Goldman Sachs Group Inc. 424B Filings

Goldman Sachs Group Inc. (GS), as guarantor for GS Finance Corp., is offering $2,556,000 aggregate face amount of contingent coupon callable buffer notes linked to Eli Lilly and Company common stock. The notes pay a contingent quarterly coupon of $40.025 per $1,000 face amount when the underlier’s closing level is at least 80% of the initial level of $1,180.16. The notes are automatically called, returning $1,000 per note plus coupon, if Eli Lilly’s stock is at or above the initial level on specified call observation dates.

If held to maturity without being called, investors receive $1,000 per note when the final underlier level is at or above the 80% buffer; below that level, principal is reduced using a 125% buffer rate and investors can lose their entire investment. Upside is capped at par, so gains in Eli Lilly above the initial level do not increase principal repayment. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs Group Inc., are not listed on any exchange, may trade at prices below the issue price, and involve uncertain U.S. tax treatment with possible withholding for non‑U.S. holders.

Goldman Sachs Group, Inc. (GS), via GS Finance Corp., is offering unlisted, principal-at-risk Medium-Term Notes, Series F with an aggregate face amount of $2,330,000, linked to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index. The notes pay a contingent monthly coupon of $9.584 per $1,000 (0.9584%, up to about 11.5% per year) only if on each observation date all three indices are at or above their coupon trigger level, set at 70% of each index’s initial level.

At maturity on February 17, 2028, if not earlier redeemed, investors receive for each $1,000: par if every underlier’s final level is at or above its 70% trigger buffer level, or otherwise $1,000 × (1 + lesser performing underlier return). This can result in losing up to 100% of principal; for example, if the worst index ends at 17% of its initial level, the cash settlement amount would be 17% of face value. GS Finance Corp. may redeem the notes at par plus any due coupon on any coupon payment date from November 2026 through January 2028, shortening the investment.

The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs, and are subject to their credit risk. The original issue price is 100% of face amount, with a 0.725% underwriting discount and initial estimated value below issue price. There is no exchange listing, secondary market making is discretionary, and tax treatment is uncertain; Sidley Austin LLP views the notes as income‑bearing prepaid derivative contracts for U.S. tax purposes.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering S&P 500 Futures Excess Return Index-linked Medium-Term Notes, Series F, with an aggregate face amount of $500,000. For each $1,000 note, if the final underlier level is at or above the initial level of 621.16, the payoff equals $1,000 plus 120% of the underlier gain. If the final level is below the initial but at or above the 75% buffer level, investors receive the absolute underlier return, delivering positive returns for index losses up to 25%.

If the final level falls more than the 25% buffer, principal is reduced 1% for each additional 1% decline, and investors can lose a substantial portion of principal. The notes pay no interest, are unsecured obligations of GS Finance Corp. fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The notes are not listed, may have limited liquidity, and the initial issue price of 100% includes a 0.5% underwriting discount, so secondary market values may be below face. Tax treatment is uncertain and assumed to be a pre-paid derivative on the underlier.

Goldman Sachs Group Inc. (GS), as guarantor for GS Finance Corp., is offering $527,000 aggregate face amount of Medium-Term Notes, Series F, autocallable contingent coupon notes linked to three large-cap stocks. Each note has a $1,000 face amount and can pay a contingent monthly coupon of $10.875 (1.0875% monthly, up to 13.05% per annum) only if on each observation date all three underliers close at or above 75% of their initial levels. The notes are automatically called, returning $1,000 per note plus that month’s coupon, if on any call observation date each underlier is at or above its initial level. If never called, payment at maturity on August 18, 2033 is $1,000 plus the final coupon, if any.

Initial underlier levels are $514.39 for the AMD stock, $225.16 for the NVIDIA stock, and $342.27 for the Tesla stock. The original issue price is 100% of face, with a 4.625% underwriting discount and 95.375% net proceeds to GS Finance Corp. Goldman Sachs’ estimated value on the trade date is $939 per $1,000 note, reflecting fees and internal pricing. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may have limited or no secondary market, and investors may receive no coupons over the life of the notes.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is issuing leveraged callable notes linked to the S&P 500® Futures Excess Return Index, with an aggregate face amount of $565,000. The notes are zero-coupon, do not bear interest, and are guaranteed by The Goldman Sachs Group, Inc.

The notes mature on August 18, 2033, but GS Finance Corp. may redeem them in whole (not in part) on monthly call payment dates from August 2027 through July 2033 at 100% of face plus a call premium that starts at 15% and steps up to 103.75%. If not called, each $1,000 note pays at maturity: $1,000 plus 2.05× any positive index return, based on an initial index level of 621.16, with full principal protection if the index return is zero or negative.

The initial issue price is 100% of face, with an underwriting discount of 4.125% and net proceeds of 95.875% of face to the issuer. Goldman Sachs estimates the economic value at about $912 per $1,000 at pricing. For U.S. tax purposes, the notes are treated as contingent payment debt instruments with a comparable yield of 5.39% per year, requiring accrual of ordinary income over the life of the notes.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering unsecured, auto-callable income notes linked to the stocks of Dell Technologies Inc. (Class C), Vertiv Holdings Co (Class A) and Micron Technology, Inc. The notes are expected to trade on an original issue date of August 28, 2026 and mature on August 28, 2029, unless automatically called between August 2027 and July 2029.

Investors receive conditional monthly coupons of $20 per $1,000 (2% per month, up to 24% per year) only when, on the relevant observation date, each stock closes at or above 50% of its initial price. The notes are automatically redeemed at par plus the then-accrued coupon if, on a call observation date, each stock is at or above its initial price. If held to maturity without being called, principal repayment depends on a “trigger event.” If all three stocks are below their initial prices on the final observation date and any is below 50%, repayment is reduced one-for-one with the worst performer and can fall to zero, with no coupon. The estimated value at pricing is $925–$955 per $1,000, and all payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

Goldman Sachs Group Inc. (GS), as guarantor for GS Finance Corp., is offering $250,000 of Callable Index‑Linked Notes due August 19, 2031. The notes pay no interest and are principal‑protected at maturity, with repayment at least equal to face amount, subject to GS Finance Corp. and Goldman Sachs credit risk.

The payoff is linked to the Russell 2000 Index (initial level 3,068.415) and the S&P 500 Index (initial level 7,785.76). If, on the August 14, 2031 determination date, both indices finish above their initial levels, investors receive $1,000 plus 114.95% of the return of the lesser‑performing index; otherwise they receive $1,000.

GS Finance Corp. can redeem the notes monthly from August 19, 2027 to July 17, 2031 at 100% of face plus a fixed call premium that steps up from 10.0008% to 49.1706%. The original issue price is 100% of face, with a 3.625% underwriting discount and 96.375% net proceeds to the issuer. The estimated value is about $939 per $1,000, and for U.S. tax purposes the notes are treated as contingent payment debt instruments with a 5.16% comparable yield.

Goldman Sachs Group Inc. (GS), via GS Finance Corp. and a guarantee from The Goldman Sachs Group, Inc., is offering equity-linked notes tied to an equally weighted basket of 9 large-cap tech and growth stocks (including Alphabet, Amazon, Meta, Microsoft and NVIDIA). The notes pay no interest and have a face amount of $14,280,000 in aggregate at issuance, with an original issue price of 100% and an underwriting discount of 1.5%, yielding net proceeds of 98.5% of face.

The basket starts at level 100, with each stock initially weighted at approximately 11.111%. The notes can be automatically called on August 27, 2027 if the basket level is at least 100, paying $1,206.5 per $1,000 on September 1, 2027. If not called, they mature on August 17, 2028. At maturity, investors receive: $1,000 plus 125% of any positive basket return; $1,000 if the basket is down up to 20%; or a buffered loss where declines beyond 20% are multiplied by a 125% buffer rate, risking up to full principal loss.

The estimated initial value is about $959 per $1,000, below issue price, reflecting structuring costs and dealer margin. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. and do not receive dividends or shareholder rights on the basket stocks.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is issuing fully guaranteed market-linked Medium-Term Notes, Series F, with an aggregate face amount of $600,000 tied to the S&P 500 Futures Excess Return Index. The notes pay no interest and return at maturity depends on index performance from trade date to determination date.

For each $1,000 note, if the final index level is at or above the initial level, investors receive $1,000 plus 152.5% of the positive index return. If the index falls but stays at or above 75% of the initial level (a 25% buffer), the payoff increases with the absolute decline, so a -12% index move gives a +12% note return. Below the buffer level, principal is lost 1-for-1 with further index declines, and investors can lose a substantial portion of principal, as illustrated by a 19% final level leading to only 44% of face value.

The notes do not provide dividends or futures ownership and are subject to the credit risk of GS Finance Corp. and its guarantor. Tax treatment is uncertain; counsel views them as pre-paid derivative contracts, but the IRS could assert a different treatment.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering auto-callable index-linked notes under its Medium-Term Notes, Series F program, fully and unconditionally guaranteed by Goldman Sachs Group. The aggregate face amount is $401,000 and the original issue price is 100% of face amount.

The notes pay no interest and are linked to the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. They may be automatically called on scheduled monthly call observation dates if each index is at or above its initial level, paying $1,000 plus an index-based call premium (starting at 8.25% and rising up to 40.5625%) per $1,000 face amount. If held to the August 2031 stated maturity and not called, payment is based solely on the worst-performing index, with a 70% trigger buffer level and a capped maturity premium of 41.25%.

If any index finishes below its trigger buffer level and the notes are not called, investors lose principal in proportion to the lesser performing underlier return and could lose their entire investment. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs Group, their estimated value at pricing is less than the issue price, they will not be listed on any exchange, and secondary market liquidity and pricing are uncertain.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Medium‑Term Notes, Series F, linked to the Russell 2000 Index and the S&P 500 Index, with an aggregate face amount of $7,764,000.

For each $1,000 note, investors may receive a contingent quarterly coupon of $18.75 (1.875%, up to 7.50% p.a.) only if on each observation date both indexes are at or above 55% of their initial levels. The same 55% level is the trigger buffer level: if at maturity the lesser-performing index is at or above 55% of its initial level, principal is repaid in full; if it is below 55%, principal is reduced one‑for‑one with that index’s loss, down to zero, so investors can lose their entire investment. The initial index levels are 3,068.415 for the Russell 2000 and 7,785.76 for the S&P 500.

GS Finance Corp. may redeem the notes early, in whole but not in part, on any coupon payment date from February 2027 through May 2031 at $1,000 per note plus any due coupon. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed on an exchange, and the original issue price (100% of face) exceeds the model‑based estimated value partly due to a 1.5% underwriting discount and up to 0.45% structuring fee.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering S&P 500 Futures Excess Return Index-linked Medium-Term Notes, Series F, with an aggregate face amount of $95,000. Each note has a $1,000 face amount and matures on August 17, 2029, with payment based on index performance from August 14, 2026 to the determination date.

If the final index level is at or above the initial level of 621.16, holders receive $1,000 plus 140% of the index gain. If the index is down but no more than the 20% buffer (final level between 80% and 100% of initial), investors receive the positive absolute index move (e.g., -10% index gives +10% return). Below the 80% buffer level, principal is reduced 1% for each additional 1% decline, so investors can lose a substantial portion of principal.

The notes pay no interest, are unsecured senior obligations of GS Finance Corp. fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both. The original issue price is 100% of face amount, with a 0.75% underwriting discount and net proceeds of 99.25%. Liquidity is not assured, the estimated value at pricing is less than the issue price, and returns differ from direct investment in S&P 500 stocks or futures, including potential negative roll yield effects.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp as issuer and GS as guarantor, is offering MP Materials Corp.-linked structured notes under a 424B2 prospectus supplement. The notes pay a fixed coupon of $12.959 per $1,000 each month (1.2959% monthly, up to about 15.55% per annum) until maturity on August 19, 2027, unless automatically called. Automatic call occurs if MP Materials’ stock on any monthly call observation date closes at or above the initial stock price of $58.74, in which case investors receive the $1,000 face amount plus the coupon on the related call payment date.

If not called, principal repayment at maturity is buffered: investors receive $1,000 per $1,000 face amount (plus final coupon) if the final stock price is at or above the buffer price, 80% of the initial stock price. If the final stock price is below this level, repayment is reduced linearly, so losses exceed 20% of face and can be substantial. The aggregate face amount on the original issue date is $1,287,000, the original issue price is 100% of face, the underwriting discount is 2.25%, and net proceeds to the issuer are 97.75% of face. The estimated value at trade date is approximately $976 per $1,000, reflecting structuring and distribution costs and model-based pricing. Payments depend on GS Finance Corp.’s and GS’s credit, and the notes are unsecured and not FDIC insured.

GOLDMAN SACHS GROUP INC (GS), as guarantor for GS Finance Corp., is issuing Medium-Term Notes, Series F linked to the Goldman Sachs Momentum Builder ^® Focus ER Index, with an aggregate face amount of $15,135,000. The notes can be automatically called annually if the index closes at or above rising call levels (from 100.75% to 104.50% of the initial index level), paying for each $1,000 face amount $1,000 plus a call premium ranging from 13.25% to 79.50%.

If not called, at maturity on August 19, 2033 investors receive for each $1,000 either (i) $1,000 plus 100% of any positive index return if the final index level exceeds the initial level of 114.55, or (ii) $1,000 if the final level is equal to or below the initial level, so downside to maturity is limited to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The index itself is complex, uses daily rebalancing among up to 10 underlying assets with volatility and momentum controls, and is reduced by a 0.65% per annum deduction plus an excess-return structure over the federal funds rate, which can materially dampen index gains.

The original issue price is 100% of face amount, but the issuer’s estimated value on the trade date is $898 per $1,000, reflecting fees and hedging costs. For tax purposes, the notes are treated as contingent payment debt instruments with a comparable yield of 5.40% per annum and a projected maturity payment of $1,459.92 per $1,000, causing holders generally to accrue ordinary income over the term even though cash is paid only on call or at maturity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Medium‑Term Notes, Series F linked to the Russell 2000 Index and the S&P 500 Index, with an aggregate face amount of $21,822,000. These notes pay a contingent quarterly coupon of $20.625 per $1,000 (2.0625%, up to 8.25% per year) only if on each observation date both indices are at or above 55% of their initial levels.

Principal repayment at maturity depends on the lesser performing index. If either final index level is below its 55% trigger buffer, repayment equals $1,000 plus $1,000 times the lesser index return, which can reduce principal to zero, so investors can lose their entire investment. GS Finance Corp. may redeem the notes at par plus any due coupon on any coupon payment date from February 2027 through May 2031, which can shorten the investment term.

The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs, and are subject to the credit risk of both entities. They are not bank deposits, are not FDIC‑insured, will not be listed on an exchange, and may have limited or no secondary market liquidity.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp, is offering no-interest, auto-callable notes linked to an equally weighted basket of six tech-related stocks (Amazon, Meta, Netflix, Oracle, Palantir, Robinhood). The initial basket level is 100, with each stock at about 16.667% weight.

The notes have an original aggregate face amount of $712,000, an original issue price of 100%, underwriting discount of 0.8%, and net proceeds of 99.2% of face. The trade date is expected to be August 14, 2026, original issue date August 19, 2026, and stated maturity date August 17, 2028, unless called earlier.

The notes are automatically called if on any call observation date (from August 16, 2027 onward) the basket’s closing level is at least the initial level, paying $1,000 plus a call premium (from 21.05% up to 36.8375%) per $1,000. If not called, at maturity investors receive: $1,421 per $1,000 if the basket return is ≥ 0; $1,000 if the basket return is between 0% and -40%; and otherwise $1,000 plus $1,000 times the basket return, exposing investors to losses down to zero. The estimated value at pricing is about $965 per $1,000, and payments are subject to the credit risk of GS Finance Corp. and its parent guarantor.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp. as issuer and Goldman Sachs as guarantor, is offering NVDA-linked Medium-Term Notes, Series F with an aggregate face amount of $17,089,000. The notes pay a contingent monthly coupon of $10.042 per $1,000 (1.0042% monthly, up to about 12.05% per year) only if NVIDIA’s stock is at or above a coupon trigger level of 61% of the initial level on each observation date.

The notes are subject to an automatic call if NVIDIA’s stock is at or above the initial level of $225.16 on specified call observation dates, in which case investors receive $1,000 per note plus the due coupon. If the notes are not called and the final NVIDIA level is below the trigger buffer level (61% of the initial level), the payoff equals $1,000 plus $1,000 times the underlier return, so investors can lose up to 100% of principal and do not benefit from any upside above par.

The original issue price is 100% of face amount, with a 2.15% underwriting discount and 97.85% net proceeds to GS Finance Corp. The notes are unsecured obligations exposed to the credit risk of both the issuer and the guarantor, will not be listed on any exchange, and have uncertain U.S. tax treatment as income-bearing prepaid derivative contracts.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is issuing $4,956,000 of Medium-Term Notes, Series F, linked to the Goldman Sachs Momentum Builder Focus ER Index. The notes are fully and unconditionally guaranteed by Goldman Sachs.

The notes may be automatically called annually if the index closes at or above 101.25% of its initial level on a call observation date, paying for each $1,000 face amount $1,000 plus the scheduled call premium (from 10.40% in 2027 up to 62.40% in 2032). If never called, at maturity investors receive $1,000 plus 100% of any positive index return; if the index is flat or down, they receive only the $1,000 principal.

The notes pay no periodic interest, are subject to the credit risk of GS Finance Corp. and Goldman Sachs, and have an estimated value on the trade date of $893 per $1,000, below the issue price, reflecting fees and structuring costs. The underlying index uses volatility and momentum risk controls, a 0.65% per annum deduction and can hold large cash-equivalent positions, which can materially limit upside. For U.S. tax purposes, the notes are treated as contingent payment debt instruments with a comparable yield of 5.39%, requiring accrual of ordinary income over the term.

Goldman Sachs Group Inc. (GS), as guarantor for GS Finance Corp., is offering index-linked notes with an aggregate face amount of $1,170,000 tied to the Goldman Sachs Momentum Builder Focus ER Index. For each $1,000 note held to the August 19, 2031 maturity, investors receive: if the final index level exceeds the initial level of 114.55, a cash payment of $1,000 plus 760% of the index return; if the index is flat or lower, only the $1,000 face amount is repaid, with no downside below par at maturity but no periodic interest.

The index is an excess-return strategy over the federal funds rate, subject to an ongoing 0.65% per annum deduction and frequent reallocations into hypothetical cash positions, which can materially dampen index gains. The notes price at 100% of face, with a 3.875% underwriting discount, so net proceeds to the issuer are 96.125% of face. Credit risk of both GS Finance Corp. and Goldman Sachs applies, and the notes are not FDIC-insured or exchange-listed. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, with a comparable yield of 5.16% and a projected maturity payment of $1,294.81 per $1,000, causing taxable income accruals before any cash is received.

Goldman Sachs Group, Inc. (GS), via GS Finance Corp., is offering S&P 500®-linked Medium-Term Notes, Series F, with an aggregate face amount of $1,104,000, fully and unconditionally guaranteed by Goldman Sachs. The notes pay no interest and return at least the face amount at maturity on February 20, 2032, subject to issuer and guarantor credit risk.

For each $1,000 note, the cash payment at maturity equals $1,000 plus the S&P 500® Index return if the final index level exceeds the initial level of 7,785.76, capped at a maximum settlement amount of $1,574 (157.4% of face). If the index is flat or lower, investors receive only the face amount, so upside is limited while principal is not protected against issuer default. The original issue price is 100% of face, with a 2% underwriting discount (including up to 0.55% structuring fee), yielding 98% net proceeds to the issuer. The notes are expected to be treated as contingent payment debt instruments for U.S. tax purposes, using a comparable yield of 5.22% per annum and a projected payment at maturity of $1,333.49, which can cause taxable income before any cash is received. The notes will not be listed, and secondary market liquidity depends on GS&Co.’s market-making, which is not assured.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group, Inc. (GS), via GS Finance Corp., is offering Medium-Term Notes, Series F linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Goldman Sachs. The aggregate face amount is $2,250,000, issued at 100% of face with a 0.75% underwriting discount and 99.25% net proceeds to the issuer.

The notes may be automatically called on August 19, 2027 if the index on August 16, 2027 is at or above the initial level 621.16, paying $1,155 per $1,000 face (115.5%) and then terminating. If not called, they mature August 19, 2031 with no interest. At maturity investors receive: 200% of any positive index return; par if the index is between 80% and 100% of the initial level; or principal reduced one-for-one below the 80% buffer, so a 20% index level would return 40% of face, implying a 60% loss.

The notes do not bear interest, are subject to the credit risk of GS Finance Corp. and Goldman Sachs, and are not listed on any exchange. The issuer discloses that the modeled estimated value at pricing is less than the 100% issue price, secondary market prices may be lower, and tax treatment is uncertain, with counsel viewing them as a pre-paid derivative contract on the index.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering S&P 500® Index-linked Medium-Term Notes, Series F, fully and unconditionally guaranteed by Goldman Sachs. The aggregate face amount is $1,037,000, sold at 100% of face amount with no underwriting discount but with a structuring fee.

The notes pay no interest and return depends on the S&P 500® performance from August 14, 2026 (trade date) to February 14, 2028 (determination date). At maturity, each $1,000 note pays (i) $1,000 plus the index return if the index is above its initial level, capped at a maximum settlement amount of $1,238; (ii) $1,000 if the index is between 90% and 100% of the initial level (a 10% buffer); or (iii) $1,000 plus 100% of the decline beyond the 10% buffer if the index falls more than 10%, exposing holders to substantial principal loss.

The notes are unsecured, unsubordinated obligations of GS Finance Corp., subject to the credit risk of both the issuer and Goldman Sachs as guarantor, are not bank deposits, and are not FDIC insured. The estimated value at pricing is less than the original issue price due to fees and costs, and any secondary market, if made by Goldman Sachs & Co. LLC, may be limited and at prices reflecting its models and bid–ask spreads. U.S. federal income tax treatment is uncertain; counsel views the notes as a pre-paid derivative contract on the index, and the notes are generally subject to FATCA rules.

GOLDMAN SACHS GROUP INC, through GS Finance Corp., is offering Medium-Term Notes, Series F, in an aggregate face amount of $2,622,000, fully and unconditionally guaranteed by Goldman Sachs. The notes are contingent income auto-callable notes linked to the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF (XLK).

Investors receive a monthly contingent coupon of $8.667 per $1,000 (0.8667% monthly, up to about 10.40% per year) only if on each observation date all three underliers are at or above 70% of their initial levels; otherwise the coupon is $0. The notes are automatically called, returning $1,000 per note plus the due coupon, if on any call observation date all underliers are at or above their initial levels.

If the notes are not called, at maturity on August 17, 2029 investors receive $1,000 per note only if the final level of every underlier is at or above 60% of its initial level. If any underlier finishes below 60%, principal is reduced one-for-one with the lesser performing underlier’s return, and the entire investment can be lost. The original issue price is 100% of face amount, the underwriting discount is 3%, and GS Finance Corp. discloses that the model-based estimated value at pricing is less than the issue price. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., will not be listed, and may have limited or no secondary market liquidity.

Goldman Sachs Group, Inc. (GS), as guarantor, backs index-linked Medium-Term Notes, Series F issued by GS Finance Corp. with an aggregate face amount of $1,058,000. The notes mature on August 19, 2031 and pay no periodic interest.

At maturity, investors receive at least the $1,000 face amount per note. If the Goldman Sachs Momentum Builder Focus ER Index rises, the payoff equals $1,000 plus 895% of the index return; if the index is flat or down, only principal is repaid, exposing holders to inflation and opportunity cost but not index downside, subject to the credit risk of GS Finance Corp. and Goldman Sachs Group, Inc.

The index is complex: it reallocates daily among up to 10 assets with a 5% volatility control, momentum overlay and cash allocations, and deducts 0.65% per year plus the federal funds rate on an excess-return basis, so large portions may sit in low-return cash and all cash-related exposures effectively incur the 0.65% drag. The initial index level is 114.55.

The original issue price is 100% of face, with a 1.375% underwriting discount and 98.625% net proceeds to the issuer, and the internal estimated value is lower than the issue price. Secondary market liquidity is uncertain. For U.S. taxpayers, the notes are treated as contingent payment debt instruments with a comparable yield of 5.16%, requiring annual taxable accruals based on a projected maturity payment of $1,294.81 per $1,000.

GOLDMAN SACHS GROUP INC (GS), via issuer GS Finance Corp., is offering Nasdaq-100 Index-linked Medium-Term Notes, Series F, with an aggregate face amount of $244,000, fully and unconditionally guaranteed by GS. The notes pay no interest and are subject to GS Finance Corp. and Goldman Sachs credit risk.

The notes may be automatically called on August 26, 2027 if the Nasdaq-100 closing level on August 23, 2027 is at or above the initial level of 30,046.14, in which case investors receive 111.25% of face ($1,112.50 per $1,000). If not called, they mature August 19, 2031. At maturity, investors receive upside at a 150% participation rate if the index finishes above the initial level, full principal if the final level is between 80% of the initial level and the initial level, and a one-for-one loss with the index (down to zero) if the final level is below the 80% trigger buffer.

The economic terms reflect a 2% underwriting discount plus a structuring fee of up to 0.65%, so the estimated value at pricing is less than the issue price. The notes are not listed, may have limited liquidity, provide no dividends or shareholder rights in the index components, and have uncertain U.S. tax treatment as pre-paid derivative contracts.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering autocallable contingent coupon index-linked notes due August 23, 2029, linked to the Nikkei 225, Nasdaq‑100 Index® and Russell 2000® Index. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

Investors receive a monthly contingent coupon of $9.292 per $1,000 (0.9292%, up to about 11.15% per year) only if each index is at or above 60% of its initial level on the observation date. The notes may be automatically called quarterly if each index is at or above its initial level, in which case investors receive $1,000 per note plus the applicable coupon.

At maturity, if not called, principal repayment depends solely on the worst-performing index. If each final index level is at or above 60% of its initial level, investors receive $1,000 per note (plus any final coupon). If any index finishes below 60%, repayment is reduced one-for-one with the worst index return, down to zero, so investors could lose their entire investment.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp. as issuer and Goldman Sachs as guarantor, is offering medium-term, Amazon.com, Inc. stock-linked notes with an aggregate face amount of $4,095,000. The notes pay a contingent quarterly coupon of $26 per $1,000 face amount for each observation date since issuance, but only when Amazon’s closing price is at least 70% of the initial level; otherwise the coupon for that quarter is $0.

The notes are subject to an automatic call feature: if on any call observation date Amazon’s stock is at or above the initial underlier level of $262.65, investors receive $1,000 per note plus the due coupon and the notes terminate early. If not called, at maturity in August 2029 investors receive $1,000 per note if the final Amazon level is at least 70% of the initial level, but otherwise the payoff is $1,000 × (final level ÷ initial level), so principal losses can reach 100% of invested amount.

The notes are unsecured obligations exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., are not listed, and may have limited liquidity. The original issue price is 100% of face, with a 2.5% underwriting discount and 97.5% net proceeds to GS Finance Corp., and Goldman Sachs discloses that the modeled estimated value at trade date is less than the issue price.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering unsecured, no‑interest structured notes linked to the lesser performance of the SPDR® Gold Trust (GLD) and the iShares® Silver Trust (SLV). The notes are expected to price on August 31, 2026 and mature on September 5, 2031.

At maturity, for each $1,000 note, investors receive: (i) $1,000 plus 146.85% of the lesser ETF’s gain if both ETFs are at or above their initial levels; (ii) $1,000 if any ETF is down but both remain at or above 60% of initial; or (iii) $1,000 plus the lesser ETF’s return if any ETF finishes below 60% of initial, which can result in losing up to the entire principal.

The payoff depends only on the worst‑performing ETF, and the notes pay no coupons or dividends. Estimated value on the trade date is expected to be $885–$925 per $1,000, below the issue price, reflecting dealer discounts, hedging and structuring costs. Repayment is subject to the credit risk of GS Finance Corp. as issuer and The Goldman Sachs Group, Inc. as guarantor.

GOLDMAN SACHS GROUP INC, as guarantor of GS Finance Corp., is offering index-linked notes tied to an ADS of Taiwan Semiconductor Manufacturing Company Limited. The notes have an aggregate face amount of $8,343,000, trade on August 14, 2026, and are scheduled to mature on September 17, 2027, unless automatically called from February to August 2027.

For each $1,000 note, investors may receive a monthly coupon of $10.459 (1.0459%, about 12.55% per year) whenever the TSM ADS closes at or above 58% of the initial index stock price of $426.35 on the relevant observation date; otherwise, the coupon is zero. At maturity, if the final price is at least 58% of the initial price, holders receive $1,000 plus any final coupon; if it is lower, repayment is reduced one-for-one with the stock’s loss, with the potential to lose the entire principal and receive no coupons.

The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The estimated value is approximately $991 per $1,000 at pricing versus a 100% issue price, reflecting underwriting and structuring costs; net proceeds to the issuer are 97.85% of face. The product includes detailed anti-dilution and market disruption adjustment mechanics that can affect calculations of coupons, call events and the final cash settlement.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering iShares Semiconductor ETF-linked notes due October 19, 2027 with an aggregate face amount of $1,550,000. The notes pay no interest and the cash payment at maturity depends on the performance of the iShares Semiconductor ETF (SOXX) from the August 14, 2026 trade date to the October 14, 2027 determination date.

The initial underlier level is $550.42. For each $1,000 note, if the ETF rises, holders receive $1,000 plus 200% of the ETF gain, capped at a maximum settlement amount of $1,575 (effective at an ETF level of 128.75% of the initial level). If the ETF is flat or down by up to 10% (at or above the 90% trigger buffer level), investors receive $1,000. If the ETF falls more than 10%, repayment is reduced one-for-one with the ETF loss, and investors can lose their entire principal.

The notes are unsecured obligations of GS Finance Corp., fully guaranteed by Goldman Sachs Group Inc., and are subject to both entities’ credit risk. The original issue price is 100% of face amount, with a 2% underwriting discount; the estimated value on the trade date is approximately $977 per $1,000, reflecting structuring and distribution costs. Investors do not receive ETF dividends or shareholder rights and face limited upside due to the cap.

GOLDMAN SACHS GROUP INC (GS), via issuer GS Finance Corp and its guarantee, offers equity-linked, zero-coupon notes tied to Broadcom, Microsoft, Palantir Technologies Class A and NVIDIA. The notes pay no interest and mature on August 19, 2031, unless automatically called starting August 16, 2027.

Each $1,000 note is redeemed early if on a call observation date all four stocks close at or above their initial prices ($392.99 AVGO, $495.40 MSFT, $174.04 PLTR, $225.16 NVDA), paying $1,000 plus a call premium that steps from 14.4% up to 68.4% over time. If not called, and on the August 14, 2031 determination date all four stocks are at or above initial levels, holders receive a maximum $1,720 per $1,000 (a 72% maturity premium); if any stock is below its initial price, only principal is returned.

The aggregate face amount on the issue date is $1,412,000, priced at 100% with a 3.75% underwriting discount and 96.25% net proceeds. The estimated initial value is about $959 per $1,000, and the notes carry full credit risk of GS Finance Corp and The Goldman Sachs Group, Inc., with limited liquidity, capped upside and dependence on the worst-performing stock.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering $12,477,350 of Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by Goldman Sachs Group. The notes are linked to the lesser performance of the Nasdaq-100 Index® and the State Street® SPDR® S&P MidCap 400® ETF Trust (MDY).

Investors receive a quarterly contingent coupon of $0.2675 per $10 face amount (up to 10.70% p.a.) only if on each observation date both underliers are at or above a coupon barrier of 70% of their initial levels (30,046.14 for NDX; $716.91 for MDY). From February 2027, the notes are automatically called if on any quarterly call observation date both underliers are at or above their initial levels; in that case investors receive $10 per $10 face plus the due coupon and the notes terminate.

If not called, and on the August 14, 2031 determination date both underliers are at or above their downside thresholds (70% of initial), holders receive the $10 principal plus the final coupon. If any underlier finishes below its downside threshold, repayment is reduced dollar‑for‑dollar with the negative return of the worst-performing underlier, and investors can lose up to their entire principal. Payments depend on the credit of GS Finance Corp. and Goldman Sachs Group, the notes are unsecured, unlisted, offer no dividends, and require a $1,000 minimum investment.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is issuing Nasdaq‑100 Index®‑linked medium‑term notes under its Series F program, fully and unconditionally guaranteed by Goldman Sachs. The aggregate face amount is $1,825,000, sold at 100% of face amount with a structuring fee of up to 0.65%.

The notes pay no interest and may be automatically called on August 26, 2027 if the Nasdaq‑100 closing level on August 23, 2027 is at least the initial level 30,046.14, in which case holders receive $1,147.50 per $1,000 (114.75% of face), capped. If not called, at maturity in August 2031 holders receive: for a final index level above the initial, 150% upside participation; between 80% and 100% of initial, return of principal; below 80%, a linear loss matching the index return, with the possibility of total principal loss. Payments depend on the credit of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes are not insured, not listed on any exchange, and may have limited secondary market liquidity.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering medium-term notes with an aggregate face amount of $700,000 linked to the S&P 500® Futures Excess Return Index. The notes provide 180% upside participation in index gains and a 25% downside buffer, but do not pay interest.

At maturity in August 2031, each $1,000 note pays cash based on index performance: enhanced gains if the index is flat or higher, positive return equal to the index’s absolute loss within the 25% buffer, and 1-for-1 loss beyond the buffer down to a minimum of 25% of face amount. The underlier tracks E-mini S&P 500 futures, so returns are affected by futures pricing, financing costs and potential negative roll yield, and may differ from the S&P 500® Index itself.

The notes are unsecured senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk. The original issue price is 100% of face amount, with a 0.5% underwriting discount and 99.5% net proceeds to the issuer. The notes will not be listed, secondary liquidity is uncertain, their estimated value at pricing is less than the issue price, and U.S. tax treatment is uncertain but intended to follow a pre-paid derivative contract characterization.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering buffered notes linked to the iShares Semiconductor ETF (SOXX), with a stated maturity on October 19, 2027 and no periodic interest payments. The initial underlier level is $550.42 as of the August 14, 2026 trade date, and total face amount is $1,175,000.

For each $1,000 note, investors receive 200% of any positive ETF return, capped at a $1,400 maximum settlement amount, corresponding to a cap level of 120% of the initial level. A 10% downside buffer protects principal down to 90% of the initial level; below that, losses match further declines (buffer rate 100%), so a substantial portion of principal can be lost. The notes are unsecured obligations of GS Finance Corp., guaranteed by Goldman Sachs Group Inc., and carry issuer and guarantor credit risk. The original issue price is 100% of face, with an underwriting discount of 2% and net proceeds of 98%; the estimated value at pricing is approximately $970 per $1,000, lower than issue price.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group Inc. (GS), via GS Finance Corp., is offering $17,252,040 of Trigger Autocallable Contingent Yield Notes due 2031 linked to the lesser performer of the Nasdaq-100 Index® and the SPDR® S&P MidCap 400® ETF Trust. The notes pay a quarterly contingent coupon of $0.2175 per $10 face amount (up to 8.70% per annum) only if each underlier is at or above its coupon barrier, set at 70% of its initial level.

Starting in February 2027, the notes are automatically called if each underlier is at or above its initial level, returning the $10 face amount plus the contingent coupon. If not called and, at maturity in August 2031, each underlier is at or above its downside threshold (also 70% of initial), investors receive face amount plus the final coupon. If any underlier finishes below its downside threshold, repayment is reduced one-for-one with the lesser performing underlier’s loss, and investors can lose up to 100% of principal.

The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs Group Inc. The estimated value at pricing is $9.86 per $10 face amount, below the 100% issue price, with an underwriting discount of 2.25% and net proceeds of 97.75% of face amount to the issuer.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is issuing S&P 500-linked Medium-Term Notes, Series F, fully and unconditionally guaranteed by Goldman Sachs. The notes are principal-protected and pay no periodic interest; payment at maturity depends on S&P 500 Index performance from the trade date to the determination date.

For each $1,000 face amount, investors receive $1,000 plus the S&P 500 return if the index finishes above the initial level of 7,785.76, capped at a maximum settlement amount of $1,508. If the final index level is equal to or below the initial level, investors receive only the $1,000 face amount. The aggregate face amount is $1,209,000, with an original issue price of 100% and a structuring fee of up to 0.45% of face.

The trade date is August 14, 2026, the determination date is February 14, 2031, and the stated maturity date is February 20, 2031, subject to adjustment. The notes are unsecured obligations of GS Finance Corp., guaranteed by Goldman Sachs, will not be listed on any exchange, and may have limited secondary market liquidity. For U.S. tax purposes they are treated as contingent payment debt instruments, with a comparable yield of 5.09% per annum and a projected payment at maturity of $1,258.31 on a $1,000 investment.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is offering callable contingent coupon notes due August 26, 2030, linked to the Nasdaq‑100 Index, S&P 500 Index and VanEck Gold Miners ETF. The notes are fully and unconditionally guaranteed by Goldman Sachs.

Investors can receive a $12.25 monthly coupon per $1,000 face amount (1.225% monthly, up to 14.70% per annum) only if, on each observation date, the closing level of each underlier is at or above 75% of its initial level. There is a 30% buffer: at maturity, if the notes are not redeemed and every underlier is at or above 70% of its initial level, investors receive full principal; otherwise repayment is reduced based on the worst‑performing underlier, with potential for substantial loss.

GS Finance Corp. may redeem the notes at par plus any due coupon on any coupon payment date from August 2027 to July 2030, which can shorten the investment term. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and Goldman Sachs, may have limited liquidity, and their estimated value at pricing will be below the original issue price.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering equity-linked notes tied to an equally weighted basket of 7 large-cap stocks. The notes are issued at 100% of face value with a total initial face amount of $12,969,000, maturing on August 17, 2028, and guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and may be automatically called on August 27, 2027 if the basket level is at or above its initial level of 100, in which case investors receive $1,243 per $1,000 on September 1, 2027. If not called, maturity payment depends on basket performance: gains above 0% participate at a 125% upside rate; between 0% and a -15% buffer investors receive full principal; below -15%, principal is reduced with a buffer rate of 117.65%, allowing for substantial loss up to total loss of principal.

The notes are sold with a 1.5% underwriting discount, so net proceeds are 98.5% of face. The estimated value at pricing is about $967 per $1,000, reflecting structuring and distribution costs. Investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., receive no dividends, have no shareholder rights in the basket stocks, and face limited liquidity and complex anti-dilution and market-disruption adjustment mechanics.

GOLDMAN SACHS GROUP INC (GS), via GS Finance Corp., is issuing equity-linked Medium-Term Notes, Series F, tied to the S&P 500 Futures Excess Return Index with an aggregate face amount of $500,000. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., do not bear interest, and are not listed on any exchange.

At maturity on August 17, 2028, for each $1,000 note investors receive a cash amount based on index performance from the August 14, 2026 trade date, with a maximum upside settlement amount of $1,250. If the final index level is at or above the initial level, the payoff tracks the index return up to that cap. If the index falls but stays within the 25% buffer (down to 75% of the initial level), investors receive the absolute index return (buffered upside on moderate declines). Below the buffer, principal is exposed 1:1 to further losses, potentially reducing repayment to as low as 25% of face in extreme scenarios.

The original issue price is 100% of face, with a 0.5% underwriting discount, yielding 99.5% net proceeds to the issuer. Key risks include loss of a substantial portion of principal, no interest, sensitivity to the credit of GS Finance Corp. and its parent, model-based estimated value below issue price, limited liquidity, futures-specific risks such as negative roll yield and financing costs, and tax treatment uncertainties where the notes are intended to be treated as prepaid derivative contracts.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and Goldman Sachs Group as guarantor, is offering unsecured, equity-linked notes under its Series F medium‑term note program. The notes pay no interest and return depends on an equally weighted basket of seven large‑cap stocks (Diamondback Energy, Eaton, GE Vernova, KLA, L3Harris, Texas Instruments and Vistra), each starting at approximately 14.29% weight and an initial basket level of 100.

The notes may be automatically called on the call observation date (expected September 3, 2027) if the basket level is at or above 100, in which case holders receive at least $1,180.5 per $1,000 on the call payment date (expected September 9, 2027). If not called, at maturity (expected August 24, 2028) investors participate in basket gains at a 125% upside participation rate; if the basket is down but not below 80% of its initial level, principal is returned; below that 20% buffer, losses are magnified by a 125% buffer rate, and investors can lose all principal. The estimated initial value is $900–$930 per $1,000 face amount, reflecting structuring and distribution costs, and payments are subject to the credit risk of GS Finance Corp and Goldman Sachs Group.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

Goldman Sachs Group Inc. (GS), through GS Finance Corp., is offering unsecured five‑year structured notes linked to the S&P 500® Index, VanEck Gold Miners ETF, and iShares® Silver Trust. Each note has a $1,000 face amount and matures on February 23, 2029, unless redeemed earlier.

The notes pay a contingent coupon of $32.5 per $1,000 (3.25% quarterly, up to 13% p.a.) only if on each observation date all three underliers are at or above 50% of their initial levels; otherwise the coupon for that quarter is $0. GS Finance Corp. may redeem the notes at 100% of face plus any due coupon on quarterly payment dates from February 2027 through November 2028.

If not redeemed, principal repayment depends on the worst-performing underlier at maturity. If each final level is at least 50% of its initial level, investors receive $1,000 plus the final coupon. If any underlier finishes below 50%, payoff becomes $1,000 + (lesser performing underlier return × $1,000), with no final coupon, so losses can reach the entire principal.

The original issue price is 100% of face, with a 1.85% underwriting discount and 98.15% net proceeds to the issuer. The estimated value at pricing is expected to be $925–$955 per $1,000, reflecting structuring costs and dealer compensation, and the notes are subject to the credit risk of GS Finance Corp. and the guarantee of The Goldman Sachs Group, Inc.