Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. provides an index supplement dated June 24, 2026 for the S&P 500® Volatility Plus Daily Risk Control Index, which will be used with the prospectus and registration statement No. 333-284538. The supplement describes the index mechanics, hypothetical historical performance (pre-launch), daily rebalancing, and risks for securities linked to the index.

The index targets a dynamic volatility equal to the realized volatility of the S&P 500® Index plus 10%, with exposure constrained between 100% and 200%. The index launch date is March 21, 2022 and historical series extends back to December 31, 1991.

GS Finance Corp. offers autocallable contingent coupon equity-linked notes due 2028 linked to NVIDIA Corporation ("NVDA"). Each $1,000 note pays contingent quarterly coupons if the underlier meets a 60% coupon trigger and is subject to automatic early redemption if NVDA closes at or above the initial level on any call observation date. At maturity, if not called, principal payment depends on the final underlier level versus a 60% trigger buffer: investors may receive $1,000 or an amount equal to $1,000 × the underlier return, exposing holders to potential loss of their entire investment. Trade date is June 30, 2026, original issue date is July 6, 2026, and stated maturity is January 4, 2028. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., with Goldman Sachs & Co. LLC acting as calculation agent.

GS Finance Corp. / The Goldman Sachs Group, Inc. priced a June 2026 preliminary pricing supplement for principal‑at‑risk, auto‑callable jump securities linked to the worst‑performing of Marvell Technology, Inc., Micron Technology, Inc., and Intel Corporation, with expected original issue date June 30, 2026 and stated maturity June 29, 2028.

The securities pay fixed call premiums if, on any call observation date, each underlying stock closes at or above its initial share price; otherwise they remain outstanding and may pay a capped maturity premium of at least 160.00% or return an amount tied 1:1 to the worst performing underlying (risking a loss of more than 50.00% or full principal). Estimated value at issuance is in the range $900 to $960 per $1,000 principal amount; underwriting discount is 2.50%.

GS Finance Corp. priced Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their maturity cash payment for each $1,000 face amount depends on S&P 500 performance from the trade date to the determination date. The notes provide a 10% buffer against underlier declines up to the buffer amount and convert declines beyond the buffer into pro rata losses; upside is capped at a maximum settlement of $1,227.50 per $1,000. Trade date is July 8, 2026, original issue date July 13, 2026, determination date July 10, 2028, and stated maturity July 13, 2028. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited secondary-market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. and Goldman Sachs & Co. LLC published an index supplement for the S&P 500Daily Risk Control 5% USD Excess Return Index dated June 24, 2026. The supplement describes the Excess Return index methodology, including that it measures the Risk Control index net of borrowing costs equal to SOFR + 0.02963% and that the Risk Control index seeks a 5% volatility target by dynamically adjusting exposure to the S&P 500 Total Return Index.

The supplement discloses historical annualized returns and volatilities through June 1, 2026, notes the discontinuation of overnight LIBOR on December 20, 2021, and lists selected risk factors including credit risk of GS Finance Corp. and Goldman Sachs Group, limits on dividend capture, potential mismatch with the Total Return Index, and that historical SOFR is not predictive of future SOFR levels.

Goldman Sachs published a June 2026 Nasdaq-100 Technology Sector Index Supplement dated June 24, 2026 describing the Nasdaq-100 Technology Sector Index (Bloomberg: NDXT). The supplement explains the index methodology (equal-weighted, price return), the base date February 22, 2006 and base value 1000.00, and provides historical performance through June 1, 2026.

The supplement lists annualized returns and volatilities for multiple horizons (for example, 1-year return 69.88% with volatility 23.64%, 3-year return 32.46% with volatility 26.40%), includes comparative data against the Nasdaq-100 Index and the S&P 500, and presents selected risk factors relevant to securities linked to the index, including credit risk of GS Finance Corp. and concentration in the technology industry.

GS Finance Corp. is offering $1,000 face-amount autocallable, underlier-linked notes due July 6, 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and have an upside participation rate of 300% tied to the lesser performing underlier among the Nasdaq-100, S&P 500 and the VanEck Semiconductor ETF (SMH). The notes are automatically called on annual observation dates if each underlier closes at or above its initial level; call premiums are 30% (2027) and 60% (2028). If not called, the cash settlement is determined by the lesser performing underlier on the determination date; a final level below the trigger buffer (60%) exposes holders to principal loss, including potential full loss of investment. The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. files Underlier Supplement No. 49 dated June 24, 2026 describing additional risk factors for notes or warrants that reference one or more indices ("underliers"). The supplement explains pricing-model estimated values versus original issue price, the unsecured credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., market‑value drivers (including interest rates, volatility and dividend treatment), foreign‑currency conversion and sovereign intervention risks, and index‑specific risks for a range of indices and index methodologies (including Excess Return, Risk Control and Volatility Plus indices). It also discloses benchmark and methodology dates (for example, SOFR replacement on December 20, 2021) and states that the calculation agent (initially GS&Co.) has discretion to determine underlier levels if sponsors discontinue or modify an underlier.

GS Finance Corp. offers callable equity‑linked notes tied to Micron Technology common stock. The notes mature July 13, 2029 (expected) with a trade date expected July 10, 2026 and original issue price at 100% of face amount. Notes pay no interest, can be automatically called on scheduled call observation dates beginning in July 2027 if the Micron closing price is at least 70% of the initial index stock price, and provide a capped maximum settlement of $2,290 per $1,000 face amount at maturity. If not called, payoff at maturity is linked to the index stock return; declines below the 70% trigger expose holders to principal loss, including potential loss of the entire investment. The estimated model value on the trade date is between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due December 30, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Micron Technology, Inc. (ticker MU) with an initial underlier level of $1,051.77 (closing June 23, 2026). Coupon payments are contingent and paid quarterly only when the underlier equals or exceeds 50% of the initial underlier level. The notes feature an automatic call if the underlier equals or exceeds the initial underlier level on any call observation date; otherwise maturity cash settlement depends on final underlier performance and can result in a total loss of principal.

GS Finance Corp. offers Digital Equity-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 performance of Micron Technology, Inc. stock between the June 30, 2026 trade date and the December 30, 2027 determination date. If the final underlier level is at or above a 60% trigger buffer level, holders receive at least a $1,680 threshold settlement amount, subject to a $2,000 maximum settlement amount. If the final underlier level is below the trigger buffer level, holders suffer losses proportional to the decline and could lose their entire investment. The notes are part of the Medium-Term Notes, Series F program and are book-entry obligations under a senior indenture; market liquidity and secondary pricing depend on GS&Co. market-making and other market factors.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Marvell Technology, Inc. (Bloomberg ticker "MRVL UW") and have a $1,000 face amount per note. If the final underlier level on the determination date is ≥ the trigger buffer level (50% of the initial level), holders receive the greater of a $1,480 threshold settlement amount or $1,000 plus $1,000 times the underlier return, subject to a $2,000 maximum settlement amount. If the final underlier level is below the trigger buffer level, holders incur a loss equal to $1,000 × the underlier return and could lose their entire investment. The notes do not bear interest. Trade date is June 30, 2026, original issue date July 6, 2026, determination date December 30, 2027 and stated maturity date January 4, 2028. The prospectus discloses model-derived estimated values that are lower than the original issue price and highlights credit risk of the issuer and guarantor and limited secondary market liquidity.

GS Finance Corp. is offering autocallable index-linked notes due July 6, 2033 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no periodic interest; payoff depends on the Goldman Sachs Momentum Builder® Focus ER Index. Notes are subject to annual automatic calls if the index meets rising call levels; otherwise maturity payment equals $1,000 plus participation in positive index returns (100% upside participation) or $1,000 if the index return is zero or negative. The index applies a 0.65% per annum deduction and may allocate heavily to cash-like positions via volatility and momentum controls, which can materially limit index upside. Trade date is June 30, 2026; original issue date is July 7, 2026.

GS Finance Corp. is offering callable, Dow Jones Industrial Average®-linked notes due expected July 3, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and will pay at maturity either $1,000 or $1,000 plus participation in positive index performance (the upside participation rate is at least 100%), measured from the trade date (expected June 30, 2026) to the determination date (expected June 30, 2031). The issuer may redeem the notes on specified quarterly call payment dates beginning July 2027 at cash amounts capped by preset call premium percentages. The estimated value on the trade date is between $885 and $915 per $1,000 face amount; the original issue price is 100% of face with a 2.5% underwriting discount. The notes do not bear interest and are subject to issuer and guarantor credit risk and U.S. tax rules for contingent payment debt instruments.

GS Finance Corp. offers market-linked, auto-callable medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the common stock of Intel Corporation due June 29, 2029. Each security has a $1,000 face amount and pays a monthly contingent coupon only when the underlying stock meets a coupon threshold (50% of the starting price). The contingent coupon per $1,000 is at least $21.042 (about 25.25% per annum) as set on the pricing date. The notes can be automatically called on monthly call dates starting December 2026 if the stock closing price is greater than or equal to the starting price; if not called, repayment at maturity depends on whether the ending price is at or above the downside threshold (50% of the starting price). The estimated value at pricing is between $890 and $920 per $1,000 face amount, and all payments are subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, buffered monthly-coupon notes linked to the State Street Energy Select Sector SPDR ETF and Diamondback Energy, Inc. The notes pay a fixed coupon of $8.584 per $1,000 monthly (about 10.3% per annum) from July 2026 through the stated maturity on June 26, 2028. At maturity you receive the final coupon and a cash settlement tied to the lesser performing underlier measured from the initial levels set on June 18, 2026 to the determination date (June 21, 2028), with a 60% trigger buffer: if the lesser performing underlier finishes at or above 60% of its initial level, you receive $1,000 per $1,000 face amount; if below, you receive $1,000 plus $1,000 times the lesser performing underlier return, which can result in substantial loss of principal. The estimated value at pricing was approximately $990 per $1,000 face amount and the original issue price is 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffered, index-linked notes tied to the Russell 2000® Index that mature on July 27, 2027. For each $1,000 face amount, the cash payment at maturity depends on the final underlier level versus the initial underlier level. If the final level is above the initial level, holders receive the face amount plus 110% upside participation of the underlier return, capped at a $1,222.50 maximum settlement amount. If the final level is between the initial level and the buffer level (90% of the initial level), holders receive the face amount. If the final level is below the buffer level, holders suffer losses equal to the decline below the buffer (100% buffer rate), and could lose a substantial portion of principal. The notes pay no interest and the original issue price equals 100% of face amount, with an underwriting discount of 0.4333%.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium-term notes linked to the MSCI EAFE Index. The notes have an aggregate face amount of $5,236,400, a trade date of June 22, 2026, an original issue date of June 25, 2026 and a stated maturity date of June 27, 2028. Payments at maturity depend on the final underlier level versus the initial level, include a 10% buffer protecting against declines up to that amount, offer 200% upside participation subject to a $13.20 maximum settlement per $10 face amount, and do not pay interest.

GS Finance Corp. is offering leveraged, callable notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $1,942,000. The notes have a trade date of June 22, 2026, an original issue date of June 25, 2026 and a stated maturity on June 24, 2033 (determination date June 21, 2033).

The notes pay no interest and will return the face amount at maturity unless the final underlier level exceeds the initial level of 600.17. If the underlier return is positive, holders receive for each $1,000 face amount: $1,000 plus 6.13 times the index return multiplied by $1,000 (upside participation rate: 613%). The issuer may redeem the notes on monthly call payment dates beginning June 25, 2027, at 100% of face plus a specified call premium. The estimated value on the trade date was approximately $936 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.125%.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering buffered, S&P 500®-linked cash-settled notes with a $1,000 face amount per note and an aggregate face amount of $898,000. The notes pay no interest and mature on July 27, 2027.

Payment at maturity depends on the underlier return measured from the trade date to the determination date. Upside participation is 110% subject to a $1,152.50 maximum settlement amount. A 10% buffer applies (buffer level = 90% of the initial underlier level); losses below the buffer reduce principal on a 1% per 1% basis.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, buffered, equity-linked notes maturing June 26, 2031. The notes pay no fixed coupon but may pay a monthly coupon of $6.959 per $1,000 (0.6959% monthly) when the basket closes at or above 80% of the initial basket level. The basket is equally weighted across Meta Platforms Class A, Microsoft, Netflix and Oracle with an initial basket level of 100. Notes are automatically called if the basket closes at or above the initial level on specified observation dates commencing June 2027. Estimated value on the trade date was approximately $914 per $1,000; original issue price is 100% with a 3.75% underwriting discount.

GS Finance Corp. offers $2,994,000 of indexed, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest, have an $1,000 face amount unit, a stated maturity date of June 24, 2033, and an annual automatic-call feature beginning on June 25, 2027 if the index meets rising call levels. The notes participate 100% in positive index return (upside participation rate) but are capped by scheduled call premium amounts (e.g., 16% first-call premium) and the notes repay only face amount at maturity if the index return is zero or negative. The initial index level is 114.19, the estimated value on the trade date is $895 per $1,000 face amount, the original issue price is 100% and the underwriting discount is 4.625% (net proceeds 95.375%). The index (Goldman Sachs Momentum Builder Focus ER Index) uses daily rebalancing, a 5% volatility control, and a deduction of 0.65% per annum, and may allocate a substantial portion to hypothetical cash positions, which can materially reduce index returns.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER that mature on June 25, 2032, subject to automatic monthly calls beginning June 2027. The notes pay monthly coupons only when the underlier closes at or above 70% of the initial underlier level of 501.04. A daily 6.0% per annum decrement reduces the underlier level. The estimated value at pricing was approximately $957 per $1,000 face amount; original issue price is 100%. Holders are exposed to issuer and guarantor credit risk, leveraged-index risks (up to 500% exposure), potential loss of principal, and tax and liquidity risks.

GS Finance Corp. is offering callable, contingent coupon, index-linked notes due July 22, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and pays a contingent quarterly coupon of $17.50 per $1,000 (at least 1.75% quarterly, or up to 7.00% per annum) only if both underliers close at or above 55% of their initial levels on the related observation date.

The notes reference the Russell 2000® Index and the S&P 500® Index. The issuer may redeem the notes on any coupon payment date beginning January 2027. At maturity the cash payment per $1,000 depends solely on the lesser performing underlier: if that underlier is at or above 55% of its initial level, you receive $1,000; if below, you receive $1,000 × lesser performing underlier return, which could result in the loss of your entire investment. The notes are exposed to issuer/guarantor credit risk, model/valuation discounts versus issue price, limited secondary market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Market Linked Notes—Auto-Callable with Contingent Coupon with Memory Feature due June 26, 2031. The notes are issued at $1,000 per note (original offering price) with an aggregate face amount of $516,000. They pay a contingent monthly coupon of $10.209 per $1,000 (approximately 12.25% per annum) only when the lowest performing underlying stock on a calculation day is at or above its coupon threshold (75% of its starting price). The notes are linked to the lowest performing of the common stocks of Micron, Sandisk, Marvell, and Tesla; starting prices (pricing date June 22, 2026) were Micron $1,211.38, Sandisk $2,273.73, Marvell $307.86, and Tesla $405.05. If not auto‑called (quarterly call observation beginning June 2027), maturity pays the face amount only. Estimated value at pricing was approximately $941 per $1,000, reflecting issuance discounts and embedded features. All payments remain subject to issuer/guarantor credit risk; no exchange listing and secondary market liquidity is not guaranteed.

GS Finance Corp. is offering Digital VanEck Gold Miners ETF‑linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a cash payment at maturity per $1,000 face amount that is linked to the VanEck Gold Miners ETF (ticker GDX). If the final underlier level on the determination date is greater than or equal to 60% of the initial underlier level, holders receive a capped maximum settlement amount of $1,113.50 per $1,000. If the final underlier level is below 60%, the payment equals $1,000 plus $1,000 times the underlier return, so losses are linear and investors could lose their entire investment. Key dates shown include trade date June 26, 2026, original issue date July 1, 2026, determination date July 26, 2027, and stated maturity date July 29, 2027. The offering exposes investors to market risks tied to the underlier, tracking and concentration risks of gold/silver miners, foreign‑market and currency risks, model/valuation and secondary‑market liquidity considerations, and the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $10 face‑amount Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the S&P 500® and Nasdaq‑100® indices. The notes pay a quarterly $0.25 contingent coupon per $10 only if each index meets its 70% coupon barrier on the observation date. Commencing December 2026 the notes will be automatically called if each index equals or exceeds its initial index level (S&P 500: 7,365.46; Nasdaq‑100: 29,347.27). At maturity (expected December 29, 2028), if the final level of the lesser performing index is below its downside threshold (60% of initial), principal repayment is reduced proportionally to that index return; holders may lose a substantial portion or all of invested principal. Estimated value at pricing: $8.90–$9.20 per $10 face amount. Minimum purchase: $1,000.

GS Finance Corp. files a pricing supplement offering autocallable contingent coupon index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100 and pay quarterly coupons of $33.125 per $1,000 (3.3125% quarterly; up to 13.25% per annum) only if each underlier remains at or above 70% of its initial level during a quarterly observation period. The notes are subject to automatic redemption if, on a call observation date, each index is at or above its initial level (initial levels set on June 23, 2026). If not called, principal at maturity is linked to the performance of the lesser performing index with a trigger buffer at 60% of each initial level; downside below that buffer exposes holders to proportional losses (possible total loss). The estimated value on the trade date is $925 to $965 per $1,000 face amount. Terms reference an expected trade date of June 26, 2026, original issue date expected July 1, 2026, and stated maturity expected June 28, 2029. Coupons, cash settlement mechanics, market-disruption adjustments and credit risk of the issuer and guarantor are described in the supplement.

GS Finance Corp. offers $1,243,000 aggregate face amount of underlier-linked notes due June 27, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payoff at maturity is tied to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF measured from the trade date June 22, 2026 to the determination date June 22, 2028. For each $1,000 face amount, investors receive up to a capped maximum settlement amount of $1,370 (cap level 137%) if both underliers increase, or at maturity the greater of $950 (minimum settlement) and $1,000 plus the lesser performing underlier return. The notes pay no interest; the estimated value on pricing was approximately $965 per $1,000. Original issue price is 100% with an underwriting discount of 2.55% (net proceeds 97.45%).

The issuer, GS Finance Corp., is offering structured, autocallable notes linked to three underliers: the Russell 2000® Index, the S&P 500® Index and the iShares® Latin America 40 ETF. The notes have an expected trade date of June 26, 2026 and an expected stated maturity of July 1, 2031. Notes pay no interest and may be automatically called on specified observation dates beginning June 28, 2027 if each underlier’s closing level is at or above its initial level; call premiums rise with later call dates. At maturity the cash payment depends on the lesser performing underlier and is capped (maturity premium amount 71.5%); if the lesser performing underlier finishes below its 60% trigger buffer level, holders may suffer significant principal loss. The estimated value on the trade date is $885–$925 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are subject to the issuer’s and guarantor’s credit risk.

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 the cash payment at maturity (per $1,000 face amount) depends on S&P 500 performance from the trade date to the determination date. If the final index level is at or above the initial level, you receive $1,000 plus the underlier return up to a maximum upside settlement amount of $1,205. If the final level has declined but remains at or above 80% of the initial level (the buffer level), you receive $1,000 plus the absolute underlier return. If the final level is below the buffer level, you suffer losses calculated by the buffer rate formula and may lose a substantial portion of your investment. Trade date: June 30, 2026; original issue date: July 6, 2026; determination date: June 30, 2028; stated maturity date: July 6, 2028. The notes are senior indebtedness under the GSFC 2008 indenture, not equity, and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers index‑linked notes maturing in 2031, guaranteed by The Goldman Sachs Group, Inc. The notes are principal‑protected above a buffer but linked to the lesser performing of the MSCI Emerging Markets Index and the EURO STOXX 50® Index. For each $1,000 face amount, the cash settlement at maturity depends on the lesser performing underlier return measured from the trade date to the determination date.

If both underliers finish at or above their initial levels, holders receive the greater of the $1,650 threshold settlement amount or $1,000 plus the product of $1,000 and the lesser performing underlier return. If any underlier finishes below its initial level but at or above the buffer level (70% of initial), holders receive the $1,000 face amount. If any underlier finishes below the buffer level, holders incur losses that increase 1% for each 1% decline below the buffer; examples show materially reduced cash settlement amounts, including as low as 30.000% of face at extreme outcomes.

GS Finance Corp. offers $1,000-face autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called monthly if both the Nasdaq-100 and S&P 500 close at or above their initial levels on a call observation date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier: investors receive a capped upside (maturity date premium 32.5512%) if both underliers finish at or above initial levels, a full return of principal if the lesser performing underlier finishes at or above its buffer level (85%), or a reduced cash payment tied to the lesser performing underlier return if that underlier falls below its buffer.

GS Finance Corp. offers $7,700,000 aggregate face amount of autocallable, contingent-coupon, index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100 indices, may be automatically called on specified observation end dates beginning September 2026, and pay quarterly coupons of $31.25 per $1,000 face amount only if each index remains at or above 70% of its initial level on every trading day of the related quarterly observation period. At maturity (June 27, 2029), if not called, repayment depends on the lesser performing index: full principal is returned if that index is at or above 60% of its initial level; otherwise the cash settlement equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial loss. The estimated value at pricing was approximately $996 per $1,000 face amount; original issue price is 100% with a 0.8% underwriting discount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income callable notes linked to the worst-performing of the S&P 500®, Russell 2000® and EURO STOXX 50® indices due January 2, 2029. The notes pay a contingent quarterly coupon (at least $27.50 per $1,000 if each index stays at or above a 70.00% downside threshold on every index business day during the prior observation period). If any index breaches its downside threshold during a period, the coupon for that quarter is $0.00. At maturity (if not redeemed), payment equals $1,000 if each final index value is ≥70.00% of its initial value; otherwise payment equals $1,000 multiplied by the worst performing index performance factor (potentially less than $700 and possibly zero). The issuer may redeem the notes at 100% plus any coupon due on coupon payment dates beginning October 1, 2026 through September 29, 2028.

GS Finance Corp. priced contingent monthly coupon notes (aggregate face amount $500,000) due June 27, 2028. The notes reference the Russell 2000® and S&P 500® indices and pay a contingent monthly coupon of $8.25 per $1,000 if both underliers meet 70% coupon triggers on observation dates. The notes are automatically called on quarterly call dates if both underliers are at or above their initial levels; if not called, the final cash settlement depends on the lesser performing underlier and can result in a total loss of principal. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., priced at 100% of face with a 0.6% underwriting concession.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, the cash payment at maturity will equal $1,000 if the final underlier level is equal to or below the initial level, or $1,000 plus the underlier return subject to a maximum settlement amount of $1,275.50. The notes reference E‑mini S&P 500 futures (not the cash S&P 500 index) and mature on June 27, 2029 with a determination date of June 22, 2029. The original issue price is 100% of face amount; underwriting discount is 3.25% and net proceeds to issuer are 96.75%. Tax treatment follows contingent payment debt rules; the issuer computed a comparable yield of 4.83% per annum and a projected payment at maturity of $1,156.67 for tax accrual purposes.

Key risks disclosed include issuer/guarantor credit risk, potential negative roll yields from futures rolling, limited upside because of the cap, lack of interest payments, potential illiquidity, and that the underlier tracks futures pricing (including financing/ carry effects) rather than the cash index.

GS Finance Corp. is offering autocallable, EURO STOXX 50® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on a call observation date, and the cash payoff depends on the EURO STOXX 50 index performance.

Key mechanics include an upside participation rate of 150%, a trigger buffer level of 80%, an illustrative automatic call cash payment of $1,155 per $1,000 if called, trade date July 17, 2026, and stated maturity July 20, 2029. Purchasers bear issuer and guarantor credit risk and may lose their entire investment if the final index level is below the trigger buffer.

GS Finance Corp. is offering structured, contingent-payment notes linked to the common stock of Advanced Micro Devices, Inc., Intel Corporation and Micron Technology, Inc.. The notes mature on June 26, 2031 unless automatically called on monthly observation dates beginning in June 2027. Each $1,000 face amount pays either a maximum coupon of $11.667 or a minimum coupon of $0.209 per monthly payment depending on whether each index stock meets its coupon trigger price (70% of its initial price). Initial index stock prices are stated as $551.63 (AMD), $140.94 (Intel) and $1,211.38 (Micron), and the notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The original issue price is 100% of face with an underwriting discount of 3.625%, and the estimated value at pricing was approximately $945 per $1,000 face amount.

The prospectus supplement describes GS Finance Corp. floating structured notes (aggregate face amount $500,000) linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest, feature an automatic call if the index closes at or above 102% of the initial index level on an observation date, and otherwise settle in cash at maturity based on index performance. The upside participation rate is 100%; the stated maturity/determination date is June 24, 2033 (determination date June 21, 2033). GS&Co.’s estimated trade‑date value is $900 per $1,000 face amount and the underwriting discount is 4%. The notes are unsecured obligations of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, capped S&P 500® linked medium-term notes, with an aggregate face amount of $16,778,500 under a pricing supplement dated June 22, 2026. The notes pay no interest and return a cash settlement at maturity based on the S&P 500’s performance from the trade date to the determination date, subject to a 150% upside participation rate, a maximum settlement amount of $12.825 per $10 face amount, and a 10% buffer (buffer level = 90% of the initial underlier level). The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. and will be paid in cash on the stated maturity date; investors have no shareholder rights in the underlier.

GS Finance Corp. is offering $1,000,000 aggregate face amount of autocallable buffered notes linked to the iShares4 Semiconductor ETF (SOXX), guaranteed by The Goldman Sachs Group, Inc. The notes have an initial underlier level of $639.45, a call observation date of July 1, 2027 with an automatic-call payoff of $1,322.50 per $1,000 face amount, and a stated maturity of June 23, 2028. At maturity the cash payment depends on the ETF return from June 18, 2026 to the determination date, subject to a threshold settlement amount of $1,645, an upside participation rate of 100%, and a buffer that protects losses up to 20% but applies a 125% buffer rate beyond that. The estimated value at pricing was approximately $987 per $1,000 face amount; original issue price was 100% with a 1.5% underwriting discount (net proceeds 98.5%). The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers callable contingent coupon index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of at least 2.0375% (at least 2.0375% quarterly, or up to 8.15% per annum) when both underliers meet coupon trigger levels. Coupons and the cash settlement at maturity reference the Russell 2000® and S&P 500® indices; the coupon and final cash payment depend on the performance of the lesser performing underlier vs. a 55% trigger buffer of its initial level. The issuer may redeem the notes on any coupon payment date beginning January 2027. Trade date is July 17, 2026 and stated maturity is July 22, 2031.

GS Finance Corp. offers autocallable equity-linked notes due July 3, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note’s cash payoffs depend on the worst-performing stock among AMD, Amazon and NVIDIA. The notes do not pay interest and may be automatically called on quarterly observation dates beginning June 30, 2027 if all underliers are at or above their initial levels. If not called, the maturity payoff is either $1,000 plus participation in the lesser performing underlier’s upside at a 100% participation rate or the $1,000 face amount when the lesser performing underlier is flat or negative.

Careful review of credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., the deterministic automatic call schedule and the tax treatment as a contingent payment debt instrument is recommended.

GS Finance Corp. priced contingent income buffered auto-callable notes linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited. Each note has a $1,000 stated principal amount and may pay a contingent quarterly coupon only if the ADS closes at or above a buffer price set at 60.00% of the initial share price. Notes may be automatically called if the ADS closes at or above the initial share price on any call observation date, and at maturity investors may lose principal if the final share price is below the buffer. Estimated value range is $915 to $975 per security.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent monthly coupon of $8.917 per $1,000 (0.8917% monthly, up to approximately 10.7% per annum) only when each underlier meets its coupon trigger level (80% of initial) on an observation date. The notes are automatically called if on any call observation date all underliers are at or above their initial levels; maturity payment (if not called) depends on the lesser performing underlier and uses an 80% buffer level and a 20% buffer amount (buffer rate 100%), which can result in substantial loss of principal if the lesser performing underlier falls below the buffer.

GS Finance Corp. is offering index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on June 27, 2031 (expected) and reference TOPIX and the S&P 500® Futures Excess Return Index, with a trade date expected to be June 24, 2026. For each $1,000 face amount, repayment at maturity depends on the better performing underlier: if at least one underlier is flat or up, holders receive $1,000 plus 120.25% participation of that underlier return; if both end below their initial levels but at least one is ≥70% of its initial level, holders receive $1,000; if both end below 70%, holders suffer a loss tied to the better performing underlier return. The pricing supplement shows an estimated value of about $885–$925 per $1,000 face amount on the trade date and states the notes do not bear interest and are subject to the issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term structured notes linked to the EURO STOXX 50 Index and the iShares® MSCI EAFE ETF. The notes have a $1,021,000 aggregate face amount, a $1,000 face amount per note, no periodic interest, a six‑year term (trade date June 22, 2026, stated maturity June 25, 2032), and payoff tied to the lesser performing underlier versus an 85% buffer level.

If both underliers finish at or above their buffer levels holders receive the greater of a $1,586.50 threshold settlement or principal plus the lesser performing underlier return; if the lesser performing underlier finishes below its buffer, losses are linear below the buffer (you can lose a substantial portion of principal).

GS Finance Corp. priced underlier-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity an amount tied to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF measured from the trade date to the determination date. The notes do not bear interest. Returns are capped at a maximum settlement amount of $1,410 per $1,000 face amount and floor-protected to a minimum settlement amount of $950 per $1,000 face amount. The expected trade date is July 7, 2026, original issue date is expected to be July 10, 2026, and the stated maturity date is expected to be July 12, 2028. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount. Payments at maturity depend on the lesser performing underlier return, are subject to the issuer and guarantor credit risk, and may be affected by market disruption, anti-dilution adjustments, and calculation agent discretion.