Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. prices structured, autocallable basket-linked notes backed by The Goldman Sachs Group, Inc. guarantee. Each note has a $1,000 face amount, an expected stated maturity of March 30, 2029, and an initial basket level of 100. The notes pay no interest, may be automatically called beginning in April 2027 with specified call premiums, and at maturity pay $1,300 per $1,000 if the final basket level is at or above the initial level; otherwise the payout declines pro rata with the basket return. The basket weights the EURO STOXX 50 (40%), Nikkei 225 (20%), FTSE 100 (20%), SMI (7.5%), S&P/ASX 200 (7.5%) and iShares China Large-Cap ETF (5%). The estimated value at pricing is between $925 and $955 per $1,000, the issue price is 100%, underwriting discount 2.25%, and net proceeds 97.75%.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay interest at 4.50% per annum from and including the expected original issue date of March 20, 2026 to but excluding the expected stated maturity date of March 20, 2031.

Interest is expected to be paid semiannually on March 20 and September 20, with the first payment expected on September 20, 2026. The notes are callable at issuer option in whole (not in part) on scheduled redemption dates beginning on or after March 20, 2029, with at least five business days' prior notice and a redemption price equal to 100% of principal plus accrued and unpaid interest.

GS Finance Corp. is offering Market Linked Securities — Auto-Callable with Leveraged Upside Participation and Contingent Downside Principal at Risk linked to the Class A common stock of CoreWeave, Inc. due March 8, 2029. Each security has a $1,000 face amount and an original offering price of $1,000.

The securities have an estimated value of approximately $925 per $1,000 face amount at pricing. Key economics: 170.00% upside participation, a 50.00% call premium if automatically called, a starting price of $79.56 (strike date February 27, 2026), a call date of March 8, 2027 and a stated maturity of March 8, 2029. If not called, maturity payoff depends on ending price vs. starting/threshold prices; downside exposure is 1-to-1 below the threshold (threshold = 60% of the starting price, i.e., a 40% threshold amount).

Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; investors bear the credit risk of both and may lose up to 100% of principal.

The offered notes are autocallable index-linked notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., tied to the Nasdaq-100, Russell 2000 and S&P 500 indices. For each $1,000 face amount the notes are callable quarterly and pay a capped call premium; the maturity payout depends on the lesser performing underlier with an 85% buffer level and a 43.05% maturity premium amount. The notes do not pay interest and expose investors to issuer/guarantor credit risk and potential loss of principal.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due March 18, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, automatically call on the call observation date if the index closes at or above the initial level, and would pay $1,140 per $1,000 face amount if called on March 18, 2027. If not called, maturity payoffs depend on S&P 500 performance: 110% upside participation on gains, full principal preserved down to 70% of the initial level, and below that you suffer losses equal to the index decline, potentially losing your entire investment.

GS Finance Corp. offers $1,000‑denominated Autocallable Index‑Linked Notes due March 11, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and feature quarterly automatic calls if both underliers close at or above their initial levels on an observation date; each call pays principal plus a specified call premium.

The notes reference the Russell 2000® and the S&P 500®. If not called, the maturity cash settlement depends solely on the lesser performing underlier: investors receive either principal plus a 51.55% capped premium, principal only, or a reduced cash amount computed using a 10.0% buffer and an approximate 111.11% buffer rate. The pricing shows an original issue price of 100% and a net proceed of 97% after a 3% underwriting discount.

GS Finance Corp. offers $22,595,000 of medium-term notes, fully guaranteed by The Goldman Sachs Group, Inc., linked to the Russell 2000® and S&P 500® indices. The notes pay a contingent monthly coupon of $8.459 per $1,000 (≈0.8459% monthly) if each underlier is ≥ 70% of its initial level on each coupon observation date, are subject to an automatic call if both underliers are ≥ their initial levels on a call observation date, and mature on March 6, 2031. At maturity (if not called), the cash settlement per $1,000 depends solely on the lesser performing underlier relative to its initial level, with a trigger buffer at 60%; you could lose your entire investment.

GS Finance Corp. is offering callable structured notes linked to the Class A common stock of Affirm Holdings, Inc., the common stock of NVIDIA Corporation and the common stock of Tesla, Inc.. The notes are expected to trade on March 16, 2026, have an expected original issue date of March 19, 2026 and an expected stated maturity date of March 24, 2031. Monthly coupons pay a maximum mechanism equal to $6.25 per $1,000 face amount per qualifying observation (0.625% monthly, up to 7.5% per annum aggregated as described) or a minimum coupon of $0.209 per $1,000 (approximately 0.25% per annum). The notes may be automatically called on observation dates beginning in March 2027 if each underlying closing price is at or above its initial price. The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers non‑interest linked notes tied to the shares of Alphabet (Class C), Meta (Class A) and NVIDIA. The notes mature on April 2, 2031 with an automatic‑call observation on March 27, 2028 and a trade date expected March 26, 2026. Notes will be automatically called if each index stock closes at or above 90% of its initial price on the call observation date, producing at least $1,230 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the lesser performing stock: positive payoff = 125% participation in that stock’s gain; otherwise holders receive the face amount. The prospectus states an estimated value on the trade date of $885 to $935 per $1,000 face amount and emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers equity‑linked, principal‑at‑risk notes tied to Western Digital Corporation common stock. Each $1,000 note matures on March 15, 2027 and pays a capped $1,499 if the final stock closing price on the determination date is at least 70% of the initial price of $250.61. If the final price is below 70%, holders receive $1,000 plus $1,000 times the index stock return, which can result in a total loss of principal. The estimated value at issuance was approximately $971 per $1,000 face amount, and the offering is subject to issuer and guarantor credit risk and GS&Co. acting as calculation agent and market‑maker.

GS Finance Corp. is offering ETF-linked notes due March 8, 2028 (original issue date March 6, 2026) with an aggregate face amount of $3,230,000. Payment at maturity is based on the lesser performing of the SPDR® Gold Trust and the iShares® Silver Trust, measured from the trade date March 3, 2026 to the determination date March 3, 2028. If the lesser performing ETF has a positive return, you receive 100% participation in that lesser return up to a cap level (133.25% of initial level) and a maximum settlement amount of $1,332.50 per $1,000 face amount. If the lesser performing ETF return is zero or negative, you receive the $1,000 face amount. The estimated value on the trade date was about $985 per $1,000 face amount; the original issue price is 100% of face amount.

GS Finance Corp. is offering autocallable equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Amazon.com, Inc. (Bloomberg: "AMZN UW"). The notes have a 100% upside participation rate and a trigger buffer level of 70% of the initial underlier level. If the notes are automatically called on the call observation date, the payment will be $1,247.50 per $1,000 face amount on the call payment date. If not called, payments at maturity depend on the final underlier level: full principal if the final level is at or above the trigger buffer, upside participation for positive returns above the initial level, and a downside exposure equal to the underlier return if below the trigger buffer (potentially a total loss). The notes pay no interest. Key dates shown in the pricing supplement include a trade date of March 6, 2026, original issue date March 11, 2026, call observation date March 8, 2027 (call payment March 11, 2027), determination date March 6, 2029, and stated maturity March 9, 2029. The offering materials disclose credit risk of the issuer and guarantor, potential limited secondary-market liquidity, modeling assumptions that make the original issue price exceed estimated model value, and uncertain U.S. federal tax treatment.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031 that pay 4.675% interest per annum. Interest accrues from the expected original issue date of March 9, 2026 to the expected stated maturity of March 7, 2031, with semiannual payments expected each March 9 and September 9.

The notes are callable in whole (not in part) on each redemption date expected on March 9 and September 9 on or after March 9, 2028, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. Settlement and delivery are expected in DTC on March 9, 2026.

GS Finance Corp. is offering structured, callable notes guaranteed by The Goldman Sachs Group, Inc., linked to the common stocks of Tesla, Alphabet (Class A) and NVIDIA. The notes have an expected stated maturity date of March 11, 2027, and may be automatically called on observation dates beginning in June 2026. Quarterly coupons of at least $30 per $1,000 face amount (at least 3% quarterly) are payable only if the closing price of each index stock on a coupon observation date is greater than or equal to 50% of its initial price. At maturity, if a trigger event occurs (each final index stock price is below its initial price), payment will be based on the lesser performing index stock return and could be significantly less than the face amount. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering leveraged EURO STOXX 50® 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 EURO STOXX 50® performance from the trade date to the determination date.

Key terms: trade date March 6, 2026; original issue date March 11, 2026; stated maturity date March 9, 2029; upside participation 300% subject to a maximum settlement amount of $1,463.80 per $1,000 face amount; trigger buffer 25% (75% trigger buffer level). If the final index level is below the trigger buffer level, investors suffer proportional losses and could lose their entire investment. The notes are senior unsecured obligations and subject to issuer and guarantor credit risk.

GS Finance Corp. offers underlier-linked, principal-at-risk notes due September 23, 2027, fully guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount note pays no interest and delivers a cash settlement at maturity tied to the lesser performing underlier of the EURO STOXX 50® and the iShares® MSCI EAFE ETF.

Key economics set on the trade date (March 18, 2026): an upside participation rate of 150%, a maximum settlement amount of $1,210 per $1,000 face, and an 80% buffer level. If the lesser performing underlier finishes below its buffer, principal is lost on a 1% per 1% basis below the buffer; if both underliers finish at or above the buffer but not higher than initial levels, you receive the face amount.

GS Finance Corp. is offering autocallable equity-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference Broadcom (AVGO), Meta (META), NVIDIA (NVDA) and Tesla (TSLA) and may be automatically called monthly if each underlier closes at or above its initial level on a call observation date. If not called, the cash settlement at maturity is based solely on the lesser performing underlier and is capped by a maturity date premium amount of at least 47.502%. The notes pay no interest and carry issuer/guarantor credit risk; pricing terms (including original issue price and underwriting discount) will be set on the trade date and certain terms are subject to adjustment as described in the general terms supplement.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk notes maturing March 13, 2029. The notes pay a monthly coupon of $13.5 per $1,000 face amount (1.35% monthly; 16.2% annualized potential) only when the closing level of each underlier meets a 65% coupon trigger on observation dates. The return at maturity is determined by the lesser performing underlier (Russell 2000®, Nasdaq-100®, VanEck Gold Miners ETF). A trigger buffer at 60% affects principal protection: if the final level of any underlier is below 60%, principal is reduced pro rata to that underlier’s return. The company may redeem notes at $1,000 plus any coupon on monthly coupon dates from September 2026 through February 2029. The estimated value at pricing is between $925 and $955 per $1,000, which is lower than the original issue price; payments remain subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. is offering Autocallable Russell 2000® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes are cash-settled, do not bear interest, and may be automatically called on annual observation dates if the underlier closes at or above its initial level.

Key disclosed terms include a trade date of March 31, 2026, original issue date April 3, 2026, call observation dates with call payment premiums of 12.25% (May 3, 2027) and 24.5% (March 30, 2028), a capped maturity premium of 36.75%, determination date March 27, 2029 and stated maturity March 30, 2029. The offering price is 100% of face amount with an underwriting discount of 2.25%.

Material risks the supplement emphasizes include possible loss of your entire investment if the final underlier level is below the initial level, capped upside at maturity and on call, exposure to issuer/guarantor credit risk, limited secondary market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. files a preliminary prospectus supplement to offer callable 10-year CMT rate‑linked range accrual notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the 10‑year CMT, have a reference rate barrier of 5.00% and an interest factor set between 8.00% and 8.75%. Expected trade date is March 13, 2026, original issue date March 17, 2026, and stated maturity March 17, 2036. Interest, if any, is paid quarterly and depends on the number of reference dates on which the 10‑year CMT is ≤ the barrier. The issuer may redeem the notes at 100% of face amount on quarterly redemption dates beginning March 17, 2027. Estimated model value at pricing is stated as between $900 and $950 per $1,000 face amount.

GS Finance Corp. offers capped buffer GEARS linked to the SPDR® Gold Trust (GLD), with terms set on the trade date. The notes provide 2.00 upside gearing and a maximum settlement amount expected between $13.00 and $13.28 per $10 face amount (30.00 to 32.80 maximum return).

The securities include a 10.00% buffer (downside threshold at 90.00 of the initial ETF price), trade date expected March 11, 2026, original issue date expected March 16, 2026, determination date expected March 13, 2028, and stated maturity expected March 16, 2028. The estimated value at pricing is between $9.30 and $9.60 per $10 face amount. Payments are subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, non‑interest bearing, buffered digital notes linked to the S&P 500® Futures Excess Return Index with a stated maturity of March 18, 2032. The notes pay a cash settlement per $1,000 face amount determined by the underlier return on the determination date, subject to a 20% buffer (buffer level: 80% of the initial underlier level) and a threshold settlement amount of $1,529.50. If the final underlier level is between the buffer level and the initial level a positive payout equals the absolute underlier return; if the final underlier level is below the buffer level, investors incur proportional losses and could lose a substantial portion of their investment. The underlier reflects E‑mini S&P 500 futures, not the cash S&P 500 Index, and negative roll yields and futures financing costs may reduce the underlier’s level over time. The notes are senior debt of GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due April 7, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes have an upside participation rate of 185%, a trigger buffer level of 50%, and do not bear interest. Payment at maturity depends on the underlier return measured from the trade date April 2, 2026 to the determination date April 2, 2031. If the final underlier level exceeds the initial level, holders receive $1,000 + ($1,000 × 185% × underlier return). If the final level is between 50% and 100% of the initial level, holders receive the face amount. If the final level is below 50% of the initial level, holders suffer a proportional loss and could lose their entire investment. Investors are exposed to issuer/guarantor credit risk, lack of interest payments, futures‑specific effects (roll yield/contango), limited liquidity, and tax characterization uncertainty.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due March 15, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash settlement per $1,000 face amount depends on S&P 500 performance from the trade date to the determination date.

If the final level is at or above the initial level you receive the underlier return up to a $1,363.50 cap. If the final level declines up to the 20% buffer you receive the absolute decline as a positive return; declines beyond the 20% buffer produce losses pro rata to the decline. Trade date is March 11, 2026; original issue date is March 16, 2026; determination date is March 12, 2029.

GS Finance Corp. offers S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, do not bear interest, and pay at maturity either the face amount or a positive return linked to the S&P 500® Index subject to a $1,120 maximum settlement amount.

The trade date is March 27, 2026, original issue date April 1, 2026, determination date March 28, 2028 and stated maturity date March 31, 2028, each "subject to adjustment" as described in the general terms supplement. If the final underlier level is greater than the initial level, the payment equals $1,000 plus the underlier return but capped at $1,120; if the final level is equal to or less than the initial level, holders receive the face amount.

GS Finance Corp. is offering leveraged buffered S&P 500® index‑linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and return a cash settlement per $1,000 face amount at maturity based on the S&P 500® performance from the trade date to the determination date. Key terms include an upside participation rate of 200%, a buffer level of 85% (buffer amount 15%), and a maximum settlement amount of $1,116. Trade date is March 11, 2026, original issue date March 16, 2026, determination date April 12, 2027, and stated maturity date April 15, 2027.

The notes may return the face amount if the final underlier level is down no more than the buffer; losses occur if the final underlier level falls below the buffer, with potential for substantial principal loss. The issuance is subject to underwriting discounts, a structuring fee, and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. Payment at maturity depends on the lesser performing underlier of the Dow Jones Industrial Average and the S&P 500 measured from the trade date to the determination date.

If the final level of each underlier is greater than its initial level, the cash payment equals $1,000 plus the lesser performing underlier return, capped at a maximum settlement amount of $1,122.50. If any underlier’s final level is equal to or below its initial level, holders receive the face amount. Trade date is April 2, 2026, original issue date is April 7, 2026, determination date is October 4, 2027 and stated maturity is October 7, 2027 (each subject to adjustment).

GS Finance Corp. is offering $ callable Contingent Coupon Index‑Linked Notes due March 12, 2029 guaranteed by The Goldman Sachs Group, Inc.. The notes link payouts to the performance of three underliers: the Nasdaq‑100, Russell 2000 and S&P 500. Coupons are contingent monthly payments of $10.042 per $1,000 if each underlier closes at or above a coupon trigger level equal to 70% of its initial level on the related observation date. If any underlier is below its trigger on an observation date, that coupon is zero.

The cash settlement at maturity (if not redeemed) is tied to the lesser performing underlier: if that underlier is at or above its trigger buffer level (70% of initial), you receive $1,000 per $1,000 face amount; if below, you receive $1,000 × the lesser performing underlier return, exposing investors to full principal loss. The issuer may redeem on scheduled coupon payment dates beginning June 2026. Trade date is March 6, 2026 and original issue date is March 11, 2026.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Netflix, Amazon and Microsoft. The notes have an expected stated maturity of March 7, 2029, an automatic call feature with observation dates beginning September 2026, and monthly coupon observation dates expected on the 2nd of each month from April 2026 through March 2029.

Coupons are payable for each $1,000 face amount only if the closing price of each index stock on a coupon observation date is at least 60% of its initial index stock price (initial prices set on March 2, 2026: Netflix $97.09, Amazon $208.39, Microsoft $398.55) and are calculated using $10.084 per month (1.0084% monthly, up to ~12.10% per annum) less any previously paid coupons. Notes are automatically called if each index stock on a call observation date is at or above its initial index stock price; called notes pay face amount plus accrued coupon.

If not called, maturity payment depends on a trigger event: if all final prices are below their initial prices, payment is tied to the lesser performing index stock return (subject to a 50% trigger buffer), which could result in a substantial loss of principal. The estimated model value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the issuer's and guarantor's credit risk and various market, adjustment and calculation-agent provisions.

GS Finance Corp. offers autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on March 15, 2027 for $1,160 per $1,000 face amount if each index is >=90% of its initial level, and mature on March 20, 2029. At maturity (if not called), payoff depends on the lesser performing index: if all final levels > initial levels you receive $1,000 plus 150% of the lesser performing index return; if any final level < 70% of initial you could lose principal. The estimated value at trade date is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering autocallable index-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity (if not automatically called) is tied to the performance of the lesser performing underlier among the Nasdaq-100, Russell 2000 and S&P 500 indices.

The notes will be automatically called on the call observation date if each underlier's closing level is greater than or equal to its initial level; in that event the issuer would pay $1,092.50 per $1,000 face amount on the call payment date. If not called, the cash settlement equals $1,000 plus $1,000× the 100% upside participation rate × the lesser performing underlier return, or the face amount if any underlier return is zero or negative. Key terms are set on the trade date and certain dates/levels are subject to adjustment.

GS Finance Corp. offers autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date; if called the issuer will pay $1,130 per $1,000 face amount on the call payment date.

If not called, the cash settlement at maturity depends solely on the lesser performing underlier (the Dow Jones Industrial Average and the S&P 500). The notes feature an 175% upside participation rate and a 75% trigger buffer per underlier; a final underlier level below the trigger buffer can result in a loss of principal, including the possibility of losing your entire investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest notes linked to the common stock of Sandisk Corporation. The notes have a $1,000 face amount per note, an expected trade date of March 6, 2026, an expected original issue date of March 11, 2026 and an expected stated maturity of March 9, 2029. Notes may be automatically called beginning on call observation dates in March 2027–February 2029; if not called, maturity payoffs depend on the final index stock price versus the initial index stock price.

The notes cap upside: the maximum cash at maturity is $2,650.024 per $1,000 face amount and the trigger buffer is 60% of the initial index stock price. If the final index stock price is below the trigger buffer, payments fall proportionally and investors could lose their entire investment. The calculation agent is Goldman Sachs & Co. LLC and GS&Co. has sole discretion for certain pricing and adjustment determinations.

GS Finance Corp. offers principal-protected‑style, contingent‑coupon notes linked to the iShares Bitcoin Trust ETF (IBIT). The notes mature on the stated maturity date expected to be March 8, 2029 and include monthly coupon observation dates (expected 5th of each month) and call observation dates from September 2026 through February 2029.

For each $1,000 face amount the monthly coupon is $15.209 if the ETF closing level on a coupon observation date is ≥ 60% of the initial ETF level; no coupon is paid if below that level. Notes will be automatically called if the ETF closing level on any call observation date is ≥ the initial ETF level, in which case holders receive $1,000 plus the coupon. At maturity, if not called, payouts depend on the ETF return: full principal plus final coupon if final level ≥ 60% of initial; $1,000 (no coupon) if final level is between 50% and 60%; and a pro rata loss if final level is 50%. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering principal-protected‑buffer notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index. The notes pay no interest, may be automatically called on scheduled call observation dates beginning in March 2027, and mature on or about March 13, 2031 if not called. At maturity the cash payment per $1,000 face amount equals (1) $1,000 plus participation in positive index returns, (2) $1,000 if the final index level is down by ≤15%, or (3) a reduced amount if the final index level is down by more than 15%. The initial trade date is expected to be March 6, 2026, and the issuer’s estimated note value at pricing is between $885 and $925 per $1,000 face amount. Payments depend on the index level, the automatic‑call schedule (with specified call premiums), and the credit of GS Finance Corp. and its guarantor.

The Goldman Sachs Group, Inc. is offering non‑interest bearing callable notes with an expected original issue date of March 9, 2026 and an expected stated maturity of March 9, 2038.

For each $1,000 principal amount, the cash settlement at maturity equals $1,000 plus a maturity date premium amount of 88.8% (yield to maturity 5.43%). The issuer may redeem notes on scheduled call payment dates at specified call premium amounts (table lists call premiums from 3.7% to 85.1% and related yields). The notes are unsecured, not FDIC insured, will be issued in global form only, will not bear interest, and will not be listed.

GS Finance Corp. offers Autocallable S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 250% and an automatic call feature that pays $1,180 per $1,000 face amount if the underlier meets the call condition on the call observation date. If not called, maturity payoff depends on the S&P 500® Futures Excess Return Index performance with a 15% buffer (85% buffer level) and a 100% buffer rate; significant principal loss is possible.

The trade date, original issue date, determination date and stated maturity are set as March 18, 2026, March 23, 2026, March 18, 2031 and March 25, 2031, respectively, and the call observation/payment dates are in March 2028. The notes are cash‑settled and linked to futures contracts (not direct equity), and are subject to issuer and guarantor credit risk and model/pricing discounts described herein.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc.. Payment at maturity is based on the S&P 500 performance from March 3, 2026 to the determination date. If the final index level is ≥ the buffer level (85% of the initial level), holders receive the maximum settlement amount of $1,080 per $1,000 face amount. If the final level is < 85%, losses apply: holders lose approximately 1.1765% per 1% decline below the buffer (buffer rate ≈ 117.65%), and could lose the entire investment. The notes pay no interest, are cash‑settled, and are subject to issuer and guarantor credit risk, limited secondary‑market liquidity, pricing model discounts vs. original issue price, and tax uncertainty.

GS Finance Corp. offers autocallable, contingent-coupon notes linked to the iShares® Semiconductor ETF (SOXX), expected trade date March 6, 2026 and stated maturity March 11, 2030. Coupons of $47.75 per $1,000 (4.775% quarterly; 19.1% annualized) pay on a coupon payment date only if the ETF closing level on the related observation date is at or above 75% of the initial level. Notes are automatically called if the ETF closing level on any call observation date is greater than or equal to the initial level; called notes pay face amount plus then-due coupon on the next call payment date. At maturity (if not called), cash settlement depends on the ETF return: full principal if final level ≥ 75% of initial; principal only if final level ≥ 65% but < 75%; and a proportional loss if final level < 65%, which could result in receiving substantially less than principal. Estimated initial model value is between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering contingent monthly coupon, autocallable notes with an aggregate face amount of $4,285,000, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent coupon of 1.0209% monthly (up to approximately 12.25% annually) if each underlier meets a 70% coupon trigger on observation dates. The notes may be automatically called on quarterly call dates if each underlier is at or above its initial level; stated maturity is March 7, 2029. The cash settlement at maturity (if not called) is based solely on the lesser performing underlier and could result in a total loss of principal if that underlier falls below its 70% trigger buffer level.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due September 9, 2027 with interest at 4.15% per annum, expected original issue date March 9, 2026. Interest payments are expected on September 9, 2026, March 9, 2027 and September 9, 2027.

The notes are callable at the issuer's option, in whole but not in part, on specified redemption dates (expected September 9, 2026, December 9, 2026, March 9, 2027 and June 9, 2027) at a redemption price of 100% of principal plus accrued interest. Settlement and issuance will be by DTC in book-entry form, with delivery expected in New York on March 9, 2026. The notes are subject to FATCA withholding and distribution restrictions in the EEA, UK, Hong Kong, Singapore, Japan and Switzerland.

GS Finance Corp. offers callable structured notes linked to the common stocks of Amazon.com, Apple and Alphabet. The notes have an expected trade date of March 6, 2026, an original issue date expected to be March 11, 2026, and a stated maturity date expected to be March 7, 2029.

Coupons are conditional and monthly (formula uses $9.167 per $1,000, i.e., 0.9167% monthly, ~11% per annum potential) and are paid only if each index stock meets a 60% coupon trigger of its initial price (initial prices set on March 2, 2026 at $208.39 for Amazon, $264.72 for Apple and $306.36 for Alphabet). Notes will be automatically called if, on any call observation date, each index stock is at or above its initial price; if not called, maturity pay depends on a trigger event (all final prices below initial prices) and, if triggered, repayment is based on the worst-performing index stock and can result in substantial loss. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. priced a capped, autocallable monthly‑coupon note guaranteed by The Goldman Sachs Group, Inc. The offering has an $4,300,000 aggregate face amount and $1,000 face amount per note. The notes pay a contingent monthly coupon of $10.417 (approximately 1.0417% monthly or up to ~12.5% per annum) when each underlier is >= its coupon trigger (70% of initial level) on observation dates.

If a call observation date shows each underlier >= its initial level the notes will be automatically called and redeemed at $1,000 plus any coupon then due. If not called, the maturity cash settlement is tied to the lesser performing underlier: if that underlier is below its trigger buffer (70%), repayment equals $1,000×(1 + lesser performing underlier return), so investors could lose up to their entire investment. Trade date is March 2, 2026, original issue date March 5, 2026, and stated maturity March 7, 2029.

GS Finance Corp. is offering equity index linked medium-term notes, guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq-100 Index® maturing on April 4, 2030. Each note has a face amount of $1,000, 100% upside participation subject to a maximum return that will be set on the pricing date and will be at least 26.90% (producing a maximum maturity payment of at least $1,269.00 per note).

The notes repay principal at maturity regardless of index performance, subject to issuer and guarantor credit risk. The expected pricing date is March 30, 2026 with an expected original issue date of April 2, 2026. The estimated value at pricing is between $900 and $930 per $1,000 face amount; the original offering price is $1,000 with underwriting discounts up to $38.25 per note.

GS Finance Corp. is offering leveraged basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes are non‑interest bearing, have a face amount of $1,000 per note, an expected maturity of approximately 60 months, and pay a cash settlement based on a weighted five‑index basket.

The basket weights are EURO STOXX 50 40%, TOPIX 25%, FTSE 100 17%, SMI 11% and S&P/ASX 200 7%. The upside participation rate will be set on the trade date and is expected to be between 164% and 193%. The estimated value on the trade date is expected to be between $915 and $945 per $1,000 face amount.

GS Finance Corp. is offering structured, callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on March 10, 2032 unless automatically called beginning in September 2026. Monthly observation dates are expected on the 5th of each month. A monthly coupon of $18.75 per $1,000 face amount (1.875% monthly; up to 22.5% per annum) is payable only if the index closing level on an observation date is at least 70% of the initial underlier level. If the index closing level on any call observation date is greater than or equal to the initial underlier level, the notes will be automatically called and you would receive the face amount plus the coupon on the related call payment date. The underlier applies leverage (up to 500%), a cap on daily leverage change (100%), and a daily decrement of 6.0% per annum, each of which materially affects potential returns and risk. The estimated value at issuance is stated between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering autocallable index-linked notes due 2029, with an unconditional guarantee by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Technology Sector Index and the Russell 2000® Index and do not bear interest.

Key economic terms set on the trade date include an upside participation rate of 195.25%, a trigger buffer level of 70% for each underlier, annual automatic callability (first two call premium amounts: 14% on March 22, 2027 and 28% on March 22, 2028), a trade date of March 17, 2026, original issue date of March 20, 2026, a determination date of March 19, 2029, and a stated maturity date of March 22, 2029. Payment at maturity and any call payment depend on the performance of the lesser performing underlier; if the final level of any underlier is below its trigger buffer, investors may lose up to their entire investment.

GS Finance Corp. is offering callable contingent coupon index-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $19.375 per $1,000 (1.9375% quarterly; up to 7.75% per annum) only if each underlier closes at or above 65% of its initial level on the related coupon observation date. The payoff at maturity (if not earlier redeemed) is based on the performance of the lesser performing underlier among the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500; if that underlier finishes below 65% of its initial level the investor can suffer a substantial loss, including the loss of their entire investment. The issuer may redeem the notes on coupon payment dates beginning March 2027. Trade date is March 11, 2026 and original issue date is March 16, 2026. The notes are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering Digital Equity-Linked Notes due April 5, 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Bloom Energy Corporation (Bloom ticker: "BE UN").

Each note has a $1,000 face amount and pays no interest. At maturity you receive $1,482 per $1,000 if the final underlier level is greater than or equal to the initial level set on the trade date; otherwise you receive the $1,000 face amount. Trade date is March 31, 2026 and original issue date is April 3, 2026. Terms and certain economics will be set on the trade date.