Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers Autocallable EURO STOXX 50® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The pricing supplement describes notes with a 125% upside participation rate, a 15% buffer (buffer level = 85% of the initial underlier) and an automatic call that would pay $1,150 per $1,000 face amount on the call payment date if the underlier is at or above its initial level on the call observation date.

Key dates in the excerpt include a trade date of May 22, 2026, original issue date of May 28, 2026, determination date of May 22, 2028 and stated maturity of May 25, 2028. The notes pay no interest, are cash-settled, and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable Contingent Coupon Index-Linked Notes due April 28, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.834 per $1,000 (1.0834% monthly, potential ~13.00% per annum) only if each underlier closes at or above its coupon trigger level (70% of its initial level) on the related observation date. If not redeemed early, the cash settlement at maturity is tied to the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500); principal can be fully lost if that underlier falls below its trigger buffer level (70%). The issuer may redeem the notes on any coupon payment date beginning in August 2026; pricing and some fees will be set on the trade date.

GS Finance Corp. is offering callable Contingent Coupon Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay a contingent monthly coupon of $8.584 per $1,000 (0.8584% monthly, potential for approximately 10.3% per annum) only if each underlier meets its coupon trigger (80% of its initial level) on the applicable coupon observation date. The cash settlement at maturity for each $1,000 face amount depends on the performance of the lesser performing underlier on the determination date (May 30, 2029), with a trigger buffer at 60% of initial levels; subject to the company’s redemption right to redeem on coupon payment dates commencing in December 2027 through May 2029.

GS Finance Corp. is offering callable contingent coupon index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay a contingent monthly coupon of $10 per $1,000 (1% monthly) when each underlier meets a 70% coupon trigger on observation dates. If any underlier falls below a 60% trigger buffer at maturity, the cash settlement is based on the lesser performing underlier return and investors could lose up to their entire principal. The issuer may redeem the notes on coupon payment dates beginning August 2026.

The Goldman Sachs Group, Inc. is offering Callable Zero Coupon Notes due 2056 with an expected trade date of May 27, 2026 and original issue date expected to be May 29, 2026. The notes mature on May 29, 2056 and are zero‑coupon original‑issue discount securities with an indicated yield to maturity of 6.65% per annum.

The issuer may redeem the notes in whole, but not in part, on specified early redemption dates (beginning May 29, 2036) at predetermined early redemption amounts expressed as percentages of $1,000 principal (for example, 27.593% = $275.93 on May 29, 2036; 93.768% = $937.68 on May 29, 2055). The notes are unsecured obligations and payments are subject to Goldman Sachs’ credit risk. U.S. tax treatment: the notes are expected to be issued with original issue discount and holders must include OID in income under a constant yield method.

GS Finance Corp. is offering structured, non-interest-bearing callable notes linked to the common stock of ServiceNow, Inc. and Snowflake Inc. The notes have an expected trade date of May 28, 2026, an expected original issue date of June 2, 2026, an expected call observation date of May 28, 2027 with a capped cash call payment of $1,820 per $1,000 face amount if both index stocks close at or above their initial prices, and an expected stated maturity of June 1, 2029.

The payout at maturity (if not called) is driven solely by the performance of the lesser performing index stock. Upside participation is 200% when both final prices exceed initial prices; a symmetric positive payment equals the absolute decline if both final prices stay at or above 60% of initial prices; and amounts can fall below 60% of face amount if the lesser performing stock declines more than 40%. The prospectus notes an estimated model value on the trade date of $925–$955 per $1,000 face amount and emphasizes issuer and guarantor credit risk, limited anti-dilution protections, potential illiquidity, and conflicts arising from Goldman Sachs’ hedging and market-making activities.

GS Finance Corp. offers $12,000,000 aggregate face amount of Buffer Autocallable GEARS due 2029, guaranteed by The Goldman Sachs Group, Inc. The securities are unsecured notes linked to an unequally weighted basket of five indices with an initial basket level of 100. They feature an automatic call on May 21, 2027 if the basket is at or above the autocall barrier (100%), producing a capped call payment equal to the face amount plus a 15.50% call return. If not called, maturity payoff on May 14, 2029 depends on the final basket level: positive returns are enhanced by an upside gearing of 1.80; a 10.00% buffer protects the first 10% of decline, but losses beyond that are passed through on a 1:1 basis (you lose 1.00% per 1.00% decline beyond the buffer). The pricing supplement shows an estimated trade-date value of approximately $9.85 per $10 face amount and an original issue price of 100% of face. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., there is no coupon, and these notes may have limited secondary-market liquidity.

GS Finance Corp. offers principal-at-risk, non‑interest bearing notes linked to an unequally weighted 13‑stock basket, guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date of May 14, 2026, original issue date May 19, 2026, and stated maturity date May 18, 2028. The initial basket level is 100.

At maturity each $1,000 face amount pays: if the final basket level > initial, $1,000 + $1,000 × 1.25 × basket return capped at $1,400; if final between 90% and 100% of initial, $1,000; if final < 90%, $1,000 + $1,000 × (basket return + 10%). The estimated value on the trade date was approximately $935 per $1,000. Payments depend on the issuer and guarantor creditworthiness and on final determination date pricing; significant principal loss is possible.

GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.209 per $1,000 (1.0209% monthly, up to approximately 12.25% per annum) if each underlier meets a 70% coupon trigger on observation dates. The underliers are the Nasdaq‑100, Russell 2000 and S&P 500. The notes are automatically called on a call payment date if every underlier is at or above its initial level on the related call observation date; otherwise, at maturity the cash settlement per $1,000 is based solely on the lesser performing underlier on the determination date and may be as low as $0, so you could lose your entire investment. Trade date is May 29, 2026, original issue date June 3, 2026, and stated maturity June 1, 2029. CUSIP 40054RJ28.

GS Finance Corp. offers leveraged buffered notes linked to the S&P 500 due 2027, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face-amount note pays at maturity based on the S&P 500 performance from the trade date to the determination date, subject to a 10% buffer and a maximum payout of $1,112.50 per $1,000. The notes pay no interest, are cash-settled, and carry issuer and guarantor credit risk; key dates include trade date May 19, 2026, original issue date May 22, 2026, determination date August 19, 2027, and stated maturity August 24, 2027.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due July 7, 2027, guaranteed by The Goldman Sachs Group, Inc., linked to NVIDIA Corporation (ticker: NVDA UW). The notes pay a contingent monthly coupon only if the underlier closes at or above 75% of the initial level on each coupon observation date.

The notes will be automatically called if the underlier closes at or above the initial underlier level on any call observation date; if not called, the cash settlement at maturity depends on the final underlier level and a 25% buffer (buffer level = 75% of initial). For each $1,000 face amount, the cash settlement can be as low as 44.000% ($440) if the final underlier level is 19% of the initial level, representing a 56.000% loss versus face. Trade date: June 1, 2026; original issue date: June 4, 2026; determination date: July 1, 2027.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.65% per annum from the original issue date (expected May 20, 2026) to the stated maturity (expected May 20, 2041). Interest is payable annually on each May 20, with the first payment expected on May 20, 2027.

The notes are issued in book‑entry form through DTC and may be redeemed in whole, but not in part, on scheduled redemption dates expected quarterly on Feb 20, May 20, Aug 20 and Nov 20 on or after Nov 20, 2028 at a redemption price equal to 100% of principal plus accrued interest. The offering is being distributed by Goldman Sachs & Co. LLC as underwriter and may include market‑making resales; FATCA withholding will generally apply.

GS Finance Corp. is offering autocallable, S&P 500® Futures Excess Return Index-linked notes due May 24, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date; if called the payment equals $1,140 per $1,000 face amount. At maturity, if not called, payoff depends on the final underlier level versus the initial level and an upside participation rate of 200% and an 80% buffer level (buffer rate = 125%). The underlier is the S&P 500® Futures Excess Return Index (futures-based, not the cash index), which can diverge from the S&P 500® due to roll/financing effects. The notes are cash-settled, exposed to issuer and guarantor credit risk, do not confer shareholder or futures-holder rights, and may result in complete loss of principal if the final underlier level is sufficiently low. Trade date is May 20, 2026 and original issue date is May 26, 2026.

GS Finance Corp. is offering leveraged, buffered S&P 500® Index-Linked Notes due June 8, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash payment at maturity tied to the S&P 500 performance from the trade date to the determination date.

Key terms: $1,000 face amount per note, 200% upside participation, a 10% buffer (buffer level = 90% of initial level), and a capped maximum settlement amount of $1,242.50 per $1,000. Trade date is June 4, 2026, original issue date June 9, 2026, determination date June 5, 2028. Investors bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and principal can be substantially lost if the final index level is below the buffer.

GS Finance Corp. offers autocallable EURO STOXX 50® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 150% and a trigger buffer level of 75%. If the notes are automatically called (call observation date May 26, 2027), investors receive $1,136 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity (June 4, 2029) depends on the final underlier level on the determination date (May 28, 2029), with losses possible down to 0% of face amount when the final underlier level is 0%.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Pfizer Inc. and pay a contingent monthly coupon of $10.459 per $1,000 face amount (approximately 1.0459% monthly; up to ~12.55% annually) when the underlier meets the coupon trigger level (76% of initial level). The notes may be automatically called if the underlier closes at or above the initial underlier level on any call observation date. At maturity, if not called, principal repayment depends on the final underlier level versus a trigger buffer (76% of initial level); losses to principal are possible, including loss of the entire investment. Trade date is June 1, 2026, original issue date June 4, 2026, and stated maturity July 7, 2027. The notes are subject to issuer and guarantor credit risk, secondary-market illiquidity, model-based pricing that initially exceeds estimated value, and tax and FATCA considerations.

GS Finance Corp. is offering callable, principal‑at‑risk notes linked to the common stocks of Micron, Intel, Marvell and AMD. The notes have a trade date expected to be May 22, 2026, an original issue date expected to be May 28, 2026 and a stated maturity expected to be May 30, 2029.

Coupons are monthly and payable only if each index stock’s closing price on a coupon observation date is at least 50% of its initial price; the coupon formula uses $24.167 per $1,000 face amount (2.4167% monthly, ~29% annualized) applied cumulatively. Notes are automatically called if, on any call observation date, each index stock’s closing price is greater than or equal to its initial price. At maturity, if a ‘‘trigger event’’ (all final prices below initial prices) occurs, payment is based on the lesser performing index stock and can be significantly below principal; examples show potential losses up to 75%. The notes are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and their market value and payments depend on issuer/guarantor credit and calculation‑agent determinations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly coupon, callable medium-term notes linked to the common stock of Sunrun Inc. The offering comprises an aggregate face amount of $500,000, original issue price of 100% of face and an underwriting discount of 0.25%. Coupons are contingent quarterly amounts (each coupon period accrues $74.5 times elapsed observation dates less prior coupons) and are paid only if the underlier closes at or above a 50% coupon trigger level. The notes are automatically called if the underlier closes at or above the initial level ($14.46) on any call observation date. If not called, maturity payoff is cash per $1,000 face: $1,000 if final underlier ≥ trigger buffer (50% of initial), otherwise $1,000 × underlier return, exposing investors to full principal loss if the final underlier is sufficiently low. Trade date is May 14, 2026, original issue date May 19, 2026, and stated maturity August 18, 2027.

GS Finance Corp. is offering $2,346,000 aggregate face amount of medium-term notes linked to the S&P 500® Index. The notes do not pay interest and will pay at maturity either the $1,000 face amount (if the final underlier level is equal to or below the initial level) or $1,000 plus the underlier return subject to a $1,217 maximum settlement amount per $1,000 face amount. The notes have a trade date of May 14, 2026, original issue date of May 19, 2026, a stated maturity date of May 17, 2029, and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers non‑interest bearing notes linked to the common stock of Intuit Inc. The notes have a $1,000 face amount per note and measure performance from the expected trade date of May 27, 2026 to the expected determination date of November 29, 2027, with an expected stated maturity of December 2, 2027. If the final index stock price is ≥50% of the initial index stock price, holders receive a capped threshold settlement amount of $1,240 per $1,000 face amount; if the final index stock price is <50% of the initial price, payment declines pro rata and could result in a total loss of principal. The estimated value on the trade date is expected to be between $925 and $965 per $1,000 face amount. Payments depend on GS Finance Corp.'s and The Goldman Sachs Group, Inc.'s creditworthiness and on determinations by Goldman Sachs & Co. LLC as calculation agent.

GS Finance Corp. is offering leveraged equity-linked notes due May 23, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. The cash payment at maturity depends on the performance of ServiceNow, Inc. stock from the trade date to the determination date and can be capped at $4,844.50 per $1,000 face amount. If the final underlier level is at or above 60% of the initial level but below the cap, investors receive at least the face amount; below the 60% trigger buffer they incur losses proportional to the underlier decline (down to 0%). Terms (including the initial underlier level and issue price) are set on the trade date of May 20, 2026.

GS Finance Corp. is offering structured notes linked to the common stock of Devon Energy Corporation with an initial index stock price of $47.24 and a stated maturity of May 18, 2028. Coupons of $32.50 per $1,000 (3.25% quarterly, up to 13% per annum) are payable only on coupon payment dates when the index stock closing price on the related observation date is at least 65% of $47.24. The notes are automatically called if the closing price on any call observation date is at or above the initial price, in which case holders receive the face amount plus any coupon due. If the final index stock price at determination is below 65% of the initial price, maturity payment is reduced pro rata by the index stock return; the offering discloses an estimated value of approximately $973 per $1,000 face amount and aggregate original face amount of $695,000. Payments depend on the issuer's and guarantor's creditworthiness; GS&Co. is the calculation agent with sole discretion over key determinations.

GS Finance Corp. offers callable Dow Jones Industrial Average®-linked notes due May 19, 2031, guaranteed by The Goldman Sachs Group, Inc. The issue has an original issue price of 100% of face amount with an aggregate face amount of $3,358,000 on the original issue date and an underwriting discount of 2.5%. The notes do not bear interest and will pay at maturity either the face amount or, if the final index level exceeds the initial level of 50,063.46, an amount equal to $1,000 plus $1,000 times the index return (100% participation).

The issuer may redeem the notes in whole (but not in part) on quarterly call payment dates beginning May 19, 2027 through February 20, 2031 for $1,000 plus a specified call premium (ranging from 10.25% to 48.6875% depending on date). The estimated value on the trade date is approximately $969 per $1,000 face amount, reflecting fees and model assumptions; holders remain subject to GS Finance Corp. and Goldman Sachs credit risk and U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. priced contingent monthly coupon medium-term notes linked to NVIDIA common stock ("NVDA"). The notes have a $1,000 face amount each and an aggregate face amount of $484,000. They pay a contingent monthly coupon of $11.834 per $1,000 (1.1834% monthly, up to ~14.20% per annum) when the underlier closes at or above 60% of the initial level on observation dates. The notes are subject to an automatic call if the underlier closes at or above the initial level on any call observation date, in which case holders receive $1,000 plus any coupon then due. At maturity, if not called, cash settlement per $1,000 depends on the final underlier level; amounts can range from 0% to 100% of face amount, so investors could lose their entire investment if the final underlier level falls below the 60% trigger buffer. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., have an original issue price of 100%, underwriting discount of 2.225%, and stated maturity of April 24, 2028.

GS Finance Corp. is offering capped, S&P 500®-linked medium-term notes (aggregate face amount $1,646,000) that pay no periodic interest. The notes reference the S&P 500 Index from trade date May 14, 2026 to determination date May 14, 2031 and mature on May 19, 2031. At maturity each $1,000 face amount will pay either the face amount or, if the S&P 500 final level exceeds the initial level, $1,000 plus the underlier return capped at a maximum settlement amount of $1,455 per $1,000 face. The notes are unsecured senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and do not bear interest.

GS Finance Corp. offers structured, autocallable notes linked to NVDA, TSM (ADS) and MU with The Goldman Sachs Group, Inc. as guarantor. The notes pay conditional monthly coupons and may be automatically called on observation dates commencing in May 2027. The notes mature on May 30, 2029 unless earlier called.

Each $1,000 face amount pays a coupon only if all three index stocks meet a 50% trigger threshold on observation dates; a trigger event at maturity (all three below initial prices) causes principal repayment to be based on the lesser performing index stock, which could result in a substantial loss. The estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering structured notes linked to the common stock of Advanced Micro Devices, Inc., the Class C common stock of Dell Technologies Inc. and the common stock of Intel Corporation. The notes have a face amount of $1,000 per note, an expected trade date of May 22, 2026, an original issue date expected to be June 1, 2026, and a stated maturity expected to be May 30, 2029.

Monthly coupons are determined by a formula that uses a fixed factor of $19.584 (1.9584% monthly, ~23.5% annualized) and are payable only if each index stock meets a coupon trigger price equal to 50% of its initial price. The notes are subject to automatic call on observation dates commencing in May 2027 if each index stock’s closing price is at least its initial price; called notes pay principal plus any coupon then due. At maturity, if a trigger event occurs (all final prices below initial prices), payoff is tied to the lesser performing index stock and may be significantly less than principal. The estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $3,183,000 of buffered, capped S&P 500®-linked notes. The notes pay no interest and mature in May 2028, with payoff tied to the S&P 500® performance from the trade date to the determination date. If the final index level exceeds the initial level, holders receive the underlier return capped at a $1,204.50 maximum settlement per $1,000 face amount. If the final level is between the initial level and the 80% buffer level, holders receive the face amount. If the final level is below the buffer, losses occur on a 1:1 basis below the buffer, exposing holders to substantial principal loss. Terms are subject to adjustments described in the general terms supplement.

GS Finance Corp. offers principal-linked, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index and the EURO STOXX 50® Index, have an aggregate face amount of $980,000, an original issue price of 100% of face, and do not bear interest. The notes may be automatically called on specified quarterly observation dates if each underliers closing level is at or above its initial level, producing a cash payment equal to $1,000 plus a stated call premium. If not called, the cash settlement at maturity depends solely on the lesser performing underlier versus its initial level, is capped by a 53.75% maturity premium, and can result in a total loss if the lesser performing underlier falls below its trigger buffer level (70%). Trade date is May 14, 2026, original issue date May 19, 2026, and stated maturity May 19, 2031. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced contingent quarterly coupon notes linked to Palantir Technologies Inc. common stock. The offering has an $1,800,000 aggregate face amount and an original issue price 100% of face. Coupons of $50.25 per $1,000 (a 5.025% quarterly rate, 20.10% annualized) are payable only if the underlier at each coupon observation date is at or above a 60% coupon trigger level. The notes are subject to an automatic call if the underlier closes at or above the initial level ($133.73) on any call observation date, in which case each $1,000 face is redeemed at par. At maturity, if not called, principal is paid in cash: either $1,000 if the final underlier level is at or above the 60% trigger buffer level, or $1,000 + ($1,000 × underlier return) (which can result in a total loss of principal). The notes mature on May 19, 2027 and are fully guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Goldman Sachs Momentum Builder® Focus ER Index with an aggregate face amount of $24,496,000. The notes pay no periodic interest and can be automatically called on specified annual call observation dates if the index closes at or above increasing call levels; each $1,000 face amount called pays $1,000 plus a call premium (ranging from 12.00% in 2027 up to 72.00% in 2032 on the schedule shown). If not called, maturity payoff per $1,000 depends on index performance: for a positive index return you receive $1,000 plus the upside participation rate of 100% times the index return; if the final index level is equal to or less than the initial index level, you receive the face amount.

The notes have an original issue price equal to face amount with an underwriting discount of 4.625%, net proceeds to issuer of 95.375%, and an estimated value on the trade date of $900 per $1,000 face amount (additional amount $55.201 declining to zero on August 13, 2026). The index applies a 0.65% per annum deduction and may allocate materially to hypothetical cash positions; the notes are subject to issuer and guarantor credit risk.

GS Finance Corp. offers structured, auto-callable notes linked to the common stock of Qualcomm Inc., Marvell Technology, Inc., and Moderna, Inc., with a stated maturity expected to be May 30, 2029 and an expected trade date of May 22, 2026.

Each $1,000 face-amount note may pay monthly coupons only if all three index stocks meet 50%-of-initial-price triggers on coupon observation dates; automatic redemption may occur on specified observation dates beginning in May 2027. If a trigger event occurs at maturity, payment depends on the lesser-performing index stock and could be significantly less than principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. priced S&P 500®-linked, principal-at-risk notes with an aggregate face amount of $10,416,000. The notes pay no interest and mature on May 19, 2031. At maturity the cash payment per $1,000 face is capped at $1,421 if the final S&P 500 level is >= the buffer level (80%); if below the buffer the investor loses 1% of principal for each 1% decline below the buffer (20% downside cushion).

The notes were issued at 100% of face with a 0.75% underwriting discount (net proceeds 99.25% of face). They are senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., exposed to both index performance and the issuer/guarantor credit risk.

GS Finance Corp. is offering $7,222,000 aggregate face amount of Trigger Autocallable Notes linked to the S&P 500® Index, due May 19, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, have annual autocall observations, a 100.00% autocall barrier, a 75.00% downside threshold and an increasing call return beginning at 8.10% per annum. If automatically called on a call observation date, investors receive the face amount plus the applicable capped call return; if not called and the final index level is below the downside threshold, principal is contingent and investors may lose some or all of their investment.

GS Finance Corp. is offering structured, cash-settled medium-term notes linked to Spotify Technology S.A. (ticker SPOT UN) with an aggregate face amount of $1,000,000. Each note has a $1,000 face amount, an upside participation rate of 150%, and a buffer at 80% of the initial underlier level. If the notes are automatically called on the call observation date, holders receive $1,293.30 per $1,000 on the call payment date. If not called, final cash at maturity depends on the final underlier level: full principal plus upside for positive returns, return of principal if the final level is at or above the buffer, or a leveraged loss formula if the final level is below the buffer. The initial underlier level is $430.90 (closing level on May 13, 2026). The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and bear the credit risk of the issuer and guarantor.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers principal-protected, autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. Each note has a $1,000 face amount; aggregate face amount is $1,872,000. Notes pay an automatic call premium if the index meets rising call levels on annual observation dates; otherwise maturity payoff depends on the index return with a 100% upside participation rate. The estimated trade-date value is $900 per $1,000 and the additional amount of $57 declines to zero on August 13, 2026. The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index‑Linked Notes due, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $1,000 per note) pay no interest, have an upside participation rate of 410%, a trigger buffer at 70%, an expected trade date of May 20, 2026 and an expected stated maturity of May 27, 2031. The notes may be redeemed monthly from May 2027 through April 2031 at specified capped call premiums. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments at maturity depend on the final closing level of the S&P 500® Futures Excess Return Index on the determination date and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers autocallable contingent coupon underlier-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $11.042 per $1,000 (1.1042% monthly, potential up to approximately 13.25% per annum) when each underlier meets a 70% coupon trigger on observation dates. The notes are callable early if each underlier equals or exceeds its initial level on a call observation date; trade date is May 22, 2026, original issue date is May 28, 2026, and stated maturity is May 28, 2031. Payment at maturity (if not called) depends solely on the lesser performing underlier versus its trigger buffer (70% of initial level), and investors may lose up to their entire investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to three single stocks. The notes have a face amount of $1,000 per note, an expected trade date of May 22, 2026, an expected original issue date of May 28, 2026 and an expected stated maturity of May 22, 2031.

The notes include an automatic call if, on the call observation date (expected August 24, 2026), each reference stock is ≥ 80% of its initial price, producing a capped cash payment of $1,194.001 per $1,000 face amount on the call payment date. At maturity, if not called, payoff depends solely on the lesser performing index stock: upside participation is 200% if all final prices exceed initial prices; a full return of principal occurs if all final prices are ≥ 60%; below 60% the investor suffers amplified losses based on a buffer rate of ~166.67%, potentially losing the entire investment.

Goldman Sachs Bank USA is offering $10,000,000 principal of callable fixed rate notes due May 18, 2029 with an interest rate of 4.60% per annum, payable semiannually on May 18 and November 18 beginning November 18, 2026. The issuer may redeem the notes in whole (not in part) on each redemption date on or after May 18, 2027 at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The notes are unsecured, subordinated to depositors, not FDIC insured, and are being offered in reliance on Section 3(a)(2) of the Securities Act. The initial price to public is 100% (per note $10,000), with underwriting discount of 0.25% (aggregate $25,000) and proceeds to the issuer of 99.75% (aggregate $9,975,000).

GS Finance Corp. is offering autocallable S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a 200% upside participation rate, an 80% buffer level and a capped automatic call payment of $1,286 per $1,000 face amount on the call payment date if the underlier is at or above the initial level on the call observation date. The notes do not pay interest, are cash‑settled, track the S&P 500® Futures Excess Return Index (E‑mini futures) rather than the S&P 500® Index, and may expose investors to losses up to the full investment if the final underlier level is below the buffer level. Trade date is May 20, 2026, original issue date May 26, 2026, call observation date May 22, 2028 (call payment May 25, 2028) and maturity determined on May 20, 2031 with stated maturity May 23, 2031.

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes due in 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000®, S&P 500® and Nasdaq-100 and pay quarterly coupons of $31.25 per $1,000 face amount only if each index stays at or above 70% of its initial levels during a quarterly observation period.

The notes may be automatically called beginning with the August 2026 observation end date if each index closes at or above its initial level set on May 15, 2026. At maturity (expected May 18, 2029), if not called, the cash payment depends on the performance of the lesser performing index and may result in significant loss, including loss of most or all principal if that index falls below 60% of its initial level. Estimated value at pricing is between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay a contingent monthly coupon of $8 per $1,000 (0.8% monthly; up to 9.6% per annum) if each underlier meets its coupon trigger level on observation dates. The notes are linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, contain an automatic call feature if all underliers are at or above their initial levels on a call observation date, and at maturity pay an amount tied to the lesser performing underlier, subject to a trigger buffer level that can cause principal loss. Trade date is May 20, 2026; issue date is May 26, 2026; stated maturity is May 24, 2029.

GS Finance Corp. offers buffered basket-linked notes due May 30, 2031, guaranteed by The Goldman Sachs Group, Inc. Return is based on a weighted basket of TOPIX, the S&P 500® and the EURO STOXX 50®, measured from an expected trade date of May 27, 2026 to the expected determination date of May 27, 2031. Each $1,000 face amount pays at maturity either (a) $1,000 plus the weighted return up to a minimum $2,000 cap if the weighted return is positive, (b) $1,000 if the weighted return is between 0% and -20%, or (c) $1,000 plus $1,000 times (weighted return + 20%) if the weighted return is below -20%, which can produce substantial principal loss.

The notes do not bear interest; the estimated value on the trade date is between $885 and $915 per $1,000 face amount. Original issue price is 100% of face amount; underwriting discount is 3%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected contingent notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index. Each $1,000 note may pay monthly coupons of $6.292 when observation dates meet a 85% trigger and matures expected June 3, 2031, unless automatically called beginning May 2027. At maturity you receive $1,000 if the final index level is at least 85% of the initial level; if it is below 85%, payoff is reduced by the index return beyond a 15% buffer. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. priced leveraged S&P 500® Index‑Linked Notes due July 30, 2027. Each note has a $1,000 face amount and an upside participation rate of 300% with a $1,147.50 maximum settlement amount. If the final underlier level exceeds the initial level, holders receive $1,000 plus the upside participation times the underlier return, capped at the maximum settlement amount. If the final underlier level is equal to or below the initial level, holders receive $1,000 plus the underlier return and may lose principal; a final underlier below the initial level can result in a full loss of principal. The notes pay no interest, are cash‑settled based on the S&P 500® Index, are issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Buffered Digital Equity-Linked Notes linked to the common stock of Broadcom Inc.. The notes pay no interest and repay an amount at maturity based on the underlier performance versus a buffer level set at 85% of the initial underlier level (a buffer amount of 15%). If the final underlier level is greater than or equal to the buffer level, holders receive a capped maximum settlement amount (expected between $1,271.30 and $1,318.30 per $1,000 face). If the final underlier level is below the buffer level, holders lose approximately 1.1765% of face for each 1% decline below the buffer; investors could lose their entire investment. Terms (trade date, determination date, stated maturity date) and pricing will be set on the trade date and are subject to adjustment.

GS Finance Corp. is offering autocallable, MSCI EAFE index-linked notes due May 23, 2031, guaranteed by The Goldman Sachs Group, Inc.. The notes pay no interest, may be automatically called on the call observation date, and provide for upside participation of 185% if the final underlier level is above the initial level. If automatically called, each $1,000 face amount would pay $1,120 on the call payment date. If not called, maturity payments depend on the MSCI EAFE final level relative to an 80% trigger buffer; holders may lose up to their entire investment if the final level is below the trigger buffer. Key dates include trade date May 20, 2026 and original issue date May 26, 2026. The notes are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

The securities are Contingent Income Auto-Callable Securities issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. They reference the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100. Pricing is expected on May 22, 2026 with an original issue date of May 28, 2026 and a stated maturity date of May 25, 2028.

Holders may receive a contingent quarterly coupon of $25.00 per $1,000 principal only if each index is at or above a downside threshold level equal to 70.00% of its initial index value on coupon observation dates. The notes are automatically called if, on any call observation date, each index is at or above its initial index value, producing a principal repayment plus the then-due coupon. If not called, maturity payment is either $1,000 (if all indices are at/above their thresholds) or $1,000 multiplied by the worst performing index performance factor; payments may be less than $700 and could be zero.