Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering medium-term, S&P 500®-linked cash-settled notes guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and returns at maturity depend on the S&P 500 performance from February 27, 2026 to February 28, 2028.

If the final index level > initial, holders receive $1,000 plus 200% of the underlier return up to a $1,205 cap. If the final level is ≥ 90% of initial, holders receive the $1,000 face amount. If the final level < 90% of initial, holders incur losses proportional to the decline below the 90% buffer; substantial principal loss is possible. Original issue price equals 100% of face amount; underwriting discount 0.8%.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6). The notes are expected to trade on March 6, 2026, have an original issue date expected to be March 11, 2026, and a stated maturity expected to be March 9, 2029.

Monthly coupons (up to $10 per $1,000 per qualifying observation, i.e., 1% monthly) are payable only if the index closing level on a coupon observation date is at least 52.25% of the initial underlier level. The issuer may redeem the notes on coupon payment dates from March 2027 through February 2029 at 100% of face plus any coupon then due. At maturity, the cash payment per $1,000 is tied to the underlier return and is capped at 100% of face; large declines can cause substantial losses, including loss of principal.

The underlier applies up to 500% leverage, a daily leverage-change cap of 100%, and a daily 6.0% per annum decrement, all of which materially affect expected performance. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc. The estimated initial model value is between $925 and $955 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 17, 2036. The notes bear an interest rate of 5.00% per annum, pay interest annually each March 17 beginning March 17, 2027, and are issued in denominations of $1,000 and integral multiples.

The trade date is March 13, 2026 with an original issue date of March 17, 2026. The notes will not be listed on an exchange, will be issued in book-entry form through DTC, and use a 30/360 (ISDA) day count convention for interest calculations. The pricing supplement references FATCA withholding rules and standard distribution and resale provisions, including potential market-making resales by Goldman Sachs affiliates.

The Goldman Sachs Group, Inc. is offering $28,535,000 of Callable Fixed Rate Notes due March 3, 2035 that pay interest at 5.00% per annum from the original issue date March 3, 2026.

Interest is payable semiannually on March 3 and September 3, with the first payment on September 3, 2026. The issuer may redeem the notes in whole, not in part, on each quarterly redemption date on or after March 3, 2028, at a price equal to 100% of principal plus accrued interest, with at least five business days’ notice.

The offering price is 100% of principal; underwriting discount is 1% with proceeds to The Goldman Sachs Group, Inc. shown as $28,249,650 before expenses. The notes will be issued in book-entry form through DTC and are subject to U.S. federal tax rules including FATCA withholding.

GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due March 9, 2028 guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest, participate in upside in the S&P 500® at an upside participation rate of at least 176%, and include a 10% buffer (buffer level = 90% of the initial level; buffer rate ≈ 111.11%). If the notes are automatically called on the call observation date, holders receive $1,100 per $1,000 face amount on the call payment date. Trade date is March 6, 2026, original issue date March 11, 2026, call observation date March 19, 2027, and determination date March 6, 2028. Purchase at original issue price is 100% of face amount; underwriting discount 1.5%; net proceeds 98.5% of face amount.

GS Finance Corp. offers leveraged S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and, at maturity, return either the face amount or a participation payoff equal to the face amount plus the upside participation rate (at least 125%) times the underlier return measured from the trade date March 31, 2026 to the determination date March 31, 2031, with stated maturity on April 3, 2031.

Holders have no ownership rights in futures or underlying stocks. If the final underlier level is equal to or less than the initial level, holders receive only the face amount. Key risks disclosed include issuer and guarantor credit risk, lack of interest payments, potential negative roll yields because the underlier tracks E‑mini S&P 500 futures (not the cash index), possible market illiquidity, and tax treatment as contingent payment debt instruments.

GS Finance Corp. offers S&P 500® Futures Excess Return Index‑Linked Notes due April 3, 2031 guaranteed by The Goldman Sachs Group, Inc., with payment at maturity tied to the S&P 500 Futures Excess Return Index performance from the March 31, 2026 trade date to the March 31, 2031 determination date (terms subject to adjustment).

Each note has a $1,000 face amount. If the final underlier level exceeds the initial level, holders receive $1,000 + ($1,000 × upside participation rate × underlier return) with an upside participation rate of at least 200%. If the final underlier level is between the initial level and the trigger buffer level (70% of initial), holders receive the face amount. If the final underlier level is below the trigger buffer level, holders suffer losses equal to the underlier return times the face amount and could lose their entire investment.

GS Finance Corp. is offering leveraged equity-linked notes guaranteed by The Goldman Sachs Group, Inc. linked to the Class A common stock of Alphabet Inc. (Bloomberg: "GOOGL UW"). The notes carry an upside participation rate of 200% and a maximum settlement amount between $1,370.80 and $1,435 per $1,000 face amount.

If the final underlier level exceeds the initial level, holders receive $1,000 plus the upside participation times the underlier return, capped at the maximum settlement amount. If the final underlier level is equal to or below the initial level, holders receive $1,000 plus the underlier return and may lose 1% of face amount for each 1% decline in the underlier, potentially losing the entire investment. The notes pay no interest, have an expected term with a determination date about 13–15 months after the trade date, and are cash-settled.

GS Finance Corp. offers leveraged, buffered EURO STOXX 50® index-linked notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement at maturity tied to the EURO STOXX 50® performance from the March 26, 2026 trade date to the March 26, 2031 determination date.

Key economic terms: upside participation of at least 155.2%, a 20% buffer (buffer level = 80% of the initial underlier) and a 100% buffer rate. If the final level exceeds the initial level, holders receive $1,000 plus participation on the gain; if the final level is between the initial level and the buffer level, holders receive $1,000; if the final level declines beyond the buffer, principal declines dollar-for-dollar with the underlier loss.

GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P 500 closing level on the determination date. If the final underlier level exceeds the initial level, holders receive the face amount plus 300% participation of the underlier return subject to a maximum settlement amount of at least $1,260 per $1,000 face. If the final level is between the initial level and the buffer level (90% of initial), holders receive the $1,000 face amount. If the final level falls below the buffer level, losses are proportional: the payoff uses the buffer rate (100%) and the buffer amount (10%), which can result in a substantial loss of principal. Key dates include a trade date of March 30, 2026, original issue date of April 2, 2026, and stated maturity on April 5, 2029.

GS Finance Corp. offers index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (expected trade date March 26, 2026, expected stated maturity March 29, 2029, original issue date expected March 31, 2026) pay at maturity based on the lesser performing of the Russell 2000® and the S&P 500®. The terms include an upside participation rate set on the trade date of at least 102%, a buffer equal to 15% (buffer level = 85% of initial level), and structured downside where losses occur if the lesser performing underlier falls below the buffer level. The estimated value at terms set is $925–$955 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and the guarantor. The notes do not bear interest and may have limited secondary market liquidity.

GS Finance Corp. is offering buffered Russell 2000® index-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000, do not pay interest, and reference the Russell 2000® Index.

Payments at maturity depend on the underlier return from the trade date March 31, 2026 to the determination date March 31, 2031. A buffer of 15% (buffer level 85%) protects losses up to that decline; the maximum settlement amount is $2,630 per $1,000 face amount. If the underlier falls below the buffer, investors can lose a substantial portion of principal. The notes are cash-settled and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering callable, buffered notes linked to the S&P 500® Futures Excess Return Index that are guaranteed by The Goldman Sachs Group, Inc. The notes have a stated maturity expected to be March 31, 2031, a per-note face amount of $1,000, an upside participation rate of 160% and an 80% buffer level. The issuer may redeem the notes on scheduled call payment dates beginning in 2027 at cash amounts determined by specified call premium amounts. If not redeemed, payment at maturity depends on the index performance measured from the trade date (expected March 26, 2026) to the determination date (expected March 17, 2031), with final payments that can result in substantial losses; the estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑linked notes due, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 26, 2026 and an expected stated maturity date of March 31, 2031. For each $1,000 face amount at maturity the cash settlement is: (1) $1,000 plus 1.75× the underlier return if the final underlier level is above the initial level; (2) $1,000 if the final level is between 80% and 100% of the initial level; or (3) $1,000 plus (index return + 20%)×$1,000 if the final level is below 80% (which can produce substantial losses). The issuer may redeem the notes on specified monthly call payment dates beginning March 31, 2027; call premium amounts set on the trade date vary by date and are listed in the pricing supplement. The notes track an E‑mini S&P 500 futures‑based underlier (not the S&P 500® Index), carry issuer and guarantor credit risk, do not bear interest, and have an estimated value on the trade date between $885 and $935 per $1,000 face amount as provided in the pricing supplement.

GS Finance Corp. prices fixed‑coupon, buffered S&P 500® Volatility Plus Daily Risk Control Index‑linked notes due April 2, 2029

The notes pay a quarterly coupon of at least $14.625 per $1,000 face amount (at least 1.4625% quarterly; up to 5.85% per annum), commence coupon payments in June 2026, and settle based on the S&P 500® Volatility Plus Daily Risk Control Index (Bloomberg: SPXVPRCU). If the final index level on the determination date is ≥ 85% of the initial level, holders receive full principal; if below 85%, maturity payment is reduced by the index return per the buffer formula (buffer 15%). The estimated value on the trade date is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

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

The notes feature an upside participation rate of 125% (capped at a $1,225 maximum upside settlement per $1,000 face amount), a downside participation rate of 125%, and a buffer that protects against the first 20% decline (buffer level = 80% of the initial underlier level). Trade date is March 26, 2026, original issue date March 31, 2026, determination date March 26, 2029, and stated maturity March 29, 2029.

GS Finance Corp. is offering buffered digital notes linked to the S&P 500® Futures Excess Return Index, due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. The trade date is March 26, 2026 and determination date is March 26, 2031.

Payment at maturity is cash per $1,000 face amount and depends on the underlier return: if the final level is at or above the initial level you receive at least a $1,468 threshold settlement amount or $1,000 plus the indexed return; if the final level is below the initial level but within a 15% buffer you receive the absolute underlier return; if below the buffer you incur losses tied to the downside beyond the 15% buffer. The notes pay no interest.

GS Finance Corp. is offering autocallable, index-linked notes due April 2, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Index and the Russell 2000 Index and will pay no interest.

Key economic features: annual automatic call tests with call premiums of at least 13.5% (first call) and 27% (second call); a stated maturity premium amount of at least 40.50%; and a trigger buffer set at 80% of each initial underlier level. If not called, final cash at maturity depends solely on the lesser performing underlier and may result in complete loss of principal if that underlier falls below the trigger buffer.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index-linked notes due March 31, 2031, fully 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, if the final underlier level is greater than the initial level, $1,000 plus the face amount multiplied by the upside participation rate and the underlier return. The upside participation rate is set at least at 109.7%. The trade date is March 26, 2026, the original issue date is March 31, 2026, and the determination date is March 26, 2031. The underlier tracks E-mini S&P 500 futures (Bloomberg symbol: "SPXFP Index"), not the S&P 500® Index; negative roll yields, futures financing costs and market disruptions can reduce the underlier level and therefore the cash payable at maturity. The notes are subject to the credit risk of the issuer and guarantor and to special U.S. federal tax rules for contingent payment debt instruments.

GS Finance Corp. is offering leveraged buffered S&P 500® Futures Excess Return Index‑linked notes due March 31, 2031, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and settles in cash based on the underlier measured from the trade date to the determination date.

Key terms expected: trade date March 26, 2026, upside participation rate at least 146.7%, buffer level 70% (buffer amount 30%), buffer rate 100%. Notes pay no interest. If the final underlier level is above the initial level, holders receive $1,000 plus the upside participation times the underlier return. If the final level is between the buffer level and initial level, holders receive the face amount. If the final level is below the buffer level, holders suffer a pro rata loss; hypothetical examples show cash settlement as low as 30.000% of face at a 0% final underlier level. Investors bear the credit risk of the issuer and guarantor, and the underlier is linked to E‑mini S&P 500 futures (not the cash S&P 500® Index), exposing holders to roll/financing effects and potential negative roll yields.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked medium-term notes due April 5, 2029. Each $1,000 note pays no interest and will settle in cash at maturity based solely on the lesser performing underlier of the Russell 2000® and the S&P 500®. If both final underlier levels are greater than or equal to their initial levels, holders receive the maximum settlement amount (at least $1,217.50 per $1,000 face). If the final level of any underlier is below its initial level, holders receive the face amount of $1,000.

Key dates: trade date March 31, 2026, original issue date April 6, 2026, determination date April 2, 2029. The notes are subject to issuer and guarantor credit risk, limited upside by the cap, and special U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. offers Buffered S&P 500® Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and are referenced to the S&P 500® Index. Trade date is March 31, 2026 and stated maturity is April 3, 2031. The notes pay no interest and repay a cash settlement at maturity that depends on the underlier return: full participation of at least 100% on upside; a 15% buffer (buffer level 85%) that preserves principal if the underlier falls up to 15%; losses occur for declines beyond the buffer, with the hypothetical examples showing material principal loss at deep declines.

GS Finance Corp. is offering S&P 500® Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and repay the $1,000 face amount at maturity if the final index level is equal to or below the initial level. If the S&P 500 closes above the initial level on the determination date, the cash payment equals the face amount plus the underlier return, capped at a maximum settlement amount of at least $1,440 per $1,000 face amount. Trade date is March 31, 2026, original issue date April 6, 2026, determination date March 31, 2031, and stated maturity date April 3, 2031. Key terms will be set on the trade date and the estimated value per GS&Co.’s pricing models is lower than the original issue price; secondary market liquidity and the notes’ value will be influenced by the issuer and guarantor creditworthiness and market factors.

GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due March 29, 2029 guaranteed by The Goldman Sachs Group, Inc.. The cash payment at maturity depends on the index return from the trade date to the determination date.

If the final index level is greater than the initial index level, holders receive $1,000 plus $1,000 × the upside participation rate × the index return (the upside participation rate is at least 320%). If the final index level is equal to or less than the initial index level, holders receive the face amount of $1,000. The index is subject to a 0.65% per annum deduction and may allocate substantial exposure to cash positions. Credit risk remains with the issuer and guarantor; trade date is March 26, 2026.

GS Finance Corp. is offering leveraged buffered EURO STOXX 50® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; cash at maturity depends on the EURO STOXX 50 performance from the trade date to the determination date.

Key economics shown: an upside participation rate of at least 160%, a buffer equal to 25% (buffer level at 75% of initial level) and a buffer rate of 100%. If the index ends below the buffer level, investors can lose a substantial portion of principal; purchasers are also exposed to issuer and guarantor credit risk.

GS Finance Corp. is offering Market Linked Securities — auto-callable, leveraged upside participation notes linked to the Class A common stock of CoreWeave, Inc. Each security has a $1,000 face amount; the original offering price is $1,000 and the estimated value at pricing is between $890 and $920 per $1,000 face amount. The starting price is $79.56 (set on the strike date February 27, 2026), the pricing date is March 3, 2026, the automatic call date is March 8, 2027, and the stated maturity is March 8, 2029.

The notes provide 170.00% upside participation if not called, an automatic call feature that pays at least a 50.00% call premium if the call threshold (69% of the starting price) is met on the call date, and a threshold price equal to 60% of the starting price (a 40% decline). If the ending price is below the threshold price, holders have 1-to-1 downside exposure and may lose up to 100% of principal. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; all payments are subject to issuer/guarantor credit risk.

GS Finance Corp. issues callable S&P 500® index-linked notes due March 31, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 26, 2026 and an original issue date of March 31, 2026. They pay no interest and participate at an upside participation rate of 100% in positive S&P 500 performance measured from the initial level on the trade date to the final level on the determination date.

At maturity each $1,000 face amount pays $1,000 plus the product of $1,000 and the index return if positive; otherwise $1,000. The issuer may redeem in whole on specified monthly call payment dates beginning March 31, 2027 at 100% plus a call premium set on the trade date as shown in the call premium table. The estimated value on the trade date is between $885 and $935 per $1,000 face amount. Payment is subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering $ Buffered S&P 500® Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and have a stated maturity of March 11, 2031 with a determination date of March 6, 2031. For each $1,000 face amount, the cash settlement at maturity varies by S&P 500 performance: full participation in positive returns up to a maximum upside settlement amount of $2,020, an absolute positive return if the index declines up to the 20% buffer (buffer level = 80% of the initial level), and a proportional loss if the index falls more than the buffer. The initial underlier level, final underlier level, and exact issue price will be set on the trade date. Investors remain exposed to issuer and guarantor credit risk and may lose a substantial portion of principal if the final underlier level is below the buffer.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due March 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry a 125% upside participation rate, a 15% buffer (buffer level = 85% of the initial level) and an automatic-call feature on March 12, 2027. If automatically called, the payment would be $1,128 per $1,000 face amount. If not called, maturity payoff depends on final index performance and may result in a complete loss of principal; tax treatment is uncertain.

GS Finance Corp. is offering structured, non‑interest bearing notes with an aggregate face amount of $4,778,000 linked to the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF. The cash settlement at the stated maturity date of March 1, 2030 depends on the lesser performing underlier: full face amount is returned if both underliers finish at or above 85% of their initial levels; an upside payout applies if both finish above their initial levels (upside participation rate 206.3% times the lesser performing underlier return); if the lesser performing underlier finishes below its buffer level, investors lose 1% of face amount per 1% decline below the buffer (buffer amount 15%, buffer rate 100%). The notes do not pay interest and are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured notes due March 2, 2028 linked to the S&P 500® Index, the SPDR® Gold Trust and the iShares® Silver Trust. Coupons of $14.792 per $1,000 (1.4792% monthly; ~17.75% annualized) are paid on a coupon payment date only if the closing level of each underlier is at least 60% of its initial level on the related coupon observation date. The notes are automatically called early if, on any quarterly call observation date, each underlier is at or above its initial level; call observation dates occur in 2027 and a call payment follows the observation. At maturity (if not called), the cash payment per $1,000 depends solely on the lesser performing underlier: if every underlier is >= 60% of its initial level you receive $1,000 plus any final coupon; if any underlier is 60% you receive $1,000 adjusted by the lesser performing underlier return and no coupon, which can result in a loss of principal (potentially all invested capital). The prospectus discloses the estimated value on the trade date is approximately $934 per $1,000 face amount and highlights the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-protected-style contingent notes tied to the common stock of Amazon.com, Inc. The offering aggregates $349,000 face amount in notes with a $1,000 face amount per note, original issue price 100% of face and net proceeds of 99.2% of face. The notes mature on March 2, 2028 (determination date February 28, 2028), pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc. Cash at maturity depends on the underlier return: an upside participation rate of 150% subject to a maximum cash cap of $1,357.50 per $1,000; a 20% buffer (buffer level = 80% of initial level) such that declines up to 20% produce a positive absolute return, and declines beyond the buffer produce losses tied to the underlier decline. The initial underlier level is $207.92. Underwriting discount is 0.8%. Terms are subject to adjustment as described in the general terms supplement.

The Goldman Sachs Group, Inc. is offering CAD 2,750,000,000 of senior notes in two series: CAD 1,750,000,000 3.641% notes due March 5, 2032 and CAD 1,000,000,000 4.340% notes due March 5, 2037. Each series pays a fixed rate through a specified fixed-rate period beginning March 5, 2026, then converts to a Compounded CORRA-based floating rate in the final year before maturity.

The offering price is 100.000% of principal; underwriting discounts are 0.350% (2032) and 0.400% (2037), with proceeds to the issuer of CAD 1,743,875,000 and CAD 996,000,000 respectively. Notes settle through CDS on March 5, 2026 in minimum denominations of CAD 100,000.

The Goldman Sachs Group, Inc. is offering $50,000,000 of fixed and floating rate notes due April 2, 2027. Each note has a $1,000 principal denomination. Interest is fixed at 4.30% per annum from March 2, 2026 to but excluding July 2, 2026, then switches to compounded SOFR plus a 0.15% spread (floored at 0.00%) through the stated maturity. The original issue date is March 2, 2026, original issue price is 100% of principal, underwriting discount is 0.03%, and net proceeds to the issuer are 99.97% of principal.

GS Finance Corp. is offering $ Buffered Nasdaq-100 Index®-linked notes due March 11, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. The cash payment at maturity depends on the Nasdaq-100 performance versus the initial level set on the trade date, with a 2020% buffer (buffer level = 8080% of initial) and a maximum upside settlement amount of $1,770. If the final underlier level is down by no more than the buffer amount, holders receive the absolute underlier return; if the final level falls below the buffer level, holders incur losses tied to the decline beyond the buffer. The trade date is March 6, 2026 and the original issue date is March 11, 2026.

GS Finance Corp. is offering $ Leveraged Buffered S&P 500® Index‑Linked Notes due April 4, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are linked to the S&P 500 (Bloomberg: SPX Index).

Payment at maturity depends on the underlier return from the trade date to the determination date (April 1, 2030): an upside participation rate of 200% applies when the final level is at or above the initial level but cash is capped at a maximum upside settlement amount of at least $1,355 per $1,000 face amount. A 10% buffer (buffer level = 90% of initial) means declines up to 10% produce a positive cash payoff equal to the absolute decline; declines beyond the buffer produce losses pro rata to the decline. The notes may be adjusted per the general terms supplement and are subject to issuer/guarantor credit risk and limited secondary‑market liquidity.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.15% per annum from and including the expected original issue date of March 17, 2026 to but excluding the expected stated maturity date of September 17, 2029. Interest is payable annually on each expected March 17 and on the stated maturity date, with the first payment expected on March 17, 2027.

The notes are callable at the issuer’s option, in whole but not in part, on expected quarterly redemption dates beginning on or after March 17, 2027, at a redemption price equal to 100% of principal plus accrued interest. The offering will settle through DTC and is being distributed by Goldman Sachs & Co. LLC and InspereX LLC under the terms summarized in the pricing supplement.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2028 guaranteed by The Goldman Sachs Group, Inc. The notes provide 150% upside participation in positive S&P 500 performance up to a maximum cash settlement of $1,183 per $1,000. They include a 10% buffer (buffer level = 90% of the initial underlier level) such that declines in the underlier up to 10% produce a positive absolute return on the notes, while declines beyond the buffer produce pro rata losses to principal. The notes pay no interest. Key dates shown in the pricing supplement include a trade date of February 27, 2026, original issue date of March 4, 2026, determination date of February 28, 2028 and stated maturity of March 2, 2028. The initial underlier level, issue price and certain distribution economics will be set on the trade date.

GS Finance Corp. is offering leveraged, S&P 500® Futures Excess Return Index-linked, non-interest-bearing notes due expected March 2, 2029, guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 face amount pays at maturity based on the underlier return measured from an initial underlier level (the lowest closing level during the observation period through April 27, 2026) to the final underlier level on the determination date (expected February 27, 2029). Upside returns use a participation rate of 1.087 (listed as an upside participation rate of 108.7%); downside returns can be negative and you could lose your entire investment. The estimated value on the trade date is $925 to $955 per $1,000. Terms are subject to market disruption, successor-underlier adjustments, and the issuer and guarantor credit risk.

GS Finance Corp. offers callable, buffered notes linked to the VanEck Semiconductor ETF (SMH) maturing January 8, 2029. Each note has a $1,000 face amount, a quarterly coupon of at least $36.25 ( 3.625% quarterly; 14.5% annualized) payable only if the ETF closing level on observation dates is at least 80% of the initial level. The notes include a 20% buffer: at maturity investors receive $1,000 if the final ETF level is >= 80% of the initial level; if below, the payout equals $1,000 times (ETF return + 20%), which can result in meaningful principal loss. The issuer may redeem notes on quarterly coupon dates beginning October 2026. The estimated value on the trade date is between $925 and $965 per $1,000 face amount.

GS Finance Corp. offers $-buffered digital equity-linked notes due March 31, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is tied to the performance of the Class A common stock of Strategy Inc (Bloomberg: MSTR UW) between February 26, 2026 and the determination date, with a 40% buffer (buffer level = 60% of the initial level) and a capped maximum settlement amount of $1,360 per $1,000 face amount. The notes pay no interest, expose holders to issuer/guarantor credit risk, and may result in the loss of principal if the final underlier level falls below the buffer level.

GS Finance Corp. offers Autocallable Leveraged Index Return Notes® linked to NVIDIA Corporation, guaranteed by The Goldman Sachs Group, Inc. The notes have a $10 principal per unit, a scheduled maturity of approximately two years (due March 2028), and an automatic call observation about one year after pricing.

If not called, holders receive 150.00% participation in upside. A capped absolute-return feature gives a positive payment for declines up to 30.00% (Threshold Value = 70.00% of Starting Value); declines beyond that expose holders 1-for-1 to losses, with up to 100.00% principal at risk. The estimated value at pricing is expected to be between $9.25 and $9.55 per $10 unit; the public offering price is $10.00. Minimum initial purchase is $100,000. All payments are subject to issuer and guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. priced a new structured note offering: Trigger Autocallable GEARS linked to the S&P 500®, guaranteed by The Goldman Sachs Group, Inc. The terms include an autocall barrier at 100.00% of the initial index level, a call return of 8.00%, an upside gearing expected between 1.58 and 1.78, and a downside threshold at 75.00% of the initial index level.

Key dates: trade date March 13, 2026, original issue date March 17, 2026, call observation date March 22, 2027, determination date March 13, 2031, and stated maturity date March 17, 2031. Original issue price is 100.00% of face amount with an underwriting discount of 2.50%; estimated value per $10 face amount is between $9.40 and $9.70. Minimum purchase is $1,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed notes linked to the S&P 500® Index maturing September 8, 2031. The notes pay no interest and determine payment at maturity by comparing an initial index level (arithmetic average during the initial averaging period from February 24, 2026 to May 1, 2026) to a final index level (arithmetic average during the final averaging period from June 4, 2031 to September 3, 2031), subject to adjustments for market disruption events.

Key terms include a contingent payment of $12.64, a buffer of 13.00% (buffer level 87.00% of the initial level), a downside threshold of 74.00%, a downside multiplier of 2.00, maximum upside gearing 1.478, minimum upside gearing 0.8, cap level ≈ 161.001% and a maximum settlement amount of $18.70 per $10 face amount. The estimated value on the trade date is approximately $9.97 per $10 face amount; original issue price is 100.00%, underwriting discount 0.25%, net proceeds 99.75%. These notes are unsecured obligations, not FDIC insured, and payments are subject to issuer and guarantor credit risk and calculation agent determinations.

GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to an equally weighted basket of 12 stocks, with an expected trade date of March 11, 2026 and an expected stated maturity date of March 16, 2028.

Each $1,000 face amount pays based on the basket return with a buffer at 85% of the initial level (protecting declines up to 15%), an upside cap level at 125.75%, and a maximum settlement amount of $1,257.5 per $1,000. The estimated value at term‑setting is between $925 and $955 per $1,000.

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the common stock of Intel Corporation (Bloomberg: INTC UW). Key economic terms set on the trade date include an initial index stock price of $45.46, upside gearing 1.50, downside threshold 70.00%, and a call return of 42.80%. The securities have a face amount of $10 per security, an original issue price of 100.00% of face (underwriting discount 2.50%), and an estimated value on the trade date of $9.40–$9.70 per $10 face amount.

The timeline: strike date February 26, 2026, trade date February 27, 2026, original issue date March 3, 2026, call observation date March 5, 2027 (call payment March 10, 2027), determination date February 26, 2029, and stated maturity March 1, 2029. Payments (including principal) depend on the final index stock price and are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured, autocallable notes linked to an equally weighted basket of Amazon, Shopify and Toast common stock. The notes have a stated maturity of February 27, 2031, an automatic call if the basket closing level on the call observation date (March 3, 2027) is >= the initial level, and a capped call payment of $1,200 per $1,000 face amount if called.

The notes use an initial basket level of 100, an upside participation rate of 140%, and a trigger buffer level of 60% (i.e., 60 of the initial level). If not called, at maturity holders receive: (i) $1,000 plus $1,000×140%×basket return if the basket return >= 0; (ii) $1,000 if basket return is negative but >= -40%; or (iii) $1,000×(1 + basket return) if basket return < -40%, which can result in losses exceeding 40%. The aggregate original face amount was $1,296,000 and the estimated value at pricing was approximately $974 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 19, 2029 with an interest rate of 4.00% per annum. The trade date is March 13, 2026 and the original issue date is March 17, 2026. Notes will be issued in denominations of $1,000 and integral multiples, pay interest each March 17 and September 17 (with the March 2029 payment on the maturity date), and will be issued in book-entry form through DTC.

Interest accrual uses the 30/360 (ISDA) day count convention. The notes will not be listed on an exchange, will be issued under the senior debt indenture, and Goldman Sachs & Co. LLC is the calculation agent and expected underwriter. The original issue price and certain concessions to fee-based accounts are described in the pricing supplement; specific aggregate offering amounts are set on the trade date.

GS Finance Corp. is offering senior, equity-index-linked medium-term notes due April 6, 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes have a 100.00% upside participation rate and a maximum return of at least 25.50%, producing a maximum maturity payment of at least $1,255.00 per $1,000 face amount. The pricing date is March 30, 2026 and original issue date is April 2, 2026. Investors receive the face amount at maturity if the EURO STOXX 50® ending level is less than or equal to the starting level, but all payments are subject to the issuer’s and guarantor’s credit risk. The original offering price is $1,000 per note; GS&Co. estimates the notes' modeled value at pricing between $925 and $955 per $1,000 face amount.