Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering Medium‑Term Notes, Series F: equity ETF‑linked, principal‑at‑risk securities due July 9, 2027 and linked to the Invesco QQQ Trust, Series 1. Each security has a face amount of $1,000, an upside participation rate of 100% capped at a 13.00% maximum return ($130 per security), and a 10% buffered downside: losses beyond the buffer are 1‑for‑1 (investors may lose up to 90% of face amount). The estimated value at pricing was approximately $964 per $1,000 face amount; the original offering price is $1,000 with an underwriting discount of $23.25 per $1,000. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; all payments are subject to issuer/guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500 Index. Each $1,000 note returns at maturity either a capped upside, an absolute positive return if the index falls up to 10%, or a proportional loss if the index falls more than 10%. The upside participation rate is 200% with a maximum cash settlement of $1,180 per $1,000 face amount. The trade date is June 29, 2026, original issue date July 2, 2026, determination date June 29, 2028 and stated maturity July 5, 2028. The notes pay no interest and are subject to issuer/guarantor credit risk and limited liquidity.

GS Finance Corp. offers $1,029,000 aggregate callable notes linked to the Nasdaq-100 Index® due July 2, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an initial underlier level of 29,774.75, and return either the face amount or an index-linked upside at maturity, subject to issuer redemption on scheduled monthly call payment dates beginning in July 2027. The estimated value on the trade date was approximately $956 per $1,000 face amount, the original issue price is 100% and the underwriting discount is 3.25%.

GS Finance Corp. priced contingent monthly coupon, callable notes backed by a Goldman Sachs guarantee. The offering has an aggregate face amount of $9,001,000, an original issue price equal to 100% of face and pays a contingent monthly coupon of $20.834 per $1,000 (2.0834% monthly, potential up to approximately 25.00% per annum) when each underlier meets its 70% coupon trigger on observation dates.

Payments at maturity (if not automatically called) depend solely on the performance of the lesser performing underlier (Russell 2000, S&P 500 and the VanEck Semiconductor ETF). A final underlier level below 60% of its initial level can materially reduce principal and you could lose your entire investment. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market‑liquidity risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500 Index. For each $1,000 face amount, investors receive either a capped cash payment of $1,155 if the final index level is at least 80% of the initial level, or a loss equal to the percentage decline of the index below its initial level multiplied by $1,000, potentially resulting in a total loss. The notes have a trade date of June 29, 2026, an original issue date of July 2, 2026, a determination date of June 29, 2028 and a stated maturity date of July 5, 2028. The offering lists an aggregate face amount of $204,000, an original issue price of 100% of face, an underwriting discount of 2.55% and net proceeds of 97.45% of face. These notes are unsecured senior obligations and are subject to the issuer and guarantor credit risk, limited upside by the maximum settlement amount, potential full principal loss if the underlier falls below the trigger buffer, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER. The notes have a face amount of $1,000 per note, an expected trade date of July 7, 2026, an expected original issue date of July 10, 2026, and an expected stated maturity of July 10, 2031. Coupons of up to 2% quarterly (up to 8% per annum) are payable on coupon payment dates only if the index closing level on the related coupon observation date is at or above 55% of the initial underlier level; the notes will be automatically called if the index closing level on any call observation date is at or above 92% of the initial underlier level. The underlier applies a 4.0% per annum daily decrement, a volatility target of 40%, and a maximum leverage of 500%, and may be substantially uninvested on some days. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

The offered notes are GS Finance Corp.-issued, Goldman Sachs‑guaranteed, index‑linked notes tied to the Goldman Sachs Momentum Builder Focus ER Index with a stated maturity of July 7, 2033. For each $1,000 face amount the notes pay either an automatic call payment (if annual call observation levels are met) or a cash settlement at maturity based on the index return and a 100% upside participation rate. The notes have an aggregate face amount of $13,224,000, an estimated trade‑date model value of $897 per $1,000 (additional amount $103 declining to zero by September 28, 2026), and a no‑interest structure subject to issuer and guarantor credit risk.

The index methodology may allocate substantial exposure to hypothetical cash positions, includes a 5% realized volatility control and a momentum risk control, and charges a 0.65% per annum deduction (accruing daily). Call observation and premium schedule are specified annually beginning June 29, 2027. Tax treatment: the notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.

The notes are non‑interest‑bearing, cash‑settled medium‑term notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. They have a $1,000 face amount per note and an aggregate face amount of $1,537,000. If the notes are automatically called (call observation date June 29, 2028), each $1,000 face amount pays $1,100 on the call payment date. If not called, at the stated maturity date July 9, 2029 each $1,000 will pay either $1,000 + $1,000 × 110% × underlier return if the final underlier level exceeds the initial level of 7,440.43, or $1,000 if the final level is equal to or below the initial level. The notes were priced at 100% of face with an underwriting discount of 2.25% (net proceeds 97.75%), and Goldman Sachs determined a comparable yield of 4.69% implying a projected payment of $1,152.60 for tax accrual purposes.

GS Finance Corp. priced an offering of equity-index-linked, auto-callable medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500® Index. The securities have a $1,000 face amount, an original offering price of $1,000 per security and an estimated model value at pricing of $966 per $1,000 face amount.

The notes pay no interest, are automatically called on the call date if the S&P 500® closing level is >= the starting level for a capped cash payment of face amount plus a 9.20% call premium ($92), otherwise maturity payments depend on index performance with 100% upside participation and a 10% buffer (investors bear 1-to-1 downside beyond the buffer).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500® Index. The notes pay at maturity based on the S&P 500 performance between the trade date and the determination date, with a 200% upside participation capped by a $1,245 maximum settlement per $1,000 face amount and a 15% buffer that protects only declines up to 15%.

The notes carry no periodic interest, are subject to issuer and guarantor credit risk, and will pay cash at maturity under three scenarios tied to the final underlier level: positive upside (subject to the cap), full return of principal if decline is within the 15% buffer, or a proportional loss beyond the buffer. The offering lists an aggregate face amount of $679,000, original issue price at 100% of face, and an underwriting discount of 2.85%.

GS Finance Corp. is offering $245,000 aggregate face amount of notes under a Pricing Supplement dated June 29, 2026. The notes are payable in cash at maturity on July 5, 2029 and are linked to the S&P 500Index. For each $1,000 face amount the payoff is: (1) if the final underlier level is above the initial level, $1,000 plus the upside participation (300% of the index return), capped at the maximum settlement amount of $1,277.50; (2) if the final level is between the initial level and the 90% buffer level, $1,000; or (3) if the final level is below the 90% buffer level, a proportional loss calculated using the buffer rate (100%) and buffer amount (10%). The notes pay no interest, are senior unsecured obligations of GS Finance Corp., and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The original issue price is 100% of face amount with an underwriting discount of 3.2% (net proceeds 96.8%).

GS Finance Corp. priced a series of Capped GEARS linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes provide upside exposure equal to the index return times an upside gearing of 3.00, subject to a cap level and a maximum settlement amount. The cap level is expected to be approximately 103.667%–104.367% of the initial index level, producing an expected maximum settlement amount of between $11.10 and $11.31 per $10 face amount (an expected maximum return of 11.00%–13.10%). Trade date is expected to be July 7, 2026, original issue date July 9, 2026, determination date July 13, 2027, and stated maturity July 16, 2027. The estimated value on the trade date is between $9.00 and $9.30 per $10 face amount, while the original issue price is 100% ($10). These are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and investors may lose some or all of their investment.

GS Finance Corp. is offering Index-Linked Notes due July 3, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; principal at maturity for each $1,000 face amount depends on the better performing of TOPIX and the S&P 500® Futures Excess Return Index measured from the trade date June 29, 2026 to the determination date June 30, 2031. If at least one index finishes at or above its initial level (TOPIX 3,982.00; S&P 500® Futures Excess Return Index 596.91), holders receive $1,000 plus 120.25% of the better performing index return. If both indices finish below 70% of their initial levels, holders suffer a proportional loss of principal. The estimated value on the trade date was approximately $977 per $1,000 face amount; original issue price was 100% of face amount with a 0.25% underwriting discount.

GS Finance Corp. prices equity-index linked medium-term notes. The pricing supplement sets an original offering price of $1,000 per security with an estimated value at pricing of approximately $972 per $1,000 face amount. The notes are linked to the S&P 500® Index, provide 300% upside participation subject to a maximum return of 14.20% ($142.00) and carry full downside exposure to any index decline. Pricing date is June 29, 2026, original issue date July 2, 2026, and stated maturity is September 2, 2027 (calculation day August 30, 2027). Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. issues Market Linked Notes due January 3, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes link to an equally weighted basket: S&P 500 (50%) and EURO STOXX 50 (50%). At maturity investors receive principal and, if the basket rises, 100% participation in the basket return capped at 29.15% (maximum maturity payment $1,291.50 per $1,000 face amount). The pricing date was June 29, 2026, original issue date July 2, 2026, and calculation day is December 28, 2029. The estimated value at pricing was approximately $962 per $1,000, original offering price $1,000, and underwriting discount 3.325%. Payments are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. offers a primary issuance of $1,000,000 in Bearish Buffered Digital S&P 500® Index-Linked Notes due December 28, 2027. The notes pay no interest and return at maturity is tied to the S&P 500® index performance between June 23, 2026 and the determination date.

Holders receive $1,220 per $1,000 if the final index level is at or below the initial level 7,365.46. If the index rises up to 115% of the initial level, holders receive the face amount plus the absolute underlier return; rises above 115% produce negative returns subject to a minimum of $150 per $1,000. The estimated value on the trade date was approximately $970 per $1,000.

GS Finance Corp. offers leveraged, callable notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 face amount and an upside participation rate of 140%. The notes are expected to trade on July 28, 2026

If not redeemed early, the cash payment at maturity (expected August 2, 2032) will return for each $1,000 face amount either $1,000 if the final underlier level is equal to or below the initial underlier level, or $1,000 plus 1.4 times the percent increase in the underlier if the final underlier level is higher. The issuer may redeem the notes on specified monthly call payment dates beginning in August 2027, with call premium amounts set on the trade date (examples shown range from at least 30% early to at least 177.5% on later call dates). The estimated value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering autocallable index-linked notes due July 21, 2034 guaranteed by The Goldman Sachs Group, Inc. The payment at maturity and annual automatic call feature depend on the performance of the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an upside participation rate of 100%, annual deduction of 0.65% per annum applied in the index calculation, and an index volatility control of 5%. GS&Co.'s estimated value on the trade date is $850 to $890 per $1,000 face amount, below the face amount. The notes may be automatically called on specified observation dates with predetermined call levels and call premiums; if not called, holders receive a cash settlement that is capped at the face amount when the index return is zero or negative.

GS Finance Corp. is offering $1,000-face autocallable, index-linked notes due July 31, 2031 that are guaranteed by The Goldman Sachs Group, Inc. The notes link to the Goldman Sachs Momentum Builder Focus ER Index and may be automatically called on the call observation date if the index closes at or above the initial index level; a call pays $1,125 per $1,000 face. If not called, maturity payment depends on index performance with an upside participation rate of 300%. The index applies a 5% realized volatility control and a 0.65% per annum deduction, and GS&Co.’s estimated trade-date value is $850 to $880 per $1,000. The notes do not pay interest and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term structured notes linked to the Class A common stock of Coinbase Global, Inc. The offering shows an aggregate face amount of $500,000 and $1,000 face amount per note. The notes pay a contingent quarterly coupon of $79 per $1,000 (a 7.9% quarterly rate, up to 31.6% per annum) only if the underlier’s closing level on an observation date is at or above a coupon trigger level equal to 50% of the initial underlier level ($149.06, closing level on June 26, 2026). The notes may be automatically called on scheduled call observation dates if the underlier closes at or above the initial level; stated maturity is June 29, 2029. At maturity, if not called, cash settlement per $1,000 depends on the final underlier level and can result in a total loss of principal; upside is limited to $1,000 per note. The original issue price is 100% with an underwriting discount of 0.35%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, capped, equity-linked notes linked to the common stock of Dow Inc. Each $1,000 face amount note is expected to pay a fixed quarterly coupon of $25 (2.5% quarterly, up to 10% per annum) and will be automatically called if the closing price of Dow Inc. on any call observation date is greater than or equal to the initial index stock price. If not called, the maturity cash payment depends on the index stock return versus a 50% trigger buffer: if the final index stock price is ≥50% of the initial price, you receive $1,000 (plus final coupon); if it is <50%, the cash amount equals $1,000 plus $1,000 times the index stock return, which can result in a loss of principal.

The estimated value at pricing is expected to be between $905 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the calculation agent (GS&Co.) has broad discretions (including anti-dilution adjustments, postponements for market disruptions and final price determinations).

GS Finance Corp. is offering S&P 500® Daily Risk Control 5% USD Excess Return Index-linked notes due August 2, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes do not pay interest; principal and final payment depend on the Excess Return index return measured from the trade date (expected July 28, 2026) to the determination date (expected July 30, 2029). If the final index level is greater than or equal to the initial level, holders receive the face amount plus the index return multiplied by an upside participation rate (at least 156.5%). If the final index level is lower, holders receive the face amount plus the absolute index decline, subject to a maximum downside settlement amount of $2,000 per $1,000 face amount. The notes are exposed to issuer and guarantor credit risk, index borrowing costs (SOFR + 0.02963%), limited historical data since the index’s replacement of LIBOR, and no coupon payments; the estimated value at pricing is between $925 and $965 per $1,000 face amount.

GS Finance Corp. priced $2,140,000 aggregate face amount of Digital EURO STOXX® Banks Index-linked notes due July 3, 2028, guaranteed by The Goldman Sachs Group, Inc. The original issue price is 100% with an underwriting discount of 1.5%.

The notes pay no interest and return at maturity depends on the EURO STOXX Banks Index performance measured from the trade date June 29, 2026 to the determination date June 29, 2028. If the final index level is ≥80% of the initial level (initial level 289.76), holders receive a capped maximum settlement of $1,238 per $1,000 face amount; if the final level falls below that threshold, investors incur amplified principal losses using a 125% buffer rate. The estimated value on the trade date was approximately $974 per $1,000 face amount.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 Futures Excess Return Index performance from the trade date through the determination date. If the final underlier level exceeds the initial level, holders receive the face amount plus the underlier return multiplied by an upside participation rate (at least 176%). If the final level falls but remains above the buffer level (70% of initial), holders receive the face amount. If the final level is below the buffer level, investors incur losses proportionate to the decline below the buffer (buffer amount 30%, buffer rate 100%), and could lose a substantial portion of principal. Trade date is July 31, 2026 and stated maturity is August 5, 2031. The notes are cash-settled, may be illiquid, and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged buffered S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay a cash settlement at maturity based on the underlier’s performance from the trade date to the determination date.

The notes feature an upside participation rate of 186%, a buffer level of 80% (20% buffer amount) and a stated maturity of July 10, 2031 (determination date July 7, 2031). If the final underlier level is below the buffer level, investors can lose a substantial portion of principal; the notes do not pay interest. Pricing, issue price and net proceeds will be set on the trade date.

GS Finance Corp. is offering leveraged EURO STOXX 50 Index-linked notes due August 5, 2031. Each note has a $1,000 face amount and will pay at maturity either the face amount or $1,000 + ($1,000 × upside participation rate × underlier return) if the final underlier level exceeds the initial level. The upside participation rate is stated as at least 135%. The notes pay no interest, are cash-settled, and are guaranteed by The Goldman Sachs Group, Inc. Trade date is July 31, 2026 and the determination date is July 31, 2031. These notes are debt of the issuer and expose holders to the credit risk of GS Finance Corp. and its guarantor, potential illiquidity, model/valuation discounts at issuance, and U.S. tax rules for contingent payment debt instruments.

GS Finance Corp. and The Goldman Sachs Group, Inc. are offering $1,000-face-amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a trade date of July 28, 2026 and a stated maturity of August 4, 2033. The notes pay no periodic interest, participate 100% in upside at maturity if the final index level exceeds the initial level, and are automatically called on annual observation dates if the index meets rising call levels. The index applies a 5% realized volatility control, a momentum risk control, and a deduction of 0.65% per annum (accruing daily). GS&Co.'s estimated trade-date value is $850 to $880 per $1,000 face amount; the original issue price will be 100% of face amount. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk and complex index methodology that can allocate substantial exposure to hypothetical cash positions.

GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq‑100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, and pay a contingent monthly coupon of $5.417 per $1,000 (0.5417% monthly, up to approximately 6.5% per annum) when each underlier meets its coupon trigger level of 80% of its initial level. The notes may be automatically called on specified call observation dates if each underlier equals or exceeds its initial level; on automatic call the issuer pays $1,000 per $1,000 face amount plus the coupon then due. Trade date is July 7, 2026, original issue date July 14, 2026, and stated maturity is July 16, 2029. GS&Co. estimates the notes' value on the trade date at $925 to $955 per $1,000, which is less than the original issue price. The notes are unsecured senior debt of GS Finance Corp., subject to issuer and guarantor credit risk, limited to cash payments, not listed, and may have limited liquidity.

GS Finance Corp. is offering callable, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes mature on the stated maturity date expected to be July 31, 2031 and may be redeemed monthly beginning on August 2, 2027 at 100% of face plus a call premium set on the trade date.

At maturity, each $1,000 face amount will pay: (i) if the final underlier level > initial level, $1,000 plus 2x the index return; (ii) if final level is between 70% and 100% of initial, $1,000; or (iii) if final < 70%, $1,000 plus (index return + 30%)×$1,000, resulting in potential substantial loss. The trade date is expected to be July 28, 2026. The estimated value on the trade date is between $885 and $935 per $1,000 face amount.

GS Finance Corp., with guarantee from The Goldman Sachs Group, Inc., is offering non‑interest bearing structured notes linked to an equally weighted two‑stock basket of Arthur J. Gallagher & Co. and Chubb Limited. The notes are expected to trade on July 8, 2026, have an original issue date expected on July 13, 2026, and a stated maturity expected on July 20, 2027. The notes provide 300% upside participation subject to a cap level of approximately 108.917%, producing a maximum settlement amount of $1,267.50 per $1,000 face amount. If the final basket level is below the initial level of 100, the holder bears the full downside (linear loss equal to the basket return). The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029, linked to the Class A common stock of Coinbase Global, Inc. (initial underlier level $146.19). The notes pay a contingent monthly coupon of $24.167 per $1,000 (2.4167% monthly, up to approximately 29.00% per annum) only when the underlier is at or above a coupon trigger level of 50% of the initial level on each coupon observation date. The notes include an automatic call if the underlier on a call observation date is at or above the initial underlier level; on an automatic call the issuer pays $1,000 per $1,000 face amount plus any coupon then due. If not called, the cash settlement at maturity (stated maturity July 6, 2029) depends on the final underlier level relative to the initial level and the trigger buffer level (50%), and investors may lose up to their entire investment if the final underlier level is below the trigger buffer level. Calculation agent: Goldman Sachs & Co. LLC. Trade date: July 1, 2026; original issue date: July 6, 2026. CUSIP: 40054XHG6.

GS Finance Corp. is offering S&P 500® index-linked, non‑interest-bearing notes due in 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index, have expected trade and issue dates of July 28, 2026 and July 31, 2026, and an expected stated maturity of August 4, 2028. Returns depend on a barrier event (upper barrier 117% / lower barrier 83% of the initial level). If a barrier event occurs, holders receive at least $1,052.50 per $1,000 face amount (a contingent return of at least 5.25%); if not, the cash payment equals $1,000 plus $1,000 times the absolute index return, capped at $1,170 per $1,000 (a maximum 17% return). The pricing supplement states an estimated model value on the trade date of between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering fixed-coupon, buffered notes linked to the S&P 500® Volatility Plus Daily Risk Control Index, guaranteed by The Goldman Sachs Group, Inc. Coupons will be at least $15 per $1,000 face amount (at least 1.5% quarterly, or up to 6% per annum). The notes reference an initial underlier level set on the trade date (expected July 28, 2026) and pay principal at maturity (expected July 31, 2029) based on the underlier's performance to the determination date (expected July 26, 2029). A 15% buffer applies: if the final underlier level is ≥85% of the initial level, investors receive full face amount; if below 85%, the cash settlement declines pro rata (examples: final level 25% → 40% of face; 0% → 15% of face). Estimated value at term-setting is expected between $925 and $965 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. priced contingent income auto-callable notes guaranteed by The Goldman Sachs Group, Inc. The notes tie payouts to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100, pay a contingent quarterly coupon (at least $25.00 per $1,000 when conditions are met), may be automatically called, and mature July 13, 2028. The downside threshold for each index is 70.00% of its initial index value. Estimated value range on pricing is $920 to $980 per $1,000; original issue price is 100% with a 2.00% underwriting discount.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering buffered digital S&P 500® Index-linked notes that mature on October 13, 2027. Each $1,000 face amount can pay up to a maximum upside settlement amount of $1,070 if the S&P 500® finishes at or above 93% of the initial level. If the final level falls between 80% and 93% of the initial level, the investor receives $1,000 plus the absolute index decline as a positive return. If the final level is below 80% of the initial level, the cash payment equals $1,000 plus $1,000 times (index return plus 20%), which can produce substantial losses. The trade date is expected to be July 17, 2026, and the original issue date is expected to be July 22, 2026. The estimated value at pricing is stated to be between $925 and $965 per $1,000 face amount. The notes do not bear interest, are unsecured obligations of the issuer, are subject to issuer and guarantor credit risk, and may not have an active secondary market.

GS Finance Corp. offers two separate series of leveraged buffered index-linked notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index and the Russell 2000® Index. Each note pays no interest and the cash settlement at maturity is determined by the index return between the trade date (expected July 28, 2026) and the determination date. The S&P 500® note features a 200% participation rate, a 90% buffer level, a 10% buffer amount, a cap level of at least 112.125% and a maximum settlement amount of at least $1,242.50 per $1,000 face. The Russell 2000® note features a 110% participation rate, a 90% buffer level, a 10% buffer amount, a cap level of approximately 121.818% and a maximum settlement amount of at least $1,240 per $1,000 face. Expected stated maturities are February 1, 2029 (S&P note) and February 2, 2028 (Russell note). Estimated values per $1,000 at issuance are in the range $925 to $965. The notes expose holders to market performance of the applicable index, to credit risk of GS Finance Corp. and Goldman Sachs as guarantor, to model/valuation discounts versus issue price, and to tax and liquidity risks described herein.

GS Finance Corp. offers autocallable, index-linked notes due 2033 guaranteed by The Goldman Sachs Group, Inc. The notes pay a cash amount at maturity or earlier automatic call based on the Goldman Sachs Momentum Builder® Focus ER Index and include an annual automatic-call feature with increasing call levels and capped call premiums.

The notes have an upside participation rate of 100%, an estimated trade-date value of $850 to $890 per $1,000 face amount, a deduction rate of 0.65% per annum at the index level, a volatility control set at 5%, and provide no periodic interest; investors bear issuer/guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stock of Lennox International Inc. Each note has a $1,000 face amount, a trade date expected to be July 15, 2026, an original issue date expected to be July 20, 2026, and a stated maturity date expected to be July 19, 2029.

Coupons, set on the trade date, equal between $25.625 and $28.125 per $1,000 for applicable quarterly observation outcomes (between 2.5625% and 2.8125% quarterly; up to 10.25%–11.25% per annum). Notes are automatically called if the index stock closing price on any call observation date is >= the initial index stock price. If the final index stock price is below 65% of the initial index stock price, holders suffer a loss proportional to the index stock return; in that downside case a holder may receive substantially less than principal.

GS Finance Corp. is offering callable S&P 500® Index‑Linked Notes due, expected August 6, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an upside participation rate of 150% with a buffer level of 85% (buffer amount 15%). The trade date is expected to be July 31, 2026. On the determination date the cash settlement will be based on the S&P 500® closing level versus the initial level: positive returns are multiplied by 1.5, returns between 85% and 100% of the initial level return the face amount, and final levels below 85% produce losses that reduce principal. The issuer may redeem the notes on monthly call payment dates beginning in August 2027, with call premium amounts (examples shown) set on the trade date. The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes reference the GSMBFC5 Index, have a trade date of July 31, 2026, original issue date August 5, 2026 and stated maturity August 4, 2033. The notes feature semi-annual automatic call observations with tiered call premiums (first observation paydate August 5, 2027 with a 10.00% call premium up to the last listed call premium of 65.00% on a January 31, 2033 observation). If not called, the cash settlement at maturity is capped with a maturity date premium amount of 70% and depends on the final index level versus the initial index level. GS&Co.’s estimated value on the trade date is $885 to $935 per $1,000 face amount, below the original issue price.

The offered notes are leveraged buffered S&P 500® index-linked notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face note pays at maturity based on the S&P 500 return from an initial underlier level (the lowest closing level during the observation period) to the final underlier level on the determination date. The notes provide 200% upside participation in positive index returns up to a cap (cap level at least 114.375% of the initial level and a maximum settlement of at least $1,287.50 per $1,000). If the final level falls by up to 15% from the initial level, you receive the $1,000 face amount; declines greater than 15% produce a proportional loss exceeding principal. Trade date and original issue date are expected in July 2026; stated maturity is expected in January 2030. The estimated model value on the trade date is $915–$965 per $1,000 face, below the original issue price.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due July 21, 2031 through a pricing supplement to its Medium-Term Notes, Series N program. The notes are denominated in U.S. dollars in minimum $1,000 increments, carry a stated interest rate of 4.60% per annum, and pay interest semiannually on January 21 and July 21, commencing January 21, 2027.

The notes will be issued in book-entry form through DTC. The original issue price and certain underwriting terms will be set on the trade date; the pricing supplement notes the trade date of July 17, 2026 and original issue date of July 21, 2026. The notes will not be listed on any securities exchange and Goldman Sachs & Co. LLC is the calculation agent and expected initial purchaser.

GS Finance Corp. is offering autocallable contingent-coupon index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay a contingent monthly coupon of $8.209 (0.8209% monthly; potential up to approximately 9.85% per annum) when each underlier meets its 60% coupon trigger on the observation dates. The notes reference three underliers: the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. Notes will be automatically called if, on a call observation date, every underlier is at or above its initial level. If not called, maturity payment depends solely on the lesser performing underlier versus its trigger buffer (60% of initial); losses can be the full principal if that underlier falls substantially below its buffer. Trade date is July 1, 2026, original issue date July 7, 2026, and stated maturity date July 5, 2030.

GS Finance Corp. is offering Autocallable Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Index and the Russell 2000 Index, carry no interest, and include a semi-annual automatic call feature with specified call premiums. The notes pay at maturity based on the performance of the lesser performing underlier with an upside participation rate of 150% and a buffer level of 85% (buffer amount 15%, buffer rate 100%). Trade date is July 28, 2026, original issue date July 31, 2026, determination date July 30, 2029 and stated maturity August 6, 2029. Examples in the pricing supplement show capped call payments (call premiums of at least 11.5%, 17.25%, 23% and 28.75%) and illustrate that, if not called, investors may lose a substantial portion of principal (one example shows a 64.000% loss when the lesser performing underlier is 21.000% of its initial level). The prospectus warns the original issue price exceeds the notes' estimated model value, the notes are subject to issuer/guarantor credit risk, secondary-market liquidity may be limited, and U.S. federal income tax treatment is described as uncertain.

GS Finance Corp. offers S&P 500® Index-linked, zero-coupon notes due August 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the absolute index return between the trade date (expected July 31, 2026) and the determination date (expected July 31, 2028), subject to a barrier feature.

If the final index level is >120% or <80% of the initial level (a barrier event), holders receive at least $1,067.50 per $1,000 face amount (a contingent return of 6.75%). If no barrier event occurs, the maturity payment equals $1,000 plus $1,000 times the absolute index return, capped at $1,200 per $1,000 (maximum 20% return).

GS Finance Corp. is offering $ Buffered Russell 2000® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount payoff at maturity tied to the Russell 2000 index performance from the trade date to the determination date. If the final index level is above the initial level, holders receive $1,000 plus the upside participation rate (at least 100%) times the index return. If the final level is down but no more than the 15% buffer, holders receive the $1,000 face amount. If the final level falls below the 85% buffer level, losses apply pro rata; examples show a final level of 21.000% would produce a cash settlement equal to 36.000% of face amount. The notes pay no interest, are subject to issuer and guarantor credit risk, may have limited liquidity, and include tax treatment uncertainty.

GS Finance Corp. is offering Autocallable Leveraged Index Return Notes® (two-year term, due July 2028) linked to the common stock of NVIDIA Corporation. The notes pay no periodic interest, can be automatically called about one year after pricing for a Call Payment of approximately $11.30–$11.50 per $10 unit if the Observation Value ≥ the Call Value, and otherwise provide a 150.00% participation in upside at maturity subject to an absolute-return floor and a 60.00% Threshold Value. Estimated value at pricing is $9.25–$9.55 per $10 unit; public offering price is $10.00. All payments are subject to the issuer’s and guarantor’s credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering callable buffered notes linked to the S&P 500® Futures Excess Return Index, due July 31, 2031 and guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an expected trade date of July 28, 2026.

The notes pay no interest, participate at an 175% upside rate if the final underlier level is at or above the initial level, and provide a 20% buffer (buffer level = 80% of initial). If the final underlier level is below the buffer, holders can suffer substantial principal loss. The issuer may redeem on scheduled call dates at preset call premiums. The estimated value on the trade date is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due July 11, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay cash at maturity based on the GSMBFC5 Index, are subject to annual automatic calls if the index meets a 101% call level, and carry an upside participation rate of 100%. The pricing supplement states an estimated trade-date value of $885 to $935 per $1,000 face amount and confirms a daily deduction/fee of 0.65% per annum applied within the index methodology. Key structural features include a 5% realized volatility control, a momentum risk control that can allocate up to 75% to a cash position, and no periodic interest payments; principal at maturity is limited to the face amount if the index return is zero or negative.