Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering structured notes, guaranteed by The Goldman Sachs Group, Inc., linked to the common stocks of NVIDIA, Microsoft and Salesforce. The notes have an expected trade date of June 5, 2026, an expected original issue date of June 10, 2026 and a stated maturity date expected to be June 8, 2029. Each $1,000 face amount may pay a variable monthly coupon (formula uses $10.417 per coupon observation date) and is subject to an automatic call beginning in June 2027. Principal at maturity depends on whether a trigger event occurs and, if so, on the percentage return of the lesser performing index stock; a trigger buffer and coupon trigger price are each 50% of the initial index stock price. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due June 15, 2032 that pay interest at 5.10% per annum from and including the original issue date (expected June 15, 2026) to but excluding maturity. Interest is payable annually on each June 15, with the first payment expected June 15, 2027. The notes are callable at the issuer’s option in whole, not in part, on each redemption date (expected each March 15, June 15, September 15 and December 15 on or after June 15, 2027) at a redemption price equal to 100% of principal plus accrued interest.

The notes will be issued as a master global note through DTC and settle in immediately available funds. FATCA withholding rules will generally apply. The offering will be distributed by Goldman Sachs & Co. LLC and InspereX LLC; market-making by underwriters is intended but not guaranteed.

GS Finance Corp. priced Trigger PLUS linked to the S&P 500® Index due June 3, 2032. Each Trigger PLUS has a $1,000 stated principal amount and, at maturity, pays either: (1) principal plus a leveraged upside equal to 102.00% of any index gain; (2) full principal if the final index value is between the trigger level and the initial index value; or (3) a reduced payment equal to the index performance factor if the final index value is below the trigger level, with the trigger set at 75.00% of the initial index value. The instruments do not pay interest, are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., carry an estimated secondary-market value range of $900 to $960 per note on pricing, and expose investors to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes that pay 5.00% per annum from the original issue date (expected June 15, 2026) to the stated maturity date (expected December 14, 2029). Interest is payable annually on expected interest payment dates of June 15 of each year and at maturity, with the first payment expected on June 15, 2027. The issuer may redeem the notes in whole, but not in part, on specified quarterly redemption dates on or after December 15, 2026, at a redemption price equal to 100% of principal plus accrued and unpaid interest. The notes will be issued in book-entry form through DTC. The pricing supplement states that initial price to public and underwriting discounts will vary for certain investors; underwriting economics and aggregate offering amounts are not stated in the provided excerpt.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. These notes reference the Class A common stock of Alphabet Inc. (Bloomberg: GOOGL UW).

The notes have a $1,000 face amount per note, pay a contingent quarterly coupon of $32 per $1,000 when the underlier is at or above the coupon trigger level (70% of the initial underlier level), and carry an automatic call if the underlier equals or exceeds the initial level on any call observation date. If not called, the cash payment at maturity depends on the final underlier level; a final level below the 70% trigger buffer produces a loss equal to the underlier return times the $1,000 face amount. Trade date is May 28, 2026 and original issue date is June 2, 2026. The underwriting discount is 2% of face amount (net proceeds 98% of face).

The offered notes are medium-term, non-interest-bearing principal-at-risk notes issued by GS Finance Corp.The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, maturity payoff depends on the underlier return: positive payoff = $1,000 + ($1,000 × 191% × underlier return); if the final level is between the initial level and the 80% buffer level you receive $1,000; if the final level is below the buffer you suffer a proportional loss (buffer rate 100% applies). Trade date is May 22, 2026; stated maturity is May 28, 2031. The notes track E‑mini S&P 500 futures (not the S&P 500 Index), may be affected by roll yield, financing costs and issuer/guarantor credit risk, and are payable in cash only.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due December 9, 2027, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and pays contingent quarterly coupons if Amazon.com, Inc. (the underlier) closes at or above 70% of the initial level on coupon observation dates. The notes will be automatically called if the underlier closes at or above the initial underlier level on any call observation date. At maturity, if not called, the cash settlement per $1,000 depends on the underlier return and is limited to $1,000 if the final underlier level equals or exceeds 70% (the trigger buffer) and may result in a total loss of principal if the final underlier level is substantially below the initial level.

GS Finance Corp. offers index-linked notes due June 10, 2032 that are fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the maturity payout depends on the performance of the lesser performing underlier (DJIA, Russell 2000, S&P 500).

If all underliers finish above their initial levels, holders receive $1,000 plus 135% of the lesser performing underlier return. If any underlier finishes below its buffer level (75% of initial), holders suffer proportional principal loss; examples show a final underlier level of 19% would produce a cash settlement of 44% of face amount.

GS Finance Corp. offers a primary issuance of structured notes linked to an equally weighted basket of nine common stocks. The notes have an expected trade date of June 15, 2026, an original issue date expected to be June 18, 2026, an expected call observation date of June 28, 2027, and a stated maturity expected to be June 21, 2028. The notes pay no interest and include an automatic redemption if the basket closing level on the call observation date is greater than or equal to the initial basket level, producing a minimum call payment of $1,196 per $1,000 face amount (set on the trade date). At maturity, the cash settlement uses an upside participation rate of 125% for positive basket returns, a buffer level of 80% (a buffer amount of 20%) and a buffer-rate of 125% for negative returns below the buffer. The basket comprises Alphabet, Amazon, Amphenol, Arista, Broadcom, Coherent, Meta, Microsoft and NVIDIA. The issuer and guarantor credit risk, a stated estimated value of $900–$930 per $1,000 face amount at pricing, complex anti-dilution adjustments and limited secondary-market liquidity are disclosed as key risks.

GS Finance Corp. priced contingent principal notes linked to a weighted basket of three indexes with an expected trade date of June 4, 2026, an expected original issue date of June 9, 2026, an expected call observation date of June 11, 2027 and an expected stated maturity date of June 9, 2031. The notes pay no interest and return depends on a basket (65% S&P 500® Futures Excess Return Index; 25% MSCI EAFE; 10% MSCI Emerging Markets) with an initial basket level of 100. If the basket on the call observation date is ≥100 the notes are called and pay $1,150 per $1,000 face amount. If not called, maturity pay depends on the basket return: upside participation is 232.5%, a trigger buffer is 70% of the initial basket level, and losses below the buffer reduce principal dollar-for-dollar. The estimated value at pricing is stated between $885 and $925 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and complex market, currency, futures roll and tax risks.

GS Finance Corp. offers callable, equity-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes reference four index stocks (NVIDIA, Alphabet Class C, AMD and Tesla) and pay monthly coupons of 0.6375% per month (up to 7.65% per annum) only if each index stock meets a 78% trigger of its initial price on monthly observation dates. The notes mature on June 10, 2033 unless automatically called on a call observation date beginning in June 2027. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering autocallable equity-linked notes due 2030 that are guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Microsoft Corporation and feature quarterly automatic call observation dates; payments are cash-settled and capped.

The notes pay no interest, include a buffer level of 80% (buffer amount 20%) and a capped maturity premium of 40.80%. If not called, maturity payoff depends on the final underlier level versus the buffer and initial levels; losses can be substantial and investors bear issuer and guarantor credit risk.

GS Finance Corp. offers index-linked notes due June 14, 2028 that pay at maturity an amount tied to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index. For each $1,000 face amount, holders may receive up to a $1,090 payment if both underliers are flat or positive. If the lesser performing underlier finishes down but stays at or above 60% of its initial level, the holder receives $1,000 plus the absolute value of that negative return (producing a positive payoff). If the lesser performing underlier finishes below 60% of its initial level, the payoff equals $1,000 plus $1,000 times (lesser performing return + 40%), which can result in substantial losses to principal. The pricing models estimate the notes' value on the trade date to be between $925 and $965 per $1,000 face amount. The notes do not pay interest, are unsecured obligations of GS Finance Corp., are guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk. Trade date, original issue date and determination date are expected to be June 9, 2026, June 12, 2026 and June 9, 2028, respectively.

GS Finance Corp. offers autocallable contingent coupon notes linked to the VanEck Gold Miners ETF (GDX) with an initial underlier level set on May 27, 2026, an original issue date of May 29, 2026 and a stated maturity of June 1, 2029. The notes pay a contingent quarterly coupon only when the underlier closes at or above a coupon trigger level of 55% of the initial underlier level, and will be automatically called on a call payment date if the underlier closes at or above the initial underlier level on a call observation date.

At maturity (if not called), each $1,000 face amount pays $1,000 if the final underlier level is at or above the trigger buffer level of 55%; otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, which can result in a loss of principal (including the potential to lose the entire investment). The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 Futures Excess Return Index performance versus an initial level set on the trade date, with an upside participation rate of 120.25% and a 15% buffer (buffer level = 85% of initial). If the final underlier level is between the initial level and the buffer level, investors receive the absolute underlier return; if the final underlier level falls below the buffer level, losses accrue dollar-for-dollar below the buffer. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028, and stated maturity June 2, 2028.

The notes are cash-settled per $1,000 face amount, carry issuer and guarantor credit risk, and may trade illiquidly; GS&Co. may make a market but is not obligated to do so. Pricing models indicate the original issue price will exceed estimated model value due to underwriting discounts and fees; secondary market prices may differ materially.

GS Finance Corp. offers $3,768,000 aggregate face amount of Leveraged Buffered Basket-Linked Notes due May 25, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on a weighted basket of five indices measured from the trade date May 21, 2026 to the determination date May 22, 2028.

If the final basket level is above the initial level (100), holders receive 150% participation in positive basket return up to a cap (cap level 118%), producing a maximum cash settlement of $1,270 per $1,000 face amount. If the final basket level is between 90% and 100% of the initial level, holders receive the face amount. If the final basket level is below 90%, the payoff declines and may result in substantial principal loss. The estimated value at pricing was approximately $983 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due November 27, 2028 that pay interest at 4.65% per annum from the original issue date May 27, 2026. Interest is payable semiannually on May 27 and November 27, first paid November 27, 2026. The notes may be redeemed in whole, at the issuer’s option, on each redemption date beginning November 27, 2026, with at least five business days’ notice, at a price equal to 100% of principal plus accrued interest. The initial public price is 100% for an aggregate principal amount of $28,337,000; underwriting discount is 0.309% and proceeds before expenses to The Goldman Sachs Group, Inc. are $28,249,438.67. The offering is subject to distribution restrictions in multiple jurisdictions and FATCA withholding rules; the notes are DTC book-entry securities.

GS Finance Corp. offers structured, non-interest bearing notes linked to an equally weighted 8-stock basket with a trade date of May 21, 2026 and a stated maturity of May 25, 2028. For each $1,000 face amount, holders receive a maturity cash payment based on the basket return with a 150% upside participation rate, a cap level of 130% (maximum settlement amount of $1,450 per $1,000), and a 10% downside buffer (no principal loss if final basket level declines up to 10%). The aggregate original face amount on issue was $1,697,000, original issue price was 100%, underwriting discount 1.75%, net proceeds 98.25%, and the estimated value at pricing was approximately $932 per $1,000 face amount.

GS Finance Corp. offers structured notes backed by a weighted equity index basket. The notes link to a basket weighted 65% to the S&P 500® Futures Excess Return Index, 25% to the MSCI EAFE Index and 10% to the MSCI Emerging Markets Index and include an automatic call feature.

Key economic terms set on the trade date include an initial basket level of 100, an upside participation rate of 269%, an expected call payment of $1,150 per $1,000 if the basket is >= initial level on the call observation date, an expected trade date of May 28, 2026, an expected call observation date of May 31, 2027 and an expected stated maturity date of May 28, 2031. The estimated value at issuance is between $885 and $925 per $1,000 face amount and payments remain subject to the issuer and guarantor credit risk.

GS Finance Corp. offers S&P 500®-linked automatic-call buffer notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $4,775,000 of face amount with an original issue price of 100% of face amount and a net proceed to issuer of 98.25%. The notes pay no interest and include an automatic call feature: if the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level, each $1,000 face amount will be redeemed at $1,098 on the call payment date.

If not called, the maturity payout is cash-settled based on the S&P 500 performance with a 125% upside participation rate, a 10% buffer (buffer level at 90% of the initial level) and a buffer rate of 100%. The notes may deliver less than face at maturity when the final level is below the buffer; examples show potential losses up to 67% of face in extreme scenarios. The notes are unsecured senior obligations under the GSFC 2008 indenture; investors bear issuer and guarantor credit risk.

GS Finance Corp. is offering medium-term notes linked to the common stock of SoFi Technologies, Inc. The pricing supplement covers $500,000 aggregate face amount of notes that mature on November 26, 2027 (determination date November 22, 2027), subject to adjustment.

Per $1,000 face amount, holders receive no interest and at maturity either the maximum settlement amount of $1,423 if the final underlier level is >= the trigger buffer level (60% of the initial level), or $1,000 plus the underlier return which can result in losses down to 0% of face if the underlier falls sufficiently.

GS Finance Corp. is offering principal‑at‑risk, S&P 500®‑linked notes guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face‑amount note pays no interest and will be settled in cash at maturity on May 25, 2028 based on the S&P 500 closing level on the May 22, 2028 determination date. If the final underlier level > initial level, investors receive the face amount plus 200% of the underlier return up to a $1,232.50 maximum per $1,000. If the final level is between the initial level and the 90% buffer level, investors receive the face amount. If the final level is below the buffer level, losses are linear below the buffer and investors may lose a substantial portion of principal. Trade date is May 21, 2026 and original issue date is May 27, 2026.

GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the common stock of Intel Corporation, maturing May 24, 2029.

Each $1,000 security pays a quarterly contingent coupon of $72.625 (a contingent coupon rate of 29.05% per annum) only if the stock closing price on a calculation day is at or above the coupon threshold (50% of the starting price). The securities are auto-callable if the stock closing price on any quarterly call date from August 2026 through February 2029 is at or above the call threshold (90% of the starting price). If not called, principal at maturity depends on the ending price versus the downside threshold (50% of the starting price): if below that threshold, investors can lose more than 50% and potentially all of the face amount. The estimated value at pricing was approximately $971 per $1,000 face amount; original offering price was $1,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the common stock of Joby Aviation, Inc. The notes have a stated maturity of November 26, 2027 and measure Joby’s performance from an initial index stock price of $10.07 set on May 20, 2026 to the determination date on November 22, 2027.

Holders receive for each $1,000 face amount either the capped threshold settlement amount of $1,650 if the final index stock price is at least 60% of the initial price, or a loss equal to the index stock return (which can result in a total loss of principal) if the final index stock price declines by more than 40%. The prospectus states the estimated value at issuance was approximately $981 per $1,000 face amount and shows an original issue aggregate face amount of $500,000.

GS Finance Corp. is offering medium-term structured notes linked to the Class A common stock of CoreWeave, Inc. that mature on May 24, 2029 (determination date May 21, 2029) and may be automatically called earlier. For each $1,000 face amount the notes pay a contingent quarterly coupon of $80 (an 8% quarterly coupon; up to 32.00% per annum) when the closing level of the underlier on a coupon observation date is at or above the coupon trigger level of 50% of the initial underlier level ($107.58).

If not called, the cash settlement at maturity depends on the final underlier level versus the trigger buffer level of 50%. If the final level is below that buffer, the holder receives $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal; if the final level is at or above the buffer, cash settlement is limited to 100.000% of face amount. The offering carries an underwriting discount of 2.35% and net proceeds to the issuer of 97.65% of face amount. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable, index-linked notes due June 3, 2033 guaranteed by The Goldman Sachs Group, Inc. The cash payoff at maturity or on an automatic call depends on the Goldman Sachs Momentum Builder® Focus ER Index performance. The notes feature a 100% upside participation rate, annual automatic-call observations with increasing call levels and call premiums, an estimated trade-date value of $850 to $880 per $1,000 face amount, and significant index deductions including a 0.65% per annum fee and potential allocation to cash-equivalent positions. The notes do not pay interest and expose holders to issuer/guarantor credit risk and tax rules for contingent payment debt instruments.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay a contingent monthly coupon of $9.959 per $1,000 (0.9959% monthly) when the underlier is at or above a 69% coupon trigger on observation dates and include an automatic call if Meta's closing level equals or exceeds the initial level. If not called, maturity payment depends on the final underlier level; investors may lose up to their entire investment if the final underlier level falls below the 69% trigger buffer. The issue price is 100% of face amount; underwriting discount is 2.15% (net proceeds 97.85%). Trade date is May 21, 2026, original issue date May 27, 2026, and stated maturity June 24, 2027.

GS Finance Corp. offers $475,000 aggregate face amount of indexed, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc., with cash settlement at maturity linked to the S&P 500® Futures Excess Return Index. The notes pay on each $1,000 face amount either (a) $1,000 plus 208.4% times the underlier return if the final level is above the initial level, (b) $1,000 if the final level is equal to or down to 90% of the initial level (the buffer), or (c) a reduced cash amount if the final level is below the buffer such that losses equal 1% of face for each 1% decline beyond the 10% buffer. Trade date is May 21, 2026, original issue date is May 27, 2026, determination date is May 21, 2031, and stated maturity is May 27, 2031 ("subject to adjustment as described in the accompanying general terms supplement"). The notes do not bear interest, are cash‑settled, and their estimated value on the trade date was lower than the original issue price per GS&Co.'s pricing models; market liquidity and the issuer/guarantor credit risk may materially affect secondary market value.

GS Finance Corp. is offering leveraged, callable notes linked to the Dow Jones Industrial Average® due expected June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount denomination and pays at maturity either the face amount or, if the final index level exceeds the initial level, $1,000 plus at least 1.03 times the index return. The issuer may redeem the notes on specified quarterly call payment dates beginning in June 2027 through March 2031 at specified call premium amounts. The expected trade date is May 29, 2026. The pricing supplement states an estimated value on the trade date of $885–$915 per $1,000 face amount and an original issue price of 100% with an underwriting discount of 2.5% (net proceeds to issuer: 97.5%).

GS Finance Corp. is offering non‑interest bearing, principal‑protected‑style notes linked to an equally weighted basket of nine stocks. The notes have an initial basket level of 100, an upside participation rate of 125% and a 20% buffer (buffer level = 80). The notes are expected to be callable on the call observation date of June 11, 2027 (automatic call pays at least $1,202 per $1,000 face) and mature on the stated maturity date of June 2, 2028. The basket comprises nine named common stocks including Alphabet, Amazon, Microsoft, Meta, NVIDIA and others. Estimated value at pricing is expected between $900 and $930 per $1,000 face; issue price is 100% of face. Payments depend on basket levels on the call observation date or the determination date; holders bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable buffered notes linked to the iShares® Semiconductor ETF (SOXX) due May 25, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on May 28, 2027 and, if called, pay $1,240 per $1,000 face amount on the call payment date. If not called, maturity payout depends on the ETF performance from an initial level of $524.71 (trade date May 21, 2026); upside participation is 125% and a 15% buffer applies such that declines up to 15% return the face amount, while larger declines reduce principal. Aggregate original face amount was $1,431,000. The notes carry issuer and guarantor credit risk, an estimated initial model value of approximately $965 per $1,000 face amount, and an underwriting discount of 1.75%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly coupon, auto-callable notes linked to the common stock of NVIDIA Corporation. The offering aggregates $3,522,000 of face amount with a $1,000 face amount per note and an initial underlier level of $219.51. Coupons of $10.209 per $1,000 (1.0209% monthly; potential ~12.25% annually) are payable on each coupon payment date only if the underlier closes at or above 60% of the initial level on the related observation date. Notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, maturity settlement depends on the final underlier level: investors receive $1,000 if the final level is at or above the trigger buffer (60%); otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal. Trade date is May 21, 2026, original issue date May 27, 2026, and stated maturity June 24, 2027. The original issue price is 100% with an underwriting discount of 2.15% and net proceeds of 97.85% of face amount.

GS Finance Corp. is offering cash‑settled, Snowflake‑linked notes guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and returns either a capped $1,420 at maturity if the final Snowflake level is >= a 70% trigger buffer, or a proportional loss if the final level is below the trigger buffer; losses can equal the entire principal. The notes trade on May 21, 2026 with original issue date May 27, 2026, determination date June 21, 2027 and stated maturity June 24, 2027.

GS Finance Corp. offers principal-protected-like indexed notes linked to NVIDIA Corporation common stock with an automatic call feature. The notes have a $1,000 face amount per note, an expected trade date of May 29, 2026, an expected original issue date of June 3, 2026, an expected call observation date of June 11, 2027 and an expected stated maturity date of June 2, 2028. If the closing price of NVIDIA on the call observation date is >= the initial index stock price, the notes will be automatically called and pay at least $1,239 per $1,000 face amount. If not called, the cash settlement at maturity is determined by the index stock return measured from the initial index stock price to the final index stock price on the determination date, with a 80% buffer level (buffer rate 125%) and a threshold settlement amount of $1,478. The estimated value at issuance is stated as between $900 and $930 per $1,000 face amount. Payments depend on the issuer and guarantor creditworthiness and on certain calculation agent determinations.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest and the cash payment at maturity per $1,000 face amount depends on the S&P 500® Index performance measured from the trade date to the determination date. If the final level is at or above the initial level, holders receive $1,000 plus the underlier return up to a maximum upside settlement amount of $1,173.50. If the final level falls but not by more than the 10% buffer (buffer level = 90% of the initial level), holders receive $1,000 plus the absolute underlier return. If the final level declines by more than the buffer, holders suffer downside exposure and may lose a substantial portion of principal. Trade date is May 29, 2026, original issue date is June 3, 2026, determination date is August 30, 2027, and stated maturity is September 2, 2027. The notes are subject to issuer and guarantor credit risk, limited upside, uncertain tax treatment, potential low liquidity, and fees/discounts that make the original issue price exceed estimated model value.

GS Finance Corp. offers $ Callable Contingent Coupon Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly; up to 9.00% annual) only if each underlier closes at or above 70% of its initial level on the applicable observation date. The cash payoff at maturity, if not redeemed, is based on the lesser performing underlier (Nasdaq-100 and S&P 500) and may return anywhere from 0% to 100% of principal depending on that underliers final level. The issuer may redeem the notes on coupon payment dates beginning February 2027. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, model valuation differences versus issue price, and tax uncertainties described in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature expectedly on June 10, 2030 unless automatically called on monthly observation dates beginning December 2026. Coupons are paid only when the index closing level on an observation date is at least 75% of the initial underlier level; monthly coupon credit equals $14.375 per $1,000 (1.4375% monthly, potential up to 17.25% per annum) subject to prior coupon payments. The index applies a 6.0% per annum daily decrement, targets 40% volatility, and may apply up to 500% maximum leverage. Estimated value on the trade date is expected to be between $905 and $955 per $1,000. Payment at maturity (or on a call) depends on the index's performance and is subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity either the face amount or $1,000 + ($1,000 × upside participation rate × index return) depending on the index performance. The index is the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index) and applies a volatility control of 5% and an annual deduction of 0.65% (accruing daily). The trade date is June 25, 2026, original issue date June 30, 2026, determination date December 27, 2029 and stated maturity January 2, 2030. The upside participation rate is at least 475%. The notes do not pay periodic interest, are subject to the issuer and guarantor credit risk, and may allocate substantial exposure to hypothetical cash positions that earn zero net excess return before the deduction.

GS Finance Corp. is offering autocallable, index-linked notes due June 30, 2033 guaranteed by The Goldman Sachs Group, Inc. Each note's payoff depends on the performance of the Goldman Sachs Momentum Builder® Focus ER Index and the notes may be automatically called on annual observation dates if the index meets rising call thresholds.

The notes pay no periodic interest, have an upside participation rate of 100%, and include a 0.65% per annum deduction built into the index. The trade date is June 25, 2026; estimated value on the trade date is $850 to $880 per $1,000 face amount, below original issue price.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent coupon, auto-callable medium-term notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. The notes pay a monthly contingent coupon of $9.167 per $1,000 (0.9167% monthly, up to ~11.00% per annum) when each underlier is at or above its coupon trigger (70% of initial). If not called, the maturity cash payment for each $1,000 depends solely on the lesser performing underlier relative to a 60% trigger buffer; a final level below that buffer can produce substantial losses, potentially the entire investment. Trade date: May 21, 2026; original issue date: May 27, 2026; stated maturity: November 27, 2028. The prospectus notes the original issue price equals 100% of face and identifies underwriting discount (0.75%) and net proceeds (99.25%).

GS Finance Corp. is offering Leveraged Callable EURO STOXX 50® Index-Linked Notes due May 27, 2031 guaranteed by The Goldman Sachs Group, Inc. The notes do not pay interest and are linked to the EURO STOXX 50® index with an upside participation rate of 235% measured from the trade date May 21, 2026 to the determination date May 21, 2031. If the final index level exceeds the initial level of 5,960.32, each $1,000 face amount pays $1,000 plus 2.35 times the index return; otherwise you receive $1,000. The issuer may redeem notes on specified call payment dates for $1,000 plus a call premium (table of call premium amounts applies). Original issue price is $1,000 per $1,000 face amount, underwriting discount 2.5%, net proceeds 97.5%. The estimated value on the trade date was approximately $953 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering non‑interest bearing structured notes linked to an equally weighted basket of six stocks. The notes have an expected trade date of May 29, 2026, an expected automatic call observation date of June 11, 2027 and an expected stated maturity date of June 2, 2028. The notes provide an upside participation rate of 125%, a buffer amount of 15% (buffer level = 85%) and a buffer rate of approximately 117.65%. If automatically called, holders will receive at least $1,202.50 per $1,000 face amount on the call payment date. The calculation agent is Goldman Sachs & Co. LLC. The estimated value on the trade date is expected to be between $900 and $930 per $1,000 face amount; the original issue price is 100% of face amount.

GS Finance Corp. is offering Autocallable Equity-Linked Notes due 2030, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Amazon.com, Inc. (ticker AMZN). The trade date is May 28, 2026, original issue date June 2, 2026, and stated maturity date May 31, 2030.

The notes pay no interest, are subject to automatic quarterly calls when the underlier closing level is greater than or equal to the initial level, and have a capped cash payoff: a maturity date premium amount of 44.00% and a buffer level at 80% of the initial underlier level (buffer amount 20%, buffer rate 100%. Examples show $1,000 face amount payoffs and call premium schedule starting at 11% and rising to 41.25%.

GS Finance Corp. is offering autocallable contingent coupon notes linked to the VanEck Gold Miners ETF (GDX) due December 9, 2027. Each $1,000 face amount may pay a contingent monthly coupon of $10.167 if the underlier meets a 60% coupon trigger on observation dates. The notes will be automatically called if the underlier equals or exceeds the initial underlier level on any call observation date. At maturity, if not called, cash settlement per $1,000 is $1,000 if the final underlier level is at or above 60% of the initial level; if below 60%, the payment equals $1,000 plus $1,000 multiplied by the underlier return, which could result in a total loss of principal.

GS Finance Corp. is offering $18,064,400 in aggregate face amount of Trigger Autocallable Contingent Yield Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index and pay a quarterly contingent coupon of $0.3125 per $10 (up to 12.50% per annum) only if each index is at or above its coupon barrier (75% of initial index level) on the applicable observation date. Commencing in November 2026 the notes may be automatically called if both indices close at or above their initial levels on a call observation date; if automatically called, holders receive face amount plus the related contingent coupon. If not called, repayment at maturity (stated maturity May 24, 2029) is contingent: holders receive full principal only if each index is at or above its downside threshold (75% of initial level) on the determination date, otherwise the cash settlement equals $10 multiplied by the lesser performing index return, and holders can lose a substantial portion or all of their investment. Payments depend on the creditworthiness of GS Finance Corp. and its guarantor.

The pricing supplement describes GS Finance Corp. contingent income buffered auto-callable securities linked to the common stock of Eli Lilly and Company (initial share price $1,065.00) with expected original issue date May 29, 2026 and stated maturity June 1, 2027. The notes pay a contingent monthly coupon (set at least $14.80 per $1,000 schedule) only when the underlying closes at or above an 80% buffer price on coupon observation dates and may be automatically called if the underlying closes at or above the initial share price on a call observation date. At maturity, if not called, holders receive $1,000 if the final share price is at or above the buffer price; if below the buffer price, holders suffer a downside formula that reduces principal by 1.25% per 1.00% decline beyond the buffer (downside factor = 1.25), potentially losing all principal. The document discloses an estimated value range of $935–$995 per $1,000 principal and shows the original issue price at 100.00% with a 0.10% underwriting discount.

GS Finance Corp. is offering $1,000-face autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index due July 10, 2029. The notes pay $1,107.50 per $1,000 on an automatic call if the index closing level on the call observation date is greater than or equal to the initial index level. If not called, the maturity payment per $1,000 is $1,000 + $1,000 × 300% × index return when the final index level exceeds the initial level; otherwise you receive the face amount. The index applies a 5% realized volatility control and a 0.65% per annum deduction, and large allocations to hypothetical cash positions may materially reduce index performance. GS&Co. estimates the notes' value on the trade date at $900 to $930 per $1,000, below the original issue price.

The Goldman Sachs Group, Inc. is offering Callable Zero Coupon Notes due May 26, 2051 under its Medium-Term Notes, Series N program. The notes are issued at an original issue discount and carry a stated yield to maturity of 6.50% per annum. The offering aggregate principal amount is $4,153,000. The notes do not pay periodic interest and may be redeemed at Goldman Sachs' option on specified early redemption dates at the listed early redemption percentages and corresponding cash settlement amounts. The initial price to public for the offering equals 20.714% of principal (aggregate $860,252.42), with an underwriting discount of 0.735% (aggregate $30,524.55) and estimated proceeds to The Goldman Sachs Group, Inc. of 19.979% (aggregate $829,727.87). The notes are unsecured obligations subject to Goldman Sachs' credit risk and to FATCA withholding rules; they will be issued in book-entry form through DTC.

The Goldman Sachs Group, Inc. priced Callable Fixed Rate Notes due 2036 with an interest rate of 5.50% per annum from May 26, 2026 to May 26, 2036. The offering aggregates $11,031,000 at an initial price to public of 100%, settles on May 26, 2026, and pays interest semiannually on May 26 and November 26, beginning November 26, 2026.

The notes are callable in whole (but not in part) on each redemption date on or after May 26, 2027 (each Feb 26, May 26, Aug 26, Nov 26) at a redemption price equal to 100% of principal plus accrued interest with at least five business days’ notice. Underwriting discount is 0.911% and estimated issuer offering expenses are approximately $15,000.