Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced a capped‑leverage structured note linked to the EURO STOXX 50® Index. The notes have a 160% upside participation, a 25% buffer (buffer level = 75% of the initial underlier), do not pay interest, and mature on June 3, 2031. For each $1,000 face amount, holders receive $1,000 if the final index level is ≥ the buffer level; if the final index level is above the initial level, holders receive $1,000 plus 160% of the index return; if the final index level is below the buffer level, holders lose principal proportionally below the buffer.

The aggregate face amount initially offered is $1,309,000, original issue price is 100% of face amount, underwriting discount is 1.125%, and net proceeds to the issuer are 98.875% of face amount. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and limited secondary‑market liquidity.

GS Finance Corp. priced $6,344,000 of Contingent Income Callable Securities due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The securities pay a contingent quarterly coupon of $21.75 per $1,000 only if each underlying index stays at or above its downside threshold level during each quarterly observation period and are callable "at our discretion" on specified coupon payment dates starting September 3, 2026.

The payout at maturity, if not redeemed, returns $1,000 per security when each final index value is at or above its threshold; otherwise the maturity payment equals $1,000 multiplied by the worst performing index performance factor, exposing holders to potential losses down to zero. The estimated value at pricing was approximately $987 per $1,000 principal; original issue price was 100% with a 2.00% underwriting discount.

GS Finance Corp. priced market-linked notes totaling $6,282,000 due June 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes provide 116.25% participation in any positive change of a weighted basket of five indices measured from the pricing date to the valuation date and repay the $1,000 stated principal at maturity if the final basket value is equal to or below the initial basket value of 100. The basket is weighted: EURO STOXX 50 (40.00%), TOPIX (25.00%), FTSE 100 (17.50%), SMI (10.00%) and S&P/ASX 200 (7.50%). Pricing date was May 29, 2026, original issue date June 3, 2026, valuation date May 30, 2031. Estimated model value at issuance was $943 per $1,000 note; original issue price is 100% with a 3.50% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash‑settled notes linked to the S&P 500® Futures Excess Return Index. Each $1,000 face amount pays no interest and returns at maturity depend on the underlier return and a 168% upside participation rate with a 30% buffer (buffer level = 70% of the initial underlier level). If the final underlier level is above the initial level, you receive $1,000 plus participation on gains; if the final level is between the buffer and initial level you receive $1,000; if below the buffer you incur losses proportional to the decline. Trade date: May 29, 2026; original issue date: June 3, 2026; determination date: May 29, 2031; stated maturity: June 3, 2031. Aggregate face amount: $1,934,000. Original issue price: 100% of face; underwriting discount: 1.125%; net proceeds: 98.875%. The notes are subject to issuer and guarantor credit risk, potential market illiquidity, futures-specific effects (including negative roll yields) and tax uncertainty.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, cash-settled notes linked to the S&P 500® Futures Excess Return Index. The offering has an aggregate face amount of $78,000, an original issue price of 100% of face amount, and an underwriting discount of 0.85%. The notes pay no interest, may be automatically called on the call observation date if the underlier closes at or above the initial level, and mature on June 3, 2031 with final payoff determined by the underlier performance and a 250% upside participation rate and a 70% trigger buffer.

GS Finance Corp. priced Market Linked Securities — Auto-Callable with Leveraged Upside Participation linked to the S&P 500® Index with an original offering price of $1,000 per security. The securities were priced on May 29, 2026 and have an original issue date of June 3, 2026.

The notes pay no interest and may be automatically called on June 3, 2027 if the closing level of the S&P 500 on the call date is greater than or equal to the starting level; an automatic call pays the face amount plus a 9.00% call premium ($90). If not called, at maturity on June 1, 2029 the payment depends on index performance: 125% upside participation for gains, full face if decline ≤25%, and 1-to-1 downside exposure if decline >25%, with a possible loss up to 100% of face amount.

GS Finance Corp. is offering notes linked to the Russell 2000® Index and the S&P 500® Index with an aggregate face amount of $349,000. The notes pay no interest and return either the maximum settlement amount of $1,142.50 per $1,000 face if each underlier’s final level is at or above its initial level, or the $1,000 face amount if any underlier’s final level is below its initial level. The notes trade on May 29, 2026, have an original issue date of June 3, 2026, a determination date of May 30, 2028 and a stated maturity date of June 2, 2028 (each subject to adjustment as described).

The original issue price is 100% of face, underwriting discount is 1% and net proceeds to the issuer are 99% of face. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and their market value and tax treatment are described in the supplement, including a comparable yield of 4.52% per annum and a projected tax payment at maturity of $1,094.85 per $1,000 for U.S. federal income tax accrual purposes.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash-settled notes tied to the S&P 500 Index. The notes pay no interest, carry credit risk of GS Finance Corp. and its guarantor, and have an aggregate face amount of $2,344,000.

Key economic terms: 150% upside participation, a trigger buffer at 80% of the initial underlier level (7,580.06), an automatic-call feature (call observation date June 7, 2027; call payment date June 10, 2027) that would pay $1,114 per $1,000 if triggered, and a stated maturity of June 3, 2031 (determination date May 29, 2031). If not called, maturity payoff depends on final index performance and may result in total loss of principal if the final level is below the trigger buffer.

GS Finance Corp. is offering autocallable, contingent-coupon notes linked to the iShares® Semiconductor ETF (SOXX) with an aggregate original face amount of $2,710,000. The notes have an original issue date of June 4, 2026 and a stated maturity of June 4, 2032, and are guaranteed by The Goldman Sachs Group, Inc. Coupons (up to approximately 13.1% per annum pro rata) are payable only on coupon payment dates when SOXX closes at or above 65% of the initial level ($569.08). The notes will be automatically called if SOXX closes on any call observation date at or above the initial level, in which case holders receive the face amount plus accrued coupon. At maturity, if not called, settlement depends on the ETF return with a principal buffer: no principal loss if final level is ≥ 65% of initial, full principal returned at final level ≥ 50% but < 65% with no coupon, and pro rata principal loss if final level < 50% (you could lose a substantial portion of principal). The estimated value on the trade date was approximately $985 per $1,000 face amount; original issue price was 100% with a 0.25% underwriting discount.

GS Finance Corp. priced structured, cash-settled notes linked to the Nasdaq-100 Index with a 125% upside participation and a 15% downside buffer. Each $1,000 face amount pays $1,125 if automatically called on the call payment date; otherwise maturity payoff varies with the final underlier level and may result in substantial loss.

The notes bear no interest, are fully guaranteed by The Goldman Sachs Group, Inc., carry underwriting fees (1% of face amount), and are subject to issuer and guarantor credit risk, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering market-linked notes tied to the S&P 500 Index, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; the aggregate face amount is $2,657,000. At maturity you receive either the face amount or a cash payment equal to the face amount plus the underlier return, capped at a maximum settlement amount of $1,212.50 per $1,000 note. The notes pay no interest and mature on March 5, 2029 (determination date February 28, 2029, trade date May 29, 2026). For U.S. tax purposes the notes are treated as contingent payment debt instruments with a comparable yield of 4.62% per annum and a projected maturity payment of $1,136.19 per $1,000.

The pricing supplement discloses that the original issue price equals face amount, underwriting discount is 1%, and net proceeds to the issuer are 99% of face amount. The estimated value used by GS&Co.’s models is lower than the issue price; market liquidity and secondary pricing may be limited. The notes are not listed and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers five-year indexed notes, guaranteed by The Goldman Sachs Group, Inc., linked to the EURO STOXX 50® Index. For each $1,000 face amount, at the stated maturity you will receive either (a) $1,000 plus the underlier return times the upside participation rate of 129.5% if the final index level is greater than the initial level, or (b) the face amount of $1,000 if the final index level is equal to or less than the initial level.

The trade date is May 29, 2026, original issue date is June 3, 2026, and stated maturity is June 3, 2031. The pricing supplement shows an aggregate face amount of $357,000, an original issue price of 100% of face and an underwriting discount of 1.125%. The notes pay no periodic interest and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering principal-at-risk, cash-settled notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, mature on June 3, 2031, and base payment on the underlier's performance from the May 29, 2026 trade date to the May 29, 2031 determination date. Key terms include an upside participation rate of 214%, a buffer level of 90% (10% buffer amount) and a buffer rate of 100%. The offering lists an aggregate face amount of $1,295,000, original issue price at 100% of face, underwriting discount 0.75% of face and net proceeds to issuer 99.25% of face. If the final underlier level is below the buffer level, investors can lose a substantial portion of principal; if above the initial level, upside is amplified by the participation rate.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, principal-protected notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an aggregate face amount of $1,118,000, an upside participation rate of 300% and an initial index level of 114.14. If the index closes at or above the initial index level on the call observation date, the notes will be automatically called and pay $1,102.50 per $1,000 on the call payment date. If not called, at maturity the cash payment per $1,000 will be $1,000 + $1,000 × 300% × index return when the final index level is greater than the initial level; otherwise investors receive the face amount. The notes do not pay interest, are subject to the issuer and guarantor credit risk, and have an estimated trade-date model value of $950 per $1,000 face amount (the original issue price exceeds this estimated value).

GS Finance Corp. priced and is offering structured notes (CUSIP: 40054RCQ2) linked to an American depositary share of Alibaba Group Holding Limited (ADS) with an initial index stock price of $124.22. The notes pay contingent monthly coupons (up to approximately 11% per annum annualized) only when the ADS closing price on observation dates is at or above 60% of the initial price. The notes mature on July 2, 2027 unless automatically called after observation dates beginning November 30, 2026; automatic call occurs if the ADS closing price on a call observation date is greater than or equal to $124.22, in which case holders receive principal plus accrued coupon. At maturity, if the final ADS price is below 60% of the initial price, holders suffer downside tied to the percentage decline (receiving less than 60% of face amount when final ADS price is below 60%). The estimated value at pricing was approximately $973 per $1,000 face amount; original issue price was 100% with a 2.15% underwriting discount.

GS Finance Corp. is offering structured notes linked to the VanEck Semiconductor ETF (ticker SMH). The notes do not pay interest and have an expected trade date of June 30, 2026 and an expected stated maturity date of July 6, 2029. They include an automatic call feature with multiple call observation dates beginning July 7, 2027; if called you receive the $1,000 face amount plus the applicable call premium. If not called, maturity payments depend on the ETF performance: a capped maximum settlement of $1,487.50 per $1,000 if the final ETF level is at least 70% of the initial level; return of principal ($1,000) if final level is between 60% and 70%; and a downward participation equal to the ETF return if the final level is below 60%, which may result in a loss of up to the full investment. The calculation agent is Goldman Sachs & Co. LLC. The estimated model value at pricing is between $925 and $965 per $1,000, which is below the original issue price.

GS Finance Corp. priced Callable SOFR-Linked Range Accrual Notes due June 3, 2041, guaranteed by The Goldman Sachs Group, Inc. The pricing supplement sets an original aggregate principal amount of $5,662,000 (issue date June 3, 2026), with an original issue price of 100.00% and a 2.625% underwriting discount. Interest is quarterly, paid March/June/September/December, at 8.40% per annum for the first four quarters; thereafter interest accrues based on the fraction of reference dates where SOFR is within the trigger range (>= 0.00% and <= 5.00%), multiplied by an interest factor of 8.40%. The issuer may redeem the notes, in whole only, on any interest payment date on or after June 3, 2027, at 100% principal plus accrued interest. Net proceeds will be lent to The Goldman Sachs Group, Inc. or its affiliates.

GS Finance Corp. offers contingent monthly coupon, automatic‑call, principal‑at‑risk notes under a Pricing Supplement dated . The offering totals $1,817,000 aggregate face amount with a $1,000 face amount per note, original issue price 100% and a contingent monthly coupon of $10.834 per $1,000 (1.0834% monthly, the potential for up to approximately 13.00% per annum). Coupon payments occur only if each underlier closes at or above its coupon trigger level (70% of initial). Notes will be automatically called if each underlier closes at or above its initial level on a call observation date. If not called, the cash settlement at maturity (June 3, 2031) is based on the final performance of the lesser performing underlier; loss of principal up to 100% is possible. Trade date is May 29, 2026 and original issue date is June 3, 2026. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers $2,400,000 aggregate of absolute return, S&P 500®-linked notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc.

The notes do not bear interest and pay at maturity an amount per $1,000 face based on the S&P 500® Index performance between the trade date May 29, 2026 and the determination date May 30, 2028. If a barrier event occurs (final level above 120% or below 80% of the initial level 7,580.06), holders receive $1,060 per $1,000 (a 6% contingent return). If no barrier event occurs, the payment equals $1,000 plus $1,000 times the absolute index return, limited between $1,000 and $1,200 per $1,000. The estimated value at pricing was approximately $986 per $1,000 and the original issue price is 100% of face.

GS Finance Corp. is offering linked, non‑interest bearing medium‑term notes due June 3, 2031 that pay a cash amount at maturity tied to the performance of the S&P 500® Index. For each $1,000 face amount the notes pay $1,000 if the index is flat or down, and otherwise pay $1,000 plus the index return subject to a $1,530 maximum settlement amount. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount initially offered is $2,726,000, sold at 100% of face with an underwriting discount of 1.125% (net proceeds 98.875% of face). The notes are callable in cash only, do not pay periodic interest, and are exposed to issuer and guarantor credit risk, market liquidity risk, capped upside and U.S. federal tax rules for contingent payment debt instruments.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the common stock of NVIDIA Corporation. Each note has a $1,000 face amount and a capped maximum settlement of $1,142.50 per $1,000 if the final NVDA level is greater than or equal to a 60% trigger buffer. If the final NVDA level is below the trigger buffer, investors lose 1% of face for each 1% decline in NVDA below the initial level and could lose the entire investment. Trade date is May 29, 2026, original issue date June 3, 2026, determination date June 29, 2027 and stated maturity July 2, 2027. The pricing supplement shows an aggregate face amount of $3,358,000, an original issue price of 100% of face and an underwriting discount of 1.1%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500 Index. The notes have an aggregate face amount of $9,725,000, an original issue price of 100%, and a capped maximum payout of $1,205 per $1,000 face amount.

Key economic terms: trade date May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028, stated maturity date June 2, 2028. The notes provide a positive or zero return if the final S&P 500 level is ≥ the initial level, provide the absolute value of a decline up to an 80% buffer (buffer amount 20%), and expose holders to losses if the final level is below the 80% buffer. The notes do not pay interest and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering fixed rate notes due June 11, 2038 with an expected annual interest rate of 5.25%. The notes trade on June 9, 2026

Notes will be issued in book-entry form in denominations of $1,000, pay interest annually on June 11 beginning June 11, 2027, and will not be listed on any exchange. The original issue price and underwriting concession vary by investor class and will be set on the trade date; certain fee-based advisory accounts may pay an original issue price that varies between specified percentages and 100% of principal. The notes are senior unsecured obligations issued under the senior debt indenture dated July 16, 2008.

The issuer, GS Finance Corp., is offering $1,203,000 aggregate face amount of callable notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the S&P 500® Futures Excess Return Index and do not bear interest. Payment at maturity depends on the final index level measured from the trade date (May 29, 2026) to the determination date (May 27, 2031). If the final underlier level is above the initial level of 609.62, holders receive the face amount plus 200% of the index return. If the final level is between 75% and 100% of the initial level, holders receive the face amount. If below 75%, the payout declines and investors can lose a substantial portion of principal. The company may redeem the notes on specified monthly call payment dates beginning in June 2027 at predetermined capped call premiums. The estimated value on the trade date was approximately $941 per $1,000 face amount; the original issue price is 100% with an underwriting discount of 4.125%.

GS Finance Corp. is offering structured, principal-at-risk notes linked to the EURO STOXX 50® Index, the iShares® Expanded Tech-Software Sector ETF (IGV) and the iShares® 20+ Year Treasury Bond ETF (TLT). The notes mature on June 4, 2029 unless redeemed earlier and pay contingent monthly coupons of $11.917 per $1,000 face amount when the closing level of each underlier on a coupon observation date is at or above 70% of its initial level. If not redeemed, the maturity payment depends on the lesser performing underlier: full principal if the final level of each underlier is at or above 70%, principal only if all final levels are between 50% and 70%, and a pro rata loss if any final level is below 50%, which can result in a loss of most or all principal.

The trade date is May 29, 2026, original issue price is 100% of face, underwriting discount is 0.7%, net proceeds 99.3%, and the estimated value at pricing was $979 per $1,000 face amount.

GS Finance Corp. is offering contingent quarterly coupon notes guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $1,432,000. The notes pay a quarterly contingent coupon of $20 per $1,000 (2% quarterly, up to 8.00% per annum) only if each underlier equals or exceeds its coupon trigger level on the related coupon observation date.

At maturity (stated maturity date June 3, 2031), if not earlier redeemed, the cash settlement per $1,000 depends on the performance of the single lesser performing underlier; if that underlier is below its trigger buffer level, investors can lose up to their entire investment. The issuer may redeem the notes on any coupon payment date commencing in June 2027 through March 2031.

GS Finance Corp. priced buffered, capped S&P 500 linked notes underwritten by Goldman Sachs. The offering totals $14,971,000 of notes with an original issue price of 100% of face amount and a 0.15% underwriting concession. The notes pay no interest and return at maturity is cash-settled based on the S&P 500® Index performance from the trade date through the determination date, subject to a 20% buffer and a capped upside of $1,210 per $1,000 face amount.

Key economic features: if the final index level is down but within the 20% buffer you receive the absolute decline as a positive return; declines beyond the buffer produce losses equal to 1% of face for each 1% below the buffer level. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and mature in June 2028.

GS Finance Corp. is offering $29,186,000 aggregate face amount of Autocallable Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on June 11, 2027 for $1,099 per $1,000 face amount, and otherwise mature on June 2, 2028.

If not called, payments at maturity depend on the S&P 500 final level on the determination date (May 30, 2028): if the final level is >= the initial level (7,580.06) you receive the greater of $1,198 per $1,000 or $1,000 plus 100% of the index return; if down up to 10% you receive $1,000; if down more than 10% you incur losses equal to ~1.1111% of face per 1% decline below 90% of the initial level. The estimated value at issuance is approximately $981 per $1,000; issue price is 100% with a 1.5% underwriting discount (net proceeds 98.5%).

GS Finance Corp. is offering Market Linked Medium-Term Notes, Series F, due June 1, 2029, linked to the lowest performing of the S&P 500®, TOPIX and EURO STOXX 50® indices. The securities pay no interest and return at maturity depends solely on the lowest performing underlier.

Key economic terms include an upside participation rate of 258%, a buffer of 20% and a multiplier of 1.25. Pricing date was May 29, 2026; original issue date is June 3, 2026. Estimated value at pricing was $935 per $1,000 face amount; original offering price is $1,000 per security. Purchasers are exposed to issuer and guarantor credit risk and may lose up to 100% of principal.

GS Finance Corp. priced principal-at-risk notes tied to the S&P 500 Index with a $1,560,000 aggregate face amount. Each note has a $1,000 face amount, 102% upside participation, a 15% buffer (buffer level 85% of the initial underlier level) and pays no interest. The trade date is May 29, 2026, original issue date June 3, 2026, determination date May 29, 2031 and stated maturity June 3, 2031.

If the final underlier level is above the initial level you receive the upside participation times the underlier return. If the final level is at or above the buffer level you receive the face amount. If below the buffer level you lose proportionally per the buffer rate and could lose a substantial portion of principal. The original issue price equals 100% of face; underwriting discount is 1.125%.

GS Finance Corp. offers notes linked to a 7-stock equally weighted basket with automatic call and a capped upside. Each $1,000 note pays $1,200 if the basket closing level on the call observation date (June 1, 2027) is ≥ the initial basket level of 100. If not called, maturity is June 1, 2029, and payments depend on the basket return from the trade date (May 29, 2026) to the determination date (May 29, 2029). The notes include a 150% upside participation rate, a trigger buffer level at 60% of the initial basket level, an estimated value at issue of approximately $962 per $1,000 face amount, and aggregate original face amount of $6,129,000.

The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., do not pay interest or dividends, and are subject to credit risk, anti-dilution adjustments, market disruption postponement rules, and limited secondary-market liquidity. The calculation agent, Goldman Sachs & Co. LLC, has discretion over pricing, adjustments and certain determinations affecting payoff calculations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term structured notes linked to the Russell 2000® and S&P 500® underliers. The notes pay a contingent quarterly coupon (2.6625% per quarter; potential up to 10.65% per annum) if each underlier meets a 70% trigger on observation dates. At maturity the cash payment per $1,000 face depends on the lesser performing underlier’s return; principal can be entirely lost if that underlier falls below the 70% trigger buffer. The issuer may redeem on coupon dates beginning December 2026. Trade date: May 29, 2026; Original issue date: June 3, 2026; Stated maturity: June 1, 2029.

GS Finance Corp. offers contingent monthly-coupon, auto-callable notes due June 4, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $17.959 per $1,000 face amount if each underlier is at or above 75% of its initial level on the related observation date, and are automatically called if all underliers are at or above their initial levels on any call observation date. At maturity (if not called), the cash settlement per $1,000 face amount is either $1,000 or $1,000 plus the performance of the lesser performing underlier, which can result in a total loss of principal; aggregate face amount offered is $3,547,000.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to three underliers: the EURO STOXXBanks Index, the State Street Consumer Discretionary Select Sector SPDR ETF and the State Street Energy Select Sector SPDR ETF. The notes have an expected trade date of June 3, 2026, an expected original issue date of June 10, 2026 and an expected stated maturity date of June 11, 2029. Monthly coupons of $9.875 per $1,000 (0.9875% monthly, potential up to 11.85% per annum) are payable only when each underlier on a coupon observation date is at least 60% of its initial level. The notes are automatically called if, on any call observation date, each underlier is at or above its initial level; in that event the holder receives the face amount plus the accrued coupon. At maturity, if not called, payment depends on the lesser performing underlier: if every underlier is >=60% of initial, holders receive principal plus final coupon; if any underlier is <60% of initial, the cash settlement is reduced pro rata by the lesser performing underlier return. The pricing supplement discloses an estimated value at pricing between $925 and $955 per $1,000 face amount and warns of issuer and guarantor credit risk, market, liquidity and tax uncertainties.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to an equally weighted basket of nine common stocks, guaranteed by The Goldman Sachs Group, Inc. The notes have an initial basket level of 100, a trade date of May 29, 2026, an original issue date of June 3, 2026, a call observation date of June 11, 2027 (call payment June 16, 2027) and a stated maturity of June 2, 2028. If the basket closing level on the call observation date is >= 100, notes are automatically called for $1,202 per $1,000 face amount. At maturity, holders receive: (a) $1,000 plus 125% of any positive basket return; (b) $1,000 if the final basket level is between 80% and 100% of the initial level; or (c) a reduced cash amount if the final basket level is below 80%, with a 20% buffer and a 125% buffer rate. The aggregate initial face amount was $7,018,000; estimated value at pricing was approximately $949 per $1,000 face amount. The issue price is 100%, underwriting discount 1.5%, net proceeds to issuer 98.5%. Risks include issuer/guarantor credit exposure, limited liquidity, capped call payoff and model/valuation differences.

GS Finance Corp. offers structured, non-interest bearing notes linked to AMZN, MSFT and AAPL performance. The notes mature on June 5, 2029 but will be automatically called if, on the June 1, 2027 call observation date, each index stock closes at >=90% of its initial price, triggering a $1,285.50 per $1,000 payment on the call payment date. If not called, the cash settlement at maturity depends solely on the lesser performing index stock: 200% upside participation if all final prices exceed initial prices; full face amount if all final prices remain >=50% of initial prices; otherwise losses proportional to the lesser performing index stock return, potentially resulting in losses exceeding 50% of principal. The estimated initial value was about $980 per $1,000 face amount; original issue price was 100% with underwriting discount 0.81% and net proceeds 99.19%.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount will pay a cash settlement at maturity tied to the S&P 500® Futures Excess Return Index performance from an initial level of 609.62 on the trade date. The notes pay no interest, have an upside participation rate of 123%, a 20% buffer (buffer level = 80% of the initial level) and three payoff scenarios described in the terms. The estimated value on the trade date was approximately $966 per $1,000 face amount. The original issue price is 100% of face amount and GS&Co. charges a 0.25% underwriting concession.

GS Finance Corp. is offering structured notes linked to the S&P 500® Index with an aggregate face amount of $3,441,000. Each $1,000 face amount pays no interest and will settle in cash at maturity on the stated maturity date based on the underlier return, subject to a maximum upside settlement amount of $1,173.50 per $1,000.

The notes include a 10% buffer (buffer level = 90% of the initial underlier level of 7,580.06). If the final underlier level is down by 10% or less, investors receive the absolute underlier return; if it is down by more than 10%, the payoff declines by 1% of face for each 1% below the buffer. Trade date is May 29, 2026, original issue date June 3, 2026, determination date August 30, 2027 and stated maturity date September 2, 2027. Investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style notes linked to the Dow Jones Industrial Average, the Nasdaq‑100 and the Russell 2000. For each $1,000 face amount, the notes pay $1,177.50 if all underliers finish at or above their initial levels; otherwise, investors receive the face amount of $1,000 at maturity. The notes pay no periodic interest. The trade date is May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028 and stated maturity date June 2, 2028 (subject to adjustments). Purchasers bear issuer and guarantor credit risk, limited upside (capped at the maximum settlement amount) and tax/timing considerations described in the supplement.

GS Finance Corp. is offering $380,000 aggregate face amount of medium-term notes, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest, reference the S&P 500® Index as the underlier, have a stated maturity date of December 4, 2031 and a determination date of December 1, 2031. Each $1,000 face amount will pay at maturity either the face amount or $1,000 plus the underlier return capped at a $1,520 maximum settlement amount. The original issue price is 100% of face amount, with an underwriting discount of 2% (including up to a 0.55% structuring fee) and net proceeds equal to 98% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the S&P 500 Index with an aggregate face amount of $2,160,000. The notes pay no interest and return at maturity depends on the S&P 500 performance versus an initial level of 7,580.06.

Key payoff mechanics: if the final index level is ≥ initial, you receive participation of 125% of the index gain capped at a maximum cash payment of $1,193 per $1,000 face amount; if the index declines up to 10% (buffer), you receive the absolute decline as a positive return; if the index declines beyond the 10% buffer you suffer losses that reduce principal, potentially substantially. Trade date is May 29, 2026, original issue date June 3, 2026, determination date November 29, 2027, stated maturity December 2, 2027.

GS Finance Corp. offers Trigger Autocallable Notes linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date expected June 5, 2026, an original issue date expected June 10, 2026, and a stated maturity date expected June 10, 2031. The notes may be automatically called on quarterly call observation dates beginning after 12 months if the index closes at or above the autocall barrier, producing a capped cash payment tied to a per annum call return (between 9.80% and 10.50%). If not called, principal repayment at maturity is contingent: holders receive $10 per $10 face amount only if the final index level is at or above the downside threshold of 75.00% of the initial index level; otherwise the cash settlement equals $10 times the index return and investors may lose a substantial portion or all of their investment. Payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers contingent monthly‑coupon, buffered, autocallable notes due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly contingent coupon of $11.334 per $1,000 (1.1334% monthly, potential ~13.60% per annum) when each underlier is ≥80% of its initial level on the related observation date. The notes reference the Dow Jones Industrial Average, the Russell 2000, and the State Street Technology Select Sector SPDR ETF (XLK). If not called, final cash settlement per $1,000 depends solely on the lesser performing underlier versus its 80% buffer: full principal is returned if that underlier is ≥80% of initial level, but losses occur if it is below, with an example showing a 20% final level would produce a $400 payment per $1,000 (a 60% loss). The trade date is May 29, 2026; original issue date June 3, 2026; determination date May 29, 2029.

GS Finance Corp. is offering structured, medium-term notes (aggregate face amount $88,000) fully guaranteed by The Goldman Sachs Group, Inc. The notes reference Alphabet (GOOGL), Meta (META) and NVIDIA (NVDA) and pay no interest. They feature an automatic call on the call observation date if each underlier is at or above its initial level; a called note pays $1,510 per $1,000 on the call payment date. If not called, the cash settlement at maturity depends solely on the lesser performing underlier: upside participation is 400%, a trigger buffer is 60% of initial level, and investors may lose up to their entire investment if the lesser performing underlier falls below the trigger buffer. Key dates include trade date May 29, 2026, original issue date June 3, 2026, determination date May 29, 2029, and stated maturity June 1, 2029.

GS Finance Corp. is offering Fixed Coupon Index-Linked Notes due June 29, 2027 guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $8.334 per $1,000 (0.8334% monthly, ~10% per annum) and reference the Russell 2000® and S&P 500® indices. If, during the measurement period (from the trade date May 29, 2026 to the determination date June 24, 2027), the closing level of any index falls below 75% of its initial level on any trading day (a "trigger event"), the cash settlement at maturity will be based on the lesser performing index and may result in a one-for-one loss of principal equal to the negative return of that index. If no trigger event occurs, holders receive the face amount plus the final coupon. The estimated value on the trade date is approximately $989 per $1,000 face amount. Original issue price is 100% of face; underwriting discount is 0.65%. Aggregate face amount on the original issue date is $1,395,000.

GS Finance Corp. is offering callable, index-linked notes due June 3, 2031 with an aggregate face amount of $1,310,000. The notes are linked to the S&P 500® Futures Excess Return Index (initial level 609.62) and pay no interest.

At maturity the cash payment per $1,000 face amount depends on the final index level on the determination date (May 27, 2031): positive participation at an upside participation rate of 272% if the final level ≥ initial level; a payment equal to the absolute index return if the final level is between 60% and 100% of the initial level; and a negative payoff (loss of principal) if the final level is below 60% of the initial level. The issuer may redeem the notes on specified monthly call payment dates at amounts capped by the listed call premium schedule. The estimated value on the trade date was approximately $966 per $1,000 face amount; original issue price was 100% with an underwriting discount of 1.125%. Investors remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The offered notes are principal-at-risk, cash-settled notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The aggregate face amount is $3,082,000, issued at 100% of face with a 1% underwriting discount. At maturity (stated maturity date June 2, 2028), payment per $1,000 depends on the underlier return and is capped at a maximum upside settlement amount of $1,187.50. A 20% buffer applies: if the final index level declines up to 20% versus the initial level the investor receives the absolute positive return; if the decline exceeds 20% the investor suffers a proportional loss of principal. The notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. priced principal-protected contingent notes linked to the S&P 500 Futures Excess Return Index. Each note has a $1,000 face amount (aggregate offered face amount $200,000) and pays no interest. At maturity on June 1, 2029 (determination date May 29, 2029), payment depends on the final underlier level versus the initial level: if the underlier rises you receive 159% participation of the upside; if it falls up to 10% (the buffer) you receive principal; declines beyond the 10% buffer produce a proportional loss of principal. The notes are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., carry issuance costs (underwriting discount 0.25%), and are intended for investors who accept issuer credit risk, no interest income, limited secondary-market liquidity and complex futures-linked roll/contango risks.

The offered notes are medium‑term notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder Focus ER Index (Bloomberg: GSMBFC5 Index). Aggregate face amount offered: $332,000. The notes mature on June 3, 2033 (determination date May 31, 2033) and include an annual automatic call feature beginning June 2027 with increasing call levels and call premiums. The upside participation rate is 100%; if the notes are not called, pay‑off at maturity equals $1,000 plus $1,000×(index return) if the final index level exceeds the initial index level, otherwise $1,000. The initial index level is 114.14. GS&Co. estimated the notes' value on the trade date at $941 per $1,000 face and disclosed an additional amount of $58.247 that declines to zero on June 3, 2027. The index methodology includes daily rebalancing, a 5% volatility control, momentum risk adjustments and a 0.65% per annum deduction that can materially reduce index returns.