Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering autocallable notes linked to the VanEck Gold Miners ETF (ticker GDX) with a stated maturity of July 20, 2028 and an automatic call feature on a call observation date of July 28, 2027. For each $1,000 face amount, the call payment would be at least $1,251 if the underlier closes at or above the initial level on the call observation date. If not called, the cash settlement at maturity depends on the underlier return, a 125% upside participation rate, and a 25% buffer; downside outcomes can result in substantial losses, including loss of most or all principal. The notes are unsecured senior debt of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., carry no interest, and are subject to the issuer and guarantor credit risk.

GS Finance Corp. offers Autocallable Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc., with payoff tied to the lesser-performing underlier of the Nasdaq-100 and the S&P 500. The notes carry a 200% upside participation rate, an 80% trigger buffer and no periodic interest. If, on the call observation date, each underlier is at or above its initial level, the notes will be automatically called and pay at least $1,160 per $1,000 face amount on the call payment date. If not called, the maturity payment depends solely on the lesser-performing underlier: investors receive $1,000 plus upside if that underlier is above its initial level, $1,000 if it is at or above the 80% trigger buffer but not above the initial level, or a pro rata loss tied to the lesser-performing underlier return if it is below the 80% trigger buffer. The notes are cash-settled, not listed, not FDIC-insured, and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes (series F) guaranteed by The Goldman Sachs Group, Inc., linked to the lowest performing of the S&P 500®, Russell 2000® and Nasdaq-100®. Pricing date is June 30, 2026 with original issue date July 6, 2026 and stated maturity July 6, 2029. Each $1,000 face security may pay a quarterly contingent coupon (at least $28.375, equivalent to 11.35% pa) if the lowest performing underlier on a calculation day is ≥75% of its starting level. Securities are automatically called if the lowest performing underlier on a call date is ≥ its starting level. If not called, principal at maturity depends on the lowest performing underlier; an ending level below 75% of its starting level can produce losses exceeding 25% and may result in total loss. Estimated value at pricing is $925–$955 per $1,000. All payments are subject to issuer/guarantor credit risk.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the S&P 500’s performance from the trade date to the determination date, with a 200% upside participation rate, a 15% buffer (buffer level = 85%) and a maximum settlement amount of at least $1,250 per $1,000 face amount. Key dates shown include a trade date of July 30, 2026, original issue date August 4, 2026, determination date April 30, 2029 and stated maturity date May 3, 2029. The notes pay no interest and are subject to issuer and guarantor credit risk, limited upside due to the cap, and potential principal loss if the final underlier level falls below the buffer.

GS Finance Corp. offers leveraged, buffered S&P 500® Index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the arithmetic average of the S&P 500 closing levels on ten averaging dates in July 2027.

The notes provide 150% upside participation subject to a maximum settlement amount of $1,131 per $1,000 face amount, a 10% buffer (buffer level = 90% of the initial underlier level) and a buffer rate of 100%. The initial underlier level is 7,358.22 (closing level on June 24, 2026). Trade date is June 29, 2026, original issue date is July 2, 2026 and the stated maturity date is August 2, 2027.

The notes are senior unsecured obligations issued under GS Finance Corp.'s medium-term notes program, carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and are payable in cash at maturity according to the described payoff scenarios.

GS Finance Corp. offers callable contingent coupon index-linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay a monthly coupon of $7.25 per $1,000 (0.725% monthly, up to 8.7% per annum) only if the S&P 500, Dow Jones Industrial Average and Russell 2000 each close at or above 70% of their initial levels on a coupon observation date.

Notes mature expected July 6, 2028, are callable by the issuer on specified coupon payment dates beginning December 2026, and at maturity the cash settlement depends on the lesser-performing index versus buffer levels (buffer = 85%, trigger = 70%). Estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged, buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are cash-settled per $1,000 face amount and pay no interest; returns depend on the S&P 500 closing level from the trade date to the determination date.

Key terms shown: 200% upside participation, a 10% buffer (buffer level = 90% of initial level), and a capped payout at a maximum settlement amount of at least $1,230 per $1,000 face. 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 the original issue price exceeds the model-estimated value and highlights credit risk of the issuer and guarantor, uncertain tax treatment, limited secondary-market liquidity, and potential for substantial principal loss if the final underlier level declines below the buffer.

GS Finance Corp. is offering Digital S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the cash payment at maturity depends on the S&P 500® Index performance from the trade date to the determination date. If the final underlier level is at least 80% of the initial level (the trigger buffer), holders receive a capped maximum settlement amount of at least 115.75% of face value. If the final level is below the trigger buffer, holders lose 1% of face amount for each 1% decline below the initial level and could lose their entire investment. Trade date and pricing terms will be set on the trade date; the determination date is July 31, 2028 and stated maturity is August 3, 2028.

GS Finance Corp. is offering structured notes linked to the common stock of Synopsys, Inc. that pay a quarterly coupon of $42 per $1,000 face amount (a 4.2% quarterly coupon, or up to 16.8% per annum) only if the index stock closes at or above 60% of the initial index stock price on a coupon observation date. The notes are expected to trade on June 30, 2026, have an expected original issue date of July 6, 2026, and a stated maturity expected to be July 6, 2029, with the determination date expected to be July 2, 2029. The notes are automatically called if the index stock closes on a call observation date at or above the initial index stock price; if called, holders receive face amount plus the coupon then due. If not called, maturity pay‑out depends on the index stock return: if the final index stock price is below the trigger buffer price (defined as 60% of the initial index stock price), holders will receive less than 60% of face amount and no coupon; if the final index stock price is at or above the trigger buffer price, holders receive $1,000 plus any final coupon. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Original issue price is 100% of face amount; underwriting discount is 2%; net proceeds to issuer are 98%.

GS Finance Corp. is offering $1,000-face autocallable contingent coupon index-linked notes due July 15, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $25.375 per $1,000 (2.5375% quarterly, up to 10.15% per annum) only if each underlier equals or exceeds 75% of its initial level on the coupon observation date. The notes are 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 the coupon then due. If not called, the cash payment at maturity is based solely on the performance of the lesser performing underlier; a final level below 75% can produce substantial principal loss, including the potential loss of the entire invested amount.

GS Finance Corp. is offering callable Nasdaq-100 Index®-linked notes due, expected to mature on August 4, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a face amount of $1,000 per note and participate at an upside participation rate of 100% in positive index performance measured from the trade date (expected July 30, 2026) to the determination date (expected July 21, 2031).

The issuer may redeem the notes on monthly call payment dates beginning in August 2027 at 100% of face amount plus a call premium set on the trade date (examples start at at least 9.5004% for August 4, 2027, rising over time). If not redeemed, at maturity each $1,000 face amount pays $1,000 if the index return is zero or negative, or $1,000 plus $1,000 times the index return if the final index level exceeds the initial index level. The pricing supplement states an estimated value on the trade date between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering Digital EURO STOXX® Banks Index‑Linked Notes due 2026, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and does not pay interest. The cash payment at maturity is tied to the EURO STOXX® Banks Index level on a single determination date expected 23–26 months after the trade date. If the final index level is ≥ 80% of the initial level, holders receive a capped threshold/maximum settlement amount expected between $1,215.7 and $1,253.1 per $1,000 face amount. If the final level is below 80%, investors suffer losses: the payment equals $1,000 plus $1,000×125%×(index return + 20%), which can result in a substantial or total loss of principal. The notes’ estimated value at pricing is between $945 and $975 per $1,000 face amount. Payment is subject to the issuer’s and guarantor’s credit risk and various index, market disruption, currency, concentration, and tax risks.

GS Finance Corp. offers callable, non‑interest bearing medium‑term notes linked to the capital stock of International Business Machines Corporation ("IBM"). The notes have an expected trade date of July 10, 2026, an expected original issue date of July 15, 2026 and an expected stated maturity date of July 13, 2029. They are automatically called if the closing price of IBM on any call observation date is greater than or equal to 75% of the initial index stock price, producing a cash payment equal to the $1,000 face amount plus the applicable call premium. If not called, the maturity payoff is based on the index stock return; the maximum settlement amount at maturity is $1,450 per $1,000 face amount and the maturity date premium amount is 45%. If the final index stock price is below 75% of the initial index stock price, the cash settlement at maturity declines pro rata and could result in a complete loss of principal. The estimated value at term-setting is expected to be between $925 and $965 per $1,000 face amount. GS&Co. will serve as calculation agent and may act as market‑maker; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Market Linked Securities—auto-callable, contingent-coupon notes linked to Applied Optoelectronics, Inc. with a stated maturity of July 6, 2029. Each $1,000 face amount will have a contingent coupon (set on pricing) of at least $108.125 (equivalent to 43.25% per annum) and an original offering price of $1,000. Coupons pay quarterly only if the underlying stock on a calculation day is >= the coupon threshold (50% of the starting price); missed coupons can be paid later if a subsequent calculation day meets the coupon threshold. The notes will be automatically called on a call date if the underlying stock on that date is >= the call threshold (90% of the starting price), in which case holders receive face amount plus final and any unpaid coupons. If not called, principal at maturity depends on the final stock price: if the ending price is < the downside threshold (40% of the starting price), holders will suffer losses 60% or complete loss). The issuer estimates the securities' model value at pricing between $880 and $910 per $1,000 face amount; underwriting discount is up to $23.25 per $1,000. All payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $1,000-face-format Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, feature an 110% upside participation rate and an automatic call that, if triggered, pays $1,100 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the S&P 500 closing level on the determination date; negative or zero underlier returns deliver only the face amount. Trade date is July 30, 2026, original issue date is August 4, 2026, stated maturity is August 6, 2029, and the call observation date is July 31, 2028.

The notes are subject to issuer and guarantor credit risk, valuation and secondary-market liquidity risk, complex U.S. federal tax treatment as contingent payment debt instruments, and potential withholding under certain non-U.S. rules. Pricing shows the original issue price exceeds model-estimated value; market-making by GS&Co. is discretionary.

GS Finance Corp. is offering Digital S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. At maturity the cash payment depends on the S&P 500 performance: if the final level is ≥85% of the initial level you receive a capped maximum settlement amount (at least $1,197.50 per $1,000 face amount); if the final level is below 85% you lose 1% of face for each 1% decline and could lose your entire investment.

Key dates 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. Notes are subject to issuer and guarantor credit risk, limited upside due to the cap, pricing that exceeds estimated model value at issuance, uncertain tax treatment, and potentially limited liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to an unequally weighted 43‑stock basket. The notes have a $1,000 face amount per note, trade date June 23, 2026, original issue date June 26, 2026 and a stated maturity of June 29, 2027 (determination date initially June 24, 2027).

Payments at maturity depend solely on the basket return from the initial level of 100 to the final basket level: positive returns participate at 150% up to a capped settlement of $1,130 per $1,000; declines up to 10% return the face amount; declines beyond 10% expose holders to losses pro rata below principal. The estimated value at pricing was approximately $988 per $1,000 face amount.

GS Finance Corp. offers autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay no interest. They may be automatically called on quarterly observation dates; if not called, final cash payment at maturity depends solely on the performance of the lesser performing underlier.

The notes use a trigger buffer level equal to 70% of each underlier's initial level; the maturity date premium amount is 51.15%. The product is credit-sensitive to GS Finance Corp. and Goldman Sachs and may result in the loss of all principal if the lesser performing underlier falls below its trigger buffer.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and returns at maturity depend on the S&P 500 performance from the trade date to the determination date, subject to a 15% buffer (buffer level 85%) and a capped maximum settlement amount of $1,195. The trade date is July 10, 2026, original issue date July 15, 2026, determination date January 10, 2028 and stated maturity January 13, 2028. The notes pay no interest, are cash-settled, are not bank deposits or FDIC-insured, and are subject to issuer and guarantor credit risk. The pricing supplement and listed supplements govern final terms.

GS Finance Corp. offers callable S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes are non‑interest bearing, trade date expected July 6, 2026, original issue date expected July 9, 2026, and stated maturity expected July 10, 2031. At maturity the cash payment per $1,000 face amount depends on S&P 500 performance: 200% upside participation if the final level exceeds the initial level; full return of principal if the final level is ≥75% of the initial level; and a downside formula using a buffer rate of approximately 133.33% and a 25% buffer amount if the final level is below 75% of the initial level. The issuer may redeem the notes on scheduled monthly call payment dates from July 2027 through July 2028 at specified capped call premium amounts. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Investors bear credit risk of the issuer and guarantor and could lose their entire investment.

GS Finance Corp. is offering leveraged, buffered, basket-linked notes due April 27, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note returns 1.5× the basket return (S&P 500 50%, MSCI EAFE 30%, MSCI Emerging Markets 20%) subject to a cap and a 15% downside buffer. If the final basket level exceeds the initial level, holders receive $1,000 plus 150% of the basket return up to a maximum settlement of $1,244 per $1,000. If the final basket level falls by 15% or less, holders receive the $1,000 face amount; if it falls by more than 15%, holders suffer a pro rata loss equal to the basket return plus 15%, potentially losing a substantial portion of principal. The notes pay no interest, carry issuer and guarantor credit risk, an estimated value of approximately $988 per $1,000 on the trade date, and are subject to market‑disruption, index‑modification and U.S. tax uncertainties.

The issuer provides an index supplement describing the Dow Jones Industrial Average Futures Excess Return Index (Bloomberg: DJIAFP) and its construction, historical performance and risks. The supplement lists annualized returns and volatilities through June 1, 2026, index history back to June 14, 2002, and launch date April 8, 2015.

The document explains the index tracks the nearest maturing quarterly E-mini Dow ($5) futures contract, notes sources (Bloomberg, S&P Dow Jones Indices LLC) and highlights selected risk factors including negative roll yield, credit risk of the issuer/guarantor, absence of dividend capture and that past performance is not indicative of future results.

GS Finance Corp. is offering medium-term contingent monthly coupon notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $493,000. The notes pay a monthly contingent coupon of $12.042 per $1,000 if each referenced stock closes at or above 75% of its initial level on a coupon observation date. The notes are subject to an automatic call on any call observation date if each underlier closes at or above its initial underlier level; a called note pays $1,000 plus any coupon then due. Trade date is June 23, 2026 and stated maturity is June 26, 2031. Initial underlier levels are $519.85 (AMD), $132.28 (Intel) and $200.04 (NVIDIA). GS&Co. estimated the notes' value on the trade date at $946 per $1,000 and included an additional amount of $17.75 that declines to zero on September 22, 2026. Investors remain exposed to issuer/guarantor credit risk and to the market performance and volatility of the underliers.

GS Finance Corp. priced a structured, autocallable note linked to three State Street sector ETFs with a stated maturity of June 27, 2030. The notes pay no interest, may be automatically called beginning on June 23, 2027 if all three ETFs are at or above their initial levels, and have a capped maturity upside.

If not called, the cash payoff at maturity is based on the performance of the lesser performing ETF: at or above 70% of initial level the holder receives $1,440 per $1,000 face amount (reflecting a 44% maturity premium); below 70% the payoff declines pro rata with the lesser performing ETF and can result in a total loss of principal.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due January 4, 2028, linked to the Class A common stock of Meta Platforms, Inc. ("META"). The notes pay contingent quarterly coupons of up to $28.50 per $1,000 face amount per observation when the underlier is at or above a 60% coupon trigger level, and will be automatically called if the underlier is at or above the initial level on a call observation date. If not called, principal at maturity is cash-settled: holders receive $1,000 if the final underlier level is at or above the 60% trigger buffer level; otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, meaning investors may lose up to 100% of their investment if the final level falls to zero. Trade date: June 30, 2026; original issue date: July 6, 2026. Underwriting discount: 1.5%; original issue price: 100% of face.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the S&P 500® Index. The aggregate face amount shown is $1,500,000 with a $1,000 face amount per note. The notes pay no interest; at maturity you will receive either the face amount or, if the final index level is above the initial level, $1,000 + ($1,000 × underlier return) subject to a maximum settlement amount of $1,258. Trade date is June 23, 2026, original issue date June 26, 2026, determination date June 25, 2029 and stated maturity date June 28, 2029 (subject to adjustment). The pricing shows an underwriting discount of 0.45% and net proceeds of 99.55% of face amount. For U.S. federal income tax purposes GS has computed a comparable yield of 4.78% per annum and a projected payment at maturity of $1,154.95. Investors remain exposed to the credit risk of the issuer and guarantor and to limited upside because of the capped settlement amount.

The pricing supplement describes Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Amazon.com, Inc.. Each security has a $1,000 principal amount, an expected maturity of July 6, 2029, an expected pricing date of July 2, 2026 and an expected original issue date of July 8, 2026. Coupons are contingent and paid quarterly only if the underlying closing price on a coupon observation date is >= the downside threshold (60.00% of the initial share price). Securities are automatically called if the closing price on any call observation date is >= the initial share price, in which case investors receive principal plus the contingent coupon then due. If the final share price on the determination date is below the downside threshold, payment at maturity equals $1,000 × (final share price/initial share price), which can result in a significant loss, potentially down to zero. The estimated value at pricing is stated as $910 to $970 per security and the underwriting discount is 2.25%. The offering involves issuer and guarantor credit risk and specific tax and withholding considerations.

GS Finance Corp. is offering autocallable S&P 500® Index‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes have a 125% upside participation rate, a 15% buffer (buffer level 85%), and an automatic call feature that pays $1,111.50 per $1,000 if called on the call payment date. Key dates include trade date June 26, 2026, original issue date July 1, 2026, call observation date July 6, 2027, call payment date July 9, 2027, determination date June 26, 2029, and stated maturity date June 29, 2029. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering callable, non‑interest bearing market‑linked notes tied to an equally weighted basket of seven stocks.

The notes have an expected trade date of July 1, 2026, an expected original issue date of July 7, 2026, an expected call observation date of July 8, 2027 and an expected stated maturity date of July 7, 2031. The coupon is zero; payment depends on the basket's closing level on the call observation date or the determination date. The notes feature an upside participation rate of 125%, an initial basket level of 100 and a trigger buffer level of 60% (i.e., 60 of the initial basket level).

The notes are automatically called and pay $1,150 per $1,000 face amount if the basket closing level on the call observation date is greater than or equal to the initial basket level. If not called, maturity payments vary: positive basket returns receive 1.25× participation; modest declines up to ‑40% produce a positive absolute return, while declines beyond ‑40% produce proportional losses (potentially substantially below face amount). The estimated value on the trade date is expected to be between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering Market Linked Notes due July 15, 2031 linked to the lowest performing share of Amazon, NVIDIA, Alphabet Class A and Broadcom. The notes pay a monthly variable coupon (either a higher coupon of at least $8.542 per $1,000 or a lower coupon of $0.209 per $1,000) determined by the lowest performing underlying stock on each calculation day and are auto-callable monthly beginning July 2027. If not called, principal of $1,000 per note is payable at maturity. The pricing date is July 10, 2026 and original issue date is July 15, 2026. The original offering price is $1,000 and the estimated value at pricing is between $885 and $915 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the Russell 2000 Index with an aggregate face amount of $2,000,000. Each $1,000 note pays no interest and returns at maturity either:(1) $1,000 plus the underlier return up to a maximum settlement amount of $1,162 if the final index level is above the initial level; (2) the $1,000 face amount if the final index level is down but no lower than the buffer level of 80% of the initial level; or (3) a reduced cash payment if the final index level is below the buffer, producing losses that scale 1% for each 1% decline beyond the buffer. The notes set the initial underlier level at 3,004.404 (as of June 22, 2026), trade date is June 23, 2026, original issue date is June 26, 2026, determination date is September 23, 2027, and stated maturity is September 28, 2027. The notes are offered at 100% of face amount with a 1.25% underwriting discount (net to issuer 98.75%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, principal-at-risk notes linked to the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000. The offering totals $3,852,000 aggregate face amount with a 250% upside participation rate and a 70% trigger buffer. Notes pay no interest, may be automatically called on June 23, 2027 for $1,175 per $1,000 if all underliers are at or above initial levels, and otherwise settle in cash at maturity on July 2, 2029 based solely on the performance of the lesser performing underlier. The notes were priced at 100% of face with a 1% underwriting discount and 99% net proceeds. The prospectus highlights credit risk of the issuer/guarantor, limited liquidity, possible total loss if the lesser performing underlier falls below the trigger buffer, and uncertain U.S. federal tax treatment.

The issuer, GS Finance Corp., is offering indexed, non‑interest bearing notes due June 28, 2028 linked to an equally weighted basket of 10 common stocks. Payment at maturity depends on the basket return measured from the June 23, 2026 trade date to the June 23, 2028 determination date, subject to a 15% buffer, an upside cap at 133.75% of the initial basket level and a maximum cash settlement of $1,337.50 per $1,000 face amount. The notes return the face amount if the final basket level declines by up to 15%; for declines beyond 15% holders incur losses linked to the basket return. The estimated value on the trade date was approximately $940 per $1,000 face amount, and the original issue price is 100% of face with an underwriting discount of 2.55%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Contingent Income Auto-Callable Securities due July 3, 2031. The securities pay a contingent quarterly coupon (set at pricing) only if each underlying index (S&P 500®, Russell 2000®, Dow Jones Industrial Average®) closes at or above an 80.00% coupon threshold on a coupon observation date and may be automatically called early if each index equals or exceeds its initial index value on a call observation date. At maturity, if not called, principal repayment depends on the worst performing index: full principal if every final index value is at or above the 60.00% downside threshold, or a reduced payment equal to $1,000 times the worst performing index performance factor if any index is below that downside threshold. Estimated initial secondary-market values are shown as $915 to $975.

GS Finance Corp. is offering 500,000 units of Fixed Coupon Barrier Notes due December 31, 2027, guaranteed by The Goldman Sachs Group, Inc.. Each unit has a $10 principal amount, pays a quarterly fixed coupon of $0.385 (15.40% per annum), and has an expected term of approximately 18 months.

At maturity you receive the final fixed coupon and either the $10 principal if the Ending Value of an equally weighted basket (Cameco Corp. and Freeport-McMoRan Inc.) is at or above the Threshold Value of 80.00, or 1-to-1 downside exposure to decreases from the Starting Value (100.00) if the Ending Value is below the Threshold (up to 100% principal loss). The estimated value on the pricing date was approximately $9.67 per $10 principal. Minimum initial purchase is $100,000.

GS Finance Corp. offers structured, autocallable, cash-settled notes linked to the DJIA, Nasdaq-100 and S&P 500. The notes have an aggregate face amount of $639,000, no periodic interest, a 100% upside participation rate and an automatic call feature that would pay $1,107 per $1,000 on the call payment date if each underlier is at or above its initial level on the call observation date. If not called, the maturity payoff depends solely on the lesser performing underlier. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk and complex U.S. tax rules.

The S&P 500® Futures Volatility Plus Daily Risk Control Index (Bloomberg: SPXFVPRE) provides leveraged exposure to the S&P 500® Futures Excess Return Index with dynamic volatility targeting and an exposure floor of 100% and cap of 200%. The index launched April 25, 2022, has a base date of February 4, 1998, and is rebalanced daily. Historical and hypothetical performance through June 1, 2026 are shown, including an index exposure of 185.02% on June 1, 2026. The supplement highlights volatility calculation mechanics, a two-day lag in leverage adjustment, and a detailed list of risk factors.

GS Finance Corp. is offering structured medium-term notes due June 30, 2031 whose cash payments depend on the closing prices of META, MSFT, NVDA and GOOGL. The notes pay a maximum monthly coupon of $7.50 per $1,000 face amount if each index stock closes at or above 80% of its initial price on an observation date; otherwise the notes pay a minimum monthly coupon of $0.209 per $1,000. The notes are automatically called if, on any call observation date (monthly observation dates beginning July 2026, calls measured June 2027–May 2031), the closing price of each index stock is greater than or equal to its initial index stock price. Trade date is June 23, 2026 and original issue date is June 26, 2026. The prospectus shows an aggregate original face amount of $6,801,000, an original issue price equal to 100% of face, an underwriting discount of 4%, net proceeds to issuer of 96% of face, and an estimated value of the notes at issuance of approximately $946 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; holders are exposed to issuer and guarantor credit risk and to calculation-agent discretion and anti-dilution rules.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2029, with terms set on the trade date. The trade date is June 26, 2026, original issue date July 1, 2026, stated maturity June 29, 2029, and a call observation date of July 6, 2027 with call payment on July 9, 2027.

The notes pay no interest. They feature an upside participation rate of 150%, a buffer level of 80% (buffer amount 20%) and a buffer rate of 100%. If automatically called on the call payment date, each $1,000 face amount would receive $1,096 in cash. At maturity, payments depend on the final S&P 500 closing level versus the initial underlier level set on June 25, 2026. The notes are senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk. The Calculation Agent is Goldman Sachs & Co. LLC.

GS Finance Corp. offers autocallable, contingent-yield notes guaranteed by The Goldman Sachs Group, Inc., linked to the lesser performing of the EURO STOXX 50® and the Nasdaq-100®. The notes pay quarterly contingent coupons only if both indices meet coupon barriers and may be automatically called beginning December 2026. At maturity on June 30, 2031, principal repayment is contingent: if each index is at or above a 70.00% downside threshold, holders receive the face amount plus any final contingent coupon; if the lesser performing index is below 70.00% of its initial level, settlement is reduced proportionally and investors could lose a substantial portion or all of their investment. Payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced structured, principal‑at‑risk notes linked to the Nasdaq‑100 Index and the S&P 500 Index with an aggregate face amount of $3,289,000. The notes pay no interest, mature on June 28, 2029, and may be automatically called monthly if each underlier is at or above its initial level on a call observation date.

Payments: call payments add a call premium (examples range from 10.8504% to 31.647% depending on call date). If not called, maturity payoff uses the lesser performing underlier: holders receive either $1,000, a capped upside of 32.5512% of face, or a reduced cash amount tied to the lesser performing underlier relative to an 85% buffer level (buffer amount 15%, buffer rate 100%). The notes are senior unsecured obligations of GS Finance Corp., unlisted and backed by a guarantee from The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-at-risk, S&P 500-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature on July 27, 2027 with final payment determined by the S&P 500 closing level on the July 23, 2027 determination date.

Per $1,000 face amount, upside is 150% participation in positive S&P 500 performance subject to a $1,119.25 maximum settlement. If the final index level is between 85% and 100% of the initial level you receive the face amount. If the final level is below 85%, losses apply using a buffer rate of approximately 117.65%, and you could lose your entire investment. The offering: aggregate face amount $1,300,000; original issue price 100%; underwriting discount 0.82%.

The offered notes are senior, cash-settled, medium-term notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. Payout at the stated maturity depends on the performance of the underlier, the common stock of Eli Lilly and Company (Bloomberg: LLY UN), measured from the trade date June 23, 2026 to the determination date June 23, 2028 with a stated maturity of June 28, 2028.

Key economics: upside participation is 150% subject to a maximum upside settlement of $1,432.50 per $1,000 face amount; a buffer of 20% (buffer level = 80% of initial level) means declines up to 20% produce a positive absolute return, while declines beyond the buffer cause proportional losses to principal. The notes do not bear interest. Original issue price is 100% of face and underwriting discount is 0.8% (net proceeds 99.2%).

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc., with cash settlement tied to the performance of Coinbase Global, Inc. (underlier). For each $1,000 face amount, maturity payment is either a capped $1,540 if the final underlier level is at least 60% of the initial level, or $1,000 plus the underlier return if the final underlier level is below that trigger buffer. The initial underlier level is $150.11 (closing level on June 24, 2026). The notes pay no interest, may result in a total loss of principal if the final underlier level declines substantially, and are subject to issuer and guarantor credit risk, limited secondary-market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with an initial underlier level of 7,358.22 (set June 24, 2026). The structure provides a 20% buffer (buffer level = 80% of initial), a maximum cash settlement of $1,215 per $1,000 face amount, no periodic interest, and cash settlement at maturity on June 29, 2028 (determination date June 26, 2028). If the final index level is down but within the buffer, holders receive the absolute decline as a positive return; if the final index level declines beyond the buffer, holders suffer proportional losses to principal. The notes are subject to the credit risk of GS Finance Corp. and its guarantor, and the offering price exceeds the estimated model value.

GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Amazon.com, Inc. and pay contingent quarterly coupons only when the underlier closes at or above 75% of the initial level on observation dates. The notes are automatically called if the underlier closes at or above the initial level on a call observation date. If not called, principal repayment at maturity is cash-settled: full face amount if the final underlier level is at or above the 75% trigger buffer, otherwise you bear the underlier return and may lose up to your entire investment. Trade date is July 1, 2026, original issue date July 7, 2026, and stated maturity is January 6, 2028.

GS Finance Corp. filed an index supplement dated June 24, 2026 that describes the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP) for use with Medium-Term Notes, Series F guaranteed by The Goldman Sachs Group, Inc. The supplement explains the index methodology, shows historical performance from January 4, 2021 through June 1, 2026, and provides annualized return and volatility figures for multiple horizons.

The supplement lists key risks tied to securities linked to the index, including credit risk of GS Finance Corp. and Goldman Sachs, negative roll yield effects on futures-based indices, absence of dividend capture, and market-disruption exposures. The supplement may be used in initial sales and by GS&Co. in market-making transactions.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $1,000 face‑amount buffered S&P 500® index‑linked notes due July 27, 2028. Payment at maturity depends on the S&P 500 performance measured to the determination date July 24, 2028. The notes provide a 20% buffer: if the final underlier level declines up to 20% from the initial level, investors receive a positive return equal to the absolute underlier decline; declines beyond the buffer cause a pro rata loss of principal. The notes pay no interest and have a capped upside per $1,000 face amount at $1,226.50. The pricing terms (issue price, underwriting discount, net proceeds) and the initial underlier level will be set on the trade date July 24, 2026. Investors remain exposed to the credit risk of the issuer and guarantor, limited secondary‑market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc., with payoff linked to the common stock of Broadcom Inc. (Bloomberg: AVGO UW). The initial underlier level is $382.07 (close on June 24, 2026), the trigger buffer level is 70% of that initial level, and the maximum settlement amount is $1,349 per $1,000 face amount. If the final underlier level on the determination date is at or above the trigger buffer level, holders receive the capped maximum settlement amount; if below the trigger buffer level, holders incur losses equal to the underlier return times the face amount and may lose their entire investment. The determination date is December 27, 2027 and the stated maturity date is December 30, 2027.

This pricing supplement is subject to completion and supplements the referenced prospectus materials; it notes that the original issue price exceeds the notes’ estimated value as of the trade date and that the notes do not bear interest. The notes are unsecured debt of GS Finance Corp., are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer’s and guarantor’s credit risk.