Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers $500,000 in principal of callable, S&P 500®-linked notes (guaranteed by The Goldman Sachs Group, Inc.). The notes pay no interest, may be automatically called on the call observation date if the S&P 500 closing level is >= the initial level, and otherwise pay at maturity based on the S&P 500 performance with a 150% upside participation and an 80% buffer.

Key economics: initial underlier level 7,357.49 (closing June 25, 2026), upside participation 150%, buffer level 80%, call payment if called equals $1,096 per $1,000 face. Trade date is June 26, 2026, original issue date July 1, 2026, and stated maturity date is June 29, 2029.

GS Finance Corp. offers structured, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $2,510,000 in aggregate face amount on the original issue date, with an original issue price of 100% and an underwriting discount of 2% plus a structuring fee of up to 0.65%. The notes reference an equally weighted basket of 11 stocks (initial basket level 100) and mature on June 29, 2029, unless automatically called on the call observation date (July 6, 2027), which would trigger a fixed call payment of $1,145 per $1,000 face amount. At maturity, payoff depends on the basket return with an upside participation rate of 150% and a trigger buffer level of 70%, and investors face credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing was approximately $922 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest‑bearing medium‑term notes linked to the S&P 500® Index. The offering aggregates $1,500,000 of face amount in $1,000 denominations, with a trade date of June 26, 2026 and a stated maturity of June 29, 2028. At maturity you receive either the face amount or a cash payment equal to the underlier return applied to the face amount, subject to a maximum settlement amount of $1,155.50. The notes pay no interest, carry issuer and guarantor credit risk, may have limited secondary liquidity, and are taxed as contingent payment debt instruments using a comparable yield of 4.5825% per annum.

GS Finance Corp. / The Goldman Sachs Group, Inc. priced principal-at-risk notes linked to the VanEck Semiconductor ETF (ticker SMH). Each note has a $1,000 face amount and pays at maturity based on the underlier return, with a 200% upside participation rate, a 20% trigger buffer and a $1,516 maximum settlement amount. Notes pay no interest, may pay the face amount if the final underlier level is ≥80% of the initial level, but will suffer pro rata losses if the final level is below 80% (investors can lose their entire investment). The pricing supplement states an aggregate face amount of $857,000, an original issue price of 100% of face and underwriting concessions of 2%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to an equally weighted 9‑stock basket. The notes mature on June 29, 2028 and include an automatic call on July 9, 2027 if the basket closing level on that call observation date is greater than or equal to the initial basket level of 100. If called, each $1,000 face amount pays $1,199 on the call payment date. At maturity, payouts vary: positive basket return receives 125% upside participation, returns between 0% and -20% receive principal protection of $1,000, and declines below -20% produce reduced cash settlement per the 20% buffer and 125% buffer rate. The estimated value on the trade date was approximately $947 per $1,000 face amount. Key terms: trade date June 26, 2026, original issue date July 1, 2026, aggregate face amount initially $3,289,000, issue price 100%, underwriting discount 1.5%, net proceeds 98.5%. The notes are unsecured obligations subject to issuer and guarantor credit risk and are not equivalent to owning the underlying stocks.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes maturing July 1, 2031. Each note links monthly coupon triggers to three stocks: a TSM ADS (initial price $432.35), Oracle common ($148.53) and Dell Class C ($399.49). Coupons (up to 0.675% monthly) are paid only when each index stock meets an 80% trigger. Notes are subject to automatic call beginning June 2027 if each index stock meets its initial price on an observation date. The estimated value at pricing was approximately $946 per $1,000 face amount; original issue price is 100%. The offering bears issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering $23,311,210 aggregate face amount of Trigger Autocallable Contingent Yield Notes due June 30, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.2625 per $10 face amount (up to 10.50% per annum) only when both the EURO STOXX 50® and the Nasdaq-100® close at or above a 70% coupon barrier on observation dates. Commencing December 28, 2026, the notes are automatically called if both indices close at or above their initial levels; otherwise principal at maturity is contingent on the lesser performing index and could result in a loss up to the full investment. The estimated value at issuance was approximately $9.86 per $10 face amount and the original issue price equals face (100%), with a 2.25% underwriting discount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due December 29, 2028 with a stated interest rate of 4.50% per annum. The notes were issued on June 30, 2026, pay interest semiannually on June 30 and December 30, with the first payment on December 30, 2026. The issuer may redeem the notes in whole, but not in part, on each scheduled quarterly redemption date beginning on or after June 30, 2027, upon at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to four large-cap stocks with monthly conditional coupons and an automatic call feature. The notes mature on July 1, 2031 unless automatically called on observation dates beginning June 2027. Coupons of $9.167 per $1,000 are payable for a given month only if the closing price of each index stock is at least 80% of its initial price. The notes will be automatically called if, on any call observation date, the closing price of each index stock is greater than or equal to its initial price. The estimated value at pricing was approximately $949 per $1,000, with an original issue price of 100% and an underwriting discount of 4%.

GS Finance Corp. is offering Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc., linked to the Russell 2000® and S&P 500® indices. Each $1,000 face amount pays no interest and will return either the face amount or a capped cash payout (at least $1,142.50) at maturity depending on the lesser performing underlier measured from the trade date to the determination date. Key dates shown include a trade date of July 31, 2026, original issue date of August 5, 2026, determination date of July 31, 2028 and stated maturity of August 3, 2028. The notes are part of GS Finance Corp.'s Medium-Term Notes, Series F program, are not interest-bearing, and are subject to the credit risk of the issuer and guarantor.

The Goldman Sachs Group, Inc. is offering $6,000,000 in Callable Fixed Rate Notes due June 28, 2030 with a 4.90% per annum coupon payable semiannually. The notes are callable at issuer option on specified quarterly redemption dates beginning June 30, 2028 at 100% of principal plus accrued interest.

The initial price to public is 100% of principal; underwriting discount is 0.498%, and estimated proceeds before expenses to the issuer are $5,970,120. Settlement and original issue date is June 30, 2026. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent coupon medium-term notes linked to the common stocks of Advanced Micro Devices, NVIDIA and Tesla. The notes mature on June 30, 2031 unless automatically called on observation dates beginning in June 2027. Coupons are monthly per $1,000 face amount: a maximum of $7.625 (0.7625% monthly; 9.15% annually) if each index stock is >= 75% of its initial price on a coupon observation date, or a minimum of $0.209 (0.0209% monthly; ~0.25% annually) otherwise. Notes are automatically called if each index stock is >= 90% of its initial price on a call observation date; called notes pay face amount plus coupon on the call payment date. The trade date was June 26, 2026; original issue date June 30, 2026; original issue price 100% of face amount. The estimated value on the trade date was approximately $944 per $1,000 face amount. Investors remain exposed to issuer and guarantor credit risk and to calculation agent discretion (GS&Co.) on pricing, observation dates, anti-dilution adjustments and market-disruption determinations.

The BlackRock Dynamic Factor Index measures whether a mix of up to five equity ETFs, up to three fixed income ETFs and a cash constituent outperforms the sum of the return on SOFR plus 0.26161% and an additional 0.65% per annum fee (accruing daily). Allocations among equity, fixed income and cash are set daily to target a volatility limit of 5%, which can result in large cash allocations; the index allocated up to 85.5% to cash in the recent past and was 46.36% cash as of June 1, 2026. The index discontinued use of 3-month USD LIBOR on December 28, 2021, replacing it with SOFR plus 0.26161%, and limited post-LIBOR history is available. The supplement lists component ETFs, current weightings and detailed risk factors for securities linked to the index.

GS Finance Corp. offers $17,351,300 aggregate face amount of Buffer Autocallable GEARS linked to the S&P 500® Index, due June 29, 2029, guaranteed by The Goldman Sachs Group, Inc. Terms include an autocall on July 6, 2027 (call payment July 9, 2027), an initial index level of 7,354.02, upside gearing 1.325, a 10.00% buffer (downside threshold 90.00%), and a 9.00% call return. If not called, positive index performance is multiplied by the upside gearing; declines beyond the 10% buffer produce proportional losses. The estimated model value on the trade date was approximately $9.69 per $10 face amount and the original issue price is 100.00% of face amount. All payments are subject to issuer and guarantor credit risk; suitability and tax treatment warnings are included.

The Goldman Sachs Group, Inc. is offering $6,000,000 of Callable Fixed Rate Notes due June 30, 2028. The notes bear interest at 4.55% per annum from the original issue date, June 30, 2026, with semiannual interest payments on June 30 and December 30, beginning December 30, 2026. The issuer may redeem the notes in whole, but not in part, on each quarterly redemption date on or after December 30, 2026, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice.

The initial price to the public is 100% of principal and underwriting discount is 0.33%, leaving proceeds before expenses to The Goldman Sachs Group, Inc. of $5,980,200. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. is offering structured notes tied to three stocks (Alphabet Class C, TSMC ADS representing five shares, and Bank of America common) that mature July 1, 2031 unless automatically called. Coupons of $7.5 per $1,000 (0.75% monthly; up to 9% per annum) are paid only when each index stock closes at or above 80% of its initial price on scheduled coupon observation dates. Notes will be automatically called if, on any call observation date, each index stock closes at or above its initial index stock price; call observation dates commence June 2027. The trade date is June 26, 2026; original issue date is June 30, 2026. The prospectus states an estimated value of approximately $951 per $1,000 face amount on the trade date. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc., and the calculation agent (GS&Co.) has discretionary authority over price determinations and anti-dilution adjustments.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2030 with an interest rate of $4.90% per annum, accruing from June 30, 2026 to but excluding the stated maturity of December 30, 2030. Interest is paid semiannually on June 30 and December 30, with the first payment on December 30, 2026. The notes are callable in whole (not in part) on each quarterly redemption date on or after June 30, 2027, at a redemption price equal to 100% of principal plus accrued interest. The initial public offering amount is $6,943,000 at 100% of par; underwriting discount is 0.65% and estimated offering expenses to the issuer are $15,000. Delivery is scheduled in New York on June 30, 2026.

GS Finance Corp. offers $59,262,740 in Trigger Autocallable GEARS linked to an equally weighted basket of 27 stocks, guaranteed by The Goldman Sachs Group, Inc. The securities have a trade date of June 26, 2026, original issue date June 30, 2026, and stated maturity June 29, 2029. They are unsecured notes that may be automatically called on the call observation date July 5, 2027 if the basket closing level is greater than or equal to the autocall barrier (100% of initial level), producing a call payment equal to $10 plus a 25.00% call return per $10 face amount. If not called, maturity payoffs depend on the final basket level: positive returns are leveraged by an upside gearing of 1.6535, a full principal repayment occurs down to a downside threshold of 75.00%, and below that threshold investors bear the basket loss down to potentially a total loss. The estimated value at issuance was approximately $9.15 per $10 face amount and the original issue price is 100.00% of face amount.

GS Finance Corp. priced $9,567,450 aggregate face amount of Trigger Autocallable Notes linked to the EURO STOXX 50® Index due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on quarterly observation dates if the index closes at or above the autocall barrier (100% of the initial level), and return the face amount at maturity only if the final index level is at or above the downside threshold (75% of the initial level). If not called and the final index level is below 75% of the initial level, the cash settlement reflects the index return and investors may lose a substantial portion or all of their investment. Original issue price was 100.00% of face amount; estimated value at issue was approximately $9.66 per $10 face amount.

GS Finance Corp. is offering $6,923,550 of Buffer Autocallable GEARS due 2029, guaranteed by The Goldman Sachs Group, Inc. The securities pay a cash amount tied to an unequally weighted basket of five international indices with an initial basket level of 100, an upside gearing of 1.93, a 10% buffer (downside threshold 90%), and an 11% call return if automatically called on the call observation date. Trade date is June 26, 2026, original issue date June 30, 2026, determination date June 26, 2029, and stated maturity June 29, 2029. Payments are subject to issuer and guarantor credit risk and there is no periodic coupon.

GS Finance Corp. offers $41,339,590 of Trigger Autocallable GEARS linked to the EURO STOXX 50^® Index due July 1, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on July 6, 2027 if the index closes at or above the autocall barrier (100% of the initial level), and otherwise settle at maturity based on the final index level, with upside exposure multiplied by an upside gearing of 1.66 or full downside market exposure below a downside threshold of 75.00 of the initial index level. The original issue price is 100.00% of face amount, the estimated model value at issue is approximately $9.61 per $10 face amount, and the call return is 18.00. All payments are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due June 11, 2029 that pay interest at 4.70% per annum from the original issue date of June 30, 2026 with annual interest payments on each June 30 and at maturity. The notes may be redeemed in whole, but not in part, on each quarterly redemption date on or after June 30, 2027 at a price equal to 100% of principal plus accrued interest, subject to at least five business days’ prior notice.

The offering size is $10,500,000 at an initial price to public of 100% (per note), with an underwriting discount of 0.727% (totaling $76,335) and estimated proceeds to the issuer of $10,423,665. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. is offering $2,655,000 aggregate face amount of market-linked notes linked to the S&P 500® Index due June 30, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, return principal at maturity if the final index level is at or below the initial level, and provide upside equal to the index return times a 100% participation rate subject to a 71.60% maximum return (maximum settlement amount of $1,716.00 per $1,000 face amount). The notes were priced so their estimated value at issuance was approximately $954 per $1,000 face amount; original issue price is 100.00% with a 3.50% underwriting discount. Payments and principal are subject to the credit risk of GS Finance Corp. and its guarantor.

The Goldman Sachs Group, Inc. offers Callable Fixed Rate Notes due 2032 with a 5.15% annual interest rate, issued June 30, 2026 and maturing June 30, 2032. The notes pay interest annually on June 30, starting June 30, 2027, and are callable quarterly beginning June 30, 2027 at 100% of principal plus accrued interest. The initial offering size is $9,000,000 at an issue price of 100.00%, with an underwriting discount of 1.25% and gross proceeds to the issuer of $8,887,500 before expenses.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected-style, non-interest notes linked to Intel Corporation common stock. The notes have a $1,000 face amount per note, trade date June 26, 2026, original issue date June 30, 2026, and stated maturity June 29, 2029. Notes are automatically called if the Intel closing price on any call observation date is ≥75% of the initial index stock price of $128.32, producing a capped cash payment based on specified call premium amounts. If not called, the maturity payment depends on the final index stock price relative to the initial price: payments are positive down to a 50% threshold (receiving the absolute decline as a positive return), but below 50% the holder suffers a percentage loss of principal (you could lose your entire investment). The estimated value on the trade date was about $959 per $1,000. Read issuer credit and structure risks described in the supplement.

The Goldman Sachs Group, Inc. is offering $7,000,000 of Callable Fixed Rate Notes due June 10, 2033. The notes pay interest at a fixed rate of 5.25% per annum from the original issue date of June 30, 2026 with annual payments on each June 30, beginning June 30, 2027. The offering price is 100% of principal; underwriting discount is 1.151% (totaling $80,570) and estimated proceeds to the issuer before expenses are $6,919,430. The issuer may redeem the notes in whole, but not in part, on specified quarterly redemption dates on or after December 30, 2027, at a price equal to 100% of principal plus accrued interest.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the MSCI Emerging Markets Index and the EURO STOXX 50 Index. The cash payment at maturity for each $1,000 face amount depends solely on the lesser performing underlier as measured from the trade date of June 26, 2026 to the determination date of June 26, 2031, with a stated maturity of July 1, 2031.

If both underliers finish at or above their initial levels you receive the greater of the threshold settlement amount $1,650 or $1,000 plus the lesser performing underlier return. If any underlier finishes below its initial level but >= the buffer level (70%) you receive $1,000. If the lesser performing underlier finishes below the buffer, losses apply pro rata beneath the buffer; the notes therefore expose holders to principal loss. The offering aggregate face amount is $2,827,000. The notes do not pay interest.

The Goldman Sachs Group, Inc. is offering $7,500,000 principal amount of Callable Fixed Rate Notes due June 11, 2046 with a fixed interest rate of 5.90% per annum, payable annually each June 30, commencing June 30, 2027. The notes were issued at 100% of principal, with an underwriting discount of 1.805% resulting in proceeds of $7,364,625 to the issuer before expenses. The notes are callable, in whole but not in part, on quarterly redemption dates on or after June 30, 2029, at a redemption price equal to 100% of principal plus accrued interest. The offering will settle through DTC in book-entry form on June 30, 2026.

The Goldman Sachs Group, Inc. is offering $23,000,000 principal of Callable Fixed Rate Notes due June 30, 2031. The notes bear interest at 5.25% per annum from and including the original issue date June 30, 2026, payable annually on each June 30, beginning June 30, 2027.

The notes are callable in whole (not in part) on each March 30, June 30, September 30 and December 30 on or after June 30, 2027, with at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest. The offering initial price to public is 100% and underwriting discount is 0.399%, yielding proceeds before expenses to The Goldman Sachs Group, Inc. of $22,908,230. The notes will be issued in book-entry form through DTC; secondary market liquidity is not assured.

The Goldman Sachs Group, Inc. is offering $13,500,000 of Callable Fixed Rate Notes due June 11, 2036. The notes pay interest at 5.45% per annum from the original issue date June 30, 2026, with annual interest payment dates on each June 30 and at maturity and a first payment on June 30, 2027.

The notes are callable in whole (but not in part) on each redemption date beginning on December 30, 2027 (and thereafter each March 30, June 30, September 30 and December 30) at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The initial price to the public is 100.00% of principal and the underwriter discount is 1.268%, yielding proceeds to the issuer of $13,328,820 before expenses. The offering will settle through DTC on June 30, 2026.

The Goldman Sachs Group, Inc. is offering $14,000,000 of Callable Fixed Rate Notes due December 28, 2029. The notes pay interest at 5.00% per annum from and including the original issue date June 30, 2026, with semiannual payments on June 30 and December 30 (first payment December 30, 2026).

The issuer may redeem the notes in whole, not in part, on quarterly redemption dates on or after December 30, 2026, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ notice. The initial price to public is 100% (aggregate $14,000,000); underwriting discount is 0.44% and proceeds before expenses to the issuer are $13,938,400. Settlement is scheduled for June 30, 2026. The notes are book-entry through DTC, are a new issue with no established trading market, and are subject to tax, distribution and jurisdictional restrictions described in the pricing supplement.

GS Finance Corp. is offering notes indexed to the BlackRock Dynamic Factor Index, a composite that combines an equity ETF basket (up to five ETFs), a fixed income ETF basket (up to three ETFs) and a cash constituent. The index measures whether those underlying assets outperform a notional interest rate (SOFR plus 0.26161%) less an additional 0.65% per annum fee (accruing daily).

The index targets a volatility limit of 5% and reallocates daily among equities, fixed income and cash to pursue that target; as of June 1, 2026 the cash constituent weight was 46.36% (historically as high as 85.5%). The notes are medium-term indexed debt securities of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.; specific terms for any tranche will appear in the applicable pricing supplement.

The Goldman Sachs Group, Inc. is offering $4,000,000 of Callable Fixed Rate Notes due June 11, 2041 that pay interest at 5.75% per annum from the original issue date of June 30, 2026. Interest will be paid annually on each June 30, beginning June 30, 2027.

The notes are redeemable at Goldman Sachs’ option, in whole but not in part, on each redemption date (each March 30, June 30, September 30 and December 30 on or after December 30, 2028) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The offering price is 100% of principal; underwriting discount is 2.12%, and estimated net proceeds to the issuer are shown as $3,915,200.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering long-dated, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an expected trade date of July 1, 2026, an expected original issue date of July 6, 2026 and an expected stated maturity date of July 7, 2032. Each note has a $1,000 face amount and may be automatically called on scheduled call observation dates beginning in July 2027 if the index closing level is greater than or equal to the initial underlier level; call payments combine principal plus a specified call premium. If not called, maturity payoffs depend on the index return versus the initial level, are capped at a $2,815 maximum per $1,000 face amount and may deliver less than principal (full loss possible). The underlier applies daily leverage (up to 500%), a per‑annum daily decrement of 6.0%, and volatility‑targeting and signal rules that materially affect performance. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering $7,576,000 of Callable Fixed Rate Notes due June 30, 2038. The notes pay interest at 5.60% per annum from and including the original issue date June 30, 2026, with annual payments each June 30 beginning June 30, 2027.

The notes are callable at the issuer's option in whole (but not in part) on each redemption date on or after June 30, 2028 (quarterly) at a price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. Initial price to public is 100% of principal; underwriting discount is 1.638%.

The Goldman Sachs Group, Inc. is issuing Callable Fixed Rate Notes due 2031. The pricing supplement sets an initial price to public of $18,000,000 for the series, with an interest rate of 5.00% per annum from the original issue date of June 30, 2026 to the stated maturity date of June 11, 2031. Interest is payable annually on June 30 (first payment June 30, 2027), and Goldman Sachs may redeem the notes in whole, but not in part, on each quarterly redemption date on or after June 30, 2027 at 100% of principal plus accrued interest.

The offering is being distributed by Goldman Sachs & Co. LLC and InspereX LLC, with an underwriting discount of 1.103% and estimated net proceeds to The Goldman Sachs Group, Inc. of $17,801,460 before expenses. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

The issuer, GS Finance Corp., is offering autocallable contingent coupon notes tied to the First Trust Nasdaq Cybersecurity ETF (CIBR) with an expected trade date of June 30, 2026 and an expected original issue date of July 6, 2026. Coupons of $22.50 per $1,000 (2.25% quarterly; up to 9% per annum) are paid only when the ETF closing level on a coupon observation date is at or above 70% of the initial level. Notes will be automatically called if the ETF on any call observation date is greater than or equal to the initial level; if not called, maturity payment depends on the ETF return with a 70% trigger buffer (a final underlier level below 70% produces a proportional principal loss). The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and complex tax treatment.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return, per $1,000 face amount, either the face amount at maturity or, if the final underlier level exceeds the initial level, $1,000 plus $1,000 multiplied by the upside participation rate and the underlier return. The upside participation rate is at least 124%. The trade date is July 28, 2026, the original issue date is July 31, 2026, the determination date is July 28, 2031 and the stated maturity date is July 31, 2031. The underlier is the S&P 500® Futures Excess Return Index, which tracks E‑mini S&P 500 futures rather than the S&P 500® Index. The notes are payable in cash and are subject to issuer and guarantor credit risk, potential negative roll yields, market disruption provisions and specific U.S. federal income tax rules for contingent payment debt instruments.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a cash settlement at maturity tied to the performance of the S&P 500® Futures Excess Return Index from the trade date to the determination date. If the final underlier level is at or above the initial level, investors receive $1,000 + $1,000 × upside participation rate × underlier return (upside participation rate at least 113%). If the final level is below the initial level but no more than the buffer (85% of initial), investors receive $1,000 + $1,000 × absolute underlier return. If the final level is below the buffer, investors suffer a loss equal to the buffer rate × (underlier return + buffer amount) × $1,000; the buffer amount is 15% and the buffer rate is 100%. Trade date is July 28, 2026, original issue date July 31, 2026, determination date January 29, 2029, and stated maturity February 1, 2029. The notes pay no interest, are cash‑settled, are subject to issuer and guarantor credit risk, may have limited secondary market liquidity, and are treated as pre‑paid derivative contracts for U.S. federal income tax purposes (per counsel opinion).

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due January 10, 2028. Each note references the Nasdaq-100, Russell 2000 and S&P 500 indices and pays contingent monthly coupons of $11.25 per $1,000 when all underliers meet 70% coupon triggers on observation dates. The notes will be automatically called if, on any call observation date, each underlier is at or above its initial level, in which case holders receive $1,000 plus any coupon then due. If not called, the cash settlement at maturity is based solely on the lesser performing underlier; principal can be fully lost if that underlier falls to 0% of its initial level. Trade date is July 2, 2026 and original issue date is July 7, 2026. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.; investors bear the credit risk of both entities.

GS Finance Corp. offers S&P 500® Futures Excess Return Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, pay no periodic interest, and provide on maturity either the face amount or, if the final underlier level exceeds the initial level, $1,000 + $1,000 × upside participation rate × underlier return. The underlier is the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP Index). Key dates stated: trade date July 31, 2026, original issue date August 5, 2026, determination date July 31, 2031, and stated maturity date August 5, 2031. The upside participation rate will be at least 137%. The notes are subject to issuer and guarantor credit risk, potential negative roll yields from futures exposure, limited secondary-market liquidity, and special U.S. federal income tax treatment as contingent payment debt instruments.

GS Finance Corp. offers index-linked medium-term notes due 2028 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either the face amount or a capped cash settlement tied to the lesser performing underlier (the Russell 2000 and the S&P 500). The maximum settlement amount is $1,154.50 per $1,000 face amount. Key dates shown include a trade date of July 15, 2026, original issue date of July 20, 2026, determination date of June 27, 2028 and a stated maturity date of June 30, 2028. The notes pay no interest, are treated as contingent payment debt instruments for U.S. federal income tax purposes, and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable, buffered notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of July 2, 2026, an expected original issue date of July 7, 2026 and an expected stated maturity of July 7, 2028. The notes pay no interest and are automatically called if the index on the call observation date (expected July 15, 2027) is at or above the initial index level, producing at least $1,100 per $1,000 face amount on the call payment date. If not called, redemption at maturity depends on the index performance: investors receive at least $1,000 if the final index level is no worse than 10% below the initial level; otherwise losses accrue at a buffer rate of approximately 111.11%, exposing holders to potentially large principal loss. The pricing supplement states an estimated value at pricing of $900–$930 per $1,000 face amount and notes are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. is offering leveraged, buffered Russell 2000 Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide upside participation of 200% subject to a maximum settlement amount of at least $1,302.50 per $1,000 face amount. If the Russell 2000 closes at or above the buffer level (90% of the initial level) on the determination date, holders receive at least the face amount; if it falls below the buffer level, principal is reduced pro rata according to the disclosed formula. Trade date is July 31, 2026, original issue date August 5, 2026, determination date July 31, 2028, and stated maturity August 3, 2028. The pricing supplement notes that the original issue price will exceed the estimated model value and that investors bear issuer and guarantor credit risk, limited upside and potential for substantial principal loss.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either the face amount or, if the final S&P 500 level exceeds the initial level, a cash payment equal to $1,000 plus the underlier return per note subject to a maximum settlement amount of at least $1,195. The trade date is July 28, 2026, the original issue date is July 31, 2026, the determination date is April 30, 2029, and the stated maturity date is May 3, 2029. The notes pay no interest, expose investors to issuer/guarantor credit risk, and may trade below purchase price prior to maturity.

GS Finance Corp. is offering Leveraged EURO STOXX 50® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; payment at maturity depends on the EURO STOXX 50® performance from the trade date to the determination date. If the final underlier level is greater than the initial level, the cash payment equals $1,000 plus $1,000×upside participation rate×underlier return; if the final underlier level is equal to or less than the initial level, you receive the face amount.

The trade date is July 28, 2026, original issue date July 31, 2026, determination date July 28, 2031 and stated maturity date July 31, 2031. The upside participation rate is stated as at least 120%. The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk, limited secondary-market liquidity and special U.S. federal tax rules for contingent payment debt instruments.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $10 face amount and an initial allocation that is 50% bond / 50% equity. Interest, if any, will be paid annually and is determined by daily reference-date interest factors set on the trade date (the interest factor per reference date equals the bond allocation percentage times between 3.80% and 4.40%). The trade date is expected to be July 15, 2026, original issue date July 17, 2026, and stated maturity date July 19, 2029. Up to three sequential reallocation events (at 95%, 90%, and 85% of the initial index level) can reduce the bond allocation percentage to 30%, 10%, and 0%, respectively, which reduces or can eliminate future interest and increases exposure to the S&P 500®. Payments (interest or principal) are subject to the issuer’s and guarantor’s creditworthiness and investors may lose some or all of their investment.

GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called for a $1,100 cash payment per $1,000 face amount if the call observation condition is met, and otherwise provide cash settlement at maturity tied to S&P 500 performance with an upside participation rate of at least 187.74% and a 10% buffer (buffer level = 90%). Trade date is July 2, 2026 and original issue date is July 7, 2026. The original issue price equals 100% of face amount and the underwriting discount is 1.5% of face amount. The notes are subject to issuer and guarantor credit risk and may result in loss of the entire investment if the final underlier level is below the buffer level.

GS Finance Corp. is offering callable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average®, the Nasdaq-100® and the EURO STOXX 50® and may pay monthly coupons of $10.292 per $1,000 face amount when each underlier is at or above 65% of its initial level. The issuer may redeem notes on scheduled coupon payment dates beginning with the September 2026 coupon date. At maturity (expected June 2, 2028), the cash settlement depends on the performance of the lesser performing underlier versus trigger buffer and coupon trigger levels (70% and 65% of initial levels, respectively). The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount and the original issue price is 100% of face amount.