Goldman Sachs Group Inc. 424B Filings

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 21, 2029 that pay interest at 4.65% per annum from an original issue date expected to be June 5, 2026. Interest is payable annually on expected payment dates of June 5 (first payment expected June 5, 2027). The issuer may redeem the notes in whole, but not in part, on expected quarterly redemption dates on or after June 5, 2027, at a 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 a new issue with no established trading market. Pricing details, underwriting discounts and total proceeds to the issuer are presented in the pricing supplement and will vary by investor class.

GS Finance Corp. is offering callable contingent coupon index-linked notes due June 3, 2031 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent quarterly coupon of $20 per $1,000 (2% quarterly, up to 8.00% per annum) only if each underlier meets a coupon trigger of 70% of its initial level on the related observation date. The cash settlement at maturity (per $1,000 face amount) is determined by the lesser performing underlier return relative to its initial level, with a trigger buffer at 60% of the initial level; if the lesser performing underlier declines below the trigger buffer level investors may lose a substantial portion or all of their principal. The issuer may redeem the notes on any coupon payment date commencing in June 2027, and the notes are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering principal-at-risk notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (Bloomberg: SPAR4V6). The notes mature on May 22, 2031 unless automatically called on quarterly call observation dates beginning in November 2026.

Key mechanics: the initial underlier level is 498.27; monthly coupons of $12.50 per $1,000 face amount (1.25% monthly, up to 15% per annum) are paid only when the index closing level on a coupon observation date is at least 50% of the initial level. The index applies a fixed daily decrement of 6.0% per annum and may employ up to 500% leverage. Estimated value at pricing was approximately $961 per $1,000 face amount; original issue price is 100% with a 1% underwriting discount. Investors bear issuer and guarantor credit risk and significant index-specific risks, including leverage, the daily 6% decrement and potential loss of principal.

GS Finance Corp. is offering indexed, non‑interest notes linked to a weighted basket of the S&P 500® Futures Excess Return Index (70%), the MSCI EAFE Index (20%) and the MSCI Emerging Markets Index (10%). The notes mature on May 22, 2031 and may be automatically called if the basket closing level on the call observation date (May 26, 2027) is greater than or equal to the initial basket level (100). If automatically called the cash payment will equal $1,150 per $1,000 face amount. At maturity, if not called, payoff depends on the basket return: positive returns pay a leveraged upside (participation rate 225%), returns between 0% and -30% pay principal ($1,000), and declines worse than -30% result in a pro rata loss of principal. The pricing supplement states an estimated value at issuance of approximately $969 per $1,000 face amount and an original issue price of 100% with a 1% underwriting discount. Investors remain exposed to issuer and guarantor credit risk, futures‑specific risks (including negative roll yields), foreign market and currency risks, and tax and liquidity uncertainties.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due June 8, 2033, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, a 100% upside participation rate, and annual automatic call tests beginning on June 3, 2027. Payments at maturity depend on the index return; if the final index level is equal to or below the initial index level, holders receive the face amount only. The issuer discloses an estimated trade-date value of $850 to $880 per $1,000 face amount, below original issue price. The index measures a weighted, daily‑rebalanced portfolio of eligible assets subject to a 5% realized volatility control and a 0.65% per annum deduction, and may allocate substantially to hypothetical cash positions. Read the pricing supplement and accompanying prospectus materials for full terms and risks.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon index-linked notes due June 7, 2027. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, pay a contingent monthly coupon of $8.334 per $1,000 (0.8334% monthly, ~10.00% per annum) when each underlier is ≥ 80% of its initial level, and are automatically called if all underliers are ≥ their initial levels on a call observation date. If not called, maturity payment is tied to the performance of the lesser performing underlier versus its initial level (trigger buffer: 70%); investors could lose their entire investment. Trade date is May 28, 2026 and determination date is May 28, 2027. The notes are unsecured senior obligations and subject to the issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering Autocallable Leveraged Buffered SPDR® Gold Trust-Linked Notes due 2031 guaranteed by The Goldman Sachs Group, Inc., with an initial aggregate face amount of $15,350,000. The notes bear no interest, have an original issue price of 100% and may be automatically called on the call observation date of May 19, 2027 if the closing level of the SPDR® Gold Trust (GLD) is >= the initial level of $411.50, producing a capped cash payment of $1,120 per $1,000 on the call payment date. If not called, maturity is scheduled for May 22, 2031 and payoff depends on GLD performance: an upside participation rate of 127% applies if the final level is >= 90% of the initial level (a 10% trigger buffer); below that buffer the payoff equals the underlier return and principal can be fully lost. The pricing supplement notes an estimated value of ~$971 per $1,000 face amount at pricing, an underwriting discount of 0.75% and net proceeds of 99.25%. Payments are subject to the issuer’s and guarantor’s credit risk and to tax and market‑structure uncertainties.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering structured notes linked to two ETFs: the VanEck Gold Miners ETF (initial level $83.78) and the State Street SPDR S&P Bank ETF (initial level $61.98). The notes mature on February 27, 2029 unless automatically called on observation dates beginning November 2026. Monthly coupons of $11.459 per $1,000 (1.1459% monthly; ~13.75% p.a. potential) are payable only if each ETF closes at or above 70% of its initial level on a coupon observation date. At maturity the cash settlement depends on the lesser performing ETF versus buffer and trigger levels (buffer = 80%, trigger = 70% of initial). Estimated value at issuance was approximately $946 per $1,000. The notes are unsecured obligations subject to the credit risk of the issuer and guarantor and have an underwriting discount of 3.5%.

GS Finance Corp. is offering principal-protected‑style contingent notes linked to the Nasdaq-100 Technology Sector Index with a trade date of May 19, 2026 and a stated maturity of May 22, 2031. For each $1,000 face amount, holders receive cash at maturity determined by the underlier return subject to a maximum settlement amount of $2,050 and a trigger buffer of 30% (trigger buffer level = 70% of the initial level). Notes pay no interest; if the final underlier level falls below the trigger buffer level, investors suffer proportional principal loss and could lose their entire investment. The notes are issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc., sold at 100% of face with an underwriting discount of 1.125%.

GS Finance Corp. is offering Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes link payout to the lesser performing of the Nasdaq-100 and the S&P 500, with an upside participation rate of 109.25%. Key dates include a trade date: May 29, 2026, original issue date: June 3, 2026, determination date: May 29, 2029 and stated maturity date: June 1, 2029. For each $1,000 face amount, holders receive (a) $1,000 plus upside participation times the lesser performing underlier return if both underliers finish above their initial levels; (b) $1,000 if both finish at or above their buffer levels (85% of initial); or (c) a reduced cash amount if the lesser performing underlier finishes below its buffer, producing potential substantial principal loss. The notes do not pay interest.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. The offering aggregates $15,393,000 of face amount and pays a contingent monthly coupon of $8.209 per $1,000 (0.8209% monthly, up to ~9.85% per annum) when each underlier is at or above 70% of its initial level on observation dates. The notes include an automatic call if all underliers are at or above their initial levels on any call observation date. If not called, maturity payoff for each $1,000 depends on the lesser performing underlier: full principal is returned when that underlier is at or above 60% of its initial level, but losses occur when it finishes below 60%, potentially resulting in loss of the entire investment. Trade date is May 19, 2026 and stated maturity is May 22, 2031. The notes are senior unsecured obligations issued at 100% of face amount with a 0.6% underwriting discount.

GS Finance Corp. is offering notes with an aggregate face amount of $548,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The notes pay a contingent monthly coupon and are subject to an automatic call; principal at maturity (if not called) is tied to the performance of the lesser performing underlier.

Coupons are paid only if each underlier is at or above a 75% coupon trigger on observation dates; a 60% trigger buffer determines loss at maturity. The underliers are the ETFs XLE, XLK and XLU. Trade date is May 19, 2026, original issue date May 22, 2026, and stated maturity is May 24, 2029. The notes carry issuer and guarantor credit risk and may result in loss of principal up to 100% if the lesser performing underlier falls below its trigger buffer level.

GS Finance Corp. offers $4,002,000 of medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $11.25 per $1,000 (1.125% monthly, potential up to 13.50% per annum) when the underlier meets the coupon trigger level. The underlier is Freeport‑McMoRan Inc. common stock with an initial underlier level of $58.70. Coupon trigger and trigger buffer levels are 58% of the initial underlier level. The notes include an automatic call if the underlier closing level on a call observation date is greater than or equal to the initial underlier level; if called, holders receive $1,000 per $1,000 face amount plus the coupon then due. If not called, cash settlement at maturity (stated maturity June 24, 2027) is either $1,000 if the final level is at or above the trigger buffer or an amount equal to $1,000 × (1 + underlier return) if below, meaning investors could lose their entire investment. Original issue price is 100% of face amount; underwriting discount is 2.15% and net proceeds to issuer are 97.85%.

GS Finance Corp. is offering S&P 500®-linked, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $1,500,000, a stated maturity of August 24, 2027, and pay no interest. The cash settlement at maturity for each $1,000 face amount depends on the S&P 500 closing level on the determination date relative to the initial level of 7,353.61. Investors share upside at an 110% participation rate capped at a $1,112.50 maximum settlement; losses occur if the final level falls below a 90% buffer, with full downside mechanics described in the supplement. The notes were priced on May 19, 2026 with an original issue price equal to 100% of face and an underwriting discount of 2.35%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, autocallable, contingent-monthly-coupon notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The notes have a $2,610,000 aggregate face amount, pay a monthly contingent coupon of $9.167 per $1,000 (0.9167% monthly, up to ~11.00% annually) if each underlier is ≥70% of its initial level on an observation date, and can be automatically called if all underliers are ≥ their initial levels on any call observation date. Trade date is May 19, 2026, original issue date May 22, 2026, and stated maturity is May 22, 2031. At maturity, if not called, principal repayment depends solely on the lesser performing underlier relative to its initial level (60% buffer; below buffer you incur proportional loss), so you could lose your entire investment. The notes are subject to issuer/guarantor credit risk, limited secondary-market liquidity, model-based pricing by GS&Co., and uncertain U.S. tax treatment.

GS Finance Corp. is offering structured, cash-settled medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return either the face amount at maturity or, if the S&P 500® Futures Excess Return Index (the underlier) finishes above its initial level, a payoff equal to the face amount plus 135% of the underlier return. The notes trade date is May 19, 2026, original issue date May 22, 2026, and stated maturity date May 22, 2031 (determination date May 19, 2031). Aggregate face amount shown: $603,000. Original issue price is 100% of face with an underwriting discount of 1.125% and net proceeds to issuer of 98.875%. The notes reference E-mini S&P 500 futures (not the cash S&P 500 index); negative roll yields and implicit financing costs in futures can reduce the underlier and the payable amount. U.S. federal tax treatment uses a comparable yield of 5.02% and a projected maturity payment of $1,285.86 per $1,000 for accrual purposes.

GS Finance Corp. is offering Leveraged Buffered Basket-Linked Notes due May 24, 2028 linked to a weighted basket (50% S&P 500®, 30% MSCI EAFE, 20% MSCI Emerging Markets). The notes pay no interest and return at maturity depends on the basket return from the trade date May 19, 2026 to the determination date May 19, 2028.

Holders receive 1.5× the positive basket return subject to a cap (cash capped at $1,260 per $1,000 face amount). If the basket declines up to 12%, holders receive the absolute value of that decline as a positive payout; if the basket falls below 88% of initial, holders suffer a leveraged loss (~1.13636% loss of face per 1% decline below 88%). The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; payment at maturity is subject to issuer and guarantor credit risk.

GS Finance Corp. priced Russell 2000®-linked, principal-protected notes due May 23, 2030, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either the face amount or, if the Russell 2000 final level exceeds the initial level, the face amount plus the underlier return subject to a $1,457.50 maximum settlement amount. The notes pay no interest, are treated as contingent payment debt instruments for U.S. tax purposes, and are exposed to issuer/guarantor credit risk, limited secondary-market liquidity, and tax withholding rules described in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to four individual stocks with a stated maturity of May 29, 2029. Payments depend on monthly observation-date stock closes versus initial prices set on the trade date (May 19, 2026). Coupons may be paid only when every index stock closes at or above 70% of its initial price on an observation date; otherwise the coupon for that period is $0. The final cash settlement is determined by the lesser performing index stock versus its initial price and includes a 60% trigger buffer (below which principal is exposed) and a 40% hard downside that can cause large principal losses. The estimated value at pricing was approximately $931 per $1,000 face amount; original issue price is 100% with an underwriting discount of 3.3%.

The issuer, GS Finance Corp., is offering Vanguard Value ETF-linked notes due May 24, 2029 with payments tied to the Vanguard Value ETF (ticker VTV) performance from the trade date May 19, 2026 to the determination date May 21, 2029. For each $1,000 face amount, investors receive $1,000 if the ETF return is zero or negative; if the ETF return is positive the investor receives $1,000 plus the ETF return up to a maximum settlement amount of $1,240.5. Key terms include an initial underlier level of $207.08, an upside participation rate of 100%, and a cap at 124.05% of the initial level. The estimated value on the trade date is approximately $975 per $1,000 face amount; the original issue price is 100% with a 1% underwriting discount. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-at-risk notes linked to a weighted basket of three equity indices with a stated maturity of May 22, 2031 and an automatic call feature on the call observation date of May 26, 2027.

Each note has a face amount of $1,000 and pays no interest. If the basket is at or above the initial level on the call observation date, each $1,000 note will be redeemed at $1,160 on the call payment date. At final maturity the cash settlement depends on the basket return: positive returns receive 200% participation, returns between 0% and -30% return principal, and declines below -30% produce pro rata losses (the trigger buffer is 70% of the initial basket level). The estimated value on the trade date was approximately $971 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due May 24, 2029 linked to the Class A common stock of CoreWeave, Inc. The notes pay a contingent quarterly coupon of $80 per $1,000 (8% quarterly, up to 32.00% per annum) when the underlier meets the coupon trigger (50% of the initial level). The notes are automatically called if the underlier closes at or above the initial level on any call observation date; maturity settlement is cash and depends on the final underlier level, with potential loss of principal if the final level is below the 50% trigger buffer. Trade date is May 21, 2026 and original issue date is May 27, 2026. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on May 22, 2031 unless automatically called on quarterly call observation dates beginning in May 2029. The initial underlier level is 498.27 (trade date May 19, 2026); a monthly coupon of $11.667 per $1,000 is payable only when the index closing level on a coupon observation date is >= 60% of that initial level. The index applies leverage (up to 500%), a cap on daily leverage change (100%), and a fixed daily decrement of 6.0% per annum, which reduces index levels over time. The pricing supplement states an estimated value of approximately $952 per $1,000 face amount on the trade date. The notes are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk.

GS Finance Corp. priced an offering of Principal at Risk structured notes guaranteed by The Goldman Sachs Group, Inc. for an aggregate stated principal amount of $4,488,000 linked to an equally weighted 10-stock basket. The securities pay $1,225 per $1,000 if automatically called on the call observation date and otherwise provide a leveraged upside (leverage factor 125.00%) above the initial basket value or limited positive returns for moderate declines down to a downside threshold of 80.00%, but investors are exposed to full downside below that threshold. Key dates include a pricing date of May 15, 2026, an original issue date of May 20, 2026, a call observation date of May 24, 2027, and a stated maturity date of June 5, 2028. The estimated model value at pricing was approximately $922 per $1,000; the offering price equals stated principal amount. The securities do not pay interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8 per $1,000 (0.8% monthly, up to 9.6% annually) if each underlier meets its coupon trigger level on observation dates. The notes are automatically called if each underlier equals or exceeds its initial level on any call observation date. At maturity, if not called, cash settlement per $1,000 depends solely on the lesser performing underlier: if that underlier is below its trigger buffer level (50% of initial), investors can lose principal; if at or above the buffer, repayment may be full. Initial underlier levels are listed as of May 20, 2026. Trade date is May 22, 2026 and stated maturity is May 24, 2029.

GS Finance Corp. is offering principal-protected structured notes (face amount per note $1,000) linked to the VanEck Gold Miners ETF (GDX) and the iShares® Silver Trust (SLV). The notes mature expected June 5, 2029 but include automatic call features beginning with a call observation date on May 27, 2027. If, on a call observation date, the closing level of each ETF is greater than or equal to its initial level, the notes will be automatically redeemed and pay the face amount plus a call premium (the supplement shows 8.1% for the first call, 16.2% for the second). At maturity (if not called), holders receive $1,000 plus the lesser performing ETF return multiplied by a 100% upside participation rate, but receive only the face amount if either ETF’s final level is equal to or below its initial level. The pricing supplement discloses an estimated value on the trade date of $925–$955 per $1,000 face amount, and emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. / Goldman Sachs (GS) is offering structured, non‑interest notes linked to three individual stocks: Amphenol (Class A), Monster Beverage and Monolithic Power Systems. The notes have a $1,000 face amount and an automatic call feature; if all three stocks are ≥ 75% of their initial prices on the call observation date, the notes will be called and pay $1,140.001 per $1,000 on the call payment date. If not called, payoff at maturity depends on the lesser performing stock: upside participation is 200% if all final prices exceed their initials; full principal is returned if all final prices are ≥ 60% of initial; below 60% the notes suffer amplified losses (approx. 1.6667% loss of face per 1% decline below 60%), with the potential loss of the entire investment. The estimated value on the trade date is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering callable, contingent coupon, index-linked notes due June 1, 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.417 per $1,000 (1.0417% monthly, ~12.50% annually) only if each underlier is ≥ its coupon trigger level (70% of its initial level) on the related coupon observation date. If not redeemed early, principal at maturity will be cash per $1,000 face amount: either $1,000 if every final underlier ≥ trigger buffer (70%), or $1,000 + ($1,000 × the lesser performing underlier return) if any underlier is below 70%, exposing investors to up to a 100% loss of principal. Underliers are the Nasdaq-100, Russell 2000 and S&P 500. The issuer may redeem the notes on specified coupon payment dates beginning with the coupon observation date in August 2026. Trade date is May 27, 2026 and original issue date is June 1, 2026.

GS Finance Corp. offers structured, non‑interest bearing notes linked to Joby Aviation, Inc. common stock. The notes measure performance from an initial index stock price of $10.07 set on May 20, 2026 to a determination date expected on November 22, 2027

For each $1,000 face amount, holders receive $1,650 if the final index stock price is ≥ 60% of the initial price, otherwise the payment equals $1,000 plus $1,000 times the index stock return (which can produce a full loss). The estimated value on the trade date is $925–$955 per $1,000 face amount.

GS Finance Corp. offers index-linked notes due expected December 31, 2026, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount is linked to the performance of the lesser performing of the Nasdaq-100, Russell 2000 and S&P 500 from the trade date to the determination date, subject to a minimum settlement amount of $900, a maximum settlement amount of $1,170, and a cap level of 117%. The notes pay no interest; estimated value at pricing is $925–$955 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and to calculation agent determinations, market disruption provisions and tax rules described in the supplement.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due July 21, 2027. The notes pay interest at 4.00% per annum from the original issue date (May 21, 2026) to but excluding maturity and make interest payments on Nov 21, 2026, May 21, 2027 and Jul 21, 2027. The offering size is $3,000,000 at an initial price to the public of 100%. The issuer may redeem the notes in whole (not in part) on specified redemption dates (Nov 21, 2026, Feb 21, 2027, May 21, 2027) at 100% of principal plus accrued interest, with at least five business days’ prior notice. The underwriter concession is up to 0.23% ($6,900) and estimated issuer offering expenses are approximately $15,000.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index. The notes pay quarterly contingent coupons (set on the trade date) in a range between $0.29375 and $0.3125 per $10 face amount (up to 11.75%–12.50% per annum), are callable beginning on the November 2026 call observation date, and have an expected stated maturity in May 2029. The pricing supplement states an estimated value at pricing of $9.80–$9.99 per $10 face amount and warns that you may lose a substantial portion or all of your investment if the lesser performing index finishes below the 75.00% downside threshold at maturity. Minimum initial purchase is $1,000. The notes are unsecured obligations of GS Finance Corp., and any payment is subject to the issuer’s and guarantor’s creditworthiness.

The issuer GS Finance Corp. is offering principal-at-risk, non‑interest bearing structured notes linked to the common stock of Boston Scientific Corporation. For each $1,000 face amount, holders will receive $1,126.5 at maturity if the final stock price is at least 60% of the initial price; if the final price is more than 40% below the initial price, holders absorb the full downside and may lose up to their entire investment. The trade date, pricing and initial index stock price are expected on May 20, 2026, with an original issue date expected on May 26, 2026, a determination date expected on June 21, 2027 and a stated maturity expected on June 24, 2027. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount, and payments depend on GS Finance Corp.'s and The Goldman Sachs Group, Inc.'s creditworthiness.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest notes maturing on May 29, 2031 (expected). Payment at maturity is linked to an equally weighted basket of six stocks: AMD, Broadcom, CoreWeave, Meta, Palantir, Tesla. The notes pay at maturity: (1) if the basket return is positive, $1,000 plus 150% participation in the basket return; (2) if the basket return is between 0% and -30%, $1,000; (3) if the basket return is below -30%, a pro rata loss (you could receive less than 70% of face). The issuer may redeem the notes on scheduled call payment dates (first expected call date June 1, 2027) at cash amounts determined by the specified call premium schedule. The estimated value at issuance is between $885 and $925 per $1,000 face amount. The notes do not pay dividends or interest, are unsecured obligations subject to issuer and guarantor credit risk, and include anti‑dilution, market disruption and calculation agent provisions.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected, buffered, callable notes linked to two ETFs (SPDR® Gold Trust and State Street® Energy Select Sector SPDR® ETF). The notes have an expected trade date of May 27, 2026, an expected original issue date of June 1, 2026 and an expected stated maturity date of May 4, 2029. Coupons may be paid monthly only if both ETFs meet a 68.75% trigger on an observation date; the coupon accrues at $5.834 per $1,000 per coupon observation count (0.5834% monthly). If not called, principal at maturity depends on the lesser performing ETF with an 80% buffer level and a 68.75% coupon trigger; investors face issuer and guarantor credit risk. The estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering Trigger Autocallable GEARS due, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Eli Lilly (Bloomberg: LLY UN). The securities have an autocall barrier at 100.00%, upside gearing of 1.50, and a downside threshold of 70.00%. Expected trade date is May 22, 2026 with original issue date May 28, 2026, a call observation date of May 28, 2027, and a determination date of May 22, 2029. Payments depend on Eli Lilly closing prices on specified observation dates; principal is contingent at maturity and payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to three underliers: the EURO STOXX® Banks Index, the State Street® Consumer Discretionary Select Sector SPDR® ETF and the State Street® Energy Select Sector SPDR® ETF. The notes have an expected trade date of May 29, 2026 and an expected stated maturity of June 5, 2029. Monthly coupons accrue only if each underlier’s closing level on an observation date is at least 60% of its initial level, using a coupon formula of $9.875 per $1,000 face amount (0.9875% monthly; up to 11.85% per annum). If any underlier’s final level is below 60% of its initial level at maturity, the cash settlement is reduced based on the lesser performing underlier, potentially resulting in a loss of most or all principal.

The calculation agent is Goldman Sachs & Co. LLC. Estimated model value at pricing is between $925 and $955 per $1,000 face amount; the original issue price and aggregate amount are set on the trade date. Payments depend on issuer and guarantor creditworthiness; secondary market liquidity is not guaranteed.

GS Finance Corp. is offering autocallable S&P 500® Futures Excess Return Index‑linked notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face amount will pay $1,160 if automatically called on the call payment date when the underlier closes at or above the initial level on the call observation date. If not called, maturity payoffs depend on the final underlier level: upside participation is 250%, a trigger buffer is set at 70% of the initial level, and losses can reach the full principal amount if the final level is below the trigger buffer. The underlier is the S&P 500® Futures Excess Return Index (based on E‑mini S&P 500 futures), which reflects futures pricing, financing costs and roll yields rather than spot S&P 500 returns. The trade date is May 29, 2026 and original issue date is June 3, 2026.

GS Finance Corp. is offering leveraged, S&P 500® Futures Excess Return Index‑linked notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, investors receive either $1,000 or $1,000 plus the upside participation rate times the underlier return depending on performance.

The notes do not pay interest. The upside participation rate is 150.13%. The underlier is the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures exposure), measured from the trade date May 29, 2026 to the determination date May 29, 2031. The issuer discloses material risks including negative roll yield, market disruption events, secondary‑market illiquidity, and credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Autocallable Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes are cash‑settled, pay no interest and reference the Nasdaq‑100 and S&P 500 indexes. They will be automatically called on the call payment date if each underlier's closing level on the call observation date is greater than or equal to its initial level, in which case holders receive $1,070 per $1,000 face amount. If not called, the maturity payment depends solely on the lesser performing underlier; upside participation is 100%. Trade date is May 22, 2026, original issue date is May 28, 2026, determination date is May 22, 2029, and stated maturity is May 25, 2029. The pricing supplement states that final terms (including issue price and net proceeds) will be set on the trade date and that the original issue price may exceed the notes' estimated model value.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due 2029. For each $1,000 face amount, if the final underlier level is greater than the initial level you receive $1,000 plus $1,000 × 120.5% × the underlier return; if the final underlier level is equal to or less than the initial level you receive $1,000. The notes pay no interest, are cash‑settled, reference the E‑mini S&P 500 futures (SPXFP Index), and are subject to issuer and guarantor credit risk, market‑disruption adjustments, negative roll yields from futures contango, and special U.S. tax rules for contingent payment debt instruments.

The issuer, GS Finance Corp., is offering Autocallable Equity-Linked Notes due 2030 linked to the common stock of Amazon.com, Inc.. The notes pay no interest, may be automatically called on quarterly observation dates if the underlier is at or above its initial level, and have a capped upside (44.00% at maturity). If not called, the notes provide a buffer at 80% of the initial underlier level and can produce substantial losses if the final underlier level falls below that buffer. 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. Terms (including initial underlier level and aggregate face amount) will be set on the trade date.

GS Finance Corp. offers principally‑protected, callable medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement describes notes with an aggregate face amount of $1,071,000, a contingent monthly coupon of $11.667 per $1,000 face amount (1.1667% monthly, up to ~14.00% per annum) and an automatic call feature commencing on May 18, 2027. Coupon payments occur only if each referenced underlier (Broadcom, Intel, Microsoft) is >= 70% of its initial level on the relevant observation date; otherwise the coupon for that month is $0. The notes pay par ($1,000) at maturity if not called and carry the issuer/guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated value on the trade date was $940 per $1,000 face amount, below the original issue price; an additional amount of $18.75 declines to zero on August 17, 2026.

GS Finance Corp. offers $10,000,000 in autocallable, contingent-coupon index-linked notes due May 18, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly coupons of $31.25 per $1,000 (3.125% quarterly; up to 12.5% per annum) only if each index stays at or above 70% of its initial level during the related quarterly observation period, and are automatically called early if on any call observation date each index closes at or above its initial level (set on May 15, 2026). At maturity (if not called), repayment is linked to the lesser performing index: investors receive $1,000 per $1,000 if the lesser performing index return is >= -40% (final level >= 60% of initial); otherwise the cash payment equals $1,000 plus the lesser performing index return times $1,000, which can result in substantial principal loss. The offering price is 100% of face amount; underwriting discount 0.8%; net proceeds 99.2%. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay cash at maturity linked to the GSMBFC5 Index, have an upside participation rate of 100%, and may be automatically called annually if the index meets rising call levels. The index applies a 5% realized volatility control and a 0.65% per annum deduction, and may allocate material exposure to hypothetical cash positions. GS&Co.’s estimated trade-date value is $850 to $880 per $1,000 face amount; the notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable equity-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes reference Class A common stock of Alphabet Inc. and pay no interest. They may be automatically called quarterly if the underlier closing level is greater than or equal to the initial level on a call observation date, in which case holders receive principal plus a call premium tied to that call date. If not called, maturity cash settlement depends on the final underlier level, a buffer set at 80% of the initial level, and a capped maturity premium of 48.80%. The notes carry issuer and guarantor credit risk, potential for substantial loss if the final underlier level is below the buffer, limited secondary-market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. offers Trigger Callable Contingent Yield Notes guaranteed by The Goldman Sachs Group, Inc. The notes link to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100® and pay quarterly contingent coupons only if each index meets its coupon barrier every trading day during each observation period. The issuer may redeem on coupon dates from August 20, 2026 through November 24, 2028. At maturity (expected February 23, 2029) principal is contingent: if every index is at or above its 60% downside threshold, holders receive $10 per $10 face amount plus any final coupon; if the lesser performing index is below its downside threshold, holders receive a reduced cash settlement equal to $10 plus the lesser performing index return times $10, potentially losing a substantial portion or all of principal. The contingent coupon per $10 is at least $0.31 when conditions are met; estimated value on the trade date is $9.70–$9.99 per $10 face amount.

GS Finance Corp. offers structured notes linked to the common stock of ServiceNow, Inc., with an expected stated maturity of May 31, 2030 and quarterly coupons of $28.125 per $1,000 face amount (2.8125% quarterly, up to 11.25% per annum). The notes pay the face amount at maturity if the final index stock price is >= 50% of the initial index stock price; if the final index stock price is less than 50% of the initial index stock price, the cash settlement will decline pro rata based on the index stock return, potentially causing losses of most or all of the investment. The notes are subject to an automatic call feature on specified quarterly observation dates if the index stock closing price is >= the initial index stock price. The estimated value on the trade date is stated as $905 to $945 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; payments depend on issuer and guarantor creditworthiness.

GS Finance Corp. offers autocallable contingent coupon underlier-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF (XLU) and pay contingent monthly coupons subject to observation triggers.

Each $1,000 note may be automatically called on scheduled call observation dates if every underlier equals or exceeds its initial level. If not called, the cash settlement at maturity is tied to the lesser performing underlier versus a 75% buffer level (buffer amount 25%); investors can lose substantially, including their entire investment. Trade date is May 26, 2026, original issue date is May 29, 2026, and stated maturity is June 1, 2029.