Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. offers leveraged buffered S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return cash at maturity per the S&P 500® performance from the trade date (March 19, 2026) to the determination date (March 20, 2028), with an upside participation rate of 125% and a maximum settlement amount of at least $1,206 per $1,000 face amount.

Downside protection is limited by a buffer level of 85%: if the final underlier is at or above the buffer level you receive the face amount; if it is below the buffer you incur losses proportional to the decline beyond the 15% buffer. Trade date is March 19, 2026, original issue date March 24, 2026, and stated maturity March 23, 2028.

GS Finance Corp. is offering auto-callable, monthly‑coupon notes guaranteed by The Goldman Sachs Group, Inc. linked to the Class C capital stock of Alphabet and the common stocks of Tesla, NVIDIA and AMD. The notes are expected to mature on March 31, 2031 and may be automatically called on observation dates commencing in March 2027 through February 2031

Coupons: for each $1,000 face amount, the maximum monthly coupon is $7.50 (0.75% monthly, up to 9% per annum) if all index stocks close at or above 75% of initial prices; the minimum monthly coupon is $0.209 (≈0.0209% monthly, ≈0.25% per annum) if any index stock closes below 75% on an observation date. Notes will be automatically redeemed if all index stocks close at or above 90% of their initial prices on a call observation date.

The trade date is expected to be March 24, 2026 and the original issue date expected to be March 27, 2026. The estimated value on the trade date is stated as between $885 and $935 per $1,000 face amount. Payments and final redemption are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.

GS Finance Corp is offering non-interest bearing, principal‑at‑risk callable notes linked to the common stock of NVIDIA Corporation. The notes have an initial index stock price of $183.34, an upside participation rate of 150%, an expected automatic call if NVDA closes at or above the initial price on the call observation date (expected March 18, 2027) payable at $1,276.50 per $1,000 face amount, and a stated maturity expected on March 9, 2028.

If not called, maturity payment depends on the index stock return from March 5, 2026 to the determination date (expected March 6, 2028): positive returns pay 1.5x the stock return; declines up to 30% produce a positive payment equal to the absolute decline; declines beyond 30% produce a negative return (you can lose the entire investment). The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc. The estimated value at pricing is stated between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering Buffer Autocallable GEARS linked to the Russell 2000® Index, with a guarantee from The Goldman Sachs Group, Inc. Key economic terms set on the trade date: upside gearing 1.655, autocall barrier 100.00 of the initial index level, downside threshold 90.00, buffer 10.00, and call return 13.00. Trade date is March 6, 2026, original issue date March 10, 2026, call observation date March 15, 2027, and stated maturity date March 9, 2029. The estimated model value on the trade date is between $9.50 and $9.80 per $10 face amount; original issue price is 100.00 of face with an underwriting discount of 1.50. Investors face market exposure to the Russell 2000 (subject to a 10.00 buffer at maturity) and credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced equity-linked notes tied to the S&P 500® Index that mature March 22, 2027. Each $1,000 face amount pays no interest and returns either a capped maximum settlement amount of $1,095 if the final underlier level is ≥ 90% of the initial level, or a reduced cash payment if the final underlier level is below 90%.

The notes use an initial underlier level of 6,816.63 (set March 3, 2026), a 10% buffer amount and a buffer rate of approximately 111.11%, which implies a loss of ~1.1111% of face amount for every 1% the final level declines below the buffer level. The notes are senior unsecured obligations of GS Finance Corp., unlisted, fully guaranteed by The Goldman Sachs Group, Inc., and may result in loss of principal.

GS Finance Corp. offers callable index-linked notes due and guaranteed by The Goldman Sachs Group, Inc. linked to the lesser performing of the Russell 2000® and S&P 500® indices with expected stated maturity March 11, 2031.

The notes have an upside participation rate of 100%, initial underlier levels set on March 5, 2026, a determination date expected February 25, 2031, and monthly call payment dates beginning March 11, 2027 through February 11, 2031 with specified call premium amounts. The estimated model value at pricing is between $855 and $925 per $1,000 face amount.

GS Finance Corp. priced buffered, capped S&P 500® linked notes (offered notes) that pay no interest and return at maturity depends on the S&P 500 performance from March 3, 2026 to April 5, 2027. For each $1,000 face amount, investors receive a capped $1,100 maximum if the final underlier level is ≥ the 90% buffer level. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face per 1% decline below the buffer and could lose their entire investment. Original issue price equals 100% of face amount; underwriting discount is 1.042%, leaving net proceeds of 98.958%. Notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.; market value and liquidity are uncertain and secondary sales may incur discounts.

GS Finance Corp. offers two-year, non‑interest notes linked to Take‑Two Interactive common stock. Each $1,000 face amount pays at maturity based on the change from an $215.77 initial price (trade date March 4, 2026) to the final closing price on the determination date (March 6, 2028), subject to anti‑dilution adjustments and a $1,427.5 maximum per $1,000.

Upside: 150% participation to the cap (cap = 128.5% of initial price). Downside: a 20% buffer; losses occur if the final price declines by more than 20%. Estimated value at issuance was approximately $983 per $1,000 face amount.

GS Finance Corp. is offering auto-call, market-linked medium-term notes with a $1,000 face amount per security that are guaranteed by The Goldman Sachs Group, Inc.. The securities are linked to the lowest performing common stock of NVIDIA, AMD and Tesla and have an expected pricing date of March 18, 2026 and an original issue date of March 23, 2026.

Key economic terms include a call premium of 50.00% ($500), an upside participation rate of at least 438.00% (to be set on the pricing date), a call date of March 23, 2027, and stated maturity of March 22, 2029. If not called, the maturity payment depends solely on the performance of the lowest performing underlying stock, with downside exposure below a threshold price equal to 60% of starting price (a 40% threshold amount). The estimated value at pricing is between $890 and $920 per $1,000 face amount, while the original offering price is $1,000. All payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, non‑interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes have an expected trade date of March 17, 2026, expected original issue date of March 20, 2026, an expected call observation date of March 17, 2027 with a capped automatic-call payment of $1,340 per $1,000 face amount, and an expected stated maturity date of March 22, 2029. If not called, payoff at maturity depends on the final index stock price versus an initial index stock price set on the trade date: positive or zero index returns pay 125% participation; declines up to 40% pay the absolute decline as a positive return; declines greater than 40% produce negative returns and may result in loss of principal. The estimated value on the trade date is $925–$955 per $1,000 face amount. Payments are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to Palantir Technologies Inc. (Class A) stock. The notes have an expected trade date of March 17, 2026, an original issue date of March 20, 2026, an expected call observation date of March 17, 2027 and an expected stated maturity date of March 22, 2029.

If the closing price of the index stock on the call observation date is greater than or equal to the initial index stock price, the notes will be automatically redeemed and pay $1,390 per $1,000 face amount on the call payment date. If not called, the maturity payment depends on the index stock return: an upside participation rate of 125% applies to positive returns; declines up to 40% produce a positive payout equal to the absolute stock decline; declines greater than 40% produce a negative payoff and could result in a loss of principal.

The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. (issuer) and The Goldman Sachs Group, Inc. (guarantor). The calculation agent is Goldman Sachs & Co. LLC and has broad discretion over price determinations and anti‑dilution adjustments.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 10, 2034 that pay interest at 5.00% per annum from the expected original issue date of March 10, 2026. Interest is expected annually on each March 10 beginning March 10, 2027.

The notes are redeemable at the issuer’s option in whole (not in part) on scheduled quarterly redemption dates beginning on or after March 10, 2028, at a redemption price equal to 100% of principal plus accrued interest. Delivery against payment is expected in New York on March 10, 2026.

GS Finance Corp. offers market-linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The securities are sold at $1,000 per security with underwriting discounts up to $25.75 and proceeds to issuer of $974.25 per security. The estimated model value at pricing is between $890 and $920 per $1,000 face amount.

The notes are auto-callable monthly from March 2027 to February 2029 if the lowest performing underlier closes at or above its starting value; monthly contingent coupons of at least $12.334 per $1,000 (approx. 14.80% per annum) pay only when the lowest performing underlier is ≥70% of its starting value. If not called, principal at maturity depends on the lowest performing underlier and can lose more than 40%, possibly all, if that underlier is below 60% of its starting value.

All payments are subject to issuer and guarantor credit risk; secondary market activity and estimated value may differ from the offering price.

GS Finance Corp. offers $1,000 face‑amount structured notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes pay no interest and mature on March 18, 2027 with payoff determined by the index performance from the trade date to the determination date.

Key terms: upside participation 200%, maximum settlement amount $1,120.50 per $1,000 face, a buffer of 10% (buffer level = 90% of initial level). Trade date is March 13, 2026; determination date is March 15, 2027. Investors bear issuer/guarantor credit risk and may lose a substantial portion of principal if the index falls below the buffer.

GS Finance Corp. offers buffered notes linked to the Invesco S&P 500® Equal Weight ETF, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $1,000 each) do not pay interest and mature expected April 15, 2027. The initial underlier level is $200.54 (set March 5, 2026); the determination date is expected April 12, 2027. Investors receive at maturity either (a) up to a capped positive payoff of $1,185 per $1,000 if the ETF is above a cap level (118.50% of initial), (b) the face amount if the ETF declines up to -10%, or (c) a downside payment that reduces principal if the ETF declines more than -10%. The estimated value at pricing is between $925 and $955 per $1,000 face amount and payments are subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a contingent income auto-callable note linked to the Class A common stock of Palantir Technologies Inc. The securities are principal‑at‑risk, expected to price on or about March 13, 2026 with an original issue date of March 18, 2026, and a stated maturity date of March 16, 2029.

The notes pay contingent quarterly coupons only when the underlying stock's closing price on each coupon observation date is at or above a downside threshold equal to 50.00% of the initial share price; the contingent coupon formula references at least $44.50 (set on the pricing date). The notes are automatically called if the closing price on any call observation date is at or above the initial share price, in which case holders receive principal plus the contingent coupon then due. If the final share price is below the downside threshold, holders lose on a 1:1 basis versus share decline; payment at maturity could be significantly below principal or zero. The pricing supplement shows an estimated value range of $910 to $970 per security and an underwriting discount of 2.25%.

GS Finance Corp. issues callable structured notes linked to a leveraged S&P 500 futures-based index. The notes (trade date expected March 12, 2026, stated maturity expected March 17, 2032) pay no interest, are subject to issuer and guarantor credit risk, and include an automatic call feature with quarterly call observation dates beginning in March 2027.

If called, each $1,000 face amount pays $1,000 plus a specified call premium; if not called, maturity payments are tied to the underlier return with a cap of $2,764 per $1,000 and a 50% trigger buffer. The underlier applies up to 500% leverage and a daily 6.0% per annum decrement; the estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered basket-linked notes that do not bear interest and mature on March 24, 2028. Payment is tied to a weighted basket (EURO STOXX 50 65%, TOPIX 25%, S&P/ASX 200 10%) measured from the trade date (expected March 19, 2026) to the determination date (expected March 21, 2028).

The notes feature a 100 initial basket level, a 10% buffer (you receive full principal if final basket level declines up to 10%), an upside participation rate of 125%, a cap level of at least 140% and a maximum settlement amount of at least $1,500 per $1,000 face amount. Estimated value at pricing is between $925 and $955 per $1,000 face amount. Original issue price is 100% with a 1.75% underwriting discount.

GS Finance Corp. is offering Leveraged S&P 500® Futures Excess Return Index‑Linked Notes due March 18, 2031, fully guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 note pays at maturity based on the S&P 500 Futures Excess Return Index performance from the trade date (March 13, 2026) to the determination date. The notes feature an upside participation rate of 185% and a trigger buffer level of 60% (a 40% trigger buffer amount). If the final underlier level is above the initial level, you receive $1,000 plus the upside participation times the underlier return. If the final level is between the trigger buffer level and the initial level, you receive the face amount. If the final level is below the trigger buffer level, you lose an amount equal to the underlier return times $1,000 and could lose your entire investment. The notes do not bear interest and are subject to issuer and guarantor credit risk, market‑value risk, roll/contango effects of futures, and tax uncertainty.

GS Finance Corp. offers callable 10-Year CMT Rate‑Linked Range Accrual Notes due March 6, 2032 in an initial aggregate face amount of $1,499,000. The notes pay monthly interest on the 6th of each month beginning April 6, 2026, based on the fraction of scheduled U.S. government securities business days in the interest period when the 10‑year CMT rate is ≤ 4.70% multiplied by an interest factor of 7.30%. The issuer may redeem the notes at par on any monthly interest payment date on or after March 6, 2027. The original issue price is 100% of face ($1,000 per note), the estimated value at pricing is approximately $960 per $1,000 face amount, and the underwriting discount is 1.845%.

The Goldman Sachs Group, Inc. is offering $12,377,000 principal amount of Callable Fixed Rate Notes due March 6, 2046 under its Medium-Term Notes, Series N program. The notes pay interest at 5.75% per annum from the original issue date (March 6, 2026) and are callable in whole on specified quarterly redemption dates beginning March 6, 2028, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and were initially priced at 100% of principal with underwriting discounts totaling $128,473.26.

GS Finance Corp. is offering leveraged, buffered Russell 2000® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is tied to the Russell 2000 performance from the March 10, 2026 trade date to the March 10, 2028 determination date with maturity on March 15, 2028. Key terms: 200% upside participation, a $1,300 per $1,000 maximum settlement, a 10% buffer protecting losses up to a 90% buffer level, and full principal exposure below the buffer. The notes are cash-settled and subject to issuer and guarantor credit risk and model-based pricing.

The Goldman Sachs Group, Inc. offers $9,000,000 of Callable Fixed Rate Notes due September 6, 2033 with a fixed interest rate of 5.00% per annum from the original issue date of March 6, 2026.

Interest is payable annually on March 6 (first payment March 6, 2027). The issuer may redeem the notes in whole, with at least five business days' prior notice, on each March 6, June 6, September 6 and December 6 on or after March 6, 2027, at 100% of principal plus accrued interest.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers structured notes maturing March 18, 2031 (expected). The notes pay no interest and are subject to an automatic call feature beginning on March 11, 2027 if all three underliers close at or above their initial levels, producing a redemption equal to $1,000 plus the applicable call premium.

If not called, the maturity payout is linked to the lesser performing underlier: investors receive $1,725.04 per $1,000 if all underliers finish at or above initial levels, $1,000 if all are ≥70% of initial but at least one is below initial, or $1,000 plus the lesser performing underlier return × $1,000 if any underlier is below 70% (potential loss of principal). The pricing supplement states an estimated value of $885–$925 per $1,000 face amount when terms are set.

GS Finance Corp. offers principal-protected but capped, non‑interest notes linked to an equally weighted basket of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF, with expected trade date March 10, 2026 and stated maturity expected March 15, 2028. For each $1,000 face amount, the cash settlement at maturity depends on the basket return: you receive the face amount if the basket declines by no more than 20%, up to a capped payment of $1,405 if the basket return exceeds the cap (140.5%), and a reduced principal payment if the basket declines by more than 20%. The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have an estimated initial value of $925–$955 per $1,000 face amount, and the calculation agent (GS&Co.) has broad discretion over index/fund adjustments and certain determination‑date outcomes.

The Goldman Sachs Group, Inc. is offering $17,096,000 of Callable Fixed Rate Notes due March 6, 2031. The notes pay interest at 4.45% per annum from the original issue date March 6, 2026, payable each March 6 and September 6, beginning September 6, 2026. The issuer may redeem the notes in whole, not in part, on each March 6, June 6, September 6 and December 6 on or after March 6, 2029, at 100% of principal plus accrued interest with at least five business days’ notice. The offering will settle on March 6, 2026, and initial price to public equals 100% of principal; underwriting discount is 0.642%.

The Goldman Sachs Group, Inc. is offering $30,000,000 aggregate principal amount of floating rate notes due March 6, 2031. The notes pay interest quarterly beginning June 6, 2026 at compounded SOFR plus a 1.28% spread, subject to a 0.00% minimum and 6.00% maximum interest rate.

The notes have $1,000 denominations, settle on March 6, 2026, are unsecured obligations of the issuer, will not be listed, and are not FDIC insured. Goldman Sachs & Co. LLC is calculation agent and initial purchaser; the prospectus supplement discusses SOFR discontinuance, tax treatment as variable rate debt, hedging and issuer credit risk.

GS Finance Corp. offers buffered, non-interest-bearing notes linked to the iShares® Expanded Tech-Software Sector ETF (ticker IGV), guaranteed by The Goldman Sachs Group, Inc. On maturity (determination date ~13–15 months after trade date), each $1,000 face amount will pay either a capped positive amount (threshold/maximum settlement amount expected between $1,138.6 and $1,162.6) if the final ETF level is ≥85% of the initial level, or a reduced cash amount calculated using a buffer mechanism (buffer rate ≈117.65%) if the final level is <85%.

The notes carry issuer/guarantor credit risk, do not pay interest or dividends, have an estimated initial value below par (≈$955–$985 per $1,000 face), may lack liquidity, and could result in total loss of principal.

GS Finance Corp. offers autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes reference the GSMBFC5 Index, have an upside participation rate of 100%, and include annual automatic call mechanics with rising call levels and call premiums from March 2027 through March 2032. The trade date is March 13, 2026 and the original issue date is March 18, 2026. GS&Co. estimates the notes' value on the trade date at $885 to $925 per $1,000 face amount. If not called, the cash settlement at maturity pays $1,000 plus upside participation if the final index level exceeds the initial index level; if the final index level is equal to or below the initial level, the cash settlement will equal the face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers Contingent Income Auto-Callable Securities linked to the Class A common stock of Alphabet Inc., priced March 2026 and expected to issue March 18, 2026. These principal-at-risk notes pay contingent quarterly coupons only if observation-date closes meet a 60.00% downside threshold and may be automatically called if the stock closes at or above the initial share price on any call observation date. At maturity, payments depend on the final share price: full principal plus final coupon if at or above the downside threshold, or principal multiplied by the share performance factor (which may be substantially less) if below the threshold.

GS Finance Corp. offers structured, non‑interest notes linked to the lesser performing of the S&P 500® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF. The trade date is expected to be March 11, 2026 and the stated maturity date is expected to be April 15, 2027.

Each $1,000 face amount pays a capped maximum settlement of $1,080 if every underlier finishes at or above 60% of its initial level; otherwise the cash settlement equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a loss of principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers $1,000-face autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® and EURO STOXX 50®, do not pay interest, and may be automatically called on quarterly observation dates beginning March 11, 2027.

Payment at maturity depends on the lesser performing underlier measured on the determination date March 11, 2031. A trigger buffer is set at 70%; if the final level of any underlier is below that buffer the investor bears losses equal to the lesser performing underlier return and could lose the entire investment. Original issue price is 100% of face amount with an underwriting discount of 3%.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due March 18, 2031, fully guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and an upside participation rate of 121%. On the stated maturity date the cash payment per $1,000 will be: (a) $1,000 + ($1,000 × 121% × underlier return) if the final underlier level is greater than the initial underlier level, or (b) $1,000 if the final underlier level is equal to or less than the initial level. The underlier is the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures performance), not the S&P 500® Index, and the notes pay no interest. The trade date is March 13, 2026 and the determination date is March 13, 2031. Investors bear issuer/guarantor credit risk, exposure to futures‑linked features (including negative roll yields and implicit financing costs), limited secondary market liquidity, and specific U.S. federal tax treatment for contingent payment debt instruments.

GS Finance Corp. is offering callable, buffered notes linked to the S&P 500® Futures Excess Return Index, expected to mature on March 18, 2031 with a trade date expected on March 13, 2026. The notes pay no interest and reference E-mini S&P 500 futures rather than the cash S&P 500® Index.

The notes feature a 20% buffer (buffer level = 80% of the initial level) and an upside participation rate of 185.2%. GS Finance Corp. may redeem on scheduled call payment dates beginning in March 2027 at specified call premiums. Estimated value at issuance is between $885 and $925 per $1,000 face amount; purchase exposes holders to issuer and guarantor credit risk.

GS Finance Corp. offers Leveraged Buffered S&P 500® Index‑Linked Notes due 2028 guaranteed by The Goldman Sachs Group, Inc.

The notes reference the S&P 500 (Bloomberg: SPX Index) with an upside participation rate of 200%, a buffer level of 85% (buffer amount 15%) and a maximum settlement amount of at least $1,210 per $1,000 face amount. Trade date is March 16, 2026, original issue date March 19, 2026, determination date March 10, 2028, and stated maturity date March 15, 2028. The notes pay no interest and settlement is in cash. If the final underlier level is below the buffer level, investors lose principal on a pro rata basis; if the final underlier level is above the initial level, returns are subject to the stated upside participation and the maximum settlement cap.

GS Finance Corp. offers structured, callable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stocks of Advanced Micro Devices, UnitedHealth, Tesla, and NVIDIA and mature on April 2, 2031 unless automatically called on observation dates beginning in March 2027. Coupons are monthly per $1,000 face amount: a $9.167 maximum (at least 0.9167% monthly) or a $0.209 minimum ( 0.0209% monthly), determined by each coupon observation date versus a 77.5% trigger of the initial index stock prices. Trade date is expected to be March 26, 2026 and original issue date expected March 31, 2026. The estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering structured, principal‑at‑risk notes maturing on or about March 22, 2029 linked to the performance of Alphabet (Class A), NVIDIA, Broadcom and Meta (Class A) shares. Coupons may pay on scheduled quarterly payment dates if each index stock meets a 70% trigger on monthly observation dates; the coupon accrues at $20.209 per $1,000 (2.0209% monthly, ~24.25% per annum potential) subject to prior payments. The issuer may redeem notes on coupon payment dates from March 2027 through December 2028 at 100% plus accrued coupon. At maturity, if the lesser performing stock is below 70% of its initial price, principal is reduced proportionally to that stock’s return. Estimated value at trade date is stated as $925–$955 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers non‑interest notes linked to the iShares Bitcoin Trust ETF (IBIT). The notes have an automatic call feature expected on March 31, 2027 that would pay $1,160 per $1,000 face amount if the IBIT closing level is at or above the initial level. If not called, at the expected April 5, 2029 maturity the payoff is: participation of 150% on any positive ETF return, return of face amount if the final level declines up to 20%, and a loss beyond that equal to the ETF return plus the 20% buffer amount. The estimated value at pricing is $925–$965 per $1,000 face amount, and payments remain subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due March 25, 2030, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity based on the S&P 500 Futures Excess Return Index performance from the trade date to the determination date. The notes feature an upside participation rate of 171.5%, a trigger buffer of 40% (trigger buffer level 60% of initial), trade date March 20, 2026, original issue date March 25, 2026, and determination date March 20, 2030. If the final underlier level is below the trigger buffer level, investors lose an amount equal to the underlier return times $1,000 and could lose their entire investment.

GS Finance Corp. intends to offer floating rate notes guaranteed by The Goldman Sachs Group, Inc. The notes accrue interest at compounded SOFR plus 1.20% per annum, subject to a minimum interest rate of 0.50%, with quarterly payments expected March 11, June 11, September 11 and December 11 beginning June 11, 2026. The notes are expected to have an original issue date of March 11, 2026 and a stated maturity date of March 11, 2033. Denominations are $1,000. The notes are unsecured, not FDIC insured, will not be listed, have no redemption right, and the calculation agent (Goldman Sachs & Co. LLC) will determine compounded SOFR and may exercise discretion in benchmark replacement determinations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected notes maturing expected March 27, 2031 linked to four stocks: AMD, Micron, UnitedHealth and Tesla. The notes pay a monthly coupon that is either a $6.417 maximum formula (0.6417% monthly; ~7.7% annually potential) or a $0.209 minimum (0.0209% monthly; ~0.25% annually) depending on whether each stock meets an 80% trigger on observation dates. Notes may be automatically called on observation dates beginning in March 2027 if each stock closes at or above its initial price. Estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable index-linked notes due 2030. The notes reference the Nasdaq-100 and the S&P 500, carry no interest, and feature a 200% upside participation rate and a 10% buffer (buffer level: 90% of initial levels). If on the call observation date (March 19, 2027) each underlier is at or above its initial level the notes will be automatically called and pay $1,120.50 per $1,000 face amount. If not called, maturity is on March 22, 2030 with payoff tied to the lesser performing underlier; losses can be substantial if that underlier falls below the buffer level. The notes are cash-settled, issued at par, and the calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. is offering Buffered Digital Nasdaq-100 Index®-Linked Notes due, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes have a buffer level equal to 90% of the initial underlier level and a buffer rate of approximately 111.11%. If the final underlier level at the determination date is greater than or equal to the buffer level, holders receive a capped maximum settlement amount (expected between $1,104.90 and $1,123 per $1,000 face amount). If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face amount for every 1% decline below the buffer level and could lose their entire investment. The notes pay no interest; maturity and determination dates are expected about 13–15 months after the trade date and are subject to adjustment.

GS Finance Corp. is offering buffered, non‑interest bearing notes linked to the Invesco QQQ, Series 1 ETF with an expected trade date of March 18, 2026 and a stated maturity expected to be September 23, 2027.

The notes return is measured from an initial ETF level (set on the trade date) to the final ETF level (determination date expected September 20, 2027). Key economics: a 15% buffer (buffer level = 85% of initial), a cap at 113.5% (maximum cash settlement $1,135 per $1,000 face amount), and 100% upside participation up to the cap. If the final ETF level falls below the buffer, losses equal the ETF return plus 15%. The estimated value at term‑setting is between $925 and $955 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering underlier-linked notes due September 10, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the EURO STOXX 50 Index, the iShares MSCI Emerging Markets ETF (EEM) and the iShares MSCI EAFE ETF (EFA).

The notes pay no interest and settle in cash on the stated maturity date based solely on the lesser performing underlier. Key terms set on the trade date include an upside participation rate of 210.5%, a trigger buffer level of 70%, a trade date of March 6, 2026, an original issue date of March 11, 2026 and a determination date of September 7, 2027. If any underlier closes below 70% of its initial level, holders can suffer a loss equal to the lesser performing underlier return, potentially losing their entire investment.

GS Finance Corp. offers autocallable contingent-coupon index-linked notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of 0.8334% per month (up to ~10.00% per annum) if each underlier meets a coupon trigger of 70% of its initial level.

The notes reference the Nasdaq-100, Russell 2000 and S&P 500. They are automatically called if, on any call observation date, each underlier is at or above its initial level; otherwise the cash settlement at maturity is based solely on the lesser performing underlier and could result in a total loss of principal.

GS Finance Corp. offers leveraged S&P 500® index-linked notes due May 27, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 performance from the trade date to the determination date.

The notes provide an upside participation rate of 300% subject to a $1,150 maximum settlement per $1,000 face amount; if the index declines, holders lose 1% of face for each 1% decline and may lose their entire investment. Trade date is March 27, 2026 and original issue date is March 31, 2026; the terms are subject to adjustment as described in the supplement.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index, with an expected trade date of March 26, 2026, original issue date of March 31, 2026 and stated maturity expected to be April 2, 2031.

The notes have a $1,000 face amount per note, monthly observation dates (expected the 26th of each month) and a coupon mechanic that pays $6.459 per $1,000 (0.6459% monthly) only for months when the index closing level is ≥85% of the initial index level. The notes include a 15% buffer (buffer level = 85% of initial) so at maturity holders receive $1,000 if the final index level is ≥85% of initial; if below 85% the payout equals $1,000 plus $1,000×(index return + 15%), which can result in a substantial loss. The notes may be automatically called on specified observation dates beginning in March 2027 if the index is ≥ the initial index level. The estimated model value at pricing is between $885 and $935 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering senior fixed rate notes due March 17, 2037, with an annual coupon of 5.00% per the pricing supplement marked Subject to Completion. The notes have a trade date of March 13, 2026 and an original issue date of March 17, 2026, in denominations of $1,000 and integral multiples. Interest is payable each year on March 17, commencing March 17, 2027. The notes will not be listed on any exchange and are issued in book-entry form through DTC. Pricing and certain original issue price details will be set on the trade date and may vary for certain fee-based advisory accounts.