicable call premium (call premiums range from 3.7% to 85.1% on listed dates). Original issue price is 100%, underwriting discount 1.2%, net proceeds to issuer 98.8%. Payments are unsecured and subject to issuer credit risk.

GS Finance Corp. offers capped, buffer-style notes linked to the S&P 500® Index. The pricing supplement covers an aggregate face amount of $3,985,000. The notes pay no interest and mature on March 22, 2027 (determination date March 17, 2027), with the initial underlier level set at 6,816.63 on March 3, 2026. If the final underlier level is ≥ the trigger buffer level (80% of initial), holders receive a capped $1,086.90 per $1,000 face amount. If the final underlier level is below the trigger buffer level, investors lose 1% of face amount for each 1% decline below the initial level and may lose their entire investment. Terms are subject to adjustment as described in the general terms supplement.

GS Finance Corp. offers leveraged buffered basket-linked notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The aggregate original face amount is $5,900,000 and the stated maturity is March 8, 2028. The notes pay no interest and return at maturity depends on a weighted basket of five indices measured from the trade date to the determination date. Investors participate at an upside participation rate of 200% up to a cap level of 114.66%, subject to a maximum settlement amount of $1,293.2 per $1,000 face amount. A downside buffer protects losses up to 10%; declines beyond 10% result in losses at a buffer rate of approximately 111.11%, which can result in total loss of principal. The estimated value at pricing was approximately $974 per $1,000 face amount and the original issue price is 100% of face amount.

GS Finance Corp. offers $27,077,530 aggregate face amount of Trigger Autocallable Contingent Yield Notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc.

The notes are linked to the least performing of the Russell 2000® and the Dow Jones Industrial Average®, pay a quarterly contingent coupon of $0.205 per $10 face amount (up to 8.20% per annum) if both indices meet a 70% coupon barrier on observation dates, and feature an automatic call beginning on September 9, 2026. The coupon barrier and downside threshold equal 70% of each index's initial level. The estimated value at pricing was approximately $9.80 per $10 face amount; original issue price is 100% with a 2.00% underwriting discount. Investing involves significant market and credit risk, including possible loss of principal.

GS Finance Corp. offers medium-term, equity-linked notes tied to Alphabet Inc. Class A (GOOGL) that pay no interest and return at maturity is based on the underlier's performance from the trade date March 4, 2026 to the determination date April 5, 2027, with a stated maturity of April 7, 2027. The notes carry a 200% upside participation rate subject to a $1,421.60 maximum settlement amount per $1,000 face; the initial underlier level is $303.13. If the final underlier level is at or below the initial level, holders lose in direct proportion to the underlier decline and may lose their entire investment. Aggregate face amount shown is $1,900,000; original issue price is 100% with underwriting discount 0.83% and net proceeds 99.17%. The notes are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; payment depends on issuer/guarantor creditworthiness and usual market/liquidity factors.

GS Finance Corp. is offering contingent quarterly-coupon, autocallable notes (aggregate face amount $500,000) tied to the common stock of Micron Technology, Inc.. The notes pay a coupon only when the underlier equals or exceeds 80% of the initial level and will be automatically called if the underlier meets or exceeds the initial level on any call observation date. The initial underlier level is $379.68 (closing level on March 3, 2026), the determination date is March 17, 2027, and stated maturity is March 22, 2027. If not called, the cash settlement at maturity depends on final underlier performance, with a 20% buffer and a buffer rate of 125%, and investors may lose their entire investment.

GS Finance Corp. priced $10,232,000 of Buffered Nasdaq-100 Index®-Linked Notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and settle in cash based on the Nasdaq-100 performance measured from the initial level of 24,720.08 set on March 3, 2026 to the determination date on or about March 5, 2029. The participation rate for positive returns is 84.6%. A 15% buffer protects against declines up to 15%; declines beyond that produce proportionate principal losses. Original issue price was 100%, underwriting discount 0.85%, net proceeds 99.15%.

GS Finance Corp. is offering S&P 500®-linked, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount and pay no interest. Payment at maturity depends on the S&P 500 performance from March 3, 2026 to the determination date. If the final level is ≥ the buffer level (85%) you receive a capped maximum settlement of $1,080 per $1,000 face. If below 85%, losses apply at approximately 1.1765% of face per 1% decline below the buffer (buffer rate ≈ 117.65%), and you could lose your entire investment. Trade date is March 4, 2026, original issue date March 9, 2026, determination date March 17, 2027, and stated maturity date March 22, 2027. Original issue price is 100% of face; underwriting discount 1%; net proceeds 99% of face.

GS Finance Corp. is offering conditional, non-interest-bearing notes linked to the S&P 500® Index. For each $1,000 face amount, if the final underlier level on the April 5, 2027 determination date is ≥ the trigger buffer (80% of the initial level set on March 3, 2026), investors receive a capped maximum settlement amount of $1,092.50. If the final level is below the trigger buffer, holders lose 1% of face for every 1% decline below the initial underlier level and could lose their entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc. The offering totals $10,000,000; original issue price is 100% of face and underwriting discount is 1.042%.

GS Finance Corp. offers callable, contingent-coupon equity-linked notes tied to ServiceNow, Inc. Each note has a $1,000 face amount and pays monthly contingent coupons only when the underlier meets a 60% coupon trigger; a 50% trigger buffer determines principal loss at maturity. The issuer may redeem notes on coupon payment dates beginning September 2026. If not redeemed, maturity is September 17, 2027, and the cash settlement equals $1,000 or $1,000 plus the underlier return depending on the final underlier level; investors could lose their entire investment if the final underlier level is below the trigger buffer. Pricing and underwriting terms will be set on the trade date.

GS Finance Corp. offers principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Apple Inc. Each $1,000 note pays no interest and returns at maturity either $1,000 plus a participation amount if the final underlier level exceeds the initial level, or $1,000 plus the underlier return if it falls. The notes provide an upside participation rate of 200% but cap the cash settlement at a $1,277 maximum per $1,000 face amount. Trade date was March 4, 2026, original issue date March 9, 2026, determination date April 5, 2027 and stated maturity April 7, 2027. If the underlier declines, holders lose proportionally and may lose their entire investment. The original issue price equals face amount; underwriting discount is 0.83%.

GS Finance Corp. is offering indexed, non‑interest bearing notes due March 7, 2031 linked to an unequally weighted basket: 65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, and 10% MSCI Emerging Markets. The initial basket level is 100; the upside participation rate is 185%. If the final basket level is >100, holders receive $1,000 plus $1,000×185%×basket return. If the final basket level declines up to 20%, holders receive the face amount; declines greater than 20% produce a pro rata loss, potentially up to the full principal. Estimated value on the trade date is approximately $970 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.6%.