Goldman Sachs Group (GS) 424B Filings

GS Finance Corp. is offering medium-term notes linked to the common stock of NVIDIA Corporation with an aggregate face amount of $1,070,000, issued under a guarantee by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon and are subject to an automatic call feature.

Key terms: initial underlier level $187.98, coupon and trigger buffer level equal to 60% of the initial level, stated maturity February 23, 2029, determination date February 20, 2029. At maturity you receive either the face amount or an amount equal to $1,000 × the underlier return if the final underlier level is below the trigger buffer level; you could lose your entire investment.

GS Finance Corp. is offering contingent monthly coupon, automatically callable notes linked to the common stock of Oracle Corporation (ORCL). The pricing supplement sets an aggregate face amount of $955,000, an original issue price of 100%, an underwriting discount of 2.75% and net proceeds of 97.25%. The notes trade on February 18, 2026, have an original issue date of February 23, 2026 and a stated maturity date of February 23, 2029, and are guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 face amount may pay a contingent monthly coupon (approximately $16.667 accrual per coupon observation period when the underlier is at or above the 70% coupon trigger) and will be automatically called and redeemed at $1,000 if the underlier closing level is at or above the initial underlier level ($156.17) on any call observation date. If not called, maturity cash settlement depends on the final underlier level versus a 70% trigger buffer; a final underlier below that buffer can result in partial or total loss of principal.

GS Finance Corp. prices $5,000,000 of Contingent Income Auto-Callable Securities linked to Amazon.com, Inc. The notes, issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., have an $1,000 principal per security, a pricing date of February 18, 2026, an original issue date of February 23, 2026, and a stated maturity date of August 23, 2028.

Each security may pay a contingent quarterly coupon of $37.625 if the underlying closing price meets or exceeds a downside threshold of $153.5925 (which is 75.00% of the initial share price of $204.79). Securities are auto-called if the underlying closing price on any call observation date is at or above the initial share price, in which case holders receive principal plus the coupon then due; otherwise payment at maturity depends on the final share price and may result in significant loss of principal.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes paying 4.30% per annum, expected to be issued on February 25, 2026 and maturing on February 16, 2029 Interest is payable monthly (expected the 25th) beginning March 25, 2026. The issuer may redeem the notes in whole, but not in part, on monthly redemption dates on or after May 25, 2026 upon at least five business days' notice at a redemption price equal to 100% of principal plus accrued interest to but excluding the redemption date.

The notes will be issued in book-entry form through DTC. Goldman Sachs & Co. LLC is the initial purchaser/underwriter and may engage in market-making resales; pricing mechanics note that the initial price to public may vary for certain investors. U.S. federal tax treatment and FATCA withholding are summarized in the pricing supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF. The notes have an aggregate face amount of $868,000, an original issue price of 100%, and an underwriting discount of 4.1% yielding net proceeds of 95.9% of face amount. The notes feature an automatic call test on the call observation date (February 18, 2027) that, if met, pays $1,169 per $1,000 face amount on the call payment date (February 23, 2027). If not called, the maturity payoff on the stated maturity date (February 21, 2031) depends on the lesser performing underlier: 100% upside participation above the initial levels, a principal return if final levels are at or above 70% of initial levels, and full loss if the lesser performing underlier falls to a low level. The notes do not pay interest and are subject to issuer and guarantor credit risk and market, currency, and tax risks described herein.

GS Finance Corp. is offering Buffered Dow Jones Industrial Average®-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a 15% buffer (buffer level 85%), a capped payout (maximum settlement amount of $1,250 per $1,000 face amount) and do not pay interest. The trade date is February 24, 2026, original issue date February 27, 2026, determination date February 26, 2029 and stated maturity date March 1, 2029. Payoff scenarios are: full principal returned if final underlier level is ≥ buffer level; positive participation up to the cap if the underlier rises; and pro rata losses below the buffer (lose 1% of face amount for each 1% decline beyond the buffer). The notes are part of the Medium-Term Notes, Series F program and are subject to issuer and guarantor credit risk, secondary market illiquidity, model-based pricing differentials and uncertain U.S. federal tax treatment.

GS Finance Corp. offers Digital S&P 500® Index-Linked Notes due, guaranteed by The Goldman Sachs Group, Inc. Each note has $1,000 face amount and pays no interest. If the final S&P 500 level is at or above 90% of the initial level, holders receive a capped maximum settlement (expected between $1,615.40 and $1,722 per $1,000). If the final level is below 90%, the cash payment equals $1,000 plus $1,000 times the underlier return, exposing holders to downside loss up to a total loss of principal. Terms (trade date, determination date, and exact pricing) will be set on the trade date and are subject to the prospectus and supplements.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Coinbase Global, Inc. The terms reference an initial underlier level of $165.94 (closing price on February 19, 2026), a 50% coupon trigger and a 50% trigger buffer. Coupons are contingent and paid quarterly only if the underlier meets the coupon trigger on observation dates; the notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, maturity is February 23, 2029, with cash settlement per $1,000 face amount that ranges from 0% to 100% of face based on final underlier performance. The offering materials emphasize the risk of total loss of principal and the credit risk of the issuer and guarantor.

GS Finance Corp. offers callable 10-year CMT rate-linked range accrual notes due March 6, 2032, guaranteed by The Goldman Sachs Group, Inc. Interest, if any, is paid monthly on the 6th and is determined by the fraction of reference dates in an interest period when the 10-year CMT rate is ≤ 4.70% multiplied by an interest factor of 7.30%. The issuer may redeem notes at 100% of face amount on any monthly interest payment date on or after March 6, 2027, with at least five business days’ notice. Interest determination uses scheduled U.S. government securities business days, 30/360 (ISDA) day count, and calculation-agent discretion for reference rates and successors. The estimated value at pricing is shown between $912.50 and $962.50 per $1,000 face amount. Credit risk of GS Finance Corp. and the guarantor applies; secondary-market liquidity and tax treatment are discussed.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the least performing of the State Street SPY and KRE ETFs and have a contingent coupon set on the trade date.

Key terms: trade date February 20, 2026, original issue date February 25, 2026, determination date February 20, 2029, stated maturity February 23, 2029. Contingent coupon of at least $0.25 per $10 face amount (up to 10.00% per annum) may be paid only if both ETFs close at or above their 65% coupon barrier on an observation date. Beginning August 2026 the notes may be automatically called if both ETFs close at or above their initial ETF prices; called notes pay face amount plus the contingent coupon then due.

Principal repayment at maturity is contingent: if the final price of any ETF is below its 65% downside threshold, holders suffer a loss equal to the percentage decline of the lesser performing ETF and could lose their entire investment. All payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering $8,649,000 of Callable Fixed Rate Notes due August 20, 2029. The notes pay interest at 4.375% per annum from the original issue date (February 20, 2026) with semiannual payments each February 20 and August 20.

The notes are callable in whole (not in part) on each redemption date beginning August 20, 2026, with at least five business days’ notice and a redemption price equal to 100% of principal plus accrued interest. The initial price to public is 100%, underwriting discount is 0.35%, and estimated proceeds before expenses to the issuer are $8,618,728.50. Settlement is on February 20, 2026.

The Goldman Sachs Group, Inc. is offering $17,000,000 aggregate principal amount of floating rate notes due February 20, 2036. The notes pay interest quarterly at compounded SOFR plus a spread of 1.080%, subject to a minimum interest rate of 0.50%, with interest payments beginning May 20, 2026.

The notes: original issue price 100%, underwriting discount 1.371%, net proceeds to issuer 98.629%; trade date February 18, 2026, original issue (settlement) date February 20, 2026. They are unsecured obligations, not FDIC insured, not listed, have no redemption right, and use Goldman Sachs & Co. LLC as calculation agent with discretionary rate determinations.

GS Finance Corp. offers a trigger autocallable GEARS linked to the common stock of Apple Inc.

The securities have a trade date of February 26, 2026 and an expected original issue date of February 27, 2026. The call observation date is expected to be March 4, 2027 with a call payment date of March 8, 2027, and the determination date and stated maturity date are expected to be February 26, 2029 and February 28, 2029, respectively.

Key economics shown on the cover: an autocall barrier of 100.00% of the initial index stock price, upside gearing expected between 1.30 and 1.50, a downside threshold of 75.00, and a call return of 14.15. The estimated model value at issuance is between $9.40 and $9.70 per $10 face amount; original issue price is 100.00% of face with a 2.50% underwriting discount.

The Goldman Sachs Group, Inc. is issuing $12,000,000 of fixed rate senior notes maturing February 20, 2031. The notes pay 4.30% per annum interest, payable February 20 and August 20 each year beginning August 20, 2026. The original issue price is 100% and net proceeds to the issuer are 99.2417% of the principal amount.

The notes are issued in book-entry form through DTC, will not be listed on any exchange, and may be resold in market-making transactions by Goldman Sachs affiliates. Certain distribution and jurisdictional selling restrictions apply, and FATCA withholding rules are described.

GS Finance Corp. is offering structured, non‑interest‑bearing notes maturing on February 27, 2029 that reference three individual stocks: Palantir, Tesla and AMD. The notes include an automatic call feature beginning on February 17, 2027 and a capped maturity payout.

If the notes are not called, the cash payment at maturity is based on the performance of the lesser performing index stock measured from initial prices set on February 13, 2026 to the determination date February 20, 2029. A final lesser performing stock price at or above 50% of its initial price yields a capped payment of $2,185 per $1,000 face amount; if below 50%, the payout equals $1,000 plus the lesser performing index stock return times $1,000, which can result in substantial loss of principal.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due February 20, 2036 that pay interest at 5.125% per annum from the original issue date February 20, 2026 with annual payments each February 20 beginning February 20, 2027.

The notes are callable in whole (but not in part) on each redemption date (each February 20, May 20, August 20 and November 20 on or after February 20, 2028) at a redemption price of 100% of principal plus accrued interest with at least five business days’ notice. The offering shows an initial price to public of 100% and aggregate principal of $500,000, an underwriting discount of 1.55% ($7,750) and proceeds to the issuer of $492,250. Settlement is scheduled in New York on February 20, 2026. Book-entry registration will be through DTC; FATCA withholding rules apply. Jurisdictional distribution restrictions and FINRA conflict-of-interest procedures are disclosed.

GS Finance Corp. is offering $1,000 face amount autocallable contingent coupon equity-linked notes due March 3, 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stocks of Micron Technology, Inc., NVIDIA Corporation and Palantir Technologies Inc..

The notes pay a contingent monthly coupon of $10.625 per $1,000 (potentially 12.75% annually) only if each underlier's closing level on the coupon observation date is at least 70% of its initial level. The notes will be automatically called early if, on any call observation date, each underlier's closing level is at or above its initial underlier level; in that event holders receive $1,000 plus the coupon then due. The trade date is February 24, 2026 and the original issue date is February 27, 2026.

The pricing supplement states GS&Co.'s estimated value on the trade date is approximately $885 to $935 per $1,000 face amount, which is less than the original issue price, and highlights the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited secondary-market liquidity, and the possibility of receiving only face amount at maturity if coupons are unpaid.

GS Finance Corp. is offering $1,000 face amount buffered MSCI EAFE index-linked notes due August 25, 2027, guaranteed by The Goldman Sachs Group, Inc.

Key economics set on the trade date February 20, 2026: initial underlier level 3,127.06, buffer level 85% (buffer amount 15%), buffer rate 100%, maximum settlement amount $1,240. Notes pay no interest; cash at maturity depends on the MSCI EAFE index performance from February 19, 2026 to the determination date August 20, 2027.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and links payoff to the S&P 500 Futures Excess Return Index over the term.

Key terms set on the trade date include an upside participation rate of 118%, a buffer level of 80% (a buffer amount of 20%) and a buffer rate of 125%. If the final underlier level is above the initial level, the maturity payoff = $1,000 + ($1,000 × 118% × underlier return). If final level is ≤ initial but ≥ buffer level, holder receives $1,000. If final level is below the buffer level, losses apply and you could lose your entire investment. The determination date is expected to be approximately 36 months after the trade date.

GS Finance Corp. offers leveraged buffered equity-linked notes due 2028 guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of The Walt Disney Company.

Each note has a $1,000 face amount, an 150% upside participation rate capped at a $1,290 maximum payoff per $1,000, and a 20% buffer (buffer level = 80% of the initial underlier level). Trade date is February 26, 2026, original issue date March 3, 2026, determination date February 28, 2028, and stated maturity date March 2, 2028. The notes pay no interest and settlement is in cash.

GS Finance Corp. offers Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc., linked to the lesser performing of the Russell 2000® and Nasdaq-100® indices. The notes pay a quarterly contingent coupon per $10 between $0.1925 and $0.2025 (up to 7.70%–8.10% per annum) only if both indices meet coupon barriers on observation dates.

The trade date is February 25, 2026, original issue date February 27, 2026, first call opportunity August 2026, determination date February 25, 2031 and stated maturity February 28, 2031. Coupon barriers equal 70.00% and downside thresholds equal 60.00% of initial index levels. Estimated value at pricing is between $9.50 and $9.80 per $10 face amount; original issue price is 100.00% of face amount with a 2.25% underwriting discount (net proceeds 97.75% of face).

GS Finance Corp. offers contingent coupon index-linked notes due March 2, 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and monthly observation dates beginning in March 2026. Monthly coupons (up to 0.5709% per month) are paid only if the S&P 500 closing level on an observation date is at or above 80% of the initial level. At maturity the cash payment depends on the index return: full principal if final index ≥ 80% of initial, principal only if between 70% and 80%, and a pro rata loss if final index < 70%. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. offers principal-protected, non-interest-bearing notes linked to an equally weighted 7-stock basket. The notes have an expected trade date of February 24, 2026, an expected original issue date of February 27, 2026, and an expected stated maturity date of March 1, 2029. The initial basket level is 100 and the basket comprises AMD, Barrick, Intel, Lam Research, Micron, Northrop Grumman, and Western Digital.

At maturity each $1,000 face amount will return $1,000 if the final basket level is equal to or below the initial level, or $1,000 plus the basket return (100% participation) subject to a cap of $1,280 per $1,000. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers Trigger GEARS linked to the STOXX® Europe 600 Index, guaranteed by The Goldman Sachs Group, Inc. The securities mature on February 27, 2031 with a determination date of February 25, 2031.

Key terms include an expected upside gearing between 1.68 and 1.88, a downside threshold of 75.00% of the initial index level, an original issue price equal to 100.00% of face amount, an underwriting discount of 3.50%, and an estimated value of $9.00–$9.30 per $10 face amount on the trade date.

GS Finance Corp. is offering Leveraged Buffered Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Amazon.com, Inc. (Bloomberg: "AMZN UW").

Key economics set on the trade date: $1,000 face amount per note; 150% upside participation capped at a $1,357.50 maximum upside settlement amount; a 20% buffer (buffer level = 80% of initial level). Trade date is February 26, 2026, original issue date March 3, 2026, determination date February 28, 2028, and stated maturity March 2, 2028. Notes do not bear interest.

Cash payment at maturity depends on final underlier level: full leveraged upside up to the cap if the final level ≥ initial level; a positive payment equal to the absolute decline if the final level declines up to the 20% buffer; and a proportional loss of principal if the decline exceeds the buffer. Investors are subject to the credit risk of the issuer and guarantor and could lose a substantial portion of principal.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity a cash amount per $1,000 face based on the S&P 500 Futures Excess Return Index performance from the trade date to the determination date, with an upside participation rate of 148%, a 10% buffer (buffer level = 90% of initial underlier) and a buffer rate of approximately 111.11%. If the final underlier exceeds the initial level you receive $1,000 plus participation; if the final level is between the buffer and initial you receive $1,000; if the final level is below the buffer you incur leveraged downside and may lose your entire investment. Notes do not bear interest and are subject to issuer and guarantor credit risk and market, roll-yield, liquidity and tax uncertainties.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.15% per annum, expected to be issued on February 24, 2026 and expected to mature on February 24, 2029.

Interest is payable semiannually on expected payment dates of February 24 and August 24, beginning on August 24, 2026. The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates expected on the 24th of February, May, August and November on or after February 24, 2027, at a redemption price equal to 100% of principal plus accrued interest. Delivery is expected to occur in New York on February 24, 2026.

GS Finance Corp. is offering leveraged buffered equity-linked notes due March 2, 2028, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and return a cash amount per $1,000 face based on the performance of the underlier (Bloomberg ticker: "QCOM UW") from the trade date to the determination date.

If the final underlier level is at or above the initial level, holders receive $1,000 plus $1,000×the upside participation rate×underlier return, capped at $1,510. If the final level declines up to the 20% buffer (to 80% of the initial level), holders receive $1,000 plus the absolute underlier return. If the final level falls below the buffer, losses occur dollar-for-dollar relative to the decline below the buffer.

GS Finance Corp. offers structured, cash-settled notes linked to the S&P 500® Index, fully guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays no interest and returns depend on the index performance from the trade date to the determination date, with a 15% buffer and an upside participation rate of 200%, capped at a $1,205 maximum settlement amount.

The notes mature on or about February 15, 2028, have an aggregate face amount of $15,230,000, and were issued at 100% of face with a 0.65% underwriting discount.

GS Finance Corp. priced an offering of notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an aggregate face amount of $750,000 on original issue. The notes mature on February 21, 2031 unless automatically called beginning August 2026 through January 2031.

Coupons accrue monthly and are payable only if the index closing level on an observation date is at least 70% of the initial underlier level of 471.27. The index applies a daily 6.0% per annum decrement, may use up to 500% leverage with a daily leverage-change cap of 100%, and can be significantly uninvested on some days. The pricing supplement shows an estimated value of approximately $964 per $1,000 face amount on the trade date.

The Goldman Sachs Group, Inc. is offering callable floating rate notes due February 23, 2031. Each note has a principal amount of $1,000. Interest is compounded SOFR plus a spread of 1.40%, subject to a 0.00% floor and a 5.25% cap, paid quarterly beginning May 23, 2026. The notes are expected to be issued on February 23, 2026 and may be redeemed by the issuer in whole, but not in part, on any interest payment date on or after February 23, 2027 upon at least five business days’ notice at a redemption price equal to 100% of principal plus accrued interest. Goldman Sachs & Co. LLC will act as calculation agent. The notes are unsecured obligations and are not FDIC insured.

GS Finance Corp. offers medium-term notes with a $3,000,000 aggregate face amount under a pricing supplement dated February 17, 2026. The notes pay a contingent monthly coupon of 0.8459% (up to approximately 10.15% per annum) if each underlier meets its 65% coupon trigger on observation dates and may be automatically called if all underliers equal or exceed their initial levels on a call observation date. If not called, the cash settlement at maturity on February 21, 2031 is based solely on the performance of the lesser performing underlier (Russell 2000, S&P 500, EURO STOXX 50) relative to its initial level; investors could lose their entire investment.

The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk, limited secondary-market liquidity, fees including a 0.7% underwriting discount, and tax and foreign-market risks described in the supplement.

GS Finance Corp. offers cash-settled, non‑interest notes guaranteed by The Goldman Sachs Group, Inc., linked to an equally weighted basket of Bank of America, JPMorgan Chase and Morgan Stanley. The notes mature on April 22, 2027 with a determination date of April 19, 2027 and an initial basket level of 100.

Key economics: aggregate face amount $1,000,000 on original issue; issue price 100% of face; underwriting discount 2.35%; estimated value at pricing ~$967 per $1,000 face. Upside participation is 300% subject to a cap: maximum settlement amount $1,268 per $1,000 face; downside equals the basket return (possible total loss of principal).

GS Finance Corp. is offering non‑interest bearing, callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a trade date of February 17, 2026 and a stated maturity date of February 23, 2033. If the final index level on the determination date is ≥ 102% of the initial index level of 113.19, each $1,000 face amount pays a capped $1,927.50; otherwise you receive $1,000 at maturity.

The notes are subject to automatic calls on specified semiannual observation dates beginning February 17, 2027, with call returns that increase over time. The estimated value at pricing was approximately $956 per $1,000 face amount; original issue price was 100% with a 1% underwriting discount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due March 6, 2046 that pay interest at 5.75% per annum, with interest expected to accrue from and including the original issue date (expected March 6, 2026) and to be paid annually on each March 6, beginning March 6, 2027.

The notes are callable by the issuer in whole (not in part) on scheduled redemption dates expected each March 6, June 6, September 6 and December 6 on or after March 6, 2028, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market. Underwriters named include Goldman Sachs & Co. LLC and InspereX LLC. FATCA withholding rules apply.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.45% per annum from and including the original issue date (expected March 6, 2026) to but excluding the stated maturity date (expected March 6, 2031). Interest is payable semiannually on expected March 6 and September 6, with the first payment expected on September 6, 2026.

The notes are callable by the issuer in whole (not in part) on expected quarterly redemption dates on or after March 6, 2029, at a redemption price equal to 100% of principal plus accrued and unpaid interest, with at least five business days' prior notice. The notes will be issued in book-entry form through DTC and will settle on March 6, 2026. Tax treatment, including FATCA withholding, is described in the prospectus materials.

GS Finance Corp. is offering $2,056,000 aggregate face amount of contingent monthly‑coupon, automatic‑callable notes, guaranteed by The Goldman Sachs Group, Inc. The notes pay a 1% monthly coupon (up to 12% per annum) when each underlier is ≥ 70% of its initial level and will be automatically called if, on any call observation date, each underlier closes ≥ its initial level. The notes reference the Nasdaq‑100, Russell 2000 and S&P 500, mature on February 23, 2029 (determination date February 20, 2029), and have cash settlement tied to the lesser performing underlier. Investors may lose up to 100% of principal; payment at maturity equals $1,000 or $1,000×(1 + lesser performing underlier return) depending on final levels.

GS Finance Corp. offers structured, autocallable medium-term notes linked to the common stocks of Palantir Technologies, Micron, NVIDIA and Broadcom. The notes have an expected trade date of February 24, 2026 and an expected stated maturity of March 3, 2031, with monthly coupon observation dates and potential monthly automatic calls commencing in February 2027. Each $1,000 face amount pays either a maximum coupon of $9.375 per month (11.25% per annum annualized) if each stock is at or above 75% of its initial price, or a minimum coupon of $0.209 per month otherwise. Estimated value at pricing is $885–$925 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., so payment depends on their creditworthiness.

GS Finance Corp. priced autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due March 6, 2031, guaranteed by The Goldman Sachs Group, Inc.. The notes have an upside participation rate of 100%, a call level of 101.5% of the initial index level and scheduled annual call observation dates beginning March 1, 2027.

If not called, maturity payment depends on the index return: you receive $1,000 plus participation in positive index returns; if the final index level is equal to or below the initial index level, you receive $1,000. The pricing supplement shows an estimated trade-date value of $885 to $925 per $1,000 face amount.

GS Finance Corp. is offering $Autocallable Contingent Coupon Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.459 per $1,000 (0.8459% monthly, up to approximately 10.15% annually) when each underlier meets its coupon trigger (70% of initial level).

Automatic call occurs if both underliers (Russell 2000 and S&P 500) are at or above initial levels on a call observation date; maturity payoff is cash tied to the lesser performing underlier, with a trigger buffer at 60% of initial level. Trade date is March 3, 2026 and original issue date is March 6, 2026. The notes may result in total loss of principal if the lesser performing underlier falls below its trigger buffer.

GS Finance Corp. is offering callable fixed-and-floating rate medium-term notes guaranteed by The Goldman Sachs Group, Inc. with a stated maturity expected to be February 27, 2033. The notes pay a fixed 8.00% per annum through February 27, 2027, then a quarterly floating rate equal to 8×(5.15% minus the 10-year CMT) subject to a 0.00% floor and a 16.00% cap.

The issuer may redeem the notes in whole on any quarterly interest payment date on or after February 27, 2027, at par. The preliminary estimated model value at pricing is between $910 and $950 per $1,000 face amount; original issue price is expected to be 100% with an underwriting discount of 1.50%-2.50%.

GS Finance Corp. priced structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an aggregate face amount of $308,000, a stated maturity of February 21, 2031, and an initial underlier level of 471.27.

Monthly coupon eligibility requires the index closing level on a coupon observation date to be at least 70% of the initial level; when met, the coupon equals $15.417 per $1,000 face amount (1.5417% monthly). The index applies up to 500% leverage, a cap on daily leverage change, and a 6.0% per annum daily decrement that reduces index performance. The estimated value at pricing was approximately $941 per $1,000 face amount.

GS Finance Corp. is offering medium-term, equity-linked notes tied to the Class A common stocks of Rocket Companies, Affirm and Robinhood with an aggregate initial face amount of $679,000. The notes mature on February 16, 2029 and may be automatically called on quarterly call observation dates beginning in August 2026.

Coupons are monthly conditional payments (up to a stated monthly rate of 2.5834%, cumulative under a specified formula) payable only if each index stock closes at or above 50% of its initial price on coupon observation dates. Principal at maturity depends on the lesser performing index stock versus a 50% trigger: if any index stock falls below that buffer, redemption at maturity is reduced pro rata by the lesser performing index stock return. The trade date is February 17, 2026; original issue price is 100% with an estimated value at pricing of approximately $967 per $1,000 face amount.

GS Finance Corp. offers callable, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature February 25, 2032 but may be automatically called on specified observation dates beginning February 25, 2027, with tiered call premium amounts.

The underlier applies a 6.0% per annum decrement, may use up to 500% leverage (max daily change 100%), and includes signal-based exposure adjustments. At maturity the maximum cash payment is $2,740 per $1,000 face amount; a final underlier below 50% of the initial level produces proportional losses. The estimated value at pricing is $885–$925 per $1,000 face amount. Payments remain subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers autocallable notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes trade on February 20, 2026

They have an expected original issue date of February 25, 2026, a stated maturity of February 25, 2031 (determination date February 20, 2031), an autocall barrier equal to 100.00% of the initial index level and per‑annum call returns set between 7.50% and 8.00% that increase on later call dates up to 37.50%-40.00%. If automatically called on a call observation date, holders receive the face amount plus the applicable call return; if not called, maturity payoff exposes holders to the full downside of the index and may result in loss of all or a substantial portion of principal. The issue price is 100.00% of face amount, underwriting discount 2.50%, and net proceeds 97.50% of face amount. Minimum purchase is $1,000.

GS Finance Corp. offers structured notes linked to the iShares® Bitcoin Trust ETF (IBIT) with a stated maturity expected to be March 4, 2031 and a trade date expected to be February 27, 2026. Each note has a $1,000 face amount and pays conditional monthly coupons of $16.042 (1.6042% monthly, or up to approximately 19.25% per annum) only if the ETF closing level on coupon observation dates meets the 80% coupon trigger.

If not called, principal at maturity depends on the ETF return versus buffer levels: full principal if the final ETF level is ≥80% of the initial level; return of $1,000 with no coupon if final level is between 60% and 80%; and a pro rata loss (potentially receiving less than 60% of face) if the final level is below 60%. The pricing supplement states the estimated value at terms is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER index-linked notes due March 4, 2031, with a $1,000 face amount per note and trade date February 27, 2026. At maturity the cash payment equals $1,000 plus $1,000 × the upside participation rate × index return if the final index level exceeds the initial index level; otherwise you will receive the face amount.

The index (Bloomberg: GSMBFC5 Index) rebalances daily among eligible assets, applies a 5% realized volatility control, a momentum risk control and a deduction of 0.65% per annum (accruing daily). The notes are senior debt of GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc., so holders bear the issuer/guarantor credit risk.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index-linked notes due March 4, 2030, with a 112.75% upside participation rate and a face amount of $1,000 per note. The notes pay no interest and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

Payment at maturity is cash-settled: if the final underlier level on the determination date exceeds the initial level, holders receive $1,000 plus the upside participation rate times the underlier return; otherwise holders receive the face amount. The underlier is the S&P 500® Futures Excess Return Index (futures-based), and trade and original issue dates are February 27, 2026 and March 4, 2026, respectively.

GS Finance Corp. is offering non‑interest bearing indexed notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Equal Weight Index, have an expected trade date of February 25, 2026 and an expected stated maturity of February 28, 2031.

Each $10 face amount pays at maturity: (i) $10 plus the underlying index return if the final index level is above the initial level; (ii) $10 if the final level is between a downside threshold expected to be between 65.00% and 59.35% of the initial level; or (iii) $10 plus the index return (resulting in a proportional loss) if the final level is below that threshold. Issue price is 100.00% of face amount; underwriting discount 3.50%; net proceeds 96.50% of face amount. The estimated value at pricing is stated between $9.25 and $9.55 per $10 face amount.