Goldman Sachs Group Inc. 424B Filings

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp, is offering unsecured, index-linked notes tied to the Nasdaq‑100 Index®, guaranteed by Goldman Sachs. The notes pay no interest, have an expected original issue date of October 2, 2026 and an expected stated maturity of October 2, 2031, unless earlier redeemed by the issuer.

At maturity, if not called and the index has risen, investors receive $1,000 plus 100% of the index’s positive return; if the index is flat or down, investors receive only the $1,000 face amount. The issuer may redeem the notes monthly from October 2027 to September 2031 at 100% of face amount plus a call premium that starts at at least 9.75% and steps up to at least 47.9375%. The estimated value at pricing is expected to be $885–$935 per $1,000, below issue price, reflecting fees and hedging costs. Payments are subject to the credit risk of GS Finance Corp and the Goldman Sachs Group, and the notes are expected to be treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of ordinary income over their life.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering index-linked notes due October 5, 2028, whose repayment depends on the lesser performer of the S&P 500® Index and the Russell 2000® Index. The notes pay no interest and are issued in $1,000 denominations, with the trade date expected to be September 30, 2026.

At maturity, the cash payment per $1,000 is based on the lesser performing underlier return. If both index returns are at least 0%, investors receive $1,000 plus the lesser performing return multiplied by an upside participation rate of at least 103%. If any index is negative but both remain at or above 75% of initial levels, the payoff uses the absolute value of the lesser loss (e.g., −10% index return gives +10% note return). If any index finishes below 75% of its initial level, the payoff reflects the full lesser performing return, so investors can lose up to 100% of principal.

The estimated value at pricing is expected to be $925–$965 per $1,000, below the issue price, due to fees, hedging and structuring costs. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., are characterized for U.S. tax purposes as a pre-paid derivative contract, and carry significant market, credit, liquidity and tax uncertainty risks.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is issuing auto-callable, index-linked notes maturing on August 25, 2032, tied to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest and are unsecured obligations guaranteed by The Goldman Sachs Group, Inc.

Each note has a $1,000 face amount, issued at 100% of face, with an estimated value of about $928 on the trade date. If the index on a call observation date meets or exceeds the specified call level, the notes are automatically redeemed for $1,000 plus a fixed call return (from 12.35% in 2027 up to 61.75% in 2031). If never called, at maturity investors receive $1,000 if the final index level is below 103% of the initial level, or a capped maximum of $1,741 per $1,000 (a 74.1% return) if the final level is at or above 103%.

The index dynamically allocates among equity, bond, commodity and cash-equivalent exposures using daily rebalancing, a 5% volatility control, and a momentum risk control overlay, and is calculated on an excess return basis over the federal funds rate less a 0.65% per annum deduction. A large portion of the index may be allocated to non-interest-bearing cash, which, combined with fee and rate deductions, can materially reduce index performance.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and with a guarantee from The Goldman Sachs Group, Inc., is offering unsecured Buffer Autocallable GEARS notes linked to the S&P 500® Index in $10 denominations. The notes may be automatically called on September 1, 2027 if the index is at or above 100.00% of the initial level, paying $10 plus an 8.00% call return per $10 on September 7, 2027.

If not called, at maturity on August 30, 2029 you receive $10 plus the S&P 500® return multiplied by upside gearing between 1.30 and 1.50 if the final index level is above the initial. If the final level is between 90.00% and 100.00% of the initial, you receive only the $10 face amount. Below the 90.00% downside threshold, losses mirror index declines beyond the 10.00% buffer up to a maximum loss of 90.00% if the index falls to zero. The notes pay no coupons, do not provide dividends, and all payments are subject to the credit risk of GS Finance Corp and The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be between $9.40 and $9.70 per $10 face amount, below the $10 issue price, reflecting fees, hedging and structuring costs.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable S&P 500 Index-linked notes due October 9, 2029, as part of its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes have a $1,000 face amount, no periodic interest, and provide 100% participation in positive S&P 500 returns if held to maturity, subject to an automatic call feature. If on the September 30, 2027 call observation date the S&P 500 closing level is at or above the initial level, the notes are automatically redeemed on October 7, 2027 for at least $1,055 per $1,000 face amount, capping return at that level.

If not called, at maturity investors receive: $1,000 plus 100% of the S&P 500 upside if the final level exceeds the initial level, or $1,000 if the index is flat or down, meaning no downside below par but no dividends and no interim interest. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential secondary-market discounts versus the original issue price, treatment as contingent payment debt instruments for U.S. tax purposes, and they will not be listed on any securities exchange.

Goldman Sachs Group Inc. (GS), through issuer GS Finance Corp., is offering Callable S&P 500® Index-Linked Notes due August 25, 2031, guaranteed by Goldman Sachs Group Inc. The notes have a total face amount of $4,690,000, are issued at 100% of face, carry no interest, and are unsecured obligations subject to the credit risk of both the issuer and guarantor.

The notes provide 1:1 upside to the S&P 500® Index from the initial level of 7,641.16 on August 20, 2026 to the determination date on August 20, 2031. At maturity, holders receive $1,000 per note plus 100% of any positive index return, or $1,000 if the index return is zero or negative, so principal is protected if held to maturity and not called. GS Finance Corp. may redeem the notes in whole on specified quarterly call dates from August 25, 2027 through May 23, 2031 at $1,000 plus a fixed call premium (from 9.26% on the first call date up to 43.985% on the last).

The estimated value on the trade date is approximately $960 per $1,000 face amount, below the issue price due to underwriting discounts, fees, and hedging-related economics. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring holders generally to accrue ordinary income based on a comparable yield of 5.19% per year and a projected payment at maturity of $1,296.73 per $1,000 note, regardless of actual payments.

Goldman Sachs Group, Inc. (GS), through its subsidiary GS Finance Corp., is offering S&P 500® Index-Linked Notes due October 5, 2028 under its Medium-Term Notes, Series F program. The notes are linked to the S&P 500® Index and are fully and unconditionally guaranteed by Goldman Sachs Group, Inc.

For each $1,000 face amount held to maturity, investors receive: (i) if the final S&P 500® level is above the initial level, $1,000 × (1 + underlier return), capped at a maximum settlement amount of at least $1,155; or (ii) if the final level is at or below the initial level, only the $1,000 face amount. The notes pay no periodic interest and the return is entirely based on index performance between the trade date (September 30, 2026) and the determination date (October 2, 2028).

Selected risk disclosures note that the notes are subject to the credit risk of GS Finance Corp. and Goldman Sachs Group, Inc., may trade below face value before maturity, do not provide dividends or shareholder rights in S&P 500® companies, and their market value can be affected by equity market moves, volatility, interest rates, and issuer credit spreads. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of ordinary income over their term based on a "comparable yield" even though no cash is paid until maturity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering S&P 500® Index-linked Absolute Return Trigger Notes due October 5, 2028 under its Series F medium-term note program. The notes pay no interest and are fully and unconditionally guaranteed by Goldman Sachs.

The payoff depends on the S&P 500® level on the determination date, expected October 2, 2028. If the final index level stays within a band of 80% to 120% of the initial level (no barrier event), holders receive the face amount plus the absolute index return, capped so that total payment per $1,000 is between $1,000 and $1,200. If the index ends below 80% or above 120% of the initial level (a barrier event), investors receive a contingent minimum of at least $1,065 per $1,000, representing at least a 6.5% return, regardless of index performance.

The estimated value on the trade date is expected to be $925–$965 per $1,000 face amount, reflecting structuring and distribution costs and GS’s pricing model. The notes are unsecured obligations of GS Finance Corp, subject to the credit risk of both GS Finance Corp and The Goldman Sachs Group, Inc., will not be listed on an exchange, and may have limited secondary market liquidity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering leveraged buffered notes due October 5, 2028, linked to the S&P 500 Index under its Medium-Term Notes, Series F program. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

At maturity, for each $1,000 face amount, investors receive: if the S&P 500 final level is above its initial level, a leveraged payoff of 200% of the index gain, capped at a maximum settlement amount of at least $1,225; if the index is between 90% and 100% of its initial level, return of principal; and if it falls below 90%, a 1:1 loss beyond the 10% buffer, down to a minimum of 10% of principal in the extreme example.

The notes pay no interest, are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and will not be listed on an exchange. The estimated value at pricing will be lower than the issue price, secondary market liquidity is uncertain, and tax treatment is uncertain, with the notes expected to be treated as a pre-paid derivative contract for U.S. federal income tax purposes.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable index-linked notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Nasdaq-100 Index® and the S&P 500® Index and are issued at 100% of face amount without periodic interest.

The notes may be automatically called on September 30, 2027 if each index closes at or above its initial level, in which case investors receive at least $1,142.50 per $1,000 of face amount on October 7, 2027. If not called, the October 10, 2028 maturity payment depends solely on the lesser performing index, with a 200% upside participation rate on gains and full principal repayment so long as each index’s final level is at or above its 80% trigger buffer level. If any index ends below its trigger buffer level, repayment is reduced 1:1 with that index’s loss and investors may lose up to 100% of principal.

The issuer discloses that the model-based estimated value on the trade date is less than the original issue price due to underwriting discount, structuring and distribution costs, and internal pricing differences. The notes are subject to the credit risk of GS Finance Corp. and the guarantor, will not be listed on any exchange, may have limited or no secondary market, and involve uncertain U.S. federal income tax treatment, which counsel views as a pre-paid derivative contract on the underliers.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering auto-callable buffered notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $2,102,000. The notes are issued at 100% of face amount, with a 0.75% underwriting discount and 99.25% net proceeds to the issuer.

The notes pay no interest and may be automatically called on September 1, 2027 if the index on the August 27, 2027 call observation date is at or above the initial level 609.82, in which case holders receive $1,155 per $1,000 (115.5%). If not called, payment at maturity on August 25, 2031 provides 200% upside participation above the initial level, principal protection down to a buffer level of 80%, and losses beyond the 20% buffer, potentially resulting in substantial loss of principal. The payoff and secondary-market value are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the complex behavior of equity futures (including negative roll yield), and uncertain U.S. tax treatment, with the estimated value at pricing being less than the original issue price.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering a structured Medium-Term Note linked to the Nasdaq-100 Index, S&P 500 Index and VanEck Gold Miners ETF with an aggregate face amount of $400,000. Each note has a $1,000 face amount and pays a contingent monthly coupon of $12.25 (1.225%) only if on each observation date all three underliers are at or above 75% of their initial levels.

The notes have a 30% buffer: at maturity, if not earlier redeemed and each underlier’s final level is at or above 70% of its initial level, investors receive $1,000 per note plus any final coupon. If any underlier closes below 70%, principal is reduced according to the lesser-performing underlier’s return, with the payoff floored at 30% of face amount. There is no upside participation beyond par.

GS Finance Corp. may auto-call the notes at par plus coupon on any coupon payment date from August 2027 through July 2030. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., subject to their credit risk. The estimated value at pricing is lower than the 100% issue price, and the notes will not be listed; secondary market liquidity and pricing are uncertain. U.S. tax treatment is uncertain and may implicate Section 1260 constructive ownership and FATCA rules.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering leveraged buffered notes linked to the S&P 500® Index due July 5, 2029, under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and provide 200% upside participation in the S&P 500® return from the September 29, 2026 trade date to the June 29, 2029 determination date, but the payment at maturity is capped at a maximum settlement amount of at least $1,251.5 per $1,000 face amount. A 15% buffer applies: if the index decline is within 15%, investors receive full principal; if the final level falls below 85% of the initial level, principal is reduced 1-for-1 with index losses beyond the buffer, and investors may lose a substantial portion of their investment.

The notes are unsecured senior obligations of GS Finance Corp, subject to the credit risk of both the issuer and The Goldman Sachs Group, Inc., are not bank deposits, bear no FDIC insurance, and are not listed on any exchange. The estimated value on the trade date will be lower than the original issue price due to fees, costs and dealer compensation. Tax treatment is uncertain; the issuer intends to treat the notes as prepaid derivative contracts, and the notes are generally subject to FATCA rules.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Medium-Term Notes, Series F linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index with an aggregate face amount of $1,000,000. The notes pay a contingent monthly coupon of $8.375 per $1,000 (0.8375% monthly, up to 10.05% per annum) only if on each observation date every index is at or above 70% of its initial level.

The notes may be automatically called starting August 20, 2027 if each index is at or above its initial level, in which case investors receive $1,000 per note plus the applicable coupon. If not called, at maturity in 2031 investors receive full principal back only if every index is at or above 60% of its initial level; otherwise repayment equals $1,000 multiplied by the return of the worst-performing index, and investors can lose their entire investment. The initial estimated value is less than the 100% issue price, the notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor, and they will not be listed on any exchange.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is issuing $11,080,000 of Autocallable Contingent Coupon Index-Linked Notes due February 25, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Russell 2000®, S&P 500®, EURO STOXX 50® and Nikkei 225 indices.

Investors may receive a $10.625 coupon per $1,000 (1.0625% monthly, up to 12.75% per annum) on monthly observation dates if the closing level of each index is at least 70% of its initial level; otherwise the coupon for that month is $0. Starting in November 2026, the notes are automatically called if on any call observation date all indices are at or above their initial levels, returning principal plus that month’s coupon.

If not called, the maturity payoff depends on the least-performing index. Principal is fully returned (plus any final coupon) if every index is at least 70% of its initial level, and principal only (no coupon) if each is between 65% and 70%. Below 65% on any index, repayment is reduced using a 35% buffer and a buffer rate of approximately 153.85%, and investors can lose up to their entire investment. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with an issue price of 100% of face, a 0.2% underwriting discount and 99.8% net proceeds to the issuer.

Goldman Sachs Group Inc. (GS), as guarantor of GS Finance Corp., is issuing Medium-Term Notes, Series F linked to the Nasdaq-100 Index, the S&P 500 Index and the VanEck Gold Miners ETF, in an aggregate $500,000 face amount under a pricing supplement dated August 20, 2026.

The notes pay a contingent monthly coupon of $16.459 per $1,000 (1.6459% monthly, up to about 19.75% per year) only if on each observation date all three underliers are at or above 75% of their initial levels. Principal protection is conditional: at maturity in August 2030, if any underlier is below 60% of its initial level, the payoff is reduced one-for-one with the worst performer and investors may lose up to 100% of principal. If all underliers stay at or above the 60% trigger buffer, investors receive full face amount.

GS Finance Corp. may redeem the notes early at par plus any due coupon on any coupon payment date from August 2027 through July 2030. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc., are not bank deposits or FDIC insured, and their estimated value at pricing is less than the 100% issue price due to underwriting discounts, hedging and structuring costs.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable, index-linked notes due August 25, 2032 that pay no interest and are fully exposed to issuer and guarantor credit risk. The notes are linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, a leveraged (up to 500%) futures-based index with a 40% volatility target and a fixed 6% per annum decrement deducted daily.

The notes are issued at 100% of face amount in $1,000 denominations (aggregate face amount $1,694,000) with a 1.25% underwriting discount and estimated value of about $947 per $1,000 on the trade date. If on any of 20 scheduled call observation dates from August 2027 onward the index closing level is at or above the initial level of 528.20, the notes are automatically redeemed at $1,000 plus a call premium (starting at 30.5% and stepping up to 175.375% of face).

If the notes are never called, the maturity payoff depends on index performance. If the final index level is at or above the initial level, holders receive the maximum settlement amount of $2,830 per $1,000 (a 183% maturity premium). If the index declines by up to 50%, principal is returned. If it falls more than 50%, repayment is reduced 1:1 with the index loss, down to zero, so investors can lose their entire investment. The issuer highlights additional risks from leverage, the daily decrement, complex signal-based index rules, potential negative roll yields in futures, model-based secondary pricing, and uncertain tax treatment.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp as issuer and Goldman Sachs Group as guarantor, is offering S&P 500® Index-linked notes due on or about August 30, 2029. The notes pay no interest and repayment of principal is not protected.

At maturity, for each $1,000 face amount, investors receive $1,000 plus a performance-based amount. If the S&P 500® return from the August 26, 2026 trade date to the determination date is positive, the gain is multiplied by an 87% participation rate. If the index return is zero or negative, the loss is multiplied by a 50% buffer rate, so a large index decline can produce substantial principal loss, down to $500 per $1,000 face amount if the index falls to zero.

The estimated value at pricing is expected to be $925–$955 per $1,000, below the 100% issue price, reflecting fees, hedging and structuring costs. Payments depend on GS Finance Corp’s and Goldman Sachs Group’s credit, and the notes will not be listed; any secondary market making by Goldman Sachs & Co. LLC is discretionary.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is offering Medium-Term Notes, Series F, equity index-linked and principal-at-risk, tied to the lowest performing of the S&P 500, Dow Jones Industrial Average, Nasdaq‑100 and EURO STOXX 50 indices, maturing September 9, 2027.

Each security has a $1,000 face amount, no interest and no dividends. At maturity, if the lowest-performing index is above its starting level, investors receive $1,000 plus 100% of its gain, capped by a maximum return of at least 33.50% (minimum maturity amount $1,335). If the index decline is within a 20% buffer (ending level at or above 80% of start), investors receive $1,000. Below the 80% threshold, losses are 1‑for‑1 beyond the buffer, with investors exposed to losing up to 80% of principal.

The original offering price is $1,000 per security, with an underwriting discount up to 2.325%, yielding issuer proceeds of $976.75 per security. The estimated value on the pricing date is between $925 and $955 per $1,000, reflecting model-based pricing and offering costs. Payments are unsecured and subject to the credit risk of GS Finance Corp. and its parent guarantor.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering callable contingent coupon equity-linked notes due 2029, linked to the common stocks of Advanced Micro Devices, Broadcom and NVIDIA. The notes are fully and unconditionally guaranteed by GOLDMAN SACHS GROUP INC under its Medium-Term Notes, Series F program.

Investors receive a contingent monthly coupon of $18.584 per $1,000 face amount when, on a coupon observation date, the closing level of each underlier is at or above 60% of its initial level (the coupon trigger level). The same 60% level is the trigger buffer level for principal: at maturity, if the notes have not been redeemed and the final level of every underlier is at or above 60% of its initial level, the cash payment per $1,000 will be $1,000 plus any final coupon.

If, at maturity, any underlier finishes below its trigger buffer level, the cash settlement amount is $1,000 plus $1,000 times the lesser performing underlier return, so repayment is directly reduced by the worst stock’s percentage loss and can fall to zero, resulting in a total loss of principal. GS Finance Corp may, at its option, redeem the notes in whole (but not in part) on specified quarterly coupon payment dates from March 4, 2027 through June 1, 2029 by paying $1,000 per $1,000 face amount plus any due coupon. The notes are unsecured obligations subject to the credit risk of GS Finance Corp and the guarantee of GOLDMAN SACHS GROUP INC, will not be listed, may trade at values below issue price, and the estimated value at pricing will be lower than the original issue price.

Goldman Sachs Group Inc. (GS), via issuer GS Finance Corp., is offering autocallable S&P 500 Index-linked senior notes due 2029 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by Goldman Sachs Group Inc. The notes are linked to the S&P 500 Index and pay no periodic interest.

Each note has a $1,000 face amount. If on the September 29, 2028 call observation date the S&P 500 closing level is at or above the initial level, the notes are automatically redeemed on October 6, 2028 for at least 110% of face ($1,100 per $1,000). If not called, at maturity on October 9, 2029 investors receive $1,000 plus 110% of any positive index return, and $1,000 if the index is flat or down, subject to issuer and guarantor credit risk.

Key risks disclosed include the notes’ estimated value being lower than the issue price, potential illiquidity and market value sensitivity to rates, volatility and Goldman Sachs’ credit, and the absence of any dividends or shareholder rights. For U.S. tax purposes the notes are treated as contingent payment debt instruments, requiring accrual of ordinary income based on a comparable yield before any cash is received and ordinary income treatment on gain.

Goldman Sachs Group Inc. (GS), through GS Finance Corp. as issuer and Goldman Sachs Group Inc. as guarantor, is offering unsecured, index-linked, auto-callable notes whose payoff depends on the Class A common stock of the index stock issuer (Space Exploration Technologies Corp.). The notes are expected to be issued on August 27, 2026 and mature on August 26, 2027, unless automatically called.

The initial index stock price is $136.97, with a 60% coupon trigger and “trigger buffer” level. On each quarterly coupon observation date (expected November 23, 2026; February 22, 2027; May 21, 2027; August 23, 2027), if the stock closes at or above 60% of the initial price, holders receive an accumulated step-up coupon of $72.5 per $1,000 face amount for each observation met, net of prior coupons; otherwise the coupon is zero.

The notes auto-call in whole if, on any call observation date from November 2026 through May 2027, the stock closes at or above the initial price, returning $1,000 per $1,000 face amount plus the due coupon. If not called, and at maturity the stock is at or above 60% of the initial price, investors receive $1,000 plus any final coupon; if below 60%, principal is reduced one-for-one with the stock’s percentage loss, and no coupon is paid, so up to 100% of principal can be lost. The estimated value on the trade date is $960–$990 per $1,000 face amount, below the 100% issue price, and payments are subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp, is offering autocallable contingent coupon index-linked notes due on a stated maturity date expected to be August 30, 2029, linked to the S&P 500® Index, Russell 2000® Index and Nasdaq-100 Index® and guaranteed by The Goldman Sachs Group, Inc.

The notes pay a monthly coupon of $9.334 per $1,000 face amount (0.9334% monthly, up to about 11.2% per year) only if on the relevant observation date the closing level of each index is at least 70% of its initial level; otherwise no coupon is paid. Starting November 2026 through July 2029, the notes are automatically called if on any call observation date each index is at or above its initial level, in which case investors receive face amount plus that month’s coupon.

If not called, the maturity payoff depends on the least-performing index. Full principal is repaid (plus final coupon, if any) if every index is at least 75% of its initial level. Below 75%, a 25% buffer and a buffer rate of about 133.33% provide partial protection down to 70%; if any index ends below 70%, repayment is reduced in line with the lesser performer and investors can lose all principal and receive no final coupon.

The notes are unsecured obligations of GS Finance Corp, subject to the credit risk of both GS Finance Corp and The Goldman Sachs Group, Inc. The issuer’s estimated value on the trade date (expected to be August 27, 2026) is $925–$955 per $1,000 face amount, below the 100% issue price, reflecting structuring and distribution costs.

Goldman Sachs Group, Inc. (GS), via GS Finance Corp., is offering Digital S&P 500 Index‑Linked Notes due October 4, 2028 under its Medium‑Term Notes, Series F program. The notes are fully and unconditionally guaranteed by Goldman Sachs Group, Inc. and linked to the S&P 500 Index.

For each $1,000 face amount, investors receive at maturity either a capped digital payoff or a loss of principal. If the final S&P 500 level on September 29, 2028 is at or above the trigger buffer level of 80% of the initial level, the payout equals the maximum settlement amount, at least $1,155. If the final level is below the trigger buffer level, the payoff equals $1,000 plus $1,000 times the underlier return, so principal losses match the index decline, potentially down to zero.

The notes pay no interest, are subject to both GS Finance Corp. and Goldman Sachs Group, Inc. credit risk, and will not be listed on any exchange. Market value may be volatile and influenced by S&P 500 performance, interest rates, volatility, dividends, time to maturity and issuer credit. The issuer expects the initial issue price (100% of face) to exceed the model‑based estimated value. U.S. tax treatment is uncertain; the notes are intended to be treated as a pre‑paid derivative contract for federal income tax purposes, and may be subject to FATCA rules.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering Autocallable Contingent Coupon Equity-Linked Notes due 2027 linked to Alibaba Group Holding Limited ADSs and fully and unconditionally guaranteed by Goldman Sachs. Each note has a $1,000 face amount and pays a contingent monthly coupon of $8.959 (0.8959% per month, up to approximately 10.75% per year) only if on the relevant observation date the Alibaba ADS level is at or above the coupon trigger level of 61% of the initial level.

The notes may be automatically called on any call observation date from March 4, 2027 through September 7, 2027 if the underlier is at or above its initial level, in which case investors receive $1,000 per note plus the applicable coupon and the investment ends early. If the notes are not called, at maturity on October 7, 2027 investors receive $1,000 per note only if the final underlier level is at or above the trigger buffer level of 61%; otherwise the payoff is $1,000 plus $1,000 times the underlier return, which can result in a loss of up to 100% of principal.

The notes expose holders to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential non-payment of any coupons if the underlier is below the trigger on observation dates, and limited upside because principal repayment is capped at 100% of face amount even if Alibaba ADSs rise substantially. They will not be listed on any exchange, the estimated initial value is less than the issue price, secondary market liquidity may be limited, and the U.S. federal income tax treatment is uncertain, with Goldman Sachs intending to treat the notes as income-bearing prepaid derivative contracts.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Leveraged Callable Dow Jones Industrial Average®-Linked Notes due around September 2, 2031, guaranteed by Goldman Sachs. The notes pay no interest and return at least the $1,000 face amount at maturity if not redeemed early.

If the Dow Jones Industrial Average rises, investors receive $1,000 plus at least 103% of the index’s positive return; if it is flat or down, only $1,000 is paid. GS Finance Corp. can redeem the notes quarterly from September 2027 to May 2031 at $1,000 plus a preset call premium ranging from 10% to 47.5%.

The estimated value at pricing is between $885 and $915 per $1,000 face amount, below the 100% issue price, reflecting fees and hedging costs. Underwriting discounts are 2.5% of face, with net proceeds of 97.5% to the issuer. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and will be treated as contingent payment debt instruments for U.S. tax purposes.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering unsecured auto-callable contingent coupon notes linked to an equally weighted basket of AppLovin Class A, GE Vernova, Oracle and Tesla common stocks. The notes pay a $12.709 monthly coupon per $1,000 only if the basket is at or above 80% of its initial level on each observation date, and the notes may pay no coupons.

The notes can be automatically called monthly from August 2027 through July 2031 if the basket is at or above its initial level, in which case investors receive face amount plus the due coupon. At maturity in August 2031, if not called, principal repayment depends on the basket return with a 15% downside buffer: full principal is returned if the basket is at or above 85% of its initial level; below that, losses increase linearly, and investors can lose a substantial portion of principal with no final coupon. The issuer’s estimated value is $885–$925 per $1,000 face amount, below the issue price, reflecting fees and hedging costs.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp. as issuer and Goldman Sachs as guarantor, is offering unsecured Buffered S&P 500® Index-Linked Notes due on the expected stated maturity date of August 24, 2028. The notes pay no interest and the payout depends solely on S&P 500 performance between the expected trade date of August 21, 2026 and the determination date of August 21, 2028.

For each $1,000 face amount, investors receive: (i) $1,000 plus 90% of any positive index return, capped at a maximum settlement amount of $1,252.5, (ii) full return of $1,000 if the index decline is up to 20%, or (iii) a loss equal to the index return plus 20% if the index falls more than 20%, so principal can be significantly lost. The cap level is approximately 128.056% of the initial index level, creating limited upside versus direct index investment.

The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at pricing is expected to be $925–$955 per $1,000, below the issue price, reflecting fees and hedging costs. The notes are treated for U.S. tax purposes as a pre-paid derivative contract, but the tax consequences are uncertain and could change, and FATCA and backup withholding rules may apply.

Goldman Sachs Group, Inc. (GS), through issuer GS Finance Corp., is offering autocallable ETF-linked notes due September 2031 under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by Goldman Sachs. The notes reference the VanEck Semiconductor ETF (SMH) and the State Street® Energy Select Sector SPDR® ETF (XLE).

The notes pay no interest and may be automatically called in September 2027 if each ETF is at or above its initial level, in which case investors receive a fixed $1,395 per $1,000 of face amount and the trade ends early. If not called, the maturity payoff in 2031 depends only on the lesser performing ETF: strong gains participate at a 400% upside rate, flat-to-moderate declines down to 60% of the initial level preserve principal, but if either ETF finishes below 60% of its initial level investors lose principal one-for-one with that worst ETF, potentially losing the entire investment.

Investors face the credit risk of GS Finance Corp. and Goldman Sachs, no shareholder rights in the ETFs or their constituents, potential illiquidity, and an initial estimated value that is less than the issue price due to fees and hedging costs. Tax treatment is uncertain; the notes are expected to be treated as pre-paid derivative contracts and may be affected by constructive ownership and FATCA rules.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group, Inc. (GS), through issuer GS Finance Corp., is offering index-linked notes tied to a weighted basket of three equity indices: S&P 500® Futures Excess Return Index (65%), MSCI EAFE Index (25%) and MSCI Emerging Markets Index (10%). The notes are issued at 100% of face amount with an aggregate face amount of $519,000, pay no interest, and are guaranteed by Goldman Sachs Group, Inc.

The notes may be automatically called on August 23, 2027 if the basket level is at or above the initial basket level of 100, in which case investors receive $1,150 per $1,000 on August 26, 2027. If not called, the notes mature on August 21, 2031, with a 252% upside participation rate on positive basket returns. Principal is protected only down to a trigger buffer level of 80% of the initial basket level; below this, repayment is reduced one-for-one with the basket loss, and investors can lose their entire investment. The estimated value on the trade date is $977 per $1,000, below issue price, and payments are subject to the credit risk of GS Finance Corp. and the guarantor.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group, Inc. (GS), as guarantor of GS Finance Corp.’s Medium-Term Notes, Series F, is offering S&P 500®-linked buffered return notes with an aggregate face amount of $4,000,000. Each note has a $1,000 face amount, no periodic interest, and a cash-only payment at maturity based on S&P 500® performance from August 18, 2026 to August 18, 2028, subject to a buffer and a cap.

If the S&P 500® final level exceeds the initial level of 7,691.76, investors receive $1,000 plus 200% of the index gain, capped at a maximum settlement amount of $1,252.50 per $1,000 note. If the index is down but not below the 90% buffer level, investors receive full principal. Below the buffer, principal is reduced 1% for each 1% decline beyond the 10% buffer amount, and a substantial loss of invested principal is possible. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs, will not be listed, may have limited liquidity and price transparency, and carry uncertain U.S. tax treatment as prepaid derivative contracts, with potential FATCA and section 871(m) considerations.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and Goldman Sachs Group, Inc. as guarantor, is offering Bearish Leveraged S&P 500® Index‑Linked Notes due in 2027 under its medium‑term note program. The notes pay no interest and return depends solely on the S&P 500® Index level on the determination date, expected to be October 25, 2027, with maturity expected October 28, 2027.

For each $1,000 face amount, if the S&P 500® closes below the initial level, investors receive $1,000 plus 250% of the index decline, capped at a maximum settlement amount of $1,825. Declines beyond 33% (final level at or below 67% of initial) do not increase the payoff. If the index is unchanged or higher, the payoff is $1,000 plus 1x the index return, floored at $0; at or above 200% of the initial level, investors lose their entire principal.

The notes are unsecured obligations of GS Finance Corp, fully guaranteed by Goldman Sachs Group, Inc., and expose holders to the credit risk of both. The estimated value on the trade date is expected between $925 and $965 per $1,000 face amount, below the issue price, reflecting dealer compensation, structuring costs and hedging. Tax disclosure states Goldman intends to treat the notes as a pre‑paid derivative contract linked to the index for U.S. federal income tax purposes, with potential future changes in law highlighted.

Goldman Sachs Group Inc. (GS), through subsidiary GS Finance Corp., is offering unsecured, guaranteed structured notes linked to the common stocks of Applied Materials, Broadcom and Micron. The notes are part of its Series F medium‑term note program and are issued at 100% of face amount, in $1,000 denominations.

The notes mature on an expected date of August 30, 2029, but may be automatically called monthly from August 2027 to July 2029 if each index stock is at or above its initial price. When called, investors receive face amount plus a contingent coupon. Monthly coupons of $15.834 per $1,000 (1.5834%) accrue only when all three stocks are at or above 50% of their initial prices on the relevant observation date; otherwise the coupon for that month is zero.

Principal repayment is not protected. If by final observation a “trigger event” has occurred (each stock below its initial price) and any stock finishes below 50% of its initial price, repayment is reduced one‑for‑one with the worst performer, and investors can lose up to their entire investment. The estimated value at pricing is expected between $925 and $955 per $1,000, below the issue price, reflecting fees, hedging costs and dealer margins.

GOLDMAN SACHS GROUP INC (via GS Finance Corp, with a Goldman Sachs guarantee) is offering callable index-linked notes maturing on September 2, 2031, tied to the S&P 500® Futures 35% VT Adaptive Response 6% Decrement Index (USD) ER. The trade date is expected to be August 27, 2026.

Investors may receive a fixed coupon of $27.50 per $1,000 (2.75% quarterly, up to 11% per year) on each observation date if the index is at least 50% of its initial level. The notes are automatically called if, from August 2027 to May 2031, the index is at least 90% of its initial level, paying back face value plus the current coupon.

If the notes are not called, principal repayment at maturity depends on index performance. Full principal is repaid so long as the final index level is at least 60% of the initial level; below that, losses match the index decline and can reach 100% of principal. The underlying index uses up to 450% leverage, targets 35% volatility and applies a 6% per annum daily decrement, all of which can magnify losses. The estimated initial value is $885–$925 per $1,000 face amount.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Autocallable Contingent Coupon Index‑Linked Notes due 2029, linked to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index. The notes pay a contingent monthly coupon of $9.375 per $1,000 (0.9375% per month, up to 11.25% per year) only if on each observation date the closing level of every index is at or above its coupon trigger level, set at 70% of its initial level. The same 70% level also serves as a trigger buffer for principal at maturity.

If on any call observation date all three indices are at or above their initial levels, the notes are automatically called and pay $1,000 plus the applicable coupon, ending the investment early. If the notes are not called and, on the final determination date (August 27, 2029), any index closes below its trigger buffer level, the maturity payment is reduced based on the “lesser performing underlier”, and principal loss is one‑for‑one with that index’s decline, down to a possible 100% loss of invested principal. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the issuer discloses that the estimated value on the trade date is less than the 100% issue price, with limited or no secondary market liquidity expected.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable, income-bearing notes linked to three ETFs: State Street SPDR S&P Homebuilders ETF (XHB), State Street Technology Select Sector SPDR ETF (XLK) and VanEck Gold Miners ETF (GDX). The notes are expected to trade at 100% of face amount, with a trade date expected to be September 2, 2026, an original issue date September 8, 2026, and a stated maturity date September 7, 2029, subject to earlier automatic call.

Monthly coupons are contingent: if on a coupon observation date the closing level of each ETF is at least 50% of its initial level, the holder receives a step-up coupon equal to $10.292 per $1,000 face amount times the number of past observation dates, less coupons already paid (1.0292% monthly, up to about 12.35% per annum). If any ETF is below 50% of its initial level, no coupon is paid for that month.

The notes are automatically called in whole if, on any call observation date from March 2027 through August 2029, the closing level of each ETF is at or above its initial level; investors then receive $1,000 per note plus the due coupon. If not called, principal repayment at maturity depends on the worst-performing ETF. If the final level of each ETF is at least 50% of its initial level, investors receive $1,000 plus the final coupon. If any ETF finishes below 50%, repayment is $1,000 plus the return of the lesser-performing ETF times $1,000, resulting in a loss of principal, potentially all of it, and no coupon.

The structure is subject to the unsecured credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date is expected to be $925–$955 per $1,000 face amount, reflecting embedded fees and hedging costs, and secondary market values may be materially lower. The product also carries ETF concentration, market disruption, tax, and potential liquidity risks described in detail in the document.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering structured Medium-Term Notes, Series F, linked to the lowest performing of the S&P 500 Index, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF, maturing on February 22, 2030. The total offering is $10,841,000 at $1,000 per security, guaranteed by Goldman Sachs Group Inc.

Holders may receive a monthly contingent coupon of $8.50 per $1,000 face amount (10.20% per annum) only if, on each calculation day, the lowest performing underlier is at or above 65% of its starting value

If not called and on the final calculation day the lowest underlier is below its 60% downside threshold, principal is reduced in full proportion to that underlier’s decline, with the potential for a total loss. Investors do not participate in any upside of the underliers or receive dividends. The estimated value at pricing is $986 per $1,000 note, below the issue price, and all payments are subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc.; the securities are not listed and are designed to be held to maturity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering leveraged buffered notes due September 3, 2031 linked to the S&P 500 Futures Excess Return Index. The notes provide 200% upside participation in the index return from the trade date to August 28, 2031, subject to key structural features.

The notes have a 20% downside buffer: if the final index level is at or above 80% of the initial level, investors receive the full $1,000 face amount per note; above the initial level, the payoff is $1,000 plus 200% of the positive index return. Below 80% of the initial level, principal is reduced 1% for each 1% decline beyond the buffer, so investors can lose a substantial portion of principal, as illustrated by a 40% payout if the index ends at 20% of its initial level.

The notes do not pay interest, are unsecured obligations of GS Finance Corp. fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and expose holders to the credit risk of both entities. The issuer highlights that the initial issue price will exceed the model-based estimated value, that secondary market liquidity and prices are uncertain, and that structural features of equity futures (including financing costs and potential negative roll yield) can cause the index, and therefore the notes, to underperform the S&P 500 Index itself. U.S. federal income tax treatment is uncertain, with counsel viewing the notes as pre-paid derivative contracts for tax purposes.