Goldman Sachs Group (GS) 424B Filings

The Goldman Sachs Group, Inc. is issuing callable fixed rate notes due 2036 under its Medium-Term Notes, Series N program. The notes pay a fixed interest rate of 5.10% per annum from the original issue date, expected to be February 27, 2026, until the expected stated maturity date of February 12, 2036.

Interest is scheduled to be paid annually on February 27 of each year and on the stated maturity date, with the first interest payment expected on February 27, 2027. Goldman Sachs may, at its option, redeem the notes in whole (but not in part) on specified quarterly redemption dates starting on or after August 27, 2027, at 100% of the outstanding principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

The Goldman Sachs Group, Inc. is offering senior unsecured callable fixed rate notes due 2029 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at 4.25% per annum from the original issue date to the stated maturity date, with payments expected semiannually on February 27 and August 27 each year.

Goldman Sachs may, at its option, redeem the notes in whole (but not in part) at 100% of principal plus accrued interest on specified quarterly redemption dates on or after February 27, 2027, upon at least five business days’ notice. U.S. holders are generally taxed on interest as ordinary income and recognize capital gain or loss on disposition. Distribution is led by Goldman Sachs & Co. LLC and InspereX LLC, with variable initial pricing for certain retirement and fee-based advisory accounts and a disclosed conflict of interest due to the affiliate underwriter.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2036 that pay interest at 5.20% per annum. Interest is expected to be paid semiannually on February 27 and August 27 of each year, beginning August 27, 2026, until the stated maturity date in 2036.

Goldman Sachs may redeem the notes at its option, in whole but not in part, on each scheduled redemption date starting February 27, 2028, at 100% of principal plus accrued and unpaid interest. The notes are unsecured senior obligations, issued in global form through DTC, and are not bank deposits or FDIC insured.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes under its Medium-Term Notes, Series N program. The notes pay interest at 4.00% per annum from the original issue date, expected to be February 25, 2026, to the stated maturity date, expected to be February 25, 2028.

Interest is expected to be paid semiannually on February 25 and August 25, beginning August 25, 2026. Goldman Sachs may, at its option, redeem the notes in whole on each February 25, May 25, August 25 and November 25 on or after August 25, 2026 at 100% of principal plus accrued interest. The notes will be issued in global form through DTC, are unsecured senior debt obligations, and are not bank deposits or FDIC insured.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2030 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at a fixed rate of 4.375% per annum from the expected original issue date of February 27, 2026 to the expected stated maturity date of February 27, 2030.

Interest is expected to be paid semiannually on February 27 and August 27 of each year, beginning August 27, 2026. Goldman Sachs may, at its option, redeem the notes in whole (but not in part) on specified quarterly redemption dates on or after February 27, 2028 at 100% of the outstanding principal amount plus accrued and unpaid interest.

The notes will be issued in book-entry form through DTC, with Goldman Sachs & Co. LLC and InspereX LLC acting as underwriters and intending to make a market, though no trading market is assured. The offer structure allows varying initial prices for certain retirement and fee-based advisory accounts, and the notes are subject to U.S. tax rules, including FATCA, and include detailed selling and marketing restrictions in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland. Because Goldman Sachs & Co. LLC is an affiliate of the issuer, the offering is treated as involving a conflict of interest under FINRA Rule 5121.

GS Finance Corp. is offering S&P 500®-linked buffered notes guaranteed by The Goldman Sachs Group, Inc. The notes have a 10% buffer (buffer level = 90% of the initial underlier level) and a capped cash payoff of $1,165.80 per $1,000 if the final underlier level is ≥ the buffer level. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face per 1% decline below the buffer and could lose the entire investment. Key terms: aggregate face amount $1,150,000, trade date February 10, 2026, original issue date February 13, 2026, determination date February 1, 2028, stated maturity February 3, 2028, initial underlier level 6,941.81. Original issue price is 100% of face, underwriting discount 1.1%, net proceeds to issuer 98.9%. The notes pay no interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers leveraged notes linked to the Global X Copper Miners ETF (COPX). The non‑interest‑bearing notes have an expected trade date of February 13, 2026 and an expected stated maturity of February 19, 2031. At maturity each $1,000 face amount will pay either (a) $1,000 if the final underlier level is equal to or below the initial level, or (b) $1,000 plus the product of $1,000, the upside participation rate of 125% and the ETF return, capped at a maximum settlement amount of $1,600 per $1,000. The notes reference the Global X Copper Miners ETF (ticker COPX) and expose holders to issuer/guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; the estimated value at pricing is between $885 and $925 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2031 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at 4.50% per annum from the original issue date in February 2026 to the stated maturity in February 2031.

Interest is expected to be paid annually each February 27 and at maturity, with the first payment in February 2027. Goldman Sachs may, at its option, redeem the notes in whole on specified quarterly redemption dates starting February 27, 2027 at 100% of principal plus accrued interest.

The notes will be issued in book-entry form through DTC, are unsecured senior debt of Goldman Sachs, are not bank deposits, and are not insured by the FDIC or any government agency. The distribution is led by Goldman Sachs & Co. LLC and InspereX LLC, with detailed selling restrictions in the EEA, UK, Hong Kong, Singapore, Japan, and Switzerland.

GS Finance Corp. offers S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return either the face amount or a cash payment tied to the S&P 500 performance from the trade date to the determination date.

Key terms include a trade date of February 26, 2026, original issue date of March 3, 2026, determination date of February 26, 2029, stated maturity of March 1, 2029, a face amount of $1,000 per note, original issue price of 100%, underwriting discount of 2% and a stated maximum settlement amount of at least $1,195.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2033 under its Medium-Term Notes, Series N program. The notes pay interest at 4.80% per annum from the original issue date, expected to be February 27, 2026, to the stated maturity date, expected to be February 11, 2033.

Interest is expected to be paid annually on February 27 and at maturity, with the first payment on February 27, 2027. Goldman Sachs may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on specified quarterly redemption dates starting May 27, 2027.

GS Finance Corp. prices $ Trigger Autocallable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc., linked to the least performing of the EURO STOXX 50® and the S&P 500®.

The notes pay a quarterly contingent coupon per $10 face amount between $0.2375 and $0.25 (up to 9.50–10.00 per annum), may be automatically called beginning on August 13, 2026, and have a downside threshold equal to 70.00 of each index's initial level. Estimated value at pricing is between $9.80 and $9.99 per $10 face amount. Payments, including principal, are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2031 under its Medium-Term Notes, Series N program. The notes are expected to pay interest at 4.70% per annum, with semiannual payments each February 27 and August 27, beginning August 27, 2026.

Goldman Sachs may redeem the notes at its option, in whole but not in part, at 100% of principal plus accrued interest on specified quarterly redemption dates starting February 27, 2027. The notes will be issued in book-entry form through DTC and are subject to U.S. federal income tax and FATCA rules as described. Distribution is through Goldman Sachs & Co. LLC and InspereX LLC, with detailed selling restrictions in the EEA, United Kingdom, Hong Kong, Singapore, Japan and Switzerland.

GS Finance Corp. offers leveraged EURO STOXX 50® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and have an upside participation rate of 159% measured from the trade date to the determination date.

Key economics: trade date February 27, 2026, original issue date March 4, 2026, determination date February 27, 2029, stated maturity March 2, 2029, original issue price 100% of face amount, underwriting discount 2.5%, net proceeds 97.5%. Payment at maturity: if final underlier > initial, payment = face + face × 159% × underlier return; if final ≥ 80% of initial, payment = face; if final < 80% of initial, payment = face + face × underlier return (losses can equal the full principal).

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2041 under its Medium-Term Notes, Series N program. The notes pay fixed interest of 5.40% per annum from the original issue date, expected to be February 27, 2026, to the stated maturity date, expected to be February 12, 2041.

Interest is expected to be paid annually on February 27 and on the maturity date, with the first payment on February 27, 2027. Goldman Sachs may, at its option, redeem the notes in whole (but not in part) on scheduled redemption dates beginning August 27, 2028, at 100% of principal plus accrued interest. The notes are unsecured senior debt obligations, issued in global form through DTC, and are subject to U.S. federal income taxation on interest and to FATCA withholding rules.

The Goldman Sachs Group, Inc. is issuing $9,001,000 of callable fixed-rate notes due February 12, 2038. The notes pay interest at 5.125% per annum, with annual payments each February 12, starting February 12, 2027.

Goldman Sachs may redeem the notes, in whole but not in part, on February 12, May 12, August 12 and November 12 on or after February 12, 2028 at 100% of principal plus accrued interest. The notes are offered at 100% of principal, with an underwriting discount of 2.447%, resulting in proceeds of $8,780,745.53 before expenses. Goldman Sachs & Co. LLC and InspereX LLC are underwriting and may make a market in the notes.

GS Finance Corp. is offering callable equity-linked notes due in February 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return depends on the worst performer among Alphabet, Amazon, Tesla and NVIDIA.

Starting in February 2027, Goldman can redeem the notes monthly at $1,000 plus a preset call premium ranging from 24% up to 118%, ending in January 2031. If held to maturity and all four stocks finish above their initial prices, investors receive $1,000 plus 3× the gain of the worst-performing stock; otherwise they receive only $1,000.

The notes carry full issuer and guarantor credit risk, have limited anti-dilution protection, may trade below face value, and are expected to have an initial estimated value of $885–$925 per $1,000. For U.S. taxpayers, they are treated as contingent payment debt instruments, requiring annual ordinary income accruals regardless of cash payments.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering buffered equity-linked notes tied to the common stock of Eli Lilly and Company. The notes mature on February 17, 2028, with no periodic interest payments.

At maturity, each $1,000 note pays a cash amount based on Eli Lilly’s stock performance. If the final stock level is at or above the initial level, investors receive $1,000 plus the underlier return, capped at a maximum upside settlement amount of $1,200. If the stock falls but stays at or above 68.5% of the initial level (a 31.5% buffer), investors receive the absolute percentage move as a positive return.

If the final level drops below the 68.5% buffer level, investors lose 1% of face amount for each 1% decline below the buffer and can lose a substantial portion of principal. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. Tax treatment is uncertain and described as a pre-paid derivative contract in counsel’s opinion.

GS Finance Corp. is offering leveraged EURO STOXX 50® index-linked notes due 2032 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and have a face amount of $1,000 per note; payment at maturity depends on the underlier’s performance from the trade date to the determination date.

Key economic terms shown: an upside participation rate of at least 149.25%, a trigger buffer level equal to 60% of the initial underlier level (i.e., a 40% trigger buffer amount), trade date February 27, 2026, original issue date March 4, 2026, determination date February 27, 2032, and stated maturity date March 3, 2032.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Russell 2000 and S&P 500, pay a contingent quarterly coupon of at least $16.375 (1.6375% quarterly; 6.55% per annum) when each underlier is at or above its coupon trigger level, and are automatically called if all underliers are at or above their initial levels on a call observation date. Coupon trigger levels are 70% of initial levels and trigger buffer levels are 55% of initial levels. Trade date is February 27, 2026 with original issue date March 4, 2026 and stated maturity March 4, 2031. The cash settlement at maturity, if not called, is based solely on the lesser performing underlier and could result in a total loss of principal.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due February 15, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date February 19, 2027 for a fixed cash payment of $1,075 per $1,000 face amount, and otherwise provide cash settlement at maturity tied to the S&P 500 performance with a 140% upside participation rate and a 10% downside buffer.

The trade date is February 12, 2026 and original issue date is February 18, 2026. The notes are subject to issuer and guarantor credit risk, model-based pricing differences versus the original issue price, limited liquidity, and uncertain U.S. tax treatment.

GS Finance Corp. offers $2,000,000 aggregate callable contingent coupon notes linked to the iShares® Silver Trust (SLV). The notes mature on February 14, 2028 and pay a contingent monthly coupon of $28.75 per $1,000 (2.875% monthly) only if the closing level of the underlier on each coupon observation date is at least 80% of the initial level of $66.69. The issuer may redeem the notes, at its option, on monthly coupon payment dates beginning in August 2026 through January 2028 at 100% of face plus any coupon due.

At maturity, if the final underlier level is greater than or equal to 80% of the initial level, holders receive $1,000 plus any final coupon; if lower, holders receive $1,000 plus $1,000 times the underlier return, which can result in a substantial loss of principal. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers $10,180,000 aggregate face amount of autocallable, contingent-coupon index-linked notes due April 12, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of 1% per $1,000 face amount if on a coupon observation date each underlier is at or above its 70% coupon trigger level, and will be automatically called if on any call observation date each index is at or above its initial level. If not called, the maturity payoff depends on the lesser performing underlier and includes a 30% buffer (buffer rate ~142.86%) that limits but does not eliminate loss if the worst index falls below 70% of its initial level. Trade date is February 9, 2026 and original issue date is February 12, 2026. The notes are unsecured obligations subject to issuer and guarantor credit risk and possible withholding or uncertain U.S. tax treatment.

GS Finance Corp. prices S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date expected February 27, 2026, original issue date expected March 4, 2026 and stated maturity expected August 30, 2030. Each note has a $1,000 face amount and an upside participation rate of 100%. The notes cap upside at a cap level of at least 152.2% of the initial index level, producing a maximum settlement amount of at least $1,522 per $1,000 face amount, and provide a minimum settlement amount of $900 per $1,000 face amount. The estimated value at the trade date is expected to be between $895 and $945 per $1,000 face amount. Payments at maturity are cash-settled based on the S&P 500® Index final level on the determination date expected August 27, 2030, and are subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices with an aggregate face amount of $4,171,000.

The notes pay a contingent monthly coupon of $10.584 per $1,000 face amount (about 1.0584% per month, or up to approximately 12.7% per year) only if on each observation date all three indices close at or above 70% of their initial levels. If on any call observation date all three indices are at or above their initial levels, the notes are automatically called at $1,000 per note plus the coupon.

If the notes are not called, the maturity payment depends on the worst-performing index. Investors receive full principal only if the worst index finishes at or above 70% of its initial level; otherwise, repayment is reduced one-for-one with the decline, potentially to zero. Investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have no rights in the underlying stocks, and may face limited liquidity and significant price volatility.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000 face amount market-linked notes due February 23, 2029 tied to the Class A common stock of Roku, Inc.

The notes pay a contingent quarterly coupon of at least $51.25 per $1,000 (at least 20.50% per annum) only if Roku’s stock closing price on the relevant calculation day is at or above 60% of the starting price. If the stock is below this coupon threshold on a calculation day, no coupon is paid for that quarter.

Starting with the August 2026 calculation day and through November 2028, the notes are automatically called if Roku’s closing price is at or above the starting price, returning the $1,000 face amount plus a final coupon. If not called, at maturity investors receive $1,000 only if the final price is at or above 60% of the starting price. If the final price is below this downside threshold, repayment is reduced in line with Roku’s decline from the starting price and investors can lose more than 40%, up to their entire principal.

Investors do not participate in any upside of Roku’s stock and receive no dividends. The estimated value on the pricing date is expected to be $900–$930 per $1,000, below the $1,000 offering price, reflecting fees and structuring costs, including an underwriting discount of up to $23.25 per $1,000. All payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are not listed and are intended to be held to maturity.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500® Index, maturing in 2031. The notes pay no interest and the payoff depends entirely on index performance between the trade and determination dates.

If the index rises, investors receive $1,000 plus 104% of the index gain. If the index falls up to the 20% buffer, investors receive only the $1,000 face amount. Below the 80% buffer level, investors lose 1.25% of principal for every additional 1% decline and can lose their entire investment.

The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent guarantor. They will not be listed on an exchange, their estimated value at pricing will be below the issue price, secondary liquidity is uncertain, and U.S. tax treatment is complex and uncertain.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering S&P 500® Index-linked notes due on an expected stated maturity date of September 2, 2031. The notes pay no interest and all return comes from the index performance.

At maturity, each $1,000 note pays a cash amount based on the S&P 500® return from the expected trade date of February 27, 2026 to the determination date, with 100% upside participation, a minimum settlement amount of $900, and a maximum settlement amount of at least $1,530. If the index finishes below its initial level, investors can lose up to 10% of principal; if it rises strongly, gains are capped once the index reaches at least 153% of its initial level.

The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is expected between $885 and $935 per $1,000 face amount, and the notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering no-interest structured notes maturing on February 14, 2028 with returns tied to three ETFs: KraneShares CSI China Internet, State Street® SPDR® S&P® Biotech and VanEck Semiconductor.

For each $1,000 face amount, investors receive a maximum of $1,238.5 if the final level of each ETF is at least 60% of its initial level. If any ETF finishes below 60% but all remain at or above 50%, investors receive only the $1,000 principal. If any ETF ends below 50% of its initial level, repayment is reduced one-for-one with the loss on the worst ETF, and investors can lose most or all of their principal.

The initial ETF levels are $34.34 (KWEB), $126.11 (XBI) and $406.65 (SMH). Aggregate face amount on the issue date is $866,000, original issue price is 100% of face, the underwriting discount is 0.85% and net proceeds are 99.15% of face. The estimated value at pricing is approximately $968 per $1,000, below the issue price, and secondary market prices may include an additional temporary premium that amortizes to zero by May 8, 2026.

GS Finance Corp. is offering auto-callable, income-bearing notes linked to the Nasdaq-100 Index, the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $10.834 per $1,000 face amount (1.0834% monthly, about 13% per year) only if on each observation date all three underliers are at or above 70% of their initial levels.

The notes can be automatically called starting in August 2026 if each underlier is at or above its initial level, returning principal plus the applicable coupon. If held to the expected February 22, 2028 maturity and any underlier has fallen more than 30% from its initial level, repayment of principal is reduced in line with the worst-performing underlier, and investors can lose most or all of their investment. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering Intel-linked medium-term notes that pay a contingent monthly coupon and can be automatically called before their February 2029 maturity. Each $1,000 note pays $14.584 (1.4584% monthly, up to about 17.5% per year) only when Intel’s share price is at or above 60% of the initial level on the relevant observation date.

Principal is protected only if Intel’s final level on the determination date remains at or above 50% of the initial $50.24 level; below that, repayment is reduced one-for-one with the stock’s decline, and investors could lose their entire investment. Upside is capped at par: even if Intel doubles, holders only receive $1,000 per note plus any due coupon. The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., plans to issue zero-coupon notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest and may be automatically called semi-annually from February 2027 through August 2032 if the index closes at or above 101% of its initial level, triggering return-of-principal plus a fixed call return that rises from 11% to 71.5%.

If not called, at maturity in February 2033 investors receive either principal only if the index is below 101% of its start level, or a capped maximum of $1,770 per $1,000 face amount (a 77% maturity return) if the index is at or above 101%. The issuer’s estimated value is between $885 and $925 per $1,000, reflecting embedded fees and hedging costs. The underlying index is a rules-based, volatility- and momentum-controlled basket with daily rebalancing, significant potential cash allocations and a 0.65% per annum deduction on an excess-return basis over the federal funds rate.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon notes linked to the iShares Semiconductor ETF (SOXX), expected to mature in February 2029.

Each $1,000 note pays a contingent quarterly coupon of at least $45 (at least 4.5% per quarter, up to at least 18% per year) only if on the observation date the ETF is at or above 75% of its initial level. Starting in August 2026, the notes are automatically called if the ETF is at or above its initial level, returning $1,000 plus the coupon.

If not called, at maturity investors receive $1,000 plus the final coupon if the ETF is at or above 75% of its initial level, $1,000 with no coupon if it is between 65% and 75%, and a reduced amount if it is below 65%, matching the ETF loss and potentially down to zero. Investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., receive no ETF dividends, and face structural, liquidity and tax risks. The estimated value on the trade date is expected to be $925–$955 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk Contingent Income Auto-Callable Securities linked to Alphabet Inc. Class A stock, scheduled to mature on February 23, 2029.

The notes can be automatically called on quarterly observation dates if Alphabet’s share price is at or above the initial share price, returning $1,000 per security plus any contingent coupon then due. When the stock closes at or above a downside threshold set at 65.00% of the initial share price, investors receive a contingent quarterly coupon based on at least $25.125 per $1,000 principal, adjusted for unpaid coupons. If the final share price is below the downside threshold, repayment of principal is reduced in line with the share decline, and investors may lose all of their investment. The securities are sold at 100% of principal with a 2.25% underwriting discount, have an estimated value range of $915 to $975 per $1,000 at pricing, pay no fixed interest, and will not be listed on any exchange.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Performance Leveraged Upside Securities (PLUS) linked to the S&P 500® Index, maturing on February 7, 2028.

The notes provide 200% leveraged upside on any positive S&P 500 return, but the payout is capped at a maximum payment at maturity of at least $1,257.5 per $1,000 (at least 125.75% of principal). If the index is flat, investors receive $1,000; if it declines, they lose 1% of principal for each 1% index decline, with no minimum repayment, so the entire investment can be lost.

The PLUS pay no interest and do not provide dividends on index stocks. They are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor. The estimated value is disclosed as $925 to $985 per $1,000 PLUS, below the 100% original issue price.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $37,000,000 of Trigger Callable Contingent Yield Notes due 2029 linked to the worst performer of the S&P 500, Russell 2000 and EURO STOXX 50 indices.

The notes can be redeemed by the issuer quarterly from May 2026 to February 2029 at face value plus any due contingent coupon. Investors may receive a quarterly coupon of $0.275 per $10 note (up to 11.00% per year) only if all three indices stay at or above 70% of their initial levels on every trading day in the observation period.

At maturity, if not redeemed and each index is at or above 60% of its initial level, holders receive full principal plus any final coupon. If any index finishes below its 60% downside threshold, repayment is reduced one-for-one with the loss on the worst index, and all principal can be lost. Payments depend on the credit of GS Finance Corp. and its parent guarantor.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering leveraged notes linked to the EURO STOXX 50® Index, maturing in 2031. The notes pay no interest and repay cash at maturity based on index performance from the trade date to the determination date.

If the index finishes at or above its initial level, holders receive $1,000 plus at least 155.7% of the index gain. If the index falls but stays at or above 60% of its initial level, holders receive the absolute index return as a positive gain. If it falls below 60%, repayment is reduced one-for-one with the index loss and principal can be completely lost. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and the estimated value at pricing is lower than the issue price.

Goldman Sachs is offering securities linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, a leveraged, rules-based index tied to E-mini S&P 500 futures. The index adjusts exposure daily based on volatility, calendar signals and price patterns, with exposure capped at 500% and daily leverage changes capped at 100%.

The index applies a daily decrement of 6.0% per annum to its level. Based largely on hypothetical data, it shows annualized returns of -11.15% with 43.34% volatility over 1 year and 11.55% return with 41.83% volatility since January 4, 2021. The securities are unsecured, not bank deposits, and are not insured by the FDIC or any governmental agency.

Goldman Sachs is offering securities linked to the new S&P 500® Futures 40% VT Adaptive Response Index (USD) ER, which overlays the S&P 500® Futures Excess Return Index with a rules-based strategy. The overlay adjusts exposure daily, targeting volatility-managed exposure with a maximum leverage of 500% and a maximum daily leverage change of 100%.

The index, launched on December 27, 2024, uses historical and hypothetical data back to January 4, 2000. For the period ended January 30, 2026, it shows annualized returns of -5.58% over 1 year, 23.19% over 3 years, 18.61% over 5 years and 18.55% since January 4, 2021, with annualized volatility around the 41%–43% range. Index exposure to the underlying S&P 500® Futures Excess Return Index reached 438.95% on January 30, 2026, illustrating the high-leverage nature of the strategy.

The document stresses that much of the performance history is hypothetical, derived from the index sponsor’s website, and that past or hypothetical results should not be viewed as an indication of future performance. The securities are unsecured obligations of GS Finance Corp., not bank deposits and not insured or guaranteed by any governmental agency.

Goldman Sachs is offering securities linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER, which uses E-mini S&P 500 futures with a daily, rules-based leverage overlay. The index targets volatility-adjusted exposure to the S&P 500® Futures Excess Return Index, with leverage capped at 500% and daily changes in leverage limited to 100%.

The index incurs a daily decrement equivalent to 4.0% per year and rebalances daily. It launched on December 27, 2024, with earlier performance based on hypothetical back-tested data from the index sponsor. For the period ended January 30, 2026, the index shows an annualized return of -9.33% over one year but higher multi-year annualized returns than the S&P 500® Index and the S&P 500® Futures Excess Return Index over three, five and since January 4, 2021, based on historical and hypothetical data. On January 30, 2026, index exposure to the S&P 500® Futures Excess Return Index was 438.95%.

The materials emphasize that past performance, including hypothetical back-tests, does not indicate future results and highlight risk factors for investors in securities linked to this leveraged, decrement-based index.

GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., is offering leveraged buffered notes linked to the S&P 500 Futures Excess Return Index, maturing in 2031. The notes provide at least 179% upside participation in index gains and a 20% downside buffer.

If the final index level is above the initial level, holders receive $1,000 plus 179% of the index gain per $1,000 note. If the index falls up to 20%, principal is returned; below the 80% buffer level, principal losses match further declines, up to a substantial loss.

The notes pay no interest, are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent, and are linked to futures, not directly to the S&P 500 Index. The estimated value at pricing is lower than the issue price, and secondary market liquidity is uncertain.

GS Finance Corp. provides a February 2026 supplemental index fact sheet for securities linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The index uses a rules-based overlay on the S&P 500® Futures Excess Return Index, adjusting exposure daily.

The strategy targets volatility-adjusted exposure with calendar and price-pattern signals, subject to a maximum exposure of 500% and a maximum daily change in leverage of 100%, and applies a 6.0% per annum daily decrement. The document highlights extensive risks, including leverage, volatility targeting, complex signals, negative roll yields, and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

Goldman Sachs, through GS Finance Corp., describes unsecured, index-linked notes tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes are guaranteed by The Goldman Sachs Group, Inc. and expose investors to both issuer credit risk and index performance.

The index (SPAR4V6) tracks the S&P 500® Futures Excess Return Index with a rules-based overlay that targets 40% volatility, allows up to 500% leverage and caps daily leverage changes at 100%. It also applies a 6% per annum daily decrement and uses signals based on mean reversion, Federal Open Market Committee dates and turn-of-the-month patterns.

The document highlights that most index history is hypothetical backtested data and stresses that past and simulated performance are not indicative of future results. It includes illustrative auto-callable contingent interest note structures where SPAR4V6 underlies notes offering coupons such as 15.00% and 18.00%, along with backtested internal rates of return and loss frequencies, while emphasizing substantial risks, including leverage, volatility targeting, decrement drag and potential principal loss.

GS Finance Corp, guaranteed by The Goldman Sachs Group, Inc., is offering auto-callable notes linked to Palo Alto Networks, Seagate Technology and Palantir Class A shares. The notes pay variable monthly coupons based on each stock’s price relative to its initial level.

Investors receive the maximum coupon of $7.917 per $1,000 (about 9.5% per year) when all stocks are at or above 70% of their initial prices, and only $0.209 (about 0.25% per year) if any stock falls below that trigger. The notes can be automatically called from 2027 through early 2031, returning principal plus the applicable coupon. At maturity in 2031, holders receive $1,000 per note plus the final coupon, subject to the credit risk of GS Finance Corp and its guarantor. The estimated initial value is between $885 and $925 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non-interest-bearing structured notes linked to an equally weighted basket of four tech stocks: CrowdStrike, Microsoft, Palo Alto Networks and Snowflake.

The notes offer 125% upside participation above the basket’s initial level, a 15% downside buffer, and may be automatically called in 2027 for at least $1,204 per $1,000 face amount if the basket is at or above its initial level. If not called, they mature in 2028 with repayment ranging from full principal to significant loss depending on the basket’s final level. The issuer’s estimated initial value is between $900 and $930 per $1,000 face amount, reflecting fees and pricing model assumptions.

The Goldman Sachs Group, Inc. is offering fixed-to-floating rate notes that pay a fixed 4.37% per annum from March 13, 2026 to June 13, 2026, with interest paid monthly on the 13th.

From June 13, 2026 to April 13, 2027, the notes bear a floating rate equal to compounded SOFR plus 0.15%, subject to a 0.00% minimum rate, also paid monthly. Each note has a $1,000 denomination, matures on April 13, 2027, and is an unsecured obligation of Goldman Sachs, subject to its credit risk and not insured by the FDIC.

The notes are not redeemable before maturity and will not be listed on an exchange, so liquidity may be limited. The issuer may later sell additional notes at different prices. For U.S. tax purposes, the notes are expected to be treated as variable rate debt instruments with potential original issue discount, and Goldman Sachs or affiliates may hedge using SOFR-linked instruments.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term, S&P 500®-linked notes with an approximately eighteen‑month maturity and $10 principal per unit, with a $100,000 minimum purchase.

If the S&P 500® Ending Value is less than or equal to the Starting Value, investors receive their $10 principal plus a fixed "Digital Payment" of 10.00%–15.00%. If the index rises but stays at or below 115.00% of the Starting Value, the notes pay a positive return equal to that percentage increase.

If the index ends above 115.00% of the Starting Value, principal is reduced with 1‑to‑1 negative exposure above that threshold, subject to a Minimum Redemption Amount of $1.50 per unit, so investors can lose most of their principal. The notes pay no periodic interest, have limited secondary market liquidity, and all payments are subject to the credit risk of GS Finance Corp. and its parent guarantor. The initial estimated value is expected between $9.25 and $9.55 per $10 principal amount, below the $10 public offering price.

GS Finance Corp. is offering autocallable equity-linked notes due February 22, 2028 guaranteed by The Goldman Sachs Group, Inc. The notes reference four stocks: Alphabet (GOOG), Microsoft (MSFT), NVIDIA (NVDA) and Tesla (TSLA).

Notes pay no interest, may be automatically called monthly if all underliers close at or above initial levels on a call observation date, and cap upside (maturity premium 16.20%) while exposing holders to downside tied to the lesser performing underlier.

GS Finance Corp. priced Market Linked Securities linked to Robinhood Markets, Inc. (Class A) with a $1,000 face amount per security and an original offering totaling $500,000 face amount. The securities pay a $22.50 monthly contingent coupon per $1,000 (a stated contingent coupon rate of 27.00% per annum) only if the underlying stock's closing price on each calculation day is at or above the coupon threshold (60% of the starting price). The securities are auto-callable if the stock closing price on any call date from August 2026 through January 2027 is greater than or equal to the starting price $82.82, in which case holders receive face amount plus a final contingent coupon. If not called, maturity payment depends on the ending price relative to the downside threshold (60% of the starting price); an ending price below that threshold results in proportional principal loss, possibly up to total loss. Estimated value at pricing was approximately $951 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and there is no exchange listing.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, non‑interest notes linked to an equally weighted basket of eight stocks. The notes trade date is February 6, 2026, original issue date February 11, 2026, and stated maturity February 10, 2028.

The notes pay no interest, have an upside participation rate of 125%, a buffer amount of 15% (buffer level = 85% of initial basket level) and a buffer rate of approximately 117.65%. They will be automatically called on the call observation date February 19, 2027 if the closing basket level is >= initial basket level, producing a capped cash payment of $1,165.5 per $1,000 face amount. The estimated value on the trade date was approximately $945 per $1,000 face amount. Original issue price is 100%, underwriting discount 1.5%, net proceeds 98.5%. Aggregate face amount initially $4,307,000.