Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering index-linked notes due August 19, 2027 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return either the face amount ($1,000 per note) or a capped cash payment equal to the maximum settlement amount of $1,059 per $1,000 face, depending on the performance of the lesser performing underlier.

Performance is measured from the trade date (July 15, 2026) to the determination date (August 16, 2027) and references the Russell 2000® Index and the S&P 500® Index. If each underlier’s final level is greater than or equal to its initial level, holders receive the capped amount; if any underlier return is negative, holders receive only the face amount. Terms, pricing and certain dates are subject to adjustment as described in the accompanying documents.

GS Finance Corp. launches S&P 500® index‑linked notes due 2030, 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 cash settlement tied to the S&P 500 performance from the trade date to the determination date, up to a maximum settlement amount of at least $1,286 per $1,000 face amount. The trade date is expected to be July 28, 2026, the determination date is April 29, 2030 and the stated maturity date is May 2, 2030. The notes bear no periodic interest, are paid in cash only, carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and are treated for U.S. federal income tax purposes as contingent payment debt instruments.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return depends on the S&P 500 performance measured from the trade date to the determination date.

The notes offer an upside participation rate of 200% with a maximum settlement amount of at least $1,220 per $1,000 face amount. A 10% buffer applies (buffer level = 90% of initial level): declines up to 10% preserve principal; larger declines cause proportional losses. Trade date is July 31, 2026, original issue date August 5, 2026, determination date July 31, 2028, and stated maturity August 3, 2028.

GS Finance Corp. offers $1,000-face-autocallable contingent coupon equity-linked notes due July 21, 2027 (original issue price 100% of face) tied to the common stock of GE Vernova Inc. Coupons are contingent and paid quarterly only if the underlier closes at or above 65% of the initial level on observation dates. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. At maturity, cash settlement per $1,000 depends on the final underlier level relative to a 65% buffer and uses a buffer rate of ~153.85%; investors may lose their entire investment if the final underlier level is sufficiently low. The notes are senior debt of GS Finance Corp. with an unconditional guarantee by The Goldman Sachs Group, Inc., not exchange-listed, and subject to issuer and guarantor credit risk.

The issuer, GS Finance Corp., is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (ticker: SPAR4V6). The notes have an original issue price of 100%, an estimated value at pricing of approximately $926 per $1,000 face amount, and aggregate face amount of $200,000 on the original issue date. Monthly coupon payments may be made only if the index closing level on an observation date is at or above 60% of the initial underlier level (481.65). The notes mature on July 2, 2031 unless automatically called on a call observation date (Dec 2026–May 2031) when the index closing level is greater than or equal to the initial underlier level, in which case holders receive face amount plus accrued coupon on the next call payment date. The index applies up to 500% maximum leverage, a cap on daily leverage change of 100%, and a fixed daily 6.0% per annum decrement, all of which materially affect potential returns.

GS Finance Corp. is offering leveraged, buffered EURO STOXX 50® index-linked notes due August 5, 2031, guaranteed by The Goldman Sachs Group, Inc.. For each $1,000 face amount the maturity payment depends on the underlier return from the trade date to the determination date: positive upside if the index finishes above the initial level (participation at least 164%), full face amount if the index declines by no more than the 25% buffer, and a pro rata loss below the buffer. The notes pay no interest, are subject to issuer and guarantor credit risk, and may have limited secondary-market liquidity. Terms such as the initial underlier level and certain prices will be set on the trade date (July 31, 2026).

GS Finance Corp. offers structured, callable notes linked to the common stock of Advanced Micro Devices, Alphabet, Palantir and Tesla with an aggregate face amount of $2,127,000. The notes mature on June 30, 2031 unless automatically called on observation dates from June 2027 through May 2031.

Monthly coupons are binary: the maximum coupon is $10.084 per $1,000 face (≈12.1% p.a.) if each index stock is ≥75% of its initial price on a coupon observation date; otherwise the minimum coupon is $0.209 per $1,000. The prospectus notes an estimated value of approximately $947 per $1,000 face on the trade date. The original issue price is 100% of face with an underwriting discount of 4% and net proceeds of 96%.

GS Finance Corp. offers $5,217,000 aggregate face amount of medium-term, S&P 500®-linked principal-at-risk notes, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date if the underlier closes at or above the initial level, and mature on June 28, 2029 (determination and maturity dates are subject to adjustment). If automatically called, each $1,000 face amount pays $1,085 on the call payment date; if not called, maturity cash depends on final underlier performance with a 150% upside participation rate and a 75% trigger buffer below which losses are proportional to the underlier decline. The notes carry credit risk of the issuer and guarantor, have underwriting discount of 2.5%, and may result in a loss of your entire investment.

The Goldman Sachs Group, Inc. is offering $4,000,000 of fixed rate senior notes due June 30, 2031. The notes pay interest at an annual rate of 4.70%, with semiannual payments each June 30 and December 30 beginning December 30, 2026. The notes are issued at 100% of principal, with an underwriting discount of 0.625% and net proceeds to the issuer of 99.375% of principal. The notes will be issued in book-entry form through DTC, will not be listed on an exchange, and are senior unsecured obligations issued under the company’s medium-term note program.

GS Finance Corp. priced principal-at-risk notes linked to Broadcom Inc. (AVGO) that mature on December 30, 2027 with payment determined by Broadcom's closing stock level from June 24, 2026 to the December 27, 2027 determination date. For each $1,000 face amount, holders receive $1,349 if the final level is at or above 70% of the initial level; if below that 70% trigger buffer the cash payment declines 1% for each 1% drop in the underlier, potentially resulting in a total loss of principal. The notes pay no interest, are issued at 100% of face amount with a 1.75% underwriting discount (net proceeds 98.25%), are guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk and structural, model and liquidity risks described herein.

GS Finance Corp. priced medium-term, equity-linked notes tied to the EURO STOXX 50® Index with a $5,596,000 aggregate face amount. Each note pays no interest and returns, at maturity, either the $1,000 face amount or $1,000 plus 120% of the underlier return if the final index level exceeds the initial level. The notes trade on June 25, 2026, issue on June 30, 2026, and mature on June 30, 2031 (determination date June 25, 2031), subject to adjustments.

The pricing shows an original issue price equal to face (100%) with an underwriting discount of 3.71% and net proceeds of 96.29%. The notes are debt of GS Finance Corp. with an unconditional guarantee by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk, secondary-market illiquidity, and complex U.S. federal tax rules treating the notes as contingent payment debt instruments.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to three underliers: the Russell 2000 Index, the EURO STOXX 50 Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have an aggregate face amount of $1,951,000, a five-year stated term with a determination date of June 25, 2031 and a stated maturity date of July 2, 2031. The notes pay no interest, may be automatically called on quarterly observation dates if each underlier closes at or above its initial level, and deliver at maturity a cash amount determined solely by the lesser performing underlier. If not called, the maturity cash payment is capped at 71.25% premium on $1,000 face amount or may result in principal loss down to the lesser performing underlier return; a trigger buffer is set at 60% of each initial underlier level. The offering is subject to underwriting discounts and market risks described in the supplement.

GS Finance Corp. is offering two separate buffered index-linked note tranches guaranteed by The Goldman Sachs Group, Inc. The offerings total $5,939,000 aggregate face amount across two notes linked to the EURO STOXX 50® Index and the S&P 500® Futures Excess Return Index. Each tranche has a $1,000 denomination, a trade date of June 25, 2026, an original issue date of June 30, 2026, and a stated maturity of June 30, 2031. Payout at maturity depends solely on the underlier closing level on the determination date (June 25, 2031), subject to specified buffers and participation rates. The pricing supplement discloses participation rates (150% and 174%), buffer levels (75% and 80%), estimated values per $1,000 face amount ($951 and $937), an issue price equal to face (100%), and an underwriting discount of 4.125%.

The notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor. The calculation agent (Goldman Sachs & Co. LLC) has broad discretions for disruptions, successor underliers and final level determinations. The supplement highlights structural, market, tax and liquidity risks, including that the estimated value at trade date is lower than the original issue price.

The issuer, GS Finance Corp., is offering structured notes with an aggregate face amount of $609,000 (original issue price 100% of face) that pay monthly conditional coupons tied to the closing prices of four index stocks and mature on June 30, 2033 unless automatically called starting June 2027. Coupons accrue at a stated monthly schedule equal to $6.459 per $1,000 multiplied by the number of coupon observation dates met (0.6459% monthly, up to ~7.75% per annum), but a coupon is paid on a coupon payment date only if the closing price of each index stock on the related coupon observation date is at least 81% of its initial index stock price. The notes are automatically redeemed if on any call observation date the closing price of each index stock is at least 81% of its initial index stock price, in which case holders receive face amount plus accrued coupon. The estimated value on the trade date is approximately $939 per $1,000 face; underwriting discount is 4.125%. Payments are subject to the credit risk of the issuer and guarantor and to complex adjustment mechanics for corporate events.

GS Finance Corp. offers callable S&P 500® Futures Excess Return Index‑linked notes due 2031 guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an aggregate face amount of $729,000, a trade date of June 25, 2026 and an original issue date of June 30, 2026. The notes pay no interest, have an upside participation rate of 245% and a buffer of 20% (buffer level = 80% of the initial underlier level). The initial underlier level is 590.78. If the final underlier level exceeds the initial level, holders receive $1,000 plus 2.45× the index return per $1,000 face amount; if the final underlier level is between 80% and 100% of the initial level, holders receive $1,000; if below 80%, holders suffer a pro rata loss. The company may redeem the notes on specified monthly call payment dates beginning June 30, 2027. The estimated value on the trade date is approximately $939 per $1,000 face amount; the original issue price is 100% with an underwriting discount of 4.125% (net proceeds 95.875%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, index-linked medium-term notes with an aggregate face amount of $41,616,000. The notes pay no interest, carry an automatic annual call feature with rising call levels and capped call premiums, and settle in cash based on the Goldman Sachs Momentum Builder® Focus ER Index. The notes mature on June 30, 2033 unless earlier automatically called. The offering price is 100% of face amount; underwriting discounts and fees reduce net proceeds.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $2,718,000. The notes pay at maturity either the face amount or, if the final underlier level is greater than the initial level, $1,000 + $1,000 × 124% × underlier return. The trade date is June 25, 2026, original issue date is June 30, 2026, and the stated maturity date is June 30, 2031. The notes do not bear interest; original issue price equals 100% of face amount with an underwriting discount of 3.97%.

The notes reference E‑mini S&P 500 futures (not the S&P 500 index) and are exposed to roll yield, futures financing costs, issuer and guarantor credit risk, potential market‑disruption adjustments and U.S. tax rules treating the notes as contingent payment debt instruments (comparable yield 4.88%, projected payment example $1,277 per $1,000). Secondary market liquidity is not assured and market value may differ materially from purchase price.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term notes linked to the S&P 500 Index that mature in 2030. Each note has a $1,000 face amount; the aggregate face amount in this tranche is $565,000. At maturity the cash payment per $1,000 face amount will be either the face amount ($1,000) if the final underlier level is equal to or below the initial underlier level, or $1,000 plus the underlier return subject to a maximum settlement amount of $1,286. The notes pay no periodic interest. The trade date is June 25, 2026, original issue date is June 30, 2026, the determination date is March 25, 2030 and the stated maturity date is March 28, 2030. The issuer has identified a comparable yield of 4.7667% per annum for U.S. tax accrual purposes and a projected maturity payment of $1,195.92 per $1,000 for tax reporting. Purchasers are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., possible limited secondary market liquidity, and tax rules for contingent payment debt instruments.

The offered notes are 3-year, principal-protected notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder® Focus ER Index. For each $1,000 face amount, at maturity you receive $1,000 if the index return is zero or negative, or $1,000 plus 400% of the index return if the final index level is greater than the initial index level. The notes accrue no interest, carry an underwriting discount of 3.25%, and reflect a comparative model value below the original issue price. Key dates include trade date June 25, 2026, original issue date June 30, 2026, determination date June 25, 2029, and stated maturity June 28, 2029. The index applies daily rebalancing, a 5% realized volatility control and a deduction of 0.65% per annum, and may allocate substantially to hypothetical cash positions that earn zero on an excess-return basis, which can reduce or eliminate index gains.

GS Finance Corp. is offering structured notes linked to the Nasdaq-100 Index® and the VanEck Semiconductor ETF (SMH), with an expected stated maturity of April 12, 2029. Notes pay a monthly coupon of $8.75 per $1,000 face amount if each underlier is ≥ 70% of its initial level on an observation date.

The notes feature an automatic call from January 2027 through March 2029 if both underliers are ≥ 90% on a call observation date. At maturity, if not called, the cash settlement depends on the lesser performing underlier versus a 75% buffer; losses occur if a lesser underlier falls below 70% of its initial level. The estimated value at trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $7,200,000 of structured, non‑interest bearing notes linked to the S&P 500® Index. Each $1,000 face amount pays at maturity a cash amount determined by the S&P 500 performance from the trade date to the determination date, with a 125% upside participation rate, a 20% downside buffer (buffer level 80% of initial), and a $1,255 per $1,000 maximum upside. If the final index level falls below the buffer level, investors lose proportionally of face amount; notes mature on June 28, 2029 (determination date June 25, 2029).

The notes are issued at 100% of face, with a 2.5% underwriting discount (net proceeds 97.5%). These are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they do not pay interest and have uncertain tax treatment.

The issuer, GS Finance Corp., is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an original issue date of June 30, 2026. Each note has a $1,000 face amount; the aggregate original face amount was $4,169,000. The notes do not pay interest and may be automatically called on scheduled call observation dates beginning March 25, 2027 if the underlier closes at or above 90% of the initial level of 481.65. If not called, final payment depends on the underlier level on the determination date (June 25, 2031) with a capped maximum maturity payment of $2,100.04 per $1,000 face amount and a trigger buffer at 60% of the initial level. The notes are unsecured obligations of GS Finance Corp. and are subject to the credit risk of the issuer and guarantor.

GS Finance Corp. offers floating structured notes due July 2, 2031 (guaranteed by The Goldman Sachs Group, Inc.) linked to the Class C shares of Alphabet, Class A shares of Meta and common shares of NVIDIA. The notes pay no interest, have an automatic call on June 26, 2028 if each index stock closes at least 90% of its initial price, and would pay $1,260 per $1,000 on the call payment date if called. If not called, the maturity payout depends on the lesser performing index stock: if every final price exceeds its initial price the holder receives $1,000 plus 125% of the lesser performing index stock return times $1,000; if any final price is equal to or below its initial price, the holder receives $1,000. The prospectus discloses an aggregate original face amount of $542,000 on issue and an estimated model value of approximately $935 per $1,000 face amount on the trade date.

GS Finance Corp. offers indexed, principal-protected notes linked to the Goldman Sachs Momentum Builder® Focus ER Index that mature on January 2, 2030. For each $1,000 face amount, investors receive at maturity either the face amount ($1,000) if the final index level is equal to or below the initial index level (113.60), or $1,000 + ($1,000 × 475% × index return) if the final index level exceeds the initial index level. The index is a daily‑rebalanced, momentum‑based composite with volatility and momentum controls and a 0.65% per annum deduction; substantial allocations to hypothetical cash positions are possible. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., carry an underwriting discount of 3.19%, and were issued at 100% of face amount.

The issuer, GS Finance Corp., is offering principal-protected notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay no interest, may be automatically called on specified observation dates beginning December 28, 2026, and mature on June 30, 2031.

If automatically called, each $1,000 face amount receives $1,000 plus a call premium tied to the applicable call premium percentage. If not called, maturity payment depends on the index return: up to $2,500 per $1,000 if the final underlier level ≥ initial level; full principal if decline ≤ 40%; losses (including total loss) if decline > 40%. The index applies leverage (up to 500%), a 6.0% per‑annum daily decrement, and caps on daily leverage change.

GS Finance Corp. offers contingent quarterly-coupon, auto-callable notes linked to Amazon.com, Inc. (AMZN) with an aggregate face amount of $5,827,000, subject to the automatic call feature. The notes pay quarterly contingent coupons only if the underlier closes at or above 65% of the initial level on coupon observation dates and will be automatically called if the underlier closes at or above the initial underlier level on any call observation date.

If not called, the cash settlement at maturity depends on the underlier return versus the initial underlier level of $227.01; if the final level is below 65% of the initial level the investor may lose up to the full principal. Original issue price is 100% of face amount, underwriting discount 1.5%, net proceeds to issuer 98.5%. Stated maturity is December 30, 2027 (determination date December 27, 2027).

GS Finance Corp. is offering $365,000 aggregate of Absolute Return Trigger S&P 500® Index-Linked Notes due July 3, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and returns at maturity either (a) $1,050 if a barrier event occurs or (b) $1,000 plus $1,000 times the absolute underlier return if no barrier event occurs, subject to a floor of $1,000 and a cap of $1,170. The trade date is June 25, 2026, the initial underlier level is 7,357.49, the determination date is June 26, 2028, and the stated maturity is July 3, 2028. A barrier event is triggered if the final index level is above 117% or below 83% of the initial level. The estimated value on the trade date was approximately $969 per $1,000 face amount; original issue price equals face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a trade date of June 25, 2026 and a stated maturity of July 2, 2031. The initial underlier level is 481.65. The notes may be automatically called on scheduled call observation dates beginning in June 2027 if the index closing level is >= the initial level; call premiums range from 24% to 118% on specified dates. If not called, maturity payoffs depend on the index performance: upside is capped at a $2,200 maximum settlement per $1,000 face amount; a decline of more than 50% from the initial underlier level results in a proportional loss and the investor could lose their entire investment. The notes embed significant leverage exposure (up to 500%), a daily 6.0% per annum decrement, and multiple signal-based rules for adjusting exposure. The estimated value at pricing was approximately $917 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent‑coupon notes linked to four stocks with automatic call and a July 2, 2031 maturity. Coupons are monthly: the maximum is $10.459 per $1,000 (1.0459% monthly; ~12.55% per annum) if each index stock’s closing price on an observation date is ≥77.5% of its initial price. The minimum coupon is $0.209 per $1,000 (0.0209% monthly; ~0.25% per annum) otherwise. Initial index stock prices are provided for AMD, UnitedHealth, Tesla and NVIDIA. Notes may be automatically called if each index stock’s closing price on a call observation date is ≥ its initial price; holders would then receive face amount plus coupon. Trade date is June 25, 2026; original issue date is June 30, 2026. The estimated value at pricing was approximately $949 per $1,000 face amount. The offering bears issuer and guarantor credit risk and limited anti‑dilution protections; GS&Co. is the calculation agent with discretionary adjustments.

GS Finance Corp. offers leveraged, callable S&P 500® Futures Excess Return Index-linked notes due June 30, 2032, guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $1,790,000 on the original issue date and an original issue price of 100% of face amount.

The notes pay no interest, participate at a 140% upside participation rate in positive index returns measured from the trade date (June 25, 2026) to the determination date (June 23, 2032), and will repay only face amount if the underlier return is zero or negative. The issuer may redeem the notes on scheduled call payment dates at specified capped call premium amounts.

GS Finance Corp. priced Buffered Digital iShares® Semiconductor ETF-Linked Notes due October 30, 2028 with an aggregate original face amount of $3,726,000. The notes pay no interest and return at maturity is linked to the iShares Semiconductor ETF (initial level $625.20 on the trade date). If the final ETF level on the determination date is >= 70% of the initial level, holders receive the capped settlement amount of $1,362 per $1,000 face amount. If the final ETF level declines by more than 30%, the payment declines below principal according to the stated buffer formula; purchasers face possible significant loss of principal. Trade date: June 25, 2026; original issue date: June 30, 2026; determination date: October 25, 2028 (maturity October 30, 2028). The estimated value on the trade date was approximately $973 per $1,000, original issue price 100%, underwriting discount 1% (net proceeds 99%).

GS Finance Corp. is offering Callable Buffered S&P 500® Futures Excess Return Index‑Linked Notes due June 30, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,518,000 (original issue price 100%) and are linked to the S&P 500® Futures Excess Return Index measured from the trade date June 25, 2026 to the determination date June 23, 2031. The notes do not pay interest. At maturity each $1,000 face amount pays an amount that depends on the final underlier level versus the initial level of 590.78: a multiplied upside (180%) if up, an absolute return if down but ≥80% of initial, and a loss formula if below 80% (buffer amount 20%). The issuer may redeem on specified call payment dates beginning June 30, 2027; call premiums are listed for each date. The estimated value on the trade date was approximately $934 per $1,000 face amount. The notes are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, index-linked notes with an aggregate face amount of $64,692,000. The notes pay at maturity based on the Goldman Sachs Momentum Builder® Focus ER Index and may be automatically called annually if the index meets rising call levels. The notes do not pay interest, have an upside participation rate of 100%, an estimated trade-date value of $897 per $1,000 face, and an original issue price equal to 100% of face amount less a 4.625% underwriting discount. The index applies a 0.65% per annum deduction and volatility and momentum controls that may allocate substantial exposure to cash positions. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes; the issuer’s computed comparable yield is 5.05% per annum with a projected payment of $1,425 on a $1,000 note for tax-accrual purposes.

GS Finance Corp. is offering Fixed Coupon Buffered S&P 500® Volatility Plus Daily Risk Control Index‑Linked Notes due July 2, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed quarterly coupon of $15 per $1,000 (1.5% quarterly, up to 6% per annum) beginning September 2026. The principal payable at maturity depends on the S&P 500® Volatility Plus Daily Risk Control Index performance from the trade date (June 25, 2026) to the determination date (June 25, 2029): if the final index level is ≥85% of the initial level (initial level = 7,174.50), investors receive the face amount; if below 85%, the cash settlement decreases according to the stated buffer formula and can result in substantial loss. The notes have an estimated value of approximately $957 per $1,000 face amount on the trade date; original issue price is 100% of face and underwriting discount is 3%. The aggregate initial face amount is $1,675,000. Payments are subject to issuer and guarantor credit risk, tax uncertainties, and limited liquidity.

GS Finance Corp. is offering $2,448,000 of principal-protected, callable indexed notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest, participate 100% in positive index returns and will be automatically called on annual call dates if the index closes at or above the initial index level. The reference is the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5) with an initial index level of 113.60. Trade date is June 25, 2026, original issue date June 30, 2026, and stated maturity is July 5, 2033. GS&Co. estimated the notes’ value on the trade date at $897 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.38%.

The cash settlement at maturity (if not called) pays $1,000 plus upside participation when the final index level exceeds the initial index level; otherwise investors receive the face amount. Call premium schedule runs from July 2, 2027 (7.00%) up to July 2, 2032 (42.00%).

GS Finance Corp. priced principal-protected indexed notes (offered notes) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $2,071,000. Each note has a $1,000 face amount, a 100% upside participation rate, trade date June 25, 2026, original issue date June 30, 2026, and stated maturity date June 30, 2033. The notes are automatically called on annual observation dates if the index closing level meets or exceeds rising call levels (first call level 100.75% on June 25, 2027). If not called, maturity payoff pays $1,000 plus an indexed upside subject to the upside participation rate or only the $1,000 face amount if the index return is zero or negative. The notes do not pay interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly coupon notes linked to the Nasdaq-100, Russell 2000 and S&P 500. Each $1,000 note may pay a monthly coupon of $10.417 if all underliers meet 70% trigger levels on observation dates. At maturity the cash payment per $1,000 depends solely on the lesser performing underlier; if that underlier is below 70% of its initial level the investor can suffer principal loss (including total loss).

The issuer may redeem the notes on coupon payment dates commencing in September 2026 through April 2028. The offering aggregate face amount is $3,071,000; original issue price equals 100% of face amount.

GS Finance Corp. offers index‑linked notes due July 29, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $670,000) pay no interest and settle in cash at maturity based on the lesser performing of the Russell 2000® and the S&P 500® measured from the trade date June 25, 2026 to the determination date July 26, 2027. The payoff rules include a 10% buffer, a cap at $1,180 per $1,000, and specified outcomes if final levels are below 90% of initial levels. Original issue price is 100% of face amount with an underwriting discount of 2.225%. The estimated value on the trade date is approximately $972 per $1,000. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers principal-at-risk, autocallable notes linked to the Russell 2000, EURO STOXX 50 and the State Street Utilities Select Sector SPDR ETF (XLU). The notes have an aggregate face amount of $5,252,000, an original issue price equal to 100% of face amount and an underwriting discount of 4.125%. The notes pay no interest, may be automatically called on quarterly observation dates if each underlier closes at or above its initial level, and mature on July 2, 2031 with a determination date of June 25, 2031. If not called, the cash settlement at maturity depends solely on the performance of the lesser performing underlier, with a trigger buffer level of 70% and a maturity date premium amount of 80%. Investors may lose their entire investment if the lesser performing underlier falls below its trigger buffer; payments are cash-settled and capped per the stated premium schedule. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and valued initially below the original issue price per GS&Co.’s pricing models.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based on the S&P 500® Index performance from the trade date to the determination date, subject to a 20% buffer (buffer level 80% of initial) and a maximum upside settlement amount of at least $1,190 per $1,000 face amount. Trade date and determination date are July 31, 2026 and July 31, 2028, respectively; stated maturity is August 3, 2028. If the final index level is down but within the 20% buffer, the notes pay the absolute value of the index decline as a positive return; if the final level is below the buffer, losses are 1% per 1% decline beyond the buffer and investors can lose a substantial portion of principal.

GS Finance Corp. is offering $11,668,000 of callable, index-linked notes due June 30, 2033, fully guaranteed by The Goldman Sachs Group, Inc. The cash settlement at maturity (if not automatically called) depends on the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). The notes pay no periodic interest, have a 100% upside participation rate, and are subject to an automatic call if the index closing level on any call observation date is at or above a call level of 101.25%. If called, holders receive $1,000 plus a call premium (10%–60% depending on the call date). If not called, holders receive $1,000 if the index return is zero or negative; otherwise they receive $1,000 plus participation in positive index performance subject to index deductions, volatility and momentum controls, and a 0.65% per annum deduction applied in the index methodology. The offering price equals face amount less a 4.375% underwriting discount, and GS&Co.’s estimated value on the trade date was $899 per $1,000 face amount.

GS Finance Corp. is offering structured, callable notes linked to four large-cap stocks (NVIDIA, Meta Platforms, Broadcom and Alphabet) that mature on June 30, 2031. Each $1,000 note pays a monthly coupon of $8.00 if on the related coupon observation date every index stock is at least 75% of its initial price; notes are automatically called if on any call observation date every index stock is at least 95% of its initial price. Trade date is June 25, 2026; original issue date June 30, 2026. Estimated value on the trade date was approximately $956 per $1,000 face amount. The offering is subject to issuer and guarantor credit risk, discretionary determinations and anti-dilution adjustment mechanics by Goldman Sachs & Co. LLC, the calculation agent.

GS Finance Corp. is offering structured, principal-at-risk notes tied to the MSCI EAFE Index that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the index performance from the trade date to the determination date.

Key terms include an upside participation rate of 106.3%, a buffer level of 80% (buffer amount 20%), an aggregate face amount of $1,563,000, a trade date of June 25, 2026 and a stated maturity on June 28, 2029. If the final underlier level falls below the buffer level, holders suffer a pro rata loss of principal; if it rises, holders receive the face amount plus the upside participation applied to the underlier return.

GS Finance Corp. priced $1,330,000 of Jump Securities with an auto-callable feature due June 29, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the worst-performing of Marvell, Micron and Intel and are principal at risk.

Each $1,000 security may be automatically called on specified observation dates for a cash payment including a call premium; if not called, maturity pay depends on the worst-performing stock versus a 50.00% downside threshold. Estimated model value at pricing was approximately $945 per security; original issue price was 100% of principal.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Amazon.com, Inc., Microsoft Corporation and NVIDIA Corporation and are trade dated July 2, 2026 with an original issue date of July 8, 2026.

The notes pay a contingent monthly coupon of $8 per $1,000 face amount when each underlier is at or above its coupon trigger level (82.3% of initial underlier level) on a coupon observation date. The notes are automatically called on a call payment date if each underlier is at or above its initial underlier level on the related call observation date. The pricing supplement states an estimated value on the trade date of $885 to $925 per $1,000 face amount and identifies the CUSIP 40054XEN4.

GS Finance Corp. launches structured notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index with a stated maturity of June 30, 2031. The notes pay a monthly coupon only if the index on an observation date is at least 85% of the initial index level 985.22 and will be automatically called if the index on any call observation date is greater than or equal to 985.22. At maturity, if the final index return is below -15% (final level below 85% of initial), principal is reduced linearly by the index shortfall; if the final level is at or above the buffer level, holders receive the face amount plus any final coupon. The pricing supplement shows an original issue price of 100%, an underwriting discount of 3.75%, aggregate face amount of $1,509,000, and an estimated model value of approximately $934 per $1,000 face amount on the trade date. These notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and market risks described in the supplement.

GS Finance Corp. offers callable S&P 500® Index-linked notes due June 30, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, aggregate initial face amount of $3,925,000, trade date June 25, 2026 and original issue date June 30, 2026. They pay no interest and repay at maturity either (i) $1,000 plus $1,000 × index return × 100% if the S&P 500 final level on the determination date exceeds the initial level of 7,357.49, or (ii) $1,000 if the index return is zero or negative. The issuer may redeem the notes on listed call payment dates beginning June 30, 2027 at 100% of face plus a specified call premium (call premiums are listed in the supplement). The estimated value on the trade date was approximately $948 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.125% (net proceeds 95.875%). The calculation agent is Goldman Sachs & Co. LLC and the notes are subject to the credit risk of GS Finance Corp. and the guarantor. Tax treatment: treated as contingent payment debt instruments with a comparable yield of 4.965% per annum.

GS Finance Corp. priced two separate tranches of Buffered Index-Linked Notes (one linked to the S&P 500®, one to the Russell 2000®) guaranteed by The Goldman Sachs Group, Inc. Each note has a 100% participation rate, an 85% buffer level (15% buffer amount) and a capped maximum settlement amount set on the trade date. The trade date is expected to be July 28, 2026, original issue date July 31, 2026 and stated maturity July 31, 2031. The S&P-linked tranche has a maximum settlement amount of at least $1,652.5 per $1,000 face amount and the Russell-linked tranche at least $2,000 per $1,000 face amount. Estimated per-$1,000 values at pricing date are shown as $885 to $935. Notes do not bear interest and are subject to issuer and guarantor credit risk and caps/buffers that limit upside and may result in substantial principal losses.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering two separate buffered, index-linked notes tied to the EURO STOXX 50® and the S&P 500® Futures Excess Return Index. Each tranche will have a trade date expected on July 28, 2026 and a stated maturity expected on July 31, 2031. For each $1,000 face amount the payment at maturity depends on the final index level on the determination date: positive participation above the initial level, return of $1,000 if the final level is between the buffer and the initial level, or a reduced cash payment if the final level is below the buffer.

Key structural terms set on the trade date include an upside participation rate of at least 146% for the EURO STOXX 50® tranche and at least 174% for the S&P 500® Futures Excess Return tranche, buffer levels of 75% and 80% of initial level respectively, and estimated secondary-market values of approximately $885 to $935 per $1,000 face amount at pricing (model-derived). The notes are unsecured obligations, bear no interest, are subject to issuer/guarantor credit risk, and contain market-disruption, successor-underlier and tax risk provisions described in the supplement.