Goldman Sachs Group Inc. 424B Filings

The Goldman Sachs Group, Inc. priced callable fixed rate notes due 2027. The notes bear interest at 4.25% per annum from and including the expected original issue date July 2, 2026 to but excluding the expected stated maturity date August 2, 2027. Interest is expected to be paid on the stated maturity date unless redeemed earlier. The issuer may redeem the notes in whole, but not in part, on expected redemption dates January 2, 2027, April 2, 2027 and July 2, 2027 at a price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are expected to settle on July 2, 2026. For U.S. tax purposes the notes are anticipated to be issued with original issue discount (OID) because interest is not paid at least annually; FATCA withholding generally applies.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income callable securities due June 2, 2028. Each $1,000 security pays a contingent quarterly coupon (set on pricing) only if the S&P 500, Russell 2000 and Nasdaq-100 each close at or above a 65.00% downside threshold on every index business day during the prior quarterly observation period; otherwise the coupon for that quarter is $0. The issuer may redeem the securities at 100% plus any then-due coupon on coupon dates from the payment date expected September 3, 2026 through March 3, 2028. At maturity, if any underlying index is below its downside threshold, payment equals $1,000 multiplied by the worst-performing index performance factor (potentially less than $650 and possibly $0). Estimated value at pricing is $925 to $985 per $1,000; original issue price is 100% with a 2.00% underwriting discount.

GS Finance Corp. priced contingent income callable notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent quarterly coupons (set at least $21.75 per $1,000 if each underlying index stays at or above a 60.00% downside threshold during the observation period) and return at maturity either $1,000 or an amount tied to the worst performing of the S&P 500®, Russell 2000® and Nasdaq-100®. The issuer may redeem at 100% plus any coupon on specified coupon dates beginning September 3, 2026. Estimated secondary-market value at pricing is $925–$985 per $1,000 principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity-linked medium-term notes tied to Intel, Micron, AMD and Palantir. The notes have a $1,000 face amount per note, monthly coupon mechanics of $7.917 per $1,000 (0.7917% monthly, up to ~9.5% per annum) and monthly observation dates commencing in June 2026. Coupons pay only if each index stock’s closing price on a coupon observation date is at least 70% of its initial index stock price; notes are automatically called if, on a call observation date, each index stock’s closing price is at or above its initial index stock price. Trade date is expected to be May 29, 2026 and stated maturity is expected to be June 5, 2031. The estimated value on the trade date is expected to be between $885 and $925 per $1,000 face amount, below the original issue price.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes tied to the common stock of NVIDIA Corporation (NVDA UW). Each note has a $1,000 face amount, a contingent quarterly coupon component (based on a 55% coupon trigger) and an automatic call feature. The trade date is May 28, 2026, the original issue date is June 2, 2026 and the stated maturity date is December 2, 2027. If not called, the cash payment at maturity depends on the final underlier level relative to the initial level and a 55% trigger buffer; investors may lose up to their entire investment. The notes are senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., sold at 100% of face with a 1.5% underwriting discount.

GS Finance Corp. priced structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $16,466,000 of notes with an original issue price equal to 100% of face amount and an underwriting discount of 0.5%. The notes pay a contingent monthly coupon of $8.875 per $1,000 when each underlier is at or above a 70% coupon trigger, are subject to an automatic call if all underliers are at or above their initial levels on a call observation date, and pay a cash settlement at maturity tied to the lesser performing underlier (Nasdaq-100, Russell 2000 and S&P 500). If the final level of the lesser performing underlier is below its 50% trigger buffer, investors can lose a substantial portion or the entirety of principal. Trade date: May 20, 2026; original issue date: May 26, 2026; stated maturity date: May 23, 2031.

GS Finance Corp. priced $ Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a capped payment of $1,100.90 per $1,000 face if the final S&P 500 level is >= the 90% buffer level. If the final underlier is below the buffer level, holders lose approximately 1.1111% of face amount for each 1% decline below the buffer level and could lose their entire investment. The initial underlier level is 7,445.72. Trade date is May 22, 2026, original issue date May 28, 2026, determination date July 22, 2027, and stated maturity date July 27, 2027.

GS Finance Corp. is offering structured, buffered notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The pricing supplement shows an aggregate face amount of $4,525,000, an upside participation rate of 150% with a maximum settlement amount of $1,197.10 per $1,000, a buffer level of 90% (buffer amount 10%), no interest, a trade date of May 20, 2026, an original issue date of May 26, 2026, a determination date of October 20, 2027 and a stated maturity date of October 25, 2027. Payment at maturity depends on the underlier return between the trade date and the determination date; losses occur if the final underlier level is below the buffer level. The notes are part of the Medium-Term Notes, Series F program and were issued at 100% of face amount.

GS Finance Corp. is offering $1,000‑face callable, contingent coupon, index‑linked notes due March 10, 2031 (original issue date June 10, 2026; trade date June 5, 2026). The notes reference the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000 and pay a contingent monthly coupon of 0.9375% (up to 11.25% per annum) only if each underlier is at or above a coupon trigger level (each underlier: 70% of its initial level) on the coupon observation date. If not redeemed early, the cash payment at maturity is tied to the lesser performing underlier: holders receive $1,000 if that underlier is at or above its trigger buffer level (65%), or $1,000 × the lesser performing underlier return if below that buffer. The issuer may redeem the notes on each coupon payment date commencing December 2026 through February 2031. These notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk; holders could lose their entire investment.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.00% per annum. The notes have an expected original issue date of June 5, 2026 and an expected stated maturity of December 5, 2030. Interest is payable semiannually on expected payment dates of June 5 and December 5, with the first payment expected on December 5, 2026.

The notes are callable in full, but not in part, on scheduled quarterly redemption dates beginning on or after June 5, 2028, at a redemption price equal to 100% of principal plus accrued interest. The offering will settle and expected delivery is June 5, 2026. The notes will be issued in book-entry form as a master global note held through DTC.

GS Finance Corp. is offering autocallable index-linked notes due June 1, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100 Index and the S&P 500 Index, have no periodic interest, and include an automatic call feature on annual observation dates. Payments at maturity (if not called) depend on the performance of the lesser performing underlier, with an upside participation rate of 250%, a buffer level of 80% and a buffer rate of 100%. Call premiums of 12% and 24% apply on the two listed call payment dates. The pricing supplement highlights credit risk of the issuer/guarantor, secondary market illiquidity, tax uncertainty, and potential for substantial loss of principal.

Goldman Sachs & Co. LLC presents a BlackRock® Dynamic Factor Index supplement addendum dated May 22, 2026 describing the index methodology, historical performance and risks for securities linked to the index. The index combines an equity ETF basket (up to five ETFs), a fixed income ETF basket (up to three ETFs) and a cash constituent and measures whether those underlying assets outperform the sum of the return on SOFR plus 0.26161% and an additional 0.65% per annum fee (accruing daily).

The index targets limiting volatility to 5%, rebalances equity weights monthly and fixed income weights daily, and has allocated as much as 85.5% to cash in the recent past. Annualized performance since January 1, 2021 is shown as -2.48% with realized volatility 4.94%. The addendum cautions that limited post-LIBOR data are available because the index replaced 3-month USD LIBOR with SOFR plus 0.26161% effective December 28, 2021.

GS Finance Corp. / The Goldman Sachs Group, Inc. is offering notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $1,566,000. The notes pay no interest, have an upside participation rate of 100% and feature annual automatic calls if the index meets rising call levels. If not called, at maturity the cash payment equals $1,000 plus participation in positive index return; if the final index level is equal to or below the initial level, holders receive the face amount only. The index applies a 0.65% per annum deduction, may allocate heavily to cash positions, and uses daily rebalancing, a 5% volatility control and a momentum risk control. The estimated value on the trade date was $895 per $1,000 face amount, below the issue price; underwriting discount is 4.625%. Key dates: trade date May 20, 2026, original issue date May 22, 2026, stated maturity May 20, 2033.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes due July 2, 2027 guaranteed by The Goldman Sachs Group, Inc., linked to Alphabet Inc. Class A (Bloomberg: "GOOGL UW"). The notes pay a contingent monthly coupon of $9.292 per $1,000 (0.9292% monthly, potential ~11.15% per annum) only if the underlier closes at or above the coupon trigger level of 69% of the initial underlier level on each coupon observation date.

If the underlier closes at or above the initial level on any call observation date the notes will be automatically called and redeemed at par ($1,000) plus any coupon then due. If not called, maturity payoff per $1,000 is $1,000 if the final underlier level is at or above the trigger buffer (69%); otherwise cash settlement equals $1,000 multiplied by the underlier return, which can result in a loss of up to the entire investment. Trade date is May 29, 2026 and original issue date is June 3, 2026.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay 4.70% per annum, expected to be issued on June 5, 2026 and to mature on December 5, 2028. Interest is expected semiannually on June 5 and December 5, with the first payment on December 5, 2026. The notes are callable by the issuer in whole, but not in part, on each scheduled redemption date beginning on December 5, 2026 (expected quarterly on March 5, June 5, September 5 and December 5), at a redemption price equal to 100% of principal plus accrued interest with at least five business days’ prior notice. The notes will be issued in book-entry form through DTC and are subject to FATCA withholding rules. Delivery is expected in New York on June 5, 2026.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $1,000-face autocallable contingent coupon index-linked notes due June 2, 2031. The notes pay a contingent monthly coupon of $10.625 per $1,000 (1.0625% monthly, up to 12.75% per annum) only if each underlier is at or above a 70% coupon trigger level on the coupon observation date.

Notes are linked to the Nasdaq-100, Russell 2000 and EURO STOXX 50; an automatic call occurs if all underliers are at or above their initial levels on any call observation date. At maturity (if not called) the cash settlement equals $1,000 if the lesser performing underlier is ≥70% of its initial level; otherwise the payment equals $1,000 × the lesser performing underlier return, so investors can lose all principal. The trade date is May 28, 2026 and the stated maturity is June 2, 2031.

GS Finance Corp. is offering $ callable, contingent coupon, index-linked notes due December 1, 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly contingent coupon of $7.50 per $1,000 if each underlier is at or above a 70% coupon trigger on the observation date, otherwise no coupon is paid. If not redeemed, final cash at maturity is based on the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500) and can be as low as a complete loss of principal; a final level of 17% would deliver 17% of face value. The issuer may redeem the notes on each coupon payment date from September 2026 through November 2027. Terms set on the trade date; trade date shown as May 27, 2026 and original issue date as June 1, 2026.

GS Finance Corp. offers Leveraged Buffered S&P 500Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is tied to the S&P 500index performance from the trade date to the determination date.

For each $1,000 face amount, investors receive either (a) $1,000 plus an upside payoff equal to a 125% upside participation rate of the index return capped at a $1,252.50 maximum settlement amount, (b) $1,000 if the final index level is between 80% and 100% of the initial level, or (c) a reduced cash payment that declines by 1.25% of face amount for every 1% the final index level is below the buffer level, which could result in loss of the entire investment. Trade date is May 29, 2026 with stated maturity on June 2, 2028 (determination date May 30, 2028).

GS Finance Corp. is offering Buffer Autocallable GEARS linked to the S&P 500® Index, due and guaranteed by The Goldman Sachs Group, Inc. The securities have an expected trade date of May 27, 2026, original issue date May 29, 2026 and a stated maturity date of June 1, 2029. The notes pay no coupon, may be automatically called on the call observation date if the index closes at or above the autocall barrier, and provide upside exposure via an upside gearing set between 1.200 and 1.347. A 10.00% buffer applies at maturity: if the final index level is below the downside threshold of 90.00% of the initial level, investors lose 1.00 of principal for every 1.00 decline beyond the buffer. The call return is 9.00. Estimated model value at issuance is between $9.40 and $9.70 per $10 face amount; original issue price is 100.00% of face amount and the underwriting discount is 2.50%. Payments are subject to issuer and guarantor credit risk and to the terms described in the pricing supplement.

GS Finance Corp. is offering $Buffered S&P 500® Index-Linked Notes due December 13, 2027, guaranteed by The Goldman Sachs Group, Inc., with pay‑off linked to the S&P 500 Index performance from the trade date to the determination date. For each $1,000 face amount, investors receive either (a) $1,000 plus the underlier return up to a maximum settlement amount of $1,205, (b) the face amount if the final level is between the buffer level and the initial level, or (c) a pro rata loss below the buffer level with a buffer at 85% of the initial level (buffer amount 15% and buffer rate 100%). The notes pay no interest, are payable in cash only, are subject to issuer and guarantor credit risk, and may have limited secondary market liquidity.

GS Finance Corp. is offering autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and can be automatically called on the call payment date if each underlier closes at or above its initial level on the call observation date; automatic call pays $1,172 per $1,000. If not called, maturity payment depends solely on the lesser performing underlier: investors can receive principal plus participation (250% upside participation) if that underlier is higher, receive par if the lesser performing underlier is at or above 70% of its initial level, or suffer losses down to the lesser performing underlier return (potential loss of principal). Key dates include trade date May 26, 2026, original issue date May 29, 2026, call observation date May 26, 2027, call payment date June 3, 2027, determination date May 29, 2029, and stated maturity June 5, 2029. The notes are linked to the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000 and are subject to issuer and guarantor credit risk, model-based valuation that may be below the issue price, limited secondary-market liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers leveraged, callable notes linked to the S&P 500® Futures Excess Return Index with payment and redemption mechanics set on the trade date. Each note has a $1,000 face amount and an upside participation rate of 690% (i.e., 6.9 times the index return) for positive index performance. Trade date is expected to be June 3, 2026, original issue date expected June 8, 2026, and stated maturity expected June 8, 2033 with determination date expected June 1, 2033.

Notes pay at maturity either (i) $1,000 plus $1,000×690%×index return if the final underlier level is greater than the initial underlier level, or (ii) $1,000 if the index return is zero or negative. The issuer may redeem the notes on scheduled monthly call payment dates beginning June 8, 2027 at amounts capped by the listed call premium amounts. The estimated value at pricing is stated between $885 and $925 per $1,000 face amount.

The BlackRock® Dynamic Factor Index Supplement No. 77 describes notes issued by GS Finance Corp. whose payments are linked to the BlackRock Dynamic Factor Index. The index combines an equity ETF basket (five ETFs), a fixed income ETF basket (three ETFs) and a cash constituent and measures outperformance versus SOFR + 0.26161% plus 0.65% per annum (accruing daily). The index targets a 5% volatility limit and allocates among equity, fixed income and cash daily; as of May 1, 2026 the cash constituent was 35.58% and has been as high as 85.5%. Historical index data prior to December 28, 2021 used 3-month USD LIBOR, and limited post-LIBOR history is available.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay 6.00% per annum, with an expected original issue date of June 9, 2026 and an expected stated maturity of May 25, 2046. Interest is payable annually on expected payment dates of June 9 of each year, with the first payment expected on June 9, 2027. The notes are callable by the issuer, in whole but not in part, on redemption dates expected each March 9, June 9, September 9 and December 9 on or after June 9, 2029, at 100% of principal plus accrued interest. The notes will be issued in book-entry form as a master global note held through DTC and are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering $7,000,000 principal of Callable Fixed Rate Notes due May 7, 2029. The notes pay interest at 4.525% per annum from and including the original issue date May 22, 2026, with annual payments each May 22 and the stated maturity. The first interest payment is May 22, 2027. The issuer may redeem the notes in whole, on specified redemption dates on or after May 22, 2027, at a redemption price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice.

The notes will be issued in book-entry form through DTC. Initial price to public is 100% (aggregate $7,000,000); underwriting discount is 0.873% (aggregate $61,110), yielding proceeds before expenses to The Goldman Sachs Group, Inc. of $6,938,890. The offering is subject to distribution agreements with Goldman Sachs & Co. LLC and InspereX LLC and complies with applicable jurisdictional investor restrictions.

GS Finance Corp. is offering Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity based solely on the lesser performing underlier between the Nasdaq-100 and the S&P 500. If both underliers finish above their initial levels, holders receive the face amount plus a return equal to the 109.25% upside participation rate applied to the lesser performing underlier return. If any underlier finishes below its 85% buffer level, losses occur pro rata below that buffer, potentially causing a substantial loss of principal. Trade date is May 22, 2026 with stated maturity May 25, 2029. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $6,979,250 aggregate face amount of Trigger Callable Contingent Yield Notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly $0.31 contingent coupons per $10 face amount (up to 12.4% per annum) only if each index stays at or above its coupon barrier during an observation period, and are callable by the issuer on coupon payment dates from August 20, 2026 through November 20, 2028.

The notes are linked to the lesser performing of the S&P 500, Russell 2000 and Nasdaq-100 indices, have downside thresholds at 60% and coupon barriers at 70% of initial levels, and repay principal at maturity only if all indices are at or above their downside thresholds; otherwise investors suffer a loss equal to the lesser performing index return. Purchasers bear both market and issuer/guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) priced a Trigger PLUS linked to TOPIX due June 1, 2029. The securities are principal-at-risk notes that provide at least a 135.10% leverage on any positive index return, return principal if the final index value is at or above a 80.00% trigger level, and expose holders to 1:1 downside below the trigger (potentially losing the entire principal). The offering is non-interest bearing, unlisted, carries issuer/guarantor credit risk, and has an estimated value range of $905 to $965 per Trigger PLUS versus an original issue price at par.

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a contingent quarterly coupon of $107 per $1,000 (10.7% quarterly; up to 42.8% per annum) when the underlier meets a 60% coupon trigger. The underlier is the common stock of Western Digital Corporation ("WDC"). The notes are 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 final underlier level: if the final level is at or above the 60% trigger buffer level, you receive $1,000; if below, you receive $1,000 multiplied by the underlier return, allowing for a possible total loss of principal. Trade date is May 26, 2026, original issue date May 29, 2026, and stated maturity June 1, 2029. The original issue price equals 100% of face amount, underwriting discount 2%, net proceeds 98%.

GS Finance Corp. offers $22,658,200 in Trigger Autocallable Contingent Yield Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation and pay a quarterly contingent coupon of $0.3925 per $10 only when the index stock closes at or above the coupon barrier. Commencing August 2026 the notes may be automatically called if the stock closes at or above the initial price of $223.47 on a call observation date, in which case holders receive $10 per $10 face amount plus the contingent coupon then due. If not called, repayment at maturity depends on the final stock price relative to the downside threshold (60% of the initial price); if the final price is below that threshold, holders receive less than face amount and may lose some or all of their investment. The issue price is 100% of face amount; the estimated model value at trade date is approximately $9.76 per $10.

GS Finance Corp. is offering principal-at-risk, non‑interest-bearing notes linked to a weighted basket of the S&P 500® Futures Excess Return Index (65%), the MSCI EAFE Index (25%) and the MSCI Emerging Markets Index (10%). The notes have an initial basket level of 100, an upside participation rate of 200%, a trigger buffer at 60% of the initial basket level and an automatic call feature that would pay $1,140 per $1,000 if the basket is >= initial level on the call observation date. Expected key dates set on the trade date include a trade date of May 26, 2026, initial basket underlier levels set on May 22, 2026, an expected call observation date of May 24, 2027 (call payment June 1, 2027) and an expected stated maturity of May 30, 2031 (determination date expected May 22, 2031). Estimated value range at pricing is $885–$925 per $1,000 face amount. Payments at maturity depend exclusively on the final basket level on the determination date and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Bear Market-Linked One Look Notes with a Buffer linked to the S&P 500® Index, due June, 2027, guaranteed by The Goldman Sachs Group, Inc. Each unit has a $10 principal amount and a $10.00 public offering price. The notes pay no periodic interest and provide a Digital Payment of 25.00% to 30.00% of principal if the S&P 500® Ending Value is less than or equal to 90.00% of the Starting Value. If the Ending Value is between 90.00% and 113.00% of the Starting Value you receive $10.00 principal; above 113.00% you have 1:1 downside to increases beyond 13.00% subject to a $1.30 minimum redemption amount. Estimated value at pricing is $9.25 to $9.55 per $10. Purchases require a minimum principal amount of $100,000. All payments are subject to GSFC and GSG credit risk; limited secondary-market liquidity is expected.

GS Finance Corp. is offering autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due June 23, 2033, guaranteed by The Goldman Sachs Group, Inc.. Payments depend on the performance of the GSMBFC5 Index, with annual automatic-call opportunities beginning on June 17, 2027. The notes have a 100% upside participation rate and estimated trade-date model value of $850 to $880 per $1,000 face amount. If the index is at or above specified call levels on observation dates, holders receive the face amount plus a capped call premium; if not called, maturity payment equals principal plus any positive index return (or only face amount if index return is zero or negative). The index strategy applies daily rebalancing, a 5% realized-volatility control, momentum risk control and a 0.65% per annum deduction.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑linked notes due (stated maturity expected June 3, 2031) guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays at maturity an index‑linked cash settlement determined by the S&P 500® Futures Excess Return Index performance from the trade date (expected May 29, 2026) to the determination date (expected May 27, 2031). The notes carry an upside participation rate of 272% if the final index level is at or above the initial level; they provide an absolute‑return feature between 60% and 100% of the initial level and full downside exposure if the final level is below 60% (trigger buffer = 60%). The issuer may redeem the notes on specified monthly call payment dates for the face amount plus a call premium stated in the supplement (call premiums range by date, e.g., 15% on June 3, 2027 up to 73.75% on May 5, 2031). The estimated model value at pricing is between $885 and $925 per $1,000 face amount. These notes do not bear interest; payments are subject to issuer and guarantor credit risk and to tax and market‑structure risks described herein.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due June 8, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Intel Corporation (Bloomberg: "INTC UW") and pay a contingent monthly coupon of $17.167 per $1,000 (1.7167% monthly, ~20.6% per annum) when the underlier's closing level on an observation date is at or above the coupon trigger level (40% of the initial underlier level). The notes are subject to an automatic call on any call observation date if the underlier's closing level is at or above the initial underlier level; on a call the holder receives $1,000 per $1,000 plus any coupon then due. If the notes are not called, the cash settlement at maturity depends on the final underlier level: holders receive $1,000 if the final level is at or above the trigger buffer (40%) but can lose up to their entire investment if the final level is below the trigger buffer. Trade date is June 3, 2026 and original issue date is June 8, 2026. Terms (including the initial underlier level) will be set on the trade date and are subject to the general terms supplement.

GS Finance Corp. is offering autocallable index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a 100% upside participation rate. Notes are automatically called if each underlier equals or exceeds its initial level on the call observation date, triggering a call payment of $1,097.50 per $1,000 face amount. If not called, maturity payment depends solely on the lesser performing underlier; negative or zero return on any underlier limits repayment to the face amount. Expected term is approximately 36 months with a call observation about 12 months after the trade date.

GS Finance Corp. is offering autocallable, index-linked notes due June 1, 2033 guaranteed by The Goldman Sachs Group, Inc. Each note's cash payoff depends on the Goldman Sachs Momentum Builder® Focus ER Index and an annual automatic call if the index meets rising call levels. The notes pay no interest, have a 100% upside participation rate, and include volatility and momentum controls in the index that can allocate significant exposure to hypothetical cash positions. GS&Co.'s estimated trade-date value is $850 to $880 per $1,000 face amount, below the issue price. The index applies a 0.65% per annum deduction and a 5% realized volatility control; the notes are subject to issuer and guarantor credit risk and special U.S. tax rules for contingent payment debt instruments.

GS Finance Corp. is offering $1,000-face callable contingent coupon index-linked notes due June 6, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.584 per $1,000 (1.0584% monthly, up to ~12.70% per annum) only if each underlier closes at or above 70% of its initial level on the coupon observation date. If any underlier’s final level is below 70% of its initial level, the cash settlement at maturity equals $1,000 × the lesser performing underlier return and you may lose your entire investment. The issuer may redeem the notes in whole (but not in part) on any coupon payment date beginning July 2026, with at least three business days’ notice. Underliers are the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index; Goldman Sachs & Co. LLC is calculation agent.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly‑coupon, auto‑callable notes linked to four stocks: Alphabet Class A, NVIDIA, Morgan Stanley and Tesla. The notes reference initial index stock prices set on May 26, 2026, have an expected trade date of May 27, 2026 and an expected stated maturity of June 3, 2031.

Coupons are monthly per $1,000 face amount: a maximum of $7.792 (0.7792% monthly, ~9.35% per annum) if each index stock is ≥ 77.5% of its initial price on an observation date, or a minimum of $0.209 (0.0209% monthly, ~0.25% per annum) if any index stock is below that threshold. Notes are automatically called if on any call observation date each index stock is ≥ 95% of its initial price. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. priced a contingent income auto-callable note linked to an American depositary share of Arm Holdings plc that matures on June 1, 2029. Each security has a $1,000 stated principal and is a principal-at-risk instrument with a 50.00% downside threshold (50% of the initial share price). Holders may receive a contingent quarterly coupon determined by a formula using at least $60.50 (set on the pricing date) when the underlying ADS closing price on coupon observation dates is at or above the downside threshold. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., do not participate in upside beyond the capped payments, and may be automatically called if the ADS closing price on any call observation date is greater than or equal to the initial share price.

GS Finance Corp. offers digital equity-linked notes due November 26, 2027 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes are cash‑settled and linked to the common stock of SoFi Technologies, Inc. with an initial underlier level of $15.69 (set May 20, 2026).

Payment at maturity is: the $1,423 maximum settlement if the final underlier level is at or above the 60% trigger buffer level; otherwise holders lose 1% of face for each 1% decline below the initial level (cash settlement). The notes pay no interest and expose investors to issuer/guarantor credit risk and potential full principal loss.

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 $734,000, a stated maturity of May 22, 2031, and automatic annual call features beginning in May 2027 if the index meets rising call levels. If not called, maturity payoff per $1,000 face amount equals $1,000 plus upside participation of 100% times the index return when the final index level exceeds the initial index level; otherwise investors receive the face amount. The index uses daily rebalancing, volatility and momentum controls and is subject to a 0.65% per annum deduction (accruing daily). The estimated value on the trade date was $938 per $1,000 face amount and includes an additional amount of $62 that declines to zero by August 18, 2026. These notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers medium-term notes linked to the iShares MSCI EAFE ETF (EFA). For each $1,000 face amount, holders receive either the face amount at maturity or, if the final underlier level exceeds the initial level, $1,000 plus the underlier return subject to a maximum settlement amount of $1,309.50. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk. Key dates include a trade date of May 19, 2026, original issue date May 22, 2026, a determination date of May 21, 2029, and stated maturity of May 24, 2029. The pricing shows an underwriting discount of 1% and net proceeds equal to 99% of face amount. For U.S. tax purposes the notes are treated as contingent payment debt instruments with a comparable yield of 4.81% per annum.

GS Finance Corp. is offering $Callable Contingent Coupon Index-Linked Notes due June 1, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.709 per $1,000 (approx. 0.8709% monthly; up to ~10.45% annually) when each underlier is at or above 70% of its initial level on the related observation date. If not redeemed, principal repayment at maturity depends solely on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500) relative to a 70% trigger buffer; losses can equal the lesser performing underlier return (you may lose your entire investment). The issuer may redeem the notes on coupon payment dates beginning December 2026 through May 2029, returning $1,000 per note plus any then-due coupon.

GS Finance Corp. is offering structured, non‑interest notes linked to a weighted basket (65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets) with an expected trade date of May 28, 2026, an expected original issue date of June 2, 2026, an expected call observation date of June 4, 2027, and an expected stated maturity of June 2, 2031.

The notes pay no periodic interest and may be automatically called on the call observation date for $1,150 per $1,000 face amount if the basket closing level is greater than or equal to the initial basket level (100). If not called, the maturity payoff depends on the basket return: up to 200% upside participation when positive, principal preserved if the final basket level is at or above 65% of initial, and downside exposure below that buffer (potential loss of substantial or all principal).

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes due June 8, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class C common stock of Dell Technologies Inc. ("DELL UN"). Coupons are monthly and paid only if the underlier's closing level on an observation date is at or above 50% of the initial level. The notes will be automatically called if the underlier closes at or above the initial level on any call observation date. At maturity, if not called, payment per $1,000 face amount is $1,000 if the final underlier level is at or above the 50% trigger buffer; otherwise payment equals $1,000 plus $1,000 times the underlier return, which could result in the loss of the entire investment.

The pricing supplement describes offered notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The offering has an aggregate face amount of $2,841,000 and $1,000 face amount per note. The notes pay no interest and mature on June 21, 2027, with the final cash payment determined from the arithmetic average of the S&P 500 closing level on ten averaging dates in June 2027, measured from an initial underlier level of 7,501.24 set on May 14, 2026.

At maturity the holder receives: (1) if the final underlier level is above the initial level, a positive return equal to the 150% upside participation rate of the underlier return subject to a $1,131.50 maximum settlement amount; (2) if the final level is between the initial level and the 90% buffer level, the face amount of $1,000; or (3) if the final level is below the buffer level, a loss equal to the decline beyond the buffer (buffer amount 10%, buffer rate 100%), which can materially reduce principal. The notes are part of the Medium-Term Notes, Series F program and are subject to the issuer and guarantor credit risk, limited secondary-market liquidity, distribution conflicts of interest, and uncertain U.S. federal income tax treatment.

GS Finance Corp. priced a two-year market-linked note tied to the S&P 500® Index. The notes have an aggregate face amount of $3,744,000 and pay no interest. At maturity you receive a cash payment per $1,000 face amount that depends on the index performance, subject to a $1,275 cap and an 85% buffer level.

If the final index level is at or above the initial level you receive the index return up to the cap. If the final level is down but within the 15% buffer you receive the absolute decline as a positive return. If the final level is more than 15% below the initial level you suffer a proportional loss of principal. Trade date is May 19, 2026, original issue date May 22, 2026, determination date May 19, 2028, and stated maturity May 24, 2028.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term, principal‑at‑risk notes linked to the S&P 500 Index. Each $1,000 face amount will pay no interest and will settle in cash at maturity on November 24, 2028 (determination date November 20, 2028), with payoff determined by the S&P 500 final level versus an 80% buffer. If the final underlier level is ≥ the buffer level, holders receive a capped maximum settlement amount of $1,184 per $1,000; if below the buffer level, losses are linear at 1% of face for each 1% decline below the buffer (after applying the 20% buffer mechanism). The notes are issued at 100% of face, carry an underwriting discount of 0.8%, and do not bear interest. Cash‑flow treatment and tax characterization are described in the supplement; purchase and resale liquidity and issuer/guarantor credit risk apply.