Goldman Sachs Group (GS) 424B Filings

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.

GS Finance Corp. is offering contingent‑coupon, equity‑linked notes tied to Coinbase Class A (COIN). Each $1,000 note pays a contingent monthly coupon of $25.834 if the underlier closes >= 60% of the initial level on the observation date. At maturity, if the final underlier level is >= the 50% trigger buffer level, holders receive $1,000; if below, the cash settlement equals $1,000 + ($1,000 × underlier return), so investors can lose up to their entire investment. The notes may be redeemed at issuer option on coupon payment dates beginning in September 2026. Trade date: February 25, 2026; original issue date: March 2, 2026; stated maturity: September 2, 2027. Aggregate face amount shown: $398,000. Calculation agent: Goldman Sachs & Co. LLC.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due March 17, 2033. The notes pay interest at an expected rate of 4.50% per annum, accrue using the 30/360 (ISDA) convention, and pay interest semiannually each March 17 and September 17 beginning September 17, 2026. The trade date is March 13, 2026 and the original issue date is March 17, 2026. Denominations are $1,000 and integral multiples thereof. The notes will be issued in book-entry form under a master global note, will not be listed on an exchange, and name Goldman Sachs & Co. LLC as calculation agent. The original issue price may vary for certain fee-based advisory accounts, and distribution and resale are subject to stated regional restrictions and FINRA Rule 5121 conflict‑of‑interest procedures.

GS Finance Corp. offers $7,500,000 aggregate face amount of market-linked notes due February 27, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes return the face amount at maturity if the final basket level is equal to or below the initial level; positive returns equal the basket return times a 108.50% participation rate. The underlying basket is unequally weighted: EURO STOXX 50 (40.00%), Nikkei 225 (25.00%), FTSE 100 (17.50%), Swiss Market Index (10.00%) and S&P/ASX 200 (7.50%). Trade date is February 26, 2026; original issue price is $1,000 per note (100.00%), estimated value ~$960 per $1,000, underwriting discount 3.50%.

The Goldman Sachs Group, Inc. is offering fixed rate notes due March 17, 2031 with an interest rate of 4.25% per annum. The pricing supplement cites a trade date of March 13, 2026 and an original issue date of March 17, 2026. Notes will be issued in denominations of $1,000, pay interest semiannually on March 17 and September 17, and will not be listed on an exchange. The notes will be issued in book-entry form through DTC, calculated on a 30/360 (ISDA) day count, and will be sold initially by Goldman Sachs & Co. LLC under a distribution arrangement described in the supplement.

The Goldman Sachs Group, Inc. is issuing fixed rate medium-term notes totaling $3,000,000 under its Series N program. The notes carry a 5.00% annual interest rate, pay interest annually on February 27 beginning February 27, 2027, and mature on March 1, 2038.

The original issue price is 100% of principal with underwriting discount of 0.65%, producing net proceeds to the issuer of 99.35% of principal. The notes will be issued in book-entry form through DTC and will not be listed on any exchange.

The Goldman Sachs Group, Inc. is offering $41,000,000 of Callable Fixed Rate Notes due 2036. The notes pay $5.10% per annum from and including the original issue date February 27, 2026 to but excluding the stated maturity date February 12, 2036. Interest is payable annually each February 27, commencing February 27, 2027. The issuer may redeem the notes in whole, but not in part, on each redemption date on or after August 27, 2027, at a price equal to 100% of principal plus accrued interest. The offering was initially allocated between Goldman Sachs & Co. LLC and InspereX LLC and is a new issue with no listing.

The Goldman Sachs Group, Inc. is offering $10,000,000 of callable fixed rate notes due February 12, 2041 with an interest rate of 5.40% per annum, original issue date February 27, 2026 and annual interest payments each February 27 starting February 27, 2027.

The notes may be redeemed in whole, not in part, on each scheduled redemption date on or after August 27, 2028 (quarterly on Feb 27/May 27/Aug 27/Nov 27) at a price equal to 100% of principal plus accrued interest. Initial price to public is 100% of principal; underwriting discount is 2.175%.

The Goldman Sachs Group, Inc. is offering $11,000,000 of Callable Fixed Rate Notes due February 27, 2030. The notes pay interest at 4.375% per annum from the original issue date February 27, 2026, with semiannual payments on February 27 and August 27.

The issuer may redeem the notes in whole, on each redemption date on or after February 27, 2028, at 100% of principal plus accrued interest with at least five business days’ notice. The initial public price is 100% of principal, underwriting discount 0.354%, and proceeds before expenses to the issuer of $10,961,060.

The Goldman Sachs Group, Inc. is offering $10,000,000 of Callable Fixed Rate Notes due February 27, 2031. The notes pay interest at 4.70% per annum from the original issue date February 27, 2026, with semiannual payments on February 27 and August 27, beginning August 27, 2026.

The issuer may redeem the notes in whole, but not in part, on each redemption date (each Feb. 27, May 27, Aug. 27 and Nov. 27 on or after Feb. 27, 2027) at 100% of principal plus accrued interest, subject to at least five business days’ prior notice. The initial price to public is 100% of principal and underwriting discount is 0.38%.

The Goldman Sachs Group, Inc. is offering $63,000,000 of callable fixed rate notes due February 27, 2034. The notes pay interest at 5.00% per annum from and including the original issue date February 27, 2026, payable semiannually each February 27 and August 27, with the first payment on August 27, 2026.

The notes are callable in whole (but not in part) on each redemption date — February 27, May 27, August 27, and November 27 on or after February 27, 2028 — at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The offering settles through DTC on February 27, 2026.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $25,117,000, bearing interest at 4.00% per annum from the original issue date to the stated maturity date. The notes mature on February 27, 2029 and pay interest semiannually on the 27th of February and August, commencing on August 27, 2026.

The notes will be issued at an original issue price of 100% with an underwriting discount of 0.382%, resulting in net proceeds to the issuer of 99.618% of principal. They will be issued under the senior debt indenture and in book-entry form through DTC, will not be listed on any exchange, and use the 30/360 (ISDA) day count convention for interest calculations.

The Goldman Sachs Group, Inc. is offering $77,000,000 of Callable Fixed Rate Notes due February 12, 2031 paying 4.50% interest per annum from the original issue date February 27, 2026. Interest is payable annually on each February 27 and at maturity, beginning on February 27, 2027. The notes are callable at the issuer's option in whole (but not in part) on scheduled redemption dates beginning February 27, 2027, at a price equal to 100% of principal plus accrued interest, with at least five business days’ notice. The initial public offering price is 100% of principal and underwriting discounts total 1.061%, leaving net proceeds to the issuer of $76,183,030. The notes will be issued in book-entry form through DTC and will settle on February 27, 2026.

The Goldman Sachs Group, Inc. is offering $19,000,000 of callable fixed rate notes due February 11, 2033. The notes pay interest at 4.80% per annum from and including the original issue date February 27, 2026 to but excluding maturity, with annual interest payment dates on February 27 and the stated maturity date, the first payment on February 27, 2027.

The issuer may redeem the notes in whole but not in part on each scheduled redemption date (each February 27, May 27, August 27 and November 27 on or after May 27, 2027) at a price equal to 100% of principal plus accrued interest, upon at least five business days’ prior notice. The offering will settle through DTC on February 27, 2026, with underwriters Goldman Sachs & Co. LLC and InspereX LLC each allocated $9,500,000; underwriting discount is 1.238% (proceeds to issuer $18,764,780 before expenses).

The Goldman Sachs Group, Inc. is offering fixed‑rate senior notes totaling $5,105,000. The notes pay interest at 4.55% per annum from the original issue date to but excluding the stated maturity and mature on February 28, 2033. Interest is payable semiannually on the 27th of February and August, commencing August 27, 2026. The original issue price is stated as 100% of principal, with an underwriting discount of 0.52% and net proceeds to the issuer of 99.48% of principal. The notes will not be listed on any exchange and will be issued in book‑entry form under the Medium‑Term Notes, Series N senior debt indenture.

The Goldman Sachs Group, Inc. is offering $19,000,000 principal amount of Callable Fixed Rate Notes due February 12, 2046, bearing interest at 5.625% per annum from and including February 27, 2026. Interest is payable annually on each February 27 with the first payment on February 27, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates on or after February 27, 2029, at a price equal to 100% of principal plus accrued interest, subject to at least five business days’ prior notice. The initial public price is 100% with underwriting discount of 1.877%, yielding proceeds to the issuer of $18,643,370 before expenses. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering $11,000,000 principal of Callable Fixed Rate Notes due February 16, 2046 that pay interest at 5.50% per annum from and including the original issue date February 27, 2026. Interest is payable annually on February 27, with the first payment on February 27, 2027.

The notes are redeemable at Goldman Sachs' option in whole (not in part) on each scheduled redemption date on or after February 27, 2029, upon at least five business days' notice, at a redemption price of 100% of principal plus accrued interest. The initial public price is 100% and underwriting discount is 2.418%, leaving proceeds before expenses to Goldman Sachs of $10,734,020. Settlement is expected in New York on February 27, 2026.

The Goldman Sachs Group, Inc. is offering $10,000,000 of callable fixed rate notes due February 27, 2029. The notes pay interest at 4.25% per annum from and including the original issue date February 27, 2026, with semiannual payments on February 27 and August 27, beginning August 27, 2026.

The notes are callable in whole on specified quarterly redemption dates on or after February 27, 2027, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ notice. The offering will settle and be delivered against payment through DTC on February 27, 2026.

The Goldman Sachs Group, Inc. intends to issue $20,000,000 principal of Callable Fixed Rate Notes due February 27, 2036 with a fixed interest rate of 5.20% per annum from and including the original issue date February 27, 2026.

Interest is payable semiannually on February 27 and August 27, beginning August 27, 2026. The notes are callable in whole (but not in part) on each redemption date on or after February 27, 2028, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. Initial price to public is 100%, underwriting discount 0.7%, and proceeds to the issuer before expenses are $19,860,000. The notes will be issued in book-entry form through DTC and settle on February 27, 2026.

The Goldman Sachs Group, Inc. is offering $9,499,000 of Callable Fixed Rate Notes due August 27, 2029. The notes pay interest at a fixed 4.30% per annum from and including the original issue date February 27, 2026, with semiannual payments each February 27 and August 27, beginning August 27, 2026.

The issuer may redeem the notes in whole, but not in part, on each quarterly redemption date on or after August 27, 2026, with at least five business days’ notice, at a redemption price equal to 100% of principal plus accrued interest. The initial public price is 100% with underwriting discount 0.35% and proceeds before expenses of $9,465,753.50. Delivery against payment is planned in New York on February 27, 2026.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes with a principal amount of $5,615,000. The notes carry an interest rate of 4.30% per annum from the original issue date February 27, 2026 to the stated maturity date February 27, 2031, with semiannual interest payments on the 27th of February and August beginning August 27, 2026.

The notes are issued at an original issue price of 100% with an underwriting discount of 0.5273% and net proceeds to the issuer of 99.4727%. They will be issued in book-entry form through DTC, will not be listed on an exchange, and may be resold in market-making transactions by Goldman Sachs affiliates. The 30/360 (ISDA) day count convention applies, and FATCA withholding rules are noted.

GS Finance Corp. offers structured, crypto-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $20.625 per $1,000 face amount (a 2.0625% monthly coupon, up to 24.75% per annum) on a coupon payment date only if the closing level of both underliers is at least 50% of their initial levels on the related observation date. The notes may be automatically called on call observation dates beginning February 2027 through January 2029 if each ETF’s closing level is at or above its initial level set on the trade date (expected February 27, 2026); if called, holders receive principal plus the applicable coupon on the call payment date. If not called, at the expected maturity (stated maturity date: March 2, 2029), the cash payment depends on the lesser performing ETF: if the lesser performing ETF return is >= -50%, holders receive $1,000 (plus any final coupon); if the lesser performing ETF return is < -50%, holders receive $1,000 times (1 + lesser ETF return), which can be less than 50% of face and yield no coupon. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and to significant cryptocurrency volatility and regulatory, custody and valuation risks associated with the iShares® Bitcoin Trust ETF and iShares® Ethereum Trust ETF.

GS Finance Corp. is offering autocallable, index-linked notes due March 31, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index with a 100% upside participation rate and an estimated trade-date value of $850 to $880 per $1,000 face amount. The notes may be automatically called on annual observation dates (first observation March 30, 2027) if the index meets increasing call levels; early call payments are capped by specified call premium amounts. If not called, at maturity the cash settlement equals $1,000 plus upside only if the final index level exceeds the initial index level; otherwise holders receive the face amount. Key dates: trade date March 26, 2026, original issue date March 31, 2026, determination date March 24, 2033.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing autocallable notes linked to three underliers: the Russell 2000®, the EURO STOXX 50® and the State Street® Utilities Select Sector SPDR® ETF (XLU). The notes are expected to trade on March 20, 2026, have an original issue date of March 25, 2026, and a stated maturity expected to be March 27, 2031.

If on any call observation date all three underliers are at or above their initial levels, the notes will be automatically called and pay the face amount plus a call premium (call premium schedule ranges from 16.75% to 79.5625% depending on call date). If not called, maturity payoff depends on the lesser performing underlier: full face amount if that underlier is >= 70% of initial level, capped upside of 183.75% of face at maturity, or a proportional loss if the lesser performing underlier falls below 70% (down to 0% in extreme cases). The pricing supplement discloses an estimated model value of $885–$935 per $1,000 face amount at trade date and highlights issuer and guarantor credit risk and tax uncertainties.

GS Finance Corp. is offering principal-protected-style buffered, autocallable notes linked to an equally weighted basket of four bank stocks. The notes have an upside participation rate of 125%, a buffer of 15% (buffer level 85%), an expected trade date of March 26, 2026, an expected original issue date of March 31, 2026, an expected call observation date of April 8, 2027 (call payment date April 13, 2027) and a stated maturity expected on March 30, 2028.

The notes pay no interest and may be automatically called if the closing basket level on the call observation date is at or above the initial basket level (100), producing a call payment of at least $1,180 per $1,000 face amount. If not called, maturity payoffs follow a capped upside, a full return if losses do not exceed the 15% buffer, and downside exposure below the buffer. The estimated value on the trade date is expected to be between $900 and $930 per $1,000 face amount.

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 reference the GSMBFC5 Index, have a 100% upside participation rate and an automatic call trigger at 101.25% of the initial index level.

The notes pay an annual call premium if the index meets the call level on observation dates; trade date is March 4, 2026 and original issue date is March 9, 2026. GS&Co. estimates a trade‑date value of $850 to $890 per $1,000 face amount. The index methodology applies a 0.65% per annum deduction (accruing daily) and a 5% realized volatility control, which can shift exposure to hypothetical cash positions that earn zero excess return before the deduction.

GS Finance Corp. is offering autocallable Nasdaq-100 Index®-linked notes due March 11, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have an automatic call on the call observation date March 8, 2027 if the closing level of the Nasdaq-100 is greater than or equal to the initial level, in which case holders receive $1,106 per $1,000 face amount on the call payment date.

If not called, maturity payoffs depend on the final underlier level on the determination date March 6, 2031: upside participation is 175% for positive returns; principal is preserved if the final level is at or above the 75% trigger buffer; if below the trigger, investors suffer a loss equal to the underlier return times the face amount and could lose their entire investment. The notes pay no interest and are subject to issuer/guarantor credit risk and tax uncertainty.

GS Finance Corp. is offering $1,000‑denominated autocallable, index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and the EURO STOXX 50®. They pay no interest and may be automatically called monthly if each underlier’s closing level meets or exceeds its initial level on a call observation date, producing a cash payment equal to principal plus a specified call premium. If not called, the cash settlement at maturity depends solely on the lesser performing underlier: if that underlier is at or above its initial level you receive principal plus a 57.504% maturity premium; if it is at least 75% of its initial level you receive principal only; if it is below 75% you receive principal reduced by the lesser performing underlier return, potentially losing your entire investment. The notes are subject to issuer and guarantor credit risk, limited secondary market liquidity, and tax and foreign‑market risks.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due March 6, 2031, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and may be automatically called on scheduled call dates if all underliers are at or above their initial levels.

Coupons are contingent monthly payments of $9.209 per $1,000 (about 0.9209% monthly, up to approximately 11.05% per annum) only if each underlier is at or above 70% of its initial level on the coupon observation date. At maturity (if not called), principal repayment depends solely on the lesser performing underlier relative to a 60% trigger buffer; losses up to the full investment are possible. Trade date is March 2, 2026 and original issue date is March 5, 2026. The notes carry the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers autocallable buffered notes linked to the Vanguard FTSE All-World ex-US ETF (VEU). The notes feature an upside participation rate of 120%, a buffer amount of 20% (buffer level 80%) and a buffer rate of 125%. The notes may be automatically called on the call observation date (expected March 19, 2027) for at least $1,130 per $1,000 face amount. If not called, maturity is expected March 21, 2030, with payoff tied to the ETF level on the determination date (expected March 18, 2030). The pricing supplement discloses an estimated value at pricing of $900–$930 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 autocallable index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Index and the S&P 500 Index and feature a 200% upside participation rate.

The notes will be automatically called if each underlier’s closing level on the call observation date of March 31, 2027 is greater than or equal to its initial level, in which case each $1,000 face amount will pay at least $1,134 on the call payment date of April 7, 2027. If not called, the cash settlement at the stated maturity date of April 7, 2028 depends solely on the final level of the lesser performing underlier as measured on the determination date of March 31, 2028, with a 80% trigger buffer per underlier. Investors may lose their entire investment if the final lesser performing underlier level is below the trigger buffer.