Goldman Sachs Group Inc. 424B Filings

The issuer, GS Finance Corp., is offering structured, non-interest bearing principal-protected notes linked to the S&P 500® Index with an aggregate face amount of $4,350,000. The notes pay a cash settlement at maturity on June 11, 2027 based on the underlier return measured from the trade date (May 26, 2026) to the determination date (June 8, 2027).

Key economics: $1,000 face amount per note, a 10% buffer (buffer level = 90% of the initial underlier), a buffer rate of ~111.11%, and a capped maximum payout of $1,132 per $1,000 face amount. If the final level is below the buffer level, losses magnify by the buffer rate and you could lose your entire investment; notes do not pay interest and are guaranteed by The Goldman Sachs Group, Inc..

GS Finance Corp. is offering principal-at-risk notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a stated maturity date of June 10, 2030 and a face amount of $1,000 per note. Coupons may be paid monthly only if the index on an observation date is at least 70% of the initial underlier level; otherwise no coupon is paid for that payment period. The notes will be automatically called on a call observation date if the index closing level is greater than or equal to the initial underlier level of 527.96, in which case holders receive the face amount plus the accrued coupon on the related call payment date. The index applies a fixed 6.0% per annum decrement, a 40% volatility target, and may apply up to 500% leverage, all of which are described in the pricing supplement.

GS Finance Corp. offers medium-term principal-at-risk notes linked to the Russell 2000, EURO STOXX 50 and the State Street® Utilities Select Sector SPDR® ETF. Each $1,000 note pays no interest and will return either the maximum settlement amount of $1,110 if every underlier finishes at or above its trigger buffer (70% of initial level), or a cash payment equal to $1,000 plus the lesser performing underlier return applied to $1,000 at maturity. The notes reference an initial issue price of 100% of face amount, trade date May 26, 2026, original issue date May 29, 2026, determination date June 28, 2027 and stated maturity date July 1, 2027. Investors bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., market risk tied solely to the lesser performing underlier, and may lose their entire investment if that underlier falls below its trigger buffer.

GS Finance Corp. is offering market-linked, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc. The offering has an aggregate face amount of $2,284,000 and a stated maturity date of March 1, 2029. Payments at maturity are cash-settled and tied to the performance of the S&P 500® Index from the trade date to the determination date. For each $1,000 face amount you will receive either the face amount or, if the final underlier level exceeds the initial level, $1,000 plus the underlier return subject to a maximum settlement amount of $1,195. The notes pay no periodic interest. The trade date is May 26, 2026, original issue date is May 29, 2026, and the determination date is February 26, 2029. For U.S. federal tax purposes the issuer has determined a comparable yield of 4.6362%, with a projected payment at maturity of $1,136.84 based on a $1,000 investment.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes return a leveraged upside (200% participation) subject to a maximum settlement amount of at least $1,227.50 per $1,000 face amount and provide a 10% buffer (buffer level 90% of initial) that preserves principal only if the final index level is within the buffer. If the S&P 500 falls more than the buffer, holders lose pro rata principal and the notes pay no interest. Trade date is June 30, 2026, original issue date July 6, 2026, determination date June 30, 2028, and stated maturity July 6, 2028.

The pricing supplement emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited secondary market liquidity, and that the original issue price exceeds the estimated value per the dealers pricing models. Tax characterization is uncertain and Sidley Austin LLP expresses an opinion that the notes may be treated as pre-paid derivatives for U.S. federal income tax purposes.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, market‑linked notes linked to the Russell 2000 and S&P 500. The notes pay a contingent quarterly coupon of 2.1875% per quarter (up to 8.75% per annum) when each underlier meets its coupon trigger (70% of initial level).

At maturity (stated maturity May 29, 2031), if not earlier redeemed by the issuer, the cash settlement per $1,000 face amount is either $1,000 (if each final underlier ≥ its trigger buffer of 60%) or $1,000 plus $1,000 × the lesser performing underlier return; if the lesser performing underlier falls below its trigger buffer you can lose most or all of your investment. The issuer may redeem on coupon payment dates beginning June 2027. The notes are senior debt under the GSFC 2008 indenture; CUSIP US40054RJW25.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500 Index that may be automatically called or pay a variable cash settlement at maturity. The offering has an aggregate face amount of $9,906,000 and an original issue price of 100% of face amount. If the closing level of the S&P 500 on the call observation date is at or above the initial level, the notes will be automatically called and pay $1,100 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity depends on the final index level: investors receive upside participation at 168% for positive returns, full principal if the final level is at or above 85% of the initial level, or a loss calculated using the disclosed buffer rate (~117.65%) that can result in a total loss of invested principal. The notes pay no interest and are subject to the credit risk of GS Finance Corp. and its guarantor. Terms include trade date May 26, 2026, original issue date May 29, 2026, determination date May 26, 2028, and stated maturity June 1, 2028.

GS Finance Corp. offers structured medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to four index stocks. The notes have a $1,000 face amount per note, aggregate original face amount of $2,298,000, trade date May 26, 2026, original issue date May 29, 2026 and stated maturity June 3, 2031. Coupons are monthly and binary: the maximum coupon is $6.959 per $1,000 (0.6959% monthly, ~8.35% p.a.) if each index stock is >= 70% of its initial price on an observation date; otherwise the minimum coupon is $0.209 per $1,000 (0.0209% monthly, ~0.25% p.a.). The notes are automatically called if, on a call observation date, each index stock is >= its initial price; estimated value at pricing was approximately $954 per $1,000 face amount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑linked notes due May 29, 2031 with an initial aggregate face amount of $623,000. The notes do not pay interest; principal repayment at maturity depends on the final underlier level measured from the trade date May 26, 2026 to the determination date May 21, 2031. The notes provide 175% upside participation if the final underlier level exceeds the initial level of 604.90, return principal if the final level is between 80% and 100% of the initial level, and expose holders to losses below 80% (a 20% buffer). The issuer may redeem the notes on specified monthly call dates beginning June 1, 2027, at defined call premiums. The estimated value on the trade date was approximately $926 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to three individual stocks: Alphabet Class C, Meta Class A and NVIDIA. The notes pay $1,230 per $1,000 if all three stocks are >= 90% of their initial prices on the call observation date, May 26, 2028, and otherwise pay at maturity on June 3, 2031 an amount tied to 1.25 times the lesser performing stock's return (subject to a floor of the face amount).

The trade date is May 26, 2026, original issue date May 29, 2026, aggregate face amount initially $692,000, and the estimated value at pricing was approximately $929 per $1,000 face amount. The notes carry issuer and guarantor credit risk and have capped call and maturity payoffs; GS&Co. is the calculation agent with broad discretion over price determinations and anti‑dilution adjustments.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering medium‑term, non‑interest bearing structured notes linked to the S&P 500® Index. The notes pay at maturity either the face amount ($1,000) or, if the final index level exceeds the initial level, a cash payment equal to $1,000 plus the underlier return up to a $1,278 maximum per $1,000 face amount. Key dates include a trade date of May 26, 2026, original issue date May 29, 2026, determination date May 28, 2030 and stated maturity May 31, 2030. The offering lists an aggregate face amount of $1,292,000, an original issue price of 100% of face amount and an underwriting discount of 3.55%. The comparable yield for tax accruals is stated as 4.76% per annum, with a projected payment at maturity of $1,210.62 based on a $1,000 investment.

GS Finance Corp. priced callable notes linked to the VanEck Semiconductor ETF (SMH). The notes have an $1,000 face amount per unit, trade date May 26, 2026, original issue date May 29, 2026 and stated maturity February 28, 2029, subject to the company’s redemption right. Coupons of $32.5 per $1,000 (3.25% quarterly; up to 13% per annum) are payable on a coupon date only if the underlier closing level on the related observation date is at least 80% of the initial underlier level of $602.14. At maturity the cash settlement equals $1,000 if the final underlier level is at or above the buffer level (80%). If the final underlier level is below the buffer level, the cash settlement will decline by the underlier return in excess of the 20% buffer, causing potential substantial loss of principal. The estimated value on the trade date was approximately $938 per $1,000 face amount. The offering bears the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and includes an underwriting discount of 3%.

GS Finance Corp. priced structured, non‑interest bearing notes linked to the Dow Jones Industrial Average and the S&P 500. For each $1,000 face amount, redemption at maturity will pay either $1,000 or $1,000 plus the lesser performing underlier return, capped at a maximum settlement amount of $1,503.20. The notes mature on May 30, 2031 (determination date May 27, 2031), have an original issue price of 100% of face, an underwriting discount of 3.5%, and aggregate face amount of $1,181,000. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk, model valuation discounts, limited upside due to the cap, no interest payments, and special tax rules for contingent payment debt instruments.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures Excess Return Index. The offering has an aggregate face amount of $4,498,000, an upside participation rate of 121%, a trade date of May 26, 2026, original issue date May 29, 2026, determination date May 27, 2031 and stated maturity May 30, 2031. The notes pay no interest and will pay at maturity either the face amount or $1,000 plus $1,000 × 121% × underlier return if the final underlier level exceeds the initial level. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk. The original issue price is 100% of face amount; underwriting discount is 3.99% (net proceeds to issuer 96.01% of face amount). Tax treatment: the notes are treated as contingent payment debt instruments with a comparable yield of 4.86% per annum and a projected payment at maturity of $1,275.90 per $1,000 for U.S. federal income tax purposes as set by the issuer.

GS Finance Corp. is offering medium-term structured notes, guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder® Focus ER Index with an upside participation rate of 425%. Each note has a $1,000 face amount (aggregate face amount $1,074,000) and pays at maturity either the face amount or, if the final index level exceeds the initial index level (initial index level 113.93), $1,000 + $1,000 × 425% × index return. The notes do not bear interest, are subject to issuer and guarantor credit risk, and mature on November 29, 2029 (determination date November 26, 2029). The index applies daily rebalancing, a 5% realized volatility control, and a 0.65% per annum deduction, which can materially reduce index returns; the pricing supplement shows an original issue price equal to face amount with a 3.18% underwriting discount.

GS Finance Corp. is offering Index-Linked Notes due July 1, 2027 (aggregate face amount $5,000 on original issue date) guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the lesser performing of the Russell 2000® and the S&P 500® measured from the trade date May 26, 2026 to the determination date June 28, 2027. Key terms: 100% upside participation subject to a maximum settlement amount of $1,180 per $1,000, a buffer level of 90% (10% buffer amount) and a payoff that converts negative lesser returns within the buffer to positive absolute returns; losses occur if the lesser performing underlier falls below its buffer. The estimated value at pricing was approximately $970 per $1,000 face amount and the original issue price was 100% with an underwriting discount of 2.225%.

GS Finance Corp. is offering two separate buffered index-linked notes guaranteed by The Goldman Sachs Group, Inc. linked to the S&P 500® and the Russell 2000®. Trade date terms set on May 26, 2026, original issue date May 29, 2026, stated maturity May 30, 2031. Each $1,000 face amount participates at 100% up to a cap: maximum settlement amounts are $1,750 (SPX tranche) and $2,050 (RTY tranche). Each tranche provides a 15% buffer (buffer level = 85% of initial level) below which holders suffer losses; if final index level is between initial and buffer levels, principal is returned. Aggregate initial face amounts are $2,550,000 (S&P 500) and $2,147,000 (Russell 2000). Estimated values at pricing were $962 and $951 per $1,000 face amount; original issue price = 100% of face with underwriting discounts of 4.125% and 3.65%.

GS Finance Corp. is offering notes in an aggregate face amount of $380,000 linked to an ordinary share of Seagate Technology Holdings. The notes pay a quarterly coupon of $100 per $1,000 face amount (10% per quarter) if the index stock closing price on a coupon observation date is at least 60% of the initial index stock price of $845.76. The notes mature on June 1, 2029 unless automatically called on specified observation dates beginning in August 2026; an automatic call occurs if the index stock closing price on a call observation date is greater than or equal to the initial index stock price. At maturity, if not called, the cash settlement amount per $1,000 depends on the index stock return measured from $845.76 to the final index stock price on the determination date (May 29, 2029), with a trigger buffer at 60% of the initial index stock price: if the final index stock price is below that buffer, holders suffer a proportional loss of principal based on the index stock return. The estimated value on the trade date is approximately $960 per $1,000; original issue price is 100% with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp. is offering autocallable index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000 and the S&P 500. They pay no interest and may be automatically called on the call observation date (June 30, 2027) if each underlier is at or above its initial level, in which case the call payment per $1,000 face amount will be at least $1,130. If not called, the cash payment at maturity (stated maturity date July 10, 2028) is determined solely by the lesser performing underlier on the determination date (June 30, 2028). Key terms: upside participation rate 200%, buffer level 85% (buffer amount 15%, buffer rate 100%). The notes are subject to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may trade illiquidity, and holders have no shareholder rights in the underliers. A provided hypothetical shows a 21% final underlier level could produce a 36.0% cash settlement (a 64.0% loss versus face amount).

GS Finance Corp. issues structured medium-term notes linked to the S&P 500® Futures Excess Return Index with a stated maturity of May 30, 2031 and a determination date of May 27, 2031. For each $1,000 face amount, the cash settlement equals either (1) a $1,500 threshold settlement amount or (2) $1,000 plus a payoff tied to the underlier return depending on where the final underlier level sits relative to the initial level and a 70% trigger buffer. If the final underlier level is below 70% of the initial level, losses are linear to the underlier decline and you may lose your entire investment. The notes pay no periodic interest and are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The issue aggregates $1,599,000 face amount, original issue price is 100% of face amount, underwriting discount is 4.125%, and net proceeds to the issuer are 95.875% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to CrowdStrike Class A common stock (CUSIP: 40054R6D8). The notes pay a monthly coupon of $12.667 per $1,000 face (1.2667% monthly) only if the closing stock price on an observation date is at least 56% of the initial index stock price of $671.55. The notes auto-call if the stock closing price on a call observation date is greater than or equal to the initial index stock price; if called, holders receive the face amount plus the coupon then due. If not called, final principal at maturity depends on the index stock return on the determination date (June 28, 2027) and may be significantly less than face amount (investors can lose most or all principal if final stock price is below 56% of the initial price). Trade date is May 26, 2026, original issue date May 29, 2026, stated maturity July 1, 2027. The estimated value on the trade date was approximately $958 per $1,000 face amount, original issue price 100% and underwriting discount 2.15%.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to an equally weighted basket of CrowdStrike, Microsoft, Palo Alto Networks and Snowflake. The notes have an original issue price of $1,000 per face amount, aggregate face amount of $7,473,000, original issue date May 29, 2026, a stated maturity of June 1, 2028 and an automatic call observation on June 8, 2027.

If the basket closing level on the call observation date is greater than or equal to the initial level (100) the notes will be automatically called and pay $1,241 per $1,000 face amount on the call payment date. If not called, final payment at maturity depends on the basket return: upside participation is 125%, there is a 15% buffer (buffer level = 85%) and the buffer rate equals ~117.65%. The estimated value on the trade date was approximately $944 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so payments are subject to issuer and guarantor credit risk.

GS Finance Corp. offers structured, S&P 500®-linked notes with a 2031 maturity and a stated aggregate face amount of $805,000. The notes pay no interest and settle in cash at maturity based on the S&P 500 Index performance, with a 10% buffer (buffer level = 90% of initial) and a capped payout at the maximum settlement amount of $1,974 per $1,000 face amount. The notes were issued at 100% of face amount with a 3.55% underwriting discount; proceeds to the issuer equal 96.45% of face amount. Credit risk rests with GS Finance Corp. and The Goldman Sachs Group, Inc.; the cash settlement formula depends on the initial level 7,519.12 and the final closing level on the determination date.

GS Finance Corp. is offering principal-protected, three-year notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $3,120,000. Each $1,000 note pays at maturity either the face amount or, if the index rises, $1,000 plus 390% of the index return. The index starts at 113.93 (trade date May 26, 2026), measures excess returns net of the federal funds rate and a 0.65% per annum deduction, and may allocate substantially to hypothetical cash positions that earn zero on an excess return basis. The notes do not bear interest, are unsecured senior debt of GS Finance Corp., and are fully guaranteed by The Goldman Sachs Group, Inc. Tax treatment is as contingent payment debt instruments with a disclosed comparable yield of 4.66% per annum.

GS Finance Corp. priced a $10,000,000 offering of Contingent Income Buffered Auto-Callable Securities linked to Eli Lilly and Company common stock. The securities pay a contingent monthly coupon (set at $14.80 per $1,000 accrual basis) only when the underlying closes at or above an 80.00% buffer price ($852.00) and may be automatically called if the underlying closes at or above the initial share price ($1,065.00) on any call observation date. If not called, at maturity the payment is $1,000 if the final share price is at or above the buffer price; if below the buffer price, investors lose 1.25% of principal for every 1% decline beyond the buffer. The securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and have an estimated value of approximately $997 per $1,000 principal amount.

GS Finance Corp. is offering medium-term structured notes (pricing supplement) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $441,000. Each $1,000 face amount participates at an 300% upside participation rate and may be automatically called on the call observation date if the index closes at or above the initial index level.

If automatically called, the call payment is $1,125 per $1,000 face amount on the call payment date. If not called, at maturity the cash settlement per $1,000 equals either principal plus the indexed upside (if the final index level exceeds the initial index level) or $1,000 if the final index level is equal to or below the initial index level. Trade date was May 26, 2026, original issue date May 29, 2026, and stated maturity June 3, 2031. The estimated value on the trade date is $907 per $1,000 and the original issue price is 100% with an underwriting discount of 3.96%.

GS Finance Corp. is offering structured, cash-settled notes linked to the S&P 500® Futures Excess Return Index. Each $1,000 note pays at maturity either the face amount, a capped upside return (200% participation up to a $1,363 maximum), or a loss if the underlier falls more than the 10% buffer. Trade date is May 26, 2026, original issue date May 29, 2026, determination date November 27, 2028, and stated maturity November 30, 2028. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering structured, non‑interest 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 an original issue date of June 2, 2026, a stated maturity of May 30, 2031 and an automatic call observation on May 24, 2027. If automatically called, each $1,000 face amount pays $1,140 on the call payment date. At maturity, investors receive either principal plus participation (the upside participation rate is 200%) if the final basket level exceeds the initial basket level (initial basket level = 100), principal only if the final basket level is between 60% and 100% of the initial level, or a pro rata principal loss if the final basket level is below 60% (the trigger buffer). The pricing supplement shows an aggregate face amount of $535,000 on the original issue date, an original issue price of 100%, an underwriting discount of 1%, net proceeds of 99% and an estimated value at pricing of approximately $978 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 issuer and guarantor credit risk, futures roll/negative carry on the S&P futures component, foreign market and currency risks for MSCI components, tax uncertainty, limited liquidity and market‑disruption mechanics described in the supplement.

GS Finance Corp. is offering structured notes guaranteed by The Goldman Sachs Group, Inc. linked to the common stock of ServiceNow, Inc. The notes have a $1,000 face denomination, trade date May 26, 2026, original issue date May 29, 2026, and stated maturity May 31, 2030.

The notes pay a fixed coupon of $28.125 per $1,000 (2.8125% quarterly, up to 11.25% per annum) and will be automatically called on a call payment date if the closing price of ServiceNow stock on any call observation date is greater than or equal to the initial index stock price of $99.92. At maturity, if not called, the cash settlement depends on the index stock return measured from the initial index stock price to the final index stock price, with a trigger buffer price equal to 50% of the initial index stock price; negative returns below -50% reduce principal pro rata. The estimated value on the trade date was approximately $955 per $1,000, while the original issue price is 100% of face (underwriting discount 3.1%, net proceeds to issuer 96.9%).

Payments are subject to the credit risk of GS Finance Corp. and the guarantor, and GS&Co., as calculation agent, has discretion over pricing adjustments, observation/determination postponements and anti-dilution adjustments.

GS Finance Corp. is offering Index‑Linked Notes due June 1, 2029 guaranteed by The Goldman Sachs Group, Inc., linked to the lesser performing of the Russell 2000® and the S&P 500®. The notes do not pay interest; principal repayment at maturity depends on the lesser performing index return measured from the trade date (May 26, 2026) to the determination date (May 29, 2029). An upside participation rate of 105% applies to positive or zero lesser performing returns. A buffer of 15% (85% buffer level) changes payoff math: if the lesser performing index return is below -15%, the cash settlement equals $1,000 × (lesser performing return + 15%), which can produce substantial losses. The pricing supplement states an estimated value of approximately $963 per $1,000 face amount on the trade date and an original issue price of 100% of face amount with an underwriting discount of 3.13%.

Key economic risks: no interest, credit exposure to the issuer and guarantor, potential for large principal loss if the lesser performing index falls below its buffer level, limited secondary market liquidity, model‑based estimated value below issue price, and tax treatment uncertainty.

GS Finance Corp. is offering indexed, principal‑at‑risk medium‑term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the S&P 500® Futures Excess Return Index. Each $1,000 note returns either the face amount or a positive return equal to the 158.2% upside participation rate times the underlier return if the final underlier level is above the initial level. If the final underlier level is between 70% and 100% of the initial level you receive the face amount; if it is below 70% (the buffer level) you incur downside loss equal to 1% of face for each 1% the final level is below the buffer, potentially losing a substantial portion of principal. The notes pay no interest, mature on May 30, 2031 (determination date May 27, 2031), and have an aggregate face amount of $3,492,000. The original issue price equals 100% of face, with a 3.55% underwriting discount (net to issuer 96.45%).

GS Finance Corp. offers structured, non‑interest bearing notes linked to an equally weighted basket of six stocks with a stated maturity of June 1, 2028 and an automatic call feature on June 8, 2027. Each $1,000 face amount will pay $1,198.50 if automatically called. At maturity the cash payment varies: if the basket return is positive you receive $1,000 plus 125% of the basket return; if the basket return is between 0% and -15% you receive $1,000; if below -15% the payment is reduced using a 15% buffer and a buffer rate of approximately 117.65%. The notes expose holders to issuer/guarantor credit risk, potential limited liquidity, and an estimated initial value of approximately $947 per $1,000 face amount on the trade date.

GS Finance Corp. offers $7,640,000 aggregate Autocallable Buffered S&P 500® Index-Linked Notes due June 1, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest and may be automatically called on the call observation date June 8, 2027 if the S&P 500 closing level is greater than or equal to the initial level of 7,519.12, in which case each $1,000 face amount pays $1,097.5 on the call payment date June 11, 2027. If not called, maturity payment on May 26, 2028 depends on index performance: upside participation is 125% for nonnegative returns, returns between 0% and -15% convert to the absolute positive return, and declines beyond -15% are exposed to a buffer rate of approximately 1.1765%, which can result in substantial loss up to the full investment. The original issue price is 100% with an underwriting discount of 1.5% and an estimated value on the trade date of approximately $982 per $1,000 face amount.

GS Finance Corp. offers autocallable index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index) with a trade date of June 29, 2026 and a stated maturity of July 7, 2033. The notes pay no periodic interest, have a 100% upside participation rate, and are subject to annual automatic call observations with increasing call levels and call premiums; if not called, the maturity payment depends on the index return. The index applies a 0.65% per annum deduction and may allocate material exposure to hypothetical cash positions under volatility and momentum controls, which can limit upside. The estimated value on the trade date is stated at $850 to $890 per $1,000 face amount.

GS Finance Corp. offers principal-protected, non‑interest notes linked to an equally weighted basket of six stocks, maturing May 29, 2031 subject to optional monthly redemption beginning June 1, 2027. At maturity the cash payment per $1,000 face amount depends on the basket return: a positive return pays $1,000 plus 150% participation in upside, a final basket level between 70% and 100% returns principal only, and deeper losses below the 70% trigger buffer produce a pro rata loss of principal. The trade date is May 26, 2026 and the prospectus lists an estimated value of approximately $894 per $1,000 face amount and an underwriting discount of 4.125%.

Key structural features include anti‑dilution adjustments, a calculation agent (Goldman Sachs & Co. LLC) with discretion over pricing and postponement for market disruption events, and credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc. The notes may be redeemed at issuer option on specified call payment dates at capped call premiums shown in the supplement.

GS Finance Corp. is offering notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an aggregate face amount of $1,000,000 on the original issue date. The notes mature June 10, 2030, unless automatically called on monthly observation dates beginning December 2026.

Coupons (monthly accruals) are payable only if the index on an observation date is at or above 75% of the initial underlier level; an automatic call occurs if the index equals or exceeds the initial level of 527.96. The index applies up to 500% leverage subject to a 6.0% per annum decrement, which is deducted daily and will reduce index performance. The estimated value at pricing was approximately $948 per $1,000 face amount.

Goldman Sachs (GS) provided an index supplement describing the S&P 500® Volatility Plus Daily Risk Control Index (Bloomberg: SPXVPRCU), a daily‑rebalanced index that targets leveraged exposure to the S&P 500® with a minimum exposure of 100% and a maximum exposure of 200%. The index launched on March 21, 2022 and uses a dynamic volatility target equal to the S&P 500® realized volatility plus 10%, subject to a two‑business‑day measurement lag. The supplement discloses historical and hypothetical performance through May 1, 2026, including a reported index exposure of 169.71% on that date and a 1‑year price return of 46.40% with annualized volatility of 21.65%. The document emphasizes that pre‑launch data are hypothetical and warns investors of credit risk, levered exposure risks, limited operating history, and that volatility targets and past performance do not guarantee future results.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. The offering has an aggregate face amount of $590,000, an upside participation rate of 121.3%, a trade date of May 26, 2026, an original issue date of May 29, 2026, a determination date of May 27, 2031 and a stated maturity date of May 30, 2031.

The notes pay, per $1,000 face amount, $1,000 + ($1,000 × 121.3% × underlier return) if the final underlier level exceeds the initial level; otherwise they pay the face amount. The original issue price is 100% of face, with a 3.55% underwriting discount and 96.45% net proceeds to the issuer. The notes are cash‑settled, do not bear interest, and are subject to issuer and guarantor credit risk and futures‑linked risks such as negative roll yield and market disruption provisions.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, payment at maturity depends on the underlier return, an upside participation rate of 111.5%, and a 15% buffer (buffer level 85%). If the final underlier level is below the buffer level you can lose a substantial portion of principal; if the final level is below the initial level but within the buffer you receive the absolute underlier return as a positive payout. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. and were issued at 100% of face amount with a 2.75% underwriting discount. The stated maturity date is November 30, 2028 and the determination date is November 27, 2028.

GS Finance Corp. is offering structured medium-term notes linked to Alphabet Inc. Class C stock, guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $7,651,000, an original issue price of 100% of face amount and an underwriting discount of 2.15%. They pay a contingent monthly coupon of $9.084 per $1,000 if the underlier closes at or above 70% of the initial level on each observation date, and include an automatic call if the underlier closes at or above the initial level on a call observation date. If not called, the cash settlement at maturity depends on the underlier return versus the initial underlier level of $384.84; losses can be total if the final underlier level is below the 70% trigger buffer. The stated maturity date is July 1, 2027. The notes are not exchange-listed and are subject to issuer and guarantor credit risk, market-value variability, limited liquidity and uncertain U.S. tax treatment.

GS Finance Corp. is offering callable S&P 500® Index-linked notes due June 1, 2032 guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an initial underlier level of 7,519.12 (trade date May 26, 2026) and a determination date of May 24, 2032. At maturity holders receive $1,000 per face amount plus the product of the upside participation rate (100%) and the underlier return if the final level exceeds the initial level; otherwise holders receive $1,000. The issuer may redeem in whole on specified monthly call payment dates beginning June 1, 2027 at par plus a specified call premium (first call premium 9%), as set in the supplement.

Key economics: original issue price 100% of face, underwriting discount 4.125%, net proceeds to issuer 95.875%, and an estimated value at pricing of approximately $953 per $1,000 face amount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor. Tax treatment is as contingent payment debt instruments (comparable yield 4.965%).

GS Finance Corp. is offering callable buffered notes linked to the S&P 500® Futures Excess Return Index with a stated maturity of May 29, 2031. For each $1,000 face amount, holders at maturity receive a cash settlement tied to the index return measured from the trade date (May 26, 2026) to the determination date (May 21, 2031). The notes have an upside participation rate of 160%, an initial underlier level of 604.90, and a buffer level of 80% (buffer amount 20%). If the final underlier level is between 80% and 100% of the initial level, the payoff uses the absolute value of the index return; below 80% the payoff applies the underlier return plus the 20% buffer (which may produce a loss). The issuer may redeem the notes on specified call payment dates beginning June 1, 2027, with fixed call premium amounts listed in the supplement. The estimated value on the trade date was approximately $923 per $1,000 face amount, while original issue price was 100% and underwriting discount was 4.125%. The notes are 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. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on June 3, 2031 unless automatically called on specified call observation dates beginning in June 2027. If an automatic call occurs, each $1,000 face amount pays $1,000 plus a call premium specified for that call date; if not called, maturity payoff is linked to index performance with a maximum settlement of $2,200 per $1,000 and a 50% trigger buffer. The index applies leverage (up to 500%), a daily 6.0% decrement, and caps on daily leverage changes; these features can magnify losses and cause the notes to underperform the reference index. The estimated value at pricing was approximately $916 per $1,000 face amount; original issue price equals 100% of face with an underwriting discount of 4.5%.

GS Finance Corp. published the May 2026 Nasdaq-100 Technology Sector Index Supplement, dated May 26, 2026, describing the Nasdaq-100 Technology Sector Index (Bloomberg: NDXT) and its methodology. The supplement lists historical performance through May 1, 2026, including annualized returns and volatilities, and describes risk factors applicable to securities linked to the index.

The supplement clarifies the index is an equal weighted, price return measure of Nasdaq-100 issuers classified as Technology under the Industry Classification Benchmark and notes Nasdaq, Inc. as sponsor and calculation agent.

GS Finance Corp. published an index supplement dated May 26, 2026 describing the S&P 500® Daily Risk Control 5% USD Excess Return Index (Bloomberg: SPXT5UE). The supplement explains that the Excess Return index measures the Risk Control index net of borrowing costs (SOFR + 0.02963%) and that the Risk Control index targets a 5% volatility by dynamically adjusting exposure to the S&P 500® Total Return Index. The supplement discloses annualized returns and volatilities through May 1, 2026 and emphasizes risks including credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., the impact of borrowing costs on returns, limited post-LIBOR historical data, and that the index may not achieve its volatility target.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering totals $35,337,000 of face amount with an original issue price equal to 100% of face amount and an underwriting discount of 4.625%. Payments are cash-settled: on an annual automatic call the issuer will pay $1,000 plus a capped call premium if the index meets rising call levels; if not called, maturity payout depends on index performance with an upside participation rate of 100% but a principal floor of $1,000 per note if the index return is zero or negative. The index uses daily rebalancing, a 5% realized volatility control, and a momentum risk control, and is subject to a 0.65% per annum deduction (accruing daily) plus effects from allocations to hypothetical cash positions. The estimated value on the trade date was $897 per $1,000 face amount; GS&Co. computed a comparable yield of 5.0613% and a projected maturity payment of $1,425.72 for tax accrual purposes. Key dates include trade date May 26, 2026, original issue date May 29, 2026, determination date May 20, 2033, and stated maturity May 27, 2033.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to the Nasdaq-100 and Russell 2000. The notes pay no interest, may be automatically called on annual observation dates and mature on June 5, 2029. If not called, maturity payment depends on the lesser performing underlier return, with a trigger buffer at 80% of initial levels and a capped maturity premium of 40.50%. The offering shows an underwriting discount of 3% and original issue price of 100% of face amount. Investors may lose their entire investment if the lesser performing underlier falls below its trigger buffer.

GS Finance Corp. priced leveraged, decrement-linked notes maturing June 3, 2031. The notes reference the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (initial level 527.96) and pay monthly coupons only if the index on an observation date is ≥ 60% of the initial level. Notes are automatically called if the index on any call observation date is ≥ 527.96. The index applies up to 500% leverage, a 100% cap on daily leverage change, and a 6.0% per annum daily decrement; these features can magnify losses and reduce returns. The estimated initial value was approximately $926 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.5%.

The offered notes are principal‑at‑risk, S&P 500® linked, buffered notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays no interest and returns either a capped cash amount of $1,092.50 if the final underlier level is at or above the buffer level (90% of the initial level), or a downside payoff that loses approximately 1.1111% of face amount for each 1% decline of the final underlier level below the buffer (buffer rate ≈ 111.11%). Trade date was May 26, 2026, original issue date May 29, 2026, determination date June 8, 2027, and stated maturity date June 11, 2027. The offering totals $23,072,000 aggregate face amount; original issue price is 100% of face amount with a 1% underwriting discount.