Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers principal-protected indexed notes linked to the Goldman Sachs Momentum Builder Focus ER Index with an aggregate face amount of $1,265,000. The notes pay no interest, may be automatically called on specified annual observation dates and mature on July 6, 2033 if not called.

Payments at maturity or on a call depend on index performance, with an upside participation rate of 100%, call premiums that increase by year (first-year call premium 15.60%), and a prospectus-estimated trade-date value of $895 per $1,000 face amount (less than issue price). The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to credit, index-methodology, volatility-control and tax risks described in this pricing supplement.

GS Finance Corp. is offering medium-term notes linked to the S&P 500® Index with an aggregate face amount of $2,072,000. The notes pay no periodic interest and return for each $1,000 face amount will be either the face amount or, if the final index level exceeds the initial level, $1,000 plus the index return subject to a $1,530 maximum settlement amount. The trade date is June 30, 2026, original issue date is July 6, 2026, determination date is June 30, 2031 and stated maturity is July 3, 2031. The issuer has determined a comparable yield of 4.8929% per annum and a projected payment at maturity of $1,277.29 per $1,000 for U.S. federal income tax accrual purposes. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both entities.

GS Finance Corp. proposes Digital S&P 500® Futures Excess Return Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc., with key economics set on the trade date. For each $1,000 face amount, payment at maturity depends on the underlier return versus a 70% trigger buffer and a threshold settlement amount of at least $1,505. The notes pay no interest and may pay the greater of the threshold amount or a payoff tied to the underlier when the final level is at or above the initial level. If the final level is below the trigger buffer level, investors suffer a loss equal to the percentage decline (they could lose their entire investment). Trade date: July 28, 2026; original issue date: July 31, 2026; determination date: July 28, 2031; stated maturity: July 31, 2031. The underlier tracks E-mini S&P 500 futures (Bloomberg: SPXFP Index) and is exposed to negative roll/contango, financing costs, and issuer/guarantor credit risk. CUSIP: 40054XEW4.

GS Finance Corp. offers principal‑protected contingent notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, investors receive either the face amount, a capped positive payoff tied to the underlier return (125% participation, capped at $1,249), or a leveraged downside if the index declines beyond an 80% buffer, potentially losing the entire investment. Trade date is June 30, 2026, original issue date July 6, 2026, stated maturity July 6, 2028. The notes pay no interest and are subject to issuer and guarantor credit risk.

The GS Finance Corp. pricing supplement describes leveraged EURO STOXX 50® index-linked notes due July 22, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity based on the underlier return measured from the July 17, 2026 trade date to the July 17, 2031 determination date.

Key terms: an upside participation rate of 166.1%, a trigger buffer level at 60% of the initial underlier level (a trigger buffer amount of 40%), no periodic interest, and cash settlement. If the final underlier level is below the trigger buffer, losses are pro rata and investors could lose their entire investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term notes linked to the S&P 500 Index. Each $1,000 face amount will pay either $1,000 or $1,000 plus the underlier return at maturity, but any positive return is capped at a maximum settlement amount of $1,212.50. The notes pay no periodic interest, have an original issue price equal to face amount less a 1% underwriting discount, and reference an initial underlier level of 7,499.36 (trade date June 30, 2026). The determination date is April 2, 2029 and the stated maturity date is April 5, 2029. Holders bear issuer and guarantor credit risk; tax treatment follows contingent payment debt rules with a comparable yield of 4.7017% per annum and a projected maturity payment of $1,138.44 for an initial $1,000 investment.

GS Finance Corp. offers structured, non‑interest bearing notes linked to the S&P 500® Index. For each $1,000 face amount, investors receive at maturity either the face amount or a cash payment equal to the index return times the face amount, capped at a $1,453 maximum settlement amount. The notes have a trade date: June 30, 2026, an original issue date: July 6, 2026, a determination date: June 30, 2031, and a stated maturity date: July 3, 2031. The offering shows an aggregate face amount of $546,000, an original issue price of 100%, underwriting discount of 2.5%, and net proceeds to the issuer of 97.5%.

The notes are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., subject to issuer and guarantor credit risk. Tax treatment is as contingent payment debt instruments; the pricing supplement states a comparable yield of 4.8929% and a projected maturity payment of $1,277.29 per $1,000 note for tax accrual purposes.

GS Finance Corp. is offering autocallable, buffered S&P 500® index-linked notes due July 6, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called if the S&P 500 closing level on the call observation date (July 13, 2027) is at or above the initial index level 7,499.36, and would pay $1,097.20 per $1,000 on the call payment date (July 16, 2027) if called. If not called, maturity payment depends on the underlier return: 125% upside participation when the final level is at or above the initial level; the absolute value of a decline up to 15%; and a downside applying a buffer rate ≈ 1.1765 to losses beyond a 15% buffer. Trade date is June 30, 2026; original issue price is 100% of face with underwriting discount 1.5% (net proceeds 98.5%). The estimated value on the trade date was approximately $983 per $1,000. The aggregate original face amount is $2,795,000. The notes are unsecured obligations and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured medium-term notes linked to the Russell 2000® Index and the S&P 500® Index with an aggregate face amount of $4,752,000. The notes pay no interest, include a 200% upside participation rate, and feature an 85% buffer level and 15% buffer amount. If, on the call observation date, each underlier is at or above its initial level the notes will be automatically called and pay $1,130 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on the lesser performing underlier; significant principal loss is possible if that underlier falls below the buffer.

The pricing supplement describes GS Finance Corp. offered notes—contingent quarterly coupon, equity‑linked notes referenced to Meta Platforms, Inc. common stock. The offering shows an aggregate face amount of $679,000, original issue price of 100% of face amount and an underwriting discount of 1.5%.

Key economics: the initial underlier level is $563.29; the coupon trigger and trigger buffer level are each 60% of that initial level; the stated maturity date is January 4, 2028 with determination date December 30, 2027. Coupons accrue as a function of $28.50 per qualifying observation schedule and the notes are subject to an automatic call if the underlier closes at or above the initial level on a call observation date. Investors face credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential loss of principal if the final underlier level is below the trigger buffer, and limited upside at maturity (cash settlement capped at 100% of face amount).

The pricing supplement describes GS Finance Corp. notes linked to the S&P 500® Index with a 2-year term (trade date June 30, 2026, stated maturity July 6, 2028). For each $1,000 face amount the cash payment at maturity depends on the index performance: full participation up to a Maximum settlement amount of $1,220, principal protection only if the final level is >= the Buffer level of 90%, and pro rata losses if the final level is below the buffer.

The notes pay no interest, are senior unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc. The aggregate initial face amount is $1,769,000, original issue price is 100% of face and underwriting discount is 1%.

GS Finance Corp. is offering contingent quarterly coupon, S&P 500-linked notes issued July 6, 2026 and maturing July 7, 2031 (subject to early redemption). The aggregate face amount shown is $558,000. Coupons of $18.375 per $1,000 (1.8375% quarterly, up to 7.35% per annum) are paid only when the underlier closes at or above the coupon trigger level (75% of the initial level) on an observation date. At maturity (if not earlier redeemed), principal repayment per $1,000 depends on the S&P 500 final level versus the trigger buffer level (70% of the initial level): if the final level is at or above the buffer you receive $1,000; if below the buffer you receive $1,000 × the underlier return and could lose your entire investment. The issuer may redeem the notes on coupon payment dates commencing in July 2027 through April 2031. The original issue price is 100% of face, underwriting discount is 1.125%, and net proceeds to issuer are 98.875% of face. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable buffered notes linked to the iShares® Semiconductor ETF (SOXX) with an original issue date of July 6, 2026 and a stated maturity of July 6, 2028. The notes pay no interest and feature an automatic call if the closing level of the underlier on the call observation date (July 7, 2027) is greater than or equal to the initial underlier level of $640.76, producing a capped call payment of $1,275 per $1,000 face amount.

If not called, maturity payoff is: participation of 125% on positive returns, full return of principal for declines up to 20%, and a downside exposure beyond the buffer (losses greater than 20% reduce principal). The estimated value at pricing is approximately $958 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.75% and net proceeds to issuer of 98.25%. The offering aggregates $2,601,000 in face amount and is guaranteed by The Goldman Sachs Group, Inc..

GS Finance Corp. priced structured notes linked to the S&P 500 Index with credit support from The Goldman Sachs Group, Inc. The offering aggregates $600,000 of notes with a face amount payoff profile: for each $1,000 note you receive either a capped $1,194 if the final underlier level is at or above an 85% trigger buffer, or a cash payment equal to $1,000 plus $1,000 times the underlier return if the final level is below the trigger buffer. The notes pay no interest and mature on July 6, 2028 (determination date June 30, 2028), with an initial underlier level of 7,499.36. The original issue price is 100% of face amount; underwriting discount is 0.8%, net proceeds 99.2% of face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and bear issuer and market‑risk, limited upside and potential for complete loss of principal if the underlier falls below the trigger buffer.

GS Finance Corp. prices a $5,419,000 offering of Trigger Performance Leveraged Upside Securities (Trigger PLUS) — principal-at-risk notes due July 5, 2029 and guaranteed by The Goldman Sachs Group, Inc. The notes provide 149.20% leveraged participation in any positive basket return (initial basket value = 100) and a trigger level of 80.00%. At maturity: if the final basket value >100, holders receive $1,000 plus the leveraged upside payment; if the final basket value is between 80.00% and 100, holders receive $1,000; if below 80.00%, holders suffer principal loss pro rata (no minimum payment). The pricing date was June 30, 2026, original issue date July 6, 2026, and valuation date June 29, 2029. The aggregate initial principal offered is $5,419,000 and the underwriter is Goldman Sachs & Co. LLC.

GS Finance Corp. is offering $728,000 aggregate face amount of auto-callable, buffered-downside market-linked medium-term notes (face amount $1,000 each) guaranteed by The Goldman Sachs Group, Inc. The securities are linked to the State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF (ticker XOP), have a 15.00% buffer (threshold = 85.00% of the starting price), and five potential call dates from July 6, 2027 through a final calculation day of July 2, 2029. If automatically called, holders receive the face amount plus a fixed call premium (first call premium 9.90%, final call premium 29.70%). If not called, holders have 1-to-1 downside exposure beyond the buffer and may lose up to 85.00% of face at maturity. The estimated value at pricing was approximately $965 per $1,000 face amount, below the original offering price.

GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on September 28, 2027 for $1,100 per $1,000 face amount if the index closes at or above its initial level, and mature on July 2, 2029. At maturity the cash payment depends on S&P 500 performance: investors receive capped upside at a 135% participation rate if the final level exceeds the initial level, full principal if final level is at or above 80% of initial, and suffer a loss equal to the underlier return (potentially the entire investment) if the final level is below 80% of the initial level. The notes are unsecured senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Callable Dow Jones Industrial Average®-Linked Notes due July 3, 2031 with an aggregate face amount of $2,500,000. The notes pay no interest, participate 100% in any positive index return measured from the trade date June 30, 2026 to the determination date June 30, 2031, and will repay the $1,000 face amount at maturity if the final index level is equal to or below the initial level of 52,319.20. The issuer may redeem the notes on specified quarterly call payment dates beginning July 6, 2027, at 100% of face plus a stated call premium; call premiums range from 10% to 47.5% depending on the date. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer/guarantor credit risk. The pricing models estimated the notes' value at approximately $965 per $1,000 on the trade date; the original issue price is 100% of face and the underwriting discount is 2.5%.

GS Finance Corp. offers S&P 500®-linked callable notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an aggregate face amount of $4,401,000 and an original issue price equal to 100% of face amount. The notes pay no interest, are subject to the credit risk of the issuer and guarantor, and include an automatic call feature on specified observation dates. If not called, maturity payouts depend on the S&P 500 closing level on the determination date and are capped at a maturity date premium of 28.50% of face amount; losses may equal the full principal if the index falls to zero.

GS Finance Corp. priced Absolute Return Trigger S&P 500® Index-Linked Notes due 2028, issued July 6, 2026, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity either (a) $1,062.50 if a barrier event occurs (contingent return 6.25%), or (b) $1,000 plus $1,000 times the absolute underlier return if no barrier event occurs (limited to a maximum payment of $1,200 per $1,000). The initial underlier level is 7,499.36 (trade date June 30, 2026); the determination date is June 30, 2028 and the stated maturity is July 6, 2028. The estimated value on the trade date was about $984 per $1,000 face amount; original issue price is 100% of face with a 0.5% underwriting discount.

GS Finance Corp. offers $504,000 aggregate face amount of medium-term notes linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc., with a trade date of June 30, 2026 and maturity on July 3, 2031 (determination date June 30, 2031), subject to adjustment as described in the supplement.

Payment at maturity is cash only: if the final index level is above the initial level you receive the face amount plus 164% participation of the index return; if the final level is between the initial level and 75% of the initial level you receive the face amount; if the final level is below 75% you lose principal proportionally (losses begin beyond the 25% buffer).

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.) that pay a cash settlement on the stated maturity based on the performance of the S&P 500 Futures Excess Return Index from the trade date to the determination date. The notes have a $1,000 face amount per note, an upside participation rate of 139.6%, a buffer level of 80% (buffer amount 20%), and mature in August 2029. If the final underlier level is below the buffer level, holders will suffer a loss proportional to the decline below the buffer; the notes do not pay interest.

The trade date is July 31, 2026, the original issue date is August 5, 2026, the determination date is July 31, 2029, and the stated maturity date is August 3, 2029. The notes are linked to E-mini S&P 500 futures (not the S&P 500 index), are subject to negative roll/financing effects, credit risk of the issuer and guarantor, limited secondary-market liquidity, and tax and market-disruption risks described in the supplement.

GS Finance Corp. is offering principal-protected, auto-callable notes linked to the Goldman Sachs Momentum Builder Focus ER Index. For each $1,000 face amount the notes pay either an automatic-call cash amount (if the index meets rising annual call levels) or at maturity a cash settlement equal to $1,000 plus any upside participation when the final index level exceeds the initial index level.

The notes have an aggregate face amount of $40,000, an original issue price of 100% and a declining additional amount reflected in the estimated trade-date value of $933 per $1,000. Key mechanics include an automatic call feature with step-up call levels and capped call premiums, an upside participation rate of 100%, and index-level deductions of 0.65% per annum plus the federal funds rate. Tax treatment is as contingent payment debt instruments with a comparable yield of 5.08% per annum.

GS Finance Corp. offers principal‑linked, non‑interest bearing notes tied to the Russell 2000 Index. For each $1,000 face amount, maturity payoffs depend on the index return versus an 85% buffer: full upside participation at 100% above the initial level, return of face amount if decline ≤15%, and pro rata losses beyond the 15% buffer through the stated maturity of July 3, 2031.

The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., an underwriting discount of 1.125%, and an original issue price equal to face amount.

GS Finance Corp. offers principal-protected, index-linked notes under a Pricing Supplement dated tied to the Goldman Sachs Momentum Builder® Focus ER Index. The issuance has an aggregate face amount of $412,000 and an automatic-call feature that, if triggered on the call observation date, pays $1,107.50 per $1,000 on the call payment date.

If the notes are not called, the cash settlement at maturity for each $1,000 face amount pays $1,000 + $1,000 × 300% × index return when the final index level is above the initial index level, and $1,000 if the final index level is equal to or below the initial index level. The notes do not pay periodic interest, are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and their estimated trade-date value was $949 per $1,000 with an additional amount of $51 that amortizes to zero by September 29, 2026.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Performance Leveraged Upside Securities (PLUS) linked to an equally weighted 10-stock basket priced June 30, 2026 with $89,000 aggregate original principal. Each PLUS has a $1,000 stated principal and provides 150% leveraged participation in any positive basket return, capped at a $1,460.00 maximum payment per PLUS at maturity on July 13, 2027. If the final basket value is below the initial value (100), holders lose principal on a 1:1 basis; there is no minimum payment. Estimated model value on pricing was approximately $924 per $1,000 principal and the offering carries customary underwriting discounts and dealer concessions.

GS Finance Corp. is offering capped, dual-index cash-settled notes tied to the Russell 2000® and S&P 500®. For each $1,000 face amount, holders receive $1,232.50 if both underliers finish at or above their initial levels on the determination date; otherwise they receive the face amount of $1,000 at maturity.

The notes pay no interest, mature on July 6, 2029 (determination date July 2, 2029), are part of the Medium-Term Notes, Series F program and are guaranteed by The Goldman Sachs Group, Inc. The pricing shows an aggregate face amount of $2,527,000 and an original issue price equal to face amount, with a 0.75% underwriting fee. Tax and credit risks, limited upside due to the cap, and model-based estimated values are disclosed.

GS Finance Corp. offers principal-protected, EURO STOXX 50®-linked notes that pay no periodic interest and mature on July 3, 2031. For each $1,000 face amount, holders receive either the face amount or $1,000 + ($1,000 × 135% × underlier return) depending on the EURO STOXX 50® closing level on the determination date (June 30, 2031).

The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., were issued at 100% of face, carry an underwriting discount of 1.125%, and are subject to the credit risk of the issuer and guarantor. U.S. federal tax treatment treats the notes as contingent payment debt instruments with a comparable yield of 4.8929%.

GS Finance Corp. is offering medium-term structured notes linked to NVIDIA Corporation stock with an aggregate face amount of $13,287,000. The notes pay a contingent quarterly coupon (subject to a 60% coupon trigger), include an automatic-call feature tied to the initial underlier level of $200.09, and mature on January 4, 2028. If the notes are not called, the cash settlement at maturity depends on the final underlier level; if that final level is below the 60% trigger buffer level, investors can lose a portion or all of their investment.

The pricing supplement offers automatic-callable, indexed notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $2,736,000, a stated maturity date of July 6, 2032, and pay cash at maturity tied to the Goldman Sachs Momentum Builder® Focus ER Index.

Payments are capped: a maturity date premium amount of 57% caps upside at maturity if not called. Semi-annual automatic-call opportunities begin on June 30, 2027, with staged call premiums (first call premium 9.50%). The trade-date estimated value is $950 per $1,000 face amount and the original issue price is 100% of face.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 face amount; aggregate face amount is $3,439,000. The notes pay at maturity based on the underlier return: if the final level exceeds the initial level the payoff equals the face amount plus 175% upside participation of the underlier return; if the final level is between the initial level and 70% of the initial level you receive the face amount; if the final level is below the 70% buffer you incur losses proportional to the decline beyond that buffer (buffer amount 30%, buffer rate 100%). Trade date is June 30, 2026, original issue date July 6, 2026, determination date June 30, 2031, stated maturity July 3, 2031. Notes do not bear interest; original issue price is 100% of face amount with an underwriting discount of 1.125% (net proceeds 98.875% of face). The notes reference E‑mini S&P 500 futures (not the S&P 500 index) and are subject to credit risk of the issuer and guarantor, potential negative roll yields, market disruption provisions, limited liquidity and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering structured, cash-settled notes linked to the Nasdaq-100 Index. The offering has an aggregate face amount of $2,704,000, an original issue price equal to 100% of face amount, and no periodic interest. The notes can be automatically called on the call observation date if the closing level of the Nasdaq-100 is greater than or equal to the initial level; in that case each $1,000 face amount would pay $1,125 on the call payment date.

If not called, the cash settlement at maturity depends on the final underlier level on the determination date. The notes provide an upside participation rate of 125%, a buffer level of 85% and a buffer amount of 15%, meaning investors may lose a substantial portion of principal if the final underlier level falls below the buffer level. The issuer and guarantor credit risk, market illiquidity and tax treatment are disclosed as material risks.

GS Finance Corp. is offering structured, non‑interest bearing medium‑term notes linked to the Russell 2000® and S&P 500®. The aggregate face amount is $1,529,000. For each $1,000 face amount, the cash payment at maturity will be either the maximum settlement amount of $1,142.50 if both underliers finish at or above their initial levels, or $1,000 if any underlier’s return is negative. Trade date is June 30, 2026, original issue date July 6, 2026, determination date June 30, 2028 and stated maturity date July 6, 2028. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., do not pay periodic interest, and will be settled in cash. Purchasers bear issuer and guarantor credit risk, potential limited secondary market liquidity, a capped upside and potential taxable ordinary income treatment under the contingent payment debt rules.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected, non‑interest bearing structured notes linked to AMD, Amazon and NVIDIA. Each note has a $1,000 face amount; the offering shows an aggregate face amount of $1,312,000. The notes can be automatically called quarterly if each underlier closes at or above its initial level on a call observation date; call payouts equal $1,000 plus a specified call premium. If not called, the maturity cash payment depends solely on the lesser performing underlier with a 100% upside participation rate when all final underlier levels exceed their initials. Trade date is June 30, 2026, original issue date July 6, 2026, and stated maturity July 3, 2031. The notes are subject to issuer and guarantor credit risk, limited secondary market liquidity, complex U.S. tax treatment as a contingent payment debt instrument, and potential withholding under certain non‑U.S. tax rules.

GS Finance Corp. is offering leveraged, callable S&P 500® Futures Excess Return Index-linked notes due (expected) August 5, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a 200% upside participation rate on positive index returns measured from the trade date (expected July 31, 2026) to the determination date (expected July 31, 2031). If the final underlier level is equal to or below the initial level, holders receive the face amount. The issuer may redeem notes monthly beginning (expected) August 5, 2027, at 100% plus a specified call premium. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and its guarantor. The estimated value at pricing is between $885 and $935 per $1,000 face amount.

The pricing supplement offers principal-at-risk, equity-linked notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Marvell Technology, Inc. The notes have a $1,000 face amount, aggregate face amount of $250,000, trade date June 30, 2026, original issue date July 6, 2026, determination date December 30, 2027 and stated maturity date January 4, 2028. Payments at maturity depend on the underlier return, subject to a threshold settlement amount $1,480 and a maximum settlement amount $2,000. If the final underlier level is below 50% of the initial level (the trigger buffer level), investors suffer losses pro rata and may lose their entire investment. The notes do not pay periodic interest; original issue price is 100% of face with an underwriting discount of 0.725%.

GS Finance Corp. is offering $1,282,000 aggregate face amount of auto-callable, buffer-linked notes, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, mature on July 6, 2029 (determination date July 2, 2029), and are linked to three underliers: the Nasdaq-100 Index, the S&P 500 Index and the VanEck Semiconductor ETF. Each $1,000 face amount participates at a 300% upside in the lesser performing underlier return, subject to an automatic-call feature on annual observation dates with call premiums of 30% (2027) and 60% (2028). A trigger buffer level is 60% of each initial underlier level; if any final underlier level is below its trigger buffer, the cash settlement equals $1,000 plus the lesser performing underlier return, which could result in a total loss of principal. The notes were priced at 100% of face amount with a 1% underwriting discount.

GS Finance Corp. is offering medium-term notes linked to the EURO STOXX 50® Index with an aggregate face amount of $1,035,000. Each note has a $1,000 face amount and pays no interest. At maturity (stated maturity date July 3, 2031), the cash payment per note depends on the index performance from the trade date (June 30, 2026) to the determination date (June 30, 2031).

If the final index level is at or above the trigger buffer level (75% of the initial level), holders receive the greater of the threshold settlement amount $1,380 or $1,000 plus $1,000 times the underlier return. If the final index level is below the trigger buffer level, holders receive $1,000 plus $1,000 times the underlier return, which can result in a loss of principal up to the full investment. The notes are unsecured senior obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and were issued at 100% of face with a 3% underwriting discount.

GS Finance Corp. offers principal-protected notes linked to Intuit Inc. common stock (initial index stock price $261.00). The notes pay a quarterly coupon of $58 per $1,000 face ($58 = 5.8% quarterly, up to 23.2% annual) only if the index stock closes at or above 60% of the initial price on each coupon observation date. The notes mature on July 2, 2029 unless automatically called after any call observation date beginning September 2026, in which case holders receive $1,000 plus the coupon. At maturity, if the final index stock price is below 60% of the initial price, the cash settlement is reduced pro rata by the index stock return (holders can receive substantially less than principal). The estimated value on the trade date was approximately $958 per $1,000 face amount; original issue price equals 100% and underwriting discount is 2%.

GS Finance Corp. offers S&P 500®-linked, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $137,000 and pay at maturity either the face amount or a cash payment linked to the S&P 500® return, capped at a maximum settlement amount of $1,100 per $1,000 (110%). The trade date is June 30, 2026, original issue date is July 6, 2026, the determination date is December 30, 2027 and the stated maturity date is January 4, 2028. The notes do not pay periodic interest and the offering price is 100% of face amount (underwriting concession up to 0.6%, net to issuer 99.4%). The notes are debt of GS Finance Corp. and carry the credit risk of the issuer and guarantor; market liquidity is not guaranteed.

GS Finance Corp. offers $2,271,000 aggregate principal of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the S&P 500® Index, priced June 30, 2026 with an original issue date of July 6, 2026 and stated maturity of October 5, 2027 (valuation date September 30, 2027). For each $1,000 principal, holders receive either $1,000 plus 150% of any index gain (capped at $1,132.00), $1,000 if the index falls up to 7.50%, or a reduced cash amount down to a minimum of $75.00 if losses exceed the 7.50% buffer.

The PLUS are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., do not pay interest or dividends, and are subject to issuer and guarantor credit risk. The initial index value is 7,499.36. Estimated value at issuance was approximately $975 per PLUS and the original issue price equals stated principal amount.

GS Finance Corp. is offering non‑interest bearing, principal‑linked notes tied to an equally weighted basket of 8 stocks. The notes feature an automatic call if the basket closing level on the call observation date is ≥ the initial basket level. Key economics set on the trade date include an initial basket level of 100, an upside participation rate of 100%, a buffer equal to 15% (buffer level = 85), and a buffer rate of approximately 117.65%. If automatically called on the expected call observation date (July 15, 2027), each $1,000 face amount pays $1,240 on the expected call payment date (July 20, 2027). If not called, maturity is expected on July 7, 2028 and payoff at maturity depends on the basket return: full participation if positive, return of face if loss is between 0% and -15%, and a buffered downside formula if loss exceeds -15%. The estimated model value at pricing is between $900 and $930 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; GS&Co. is the calculation agent.

GS Finance Corp. offers autocallable GEARS linked to an equally weighted 29-stock basket, guaranteed by The Goldman Sachs Group, Inc. The securities (face amount in $10 denominations) provide enhanced upside via an upside gearing set on the trade date and an automatic call feature tied to a 100% autocall barrier. If not called, maturity payoff depends on the final basket level versus a 75.00% downside threshold and an upside multiplier; payments are subject to issuer and guarantor credit risk. Key dates are an expected trade date July 15, 2026, original issue date July 17, 2026, an expected call observation date July 22, 2027 (call payment July 26, 2027) and an expected determination date July 16, 2029 (stated maturity July 18, 2029). The pricing supplement shows an estimated model value of $8.90–$9.20 per $10 face amount and an original issue price of 100.00% of face amount, with a 2.50% underwriting discount.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering structured, principal‑linked notes tied to an equally weighted basket of nine common stocks. Each $1,000 face amount pays no interest and either (a) is automatically called for $1,202 if the basket closing level on the call observation date is ≥ the initial level, or (b) at maturity will pay a cash settlement based on the final basket level and an upside participation rate of 125% with a 20% buffer (buffer level = 80% of initial). Trade date is June 30, 2026, original issue date July 6, 2026, call observation date July 13, 2027, and stated maturity July 6, 2028. The estimated value on the trade date is approximately $947 per $1,000, while the original issue price is 100% of face; underwriting discount is 1.5%.

GS Finance Corp. is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, with The Goldman Sachs Group, Inc. as guarantor. The notes have an expected trade date of July 9, 2026 and a stated maturity date of July 14, 2032. Notes may be automatically called on observation dates beginning in July 2027 if the index closes at or above the initial level, in which case holders receive face amount plus accrued coupon. Monthly coupon payments occur only if the index closes at or above 70% of the initial underlier level on an observation date. The index applies a 6.0% per annum decrement, targets 40% volatility, and may use up to 500% maximum leverage, which can magnify losses. The estimated value at pricing is $885–$925 per $1,000 face amount.

GS Finance Corp. offers indexed, non‑interest paying medium‑term notes linked to the S&P 500 Index. The notes pay up to a $1,094.30 cash settlement per $1,000 face amount if the final index level is at or above a 90.00% buffer of the initial level. If the final level is below the buffer, holders lose approximately 1.1111% of face amount for each 1% decline below the buffer and could lose their entire investment. The notes are fully guaranteed by The Goldman Sachs Group, Inc.; aggregate face amount is $10,239,000. Original issue price is 100% of face amount with a 1% underwriting discount.

GS Finance Corp. is offering Index-Linked Notes due July 6, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount depends on the lesser performing of the S&P 500® and Russell 2000® measured from the trade date June 30, 2026 to the determination date June 30, 2028. The notes pay no interest and feature an upside participation rate of 108%. If both index returns are ≥0%, the investor receives $1,000 plus participation in the lesser performing index return. If either index is negative but ≥-25%, the investor receives $1,000 plus the absolute value of the lesser performing index return. If any index declines below 75% of its initial level, the cash settlement equals $1,000 plus the (negative) lesser performing index return, exposing holders to potential principal loss, including total loss. The estimated value at pricing was approximately $984 per $1,000 face amount; original issue price was 100% and the underwriting discount was 0.8%.

The supplemental index fact sheet describes the S&P 500Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, launched December 27, 2024, which adjusts daily exposure to the S&P 500Futures Excess Return Index using volatility, calendar and price signals. The index permits a maximum exposure of 500%, a maximum daily leverage change of 100% and is subject to a 6.0% per annum daily decrement. Historical and hypothetical performance is shown (hypothetical prior to the launch date). The fact sheet highlights many indexed risks including leverage risk, potential for significant losses, negative roll yield and credit risk of the issuer and guarantor.

Goldman Sachs offers notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER ("SPAR4V6"). The notes are unsecured, unlisted debt subject to issuer and guarantor credit risk.

The Index targets a 40% realized volatility with a rules-based daily leverage overlay (maximum exposure 500% and maximum daily change 100%) and applies a 6% per annum daily decrement. Materials include backtested and realized performance (backtested to 12/27/2024 then realized thereafter) and multiple simulated auto-callable note examples showing historical IRRs and loss statistics. The document emphasizes hypothetical backtests, model limitations, and multiple specific risks including leverage, decrement erosion, limited operating history, and possible complete loss of principal.