Goldman Sachs Group Inc. 424B Filings

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

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering callable contingent coupon index‑linked notes due August 30, 2029, tied to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index. The notes are fully and unconditionally guaranteed by Goldman Sachs Group Inc. and issued under its Medium‑Term Notes, Series F program.

The notes pay a contingent monthly coupon of $9.375 per $1,000 (0.9375% monthly, up to 11.25% per annum) only if on each observation date all three indices are at or above their coupon trigger level of 75% of initial; otherwise that month’s coupon is zero. Prior to maturity, GS Finance Corp. may redeem the notes in whole on any coupon payment date from March 2027 through July 2029 at $1,000 per note plus any due coupon.

At maturity, if not previously redeemed, investors receive $1,000 per note only if the final level of every index is at or above its 75% buffer level. If any index finishes below its buffer, principal is reduced using a buffer rate of approximately 133.33% based on the worst‑performing index; investors can lose up to 100% of principal. Payments depend on the index performances and the credit of GS Finance Corp. and Goldman Sachs Group Inc.; the notes are unsecured, not listed, and may trade below issue price with limited liquidity.

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

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

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering Autocallable Contingent Coupon Index‑Linked Notes due 2031, fully and unconditionally guaranteed by Goldman Sachs. The notes are linked to the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index.

For each $1,000 face amount, investors may receive a monthly coupon of $8.375 (0.8375% monthly, up to 10.05% per year) only if on the observation date each index is at or above 70% of its initial level. Otherwise, the coupon for that month is $0. Starting August 20, 2027, the notes are automatically called if on a call observation date each index is at or above its initial level, returning $1,000 per note plus any due coupon.

If the notes are not called, principal repayment at maturity in August 2031 depends solely on the “lesser performing” index. If that index’s final level is at or above 60% of its initial level, investors receive full principal; below 60%, repayment is reduced one‑for‑one with the index decline and can fall to $0, meaning a total loss. The notes are unsecured obligations subject to the credit risk of GS Finance Corp and Goldman Sachs, may have limited liquidity, and are initially valued by GS at less than the issue price.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering leveraged buffered notes linked to the EURO STOXX 50® Index, maturing in 2029, under its Medium-Term Notes, Series F program. Each $1,000 note pays no interest and its maturity payment depends on index performance from August 26, 2026 to February 26, 2029.

Investors receive 200% of the index gain, capped at a maximum settlement amount of $1,355 per $1,000 (35.5% maximum return). If the index is down by up to the 15% buffer (to 85% of the initial level), principal is repaid. Below the buffer, losses are 1% of face value for each 1% decline, so a substantial portion of principal can be lost. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent guarantor, may trade below issue price, are not exchange-listed, and have uncertain U.S. tax treatment.

Goldman Sachs Group Inc. (GS), through its subsidiary GS Finance Corp. as issuer and with a full and unconditional guarantee from Goldman Sachs Group Inc., is offering Medium-Term Notes, Series F, linked to the common stock referenced by ticker “QCOM UW.” The aggregate face amount is $350,000, issued at 100% of face with a 1.75% underwriting discount and 98.25% net proceeds to the issuer.

Each note has a $1,000 face amount, pays no interest, and matures on February 23, 2028, with performance measured from an initial underlier level of $165.79 set on August 14, 2026. At maturity, if the final underlier level is at or above the trigger buffer level of 65% of the initial level, holders receive the maximum settlement amount of $1,334.50 per $1,000 face (a capped return). If the final underlier level is below the trigger buffer level, repayment of principal declines one-for-one with the underlier return, and investors can lose up to their entire investment.

Key risks disclosed include the possibility of total loss of principal, no periodic interest, a hard cap on upside, market value sensitivity to underlier performance, interest rates and credit spreads, potential illiquidity, and the credit risk of GS Finance Corp. and Goldman Sachs Group Inc. Tax treatment is uncertain; the notes are expected to be treated as a pre-paid derivative contract for U.S. federal income tax purposes.

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

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

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering medium-term structured notes with an aggregate face amount of $3,655,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference three equity indices: the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.

The notes pay a contingent monthly coupon of $10.167 per $1,000 (1.0167% per month, up to about 12.2% per year) only if, on each observation date, the closing level of every underlier is at least 70% of its initial level. Principal repayment at maturity is also contingent: if, on the determination date, the worst-performing index is at or above 70% of its initial level, investors receive $1,000 per note; otherwise, repayment is reduced one-for-one with the worst index return, and investors can lose their entire investment.

GS Finance Corp. may, at its option, redeem all notes (but not part) at $1,000 per note plus any due coupon on any coupon payment date from November 2026 through July 2028. The notes price at 100% of face amount, with a 0.5% underwriting discount and 99.5% net proceeds to the issuer. Key risks include equity market performance of the three indices, the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited liquidity, and uncertain U.S. tax treatment.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering principal-at-risk notes linked to a weighted basket of the S&P 500 Futures Excess Return Index (65%), MSCI EAFE Index (25%) and MSCI Emerging Markets Index (10%). The notes pay no interest and are scheduled to mature on August 21, 2031, with a possible automatic call on August 23, 2027.

The notes are automatically redeemed for $1,150 per $1,000 face amount if the basket level on the call observation date is at or above the initial basket level of 100. If held to maturity and not called, investors participate in upside at a 252% participation rate on positive basket returns. Capital is protected only down to a 20% basket decline; below that, losses are one-for-one with the basket, potentially up to a full loss of principal. The indicative estimated value at pricing is $885–$925 per $1,000, reflecting upfront costs and dealer economics, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc. (GS), via its subsidiary GS Finance Corp, is offering auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER, maturing on or about September 3, 2032, with principal guaranteed only by the issuer and guarantor’s credit.

The notes pay a conditional monthly coupon of $13.834 per $1,000 (1.3834% monthly, up to ~16.6% per year) whenever the index is at least 70% of its initial level on an observation date; no coupon is paid below that level. If from August 2027 onward the index is at or above its initial level on an observation date, the notes are automatically called at par plus the due coupon. At maturity, if not called, principal is fully protected only if the index is at or above 60% of its initial level; below that, investors lose one-for-one with the index, potentially up to a 100% loss. The underlier uses up to 500% leverage, targets 40% volatility and applies a daily 6% per annum decrement, which consistently drags performance, and the bank estimates the initial economic value at $885–$925 per $1,000 face amount.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering S&P 500®-linked Medium-Term Notes, Series F, with an aggregate face amount of $1,250,000. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. and do not pay periodic interest.

At maturity, for each $1,000 note, investors receive: if the S&P 500 final level exceeds the initial level (7,745.06), $1,000 plus the index return, capped at a maximum settlement amount of $1,132.50; if the final level is between 85% and 100% of the initial level, $1,000; if below 85%, $1,000 plus 100% of the index loss beyond a 15% buffer, down to as little as 15% of face value.

The trade date is August 17, 2026, with stated maturity on December 22, 2027. The original issue price is 100% of face amount, with a 1.75% underwriting discount and 98.25% net proceeds to GS Finance Corp. The notes are unsecured, subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on an exchange, and their estimated initial value is less than the issue price.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering callable contingent coupon notes due August 26, 2030, linked to the Nasdaq-100 Index, S&P 500 Index and VanEck Gold Miners ETF. The notes are fully and unconditionally guaranteed by Goldman Sachs.

Investors receive a monthly contingent coupon of $16.459 per $1,000 (1.6459% monthly, up to about 19.75% per year) only if on each observation date every underlier is at or above its coupon trigger level, set at 75% of its initial level. Principal is protected only down to a trigger buffer level of 60% for each underlier; if any final underlier level is below its trigger buffer, repayment is reduced one-for-one with the worst-performing underlier, potentially to zero.

GS Finance Corp. may redeem the notes at par plus any due coupon on any monthly coupon payment date from August 2027 through July 2030. The filing highlights that the estimated value at pricing will be below the issue price, that secondary-market liquidity may be limited, and that investors are exposed to the credit risk of both the issuer and guarantor, as well as complex tax and ETF/index risks.

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

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Digital S&P 500 Index-Linked Notes under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the S&P 500 Index and have a term expected to be about 46–49 months, with repayment in cash only at maturity and no periodic interest.

For each $1,000 note, investors receive the maximum settlement amounttrigger buffer level

GOLDMAN SACHS GROUP, INC. (GS), via GS Finance Corp., is offering autocallable contingent coupon index-linked notes due August 26, 2031, under its Medium-Term Notes, Series F program. The notes are linked to the Russell 2000 Index and the S&P 500 Index and are fully and unconditionally guaranteed by Goldman Sachs Group, Inc.

Investors may receive a quarterly contingent coupon of $24.375 per $1,000 (2.4375% quarterly, up to 9.75% per annum) only when the closing level of each index on the relevant observation date is at or above 70% of its initial level. The notes are automatically called at par plus the due coupon if, on any call observation date starting February 22, 2027, both indices are at or above their initial levels.

If the notes are not called, principal repayment at maturity depends solely on the “lesser performing” index. If that index’s final level is at least 70% of its initial level, investors receive full principal; otherwise, repayment is reduced one-for-one with the index decline, down to zero, so investors could lose their entire investment. The offering highlights that the issue price exceeds the model-based estimated value, that secondary market prices may be lower, and that investors are exposed to the credit risk of both GS Finance Corp. and Goldman Sachs Group, Inc., as well as uncertain and complex U.S. tax treatment.

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

GOLDMAN SACHS GROUP INC (GS), through issuer GS Finance Corp., is offering leveraged buffered notes linked to the S&P 500 Index, maturing in August 2028 and fully and unconditionally guaranteed by Goldman Sachs. Each note has a $1,000 face amount and pays no interest.

At maturity, if the S&P 500 final level is above the initial level of 7,691.76, investors receive $1,000 plus 200% of the index gain, capped at a maximum settlement amount of $1,252.50 per $1,000. If the index is between 90% and 100% of the initial level (a 10% buffer), investors receive full principal back.

If the index falls below 90% of the initial level, principal is reduced 1-for-1 with the decline beyond the 10% buffer, so investors may lose a substantial portion of their investment. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have limited liquidity, an initial estimated value below the issue price, and uncertain U.S. tax treatment, including potential FATCA and section 871(m) considerations.

Goldman Sachs Group Inc. (GS), via issuer GS Finance Corp., is offering unsecured Buffer Autocallable Securities linked to the S&P 500® Index under its medium-term note program. Each security has a $10 face amount, no coupons and is guaranteed by Goldman Sachs Group Inc.

The notes may be automatically called on the September 3, 2027 call observation date if the index is at or above an autocall barrier set at 100% of the initial index level, paying $10 plus a call return expected between 8.00% and 9.50%. If not called, at maturity on September 2, 2031 investors receive upside one-for-one with the index if it finishes above the initial level; return of principal if the index is between the initial level and a downside threshold of 80.00%; and a loss beyond a 20.00% buffer if the index falls below the threshold.

The minimum purchase is $1,000. The estimated value at pricing is expected between $8.85 and $9.25 per $10, below the 100% issue price, reflecting fees and hedging costs. Any payment is subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc., and there may be limited or no secondary market.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable income notes linked to three “index stocks”: Celestica Inc., Sterling Infrastructure, Inc. and Vertiv Holdings Co. The notes are guaranteed by The Goldman Sachs Group, Inc. and have a stated maturity expected on August 31, 2029, with the trade date expected on August 28, 2026.

Holders receive monthly contingent coupons of $21.667 per $1,000 (about 2.1667% per month, up to roughly 26% per year) only when each stock’s closing price on the observation date is at or above 50% of its initial price. The notes are automatically called if, on specified call observation dates starting in August 2027, each stock is at or above its initial price, in which case investors receive $1,000 per note plus the applicable coupon.

If not called, principal repayment depends on a “trigger event.” If on the final observation date all stocks are below their initial prices and at least one is below 50% of its initial price, repayment is reduced in proportion to the worst-performing stock and can fall to zero, with no coupon. The estimated value at issuance is expected to be $925–$955 per $1,000 face amount, below the 100% issue price.

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

Goldman Sachs Group, Inc. (GS), via issuer GS Finance Corp and a full guarantee from Goldman Sachs Group, is offering unsecured, five-year structured notes linked to the SPDR Gold Trust (GLD) and iShares Silver Trust (SLV). The notes pay no interest and return at maturity depends on the lesser performing ETF over the term.

For each $1,000 note, if both ETFs finish at or above their initial levels, investors receive $1,000 plus 158% of the lesser ETF’s positive return. If any ETF is below its initial level but both are at or above 60% of their initial levels, investors receive principal back. If either ETF finishes below 60% of its initial level, repayment falls one-for-one with the lesser ETF’s loss and investors can lose up to their entire investment. The estimated economic value at pricing is expected to be $885–$925 per $1,000, below the issue price, and all payments are subject to GS Finance Corp. and Goldman Sachs Group credit risk.

GOLDMAN SACHS GROUP INC (GS), via its subsidiary GS Finance Corp, is offering index-linked notes due September 8, 2028, guaranteed by Goldman Sachs. The notes pay no interest and return a cash amount at maturity based on the lesser performing of the Russell 2000 Index and the S&P 500 Index between the expected trade date of September 2, 2026 and the determination date of September 5, 2028.

For each $1,000 face amount, if both indices finish above their initial levels, investors receive $1,000 plus 100% of the lesser index’s gain, capped at a maximum settlement amount of $1,200. If either index finishes at or below its initial level, investors receive the greater of a minimum settlement amount of $950 or $1,000 plus 100% of the lesser index’s return, so principal can be reduced by up to 5%. The payoff depends only on the worst-performing index.

The notes are unsecured obligations of GS Finance Corp, subject to the credit risk of both GS Finance Corp and The Goldman Sachs Group, Inc. The initial estimated value is expected to be $925–$955 per $1,000 face amount, below the issue price, reflecting selling costs and dealer economics. The notes will not be listed, and any secondary market making by Goldman Sachs & Co. LLC is discretionary.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering $832,000 aggregate face amount of unsecured structured notes linked to the MSCI EAFE Index and the EURO STOXX 50® Index under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

For each $1,000 note, payment at maturity on August 22, 2030 depends on the lesser performing underlier from the August 17, 2026 trade date to the August 19, 2030 determination date. If both final underlier levels exceed their initial levels, the payoff is $1,000 plus 215% of the lesser performing underlier return. If any underlier finishes at or below its initial level but at or above 70% of its initial level, investors receive only the $1,000 face amount. If any underlier ends below 70% of its initial level, the payoff equals $1,000 plus $1,000 times that underlier’s return, producing 1-for-1 downside and potential total loss of principal. The notes pay no interest, are not listed on any exchange, and their market value and repayment are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering unsecured Callable Contingent Coupon Index‑Linked Notes due February 29, 2028, linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes are fully and unconditionally guaranteed by Goldman Sachs Group Inc.

The notes pay a contingent monthly coupon of $9.459 per $1,000 (0.9459% monthly, up to about 11.35% annually) only if on each observation date every index is at or above 70% of its initial level. Principal repayment at maturity is also contingent: if, on the final determination date, the worst‑performing index is at or above 70% of its initial level, investors receive $1,000 per note; otherwise, repayment equals $1,000 plus $1,000 times the worst index’s return, which can result in a total loss of principal. The issuer may call the notes at par plus any due coupon on any monthly coupon payment date from November 2026 through January 2028, shortening the investment term. Investors face the credit risk of both GS Finance Corp. and Goldman Sachs Group Inc., potential illiquidity, and an initial estimated note value that is lower than the issue price.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is issuing $7,420,000 of unsecured Trigger GEARS notes linked to the EURO STOXX 50® Index, maturing August 22, 2030 and guaranteed by Goldman Sachs Group, Inc.

Each note has a $10 face amount. If the final index level on August 19, 2030 exceeds the initial level of 6,530.45, the payoff equals $10 plus the index gain multiplied by 1.873 upside gearing. If the final level is between 75% and 100% of the initial level, investors receive only the $10 face amount. Below the 75% downside threshold, repayment falls one-for-one with the index and investors can lose their entire principal.

The notes pay no interest, offer no dividends from index stocks, and may have limited or no secondary market. All payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value at issuance is $9.92 per $10 face amount.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable contingent coupon notes linked to the common stock of three technology companies used as index stocks. Each note has a $1,000 face amount, trade date expected August 21, 2026, original issue date August 28, 2026, and stated maturity date August 28, 2029.

The notes may be automatically called monthly from August 2027 to July 2029 if each index stock is at or above its initial price, in which case investors receive $1,000 plus the accrued contingent coupon. Monthly coupons accrue at $20 per $1,000 (2% per month, up to 24% per annum) but are paid only when every stock is at or above 50% of its initial price on the relevant observation date. Principal is protected at maturity only if a trigger event does not occur, or if it occurs but every stock remains at or above 50% of its initial price; otherwise repayment is reduced in proportion to the worst-performing stock and can fall to zero. The estimated value at pricing is expected to be $925–$955 per $1,000, reflecting embedded fees and model-based pricing, and all payments are subject to the credit risk of GS Finance Corp. and its guarantor, Goldman Sachs Group Inc.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable contingent coupon notes linked to the VanEck Junior Gold Miners ETF (GDXJ), fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a $13.292 monthly coupon per $1,000 face amount (1.3292% monthly, up to approximately 15.95% per annum) only if on each monthly observation date the ETF’s closing level is at or above 60% of the initial level.

The notes may be automatically called beginning September 2, 2027 if on any call observation date the ETF is at or above its initial level; investors then receive $1,000 per note plus the applicable coupon, ending the investment early. If the notes are not called, at maturity on March 7, 2029 investors receive $1,000 per note if the final ETF level is at or above the 60% trigger buffer level, plus any final coupon. If the final level is below 60%, principal is reduced one-for-one with the ETF return and investors can lose up to 100% of principal.

The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., subject to their credit risk. They will not be listed on any exchange, the estimated value on the trade date will be less than the issue price, secondary market liquidity is uncertain, and tax treatment is complex, including potential application of constructive ownership and FATCA rules.

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

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

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

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

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering basket-linked notes due in 2028 that pay no periodic interest and are fully principal-protected with a built-in gain. The cash payment at maturity per $1,000 face amount depends on an equally weighted basket of the EURO STOXX 50® Index, the Nikkei 225 and the S&P 500® Index, measured from the trade date (expected August 21, 2026) to the determination date (expected August 21, 2028).

The initial basket level is 100. If the final basket level is at or below 105% of the initial basket level, investors receive $1,050. If it is between 105% and the cap level of 113.3%, the payoff is $1,000 plus 100% of the basket return. Above 113.3%, the payoff is capped at the maximum settlement amount of $1,133. The notes are unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and their estimated initial value is between $925 and $955 per $1,000, reflecting fees and hedging costs. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of ordinary income over their term.

GOLDMAN SACHS GROUP INC (GS), through its subsidiary GS Finance Corp, is offering Medium-Term Notes, Series F, equity ETF-linked “principal at risk” securities guaranteed by Goldman Sachs. Each security has a $1,000 face amount and is linked to an equally weighted basket of the iShares Biotechnology ETF and State Street Health Care Select Sector SPDR ETF.

The notes pay no interest and return at maturity depends on basket performance. If the basket rises, investors receive $1,000 plus 150% of the basket’s gain, capped by a maximum return of at least 34.70%, so the maximum maturity payment is at least $1,347. If the basket falls by up to the 10% buffer, investors receive $1,000. Below that, losses are 1‑for‑1 beyond the buffer and investors may lose up to 90% of principal. The notes are unsecured obligations of GS Finance Corp, guaranteed by Goldman Sachs, have an expected pricing date of August 21, 2026 and a stated maturity of August 24, 2029, are not listed on an exchange, and have an estimated initial value of $890–$920 per $1,000, below the $1,000 offering price.

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

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering auto-callable, index-linked notes with an aggregate face amount of $1,330,000, tied to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest and mature on August 19, 2031, unless automatically called earlier.

Investors receive at least 100% of face at maturity, plus upside only if the index rises to at least 102.5% of its initial level of 114.55. In that case, the payout is capped at 150.75% of face (maximum settlement $1,507.5 per $1,000). The notes can be automatically called annually from 2027–2030 with call returns from 10.15% to 40.6%. The index uses daily rebalancing, volatility control at 5%, and momentum risk control, and is calculated on an excess-return basis over the federal funds rate, less a 0.65% p.a. deduction. The estimated initial value is about $925 per $1,000 face, after a 1.375% underwriting discount.

GOLDMAN SACHS GROUP INC, through GS Finance Corp, is offering medium-term structured notes linked to the Goldman Sachs Momentum Builder Focus ER Index. The notes have an aggregate face amount of $876,000, no periodic interest, and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The notes may be automatically called on annual observation dates if the index closes at or above an increasing call level, paying $1,000 plus a call premium (from 18.70% to 112.20%) per $1,000. If not called, at maturity on August 18, 2033 investors receive for each $1,000 either $1,000 plus 100% of any positive index return, or $1,000 if the index is flat or down, subject to issuer and guarantor credit risk.

The index is a rules-based, daily rebalanced multi-asset strategy with volatility and momentum risk controls and a 0.65% per annum deduction, often heavily allocated to cash-like positions, which can reduce returns. The original issue price is 100% of face, with a 4.625% underwriting discount; Goldman estimates the initial value at $887 per $1,000. For U.S. tax purposes, the notes are treated as contingent payment debt instruments using a 5.39% comparable yield and a projected payment of $1,458.72 at maturity per $1,000.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is offering medium-term structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER. The notes pay contingent monthly coupons of $18.334 per $1,000 (1.8334% per month, up to ~22% per year) only when the index is at or above 70% of its initial level of 954.15 on the observation date.

The notes may be automatically called quarterly from February 2027 through May 2032 if the index is at or above its initial level, returning principal plus the applicable coupon. If not called, at maturity in August 2032 investors receive principal back as long as the index is at or above the 50% trigger buffer level; below that, repayment falls one-for-one with the index and investors can lose their entire investment.

The underlier is a highly complex, leveraged futures-based index targeting 40% volatility, with exposure up to 500% and a 4% per annum decrement deducted daily, which systematically drags performance versus a similar index without this feature. The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk. The estimated value is $969 per $1,000 at pricing, below the 100% issue price.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp, is offering S&P 500-linked Medium-Term Notes, Series F, with an aggregate face amount of $1,175,000. For each $1,000 note held to maturity, investors receive a cash amount tied to the S&P 500 Index performance from trade date to determination date, subject to a 10% buffer and a capped maximum return.

If the S&P 500 final level is above the initial level, the payoff equals $1,000 plus the index return but is capped at a maximum settlement amount of $1,180 per $1,000. If the index ends between 90% and 100% of its initial level, investors receive full principal. Below 90%, principal is reduced 1-for-1 with index losses beyond the buffer, and investors can lose a substantial portion of principal. The notes pay no interest and are subject to the credit risk of GS Finance Corp as issuer and The Goldman Sachs Group, Inc. as guarantor.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering $1,090,000 aggregate face amount of unsecured notes linked to Advanced Micro Devices and NVIDIA common stock. The notes pay no interest, are guaranteed by Goldman Sachs Group, and mature on August 19, 2031 unless automatically called.

The notes can be automatically redeemed from August 23, 2027 onward if each stock closes at or above its initial price (AMD $514.39, NVIDIA $225.16), paying $1,000 plus a call premium that rises up to 136.8%. If held to maturity and not called, the payoff is based on the lesser performing stock, with a 35% buffer: losses begin only if any stock finishes below 65% of its initial price, then losses exceed that threshold. Upside is capped at a maximum settlement of $2,440 per $1,000 face amount.

Investors face Goldman Sachs issuer and guarantor credit risk, no principal protection below the buffer, and limited liquidity. The initial estimated value is stated as not less than face amount, but secondary market values may be lower and affected by volatility, rates, and credit spreads.

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

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is issuing $8,836,000 of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the EURO STOXX 50® Index, maturing on March 5, 2029. These unsecured notes pay no interest and are guaranteed by Goldman Sachs Group Inc.

For each $1,000 PLUS, investors receive at maturity: 200% of any positive index return, capped at a maximum payment of $1,340 (134% of principal); full principal back if the index is flat or down by up to the 15.00% buffer; and, if the index falls by more than 15%, a loss of 1% of principal for every 1% decline beyond the buffer, subject to a minimum payment of $150 (15% of principal).

The PLUS will not be listed on an exchange. The original issue price is 100% of principal, with a 3.00% underwriting discount and 97.00% net proceeds to the issuer. The initial index value is 6,539.59, and the estimated value at pricing is approximately $971 per PLUS, reflecting structuring and distribution costs. All payments are subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc.

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

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering index-linked Medium-Term Notes, Series F, fully and unconditionally guaranteed by Goldman Sachs. The notes have an aggregate face amount of $1,260,000 and are linked to the MSCI EAFE Index, MSCI Emerging Markets Index and EURO STOXX 50® Index.

Each $1,000 note pays no interest and at maturity (August 19, 2031) returns cash based on the lesser performing underlier. If every underlier finishes above its initial level, investors receive $1,000 plus 265.9% of the lesser underlier’s positive return. If any underlier is at or below its initial level but all remain at or above 70% of their initial levels (the trigger buffer level), investors receive only the $1,000 face amount. If any underlier finishes below its trigger buffer level, repayment is $1,000 plus $1,000 times the lesser performing underlier return, exposing investors to up to 100% loss of principal.

The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on any exchange, and may have limited or no secondary market liquidity. The original issue price is 100% of face amount, with a 4.125% underwriting discount.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering $600,000 of medium‑term structured notes linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes can be automatically called monthly starting November 2027 if each index closes at or above its initial level, paying $1,000 per note plus a fixed call premium (from 17.1885% on the first call date up to 40.1065% on the last).

If not called, the maturity payoff depends solely on the worst‑performing index. For each $1,000 note, investors receive: upside at a 100% participation rate if all indices finish above initial; full principal back if all stay at or above a 70% trigger buffer; or $1,000 times the lesser‑performing index return if any finishes below its 70% buffer, which can mean a total loss of principal. The notes bear no interest, are unsecured obligations subject to the credit risk of GS Finance Corp. and its parent guarantor, may have limited or no secondary market, and have an estimated value on the trade date that is less than the 100% issue price. Tax treatment is uncertain and expected to follow prepaid derivative contract characterization.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering unsecured index-linked notes due August 28, 2031, tied to the Goldman Sachs Momentum Builder Focus ER Index. Each $1,000 note pays at maturity the greater of $1,000 or $1,000 plus 875% of the index return from trade date to determination date.

If the final index level is at or below the initial level, investors receive only the face amount, with no interest and no participation in negative moves; all payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The index uses daily rebalancing, a 5% volatility control, a momentum risk control feature and ongoing deductions, including 0.65% per annum plus an excess-return calculation over the federal funds rate, so large allocations to cash-like positions can significantly dampen index performance. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of ordinary income based on a comparable yield even though cash is only received at maturity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering unsecured, senior, auto-callable notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes with an aggregate face amount of $550,000. The notes pay no interest and may be automatically called on specified monthly dates if each index closes at or above its initial level, in which case holders receive $1,000 per note plus a fixed call premium (starting at 13.5% and rising over time) and the investment ends early.

If not called, the maturity payment depends on the lesser performing index. If all final index levels are above initial, investors receive $1,000 plus 100% of the positive return of the worst index. If any index finishes between its initial level and its 70% trigger buffer level, principal is returned at par. If any index ends below its trigger buffer, repayment is reduced one-for-one with the worst index’s loss, and investors can lose up to 100% of principal. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., the notes are not insured or listed, and secondary market value may be below issue price.

Goldman Sachs Group Inc. (GS), as guarantor of GS Finance Corp., is offering auto-callable index-linked Medium-Term Notes, Series F, with an aggregate face amount of $550,000. The notes are linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index and mature on August 17, 2029, unless called earlier.

The notes pay no interest and may be automatically called on scheduled dates if each index is at or above its initial level, paying $1,000 plus a fixed call premium (starting at 20.6262% and rising to 40.1065%). At maturity, if not called, payment depends on the lesser performing index: full upside participation above initial levels, full principal return if all remain at or above a 70% trigger buffer, and 1:1 downside exposure below that buffer, with the possibility of a 100% loss of principal.

The original issue price is 100% of face amount, with a 0.5% underwriting discount and 99.5% net proceeds to GS Finance Corp. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs Group Inc., and are subject to the credit risk of both entities.