Goldman Sachs Group Inc. 424B Filings

The Goldman Sachs Group, Inc. offers Callable Fixed Rate Notes due June 25, 2046 carrying a 6.05% annual interest rate from and including the original issue date, June 25, 2026, with annual payments each June 25. The notes are callable in whole (not in part) on each March 25, June 25, September 25 and December 25 on or after June 25, 2029, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ notice.

The initial price to the public is 100% aggregating to $9,396,000; underwriting discount is 0.816%, and estimated proceeds before expenses to The Goldman Sachs Group, Inc. are $9,319,328.64. The notes will be issued in book-entry form through DTC, settle on June 25, 2026, and have no established trading market; market-making by underwriters is discretionary.

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes tied to the common stock of Amazon.com, Inc. The notes have a trade date of July 1, 2026, an original issue date of July 6, 2026 and a stated maturity date of January 6, 2028. For each $1,000 face amount, coupons are contingent quarterly payments that occur only if the underlier closes at or above a 75% coupon trigger on the observation dates; the same 75% level serves as the trigger buffer for principal protection at maturity. The notes will be automatically called early if the underlier closes at or above the initial underlier level on any call observation date. Payment at maturity, if not called, is cash and equals $1,000 if the final underlier level is at or above the trigger buffer; otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, exposing investors to potential loss up to their entire investment. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to underwriting discounts, structuring fees and the issuer/guarantor credit risk.

GS Finance Corp. is offering medium-term, equity-index-linked notes (Series F) due July 6, 2029 linked to the EURO STOXX 50® Index. The securities are auto-callable on July 6, 2027 with a call premium of at least $140.50 (14.05% per $1,000 face) and a stated upside participation rate of 150%.

If not called, maturity payoffs depend on index performance: investors receive 1.5× the percentage gain if the ending level is above the starting level, the face amount if the ending level is no worse than 75% of the starting level, and suffer 1-to-1 downside below that threshold (losses up to 100%). The pricing-date estimated value is between $925 and $955 per $1,000 face, below the original offering price. Payments are unsecured and subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. is offering autocallable EURO STOXX 50® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and does not bear interest. The notes can be automatically called on the call observation date if the underlier is at or above its initial level; an automatic call would pay at least $1,191.50 per $1,000 face amount on the call payment date. If not called, the maturity payment depends on the EURO STOXX 50® performance: full principal for final levels at or above 80% of the initial level, a capped upside with a 150% participation rate, and downside exposure below the 80% trigger (potentially losing the entire investment).

The trade date is July 17, 2026, original issue date July 22, 2026, stated maturity July 20, 2029, and the instrument is cash-settled. The notes are subject to issuer and guarantor credit risk, underwriting discounts and structuring fees, limited secondary-market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Autocallable Leveraged Index Return Notes® linked to the EURO STOXX 50® Index with a term of approximately three years. The notes pay no periodic interest, have a 200.00% Participation Rate if not called, and include an automatic call provision approximately one year after pricing. The public offering price is $10.00 per unit and the estimated value at pricing is between $9.25 and $9.55 per unit. If called, the illustrative Call Payment is $11.60 to $11.70 per unit (Call Premium $1.60 to $1.70); if not called, investors face 1-to-1 downside with up to 100.00% of principal at risk. All payments are subject to GSFC and GSG credit risk and limited secondary market liquidity.

GS Finance Corp. offers $7,451,000 aggregate face amount of Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, due June 27, 2029 and guaranteed by The Goldman Sachs Group, Inc. The securities pay no coupons, may be automatically called on June 29, 2027 if the index meets the autocall barrier and otherwise settle at maturity based on the index performance and the specified terms (upside gearing 1.465, downside threshold 80.00%, call return 18.00%). Purchasers face full downside market exposure at maturity if the final index level is below the downside threshold and are subject to issuer/guarantor credit risk; the estimated value on the trade date was approximately $9.75 per $10 face amount.

GS Finance Corp. is offering buffered, principal‑at‑risk notes linked to the Russell 2000® Index. The notes pay no interest and return at maturity is based on the underlier performance measured from June 22, 2026 to the determination date. If the final underlier level exceeds the initial level, holders receive the underlier return subject to a $1,162 maximum settlement amount per $1,000 face; if the final level is between the initial level and the 80% buffer level, holders receive the face amount; if the final level is below the buffer level, losses apply on a 1:1 basis below the buffer (buffer amount 20%). The offering shows an aggregate face amount of $2,000,000, original issue price at 100% of face, underwriting discount 1.25%, and stated maturity on September 28, 2027.

GS Finance Corp. is offering index-linked medium-term notes due December 30, 2027 that are fully 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 payment linked to the lesser performing of the Dow Jones Industrial Average, the Nasdaq-100 and the S&P 500, subject to a maximum settlement amount of $1,144. The trade date is June 24, 2026 and the original issue date is June 29, 2026. The notes pay no interest; the payoff, if positive, equals the lesser performing underlier return (measured from the trade date to the determination date) multiplied by the face amount, capped at the maximum settlement amount. The pricing supplement highlights credit risk of GS Finance Corp. and the guarantor, limited secondary market liquidity, tax treatment as a contingent payment debt instrument for U.S. holders, and other structural risks described herein and in the referenced prospectus documents.

GS Finance Corp. is offering index-linked notes due 2031 guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity per $1,000 face amount depends on the performance of the Goldman Sachs Momentum Builder® Focus ER Index from the trade date to the determination date. If the final index level exceeds the initial level, holders receive $1,000 plus $1,000 × the 735% upside participation rate × index return; if the final index level is equal to or less than the initial level, holders receive the $1,000 face amount. The index measures a daily-rebalanced mix of up to nine underlying indices plus a notional money market position, applies a 5% realized volatility control, and charges a 0.65% per annum deduction (accruing daily). Trade date is July 8, 2026, original issue date July 13, 2026, determination date July 8, 2031, and stated maturity date July 11, 2031. The notes do not pay interest, are subject to issuer and guarantor credit risk, and may allocate substantial exposure to hypothetical cash positions that earn zero on an excess return basis before the 0.65% deduction.

GS Finance Corp. offers leveraged, buffered notes linked to the S&P 500 Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity based on the underlier return from the trade date to the determination date, with an upside participation rate of 124% and an 80% buffer (20% buffer amount). If the final underlier level is above the initial level, holders receive $1,000 plus participation on gains; if the final level is between 80% and 100% of the initial level, holders receive $1,000; if the final level is below 80%, holders suffer proportional principal losses. The notes pay no interest, are cash-settled, expose investors to issuer and guarantor credit risk, and may trade at prices materially below issue if sold before maturity.

The Goldman Sachs Group, Inc. is offering fixed rate notes due July 23, 2038 with an indicated interest rate of 5.25% per annum. The trade date is set for July 21, 2026 and the original issue date for July 23, 2026.

Notes will be issued in denominations of $1,000, paid annually on July 23, and represented by a master global note at DTC. The original issue price and underwriting concession will be set on the trade date; certain fee-based advisory accounts may pay a reduced original issue price. The offering may terminate if the issuer determines there is a significant adverse movement in its credit spread prior to the trade date.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due June 28, 2029, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face amount pays a contingent quarterly coupon of $29 if the underlier (Morgan Stanley common stock) closes at or above 70% of the initial level on an observation date and is automatically called if the underlier closes at or above the initial level on any call observation date.

At maturity, if not called, cash settlement equals $1,000 if the final underlier level is at or above the 70% trigger buffer; if below, the payment equals $1,000 plus $1,000 times the underlier return, exposing holders to potential loss of up to 100% of invested principal. Original issue price is 100% of face; underwriting discount is 2%, net proceeds 98%.

GS Finance Corp. offers $1,000-face-autocallable index-linked notes due June 28, 2029 (original issue date June 26, 2026) guaranteed by The Goldman Sachs Group, Inc. Payments depend on the lesser performing underlier: the Nasdaq-100 Index and the S&P 500 Index. Monthly automatic call features begin on call observation dates starting June 23, 2027, each with a prescribed call premium. If not called, maturity payoffs are capped at a maturity date premium amount of 32.5512%, protected down to a buffer level of 85% of initial underlier levels; below the buffer the payout formula can produce substantial principal loss (examples show losses up to 64% at extreme declines). The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk and model/market valuation differences.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on a scheduled observation date for a cash payment of $1,100 per $1,000 face amount if the underlier closes at or above its initial level, and otherwise provide cash settlement at maturity tied to S&P 500 performance with a 90% buffer level and an upside participation rate of at least 190.12%.

The notes are sold at 100% of face with an underwriting discount of 1.5% (net proceeds 98.5% of face). They expose investors to issuer and guarantor credit risk, limited upside if called early, full principal loss if the underlier declines materially below the buffer, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers principal-protected structured notes (guaranteed by The Goldman Sachs Group, Inc.) linked to three index stocks: an ADS of Taiwan Semiconductor Manufacturing Company Limited (5 underlying shares per ADS), Oracle common stock and Dell Technologies Class C common stock. The notes have an expected trade date of June 26, 2026, an original issue date expected to be June 30, 2026 and a stated maturity date expected to be July 1, 2031. Coupons are conditional: on each coupon payment date you receive, per $1,000 face amount, the product of $6.75 (0.675% monthly, up to 8.1% per annum) times the number of coupon observation dates that have occurred minus previously paid coupons, only if the closing price of each index stock on the coupon observation date is at least 80% of its initial index stock price. The notes will be automatically called if, on any call observation date (commencing June 2027), the closing price of each index stock is greater than or equal to its initial index stock price; if called you receive face amount plus the coupon due. The estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers structured medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $7,629,000. The notes pay a contingent monthly coupon (up to $10.834 per $1,000, ~1.0834% monthly, ~13.00% per annum potential) when each underlier equals or exceeds a 70% coupon trigger on observation dates. At maturity the cash settlement per $1,000 depends on the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500); if that underlier finishes below 70% of its initial level, principal is reduced proportionally and an investor could lose their entire investment. The issuer may redeem the notes on coupon payment dates beginning September 2026. Trade date is June 18, 2026 and stated maturity is December 23, 2027.

GS Finance Corp. is offering structured medium-term notes linked to the common stock of NVIDIA Corporation (ticker: NVDA UW) with an aggregate face amount of $5,263,000. The notes pay a contingent quarterly coupon and feature an automatic call if the underlier closes at or above the initial level on any call observation date. The coupon is payable only when the underlier’s closing level on a coupon observation date is at least 60% of the initial underlier level. At maturity, if not called, the cash settlement per $1,000 face amount is $1,000 if the final underlier level is at or above the 60% trigger buffer; otherwise the cash payment equals $1,000 plus $1,000 times the underlier return, which means investors could lose up to 100% of their investment. Original issue price is 100% with net proceeds to issuer of 98.15%. Key dates: trade date June 18, 2026, original issue date June 24, 2026, and stated maturity June 23, 2028.

GS Finance Corp. priced callable indexed notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering totals $2,535,000 face amount with a stated maturity of June 28, 2032 (determination date June 21, 2032). The notes pay no periodic interest, may be automatically called on semi-annual observation dates if the index closes at or above the initial index level, and provide capped upside (maturity date premium 60.9%) or repayment of principal if the final index level is below the initial level. GS&Co. estimated the notes' value at $955 per $1,000 on the trade date and included an additional amount of $45 that declines to zero on June 27, 2027. Payments are subject to the issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced zero-coupon indexed notes due June 24, 2031 linked to three ETFs (VanEck Semiconductor, State Street Technology and State Street Energy). The notes bear no interest and are automatically called on September 18, 2026 if each ETF closes at or above 90% of its initial level, producing a fixed call payment of $1,186 per $1,000 face amount. If not called, maturity payoffs depend on the lesser performing underlier: positive upside pays 150% of that underlier return; final levels between 60% and 100% of initial return the face amount; below 60% the holder suffers amplified losses using a ~166.67% buffer rate and can lose the entire investment. The original issue price is 100% of face; the estimated value at pricing was approximately $959 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to an equally weighted basket of seven stocks with an initial basket level of 100. The notes have an expected trade date of June 26, 2026, an expected automatic call observation date of July 9, 2027 (call payment expected July 14, 2027) and an expected stated maturity of June 29, 2028.

Payments: if auto‑called the minimum cash payment is at least $1,232.50 per $1,000 face amount; at maturity positive basket returns receive 125% upside participation, flat or modest declines above a 15% buffer pay principal, and larger declines are reduced by a buffer rate (~117.65%). Estimated value at pricing is $900–$930 per $1,000 face amount.

The issuer GS Finance Corp. is offering notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $268,000 (trade date June 18, 2026, original issue date June 24, 2026, stated maturity June 24, 2031). The notes pay no interest and include an automatic call feature on annual observation dates beginning June 2027 if the index closes at or above 102% of the initial index level (114.18). If not called, maturity payoff per $1,000 is either the maximum settlement amount of $1,675 (if final index ≥ 102% of initial) or $1,000. The estimated value on the trade date was approximately $944 per $1,000 face amount; original issue price is 100% with a 1% underwriting discount.

GS Finance Corp. offers notes with an aggregate face amount of $2,297,000, issued June 24, 2026, and fully guaranteed by The Goldman Sachs Group, Inc.; the notes pay a contingent quarterly coupon and are subject to an automatic call feature.

For each $1,000 face amount, coupons of $28.375 may be paid quarterly (2.8375% quarterly, up to 11.35% per annum) when each underlier meets a 70% coupon trigger. If not called, maturity payment depends on the lesser performing underlier (S&P 500 Index and State Street SPDR S&P Regional Banking ETF); principal can be fully lost if the lesser performing underlier falls below the 70% trigger buffer. The original issue price is $1,000 per note (100% of face amount) and net proceeds to issuer are 98.5% of the face amount, after a 1.5% underwriting discount plus up to a 0.45% structuring fee.

The GS Finance Corp. contingent income auto-callable securities, guaranteed by The Goldman Sachs Group, Inc., offer an aggregate principal amount of $12,174,000 and reference an ADS of Arm Holdings plc. The initial share price is $439.46 and the downside threshold is $219.73 (50.00%).

The notes pay a contingent quarterly coupon that accrues as the product of $77.50 times coupon observation count less prior coupons, payable only if the underlying ADS closes at or above the downside threshold on each coupon observation date. The securities are automatically called if the ADS closes at or above the initial share price on any call observation date; otherwise payment at maturity equals $1,000 if the final share price is at or above the downside threshold, or $1,000 × (final share price / initial share price) if below, exposing holders to up to a total loss of principal.

The pricing date is June 18, 2026, original issue date June 24, 2026, and stated maturity June 22, 2029. The estimated model value at pricing was approximately $928 per security; the offering carries an underwriting discount of 2.25% ($273,915 total).

GS Finance Corp. is offering callable S&P 500® Index‑linked notes with an aggregate face amount of $6,003,000. The notes have a trade date of June 18, 2026, an original issue date of June 24, 2026, and a stated maturity of June 24, 2031, subject to earlier optional redemption by the issuer on scheduled call payment dates.

Holders receive no interest; if the final underlier level on the determination date exceeds the initial level of 7,500.58, the cash settlement equals $1,000 plus participation of 100% of the underlier return per $1,000 face. If the final level is equal to or below the initial level, holders receive the $1,000 face amount. The notes’ estimated value on the trade date was approximately $967 per $1,000 face; the original issue price is 100% of face with an underwriting discount of 2.5%.

GS Finance Corp. offers $20,689,000 aggregate principal amount of Contingent Income Auto-Callable Securities linked to the common stock of Vistra Corp. The securities pay contingent quarterly coupons of up to a cumulative schedule (based on $42.50 per observation increment) only if share prices meet a downside threshold of $98.25 (60.00% of the initial share price of $163.75). The notes are principal-at-risk: if the final share price on the determination date is below the downside threshold, payment at maturity equals the principal amount multiplied by the share performance factor (final/initial), which could result in substantial or total loss of principal. The securities may be automatically called early if the stock closes at or above the initial share price on any call observation date, in which case holders receive the principal plus any contingent coupon then due. The securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and their estimated value at issuance was approximately $968 per security.

GS Finance Corp. is offering callable, non‑interest bearing notes linked to an equally weighted basket of 9 common stocks, with an initial basket level of 100. The notes mature on June 23, 2028 but will be automatically called if the basket closing level on the call observation date (July 1, 2027) is ≥ the initial level, producing an automatic call payment of $1,202 per $1,000 face amount. If not called, maturity payouts depend on the basket return: positive returns receive 125% upside participation; returns between 0% and -20% return principal ($1,000); declines below -20% are reduced by a 20% buffer and a buffer rate of 125%. Original issue price is 100% of face, estimated value at pricing ~$946 per $1,000, aggregate face amount initially $6,830,000, trade date June 18, 2026.

GS Finance Corp. is offering $394,000 aggregate face amount of medium-term structured notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500® Index. Payment at maturity depends on the underlier return measured from the trade date (June 18, 2026) to the determination date (February 18, 2028), with a 15% buffer (buffer level = 85%) and a capped maximum cash payout of $1,138 per $1,000 face amount. If the final underlier level equals or exceeds the initial level, investors receive $1,000 plus the underlier return (capped at the maximum); if the final level declines but stays within the buffer, investors receive the absolute underlier return; if the final level falls below the buffer, investors suffer a proportional loss of principal. The notes bear no interest and are subject to issuer and guarantor credit risk, limited liquidity, underwriting discounts (underwriting discount = 2.225%), and uncertain U.S. federal tax treatment.

GS Finance Corp., with guaranty by The Goldman Sachs Group, Inc., is offering equity‑linked notes tied to the common stock of Broadcom, Advanced Micro Devices and NVIDIA. The offering has an aggregate face amount of $253,000 on the original issue date of June 24, 2026 and $1,000 authorized denominations.

Each note pays a monthly coupon of $23.959 per $1,000 face amount (2.3959% monthly, ~28.75% annualized) only if the closing price of each index stock on a coupon observation date is at least 60% of its initial index stock price. Notes may be automatically called beginning on observation dates from December 2026 through May 2029 if each index stock closes at or above its initial price ($411.35 for Broadcom, $537.37 for AMD, $210.69 for NVIDIA). At maturity (stated maturity date June 22, 2029), if a trigger event occurs (each index stock closes below its initial price on the determination date), the cash settlement will be based on the performance of the lesser performing index stock and could result in substantial loss, potentially well below the face amount. The estimated value on the trade date was approximately $963 per $1,000 face amount.

GS Finance Corp. is offering structured, principal-at-risk notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Nasdaq-100, Russell 2000 and S&P 500. The offering totals $2,077,000 aggregate face amount in $1,000 increments. Coupons are contingent monthly payments of $8.334 per $1,000 (0.8334% monthly, up to ~10.00% per annum) payable only if each underlier is at or above a 70% coupon trigger on observation dates. Notes are subject to an automatic call on scheduled call observation dates if all underliers are at or above their initial levels; called notes pay $1,000 plus then-due coupon. If not called, maturity is May 23, 2028, and cash settlement is based solely on the lesser performing underlier, potentially resulting in a total loss of principal. The trade date is June 18, 2026, original issue price is 100% of face, underwriting discount is 2.225%, and net proceeds are 97.775% of face. These notes carry issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers medium-term principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.709 per $1,000 (a 1.0709% monthly rate, or up to approximately 12.85% per annum) if each underlier meets its 70% coupon trigger on the observation date. The cash settlement at maturity for each $1,000 face amount depends on the performance of the lesser performing underlier and may result in a complete loss of principal if that underlier falls sufficiently below 70% of its initial level. The issuer may redeem the notes on coupon payment dates beginning September 2026 through April 2028. Trade date is June 18, 2026 and stated maturity is May 23, 2028.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest bearing, autocallable notes linked to an equally weighted 12‑stock basket. The notes have a face amount of $1,000 per note, an expected trade date of July 17, 2026, an expected original issue date of July 22, 2026, an expected call observation date of July 19, 2027 (call payment July 22, 2027) and an expected stated maturity of July 20, 2029.

If the basket closing level on the call observation date is greater than or equal to the initial basket level (100), the notes will be automatically called for $1,193 per $1,000 face amount. If not called, maturity payoffs depend on the basket return: positive returns receive 150% upside participation; small negative returns (down to -30%) convert to a positive payout equal to the absolute loss; declines beyond -30% produce proportional losses 30%), exposing holders to principal loss. Estimated value at terms set is $890–$930 per $1,000 face amount.

GS Finance Corp. priced Bearish Leveraged Dow Jones Industrial Average®-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes have an initial underlier level of 51,564.70, a participation rate of 200%, a stated maturity of August 23, 2027 and an aggregate original face amount of $355,000. For each $1,000 face amount, the cash settlement at maturity is calculated from the index return measured from the trade date June 18, 2026 to the determination date August 18, 2027. Positive payments occur only if the final underlier level is below the initial level; positive returns are capped so that the cash payment per $1,000 cannot exceed $3,000 (a maximum positive return of 200%). If the final level is equal to or above 200% of the initial level, holders would receive $0. The estimated value on the trade date was approximately $961 per $1,000 face amount; the original issue price was 100% of face amount and the underwriting discount was 2.35%. These notes do not bear interest and are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes with an aggregate face amount of $726,000. The notes pay monthly contingent coupons of $18.417 per $1,000 (1.8417% monthly; potential ~22.1% per annum) subject to monthly observation tests and include an automatic-call feature commencing June 2027. The notes mature on June 23, 2028 unless called earlier; final payment depends on the performance of three index stocks (ADS of Taiwan Semiconductor Manufacturing Company Limited, Class A shares of Shopify Inc., and common stock of Qualcomm Inc.). The estimated value at pricing was approximately $969 per $1,000 face amount. The offering carries issuer and guarantor credit risk, limited anti-dilution protections, potential for total loss if a trigger event occurs, and limited secondary market liquidity.

GS Finance Corp. priced structured, principal-at-risk notes linked to the Nasdaq-100 Index. The offering aggregates $2,997,000 of face amount and pays no interest. Notes are automatically called on the call payment date if the underlier closes at or above the initial level on the call observation date.

If not called, maturity payment depends on the final underlier level: investors receive upside participation of 125% for positive returns, a full return at or above an 85% buffer level, and a formulaic downside tied to a buffer rate of approximately 117.65% that can result in loss of principal. Trade date: June 18, 2026; original issue date: June 24, 2026; determination date: June 20, 2028; stated maturity: June 23, 2028.

GS Finance Corp. is offering principal-at-risk, non-interest notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of nine common stocks with an initial basket level of 100. The notes have an upside participation rate of 125%, a buffer of 20% (buffer level 80%), an expected call observation date of July 9, 2027 and an expected stated maturity of June 29, 2028. If the basket is at or above the initial level on the call observation date, notes will be automatically called for at least $1,199 per $1,000 face amount. At maturity, positive basket returns receive 125% participation; final basket declines beyond the 20% buffer reduce principal according to the buffer rate. The prospectus states the estimated value on the trade date is between $900 and $930 per $1,000 face amount and that payments are subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. is offering equity-linked notes due June 24, 2031 linked to the lesser performing common stock of NVIDIA Corporation and Microsoft Corporation. For each $1,000 face amount, investors receive either (a) $1,000 plus $1,000×106%×(lesser performing index stock return) if both index stock returns are > 0%, or (b) the greater of a minimum settlement amount of $900 and $1,000 plus $1,000×(lesser performing index stock return) if any index stock return is ≤ 0%. Initial index prices are $210.69 (NVDA) and $379.40 (MSFT) on the trade date June 18, 2026. The estimated value on the trade date is approximately $956 per $1,000 face amount. The offering lists an original issue price of 100%, underwriting discount of 3.8%, and net proceeds to issuer of 96.2%. Payments are subject to issuer and guarantor credit risk and various anti-dilution and market disruption provisions.

GS Finance Corp. offers $2,000,000 in autocallable, contingent-coupon notes due June 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly coupon of $22.50 per $1,000 face amount (2.25% quarterly; up to 9% per annum) when the First Trust Nasdaq Cybersecurity ETF (ticker CIBR) closes at or above 70% of the initial level on coupon observation dates. The notes will be automatically called early if the ETF closes on any call observation date at or above the initial underlier level of $84.54, with redemption paid three business days later. If not called, the cash settlement at maturity depends on the ETF return measured from the initial level to the final determination date (June 18, 2029): if the final level is below 70% of the initial level, holders receive a reduced payment tied to the ETF return and may lose a substantial portion or all of their investment. The estimated model value at pricing was approximately $960 per $1,000 face amount.

GS Finance Corp. offers $6,987,000 of Contingent Income Auto-Callable Securities linked to MongoDB, Inc. stock.

These principal-at-risk notes (guaranteed by The Goldman Sachs Group, Inc.) mature June 22, 2029, pay contingent quarterly coupons only if MongoDB's closing price on coupon observation dates is at or above the downside threshold $166.375 (50.00% of the initial share price), and are automatically called if a call observation date closing price is at or above the initial share price $332.75. If the final share price is below the downside threshold, principal at maturity equals the principal multiplied by the share performance factor (final/initial), which can result in substantial or total loss. The estimated model value at pricing was approximately $976 per security; original issue price was 100% with a 2.25% underwriting discount.

GS Finance Corp. offers $820,000 aggregate Buffered S&P 500® Index‑Linked Notes due June 24, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays at maturity either (a) $1,000 plus 95.75% of the positive index return, (b) $1,000 if the final index level is down by up to 20%, or (c) a reduced cash amount reflecting the negative index return if the final level is more than 20% below the initial level. The notes do not bear interest, their estimated value at pricing was approximately $951 per $1,000 face amount, and payments are subject to the issuer and guarantor credit risk and U.S. federal income tax uncertainty.

GS Finance Corp. offers $7,093,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc. The notes pay a quarterly contingent coupon of $0.3705 per $10 face amount (up to 14.82% per annum) only if the index stock closes at or above the coupon barrier. The notes may be automatically called beginning on September 18, 2026 if the stock closes at or above the initial price $1,635.15, in which case holders receive face amount plus the contingent coupon then due. If not called, maturity settlement on June 23, 2028 pays $10 if final price is at or above the downside threshold (60% of initial price); if below, repayment decreases pro rata with the stock return and investors may lose a large portion or all of principal. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. The notes pay at maturity based on the underlier return from the trade date to the determination date and are fully guaranteed by The Goldman Sachs Group, Inc.

For each $1,000 face amount, investors receive $1,000 + ($1,000 × 171% × underlier return) if the final level > initial level; receive the face amount if decline ≤ the 30% trigger buffer; otherwise they suffer a proportional loss and could lose their entire investment. Key dates include 6/18/2026 (trade), 6/24/2026 (issue), and maturity around 6/22/2029. The offering lists an $850,000 aggregate face amount and original issue price of 100% of face.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash-settled notes linked to the S&P 500 Index. The notes have an aggregate face amount of $1,822,000, an original issue price equal to 100% of face amount, and do not bear interest.

If the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay $1,100 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: investors receive a capped upside (including an upside participation rate of 166%) if the final level exceeds the initial level, full principal if the final level is at or above the 70% trigger buffer, or a loss proportional to the underlier return if the final level is below 70%, which could result in a total loss of principal.

GS Finance Corp. is offering non-interest-bearing, principal‑at‑risk notes linked to an equally weighted basket of 12 stocks. Each note has a face amount $1,000, an initial basket level 100, an upside participation rate 150%, a trigger buffer level 70%, an expected trade date of July 17, 2026, an expected original issue date of July 22, 2026, an expected call observation date of July 19, 2027, and an expected stated maturity date of July 20, 2029. If automatically called on the call observation date, each $1,000 note pays $1,146. At maturity the payoff depends on the basket return: positive returns receive 150% participation, modest declines (down to ‑30%) result in principal protection by using the absolute return, and declines beyond the trigger buffer (70 of initial) expose investors to losses of principal.

GS Finance Corp. is offering $4,155,000 of bearish autocallable absolute return notes linked to the S&P 500® Index with trade date June 18, 2026, original issue date June 24, 2026 and stated maturity September 23, 2027. The notes pay no interest; estimated value at pricing was approximately $986 per $1,000 face amount.

The notes are automatically called if the index closing level on any call observation date falls below 80% of the initial level (7,500.58); if called, each $1,000 face amount pays $1,000. If not called, payoffs at maturity depend on the final index level: a capped positive payoff of 5.25% (i.e., $1,052.5) if the index return ≥0%, participation in the absolute value of negative returns between 0% and -20% (up to 20%) if final level is ≥80% of initial, and $1,000 if final level <80%.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to an equally weighted basket of five semiconductor and software stocks. Each note has $1,000 face amount, a trade date of June 18, 2026 and a stated maturity of June 26, 2031, with sixteen potential automatic call observation dates beginning June 21, 2027. If a call observation date’s closing basket level is at least the initial basket level of 100, the notes will be automatically called and pay $1,000 plus a specified call premium amount. If not called, the maturity payout depends on the basket return: you receive principal plus participation at a 100% upside participation rate if the final basket level is >=100; you receive $1,000 if the final level is between 50% and 100% of initial; and you incur pro rata losses (potentially large) if the final level is below 50%. The prospectus discloses an estimated value of approximately $864 per $1,000 face amount at pricing and highlights credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes tied to Broadcom, Alphabet (Class A) and NVIDIA with an aggregate face amount of $3,450,000. The notes pay a contingent monthly coupon of $7.959 per $1,000 (0.7959% monthly, ~9.55% annual potential) only if each underlier on the coupon observation date is at or above 80% of its initial level. The notes include an automatic call feature: if on any call observation date each underlier is at or above its initial level, the issuer will redeem the notes at $1,000 plus any coupon then due. Trade date is June 18, 2026, original issue date June 24, 2026, and stated maturity June 24, 2031. The pricing supplement discloses an estimated trade-date value of $945 per $1,000 face amount and an additional amount of $15 that declines to zero by September 17, 2026. The notes are unsecured senior debt of GS Finance Corp. and are subject to issuer and guarantor credit risk, limited liquidity, uncertain tax treatment, and the possibility of receiving only the face amount at maturity if coupons are not paid.

GS Finance Corp. is offering Trigger Autocallable Notes linked to the EURO STOXX 50® Index, due and guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, can be automatically called quarterly if the index meets the autocall barrier, and mature on June 26, 2031 (determination date June 24, 2031).

If automatically called, each $10 face amount pays $10 plus a call return that rises the longer the notes remain outstanding (per‑annum range shown on the cover). If not called, principal at maturity depends on the final index level versus a downside threshold of 75.00% of the initial index level; if below that threshold you may lose a substantial portion or all of your investment. Payments are subject to the issuer’s and guarantor’s creditworthiness.

GS Finance Corp. is offering non-interest-bearing, equity-linked notes maturing June 26, 2029 that are tied to an equally weighted basket of seven common stocks (Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, Tesla). The notes pay $1,167.50 per $1,000 if automatically called on the call observation date June 28, 2027. If not called, maturity payoff depends on the basket return: investors receive $1,000 if the final basket level is at or above the buffer level (90), an upside participation of 120% on positive returns, and suffer losses below the buffer with limited protection equal to a 10% buffer. The estimated value on the trade date was approximately $960 per $1,000 face amount and the original issue price is 100% with a 1% underwriting discount.

GS Finance Corp. is offering structured medium-term notes with an aggregate face amount of $9,613,000 linked to the common stock of GE Vernova Inc. The notes pay a contingent quarterly coupon based on observation-date performance (coupon component = $42.5 per applicable observation formula) and may be automatically called if the underlier equals or exceeds the initial level on any call observation date.

The notes carry a buffer of 35% (buffer level and coupon trigger = 65% of the initial underlier level), a buffer rate of approximately 153.85%, an initial underlier level of $1,109.73, trade date June 18, 2026, original issue date June 24, 2026, and stated maturity July 8, 2027. The original issue price is 100% of face amount with a 1% underwriting discount. Investors are exposed to issuer and guarantor credit risk and may lose their entire investment if the final underlier level declines sufficiently.