Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is linked to the S&P 500 index performance from the trade date to the determination date.

Key terms: trade date March 26, 2026, original issue date March 31, 2026, determination date September 26, 2029, stated maturity date October 1, 2029. The notes feature a 15% buffer (buffer level = 85% of the initial level) and a buffer rate of 100%. If the final underlier level is greater than or equal to the buffer level, holders receive a capped maximum settlement amount (at least $1,247 per $1,000 face amount). If the final underlier level is below the buffer level, investors lose 1% of face amount for each 1% decline below the buffer, potentially losing a substantial portion of principal.

GS Finance Corp. is offering autocallable S&P 500® Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, automatically call on March 16, 2027 if the S&P 500 closing level is at or above the initial level, and would pay $1,100 per $1,000 on the call payment date if called.

The notes provide an upside participation rate of 205%, a buffer level of 90% (buffer amount 10%), and use an initial underlier level of 6,816.63 (closing level on March 3, 2026). If not called, the cash settlement at maturity (determination date March 3, 2028, maturity March 8, 2028) depends on final underlier performance and may result in the loss of the entire investment if the final level is below the buffer level.

GS Finance Corp. offers autocallable, buffered S&P 500® Index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 5, 2026, an expected original issue date of March 10, 2026, an expected call observation date of March 17, 2027 and an expected stated maturity date of March 8, 2028.

The notes have a $1,000 face amount per note, a 100% upside participation rate, and an explicit buffer amount of 20.79% (buffer level 79.21% of the initial underlier). If automatically called on the call observation date the cash payment per $1,000 face will be $1,100. If not called, positive or modest negative index returns convert to positive payoffs (absolute return up to the buffer); declines beyond the 20.79% buffer produce a leveraged loss using a buffer rate of approximately 126.25%, and investors could lose their entire investment. The estimated value at term-setting is between $900 and $930 per $1,000 face. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with an initial underlier level of 6,816.63 set on March 3, 2026.

Key economics: a 90% buffer level, a maximum settlement amount of $1,095 per $1,000 face amount, and a buffer rate of approximately 111.11%. Trade date is March 4, 2026, original issue date March 9, 2026, determination date March 17, 2027, and stated maturity March 22, 2027. Notes pay no interest and expose investors to issuer/guarantor credit risk and potential full principal loss if the final underlier level falls below the buffer.

GS Finance Corp. is offering $1,000-denominated Barrier Market-Linked Notes linked to the SPDR® Gold Trust (GLD), guaranteed by The Goldman Sachs Group, Inc. Trade date is March 11, 2026, original issue date March 16, 2026, determination date March 13, 2028 and stated maturity date March 20, 2028 (each subject to postponement).

The notes pay no interest and settle in cash at maturity. If a daily upper barrier is breached during the observation period, each $1,000 note will pay the face amount plus the 8.00% contingent return. If no barrier event occurs and the final ETF price exceeds the initial price, holders receive the ETF return up to a maximum return set between 35.00% and 40.00%. If no barrier event occurs and the final ETF price is equal to or less than the initial price, holders receive only the $1,000 face amount.

The pricing supplement shows an estimated value of the notes of between $940 and $970 per $1,000 face amount at the trade date, an original issue price of 100.00% and an underwriting discount of 2%. All payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index‑Linked Notes due April 8, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and link the maturity payment to the S&P 500 performance measured from March 3, 2026 to the determination date.

For each $1,000 face amount, if the final underlier level is ≥ the buffer level (90% of the initial level) you receive the maximum settlement amount of $1,100. If the final underlier level is below the buffer level, you lose approximately 1.1111% of face amount for each 1% decline below the buffer level, and you could lose your entire investment. The original issue price is 100% of face amount, underwriting discount is 1.042%, and net proceeds to issuer are 98.958%. The notes are subject to the credit risk of the issuer and guarantor and may have limited liquidity.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a Performance Leveraged Upside Security (PLUS) based on the S&P 500® Index due April 5, 2027. Each PLUS provides 300% leveraged upside on positive index performance up to a $1,138.00 maximum payment per $1,000 principal, and exposes investors to full 1:1 downside risk, including potential loss of principal.

Pricing is expected to occur on or about March 10, 2026 with an original issue date of March 13, 2026, a valuation date expected on March 31, 2027, and an estimated secondary-market value range of $915 to $975 per PLUS. The offering carries an underwriting discount of 2.25% and a selling concession of $22.50 per PLUS.

GS Finance Corp. is offering Digital Equity‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and a maximum settlement amount of $1,249 per note. The notes are linked to the Class A common stock of Alphabet Inc. (Bloomberg: "GOOGL UW").

Trade date is March 31, 2026, original issue date is April 3, 2026, the determination date is April 2, 2029 and the stated maturity date is April 5, 2029 (each subject to adjustment as described). If the final underlier level on the determination date is greater than or equal to the initial underlier level, holders receive the maximum settlement amount; if the final underlier level is less than the initial underlier level, holders receive the face amount. The notes do not bear interest and will be issued in book‑entry form. The pricing supplement discloses credit risk of the issuer and guarantor, secondary‑market liquidity risks, and special U.S. federal income tax treatment as contingent payment debt instruments.

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 a cash payment at maturity tied to the S&P 500 index performance between the trade date and the determination date. Key terms: upside participation rate 200%, maximum settlement amount $1,242.50, buffer level 90% (10% buffer), trade date March 26, 2026, original issue date March 31, 2026, determination date September 26, 2028, and stated maturity date September 29, 2028. If the final index level is above the initial level, holders participate up to the capped return; if the final level is at or above 90% but at or below initial, holders receive the face amount; if the final level is below 90% holders lose principal pro rata below the buffer. The notes are unsecured senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income callable securities due September 11, 2028. The notes pay a contingent quarterly coupon (at least $29.375 per $1,000 if conditions are met) only when the S&P 500®, Russell 2000® and EURO STOXX 50® all close at or above a 70.00% downside threshold on every index business day during the relevant quarterly observation period. The issuer may redeem the notes at 100% of principal on coupon dates from June 11, 2026 through June 9, 2028. At maturity, if the worst performing index is below its downside threshold, payment equals $1,000 × the worst-performing index performance factor (potentially less than $700 or zero). Estimated value range at pricing: $920 to $980 per security; underwriting discount: 2.25%.

GS Finance Corp. is offering autocallable equity-linked notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of NVIDIA Corporation ("NVDA"). The notes pay no interest, may be automatically called monthly if the underlier closes at or above its initial level, and are issued with a maturity date premium amount of 71.2512%.

If not called, the cash settlement at maturity depends on the final underlier level measured on the determination date: investors receive $1,000 if the final level is at least 60% of the initial level, a capped upside if the final level meets or exceeds the initial level, or a loss proportional to the underlier return if the final level is below 60%. The notes may result in a total loss of principal in adverse scenarios; they are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering market-linked medium-term notes due January 4, 2029 linked to the Dow Jones Industrial Average® with a 100.00% upside participation rate and a maximum return that will be determined on the pricing date but will be at least 14.70% (a maximum maturity payment of at least $1,147.00 per $1,000 face amount). The notes repay the face amount at maturity if the ending level is less than or equal to the starting level, provide no periodic interest, and are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.

The original offering price is $1,000 per note, the estimated value on the pricing date is between $925 and $955 per $1,000 face amount, and underwriter compensation may be up to 3.075% (up to $30.75 per $1,000). Timing anchors include an expected pricing date of March 30, 2026 and an expected original issue date of April 2, 2026.

The Goldman Sachs Group, Inc. is offering floating rate notes due March 6, 2031. The notes pay interest quarterly based on compounded SOFR plus a spread of 1.28%, subject to a minimum interest rate of 0.00% and a maximum of 6.00%, with expected interest payment dates on June 6, September 6, December 6 and March 6 beginning June 6, 2026.

The notes have $1,000 denominations, are unsecured obligations, are not FDIC insured, and will not be listed on an exchange. Goldman Sachs & Co. LLC

GS Finance Corp. is offering buffered S&P 500® index-linked notes due March 8, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with an initial level set on March 3, 2026 and a determination date expected on March 5, 2029. For each $1,000 face amount, positive index returns are paid at a 76.4% participation rate; declines up to 30% are buffered (you would receive $1,000), while declines beyond 30% produce proportional losses. The expected estimated value at term-setting is between $925 and $955 per $1,000 face amount. The notes do not bear interest, are unsecured obligations subject to issuer and guarantor credit risk, and may have limited secondary market liquidity.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing market‑linked notes linked to an equally weighted basket of six healthcare stocks with an initial basket level of 100. The trade date is expected to be March 11, 2026, original issue date March 16, 2026, and stated maturity is expected to be March 16, 2028.

Key terms: a buffer of 15% (buffer level 85), a cap level of 133.5% and a maximum settlement amount of $1,335 per $1,000 face amount. If final basket level is below the buffer, losses occur and holders can lose a substantial portion of principal; estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering buffered, Nasdaq-100 Index®-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on March 8, 2029 and reference an initial level set on March 3, 2026 with a determination date expected on March 5, 2029.

Key economics: a 84.6% participation rate on positive index returns, a 15% buffer (buffer level = 85% of the initial level), and an estimated value at pricing of $925–$955 per $1,000 face amount. If the final index level falls below the buffer, principal losses occur (examples show up to an 85% loss of face amount). The notes pay no interest and are dependent on the issuer and guarantor creditworthiness.

GS Finance Corp. is offering S&P 500® Index-linked notes due March 22, 2027 that are fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash payment per $1,000 face amount determined by the S&P 500 performance from March 3, 2026 to the determination date on March 17, 2027 (subject to adjustment).

If the final index level is ≥ the trigger buffer level (80% of the initial level), holders receive a $1,086.90 maximum settlement per $1,000 face amount. If the final index level is below that buffer, holders lose 1% of face for each 1% decline below the initial level and could lose their entire investment.

GS Finance Corp. is offering $4,000,000 aggregate face amount of callable 10‑year CMT rate‑linked range accrual notes due March 4, 2031, guaranteed by The Goldman Sachs Group, Inc. Interest pays quarterly beginning June 4, 2026, with the first four quarterly rates fixed at 5.90% per annum and subsequent quarterly rates determined by the proportion of reference dates where the 10‑year CMT rate is ≤ 4.50% (maximum factor 5.90%) versus > 4.50% (minimum factor 1.00%). The issuer may redeem the notes at 100% of face amount plus accrued interest on any quarterly interest payment date on or after March 4, 2027. The estimated value at pricing was approximately $965 per $1,000 face amount, and the original issue price is 100% with a 2% underwriting discount.

GS Finance Corp. is offering leveraged basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest and mature approximately 35–38 months after the trade date. The payout per $1,000 face amount equals $1,000 plus a participation component if the final basket level exceeds the initial level of 100; otherwise repayment is reduced pro rata by the basket return. 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 is expected to be between 155% and 182%. The estimated value at pricing is between $935 and $965 per $1,000 face amount.

GS Finance Corp. is offering $5,000,000 aggregate principal of floating rate notes guaranteed by The Goldman Sachs Group, Inc. Each note has a principal amount of $1,000, matures on March 4, 2033, and pays interest quarterly starting June 4, 2026. Interest equals compounded SOFR plus a spread of 1.080%, subject to a minimum interest rate of 0.50%. Original issue price is 100% with an underwriting discount of 0.67% and net proceeds of 99.33%. The notes will not be listed, are not redeemable, and GS&Co. is the calculation agent. The issuer may sell additional notes at different terms.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due 2041. The notes bear interest at 5.25% per annum, have an original issue date of March 17, 2026, a trade date of March 13, 2026, and a stated maturity date of March 18, 2041

They will be issued in denominations of $1,000, will not be listed on any exchange, will be issued in book-entry form through DTC, and are being distributed initially by Goldman Sachs & Co. LLC; FATCA and OID tax rules apply.

GS Finance Corp. is offering buffered S&P 500® Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and is set on a March 6, 2026 trade date with an original issue date of March 11, 2026.

Payment at maturity depends on the S&P 500® performance to the March 6, 2028 determination date: holders receive $1,000 if the final level is >= the buffer level (80% of initial). If the final level exceeds the initial level, upside is passed through subject to a maximum settlement amount of $1,190. If the final level is below the buffer, losses apply on a 1:1 basis beyond the 20% buffer. The notes pay no interest. The original issue price is 100% of face amount; underwriting discount is 1.75%, net proceeds 98.25%.

GS Finance Corp. is offering medium-term, equity index-linked securities—auto-callable with 100% upside participation and a $1,000 face amount—linked to the S&P 500® Index. The pricing date is March 30, 2026 and original issue date is April 2, 2026.

The securities pay no interest, are subject to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and may be automatically called on the call date (April 2, 2027) for at least a 9.00% call premium. If not called, maturity payment on the calculation day (April 2, 2029) depends on underlier performance: full participation if up, full return if decline ≤ 10% buffer, and 1-to-1 downside beyond the buffer (loss up to 90% possible).

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 19, 2046 under its Medium-Term Notes, Series N program. The pricing supplement sets a 5.30% per annum fixed interest rate, a trade date of March 13, 2026 and an original issue date of March 17, 2026. Interest is paid annually on March 17 beginning March 17, 2027. The notes will be issued in book-entry form through DTC, will not be listed on any exchange, and are governed by the senior debt indenture with The Bank of New York Mellon as trustee.

GS Finance Corp. offers principal-at-risk, non-interest notes linked to an equally weighted basket of nine stocks, with The Goldman Sachs Group, Inc. as guarantor. Terms include an upside participation rate of 125%, a buffer level of 80% (buffer amount 20%), and an expected maturity of March 9, 2028.

The notes may be automatically called on the call observation date (expected March 19, 2027) if the basket closing level is at or above the initial level, producing a call payment of at least $1,174 per $1,000 face amount. The estimated value on the trade date is expected to be between $900 and $930 per $1,000 face amount.

GS Finance Corp. priced a primary offering of market-linked, auto-callable medium-term notes due March 16, 2029 that are linked to the common stock of NVIDIA Corporation. The securities pay a contingent quarterly coupon (at least $34.25 per $1,000, equivalent to 13.70% per annum when set on the pricing date) only if the underlying stock meets a coupon threshold.

The coupon threshold price and the downside threshold price are each 60% of the starting price. The notes will be automatically called if the stock closing price on any quarterly call date from June 2026 through December 2028 is greater than or equal to the starting price. If not called, maturity pay‑out depends on the ending price; an ending price below the downside threshold can cause losses exceeding 40% of principal. The estimated model value at pricing was between $925 and $955 per $1,000 face amount; the original offering price is $1,000 per security with an underwriting discount of up to $23.25 per $1,000.

GS Finance Corp. is offering principal-at-risk indexed notes linked to an unequally weighted basket of the S&P 500® Futures Excess Return Index (65%), MSCI EAFE Index (25%) and MSCI Emerging Markets Index (10%). The notes mature on March 7, 2031 (determination date expected March 4, 2031) and have an upside participation rate of 185% on positive basket returns. The initial basket level is 100 and the trigger buffer level is 80% of that initial level; if the final basket level is below the trigger buffer, investors suffer a pro rata loss and could lose their entire investment. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering callable, index-linked notes due and guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Futures Excess Return Index with an upside participation rate of 174%, a buffer level of 80% and expected trade date March 6, 2026.

If not called, at maturity (expected March 12, 2029) each $1,000 face amount will pay either (i) $1,000 plus $1,000×174%×index return if the final underlier level is greater than the initial level; (ii) $1,000 if the final level is between 80% and the initial level; or (iii) $1,000 + ($1,000×(underlier return + 20%)) if the final level is below 80%, which can result in substantial losses.

The notes are callable monthly beginning with a call payment date expected March 11, 2027 through February 12, 2029 at specified call premiums; estimated value on the trade date is between $925 and $955 per $1,000 face amount.

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 provide a 125% upside participation rate, a 15% buffer (buffer level 85% of the initial underlier level) and no periodic interest. If the underlier is at or above the initial level on the call observation date, the notes will be automatically called and pay $1,122 per $1,000 on the call payment date. Key dates: trade date March 26, 2026, original issue date March 31, 2026, call observation date March 29, 2027, determination date March 26, 2031, stated maturity date April 2, 2031.

Payments at maturity are cash‑settled and tied to the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures), not the S&P 500® Index. The notes do not confer shareholder or futures‑holder rights, are subject to issuer and guarantor credit risk, may be impaired by negative roll yields in the futures underlier, and can result in a substantial loss of principal if the final underlier level is below the buffer level.

GS Finance Corp. offers non‑interest bearing structured notes guaranteed by The Goldman Sachs Group, Inc. The notes are tied to an equally weighted basket of six stocks with an initial basket level of 100, a trade date expected March 6, 2026, an original issue date expected March 11, 2026, a call observation date expected March 19, 2027, a call payment date expected March 24, 2027, and a stated maturity expected March 9, 2028.

The notes pay no interest and feature an automatic call if the basket closing level on the call observation date is >= the initial basket level, producing a minimum cash payment of at least $1,194 per $1,000 face amount if called. At maturity the upside participation rate is 125%, there is a buffer amount of 15% (buffer level = 85% of initial), and a buffer rate of approximately 117.65%. The estimated value at pricing is expected to be between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering index-linked notes due April 5, 2028 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The cash payment at maturity for each $1,000 face amount is determined solely by the lesser performing underlier of the Russell 2000® Index and the S&P 500® Index as measured from the trade date to the determination date. If both final underlier levels are greater than or equal to their initial levels, holders will receive a capped maximum settlement amount of at least $1,122.50 per $1,000 face amount; if any underlier return is negative, holders will receive the face amount of $1,000. The notes pay no periodic interest and were set with a trade date of March 31, 2026 and an original issue date of April 6, 2026. Investors remain exposed to the credit risk of the issuer and guarantor, market value volatility prior to maturity, capped upside, and U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. offers Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due March 31, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes link payment to the GSMBFC5 Index, have a 100% upside participation rate, and may be automatically called on annual observation dates with capped call payments. Trade date is March 26, 2026 and original issue date is March 31, 2026. Our estimated value on the trade date is $850 to $890 per $1,000 face amount. The index applies a 5% realized volatility control, a momentum risk control, and a 0.65% per annum deduction, and may allocate substantial exposure to hypothetical cash positions, which can materially limit index-based gains.

GS Finance Corp. is offering contingent coupon notes linked to the iShares® Bitcoin Trust ETF with an initial aggregate face amount of $1,425,000. The notes mature on March 2, 2029 unless automatically called on any call observation date from February 2027 through January 2029. Coupons equal $15.209 per $1,000 (1.5209% monthly) are paid on a coupon payment date only if the ETF closing level on the related coupon observation date is at least 60% of the initial ETF level of $37.19. At maturity, if not called, principal treatment depends on the final ETF return: full principal if final level is ≥ 60% of initial, principal only (no coupon) if final level is between 50% and 60%, and a proportional loss if final level is below 50%, potentially delivering less than 50% of face. The estimated value at pricing was approximately $948 per $1,000 face amount.

GS Finance Corp. is offering contingent quarterly coupon, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $11,271,000 and a face amount of $1,000 per note, with an original issue date of March 4, 2026 and a stated maturity of March 4, 2031. Coupons equal 2.0375% per quarter (8.15% annualized potential) payable only if each underlier equals or exceeds 70% of its initial level on a coupon observation date. The notes reference the Dow Jones Industrial Average, Russell 2000 and S&P 500. If not called, principal repayment at maturity depends on the performance of the lesser performing underlier against a 55% trigger buffer; investors could lose their entire investment. The notes are cash-settled, not equity, and bear the issuer/guarantor credit risk.

GS Finance Corp. offers $399,000 aggregate face amount of callable S&P 500® Index‑linked notes due March 4, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 150% and a buffer level of 85% (buffer amount 15%).

The notes may be redeemed at issuer option on monthly call payment dates beginning March 4, 2027, with the cash settlement at maturity based on the S&P 500 closing level on the determination date (February 18, 2031). The estimated value on the trade date is approximately $966 per $1,000 face amount; original issue price is 100%, underwriting discount 1.125%, net proceeds 98.875%.

GS Finance Corp. priced a $20,056,000 offering of Contingent Income Auto-Callable Securities linked to the common stock of NVIDIA Corporation. The securities, issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., pay contingent quarterly coupons and mature on March 2, 2029, subject to automatic early redemption.

Each security has a $1,000 principal amount, an initial share price of $177.19, and a downside threshold price of $106.314 (60.00% of the initial share price). If not called, payment at maturity is $1,000 if the final share price is at or above the downside threshold; otherwise payment equals $1,000 × (final share price ÷ initial share price), which could result in substantial principal loss.

GS Finance Corp. priced index-linked notes due April 1, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is linked to the lesser performing of the Russell 2000 and the S&P 500 as measured from the trade date February 27, 2026 to the determination date March 29, 2027. The notes feature a 10% buffer, a cap of 122.25% of initial levels (maximum settlement amount of $1,222.50 per $1,000 face), an estimated value of $976 per $1,000 on the trade date, and an original issue price of 100%. Aggregate initial face amount was $394,000 and the underwriting discount was 0.725%.

GS Finance Corp. priced $19,445,000 of Dual Directional Trigger PLUS securities guaranteed by The Goldman Sachs Group, Inc. The notes reference the iShares® Expanded Tech-Software Sector ETF (ticker IGV) and mature on June 2, 2027 with a valuation date of May 27, 2027.

Each $1,000 Trigger PLUS returns: either $1,000 plus a leveraged upside equal to 200.00% of the ETF percent change (capped at $1,210.00), or $1,000 plus the absolute ETF return when the final ETF price is between the initial price and the trigger ($65.256, 80.00% of the initial $81.57). If the final ETF price is below the trigger, payment equals the ETF performance factor times $1,000 and investors may lose a significant portion or all principal.

GS Finance Corp. issues callable S&P 500®-linked notes due March 4, 2031, guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $956,000 on the original issue date and an original issue price of 100% of face amount.

Terms: trade date Feb 27, 2026, determination date Feb 27, 2031, upside participation 150%, initial index level 6,878.88, buffer level 80% (buffer rate 125%). Notes are callable at issuer option on call dates beginning in March 2027 through March 2029 at specified call premiums. Estimated value at pricing was about $977 per $1,000 face.

GS Finance Corp. offers structured notes linked to the S&P 500® Index. The pricing supplement covers an aggregate face amount of $1,987,000 with a trade date of February 27, 2026, original issue date March 4, 2026 and stated maturity of March 2, 2028.

Payments at maturity depend on the S&P 500 final level versus the initial level (initial level 6,878.88). The notes have a 20% buffer (buffer level = 80% of initial), a maximum upside settlement amount of $1,162.50 per $1,000 face amount, and do not bear interest. Holders are exposed to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured medium-term notes linked to Boston Scientific common stock with an automatic call feature and principal repayment tied to stock performance. The notes have a $1,000 face amount reference, an Initial index stock price $76.85, a call observation date March 12, 2027 with a capped call payment of $1,158.5 per $1,000, and a stated maturity date March 2, 2028. If not called, maturity payments depend on the final index stock price versus the initial price, a 15% buffer level (buffer price = 85% of initial), a buffer rate of approximately 117.65%, and a threshold settlement amount of $1,317. The prospectus discloses the estimated value at issuance of approximately $970 per $1,000 face amount and states the notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured medium-term notes due March 4, 2031 that pay no interest and whose cash settlement at maturity is linked to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF (EFA). The notes feature an upside participation rate of 221.25% and a trigger buffer level equal to 65% of each underlier’s initial level. If both underliers finish above their initial levels, holders receive the face amount plus the upside participation times the lesser performing underlier return; if any underlier closes at or below its trigger buffer level, losses accrue 1% per 1% decline in the lesser performing underlier and investors could lose their entire investment. The issue aggregates $537,000 of face amount and the notes reference a February 27, 2031 determination date (subject to adjustment).

GS Finance Corp. offers contingent automatic‑call notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stocks of UnitedHealth Group, ServiceNow and Broadcom, have an aggregate face amount of $1,032,000, an original issue price of 100%, and an estimated value at pricing of approximately $915 per $1,000.

The notes may be automatically called on the call observation date (March 8, 2027) if each index stock closes at or above 90% of its initial price; a call would trigger a capped cash payment of $1,690 per $1,000. If not called, maturity is the stated maturity date (March 2, 2029) and payoff depends on the lesser performing index stock: upside participation of 300% if all three finish above initial prices; full principal if all are ≥50% of initial price; otherwise holders suffer downside linked to the worst performer. Underwriting discount is 2.25% and net proceeds to issuer are 97.75%.

GS Finance Corp. priced Market Linked Securities — Auto-Callable with 1-to-1 Downside Exposure linked to the lowest performing of the S&P 500®, Russell 2000® and EURO STOXX 50® with a $1,000 face amount and pricing date February 27, 2026. The securities pay no interest, may be automatically called on specified call dates for the face amount plus a fixed call premium (ranging from 16.10% to 48.30%), and otherwise pay at maturity an amount equal to $1,000 × the performance factor of the lowest performing underlier on the final calculation day (February 27, 2029), exposing holders to potential loss of some or all principal. The estimated value at pricing was approximately $949 per $1,000 face amount; original offering price is $1,000.

GS Finance Corp. offers medium-term notes linked to the Nasdaq-100 Index with a guaranteed obligation of The Goldman Sachs Group, Inc. The pricing supplement sets an aggregate face amount of $116,000, an original issue price of 100% of face amount, and an underwriting discount of 2.5%.

Payments at maturity depend on the underlier return from the trade date to the determination date: upside participation of 200% capped by a maximum upside settlement of $1,348 per $1,000 face amount; a trigger buffer level of 80% (trigger buffer amount 20%) provides protection through the buffer (absolute return if decline is within buffer), but declines beyond the buffer produce losses in direct proportion to the underlier decline. Trade date is February 27, 2026, original issue date March 4, 2026, determination date February 27, 2029 and stated maturity March 2, 2029.

GS Finance Corp. priced autocallable contingent coupon notes linked to the iShares Semiconductor ETF with original issue date March 4, 2026 and stated maturity March 4, 2030. Coupons of $45.125 per $1,000 apply quarterly if the ETF closing level is >= 75% of the initial level; automatic redemption occurs if the ETF closes >= the initial level $352.29 on a call observation date (May–Nov cadence starting August 2026). At maturity, protection thresholds: investors receive full principal if final ETF level >= 75% of initial; receive only principal (no coupon) between 65% and 75%; and suffer proportional losses below 65%, potentially losing most of the investment. The estimated value on the trade date was approximately $980 per $1,000 face amount.

GS Finance Corp. is offering autocallable EURO STOXX 50® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, include an automatic call that would pay $1,127.50 per $1,000 if the underlier closes at or above the initial level on the call observation date, and otherwise settle in cash at maturity based on the EURO STOXX 50 performance with a 200% upside participation rate and a 70% trigger buffer level. Key transaction dates disclosed include trade date March 9, 2026, original issue date March 12, 2026, call observation date March 15, 2027, call payment date March 18, 2027, determination date March 10, 2031, and stated maturity date March 13, 2031. The pricing supplement warns investors could lose their entire investment if the final underlier level is below the trigger buffer level and notes are subject to issuer and guarantor credit risk.

GS Finance Corp. offers S&P 500® Index-linked, non‑interest-bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes trade on an expected trade date of March 26, 2026, have an expected original issue date of March 31, 2026 and an expected stated maturity date of April 3, 2028.

Each note has a face amount of $1,000 (authorized denominations in $1,000) and pays at maturity either (i) if a barrier event has occurred on any trading day in the measurement period, at least $1,020 per $1,000 (a contingent return of at least 2%), or (ii) if no barrier event has occurred, $1,000 plus $1,000 times the absolute underlier return (bounded between $1,000 and $1,240, representing returns of 0% to 24%). The lower and upper barriers are 76% and 124% of the initial underlier level, respectively. The estimated value on the trade date is between $925 and $965 per $1,000 face amount.

GS Finance Corp. priced Medium-Term Notes, Series F — market‑linked, auto‑callable securities guaranteed by The Goldman Sachs Group, Inc. — linked to the lowest performing of the SPDR® Gold Trust and the iShares® Silver Trust, due March 2, 2029. Each security has a $1,000 face amount and was offered at $1,000 per security. The estimated value at pricing was approximately $892 per $1,000 face amount. The securities pay no interest, are subject to issuer/guarantor credit risk, and may be automatically called on scheduled call dates for a fixed call premium (first call premium 21.30%; increasing to 63.90% on the final call date). If not called, the maturity payment equals $1,000 × the performance factor of the lowest performing underlier on the final calculation day, giving holders 1-to-1 downside exposure (investors may lose up to 100.00% of face amount). The pricing date starting prices: SPDR® Gold Trust $483.75; iShares® Silver Trust $84.99.