Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering $1,808,000 of Market Linked Securities (auto‑callable, contingent coupon, principal at risk) guaranteed by The Goldman Sachs Group, Inc.. Each security has a $1,000 face amount, an original offering price of $1,000 and an estimated value at pricing of $958 per $1,000 face amount. The securities pay a monthly contingent coupon of $12.292 per $1,000 (approximately 14.75% per annum) only if the lowest performing underlying stock on a calculation day is at or above its coupon threshold (60% of starting price). The securities are linked to the lowest performing of Broadcom Inc. (starting price $425.19) and Microsoft Corporation (starting price $421.92), are callable beginning November 2026, and mature May 18, 2028. If not called, principal repayment at maturity depends on the lowest performing underlying stock versus its downside threshold (50% of starting price), and investors may lose a substantial portion or all of principal. These securities are unsecured obligations subject to issuer and guarantor credit risk and have no exchange listing.

GS Finance Corp. offers Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; principal repayment at maturity depends on the S&P 500 performance from the May 22, 2026 trade date to the June 4, 2027 determination date.

The notes provide a 10% buffer (buffer level = 90%) and a capped upside with a maximum settlement amount of at least $1,090.60 per $1,000 face amount. If the final underlier level is below the buffer level, holders lose approximately 1.1111% of face for every 1% decline below the buffer and may lose their entire investment.

GS Finance Corp. priced a $26,386,000 aggregate face amount offering of structured, non‑interest bearing notes linked to the common stock of NVIDIA Corporation. The notes may be automatically called on May 28, 2027 if NVIDIA’s closing price is ≥ the initial index stock price of $225.32, producing a capped cash payment of $1,240.50 per $1,000 face amount on the call payment date. If not called, maturity payment on May 15, 2028 depends on the final index stock price versus the initial index stock price, with a threshold settlement amount of $1,481 and a buffer at 80% of initial price (buffer rate 125%), exposing holders to full principal loss if the final index stock price falls sufficiently below the buffer. The estimated value on the trade date was approximately $969 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering aggregate face amount notes linked to four stocks (UPS Class B, T-Mobile, Home Depot, Walmart). The notes pay a monthly coupon of $6.375 per $1,000 if each index stock meets a 75% coupon trigger on observation dates, may be automatically called if each stock is at or above its initial price on a call observation date, and mature on May 22, 2031 unless earlier called. The trade date is May 15, 2026, original issue date May 20, 2026, original issue price 100%, estimated value approximately $946 per $1,000, underwriting discount 3.5%.

GS Finance Corp. offers $1,000,000 of medium-term notes linked to the VanEck Semiconductor ETF (SMH) with a two-year term and an automatic call feature. Each $1,000 face amount pays no interest; if automatically called on the call observation date the call payment equals $1,293 per $1,000. If not called, cash at maturity depends on the underlier return, a 100% upside participation rate, a 20% buffer (buffer level = 80% of initial level) and a buffer rate of 125%. The initial underlier level is $578.34 (closing level on May 14, 2026), trade date was May 15, 2026, original issue date May 20, 2026, determination date May 15, 2028, and stated maturity May 18, 2028. The notes are senior obligation of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., carry underwriting discount of 1.5% and net proceeds of 98.5% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non-interest bearing, autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. Trade date: May 15, 2026; stated maturity: May 20, 2031. If the final index level on the determination date is ≥101% of the initial index level (initial: 113.52), holders receive a capped maximum settlement of $1,485 per $1,000. If below 101%, holders receive $1,000 per $1,000. Notes may be automatically called on annual observation dates beginning May 2027; call returns range from 9.7% (May 2027) up to 38.8% (May 2030). The index applies volatility and momentum controls, can allocate substantially to cash-like positions, and charges a 0.65% per annum deduction. Estimated value on the trade date: approximately $931 per $1,000. Original issue price: 100%; underwriting discount: 1.375%.

GS Finance Corp. offers callable, non‑interest bearing equity‑linked notes linked to Deckers Outdoor Corp. stock. The notes have a stated maturity date of May 17, 2029 and an automatic call if the index stock closes at or above an initial index stock price of $94.89 on the call observation date of May 12, 2027, which would produce a $1,303 cash payment per $1,000 face amount on the call payment date of May 17, 2027. If not called, maturity payoff is based on the final index stock price on the determination date of May 14, 2029, with an upside participation rate of 150%, a trigger buffer price equal to 70% of the initial index stock price, and potential loss down to 0% of face. The estimated value at trade date is approximately $956 per $1,000 face amount; original issue price is 100% of face with an underwriting discount of 2% plus a structuring fee of up to 0.65%.

GS Finance Corp. offers fixed‑coupon notes linked to the S&P 500® Futures Excess Return Index. The notes pay a fixed $5 coupon per $1,000 (0.5% quarterly, up to 2% per annum) through May 2030 and mature on May 20, 2031. Principal at maturity depends on the underlier return measured from an initial level of 596.49 to the final level on the determination date; the notes pay the greater of a $1,450 threshold settlement or an index‑linked payoff when the underlier is flat or positive, provide absolute positive returns for negative returns down to a trigger buffer of 80%, and expose holders to full downside below that buffer (investors could lose their entire investment). The estimated value at pricing was approximately $965 per $1,000. The offering carries an original issue price of 100% and an underwriting discount of 0.75%.

GS Finance Corp. is offering medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $4,513,000. The notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly, up to 9.00% per annum) when each underlier is at or above a 70% coupon trigger level. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, are subject to an automatic call if all underliers equal or exceed their initial levels on a call observation date, and pay a cash settlement at maturity tied to the lesser performing underlier (you could lose your entire investment). Original issue price is 100% with a 3% underwriting discount (net proceeds 97%).

GS Finance Corp. offers structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $11,224,000. The notes pay a contingent monthly coupon and feature an automatic call opportunity; final cash at maturity depends on the performance of the lesser performing underlier (the worst of the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000). The coupon may pay 0.7625% monthly (up to 9.15% per annum) when each underlier meets a coupon trigger (75% of its initial level). If not called, principal repayment at maturity is 100% of face if the final level of the lesser performing underlier is at or above its trigger buffer (70% of initial); otherwise repayment equals $1,000 plus $1,000 times the lesser performing underlier return, exposing investors to potential loss of up to their entire investment. Trade date is May 15, 2026, original issue date May 20, 2026, and stated maturity is May 22, 2031.

The securities are Contingent Income Auto-Callable Securities issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Linked to the common stock of NVIDIA Corporation, the offering totals $31,752,000 aggregate principal and has a principal amount of $1,000 per security. The initial share price is $225.32 and the downside threshold is $112.66 (50.00%). Investors may receive a contingent quarterly coupon only if the underlying stock's closing price on a coupon observation date is at or above the downside threshold; the securities will be automatically called if the closing price on any call observation date is at or above the initial share price. At maturity, if not called, payment is $1,000 if the final share price is at or above the downside threshold, or $1,000 multiplied by the share performance factor if below, exposing holders to potential loss of principal, including total loss.

GS Finance Corp. offers $13,523,000 of indexed, contingent‑coupon medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent monthly coupons if each underlier meets 80% coupon triggers, feature a quarterly automatic‑call if all underliers are at or above their initial levels, and settle in cash at maturity based on the lesser performing underlier.

Payments and principal are subject to issuer/guarantor credit risk; investors can lose their entire investment if the lesser performing underlier finishes below its 70% trigger buffer level.

GS Finance Corp. is offering non‑interest bearing, basket‑linked notes due June 3, 2027. The notes pay a cash settlement per $1,000 face amount determined by the performance of an equally weighted basket of five stocks measured from the trade date May 15, 2026 to the determination date May 28, 2027.

The initial basket level is 100 and the threshold/buffer level is 90%. If the final basket level is ≥90% you receive a capped maximum settlement amount of $1,382 per $1,000. If the final basket level is below 90%, you incur losses at a buffer rate of ~111.11%, potentially losing your entire investment. The estimated value on the trade date was approximately $959 per $1,000; original issue price was $1,000 (100%) with a 1% underwriting discount (net proceeds 99%). The basket stocks are Broadcom, Micron, Seagate, TSMC (ADS), and Vertiv.

GS Finance Corp. is offering notes with an aggregate face amount of $14,545,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $9.25 per $1,000 (0.925% monthly, up to 11.10% per annum) only if each underlier closes at or above its coupon trigger level (75% of its initial level) on a coupon observation date.

The notes include an automatic call if, on any call observation date, each underlier closes at or above its initial underlier level; in that case holders receive $1,000 plus any coupon then due. If not called, the cash settlement at maturity is determined solely by the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500) and may result in substantial loss, including loss of the entire investment. Trade date: May 15, 2026; original issue date: May 20, 2026; stated maturity date: May 18, 2028.

GS Finance Corp. priced a structured, autocallable note linked to the VanEck Gold Miners ETF (GDX) and the Global X Copper Miners ETF (COPX). The offering has an aggregate face amount of $535,000 on the original issue date May 20, 2026. The notes pay no interest, mature on May 22, 2029 and include an automatic call if, on the call observation date May 17, 2027, the closing level of each ETF is greater than or equal to its initial level.

If automatically called, holders receive $1,332 per $1,000 face amount on the call payment date May 24, 2027. If not called, maturity payoff depends on the lesser performing ETF return: upside participation is 150%; there is an 80% buffer level per ETF (buffer amount 20%); estimated value at trade date was approximately $932 per $1,000 face amount.

GS Finance Corp. offers contingent monthly-coupon, barrier-linked notes tied to the Class A common stock of Zoom Communications, Inc. under a Pricing Supplement No. 24,510. The offering has an aggregate face amount of $510,000 and an original issue price of 100% of face amount. Each $1,000 note may pay a monthly coupon of $14.167 if the underlier closes at or above 60% of the initial level on an observation date. At maturity (determination date May 15, 2029; stated maturity May 18, 2029), cash settlement per $1,000 is either $1,000 if the final underlier level is greater than or equal to 60% of the initial level, or $1,000 plus ($1,000 × underlier return) if the final underlier level is below 60%—exposing holders to loss of principal, potentially the entire investment. The issuer may redeem the notes on specified coupon payment dates beginning in May 2027.

GS Finance Corp. offers market-linked, auto-callable notes (Series F) guaranteed by The Goldman Sachs Group, Inc. The securities are linked to the common stock of Oracle Corporation with a $1,000 face amount per security and a stated maturity of May 18, 2029. Pricing date is May 15, 2026 and original issue date is May 20, 2026.

The securities pay a contingent coupon of $12.375 per $1,000 (equivalent to 14.85% per annum) on monthly contingent coupon payment dates only if the stock closing price of Oracle on the related calculation day is at or above the coupon threshold (70% of the starting price). The starting price is $192.95. If any monthly calculation day meets or exceeds the starting price during the call window (November 2026–April 2029), the securities automatically call and pay the face amount plus a final contingent coupon and any previously unpaid coupons.

If not called, principal at maturity depends on the ending price relative to the downside threshold (80% of the starting price) and a fixed buffer of 20%; investors bear 1-to-1 downside exposure beyond the buffer and do not participate in upside or dividends. The estimated value at pricing was approximately $954 per $1,000 face amount, below the original offering price of $1,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, contingent‑coupon notes linked to the common stock of Amazon.com, Inc. The notes have a $1,000 face amount, aggregate face amount of $5,073,000, trade date May 15, 2026, original issue date May 20, 2026, and a stated maturity of May 18, 2029.

Coupon payments are contingent quarterly amounts payable only when the underlier closes at or above a 70% coupon trigger level. The notes are automatically called if the underlier closes at or above the initial underlier level ($264.14) on any call observation date. At maturity, if not called, cash settlement equals $1,000 if the final underlier level is at or above the 70% trigger buffer; otherwise the payment equals $1,000 × underlier return, which could result in a total loss of principal.

GS Finance Corp. is offering structured, autocallable notes linked to three underliers: the S&P 500® Index, the Russell 2000® Index and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have a stated maturity of May 18, 2029, monthly coupon opportunities of $9.875 per $1,000 (0.9875% monthly; up to 11.85% per annum) if each underlier is ≥70% of its initial level on an observation date, and an automatic call feature beginning in August 2026 if each underlier is ≥ its initial level. At maturity, if any underlier finishes below 70% of its initial level, the cash settlement is reduced pro rata based on the lesser performing underlier, potentially resulting in a loss of principal. 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. offers autocallable S&P 500® Index‑linked notes due May 20, 2030, guaranteed by The Goldman Sachs Group, Inc.

The offering is for an initial aggregate face amount of $230,000 and pays no periodic interest. The notes can be automatically called on scheduled call observation dates beginning in May 2027 if the S&P 500® closing level is greater than or equal to the initial index level of 7,408.50. If called, each $1,000 face amount will pay principal plus a call premium (first call premium: 8.25% on May 27, 2027). If not called, maturity payoff on May 20, 2030 is based on index performance: the maximum settlement is $1,330 per $1,000 if the final index level is ≥ 70% of the initial level; if lower, repayment equals $1,000 plus $1,000 times the index return, which can result in a total loss of principal.

The estimated value at pricing is approximately $989 per $1,000 face amount (below the issue price). Purchasers are exposed to issuer and guarantor credit risk, capped upside, potential loss of principal, limited secondary market liquidity, and U.S. federal income tax uncertainty.

GS Finance Corp. is offering structured notes (Pricing Supplement No. 24,587) guaranteed by The Goldman Sachs Group, Inc. The notes link payments to the performance of three underliers: the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF (XLK). The notes may pay a contingent monthly coupon of $10.125 per $1,000 (i.e., 1.0125% monthly; up to 12.15% per annum) only if each underlier is at or above 80% of its initial level on a coupon observation date.

Each call observation date may trigger an automatic full call if every underlier is at or above its initial level; otherwise the maturity cash settlement depends solely on the lesser performing underlier and includes a 20% buffer (buffer level = 80%). The notes were issued at 100% of face with an underwriting discount of 0.95% (net proceeds 99.05%). Trade date: May 15, 2026; stated maturity: May 18, 2029.

GS Finance Corp. offers structured, non‑interest-bearing notes linked to an equally weighted 7‑stock basket. The notes have an aggregate face amount of $13,320,000 on the original issue date and pay a cash settlement at maturity based on the basket performance measured from the trade date May 15, 2026 to the determination date May 28, 2027. For each $1,000 face amount, holders receive $1,215.3 if the final basket level is at least 85% of the initial basket level (initial level 100); otherwise losses apply and can reach a total loss of principal. The notes do not bear interest, the estimated value on the trade date was approximately $960 per $1,000 face amount, and payment is subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon, autocallable notes linked to the Dow Jones Industrial Average, Russell 2000 and S&P 500. The notes pay a quarterly coupon of 1.9125% (up to 7.65% per annum) if each underlier meets its 70% coupon trigger on observation dates. They will be automatically called if all underliers are at or above their initial levels on any call observation date. At maturity (if not called), payment is based on the lesser performing underlier using a trigger buffer of 55% of initial levels, exposing investors to potential total loss of principal. Trade date: May 15, 2026; original issue date: May 20, 2026; stated maturity: May 20, 2031. The aggregate initial face amount listed is $5,549,000 and the original issue price is 100% of face amount (underwriting discount 2%, structuring fee up to 0.65%).

GS Finance Corp. is offering Medium-Term Notes, Series F linked to an unequally weighted basket, aggregate face amount $500,000. The securities mature on May 20, 2030 and are equity index linked securities guaranteed by The Goldman Sachs Group, Inc.

Each $1,000 face amount security provides 100% upside participation to a maximum return of 44.85% (maximum maturity payment $1,448.50), a 25% buffer on initial losses (threshold level = 75), and 1-to-1 downside exposure beyond the buffer (investors may lose up to 75% of face). The estimated value on the pricing date was approximately $957 per $1,000 and the original offering price is $1,000 per security; underwriting discount is $33.25 (3.325%) and proceeds to issuer are $966.75 per security.

GS Finance Corp. is offering $510,000 aggregate face amount of medium‑term, cash‑settled notes linked to the S&P 500® Index. The notes pay no interest and mature on November 17, 2027 with final payment determined by the underlier performance on the November 15, 2027 determination date.

Key economics: an upside participation rate of 150% subject to a maximum settlement amount of $1,187.50 per $1,000 face amount, a buffer equal to 10% (buffer level 90% of initial), and a buffer rate of approximately 111.11%. If the final underlier level is at or above the buffer but below initial, investors receive principal; if it falls below the buffer, losses accrue at ~1.1111% of face for each 1% decline below the buffer, potentially resulting in a total loss of principal.

GS Finance Corp. is offering medium-term structured notes guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $5,924,000. The notes pay a contingent monthly coupon of $7.375 per $1,000 (0.7375% monthly; potential up to 8.85% per annum) provided each underlier meets a 70% coupon trigger on observation dates. The notes feature an automatic call on quarterly observation dates if each underlier equals or exceeds its initial level; if not called, the cash settlement at maturity is based solely on the lesser performing underlier, exposing holders to potential loss of principal (up to a 100% loss of invested principal if the lesser performing underlier falls to 0%). The trade date is May 15, 2026, original issue date May 20, 2026, and stated maturity date May 22, 2031. Key underliers are the Nasdaq-100, Russell 2000 and S&P 500 indices; trigger buffer and coupon trigger levels equal 70% of each index's initial level.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured notes linked to the VanEck Gold Miners ETF (GDX) and the Global X Silver Miners ETF (SIL). The notes pay a monthly coupon only if both ETFs meet 80% buffer tests on observation dates and mature on May 22, 2031 unless automatically called. Notes are automatically called if both ETFs are at or above their initial levels on a call observation date, delivering face amount plus accrued coupon. The cash settlement at maturity, if not called, depends on the lesser performing ETF; losses apply if that ETF finishes below 80% of its initial level. The pricing supplement states an estimated value of approximately $910 per $1,000 face amount on the trade date.

GS Finance Corp. offers contingent quarterly coupon structured notes linked to Meta Platforms, Inc. stock (the underlier). The notes have an aggregate face amount of $1,127,000, a $1,000 face amount per note, an initial underlier level of $614.23, and a stated maturity of May 18, 2028. Coupon payments are contingent each quarter when the underlier closing level is at or above 60% of the initial level; if the final underlier level at determination is below the 60% trigger buffer, holders will incur losses equal to the underlier return times the face amount and could lose their entire investment.

GS Finance Corp. is offering structured notes (aggregate face amount $11,737,000) due May 20, 2031 that pay a contingent quarterly coupon and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Russell 2000 and S&P 500. Coupons of $23 per $1,000 (a 2.3% quarterly coupon, up to 9.20% per annum) are payable subject to the automatic call feature if each underlier is at or above its coupon trigger level (70% of initial). The notes will be automatically called on a call payment date if each underlier is at or above its initial level on the related call observation date, in which case holders receive $1,000 plus the coupon then due. If not called, the maturity payout per $1,000 depends solely on the lesser performing underlier and may be as low as 0% of face, meaning investors could lose their entire investment. The notes include underwriting/structuring fees (structuring fee up to 0.65%) and are subject to the issuer and guarantor credit risk and uncertain U.S. federal income tax treatment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering conditional, non-interest bearing notes linked to an Eaton Corporation plc ordinary share. The notes have an initial index stock price of $399.44, an upside participation rate of 149.5%, a 20% buffer and an automatic-call feature.

If the closing price on the call observation date (May 17, 2027) is >= $399.44, the notes will be automatically redeemed on the call payment date for $1,150 per $1,000 face amount. If not called, the determination date is May 15, 2029 and maturity is May 18, 2029, with payoffs varying by final index price (including limited protection for declines up to 20% and potential losses if declines exceed that buffer).

The aggregate original face amount was $353,000 on the original issue date, original issue price was 100%, underwriting discount 1.2%, and the estimated value at pricing was approximately $973 per $1,000 face amount.

GS Finance Corp. offers non‑interest bearing, callable notes linked to an equally weighted five‑stock defense and aerospace basket. The notes have an initial basket level of 100, a 200% upside participation rate, a trigger buffer of 75% and mature on May 18, 2028 (call observation date May 24, 2027). On the call payment date the notes will be redeemed for $1,116 per $1,000 face amount if the basket closing level on the call observation date is greater than or equal to the initial basket level. At maturity the cash settlement depends on the basket return: positive returns pay $1,000 plus $1,000×200%×basket return; returns between the trigger buffer and the initial level return $1,000; returns below the trigger buffer produce a pro rata loss of principal.

Key economics: original issue price is 100% of face amount, underwriting discount 2.25%, net proceeds to issuer 97.75%, aggregate face amount initially $5,058,000, and the estimated value at pricing was approximately $950 per $1,000 face amount.

GS Finance Corp. priced contingent monthly coupon notes (aggregate face amount $11,139,000) linked to the Nasdaq-100, Russell 2000 and S&P 500. Each coupon (up to 1.0542% monthly, ~12.65% p.a.) is paid only if every underlier equals or exceeds 70% of its initial level on the related observation date. The cash settlement at maturity is based solely on the lesser performing underlier: if that underlier finishes below 70% of its initial level the payout is reduced pro rata, and investors could lose their entire investment. The issuer may redeem the notes on coupon payment dates beginning in August 2026. Trade date: May 15, 2026; original issue date: May 20, 2026; stated maturity: April 20, 2028.

GS Finance Corp. is offering indexed, autocallable buffered notes maturing May 22, 2031 linked to an equally weighted basket of Broadcom, Meta Platforms, Micron and Palantir. The initial aggregate face amount is $1,550,000; notes pay a 1% monthly coupon when the basket closes at or above 80% of the initial level and include a 20% buffer at maturity. Notes may be automatically called on observation dates beginning May 2027 if the basket closes at or above the initial basket level (initial basket level = 100), and are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. priced an offering of Market Linked Securities—auto-callable medium-term notes guaranteed by The Goldman Sachs Group, Inc. The securities have a $1,000 face amount, an original offering price of $1,000 per security and a stated maturity of May 18, 2029. They pay a contingent quarterly coupon of $27.50 per $1,000 (equivalent to an 11.00% per annum contingent coupon rate) only when the lowest performing of the S&P 500®, Russell 2000® and Nasdaq-100® is at or above 75% of its starting level on a calculation day. The notes are auto-callable between November 2026 and February 2029 if the lowest performing underlier is at or above its starting level on a call date; if not called, principal repayment at maturity depends on the lowest performing underlier relative to a downside threshold equal to 75% of starting level. The pricing supplement shows an estimated value of approximately $982 per $1,000 at pricing and an original aggregate offering of $16,300,000.

GS Finance Corp. priced a $1,200,000 aggregate offering of Market Linked Medium‑Term Notes, Series F (face amount $1,000 per security) linked to the Nasdaq‑100 Index® with a stated maturity of June 4, 2027. The securities pay a contingent fixed return of 8.35% ($83.50 per $1,000) if the ending level is at or above a threshold equal to 90% of the starting level, and provide a 10% buffer against declines in the underlier. If the underlier falls below the threshold, holders have 1:1 downside exposure beyond the buffer and may lose up to 90% of the face amount. The pricing date was May 15, 2026; the estimated value at pricing was $964 per $1,000 face amount. The calculation day is scheduled for June 1, 2027. All payments are subject to issuer and guarantor credit risk and there is no exchange listing; these securities are designed to be held to maturity.

GS Finance Corp. is offering unsecured, medium-term indexed notes (guaranteed by The Goldman Sachs Group, Inc.) that pay no interest and return either a capped automatic-call payment or a cash settlement at maturity tied to the performance of three indices: the Nasdaq-100, Russell 2000 and S&P 500. For each $1,000 face amount, the notes are automatically called on the call payment date if each underlier's closing level on the call observation date is at or above its initial level; the automatic-call cash payment would be $1,120 per $1,000. If not called, the maturity cash settlement depends solely on the lesser performing underlier: if that underlier finishes above its initial level the holder receives $1,000 plus 115% of the lesser performing underlier return times $1,000; if that underlier finishes at or below its initial level the holder receives $1,000. The notes are dated May 20, 2026 with a stated maturity of May 20, 2031 and a determination date of May 15, 2031. The pricing supplement discloses an aggregate face amount of $1,260,000, original issue price equal to 100% of face amount, and an underwriting concession of 0.25%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the EURO STOXX 50® Index that mature in 2032. The notes pay no interest; return at maturity depends on the index performance versus the initial level of 5,827.76 and an upside participation rate of 150%. A trigger buffer of 60% (40% buffer amount) means declines down to that level produce a positive absolute return, but declines beyond that level produce a one‑for‑one loss of principal. The aggregate face amount initially offered is $5,498,000, original issue price is 100% of face (net proceeds to issuer 96.75% after a 3.25% underwriting discount plus structuring fee). Credit exposure is to GS Finance Corp. and The Goldman Sachs Group, Inc.; liquidity is not guaranteed and secondary market prices may be materially below face.

GS Finance Corp. issues structured autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes (original issue date May 20, 2026) pay no interest, reference an equally weighted basket of nine listed common stocks and mature on May 18, 2028 unless automatically called on the call observation date (May 28, 2027). If called, each $1,000 face amount pays $1,193.50 on the call payment date. At maturity holders receive cash based on the basket return with an upside participation rate of 125%, a buffer protecting the first 20% of loss and a buffer level at 80% of initial basket level. The estimated value on the trade date was approximately $945 per $1,000 face amount; original issue price was 100% with a 1.5% underwriting discount.

GS Finance Corp. is offering $1,000-face autocallable contingent coupon equity-linked notes due June 10, 2027 (original issue date May 28, 2026) guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Eli Lilly and Company (Bloomberg: LLY UN) and pay contingent quarterly coupons only if the underlier closes at or above 85% of the initial level on each coupon observation date. The notes are automatically called if the underlier closes at or above the initial level on any call observation date.

The cash settlement at maturity for each $1,000 face amount is 100% if the final underlier level is at or above the buffer level (85%). If below the buffer, the payment equals $1,000 + ($1,000 × buffer rate × (underlier return + buffer amount)), exposing holders to potential loss up to the entire investment. Coupon mechanics, trade date (May 22, 2026), CUSIP 40054RJQ5, underwriting discount 1%, and net proceeds 99% are specified in the pricing supplement.

GS Finance Corp. offers principal‑at‑risk, non‑interest bearing callable notes linked to the common stock of Arista Networks, Inc. The notes have an expected trade date of May 22, 2026, an expected original issue date of May 28, 2026, an expected call observation date of June 4, 2027 and an expected stated maturity of May 25, 2028.

If the closing price of the index stock on the call observation date is greater than or equal to the initial index stock price, the notes will be automatically called and pay at least $1,286 per $1,000 face amount on the call payment date. If not called, maturity payment depends on the final index stock price versus the initial index stock price, with a 70% buffer level and a threshold settlement amount of $1,572. The estimated value at issuance is between $900 and $930 per $1,000 face amount.

GS Finance Corp. priced contingent quarterly coupon notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $12,613,000. The notes reference the Russell 2000® Index and the S&P 500® Index and mature on May 20, 2031, subject to the issuer's redemption right commencing in November 2026.

Coupons are contingent each quarter at $20.375 per $1,000 (2.0375% quarterly; potential up to 8.15% per annum) if each underlier is >= its coupon trigger level (55% of initial). The cash settlement at maturity (per $1,000) is either $1,000 or $1,000 × the lesser performing underlier return; investors could lose their entire investment if the lesser performing underlier falls below its trigger buffer level (55% of initial).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, contingent quarterly coupon notes linked to the Russell 2000® Index and the S&P 500® Index. The notes have a $1,000 face amount, pay a contingent quarterly coupon of $16.625 per $1,000 when both underliers meet a 55% trigger on observation dates, and mature on May 20, 2031 with final cash settlement tied to the lesser performing underlier. The issuer may redeem the notes on coupon payment dates commencing in November 2026. The aggregate initial face amount shown is $2,729,000, original issue price equals face amount, underwriting discount is 1.5% and net proceeds to issuer are 98.5% of face amount. The notes are subject to issuer and guarantor credit risk, potential loss of principal (including loss of your entire investment), limited upside (cash settlement capped at 100% of face amount), potential for no coupons if trigger levels are not met, and limited secondary market liquidity.

GS Finance Corp. offers $5,000,000 of medium-term structured notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Nasdaq-100, Russell 2000 and S&P 500 with contingent monthly coupons and an automatic call feature. The notes pay a contingent coupon of $10.334 per $1,000 when each underlier is at or above 70% of its initial level on an observation date. If not called, the maturity cash payment depends solely on the lesser performing underlier; a final underlier level below 60% of its initial level can produce significant principal loss. Trade date is May 15, 2026, stated maturity is February 21, 2029.

GS Finance Corp. priced Market Linked Notes — Upside Participation with Quarterly Averaging and Principal Return at Maturity linked to an equally weighted basket of the EURO STOXX 50® and the FTSE® 100. The notes have a $1,000 face amount, an original offering price of $1,000 per note and aggregate face amount of $1,861,000. Pricing date was May 15, 2026, with original issue date May 20, 2026 and stated maturity November 20, 2028. Investors receive the face amount at maturity and, if the average ending level of the basket exceeds the starting level (100), a positive return equal to 100% participation of the percentage increase measured from starting level to the average ending level determined from quarterly calculation days. The estimated value at pricing was approximately $952 per $1,000 face amount; the offering reflects an underwriting discount of 3.075% ($30.75 per $1,000). All payments are subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Leveraged Callable Index-Linked Notes due May 20, 2031 with an aggregate face amount of $1,000,000 on the original issue date. The notes are linked to the lesser performing of the S&P 500® and the Nasdaq-100® and pay at maturity based on that lesser performing underlier.

The notes feature a 200% upside participation rate, a 50% trigger buffer level, and issuer call rights on monthly call payment dates beginning in May 2027 through May 2028 with specified call premium amounts (up to 27%). Original issue price is 100% of face amount; the estimated value at pricing was approximately $986 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and its guarantor, The Goldman Sachs Group, Inc.

GS Finance Corp. is offering a structured medium-term note that pays a contingent monthly coupon and may be automatically called; payments and the final cash settlement are tied to the performance of three underliers, including the VanEck Semiconductor ETF. The notes have a $1,000 face amount per note, an aggregate face amount of $6,871,000, an original issue price equal to 100% of face amount and a stated maturity date of May 20, 2032.

The contingent monthly coupon is $17.084 per $1,000 (approximately 1.7084% monthly, or up to approximately 20.5% per annum) payable only if each underlier at the coupon observation date is at or above its coupon trigger level (75% of initial level). The cash settlement at maturity, if not called, is based solely on the lesser performing underlier return with a trigger buffer at 60% of initial level; investors may lose their entire investment if the final lesser performing underlier level is sufficiently low.

GS Finance Corp. offers medium-term contingent coupon notes linked to ServiceNow, Inc. stock, with an aggregate face amount of $733,000. The notes pay quarterly contingent coupons of $47.625 per $1,000 face amount when the underlier closes at or above a 60% coupon trigger and are automatically called if the underlier equals or exceeds the initial level.

At maturity, if not called, repayment is cash per $1,000 face amount equal to $1,000 if the final underlier level is at or above the 60% trigger buffer; otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, which could cause loss of principal. Key dates include trade date May 15, 2026, issue date May 20, 2026, and stated maturity May 18, 2029.

GS Finance Corp. offers $20,950,000 of S&P 500-linked, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. Each note has $1,000 face amount, no interest, a 200% upside participation rate capped by a $1,221 maximum settlement amount, and a 15% buffer (buffer level = 85% of the initial index level).

At maturity the cash payment depends on the S&P 500 performance from the trade date to the determination date: investors receive principal if the final level is within the buffer, participate (up to the cap) for gains, and suffer pro rata losses below the buffer. The notes were priced to the original issue price with a 0.65% underwriting discount.

GS Finance Corp. offers medium-term notes—Market Linked Securities—auto-callable with leveraged upside and contingent downside, linked to the lowest performing of the S&P 500® Index, the EURO STOXX 50® Index and Microsoft Corporation stock. The offering sets a call premium of $420 per $1,000 face amount and an upside participation rate of 150.00%; the securities mature on May 18, 2029 (calculation day May 15, 2029) unless automatically called on or after May 20, 2027.

The securities do not pay interest, carry full credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., and expose holders to 1-to-1 downside beyond a 30% threshold (threshold value = 70% of starting value). The estimated value at pricing was approximately $952 per $1,000 face amount; original offering price is $1,000 per security.