Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. prices structured notes linked to the S&P 500®, State Street® Technology Select Sector SPDR® ETF (XLK) and iShares® Semiconductor ETF (SOXX). The notes have an original issue date of June 24, 2026, an automatic call observation date of June 28, 2027, and a stated maturity of June 24, 2031. If all three underliers are at or above their initial levels on the call observation date, each $1,000 face amount pays $1,200 on the call payment date. If not called, the maturity payout is determined by the lesser performing underlier: investors receive $1,000 if each final level is ≥ 60% of its initial level, 4.08 times the lesser performing underlier return if the lesser underlier is positive, or a loss pro rata to the lesser performing underlier if below the trigger buffer. The pricing supplement discloses an estimated value of approximately $946 per $1,000 face amount and an original issue price of 100%.

GS Finance Corp. offers principal-at-risk notes linked to a five-asset basket, issued June 24, 2026. For each $1,000 face amount, payment at maturity June 23, 2028 depends on a basket return with a 200% upside participation rate and a cap at $1,272.5 per $1,000. The basket initial level is 100, with a 10% buffer: declines up to 10% protect principal, larger declines reduce principal. The aggregate face amount on original issue is $1,214,000, original issue price 100%, and an estimated model value around $975 per $1,000.

GS Finance Corp. is offering structured, equity-linked notes tied to the common stock of NVIDIA, Apple and Tesla with an aggregate face amount of $3,445,000 and a stated maturity date of June 22, 2029. Coupons may be paid monthly only if each index stock meets a 60% trigger on observation dates; the notes are subject to an automatic call feature beginning December 2026 and to repayment based on the lesser-performing stock if a full trigger failure occurs at maturity. The estimated value at issuance is approximately $980 per $1,000 face amount; payments remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The company GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) priced $4,855,000 aggregate principal of principal-at-risk Jump Securities with an auto-callable feature linked to the worst-performing of XLE, XLF and XLV. The securities were priced on June 18, 2026, issued June 24, 2026, and mature June 24, 2032.

Each $1,000 security may be auto‑called on scheduled observation dates if all three ETFs close at or above 90% of their initial ETF prices, producing a call payment that returns principal plus a call premium. If not called, maturity pays either $1,000 plus a 66.60% maturity premium (if all final ETF prices are at or above their initial prices) or an amount equal to $1,000 multiplied by the worst performing ETF performance factor, potentially resulting in significant principal loss or zero. Estimated model value at issuance was approximately $942 per security; original issue price equals stated principal amount (100%).

GS Finance Corp. is offering Fixed Coupon Barrier Notes due December, 2027 linked to an equally weighted basket of Cameco Corporation and Freeport‑McMoRan Inc.. Each unit has a $10 principal amount and an expected term of approximately 18 months. The notes pay a quarterly fixed coupon in the range of $0.375–$0.385 per unit (an annual rate of 15.00%–15.40%), with the coupon paid even if the Basket falls.

At maturity you receive the final coupon and either (a) $10 per unit if the Basket's Ending Value is >= 80% of the Starting Value (Starting Value = 100.00), or (b) one‑for‑one downside exposure to decreases in the Basket if the Ending Value is below 80.00, exposing up to 100% of principal. The estimated value on pricing is approximately $9.25–$9.55 per $10 principal. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk. The minimum initial purchase is $100,000.

GS Finance Corp. priced an Auto-Callable Trigger PLUS linked to the S&P 500® Index due July 6, 2028. The unsecured notes, guaranteed by The Goldman Sachs Group, Inc., pay at least $1,111 per $1,000 if automatically called and offer 125.00% leverage on positive index returns at maturity. The downside threshold is 90.00% of the initial index value; if the final index value is below that level, investors suffer a pro rata loss of principal (potentially down to zero). The pricing date is expected on or about June 30, 2026, with an original issue date expected July 6, 2026. Estimated value at pricing is shown as $910 to $970 per security versus an original issue price of 100.00% of principal; underwriting discount is 2.50%.

GS Finance Corp. offers a $1,000 face‑amount market‑linked, auto‑callable note due July 6, 2029 linked to the lowest performing common stock of Advanced Micro Devices, Inc. and Micron Technology, Inc.. The original offering price is $1,000 per security and the estimated value at pricing is between $925 and $955 per $1,000 face amount.

The notes pay no interest, are automatically called if the lowest performing underlying stock on the call date is at or above its call threshold (54% of its starting price) and, if called, pay at least a 45.00% call premium (at least $450). If not called, maturity payments depend solely on the lowest performing underlying stock on the calculation day, with a 200.00% upside participation rate for positive returns, a capped positive return of 40% for certain declines, and full 1:1 downside exposure below the threshold (investors may lose up to 100% of face amount).

GS Finance Corp. offers $11,579,000 of Contingent Income Auto-Callable Securities linked to the common stock of Advanced Micro Devices, Inc. The securities pay a contingent quarterly coupon only if the underlying stock closes at or above the downside threshold price on coupon observation dates and are automatically called if the stock closes at or above the initial share price on any call observation date.

If the final share price on the determination date is greater than or equal to the downside threshold price, holders receive $1,000 per security (plus any final contingent coupon). If the final share price is below the downside threshold price, holders receive $1,000 × the share performance factor and may lose a significant portion or all of principal. The securities mature on June 22, 2029 and the initial share price is $537.37 with a downside threshold of $268.685 (50.00%).

GS Finance Corp. is offering $516,000 aggregate face amount of callable Nasdaq-100 Futures Excess Return™ Index‑linked notes due June 24, 2031, guaranteed by The Goldman Sachs Group, Inc.

The notes reference the Nasdaq-100 Futures Excess Return™ Index with an initial underlier level of 802.4975 (trade date June 18, 2026) and an upside participation rate of 245%. There is an 80% buffer level (buffer amount 20%): if the final underlier level is below 80% of the initial level, holders absorb proportional losses. The notes pay no interest, have an estimated value of approximately $983 per $1,000 face amount on the trade date, and are callable monthly beginning June 24, 2027 under a scheduled table of call premiums.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due July 23, 2036. The notes are expected to carry a 5.15% per annum interest rate, pay interest annually on July 23 each year, have denominations of $1,000, and will be issued in book-entry form. The trade date is July 21, 2026 and the original issue date is July 23, 2026. The original issue price and underwriting concession are specified to vary for certain investors in the supplemental plan of distribution. The notes will not be listed on any exchange and issuance is subject to termination for a significant adverse movement in the issuer’s credit spread.

GS Finance Corp. is offering autocallable MSCI Emerging Markets Index-linked notes due June 29, 2028, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest and may be automatically called on the call payment date if the underlier closes at or above the initial level on the call observation date; an automatic call would yield at least $1,205.50 per $1,000 face amount. If not called, the cash payment at maturity depends on the final underlier level: investors participate at a 125% upside rate above the initial level, receive principal if the final level is between the buffer and the initial level, or suffer a downside linked to the buffer mechanics if the final level falls below 85% of the initial level. Trade date is June 26, 2026 and original issue date is July 1, 2026. The notes carry issuer and guarantor credit risk and may result in a complete loss of principal under adverse outcomes.

The issuer, GS Finance Corp., is offering principal-protected-structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on the stated maturity date (expected July 8, 2031) unless automatically called beginning July 2027. Coupons may be paid monthly only when the index closing level on an observation date is >= 50% of the initial underlier level; the monthly coupon increment is $10.834 per $1,000 face amount (1.0834% monthly). The index applies volatility-targeted leverage (volatility target 40%), a maximum exposure of 500%, and a daily 6.0% per annum decrement applied to the index level. The estimated value at pricing is stated as between $885 and $925 per $1,000 face amount. Key structural risks include high leverage, the daily decrement, automatic-call mechanics, issuer/guarantor credit risk, and limited historical underlier operating history.

GS Finance Corp. is offering callable medium-term notes linked to three index stocks: the Class C capital stock of Alphabet Inc., a Taiwan Semiconductor Manufacturing Company Limited ADS (representing five common shares), and Bank of America common stock. The notes have a trade date expected to be June 26, 2026, an original issue date expected to be June 30, 2026, and a stated maturity date expected to be July 1, 2031. Observation dates occur monthly; the notes are automatically called if on any call observation date the closing price of each index stock is greater than or equal to its initial index stock price, in which case holders receive the face amount plus a coupon. Monthly coupon payments equal $7.50 per $1,000 face amount (0.75% monthly, 9% per annum) only if the closing price of each index stock on the related coupon observation date is at least 80% of its initial index stock price. The estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount. Payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.; the notes are unsecured and not FDIC insured.

GS Finance Corp. priced a trigger autocallable structured note—a GEARS linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a call observation date of July 6, 2027 and a stated maturity date of July 1, 2031. Payment outcomes depend on index levels at the call observation date and the determination date; a call return of 18.00% applies on a successful autocall. The notes offer enhanced upside exposure via an upside gearing (expected 1.50–1.66), a downside threshold of 75.00%, and potential full downside market exposure at maturity. The original issue price is 100% of face amount ($10); the estimated value at pricing is $9.35–$9.65 per $10. Investing involves credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., possible loss of principal, limited liquidity, and uncertain U.S. tax treatment.

GS Finance Corp. is offering Digital VanEck Gold Miners ETF‑linked notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and mature on July 29, 2027 with the cash settlement tied to the performance of the VanEck Gold Miners ETF (ticker GDX).

For each $1,000 face amount, the cash payment at maturity is capped at $1,113.50 if the final underlier level is greater than or equal to the trigger buffer level (60% of the initial level). If the final underlier level is below the trigger buffer level, you lose 1% of face amount for each 1% decline below the initial underlier level and could lose your entire investment. Trade date is June 26, 2026; original issue date is July 1, 2026; determination date is July 26, 2027.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $12.042 per $1,000 if each referenced stock meets a 75% trigger; they auto-call for $1,000 if all underliers are at or above their initial levels on any call observation date.

Trade date is June 23, 2026 and stated maturity is June 26, 2031. The underliers are AMD, Intel and NVIDIA. GS&Co. is the calculation agent and market-maker candidate; estimated trade-date value is $885–$925 per $1,000, below issue price.

GS Finance Corp. offers structured, autocallable notes backed by The Goldman Sachs Group, Inc. guarantee. The notes reference three index stocks (an ADS of Taiwan Semiconductor Manufacturing Company Limited, Oracle common stock, and Dell Technologies Class C stock) and pay monthly conditional coupons of $6.667 per $1,000 (0.6667% monthly, up to ~8% per annum) when each index stock meets an 80% coupon trigger. The notes may be automatically called on observation dates beginning June 2027 through May 2031; stated maturity is expected to be July 1, 2031. The estimated initial model value is between $885 and $925 per $1,000 face amount, below the original issue price. The notes are unsecured obligations subject to issuer and guarantor credit risk and have limited anti-dilution protection; GS&Co. serves as calculation agent with discretionary adjustment authority.

GS Finance Corp. offers market-linked notes due June 27, 2030 with an automatic call feature. The notes are linked to three State Street sector ETFs (XLF, XLY, XLV) with initial levels set on June 18, 2026. Notes are automatically called if each ETF closing level on a call observation date is greater than or equal to its initial level. At maturity the payment depends on the lesser performing ETF: if its final level is >=70% of initial the cash payment is $1,440 per $1,000 face (maturity premium 44%); if below 70% payment equals $1,000 plus the lesser performing ETF return times $1,000, potentially resulting in substantial loss. Call premium schedule ranges from 11% (first call) to 41.25% (last shown). Estimated value on the trade date is between $905 and $945 per $1,000 face; original issue price is 100% of face. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.; payments are subject to their credit risk.

GS Finance Corp. is offering structured notes due June 25, 2031 linked to four stocks: an ADS of Taiwan Semiconductor Manufacturing Company Limited (5-for-1 ADS), NVIDIA Corporation, Advanced Micro Devices, Inc. and Apple Inc.

Each $1,000 note pays either a $9.709 maximum monthly coupon or a $0.209 minimum monthly coupon depending on whether each index stock meets an 80% coupon trigger; notes are subject to an automatic call if all index stocks equal or exceed their initial prices on a call observation date. Trade date is June 17, 2026, original issue date June 23, 2026, estimated value at terms is approximately $942 per $1,000, issue price 100%, underwriting discount 3.75%, and net proceeds 96.25%.

GS Finance Corp. is offering leveraged, buffered S&P 500® Index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes have a $10 face amount, do not bear interest, and reference the S&P 500 Index from a June 22, 2026 trade date to a June 22, 2028 determination date with stated maturity on June 27, 2028.

Key economic terms shown: an upside participation rate of 150%, a buffer level of 90% (10% buffer), a maximum settlement amount of $12.825 per $10 face amount and a buffer rate of approximately 111.11%. If final level ≤ buffer the holder may lose principal; if final level rises above the initial level upside is capped at the maximum settlement amount.

The notes are GS Finance Corp. medium-term, principal-protected securities linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering totals $28,805,000 face amount and pays no interest; payments depend on index performance, an annual automatic call feature and a maturity cash settlement formula.

If not called, each $1,000 face amount pays either $1,000 + ($1,000 × 100% × index return) when the final index level exceeds the initial index level (initial index level 113.77) or $1,000 if the final index level is equal to or below the initial level. Estimated trade-date value was $899 per $1,000; original issue price is 100% with a 4.625% underwriting discount. The notes mature on June 23, 2033 (determination date June 15, 2033) and are guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable buffered notes linked to the iShares® Semiconductor ETF (SOXX) with aggregate original face amount of $4,775,000. The notes mature on June 23, 2028 but will be automatically called on June 30, 2027 if the ETF closing level is ≥ the initial level of $599.73, triggering a $1,308 cash payment per $1,000 face amount on the call payment date. If not called, payoff at maturity depends on the ETF return to the determination date (June 20, 2028) with a 20% downside buffer and a 125% buffer rate; threshold settlement if positive is $1,616 per $1,000 face amount. The notes pay no interest, are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and have an estimated value at pricing of approximately $993 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due June 23, 2031, guaranteed by The Goldman Sachs Group, Inc. The initial aggregate face amount is $250,000 and the issue price is 100%. Coupons are conditional: $5.50 per $1,000 on each coupon payment date if both underliers close at or above 80% of their initial levels on the related coupon observation date. The notes are automatically called if, on any call observation date (June 2027–May 2031), both underliers close at or above their initial levels. The payoff at maturity (if not called) depends on the lesser performing underlier versus buffer and trigger levels (buffer = 85%; trigger = 80%), and severe underlier declines can produce substantial principal loss. The estimated value on the trade date is approximately $934 per $1,000 face amount.

GS Finance Corp. is offering S&P 500® Index‑Linked Notes due June 28, 2029, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount, does not bear interest, and will pay at maturity either the face amount or a cash settlement tied to the S&P 500 index return up to a $1,258 maximum settlement amount. The initial underlier level will be set on the trade date (June 23, 2026) and the final underlier level will be the closing level on the determination date (June 25, 2029), subject to adjustment. The notes are part of GS Finance Corp.'s Medium‑Term Notes, Series F program, will be issued in book‑entry form (CUSIP 40054X7D4), and are subordinated to the credit risk of the issuer and guarantor. The pricing supplement describes structural, market‑liquidity, tax and credit risks, notes that the original issue price exceeds the estimated model value, and states that GS&Co. may make a market but is not obligated to do so.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash-settled medium-term notes tied to the S&P 500® Index. The offering aggregates $2,544,000 of face amount with an original issue price of 100% and a 0.75% underwriting discount. The notes pay no interest and can be automatically called on the call observation date if the closing level of the S&P 500 is greater than or equal to the initial level; a call would trigger a cash payment of $1,095 per $1,000 face amount. If not called, the maturity payment depends on index performance: an upside participation rate of 200% applies to positive returns; a 70% trigger buffer preserves principal for declines down to 70% of the initial level, but losses equal to the index decline apply below that level, meaning investors could lose their entire investment. Key dates include trade date June 17, 2026, original issue date June 23, 2026, call observation date June 21, 2027, call payment date June 24, 2027, determination date June 20, 2028, and stated maturity June 23, 2028. The notes are subject to issuer and guarantor credit risk, potential illiquidity, model-based valuation discounts at issuance, tax characterization uncertainty, and FINRA conflict-of-interest rules for the affiliate underwriter.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-protected contingent notes linked to the S&P 500®, Nasdaq-100® and the iShares® Semiconductor ETF (SOXX). The notes pay no interest and may be automatically called on the call observation date June 17, 2027 if each underlier’s closing level is at or above its initial level, producing a fixed cash payment of $1,200 per $1,000 face amount on the call payment date. If not called, the maturity payoff on or about the determination/stated maturity date (determination date June 18, 2029; stated maturity June 22, 2029) depends on the lesser performing underlier: positive payoffs equal 4.45 times the lesser performing underlier return if all final levels exceed initial levels; otherwise principal is preserved only if each final level is at least 60% of its initial level; below that you may lose a substantial portion or all of principal. The estimated value on the trade date was approximately $946 per $1,000 versus an original issue price of 100% and an underwriting discount of 1%. Aggregate original face amount was $804,000. Read the pricing supplement for credit, tax, market-disruption and ETF/index-specific risks.

GS Finance Corp. offers fixed-coupon underlier-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $8.584 per $1,000 (0.8584% monthly; up to 10.3% per annum) from expected July 2026 through the stated maturity. The maturity payment (in addition to the final coupon) is linked to the lesser performing underlier of the State Street® Energy Select Sector SPDR® ETF (initial level $53.77) and the common stock of Diamondback Energy, Inc. (initial level $183.50), measured from June 18, 2026 to the determination date (expected June 21, 2028). If the final level of any underlier is below 60% of its initial level (a decline greater than 40%), the cash settlement drops pro rata to the lesser performing underlier return; otherwise holders receive the face amount. The pricing models estimate an initial value between $925 and $955 per $1,000 face amount on the trade date (expected June 22, 2026), below the original issue price. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited anti‑dilution protection; payments are cash-settled and holders have no shareholder rights in the underliers.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering leveraged, capped, callable principal-at-risk notes linked to the common stock of Blackstone Inc. The notes have a face amount of $1,000 each, original issue date June 23, 2026, and a stated maturity of June 23, 2034. The notes pay no interest and may be automatically called beginning on the first call observation date in September 2032 if the closing price of Blackstone Inc. meets specified call levels. At maturity the cash settlement is based on the final index stock price versus the initial index stock price of $125.01, with (i) a capped maximum settlement of $2,376 per $1,000 if final price ≥ 90% of the initial price, (ii) return of principal $1,000 if final price is between 60% and 90% of the initial price, and (iii) a proportional loss if final price < 60% (investors may lose all principal). Estimated model value at trade date was ~$972 per $1,000 face amount.

GS Finance Corp. is offering 433,600 units of Autocallable Participation Notes (aggregate principal $4,336,000) due June 26, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes were priced on June 17, 2026 with settlement on June 25, 2026 and carry an estimated value of $9.75 per $10 principal amount at pricing.

The notes pay no periodic interest and feature an automatic call on the Call Observation Date June 25, 2027 if the Observation Value is at least the Call Value ($208.99); the Call Payment equals $11.00 per unit. If not called, at maturity holders receive 1-to-1 upside and either (a) a positive return equal to the absolute decline if the Ending Value is between the Starting Value and the Threshold Value ($156.74, 75% of the Starting Value), or (b) full downside exposure below the Threshold Value, with up to 100% principal loss. Minimum initial purchase is $100,000.

GS Finance Corp. offers indexed, non‑interest bearing notes due September 22, 2027 linked to the common stock of Intuitive Surgical, Inc. The offering has an aggregate face amount of $338,000 on the original issue date and an initial index stock price of $402.18 (trade date June 17, 2026). At maturity the cash payment per $1,000 face amount depends on the index stock return from the trade date to the determination date (September 17, 2027), with a buffer equal to 30%, an upside cap at 117% (maximum settlement $1,170 per $1,000) and an estimated value on the trade date of approximately $974 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., anti‑dilution adjustments, possible market disruption rules, and discretionary determinations by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount. Payment at maturity depends on the S&P 500 performance from the trade date to the determination date: if the final level exceeds the initial level you receive $1,000 plus the indexed return subject to a maximum settlement amount of at least $1,453; if the final level is equal to or below the initial level you receive the $1,000 face amount. The notes pay no interest, are subject to issuer and guarantor credit risk, and are treated for U.S. federal income tax as contingent payment debt instruments with a required comparable yield accrual method. Trade date is June 30, 2026, original issue date July 6, 2026, determination date June 30, 2031, and stated maturity date July 3, 2031. The original issue price is 100% of face amount, underwriting discount is 2.5%, and net proceeds to issuer are 97.5% of face amount.

GS Finance Corp. is offering autocallable index-linked notes due June 23, 2031 (aggregate face amount $730,000) guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on June 24, 2027 for $1,111 per $1,000 face amount if both the S&P 500® and Nasdaq-100® close at or above their initial levels, and otherwise pay at maturity an amount tied to the performance of the lesser performing index with a 200% upside participation rate, a 70% trigger buffer and potential for complete principal loss if the lesser performing index falls below its trigger buffer.

The issue price is 100% of face amount, underwriting discount is 0.75%, net proceeds 99.25%, and the estimated value on the trade date was approximately $974 per $1,000 face amount.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering structured notes linked to the VanEck Gold Miners ETF (GDX) and the State Street SPDR S&P Bank ETF (KBE). The notes have an expected trade date of July 2, 2026, an expected original issue date of July 7, 2026, and an expected stated maturity date of April 5, 2029. Monthly coupons of $9.875 per $1,000 (0.9875% monthly; up to 11.85% per annum) are payable only if the closing level of each ETF on an observation date is at least 70% of its initial level. The notes are automatically called if on any call observation date each ETF’s closing level is at or above its initial level, in which case holders receive principal plus the coupon. At maturity, if not called, the cash payment depends on the lesser performing ETF relative to buffer and trigger levels (buffer = 80%, coupon trigger = 70%), exposing holders to partial or total loss of principal if thresholds are breached. The estimated value at pricing is stated as $925–$955 per $1,000 face amount. Credit risk of the issuer and guarantor applies.

GS Finance Corp. priced Market Linked Notes due July 7, 2027 linked to the Class C common stock of Dell Technologies Inc.. Each $1,000 face amount security was offered at $1,000 with an estimated model value of approximately $954 per $1,000 on the pricing date. The notes pay no interest and provide either a capped positive payoff equal to a 40.00% contingent fixed return (maximum maturity payment $1,400) if the ending price is at or above the threshold (65% of the starting price), or 1-to-1 downside exposure to declines below the threshold, allowing losses of up to 100 of face amount. The starting price is $419.32, the calculation day is July 1, 2027, and the stated maturity date is July 7, 2027 (subject to postponement). Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so holders are exposed to the credit risk of those entities.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent, autocallable monthly‑coupon notes linked to the Nasdaq‑100 Technology Sector Index and the S&P 500® Index. The notes pay a contingent monthly coupon of $9.375 per $1,000 (0.9375% monthly, up to 11.25% per annum) when each underlier is at or above an 80% coupon trigger on observation dates. The notes are automatically called if each underlier equals or exceeds its initial level on any call observation date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier versus an 80% buffer; losses can be substantial and investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, cash-settled medium-term notes linked to the VanEck Gold Miners ETF with an aggregate face amount of $1,350,000. The notes may be automatically called on the call observation date and do not bear interest; returns depend on the underlier's performance and are subject to the issuer's and guarantor's credit risk.

The notes pay $1,240 per $1,000 if automatically called and otherwise deliver a cash settlement at maturity based on a 125% upside participation, a 75% buffer level and a buffer-rate formula; investors could lose their entire investment if the final underlier level falls sufficiently.

GS Finance Corp. is offering Market Linked Notes due June 22, 2029 linked to the common stock of NVIDIA Corporation. Each note has a $1,000 face amount, an estimated value at pricing of $980 per $1,000, and an original offering price of $1,000. The notes pay a contingent quarterly coupon of $33.75 per $1,000 (equivalent to 13.50% per annum) only if the underlying stock closes at or above the coupon threshold (60% of the starting price) on the applicable calculation day. The securities are auto-callable on quarterly call dates if the stock closes at or above the starting price; if not called, principal repayment at maturity depends on the ending price relative to the downside threshold (60% of the starting price), exposing holders to full downside from the starting price and possible loss of more than 40% or all principal. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest‑bearing, autocallable notes linked to an equally weighted basket of six common stocks. The notes (expected trade date July 10, 2026) mature on or about July 13, 2029 but may be automatically called beginning on July 12, 2027. Payments depend on the basket closing level on specified call observation dates or on the determination date; upside is capped (maturity premium 51%) and a buffer protects losses down to ‑15%. The notes are unsecured obligations of GS Finance Corp. and bear the issuer and guarantor credit risk of The Goldman Sachs Group, Inc.

GS Finance Corp. prices Leveraged Buffered MSCI EAFE Index‑Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc.

The notes reference the MSCI EAFE Index with an upside participation rate of 106.3%, a buffer level of 80% (buffer amount 20%), trade date June 25, 2026, original issue date June 30, 2026, determination date June 25, 2029 and stated maturity date June 28, 2029. Payments at maturity are cash‑settled per the documented payoff: full face amount if the final index level is at or above the buffer level, upside participation if the index is higher than the initial level, and a proportional loss below the buffer such that a final index at 20% of initial would result in a 40.000% cash settlement of the face amount in the illustrative table.

GS Finance Corp. is offering autocallable fixed‑coupon index‑linked notes due June 22, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $14 per $1,000 each quarterly (1.4% quarterly, up to 5.6% per annum) and may be automatically called beginning June 22, 2027 if both underliers close at or above their initial levels.

If not called, the maturity payout depends on the lesser performing underlier (Nasdaq‑100 and Russell 2000) relative to a 15% buffer: holders receive full face amount if each index is ≥85% of its initial level; otherwise repayment is reduced based on the lesser performing index. The estimated value at pricing was approximately $955 per $1,000, below the original issue price. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers $325,000 aggregate face amount of fixed-coupon, index-linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $14.5 per $1,000 face amount (1.45% quarterly; up to 5.8% per annum) and mature on June 22, 2029. The cash payment at maturity (in addition to the final coupon) is linked to the performance of the Russell 2000® and the S&P 500® indices from the trade date (June 17, 2026) to the determination date (June 18, 2029), and is based solely on the lesser performing index with an 85% buffer level (buffer amount 15%). If the lesser performing index finishes at or above 85% of its initial level, the cash settlement equals the face amount; if below, the payment declines by the lesser performing index return plus 15%, which can result in significant principal loss. The estimated value at pricing was approximately $957 per $1,000 face amount, the original issue price is 100%, underwriting discount 2.75%, and net proceeds to issuer 97.25%. The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to market, credit, tax, and liquidity risks described in this pricing supplement.

GS Finance Corp. priced a structured note offering: a Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Terms include an expected trade date of June 22, 2026, original issue date June 24, 2026, a call observation date June 29, 2027, a call payment date July 2, 2027, a determination date June 22, 2029, and a stated maturity date June 27, 2029.

The securities have a $10 face amount, an autocall barrier at 100.00% of the initial index level, an expected upside gearing of at least 1.45, a downside threshold of 80.00% of the initial index level, and a call return of 18.00%. The estimated model value at issuance is between $9.50 and $9.80 per $10 face amount; original issue price is 100.00% of face amount with a 1.50% underwriting discount. Investors bear full market exposure to the index at maturity and credit exposure to the issuer and guarantor.

GS Finance Corp. is offering $800,000 aggregate face amount of medium-term, cash-settled notes linked to Micron Technology, Inc. stock. The notes pay no interest, may be automatically called on the call observation date for a $1,680 cash payment per $1,000 face amount if the underlier closes at or above the initial level, and otherwise pay at maturity based on the underlier return with a 150% upside participation rate and a 50% trigger buffer. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., priced at 100% of face with a 2% underwriting discount (plus up to 0.65% structuring fee), and are subject to issuer and guarantor credit risk and model‑based valuation differences.

GS Finance Corp. is offering leveraged buffered MSCI EAFE Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $10 face amount and no interest. Returns at maturity depend on the MSCI EAFE Index performance, with a 10% buffer, 200% upside participation capped at a $13.20 maximum settlement per $10 face amount. If the final index level falls below the 90% buffer level, investors suffer proportional losses (approximately 1.1111% of face value per 1% decline beyond the buffer) and could lose their entire investment. The trade date is June 22, 2026, original issue date is June 25, 2026, determination date is June 22, 2028, and stated maturity is June 27, 2028. The notes are unsecured senior debt under GSFC’s Medium-Term Notes, Series F program and are subject to issuer and guarantor credit risk, model/pricing spreads, limited liquidity, foreign market and currency risks, and uncertain U.S. federal tax treatment.

GS Finance Corp. issues callable, non‑interest notes linked to a leveraged S&P 500® futures-based index. The notes mature on June 23, 2033 with a trade date of June 17, 2026 and may be automatically called on specified observation dates beginning in December 2026.

Payments depend on the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (initial level 493.67). The notes carry a 6.0% per annum daily decrement, permit up to 500% leverage on the underlier, and cap upside (maximum settlement $1,980.028 per $1,000). The estimated value at pricing was approximately $914 per $1,000, original issue price was 100%, and the offering includes an underwriting discount of 4.3%.

GS Finance Corp. offers $5,000,000 aggregate face amount of Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc.

Each $10 face amount may be automatically called on June 23, 2027 for a payment including an 18.00% call return. If not called, final payout at the June 16, 2031 determination date depends on index performance: upside exposure is enhanced by 1.66 gearing, full principal is returned only if the final index level is >= 75.00% of the initial level, and losses (up to total loss) occur below that threshold. The original issue price is 100.00% of face amount; estimated value on the trade date was approximately $9.66 per $10 face amount.

GS Finance Corp. is offering autocallable, buffered notes linked to the iShares® Semiconductor ETF (SOXX) guaranteed by The Goldman Sachs Group, Inc. The notes mature expected June 23, 2028 and may be automatically called on the call observation date expected July 1, 2027 if the ETF closing level is at or above the initial level of $639.45. If called, each $1,000 face amount pays $1,322.50 on the call payment date. If not called, maturity payoff depends on the ETF return measured from June 18, 2026 to the determination date expected June 20, 2028: at or above the initial level the holder receives the greater of a threshold settlement amount of $1,645 and participation at 100%; declines up to 20% return the $1,000 face amount; declines beyond 20% expose holders to downside at a buffer rate of 125%, which can result in a loss up to the entire investment. The estimated value at pricing is between $900 and $930 per $1,000 face amount. The notes do not bear interest, are unsecured obligations subject to issuer and guarantor credit risk, and GS&Co. is the calculation agent and potential market maker.

The Goldman Sachs Group, Inc. is offering fixed and floating rate notes with $50,000,000 aggregate principal (subject to increase) that mature on July 22, 2027. Each note has a $1,000 denomination. Interest is 4.10% per annum from June 22, 2026 to but excluding December 22, 2026, then shifts to compounded SOFR + 0.40% (floored at 0.00%) for the floating rate period through maturity. The original issue price is 100% with an underwriting discount of 0.05% and net proceeds of 99.95%. Payments are monthly on the 22nd; GS&Co. is the calculation agent and may determine benchmark replacements. The notes are unsecured obligations and are subject to Goldman Sachs’ credit risk.

GS Finance Corp. prices index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes return at maturity is tied to the lesser performing of the Nasdaq-100, Russell 2000 and S&P 500 measured from the trade date June 24, 2026 to the determination date June 23, 2027, with a stated maturity expected on June 28, 2027. For each $1,000 face amount, the notes cap upside at a maximum settlement amount of $1,262.5 and provide a minimum settlement amount of $900; the estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount. Payment at maturity is based solely on the lesser performing underlier and is subject to issuer and guarantor credit risk.