Goldman Sachs Group Inc. 424B Filings

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.

GS Finance Corp. offers structured notes linked to the iShares4 Bitcoin Trust ETF with The Goldman Sachs Group, Inc. as guarantor. The notes have an initial underlier level of $37.19, a stated maturity of March 4, 2031, and monthly observation dates commencing March 2026.

Coupons of $16.042 per $1,000 face amount accrue only when the ETF closing level on an observation date is at least 80% of the initial level; automatic call can occur on call observation dates if the ETF closing level is at or above the initial level. Final principal at maturity depends on the ETF return versus trigger buffer levels of 80% and 60%. The estimated value at pricing was approximately $972 per $1,000 face amount.

GS Finance Corp. is offering $6,356,000 aggregate of Dual Directional Buffered PLUS linked to the Russell 2000® Index, maturing March 3, 2028. Each Buffered PLUS provides 150% leveraged upside up to a $1,189 cap per $1,000, a 15.00% buffer on losses, and a minimum payment of $150 per $1,000.

The pricing date is February 27, 2026, original issue date March 4, 2026. The estimated model value at pricing is approximately $964 per $1,000; original issue price is 100% with a 2.50% underwriting discount. Payments at maturity depend solely on the index closing value on the valuation date (February 29, 2028), and all payments are subject to the issuer and guarantor credit risk.

GS Finance Corp. launches principal‑protected‑style structured notes linked to a weighted basket of Micron (40%), Microsoft (30%) and Meta (30%). The notes mature on March 2, 2029 and may be automatically called on observation dates beginning March 1, 2027 with specified call premiums.

Payoff: if the final basket level ≥ initial (100) the maturity payment equals $1,661.50 per $1,000 (maturity premium 66.15%); if final basket level is between 70% and 100% you receive $1,000 per $1,000; if final basket level < 70% you receive $1,000 × (1 + basket return), which can result in losses greater than 30%. Estimated value at pricing was approximately $965 per $1,000. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering notes with an aggregate face amount of $500,000 under a Pricing Supplement dated February 27, 2026. The notes are non‑interest bearing, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes reference the S&P 500® Futures Excess Return Index with an upside participation rate of 215%, a trigger buffer level of 60% of the initial underlier level (initial underlier level 557.04). If the notes are automatically called based on the call observation date, the issuer will pay $1,120 per $1,000 face amount on the call payment date. If not called, maturity payments depend on the final underlier level on the determination date (February 27, 2031) and can result in a complete loss of principal if the final level is below the trigger buffer. The notes mature on March 4, 2031 and were issued at 100% of face amount with a 1% underwriting discount.

GS Finance Corp. is offering $762,000 aggregate face amount of callable, contingent-coupon notes due December 4, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the VanEck Semiconductor ETF (SMH) with an initial underlier level of $406.37.

Coupons of $31.25 per $1,000 (3.125% quarterly; 12.5% per annum) will be paid on a coupon payment date only if the ETF closing level on the related coupon observation date is at least 80% of the initial level. At maturity, holders receive $1,000 if the final ETF level is at or above 80% of the initial level; otherwise the cash settlement amount is reduced according to the disclosed buffer formula. The issuer may redeem notes on quarterly coupon dates from September 2026 through September 2028 at 100% of face plus any coupon then due. The pricing supplement states an estimated value of approximately $958 per $1,000 face amount on the trade date. The payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering notes with an aggregate face amount of $6,668,000, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 and Russell 2000 indices, have no periodic interest, and may be automatically called on specified annual observation dates.

If not called, the cash settlement at maturity (stated maturity March 2, 2029) depends solely on the lesser performing underlier. The maturity date premium amount is 22.95%; call premiums are 7.65% (first call) and 15.3% (second call). Trade date is February 27, 2026.

GS Finance Corp. is offering structured notes with an aggregate face amount of $3,923,000 that mature on March 4, 2031. The notes reference the Dow Jones Industrial Average, the Russell 2000 and the S&P 500.

Coupons are contingent quarterly payments of $16.625 per $1,000 (1.6625% quarterly, up to 6.65% per annum) payable only if each underlier meets its coupon trigger (70% of initial). The notes feature an automatic call if all underliers reach their initial levels on a call observation date. At maturity, if not called, principal repayment is tied to the lesser performing underlier; a final underlier below 55% of its initial level can produce a substantial loss, including a total loss of principal.

GS Finance Corp. is offering $257,000 aggregate face amount of medium‑term notes linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and return at maturity is cash‑settled based on the underlier performance from the trade date to the determination date.

If the final underlier level is ≥ the initial level (initial = 557.04), the payoff equals principal plus 114% upside participation of the underlier return. If the final level is below the initial but ≥ the buffer level (80%), the payoff equals principal plus the absolute underlier return. If the final level is below the buffer level, losses occur pro rata and could materially reduce the principal. The stated maturity date is March 2, 2029 (determination date: February 27, 2029), and payments are subject to issuer and guarantor credit risk.

GS Finance Corp. offers $3,061,000 aggregate face amount of index-linked notes due March 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the lesser performing of the S&P 500® and Russell 2000® measured from the trade date February 27, 2026 to the determination date February 28, 2028. For each $1,000 face amount, payment at maturity depends on the lesser performing underlier return, the 102% upside participation rate, and a 75% trigger buffer level.

The pricing supplement shows an original issue price of 100%, an underwriting discount of 0.8%, net proceeds of 99.2%, and an estimated value at pricing of approximately $973 per $1,000 face amount.

GS Finance Corp. is offering Leveraged S&P 500® Futures Excess Return Index‑Linked Notes due 2029 with an aggregate face amount of $2,674,000, guaranteed by The Goldman Sachs Group, Inc. The notes mature on March 2, 2029 (determination date February 27, 2029) and pay no interest; the payment at maturity depends on the performance of the S&P 500® Futures Excess Return Index measured from an initial underlier level (the lowest closing level during the observation period from February 27, 2026 through April 27, 2026) to the final underlier level on the determination date. If the final level exceeds the initial level, holders receive face amount plus an upside participation rate of 108.7% times the index return; if not, holders may lose principal. The estimated value on the trade date was approximately $955 per $1,000 face amount; the original issue price is 100% with a 3.5% underwriting discount and net proceeds of 96.5%.

GS Finance Corp. offers stated-maturity, non‑interest bearing structured notes guaranteed by The Goldman Sachs Group, Inc. Each note’s cash payoff at the March 4, 2031 maturity depends on the performance of the S&P 500® Futures Excess Return Index from the trade date to the February 27, 2031 determination date.

If the final underlier level is above the initial level, holders receive the face amount plus 200% participation in the underlier return. If the final level falls to 70% or above of the initial level, holders receive the face amount. If the final level is below 70% of the initial level, holders suffer losses equal to the underlier return times the face amount and could lose their entire investment. The notes were issued at 100% of face amount with an underwriting discount of 1.125%.

GS Finance Corp. is offering autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due March 11, 2033, guaranteed by The Goldman Sachs Group, Inc.. The notes have a 100% upside participation rate, annual automatic call features beginning with a March 8, 2027 observation, and an estimated trade-date value of $850 to $880 per $1,000 face amount. Key dates: trade date March 6, 2026, original issue date March 11, 2026, determination date March 4, 2033. If not called, maturity payoff equals $1,000 plus upside participation on positive index return, otherwise $1,000 if index return is zero or negative. The index applies a 0.65% per annum deduction, a 5% volatility control and momentum controls that can reallocate exposure to cash positions. Investors are exposed to issuer and guarantor credit risk and should review the tax treatment as contingent payment debt instruments.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Vertiv Holdings Co. (Bloomberg ticker "VRT UN") and include an automatic call feature, contingent quarterly coupons and principal payoff formulas tied to the underlier's performance.

Key disclosed terms include a trade date of March 6, 2026, original issue date March 11, 2026, stated maturity March 25, 2027, coupon trigger level and buffer level equal to 65% of the initial underlier level, a buffer amount of 35%, a buffer rate of approximately 153.85%, an illustrative coupon accrual component of $54.25 per coupon observation increment, an original issue price of 100% of face amount, underwriting discount of 1%, and net proceeds of 99% of face amount.

GS Finance Corp. offers Market Linked Securities — Leveraged Upside Participation and Contingent Downside Principal at Risk linked to the EURO STOXX 50® Index with an original offering price of $1,000 per security and total original offering amount of $2,705,000. The securities are guaranteed by The Goldman Sachs Group, Inc. and mature on August 30, 2029 (calculation day August 27, 2029), subject to postponement.

The payout profile provides 163% upside participation if the ending level exceeds the starting level and full principal protection only if the underlier does not fall by more than the 25% threshold; losses are 1-to-1 below the threshold and investors may lose up to 100% of the face amount. The estimated value at pricing was approximately $964 per $1,000 face amount; underwriting discount was 2.825%.

GS Finance Corp. is offering S&P 500® Index‑linked notes due in March 2027, fully guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and return is based on the S&P 500 performance between the trade date and the determination date.

For each $1,000 face amount, the cash settlement at maturity will be: (1) $1,000 + ($1,000 × underlier return) if the final level is ≥ initial level (capped at $1,100); (2) $1,000 + ($1,000 × absolute underlier return) if the final level is below initial but ≥ the trigger buffer level (expected ≤ 79.80% of initial); or (3) $1,000 + ($1,000 × underlier return) if the final level is below the trigger buffer level, which can cause loss of principal (the example shows a full loss if the underlier falls to very low levels). Trade date is March 6, 2026, original issue date is March 11, 2026, determination date is March 19, 2027 and stated maturity is March 24, 2027. The original issue price is 100% of face, underwriting discount 1%, net proceeds 99%. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., market‑value volatility, limited upside (cap at $1,100 per $1,000), and tax characterization risks described in the supplement.

The pricing supplement describes GS Finance Corp. medium‑term notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The issuance totals $360,000 aggregate face amount and offers a 300% upside participation rate. The notes have a trade date of February 27, 2026, an original issue date of March 4, 2026, a stated maturity of March 6, 2029 and an automatic call if the index closes at or above the initial level on the call observation date.

Per $1,000 face amount, the estimated value on the trade date is $955, the additional amount is $45 through May 26, 2026, and an automatic call (if triggered) pays $1,080 on the call payment date. If not called, maturity payoffs depend on index performance with downside protection to return of principal ($1,000) if the final index level is at or below the initial index level. The notes do not pay interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-at-risk, S&P 500®-linked notes with an aggregate face amount of $769,000. Each $1,000 note pays no interest and settles in cash at maturity based on the S&P 500® performance from the trade date to the determination date.

If the final underlier level is greater than or equal to the trigger buffer level (the trigger buffer is 85% of the initial level), holders receive the maximum settlement amount of $1,177.50 per $1,000 face amount. If the final underlier level is below that buffer, the cash payment equals $1,000 + ($1,000 × underlier return), exposing holders to losses up to the entire investment. Trade date is February 27, 2026, original issue date March 4, 2026, determination date February 28, 2028, and stated maturity March 2, 2028.

GS Finance Corp. is offering structured notes tied to the S&P 500® Futures Excess Return Index with an aggregate face amount of $1,616,000. Each $1,000 face amount returns $1,000 plus 179% of the underlier return if the final underlier level is above the initial level.

The notes mature on March 4, 2031 (determination date February 27, 2031), do not pay interest, and include a 20% buffer: investors receive the face amount if the final level is ≥ 80% of the initial level, but will suffer proportional losses if the final level declines by more than the buffer. The underlier is linked to E‑mini S&P 500 futures, not the S&P 500® Index, so roll yields and futures financing costs can materially affect payments. Payments are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., exposing investors to issuer and guarantor credit risk.

GS Finance Corp. is offering callable notes due March 2, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the iShares® MSCI Emerging Markets ETF (ticker EEM); the initial underlier level is $62.58 (trade date February 27, 2026).

Key economic terms: upside participation rate 150%; trigger buffer level 50% of the initial level; estimated value ≈ $962 per $1,000 face amount on the trade date; original issue price 100%; underwriting discount 0.5%. The issuer may redeem in whole on scheduled monthly call payment dates beginning March 2027 with specified call premiums through February 2029.

GS Finance Corp. is offering linked, non‑interest bearing notes with an aggregate face amount of $40,000 tied to the S&P 500® Index. The notes have a trade date of February 27, 2026, an original issue date of March 4, 2026, a determination date of February 27, 2031 and a stated maturity date of March 4, 2031 (subject to adjustment).

At maturity, each $1,000 face amount pays either: (i) $1,000 plus the underlier return (capped at a $1,955 maximum settlement amount); (ii) $1,000 if the final level is at or above the 85% buffer level; or (iii) a reduced cash amount that declines 1% of face for each 1% the final underlier is below the buffer, using a 15% buffer and a 100% buffer rate. The original issue price is 100% of face; underwriting discount 1.125%; net proceeds 98.875% of face.