Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering leveraged, buffered notes linked to the S&P 500® Futures Excess Return Index due July 3, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note’s cash payment at maturity is determined by the underlier’s performance from the trade date to the determination date and is payable in cash per $1,000 face amount.

The notes feature an upside participation rate of at least 175%, a buffer level equal to 70% of the initial underlier level (a 30% buffer amount) and a buffer rate of 100%. If the final underlier level is below the buffer level, investors may lose a substantial portion of principal; the notes pay no interest.

GS Finance Corp. is offering leveraged, buffered S&P 500® index-linked notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity for each $1,000 face amount depends on the S&P 500 performance between the trade date and the determination date.

Key economic terms set on the trade date include an upside participation rate of 200% subject to a maximum upside settlement amount of $1,185, a buffer level of 90% (buffer amount 10%), and downside losses that apply if the final level is below the buffer. Trade date is June 8, 2026, original issue date June 11, 2026, determination date June 8, 2028, and stated maturity June 13, 2028. Investors are exposed to issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity a cash settlement tied to the S&P 500 Futures Excess Return Index performance from the trade date (June 30, 2026) to the determination date (June 30, 2031). If the final underlier level exceeds the initial level, holders receive the face amount plus the upside participation rate (at least 218%) times the underlier return. If the final level is between 100% and the trigger buffer level (70% of the initial level), holders receive the face amount. If the final level is below the trigger buffer level, holders suffer a loss equal to the underlier return times the face amount, potentially losing their entire investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Market Linked Securities linked to the S&P 500® Index due July 5, 2028. Each $1,000 face amount security provides 125% upside participation up to a capped maximum return (at least 21.25%) and a 10% buffer on downside; if the index falls more than the buffer, investors have 1-to-1 exposure and may lose up to 90% of face amount. The estimated value at pricing is $925–$955 per $1,000; original offering price is $1,000 with underwriting discounts up to $25.75 per security. Payments are subject to issuer/guarantor credit risk, no interest or dividends are paid, and securities are designed to be held to maturity.

GS Finance Corp. is offering $autocallable contingent coupon index-linked notes due June 7, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of 1.0084% of face ($10.084 per $1,000) when each underlier is at or above a 70% coupon trigger. The notes are automatically called if each underlier is at or above its initial level on a call observation date. At maturity the cash settlement per $1,000 depends solely on the performance of the lesser performing underlier, and investors can lose up to their entire investment if that underlier falls below the 70% trigger buffer. Trade date is June 2, 2026 and original issue date is June 5, 2026. The underliers are the Nasdaq-100, Russell 2000 and S&P 500 indices.

GS Finance Corp. is offering principal-protected-style market-linked notes tied to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest, have an expected stated maturity date of July 2, 2031, and include an automatic call feature beginning on call observation dates in June 2027. If called, holders receive the $1,000 face amount plus a call premium specified for that call date; if not called, maturity payment is based on the underlier return with a $2,200 maximum settlement per $1,000 face amount and a 50% trigger buffer. The underlier applies a 6% per annum daily decrement and may use up to 500% leverage with a 40% volatility target. The estimated value at pricing is between $885 and $935 per $1,000 face amount, which is less than the original issue price.

GS Finance Corp. is offering callable contingent coupon notes linked to the VanEck Semiconductor ETF (SMH) due April 6, 2029, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays a contingent quarterly coupon of at least $43.75 if the underlier's closing level on an observation date is ≥80% of the initial level, otherwise $0. The notes include an 80% buffer level and a 20% buffer amount; cash settlement at maturity depends on the final underlier level and may result in substantial loss of principal. The company may redeem the notes on coupon payment dates commencing January 2027. Trade date is June 30, 2026; original issue date is July 6, 2026.

GS Finance Corp. offers $ Buffered Russell 2000® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity for each $1,000 face amount depends on the Russell 2000® Index return from the trade date to the determination date, subject to a maximum settlement amount of at least $1,255.50 and a 15% buffer (buffer level 85% of the initial underlier level). If the final underlier level is above the initial level, the holder receives $1,000 plus the underlier return up to the cap; if the final level is between the buffer and initial level, the holder receives $1,000; if the final level is below the buffer, losses scale by the buffer rate (approximately 117.65%), and an investor could lose their entire investment. Key dates include a trade date of June 12, 2026, original issue date of June 17, 2026, determination date of September 13, 2027 and stated maturity of September 15, 2027. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers structured, S&P 500®-linked notes with a capped upside and principal protection at maturity. For each $1,000 face amount, the cash payment at maturity will equal $1,000 plus the underlier return if the final index level exceeds the initial level, subject to a $1,135 maximum settlement amount. If the final index level is equal to or below the initial level, investors receive the $1,000 face amount. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and mature on June 2, 2028 (determination date May 30, 2028), with trade date May 28, 2026. The offering price is 100% of face amount with a 0.75% underwriting discount.

GS Finance Corp. prices Market Linked Notes (Nasdaq-100) as a primary offering. The pricing supplement sets an original offering price of $1,000 per note for an aggregate face amount of $3,899,000, with proceeds to the issuer of $3,749,863.25.

The notes return principal at maturity and provide 100% upside participation in the Nasdaq-100 from a starting level of 30,223.89, subject to a maximum return of 28.10% ($281.00), yielding a capped maximum maturity payment of $1,281.00 per $1,000 face amount. The estimated model value at pricing was approximately $949 per $1,000, reflecting underwriting spread, fees and credit spreads.

GS Finance Corp. proposes callable, principal-at-risk notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay a monthly coupon of $12.50 per $1,000 (1.25% monthly; up to 15% per annum) when the index ≥ 60% of the initial underlier level on observation dates. The index applies leverage (up to 500%), a maximum daily leverage change of 100%, and a daily 6.0% per annum decrement, and may be automatically called on certain observation dates beginning in December 2026. Estimated value at pricing is between $885 and $935 per $1,000 face amount; trade and key dates are set-to-be on June 25, 2026 (trade date) and expected maturity on July 2, 2031. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable, equity-linked notes (aggregate face amount $485,000) maturing June 1, 2029, linked to the Class A common stock of Charter Communications, Inc. (initial index stock price $147.26). The notes pay a quarterly coupon of $46.75 per $1,000 (4.675% quarterly) only when the index stock closes at or above 50% of the initial price on coupon observation dates and are automatically called if the index stock closes at or above the initial price on any call observation date (August 2026 through February 2029). At maturity (determination date May 29, 2029), the cash settlement equals $1,000 if the final index stock price is at or above 50% of the initial price; if below 50%, holders receive $1,000 plus the index stock return times $1,000, which can result in receiving less than 50% of face amount and no coupon. The estimated value on the trade date was approximately $958 per $1,000 face amount; original issue price is 100% with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp. is offering $autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 and Russell 2000 indices and pay no interest. They are subject to semi-annual automatic calls; if called, holders receive $1,000 plus a call premium (scheduled at least 11%, 16.5%, 22% or 27.5% on successive observation dates). If not called, the maturity payoff is driven solely by the lesser performing underlier: upside participation is 150% for positive outcomes; a 15% buffer applies (buffer level = 85% of initial level) and losses can be substantial (example: a final underlier level at 21% of initial would produce a cash settlement of 36% of face amount). Trade date is June 25, 2026, original issue date June 30, 2026, and stated maturity July 2, 2029. The notes are unsecured senior debt under the GSFC 2008 indenture; purchasers bear issuer and guarantor credit risk and liquidity risk.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due June 2, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is based on the S&P 500® level from the trade date May 28, 2026 to the determination date May 28, 2031. For each $1,000 face amount, holders receive principal plus a payment only if the underlier return is positive, multiplied by a 95% participation rate; if the final level declines up to 10% (the buffer) the face amount is returned, and if it declines by more than 10% the payoff declines below face amount pro rata.

The pricing supplement shows an aggregate face amount of $294,000 on original issue, an original issue price of 100% of face amount, an underwriting discount of 4.1% and estimated value at pricing of approximately $962 per $1,000 face amount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor; market-making by GS&Co. is not guaranteed and the notes will not be listed.

GS Finance Corp. priced principal-at-risk notes linked to the S&P 500® Index. The notes pay no interest and settle in cash at maturity based on the S&P 500 performance from the trade date to the determination date, with outcomes capped by a maximum settlement amount and protected only above a 90% buffer. The offering sets $1,000 face amount units, an upside participation rate of 125%, a maximum settlement amount of $1,242 per $1,000, and a stated maturity of June 2, 2028. Investors bear issuer/guarantor credit risk, potential principal loss if the final level falls below the buffer, limited upside due to the cap, and uncertain U.S. tax treatment.

GS Finance Corp. priced Market Linked Notes—Upside Participation to a Cap and Principal Return at Maturity linked to an equally weighted basket of the S&P 500® (50%) and the EURO STOXX 50® (50%).

Each $1,000 note pays principal at maturity on December 3, 2029 and, if the basket gains, pays 100% participation in the basket return subject to a maximum return of 25.20% (maximum maturity payment $1,252.00). The pricing date was May 28, 2026; original offering price is $1,000 per note and the estimated value at pricing was approximately $951 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $10,000,000 of Contingent Income Auto-Callable Securities linked to the common stock of Microsoft Corporation. The securities mature on December 1, 2028 but may be automatically called earlier if the closing stock price on any call observation date is at or above the initial share price of $426.99. Each $1,000 security pays a contingent quarterly coupon of $30.375 only when the underlying closing price on a coupon observation date is at or above the downside threshold of $320.2425 (75.00% of the initial share price). If not called and the final share price is below the downside threshold, payment at maturity equals the principal multiplied by the share performance factor (final/initial), exposing investors to losses down to zero. The original issue price is 100% with an underwriting discount of 2.25% and an estimated model value of approximately $968 per security.

GS Finance Corp. offers structured, non‑interest notes linked to TSLA, SHOP and NVDA with automatic call features. The offering has an initial aggregate face amount of $500,000 and an original issue price of 100%. Notes mature on May 31, 2030 but may be automatically called beginning May 28, 2027 if each index stock meets its initial price. At maturity the cash payment is capped (maximum settlement amount $1,472 per $1,000 face amount) and the estimated value on the trade date was approximately $950 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer and guarantor credit risk and to calculation agent discretion.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay, at maturity, either the face amount or a cash payment tied to the S&P 500® Index performance, capped at a maximum settlement amount of $1,286. The trade date is June 25, 2026, the original issue date is June 30, 2026, the determination date is March 25, 2030, and the stated maturity date is March 28, 2030. The notes do not bear interest, are cash-settled, and are subject to the issuer’s and guarantor’s credit risk and various structural, market and tax risks described in the supplement.

GS Finance Corp. is offering Market Linked Notes—Upside Participation to a Cap and Principal Return at Maturity linked to the Dow Jones Industrial Average® with a stated maturity of March 5, 2029. The notes have an original offering price of $1,000 per note and an aggregate face amount shown of $2,732,000. Investors participate at a 100.00% upside participation rate in any positive change of the underlier from a starting level of 50,668.97, subject to a maximum return of 15.60% ($156.00 per note), so the maximum maturity payment is $1,156.00 per $1,000 face amount. The pricing date was May 28, 2026 and the original issue date is June 2, 2026. GS&Co. calculated an estimated value of approximately $957 per $1,000 at pricing; the original offering price exceeds that estimate. Principal is repayable at maturity subject to issuer and guarantor credit risk; there are no periodic interest payments or shareholder rights in the underlier.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, callable notes maturing on June 4, 2031 linked to Class C Alphabet, Caterpillar and Amazon stock performance. Coupons are monthly and binary: a $4.709 maximum or a $0.209 minimum per $1,000 face depending on whether each index stock meets a 70% trigger of its initial price. Notes are automatically called if, on any call observation date beginning May 2027, each index stock closes at or above its initial price (examples: $386.12 GOOG, $887.67 CAT, $274.00 AMZN). The estimated value at pricing was approximately $948 per $1,000 face; original issue price is 100% of face with a 3.75% underwriting discount.

GS Finance Corp. is offering $3,000,000 of medium-term structured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.292 per $1,000 (1.0292% monthly, potential ~12.35% per annum) if each underlier meets its 70% coupon trigger on observation dates. The notes reference three underliers: the Nasdaq-100 Index, the S&P 500 Index and the iShares Russell 2000 ETF (IWM), with initial underlier levels of 30,223.89 (Nasdaq-100), 7,563.63 (S&P 500) and $292.03 (IWM). The notes may be automatically called on a call payment date if every underlier is at or above its initial level on the related call observation date; otherwise the cash settlement at maturity (stated maturity June 1, 2029) will depend solely on the performance of the lesser performing underlier and could result in the loss of your entire investment. Trade date is May 28, 2026 and original issue date is June 2, 2026. The offering is subject to GS Finance Corp. credit risk and various structural, market and tax risks described in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500®-linked medium-term notes that do not pay interest and mature in 2028. The notes pay a cash settlement per $1,000 face amount at maturity equal to the maximum settlement amount of $1,155 if the final underlier level is greater than or equal to a trigger buffer level equal to 80% of the initial S&P 500 level. If the final underlier level is below the trigger buffer level, holders receive $1,000 plus $1,000 times the underlier return, so losses occur on a one-for-one basis and the investor could lose the entire investment. The notes were priced on the trade date of May 28, 2026 with an original issue price of 100% of face amount and a stated maturity of June 2, 2028.

GS Finance Corp. is offering structured notes linked to the S&P 500 Index with an aggregate face amount of $892,000. The notes mature on March 5, 2029 and pay no interest. At maturity the cash payment per $1,000 face amount depends on the underlier return, subject to a 200% upside participation rate and a $1,243 maximum settlement amount. A 15% buffer applies: final underlier levels at or above 85% of the initial level return the face amount, while declines beyond the buffer produce proportional losses. The notes are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to a weighted basket of the S&P 500® Futures Excess Return Index (65%), the MSCI EAFE Index (25%) and the MSCI Emerging Markets Index (10%). The notes have a trade date of May 28, 2026, an original issue date of June 2, 2026, a call observation date of May 31, 2027 (call payment June 3, 2027) and a stated maturity of May 28, 2031.

If the basket closing level on the call observation date is ≥ the initial basket level (100), the notes will be automatically called for $1,120 per $1,000 face amount. If not called, maturity payments depend on the basket return: positive returns pay $1,000 plus 304.2% participation on the basket return; returns between 0% and -30% return $1,000; returns below -30% produce a proportional loss (you could lose most or all principal).

The aggregate original face amount is $574,000 and the estimated value at pricing was approximately $982 per $1,000 face amount. Payments are subject to the issuer's and guarantor's credit risk and various market, currency, roll‑yield and tax risks described in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon medium-term notes linked to the common stock of NVIDIA Corporation ("NVDA"). The pricing supplement states an aggregate face amount of $13,177,000, an initial underlier level of $214.25, a coupon trigger and trigger buffer level of 55% of the initial underlier level, and an automatic call if the underlier closes at or above the initial level on any call observation date. Coupons accrue as a cumulative formula (not exceeding scheduled amounts) and a contingent quarterly coupon equals $32.25 multiplied by the number of coupon observation dates that have occurred, subject to prior coupon payments. If the notes are not called, the cash settlement at maturity depends on the final underlier level: if below the trigger buffer level the investor bears downside proportional to the underlier return and may lose their entire investment; if at or above specified thresholds the cash settlement is capped at principal. Trade date is May 28, 2026, original issue date June 2, 2026, determination date November 29, 2027, and stated maturity December 2, 2027. The original issue price is 100% of face amount, underwriting discount 1.5%, net proceeds 98.5%. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and to market, tax and structural risks described in the supplement.

GS Finance Corp. priced callable, contingent-coupon S&P 500® index-linked notes due July 7, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $18.375 per $1,000 (at least 1.8375% quarterly, 7.35% per annum) when the S&P 500 closing level on the related observation date is at or above 75% of the initial level. If not redeemed, principal at maturity is either $1,000 or $1,000 plus ($1,000 × underlier return) depending on whether the final S&P 500 level is at least the 70% trigger buffer. The issuer may redeem notes on coupon dates beginning July 2027. The trade date is June 30, 2026 and original issue date is July 6, 2026. The notes carry issuer and guarantor credit risk and may result in a total loss of principal if the underlier declines sufficiently.

GS Finance Corp. is offering callable structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (SPAR4V6). Coupons are monthly and paid only if the index closes at or above 60% of the initial level on observation dates. Notes may be automatically called beginning December 2026; maturity is expected July 2, 2031. The index applies volatility-targeting, up to 500% leverage, a 6% per annum daily decrement, and may be significantly uninvested on some days. The estimated value at pricing is $885–$935 per $1,000 face amount; payment at maturity depends on final index performance and issuer credit.

The offered notes are medium-term, structured, cash-settled notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $7,958,000. They pay a contingent monthly coupon of $8.334 per $1,000 (0.8334% monthly, potential up to approximately 10.00% per annum) when each underlier meets an 80% coupon trigger level on observation dates.

Payments at maturity (if not automatically called) depend on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500). A final underlier level below the 70% trigger buffer can cause substantial principal loss, including the loss of the entire investment. The notes are subject to issuer and guarantor credit risk, an underwriting discount of 2.025%, limited secondary-market liquidity, and tax and withholding considerations.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement at maturity tied to the S&P 500 performance measured from the trade date (June 30, 2026) to the determination date (June 30, 2028), with a 20% buffer (buffer level = 80%) and a capped upside of at least $1,187.50 per $1,000 face amount. If the final index level is down but within the buffer, holders receive the absolute decline as a positive return; if the decline exceeds the buffer, losses accrue dollar-for-dollar below the buffer. The notes are unsecured senior debt under a medium-term note program, payable in cash at stated maturity (July 6, 2028), and are subject to issuer and guarantor credit risk, model-based pricing that may exceed estimated value, uncertain U.S. federal tax treatment, and limited liquidity (no exchange listing).

GS Finance Corp. is offering medium-term structured notes linked to Class A common stock of Alphabet Inc. (GOOGL). The pricing supplement shows an aggregate face amount of $523,000 and notes issued in $1,000 face-amount increments at an original issue price equal to 100% of face amount.

The notes mature on May 31, 2030 and are subject to quarterly automatic calls if the closing level of the underlier on a call observation date is greater than or equal to the initial underlier level. Call payments are capped by scheduled call premium amounts. If not called, the cash settlement at maturity depends on the final underlier level versus an 80% buffer level; downside outcomes can cause substantial losses (example: a 20% final level implies a 60% loss on face amount). The notes bear no interest and are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers contingent quarterly-coupon, auto-callable notes linked to Palantir Technologies Inc. (PLTR). Each note has a $1,000 face amount; coupon eligibility on each coupon observation date requires the underlier closing level >= 50% of the initial level ($143.34). If not called, at maturity the cash settlement per $1,000 face amount is $1,000 if the final underlier level is >= 50% of the initial level; otherwise the payment equals $1,000 plus $1,000 × the underlier return, which can result in a total loss of principal.

The notes pay a contingent quarterly coupon of $42 per $1,000 (4.2% quarterly, up to 16.8% per annum) when observation-date conditions are met, are automatically called if the underlier closes >= the initial level on any call observation date, and are unsecured senior obligations guaranteed by The Goldman Sachs Group, Inc. The offering price is 100% with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp. priced medium-term notes, Series F — equity index-linked, auto-callable securities tied to the S&P 500® Index, with a $1,000 face amount per security. The pricing date was May 28, 2026 and the original issue date is June 2, 2026. The securities pay no interest, carry 100% upside participation and a 10% buffer (threshold = 90% of the starting level). If automatically called on the call date, holders receive face amount plus a 9.00% call premium ($90 per security). If not called, maturity payment depends on the ending level on the calculation day (May 29, 2029). The estimated value at pricing was approximately $964 per $1,000 face amount; original offering price was $1,000, with underwriting discount $25.75 and proceeds to issuer $974.25 per security.

GS Finance Corp. priced Trigger PLUS linked to the S&P 500® Index for a stated aggregate principal amount of $26,185,000. The notes mature on June 3, 2032 with a valuation date of May 28, 2032.

Holders receive for each $1,000 principal: if the final index value is greater than the initial index value (7,563.63), a leveraged upside payment equal to 102.00% × index percent increase plus principal; if the final index value is between the initial index value and the trigger level (5,672.7225 = 75.00% of the initial), principal only; if below the trigger level, payment equals $1,000 × (final index value / initial index value), exposing holders to up to a total loss. The estimated value on pricing was approximately $961 per note; original issue price was 100.00% with an underwriting discount of 3.50%.

GS Finance Corp. priced auto-callable, EURO STOXX 50®-linked medium-term notes. The securities have a $1,000 face amount, were priced on May 28, 2026, and have an estimated value of $955 per $1,000 face amount at pricing. They pay no interest, are subject to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and may be automatically called on the call date for a 11.00% call premium. If not called, maturity payoff gives 150.00% upside participation above the starting level but provides a 15% buffer on downside; losses of up to 85% of face amount are possible at maturity.

GS Finance Corp. priced principal-protected, non-interest bearing notes linked to the S&P 500 Index with an aggregate face amount of $2,444,000. The notes pay $1,100 per $1,000 if automatically called on the call observation date; otherwise maturity pays either $1,000 + $1,000 × 110% × underlier return if the final level is above the initial level, or $1,000 if the final level is equal to or below the initial level. The notes do not pay interest, are fully guaranteed by The Goldman Sachs Group, Inc., and reflect an original issue price of 100% with an underwriting discount of 2.25% (net proceeds 97.75%). The trade date is May 28, 2026, original issue date is June 2, 2026, call observation date is May 30, 2028, call payment date is June 6, 2028, determination date is May 29, 2029, and stated maturity is June 5, 2029.

GS Finance Corp. is offering $30,000,000 aggregate face amount of medium-term structured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.625 per $1,000 (1.0625% monthly; up to 12.75% per annum) when each underlier meets a 70% coupon trigger on observation dates, are subject to an automatic call if all underliers are at or above their initial levels on any call observation date, and settle at maturity based on the lesser performing underlier (Nasdaq-100, Russell 2000, EURO STOXX 50). The stated maturity is June 2, 2031, with an original issue date of June 2, 2026. The notes can result in loss of principal if the final level of the lesser performing underlier is below the 70% trigger buffer; payment is cash-settled and holders receive no shareholder rights.

GS Finance Corp. offers contingent quarterly coupon, autocallable notes linked to Zscaler, Inc. ("ZS"). The notes have $740,000 aggregate face amount and $1,000 face amount per note, pay a contingent quarterly coupon of $50.50 ($1,000 face) when the underlier closes at or above 50% of the initial level, and are automatically called if the underlier closes at or above the initial level on any call observation date. At maturity, if not called, cash settlement per $1,000 face equals $1,000 if the final underlier level is at or above 50% of the initial level; if below 50% the cash settlement equals $1,000 + ($1,000 × underlier return), which could result in a total loss of principal. The notes are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., issued June 2, 2026, maturing June 1, 2029, with Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, buffer-style, autocallable notes linked to Microsoft Corporation stock (ticker: MSFT). The pricing supplement (trade date May 28, 2026, original issue date June 2, 2026) lists an aggregate face amount of $522,000 and an original issue price equal to 100% of face amount.

The notes pay no interest, may be automatically called on specified quarterly observation dates if the underlier closes at or above the initial level ($426.99), and have a maturity date of May 31, 2030 with a maturity date premium amount of 40.80%. If not called, maturity payoffs depend on the final underlier level versus an 80% buffer level: full principal is returned if the final level is at or above 80% of the initial level, but losses occur below that buffer and can be substantial (examples show a 60% loss if the final level is 20% of the initial level).

GS Finance Corp. offers principal-protected contingent notes tied to Amazon.com, Inc. (AMZN) with an $515,000 aggregate face amount under a pricing supplement dated May 28, 2026. The notes pay no interest, include quarterly automatic call opportunities with fixed call premiums, and a capped maturity payout of 44.00% above face when the final underlier level is at or above the initial level.

The notes include an 80% buffer (buffer amount 20%) so that if the final underlier level is below the buffer the investor suffers downside linked to the underlier; payments are cash-settled and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside Principal at Risk linked to the common stock of First Solar, Inc. The securities have a $1,000 face amount and mature on June 1, 2029, subject to earlier automatic call.

They pay a contingent quarterly coupon of $38.50 per $1,000 (equivalent to a 15.40% annual contingent coupon) only when the stock closing price meets or exceeds a coupon threshold equal to 50% of the starting price. The starting price is stated as $269.95. If not called, principal at maturity depends on the ending price versus a downside threshold equal to 50% of the starting price, and investors can lose more than 50% or all principal. The issuer estimated the securities' value at the time of pricing at approximately $962 per $1,000, with an original offering price of $1,000 and underwriting discount of $23.25 per security.

GS Finance Corp. proposes principal-protected contingent notes linked to TMUS, ABBV and KMB with expected trade date June 5, 2026 and stated maturity June 12, 2029. Coupons may be paid monthly only if each index stock meets a 70% trigger on coupon observation dates. Notes are automatically called if on any call observation date each index stock is at or above its initial price; called payments equal face amount plus accrued coupon. At maturity, if a trigger event occurs (all final prices below initial prices), payment is tied to the worst-performing stock and may be significantly less than face amount. Estimated model value at terms set is $925–$955 per $1,000 face amount. Payments depend on issuer and guarantor creditworthiness and calculation agent determinations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500 Daily Risk Control 5% USD Excess Return index‑linked notes maturing June 1, 2029. For each $1,000 face amount, holders receive at maturity either (a) $1,000 plus participation of 165% of any positive index return or (b) $1,000 plus the absolute value of any negative index return, subject to a maximum downside settlement amount of $2,000 per $1,000. The initial underlier level is 182.81. Trade date is May 28, 2026; determination date is May 29, 2029. The notes pay no interest, carry issuer and guarantor credit risk, and have an estimated value at issuance of approximately $964 per $1,000 face amount. Original issue price was 100% with an underwriting discount of 2.25%. Purchases at prices other than face amount will change investor returns.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to ServiceNow and Snowflake common stock. The notes mature on June 1, 2029 but are automatically called if both index stocks close at or above initial prices on the call observation date (May 28, 2027), producing a capped call payment of $1,820 per $1,000 face amount. The payout at maturity (if not called) depends on the lesser performing index stock, with an upside participation rate of 200%, a 60% trigger buffer and potential for substantial principal loss if the lesser performing index stock falls below 60% of its initial price. The estimated value on the trade date was approximately $992 per $1,000 face amount and the original issue price is 100% with an underwriting discount of 0.792%.

GS Finance Corp. is offering Market Linked Securities — principal-at-risk notes linked to the Russell 2000® Index with a stated maturity of August 2, 2027. Investors receive 300% of any index gain up to a maximum return of 21.20% ($1,212 per $1,000 face amount). If the index falls, holders have full downside exposure and may lose some or all of principal. Pricing date was May 28, 2026, original issue date June 2, 2026, and the calculation day is July 28, 2027. The estimated model value at pricing was approximately $971 per $1,000 face amount, below the $1,000 original offering price. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; all payments are subject to their credit risk.

GS Finance Corp. is offering leveraged buffered S&P 500® Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face‑amount note returns a cash payment at maturity based on S&P 500 performance from the trade date to the determination date, with a 125% upside participation, a 10% buffer (buffer level 90%), and a maximum settlement amount of at least $1,565. If the final index level falls more than the buffer, losses pro rata to the decline apply and you may lose a substantial portion of principal. Trade date and original issue dates are set for June 29, 2026 and July 2, 2026, with maturity in 2031. The notes pay no interest, are subject to issuer and guarantor credit risk, and may have limited secondary market liquidity.

GS Finance Corp. is offering principal-at-risk notes linked to AppLovin Corporation (Class A) stock, with The Goldman Sachs Group, Inc. guaranteeing payments. The notes have a $1,000 face amount per note, trade date May 28, 2026, original issue date June 2, 2026, and stated maturity June 1, 2029. Coupons of $67.875 per $1,000 (6.7875% quarterly, potential 27.15% annual) are payable only if the index stock closing price on a coupon observation date is at least 50% of $599.89. Notes are automatically called if the index stock closing price on any call observation date is ≥ the initial index stock price ($599.89), in which case holders receive principal plus that coupon. At maturity, if the final index stock price is ≥ 50% of the initial index stock price, holders receive principal plus any final coupon; if the final price is < 50% of the initial price, holders receive a reduced cash settlement that can be substantially below principal, and may lose most or all of their investment. The prospectus shows an estimated value of approximately $954 per $1,000 face amount at issuance and an underwriting discount of 2%. Risks include issuer/guarantor credit risk, limited anti-dilution protections, calculation-agent discretion, limited secondary market liquidity, and potential conflicts from hedging and market-making activities by Goldman Sachs.

GS Finance Corp. offers S&P 500®-linked, principal-at-risk notes maturing June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays no interest and settles in cash at maturity based on the S&P 500 Index performance from the trade date to the determination date.

Returns are: positive up to a capped maximum upside settlement amount of $1,220 per $1,000 if the final level is at or above the initial level; positive equal to the absolute index decline if the final level declines up to 15% (the buffer); and negative beyond the buffer, causing losses to principal. The notes are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering Buffered Russell 2000® Index-Linked Notes due June 21, 2028, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and a 10% downside buffer: losses occur only if the Russell 2000 final level falls more than 10% below the initial level. Upside participation is capped: the cash payment at maturity is capped at $1,330 per $1,000 face. The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk, limited liquidity, and uncertain U.S. federal income tax treatment.