Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and include an automatic call on the call payment date if the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level; in that event the issuer will pay $1,090 per $1,000 face amount on the call payment date. If not called, payment at maturity depends on the S&P 500 performance: with a 125% upside participation rate above the initial level, full principal repayment for small declines down to the 75% trigger buffer, and pro rata loss below that buffer (you may lose your entire investment). Key dates: trade date 7/15/2026, original issue date 7/20/2026, call observation 7/22/2027, maturity 7/18/2031. The original issue price equals face amount; underwriting discount is 2.5%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER with a stated maturity of July 10, 2031. The notes pay quarterly contingent coupons (up to $20 per $1,000 per coupon, 2% quarterly) only if the index on an observation date is ≥ 55% of the initial underlier level (868.91), and will be automatically called if the index is ≥ 92% of that initial level on any call observation date commencing April 2027. The index applies leverage (up to 500%), a maximum daily leverage change of 100%, and a daily 4.0% per annum decrement, which reduces index performance. The aggregate initial face amount offered was $845,000; original issue price is 100% and underwriting discount is 4.3%. The estimated model value at pricing was about $914 per $1,000.

GS Finance Corp. offers $1,215,000 of medium‑term structured notes linked to the State Street® Health Care Select Sector SPDR® ETF (ticker XLV). The notes pay no interest, may be automatically called on two annual observation dates and mature on July 12, 2029 (determination date July 9, 2029), with cash settlement formulas tied to the underlier's closing level.

The notes pay a capped upside and expose investors to downside below a trigger buffer level of 70% of the initial underlier level (initial level $164.44): the maturity premium is 24.60%, call premiums are 8.2% and 16.4% on the two observation dates, and investors can lose up to their full investment if the final underlier level is below the trigger buffer. Original issue price was 100% with a 2.25% underwriting discount (net proceeds 97.75%).

GS Finance Corp. prices auto-callable, principal-at-risk notes linked to the VanEck Gold Miners ETF. Each security has a $1,000 face amount and an original offering price of $1,000 per security. The pricing date is July 31, 2026 and the original issue date is August 5, 2026; the stated maturity date is August 3, 2029. If, on any call date, the fund closing price of the underlier is >= 85.00% of the starting price (the threshold), the notes will be automatically called and pay the face amount plus a fixed call premium (minimums range from 13.00% to 39.00% depending on call date). If not called, holders face 1-to-1 downside beyond a 15.00% buffer and may lose up to 85.00% of face amount at maturity. Estimated model value at pricing is $925 to $955 per $1,000 face amount; underwriting discount is up to $25.75 per security (proceeds to issuer $974.25).

GS Finance Corp. is offering Trigger Callable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc., linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®. Commencing October 2026 through April 2029 the issuer may redeem the notes on any coupon payment date for 100% of face plus any contingent coupon then due. Quarterly contingent coupons (at least $0.325 per $10, up to 13% per annum) are paid only if each index closes at or above a 70% coupon barrier on every trading day during the observation period. At maturity, if each index is at or above its 60% downside threshold, holders receive principal plus any final contingent coupon; otherwise repayment is reduced pro rata by the lesser performing index return, potentially resulting in a total loss. The estimated value at pricing is $9.70–$9.99 per $10, original issue price is 100% of face, underwriting discount 1%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) proposes non-interest-bearing, equity-linked medium-term notes with a $1,000 face amount per note. The notes mature on or about July 19, 2029 unless automatically called on specified observation dates beginning July 22, 2027. Automatic redemption will occur if the closing price of each index stock — Intuitive Surgical, Inc., Boston Scientific Corporation and Capital One Financial Corporation — on a call observation date is at or above its applicable call level, producing a capped cash payment equal to principal plus a call premium. At maturity, if not called, the cash payment is either a capped amount of 147.25% of face when all final prices are ≥50% of initial prices, or an amount based on the lesser performing index stock return, which can result in substantial principal loss (including losses greater than 50% if the worst-performing stock falls more than 50%). The estimated value at trade-date terms is between $925 and $955 per $1,000 face amount; original issue price is 100% of face. Payments depend on issuer and guarantor creditworthiness and on calculation-agent determinations by GS&Co.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon notes linked to the S&P 500 Index and the Invesco S&P 500® Equal Weight ETF (RSP). The notes have an aggregate face amount of $590,000, a 2.05% quarterly coupon (potentially 8.20% per annum) payable only when each underlier is at or above 80% of its initial level on observation dates, an automatic call if both underliers reach their initial levels on any call observation date, and a maturity cash settlement that uses the lesser performing underlier with a 20% buffer (buffer level = 80% of initial). Trade date is July 7, 2026, original issue date July 10, 2026, and stated maturity July 11, 2030.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent income auto-callable principal-at-risk notes linked to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100® due January 12, 2029. Each $1,000 security may pay a contingent quarterly coupon (set on the pricing date) only if each underlying index is at or above a downside threshold level of 75.00% of its initial index value on the coupon observation date. The notes are automatically called if, on any call observation date, each index is at or above its initial index value; an automatic call pays $1,000 plus the contingent coupon then due and ends further payments. If not called, payment at maturity equals $1,000 if every final index value is at or above its downside threshold, or otherwise $1,000 multiplied by the worst performing index performance factor (possibly less than $750 and could be zero). Pricing date: on or about July 9, 2026; original issue date: expected July 14, 2026; valuation date: expected January 9, 2029. Estimated value range at issuance: $920 to $980. Underwriting discount: 2.25%; net proceeds to issuer: 97.75%. The contingent coupon example shown is $27.50 per quarter per $1,000 when payable. The securities are unsecured obligations and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due July 29, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and pay contingent quarterly coupons only if the closing level of the underlier, GE Vernova Inc. (Bloomberg: GEV UN), is >= the coupon trigger level on each coupon observation date. The coupon accrues as specified: $51.75 times the number of coupon observation dates less previously paid coupons, subject to the coupon trigger. The notes are automatically called if the underlier closing level on any call observation date is >= the initial underlier level; on an automatic call the issuer pays $1,000 plus any coupon then due. At maturity (if not called) the cash settlement per $1,000 is $1,000 if the final underlier level is >= the trigger buffer (50% of the initial level), otherwise $1,000 × (1 + underlier return), which can result in a total loss of principal if the underlier falls to 0. The trade date is July 10, 2026, original issue date July 15, 2026, and determination date July 26, 2027. The offering shows an underwriting discount of 1% and net proceeds to issuer of 99% of face amount. The notes are senior debt under the GSFC 2008 indenture, book-entry form, CUSIP 40054XM54.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly-coupon, auto-callable notes linked to the common stock of NVIDIA Corporation ("NVDA UW"). The issuer sold an aggregate face amount of $2,048,000 of notes with a face amount of $1,000 per note, issued at 100% of face amount (underwriting discount 1.5%, net proceeds 98.5% of face).

The notes pay a contingent quarterly coupon if the underlier closes at or above a 50% coupon trigger level on each observation date (coupon accrues as $28 times elapsed observation-count, less prior coupons). They will be automatically called on any call observation date if the underlier closes at or above the initial underlier level $196.93. At maturity (July 12, 2029) the cash settlement per $1,000 is $1,000 if the final underlier level is at or above the 50% trigger buffer; otherwise the payment equals $1,000 × the underlier return, exposing investors to potential total loss of principal.

GS Finance Corp. / The Goldman Sachs Group, Inc. are offering contingent quarterly-coupon, autocallable notes linked to Microsoft Corporation (MSFT) common stock with an aggregate face amount of $850,000. The notes pay a contingent quarterly coupon of $28.625 per $1,000 (2.8625% quarterly; up to 11.45% per annum) when the underlier meets the 65% coupon trigger, are automatically called if the underlier closes at or above the initial level, and repay principal at maturity based on the underlier return (subject to a 65% trigger buffer), including the possibility of a total loss of principal if the final underlier level is below the trigger buffer.

GS Finance Corp. is offering leveraged, principal-at-risk notes linked to the SPDR® Gold Trust (GLD), guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, an upside participation rate of 300%, a cap level of approximately 106.583% of the initial underlier level and a maximum settlement amount of $1,197.5 per $1,000 face amount. The trade date is expected to be July 23, 2026, original issue date expected July 28, 2026, determination date expected August 23, 2027 and stated maturity expected August 26, 2027. Notes pay no interest; positive payoff = $1,000 + $1,000 × 3 × underlier return (capped), negative payoff = $1,000 + $1,000 × underlier return. Estimated initial value is $925–$965 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and various market, tax and structural risks described in the supplement.

GS Finance Corp. priced $2,125,000 aggregate Underlier‑Linked Notes due July 12, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF measured from the trade date July 7, 2026 to the determination date July 7, 2028. For each $1,000 face amount, the cash settlement at maturity equals either (a) $1,000 plus the lesser performing underlier return (100% participation) capped at a $1,410 maximum settlement amount, or (b) if any underlier return is ≤ 0%, the greater of a $950 minimum settlement amount or $1,000 plus $1,000 times the lesser performing underlier return. The estimated value on the trade date was approximately $960 per $1,000 face amount; original issue price was 100% with a 2.55% underwriting discount (net proceeds 97.45%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable notes linked to the Nasdaq-100 Futures Excess Return™ Index. The notes have an expected trade date of July 24, 2026, an expected original issue date of July 29, 2026, an expected call observation date of August 2, 2027 and an expected stated maturity of July 29, 2031. If, on the call observation date, the underlier’s closing level is greater than or equal to the initial level the notes will be automatically redeemed on the call payment date for $1,160 per $1,000 face amount. If not called, at maturity the payoff per $1,000 depends on the underlier return: a positive return pays $1,000 + $1,000 × 3.10 × index return; a decline up to 35% returns $1,000; a decline greater than 35% results in a pro rata loss (you could lose the entire investment). The estimated value at pricing is $885–$935 per $1,000, and the issue price is 100% of face. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Contingent Income Auto-Callable Securities linked to the common stock of Citigroup Inc. due July 20, 2029.

The securities pay a contingent quarterly coupon (at least $26.25 per $1,000 if the underlying closing price on a coupon observation date is ≥ the downside threshold), are automatically callable if the underlying closes ≥ the initial share price on any call observation date, and expose investors to a final payoff equal to $1,000 (plus final coupon) if the final share price is ≥ the downside threshold or to $1,000 × (final share price / initial share price) if below. The downside threshold is set at 65.00% of the initial share price. The pricing date is expected on or about July 17, 2026, original issue date expected July 22, 2026, and GS&Co. estimates an estimated value range of $910 to $970 per security.

GS Finance Corp. offers $ Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a $0.2875 contingent quarterly coupon per $10 face amount (up to 11.50% per annum) only if NVIDIA Corporation closing prices meet the coupon barrier. Commencing January 2027 the notes are automatically called if NVIDIA's closing price on a call observation date is greater than or equal to the initial price set on the trade date. If not called, principal repayment at maturity is contingent: holders receive $10 if the final price is at or above the downside threshold (expected between 55.00% and 50.00% of the initial price); if below, repayment is reduced pro rata to the stock return and holders could lose all principal. Payments are subject to GS Finance Corp. and Goldman Sachs' creditworthiness.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers $ Trigger Autocallable GEARS linked to an equally weighted basket of 29 stocks.

Each note has an initial underlying basket level of 100, an upside gearing of 1.30, an autocall barrier of 100% of initial level, a downside threshold of 75% of initial level and a call return set on the trade date between 30.00% and 31.50%. Trade date is July 9, 2026, original issue date expected July 14, 2026, call observation date expected July 16, 2027 (call payment July 21, 2027), determination date expected July 9, 2029 and stated maturity expected July 12, 2029. Notes pay no coupons, may be automatically called, and provide contingent repayment of principal only at maturity; payments are subject to the issuer and guarantor credit risk. The estimated model value on the trade date is between $9.10 and $9.40 per $10 face amount and the minimum initial purchase is $1,000.

GS Finance Corp. priced autocallable, non-interest-bearing notes linked to the Russell 2000® Futures Excess Return Index with an upside participation rate of 285%. The notes have a trade date expected July 24, 2026, an original issue date expected July 29, 2026, a call observation date expected August 2, 2027 (call payment August 5, 2027), and a stated maturity expected July 29, 2031. If the index on the call observation date is >= the initial level, the notes will be automatically redeemed for $1,160 per $1,000 face amount. If not called, maturity payoffs: 1) if final level > initial level, investor receives $1,000 + $1,000×2.85×index return; 2) if final decline is between 0% and -35% inclusive, investor receives $1,000; 3) if final decline is worse than -35%, investor receives $1,000 + $1,000×index return (loss can be total). The estimated value on the trade date is $885–$935 per $1,000 face. Payments are subject to issuer/guarantor credit risk and market, tax and roll-yield risks.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due January 13, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash per $1,000 face amount based on S&P 500 performance from the trade date to the determination date.

Key economic terms: upside participation rate 150%, maximum settlement amount $1,207.50 per $1,000, buffer level 90% (10% buffer) and buffer rate ≈ 111.11%. Trade date is July 9, 2026, original issue date July 14, 2026, determination date January 10, 2028.

GS Finance Corp. priced contingent coupon, autocallable notes linked to the Nasdaq-100 Index® and the VanEck Semiconductor ETF (SMH). The notes trade on a trade date of July 7, 2026 with an original issue date of July 9, 2026 and a stated maturity of April 12, 2029. Coupons of $8.75 per $1,000 (0.875% monthly, up to 10.5% per annum) are payable on each coupon payment date only if the closing level of each underlier on the related coupon observation date is at least 70% of its initial level. The notes will be automatically called if, on a call observation date (Jan 2027–Mar 2029), the closing level of each underlier is ≥ 90% of its initial level, in which case holders receive face amount plus the coupon. At maturity (if not called) repayment is determined by the lesser performing underlier against buffer rules (buffer level = 75% of initial; buffer amount = 25%), exposing holders to downside losses if any underlier falls below the buffer. The aggregate initial face amount was $958,000; estimated value at pricing was approximately $947 per $1,000. Fees include a 3.5% underwriting discount; net proceeds to issuer 96.5% of face.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Contingent Income Auto-Callable Securities linked to the common stock of Microsoft Corporation that mature on July 20, 2029. The securities pay a contingent quarterly coupon only if the closing price of Microsoft on each coupon observation date is at or above a downside threshold equal to 75.00% of the initial share price. The securities will be automatically called if Microsoft’s closing price on any call observation date is at or above the initial share price, in which case holders receive principal plus the contingent coupon then due. At maturity, if not called, holders receive $1,000 if the final share price is at or above the downside threshold; otherwise the payment equals $1,000 × (final share price / initial share price), exposing holders to a 1:1 decline and potential loss of principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is pricing Contingent Income Auto-Callable Securities linked to NVIDIA Corporation common stock that mature on July 20, 2029. Each security has a $1,000 stated principal amount and may pay a contingent quarterly coupon (the coupon formula uses at least $25.875 per coupon observation increment). The securities are automatically called early if the underlying closing price on any call observation date is greater than or equal to the initial share price; if not called, payment at maturity equals $1,000 if the final share price is at or above the downside threshold (set at 50.00% of the initial share price) or otherwise equals $1,000 × (final share price / initial share price), exposing investors to up to a total loss. The pricing date is expected on or about July 17, 2026 and original issue date is expected to be July 22, 2026. An estimated value range of $910 to $970 per security is disclosed and the underwriting discount is 2.25%.

GS Finance Corp. offers $8,532,330 of Capped GEARS linked to the S&P 500® Index, due 2027, guaranteed by The Goldman Sachs Group, Inc. These unsecured notes provide upside exposure equal to the index return multiplied by an upside gearing of 3.00 capped at a maximum return of 13.10%, yielding a maximum settlement amount of $11.31 per $10 face amount. If the final index level is below the initial index level (7,503.85), investors receive less than face amount and may lose up to the full investment. Key dates include a trade date of July 7, 2026, original issue date July 9, 2026, determination date July 13, 2027 and stated maturity July 16, 2027. The original issue price is 100.00% of face amount with a 2.00% underwriting discount. Payments depend on GS Finance Corp. and Goldman Sachs creditworthiness and the securities may have limited secondary-market liquidity.

The issuer is offering market-linked notes tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an expected trade date of July 24, 2026 and an expected stated maturity of July 29, 2031. Coupons may pay monthly only if the index on a coupon observation date is at or above 50% of the initial underlier level; automatic redemption may occur on certain observation dates if the index is at or above the initial level. The index applies leverage (up to 500% maximum exposure and a maximum daily leverage change of 100%), and a daily decrement of 6.0% per annum that reduces index levels. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and their payment depends on issuer and guarantor creditworthiness. The estimated value at pricing is between $885 and $935 per $1,000 face amount; purchasers may lose up to the full principal if the final underlier level is below the trigger buffer (50%).

GS Finance Corp. is offering autocallable index-linked notes due July 22, 2033 guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays either an automatic-call cash amount on specified annual call dates or, if not called, a cash settlement at maturity linked to the Goldman Sachs Momentum Builder® Focus ER Index performance. The notes carry a 100% upside participation rate, no periodic interest, and an estimated trade-date value of $850 to $880 per $1,000. The product includes annual automatic-call tests with rising call levels and capped call payments, is subject to issuer and guarantor credit risk, and the index methodology may allocate material exposure to hypothetical cash positions and apply a 0.65% per annum deduction.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay 4.875% interest per annum, expected to be issued on July 21, 2026 and maturing on January 21, 2030. Interest is expected semiannually on January 21 and July 21, with the first payment expected on January 21, 2027.

The notes are payable in book-entry form through DTC, may be redeemed in whole at issuer option on specified quarterly redemption dates beginning July 21, 2027, and are being distributed through Goldman Sachs & Co. LLC as underwriter and initial purchaser. The pricing supplement supplements the accompanying prospectus and prospectus supplement and incorporates customary tax and distribution provisions, including FATCA withholding and jurisdictional selling restrictions for the EEA, U.K., Hong Kong, Singapore, Japan, and Switzerland.

GS Finance Corp. offers Trigger Autocallable Notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date of July 10, 2026, an original issue date of July 15, 2026, and a stated maturity of July 13, 2028. The notes may be automatically called on quarterly call observation dates beginning after 12 months if the index closes at or above the autocall barrier of 100.00% of the initial index level, producing per-$10 call payments tied to a per‑annum call return range of 8.50%–9.10%. If not called, maturity payoffs depend on the final index level versus a downside threshold of 75.00% of the initial level; a final index below that threshold produces a proportional loss of principal. The offering price is set at 100.00% of face amount, underwriting discount 1.75%, and net proceeds 98.25%.

These notes do not pay coupons, expose holders to the issuer and guarantor credit risk, and may result in the loss of some or all principal. The estimated model value on the trade date is expected to be between $9.50 and $9.80 per $10 face amount.

GS Finance Corp. offers equity‑linked notes tied to an equally weighted basket of nine large-cap stocks with an expected trade date of July 10, 2026, an expected original issue date of July 15, 2026 and an expected stated maturity of July 13, 2028. The notes pay no interest, are automatically called if the basket closing level on the call observation date (expected July 23, 2027) is greater than or equal to the initial basket level of 100, and would pay at least $1,205.5 per $1,000 face amount if called. If not called, maturity payment depends on the basket return with an upside participation rate of 125% and a buffer level of 80% (buffer amount 20%). The estimated value at pricing is between $900 and $930 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non-interest medium-term notes linked to an equally-weighted basket of Arista Networks, Credo Technology Group and Marvell Technology. The initial basket level is 100. If the final basket level is ≥ 100 on the determination date, holders receive a capped threshold/maximum settlement amount of $1,662 per $1,000 face amount; if the final basket level is below 100, the cash payment equals $1,000 plus $1,000 multiplied by the basket return. Key dates expected at issuance: trade date July 15, 2026, original issue date July 20, 2026, determination date July 21, 2027, and stated maturity date July 26, 2027. Original issue price is 100% of face amount, underwriting discount is 2%, and net proceeds to issuer are 98%. The estimated value on the trade date is between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $6.042 per $1,000 (0.6042% monthly, ~7.25% per annum potential) when each underlier equals or exceeds 60% of its initial level on the coupon observation date. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, use a 60% buffer/trigger level and a 40% buffer amount with a 100% buffer rate. Trade date is July 8, 2026, original issue date July 13, 2026, and stated maturity is July 12, 2029. If not called, maturity cash settlement is determined solely by the lesser performing underlier; certain low final underlier levels can produce substantial principal loss (for example, a 15% final underlier level maps to a 55.000% cash settlement of face amount).

GS Finance Corp. is offering $1,000‑face Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due July 11, 2033, guaranteed by The Goldman Sachs Group, Inc. The payment at maturity (if not called) is linked to the Goldman Sachs Momentum Builder Focus ER Index and features a 100% upside participation rate and an automatic annual call if the index closes at or above 101% of the initial index level on a call observation date. The index targets momentum across up to nine underlying indices plus a money‑market position, applies a 5% realized volatility control, and charges a 0.65% per annum deduction (accruing daily). GS&Co.’s estimated trade‑date value is $885 to $925 per $1,000 face amount, below the issue price. The notes do not bear interest, are subject to issuer and guarantor credit risk, and may allocate largely to hypothetical cash positions, which can limit index returns.

GS Finance Corp. is offering $1,000‑face buffered S&P 500® index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P 500 return measured from the trade date to the determination date. If the final index level is at or above the initial level, payment equals the index return subject to a maximum upside settlement amount of $1,202.50 per $1,000 face. If the index falls up to the 20% buffer (buffer level = 80% of initial), the notes pay the absolute index decline as a positive return. If the index declines beyond the buffer, investors suffer a proportional loss of principal. Trade date is July 31, 2026, original issue date August 5, 2026, determination date July 31, 2028, and stated maturity August 3, 2028. The notes are part of GS Finance Corp.'s Medium‑Term Notes, Series F program and carry issuer and guarantor credit risk.

GS Finance Corp. is offering digital equity-linked notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Costco Wholesale Corporation (Bloomberg: COST UW). For each $1,000 face amount, the notes pay no periodic interest and at maturity will pay either the maximum settlement amount of $1,255 if the final underlier level is greater than or equal to the initial level, or the face amount ($1,000) if the final underlier level is lower. Key dates shown include a trade date of July 31, 2026, original issue date of August 5, 2026, determination date of July 31, 2029 and stated maturity of August 3, 2029. The pricing supplement notes the original issue price will exceed the model-estimated value, that GS&Co. may make a market but is not obligated to, and that investors bear issuer/guarantor credit risk and tax treatment as contingent payment debt instruments.

GS Finance Corp. offers $1,000 face‑amount autocallable index‑linked notes due July 13, 2033 guaranteed by The Goldman Sachs Group, Inc. Payments depend on the Goldman Sachs Momentum Builder Focus ER Index. The notes have an upside participation rate of 100%, annual automatic call opportunities with rising call levels and capped call premiums, and estimated trade‑date model values of $850 to $890 per $1,000 face amount.

These notes do not pay interest, are subject to issuer/guarantor credit risk, may be allocated heavily to hypothetical cash positions (which carry a 0.65% annual deduction), and may return only the face amount at maturity if the index return is zero or negative.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2031 that are fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and returns at maturity are based on the S&P 500 index performance from the trade date to the determination date, subject to a 20% buffer (buffer level 80%) and a capped maximum settlement amount of $1,573. If the final index level declines by more than the buffer, investors lose proportionally and could lose a substantial portion of principal. The notes pay no interest, are cash-settled, and are exposed to issuer/guarantor credit risk, limited secondary-market liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Goldman Sachs Momentum BuilderFocus ER Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the index return: if the final index level exceeds the initial level, holders receive principal plus the upside participation rate times the index return; otherwise holders receive the face amount.

Key terms set on the trade date include a trade date of July 28, 2026, original issue date July 31, 2026, determination date July 30, 2029, stated maturity August 2, 2029, an upside participation rate of at least 420%, a deduction of 0.65% per annum (accruing daily) in the index, and a volatility control level of 5%. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable equity-linked notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Micron Technology, Inc. and pay no interest. If the underlier closing level on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay $1,700 per $1,000 face amount on the call payment date. If not called, maturity payments vary by Micron's performance: investors participate at a 150% upside participation rate for positive returns, receive principal if Micron is at or above 50% of the initial level, or suffer a proportional decline if Micron falls below 50% (investors could lose their entire investment). Key dates include a trade date of July 22, 2026, an original issue date of July 27, 2026, a call observation date of July 29, 2027 (call payment August 3, 2027), and a stated maturity date of July 26, 2029.

GS Finance Corp. is offering structured notes linked to the common stock of Applied Materials, Inc., Class B common stock of NIKE, Inc. and the common stock of Netflix, Inc.. The notes have a face amount of $1,000 per note, a trade date expected on July 28, 2026, an original issue date expected on July 31, 2026, and a stated maturity date expected on August 2, 2029. Monthly coupon payments may occur if, on each coupon observation date, the closing price of each index stock is at least 60% of its initial price; the coupon framework references at least $12 per $1,000 face amount (at least 1.2% monthly). The notes include an automatic call feature (call observations commencing July 2027) and a maturity payoff that either returns principal (if no trigger event) or, if a trigger event occurs, pays an amount tied to the lesser performing index stock subject to an 80% buffer and a 20% buffer amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be between $925 and $965 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable notes linked to the S&P 500® Futures Excess Return Index due 2031. The notes pay no interest, may be automatically called on the call observation date for a $1,160 payment per $1,000 face amount if the underlier is at or above the initial level, and at maturity pay an amount tied to the final underlier level with an upside participation rate of 235% and a trigger buffer level of 65%. The underlier tracks E-mini S&P 500 futures (not the S&P 500® Index) and is subject to roll yield, market disruption and issuer/guarantor credit risk. The pricing terms (including aggregate face amount and fees) will be set on the trade date.

GS Finance Corp. priced Buffered S&P 500® Index-Linked Notes due August 5, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash amount per $1,000 face based on S&P 500 performance from the trade date to the determination date, subject to a 30% buffer (buffer level 70%) and a capped maximum settlement amount of at least $1,072.50. Trade date is July 31, 2026, original issue date August 5, 2026, determination date August 2, 2027. If the final index level is below the buffer level, investors can lose a substantial portion of principal; if above, upside is capped at the stated maximum.

GS Finance Corp. is offering autocallable, State Street Health Care Select Sector SPDR ETF-linked notes due July 12, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are automatically called if the underlier closes at or above its initial level on specified observation dates, and provide capped upside (24.00% at maturity) or full downside exposure below a 70% trigger buffer.

Payments are cash-settled per $1,000 face amount: scheduled call paydays carry specified call premiums (8% or 16%), maturity payoff is $1,000 plus a capped premium if the final underlier level is at/above the initial level, $1,000 if final level is between 70% and 100% of initial, or $1,000 plus the underlier return (which can result in total loss) if below 70%.

GS Finance Corp. is offering structured, index-linked notes due August 5, 2031 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and their cash settlement at maturity depends on the performance of two underliers — the MSCI EAFE Index and the EURO STOXX 50® Index — with the payout determined by the lesser performing underlier.

If both underliers finish above their initial levels, investors receive the face amount plus 230% times the lesser performing underlier return per $1,000 face amount. If any underlier finishes below its initial level but at or above 70% of its initial level, investors receive the face amount. If any underlier finishes below 70%, holders incur losses pro rata to the lesser performing underlier return and could lose their entire investment.

GS Finance Corp. is offering autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Nasdaq-100 and Russell 2000 underliers and pay no interest. They will be automatically called on annual observation dates if each index closes at or above its initial level, in which case investors receive the face amount plus a call premium. If not called, the maturity cash payment depends solely on the performance of the lesser performing underlier: if that underlier is below an 80% trigger buffer, investors suffer a proportional loss (you could lose your entire investment); if it is at or above its initial level a capped upside applies (maturity premium at least 42%).

The trade date is July 28, 2026, original issue date July 31, 2026, determination date July 30, 2029, and stated maturity date August 6, 2029. The notes are book-entry, unlisted, and the calculation agent is Goldman Sachs & Co. LLC. Pricing terms, aggregate face amount and underwriting discounts are set on the cover and may vary by investor class.

GS Finance Corp. proposes an offered series of non‑interest bearing, autocallable notes linked to an equally weighted basket of five large-cap U.S. technology stocks (Alphabet Class A, Amazon, Apple, Meta Class A and Netflix). The notes have an initial basket level of 100, a trigger buffer of 80% and an expected stated maturity date of July 19, 2029, with call observation dates beginning on July 15, 2027 and an expected trade date of July 15, 2026.

If the notes are not called, the maturity payment per $1,000 face amount is capped at $1,445.50 when the final basket level is greater than or equal to the initial level, returns the principal ($1,000) when the final basket level is between 80% and 100% of the initial level, and falls below principal if the final basket level is less than 80%, with losses pro rata to the basket return. The estimated value on the trade date is between $925 and $955 per $1,000 face amount. Holders are exposed to issuer and guarantor credit risk and to calculation‑agent discretion.

GS Finance Corp. offers Digital Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of FedEx Corporation (ticker FDX). Each note has a face amount of $1,000, does not pay interest, and is payable in cash at maturity.

If the final underlier level on the determination date is greater than or equal to the initial underlier level, each note pays a capped maximum settlement amount of $1,281 per $1,000 face amount; if the final level is less than the initial level, each note pays the face amount ($1,000). Trade date is July 31, 2026, original issue date August 5, 2026, determination date July 31, 2029, and stated maturity date August 3, 2029. The notes expose holders to the credit risk of the issuer and guarantor and to limited upside due to the capped payout.

GS Finance Corp. offers callable S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $1,000 per note) pay no interest, reference the E‑mini S&P 500 futures-based index, and mature on the stated maturity date expected to be July 31, 2031, subject to earlier discretionary redemption by the issuer on monthly call payment dates beginning in August 2027. At maturity the cash settlement per $1,000 depends on the underlier return from the trade date (expected July 28, 2026) to the determination date (expected July 28, 2031): if final level > initial level you receive $1,000 plus 250% of the index return; if final level ≥ 80% of initial you receive $1,000; if final level < 80% you receive $1,000 plus (index return + 20%)×$1,000, which can result in substantial losses. The estimated value on the trade date is stated between $885 and $935 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500®, Russell 2000® and the iShares® MSCI Emerging Markets ETF. The notes mature on April 6, 2027 unless redeemed and may pay monthly coupons of $9.792 per $1,000 face amount when each underlier is at or above 77.5% of its initial level. At maturity the cash settlement depends solely on the lesser performing underlier; a 22.5% buffer (buffer rate ~129.03%) applies to downside below the buffer level. The estimated value at pricing is $925–$955 per $1,000 face amount. The calculation agent is Goldman Sachs & Co. LLC and redemption at issuer option is possible on monthly coupon dates beginning August 2026.

GS Finance Corp. is offering Market Linked Notes—Upside Participation to a Cap and Principal Return at Maturity linked to the SPDR® Gold Trust with a stated maturity date of August 2, 2030. The notes have a $1,000 face amount and an original offering price of $1,000 per note. The pricing date is expected to be July 30, 2026. The estimated value on the pricing date is expected to be between $900 and $930 per $1,000 face amount. At maturity investors receive principal and, if the underlier increases, 100% participation up to a maximum return of at least 36.50% (i.e., at least $365), subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Digital EURO STOXX 50® Index-Linked Notes due July 21, 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 EURO STOXX 50® performance from the trade date to the determination date.

If the final underlier level is ≥ the trigger buffer level (75% of the initial level), holders receive the greater of a threshold settlement amount (at least $1,386) or $1,000 plus the product of $1,000 and the underlier return. If the final underlier level is below the trigger buffer level, payment equals $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal.