Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent monthly coupon of 0.9584% (up to ~11.5% per annum) per $1,000 face amount. Trade date is May 15, 2026, original issue date May 20, 2026 and stated maturity May 18, 2029. Coupons are paid only when each underlier is at or above its coupon trigger level (each 70% of initial level). The notes are automatically called if all underliers meet or exceed their initial levels on any call observation date. If not called, the cash settlement at maturity is based solely on the lesser performing underlier and could result in a total loss of principal.

GS Finance Corp. offers callable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes link final payoff to the lesser performing of the Nasdaq-100 and S&P 500, mature on the expected May 28, 2031, and may be redeemed monthly beginning June 3, 2027. For each $1,000 face amount, holders receive $1,000 at maturity unless both underliers finish above their initial levels; if so, payoff equals $1,000 plus $1,000 times the lesser performing index return (100% upside participation). The estimated model value on the trade date is between $885 and $935 per $1,000 face amount; the original issue price is 100% of face amount. The prospectus highlights credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential for early redemption at specified call premium amounts, market-disruption provisions, and special U.S. federal tax treatment as contingent payment debt instruments.

GS Finance Corp. is offering structured notes linked to the Class A common stock of The Trade Desk, Inc. The notes are expected to trade on May 15, 2026, have an expected original issue date of May 20, 2026, and an expected stated maturity of May 22, 2029. Quarterly coupons of 6.25% (up to 25% per annum) are payable only if the index stock closing price on each coupon observation date is at least 50% of the initial index stock price. The notes are automatically redeemed if, on any call observation date, the closing price is at or above the initial index stock price; in that event holders receive principal plus any coupon then due. At maturity, if the final index stock price is below 50% of the initial index stock price, the cash settlement is reduced pro rata by the index stock return and could be less than 50% of principal. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. offers market-linked, auto-callable notes (Series F) due November 30, 2029. The securities have a $1,000 face amount, a pricing date of May 27, 2026 and an expected original issue date of June 1, 2026. The offering price is $1,000 per security and the issuer estimates the value at pricing to be between $925 and $955 per $1,000 face amount.

The notes are linked to the lowest performing of three underliers: the Russell 2000® Index, the iShares® Expanded Tech-Software ETF and the iShares® 20+ Year Treasury Bond ETF. Automatic call can occur on scheduled call dates if the lowest performing underlier is at least 82.00% of its starting value, producing fixed call premiums that range (at minimum) from 12.00% up to 42.00%. If not called, principal protection is conditional: the downside threshold is 70.00% of starting value and investors have 1-to-1 downside exposure below that level, possibly losing up to 100.00% of face amount at maturity. Payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The issuer, GS Finance Corp. is offering non‑interest, principal‑at‑risk notes linked to the VanEck Semiconductor ETF (SMH). The notes mature on May 9, 2030 (determination date May 6, 2030) but may be automatically called beginning with the call observation date in May 2027. The initial underlier level is $549.76. If not called, maturity payoffs are: $1,740 per $1,000 if the final level is at or above the initial level; $1,000 if the final level declines by up to 40%; and a proportionate loss if the final level declines by more than 40% (trigger buffer = 60%). Estimated value at pricing was approximately $962 per $1,000 face amount; original issue price is 100% of face. Aggregate original face amount is $1,543,000. The notes are unsecured obligations of GS Finance Corp. with a guarantee by The Goldman Sachs Group, Inc. and include a structuring fee of up to 0.65% of face amount.

GS Finance Corp. priced buffered, capped equity-linked notes tied to the S&P 500® Index. The offering aggregates $3,156,000 of notes with a $1,000 face amount per note, trade date May 6, 2026, original issue date May 11, 2026, determination date May 8, 2028 and stated maturity May 11, 2028. At maturity holders receive up to a capped $1,225 per $1,000 face if the final S&P 500 level is at or above the initial level; they receive principal if the decline is within a 25% trigger buffer (trigger buffer level = 75%); declines beyond the buffer produce pro rata losses in the face amount, potentially resulting in total loss. The notes pay no interest and are unsecured senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. priced callable contingent coupon index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.542 per $1,000 (1.0542% monthly, potential ~12.65% per annum) when each underlier closes at or above 70% of its initial level on an observation date. If any underlier is below the 70% trigger buffer at maturity, the cash settlement equals $1,000 × the lesser performing underlier return, so investors could lose up to their entire investment. The issuer may redeem the notes on any coupon payment date beginning August 2026 through March 2028. Trade date is May 15, 2026 and stated maturity is April 20, 2028.

GS Finance Corp. priced leveraged callable EURO STOXX 50^® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on May 27, 2031 (expected) and feature an upside participation rate of at least 235%. For each $1,000 face amount at maturity, if the final index level exceeds the initial level you will receive $1,000 plus $1,000 times at least 2.35 times the index return; if the index return is zero or negative you will receive $1,000. The notes may be redeemed quarterly at issuer option beginning June 2027 on specified call payment dates for cash equal to $1,000 plus a call premium (examples: June 3, 2027 call premium 10%, February 26, 2031 call premium 47.5%).

The original issue price is 100% of face amount, the underwriting discount is 2.5%, net proceeds to the issuer are 97.5%, and GS&Co. estimates the notes' estimated value at trade date between $885 and $915 per $1,000 face amount. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. At maturity the cash payment depends on the S&P 500 performance between the trade date and determination date and is subject to a 20% buffer, an 80% buffer level and a maximum upside settlement of $1,205 per $1,000. If the final underlier level is between the buffer level and the initial level, the holder receives the absolute underlier return; if the final level is below the buffer level the holder suffers proportional losses. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028 and stated maturity June 2, 2028.

GS Finance Corp. offers indexed, non‑interest bearing notes maturing May 8, 2031 with an aggregate face amount of $728,000 on the original issue date and an original issue price of 100%.

The notes track a weighted basket (65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets), can be automatically called on May 12, 2027 for $1,160 per $1,000, and pay at maturity either principal plus participation (Upside Participation Rate 255%) if the basket is up, principal if the final basket level is ≥ 80% of the initial level, or a downside loss pro rata if the final basket level is below 80% of the initial level. The estimated value at issuance is approximately $998 per $1,000.

GS Finance Corp. is offering $4,660,790 aggregate face amount of Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly contingent coupon of $0.2645 per $10 (up to 10.58% per annum) only if both the Russell 2000® and Nasdaq-100® close at or above a 70% coupon barrier on each observation date. Beginning November 2026, the notes will be automatically called if both indices are at or above their initial levels; otherwise, at maturity the cash settlement equals $10 if both final index levels are at or above 70% of initial, but if the lesser performing index finishes below 70% you may lose a percentage equal to that index’s return, potentially losing your entire investment. The estimated model value on the trade date was approximately $9.90 per $10 face amount, while the original issue price is 100% of face.

Goldman Sachs published an index supplement addendum describing the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER (Bloomberg: SPAR4V4). The index applies a rules-based, volatility‑adjusted overlay on the S&P 500® Futures Excess Return Index with a maximum exposure of 500%, a maximum daily leverage change of 100% and a daily decrement of 4.0% per annum. Historical data combines hypothetical performance prior to the December 27, 2024 launch with live history since that date; the supplement shows comparative annualized returns and volatility through April 30, 2026, and index exposure of 314.14% on that date.

GS Finance Corp. is offering $1,000,000 in medium-term notes linked to the VanEck Semiconductor ETF (SMH). The notes pay no interest, may be automatically called if the underlier on the call observation date is at or above the initial level, and otherwise pay a cash settlement at maturity based on underlier performance.

Key economics include an initial underlier level of $522.69, a 100% upside participation rate, an 80% buffer level (buffer rate = 125%), original issue price at 100% of face, underwriting discount 1.5%, and net proceeds 98.5%. Trade date: May 6, 2026; stated maturity: May 10, 2028; call observation date: May 18, 2027; call payment date: May 21, 2027.

GS Finance Corp. is offering $375,000 aggregate face amount of autocallable index-linked notes due May 11, 2028, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Nasdaq-100 and S&P 500 and may be automatically called on May 13, 2027 for $1,110 per $1,000 face amount if each underlier is ≥90% of its initial level.

At maturity (determination date May 8, 2028), payoff depends on the lesser performing underlier: if both finish above initial levels you receive 125% participation in the lesser underlier’s gain; if any underlier finishes between 70% and 100% of its initial level you receive the face amount; if any underlier finishes below 70% you could lose principal, receiving an amount equal to $1,000 plus $1,000 times the lesser underlier return. The estimated value on the trade date is approximately $976 per $1,000 face amount; issue price is 100%, underwriting discount 0.5%, net proceeds to issuer 99.5%. Payments are subject to the issuer’s and guarantor’s credit risk and U.S. federal tax characterizations described herein.

GS Finance Corp. is offering $Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount depends on the S&P 500 index return from the trade date to the determination date, subject to a 15% buffer and a $1,180 maximum payoff. Trade date is May 15, 2026, original issue date May 20, 2026, determination date May 15, 2028, and stated maturity May 18, 2028. The notes pay no interest, expose holders to issuer and guarantor credit risk, may trade below purchase price before maturity, and have limited upside due to the capped settlement amount.

GS Finance Corp. is offering callable, equity‑linked notes tied to the common stock of Devon Energy Corporation. Each note has a $1,000 face amount, an expected trade date of May 14, 2026, an expected original issue date of May 19, 2026, and an expected stated maturity date of May 18, 2028.

The notes pay a structured quarterly coupon that totals $32.50 per $1,000 for each coupon observation that meets the coupon trigger (3.25% quarterly, up to 13% per annum). Coupons and principal at maturity depend on the index stock return versus a trigger buffer price equal to 65% of the initial index stock price. The notes are automatically called if the index stock closes at or above the initial index stock price on specified call observation dates.

Goldman Sachs published an index supplement addendum describing the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6), an index that provides volatility‑adjusted, rules‑based exposure to the S&P 500® Futures Excess Return Index with a daily rebalancing regime. The index permits up to 500% exposure, limits daily leverage changes to 100%, and applies a 6.0% per annum daily decrement. Historical and hypothetical performance data are shown (launch date December 27, 2024), including a 1-year annualized return of 32.71 and an index exposure of 314.14 on April 30, 2026. The addendum notes that hypothetical performance prior to the launch date was sourced from the index sponsor and cautions against using past performance to predict future results.

The S&P 500® Futures 40% VT Adaptive Response Index (USD) ER is a rules-based index that seeks volatility-adjusted exposure to the S&P 500® Futures Excess Return Index, with a maximum exposure of 500% and a maximum daily leverage change of 100%. The index launched on December 27, 2024 and uses calendar-based signals and price patterns to adjust exposure daily. The supplement shows comparative annualized returns through April 30, 2026 (1-year 41.00%, 3-year 17.62%, 5-year 10.86%) and reports annualized volatility figures and an index exposure of 314.14% to the S&P 500® Futures Excess Return Index on April 30, 2026. Hypothetical performance prior to the launch date was provided by the index sponsor and is labeled as such.

The offering is GS Finance Corp. medium-term notes, fully guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Tesla, Inc. The notes pay a contingent monthly coupon of $12.084 per $1,000 (1.2084% monthly, up to ~14.5% per annum) when the underlier closes at or above the coupon trigger level (80% of the initial level). The notes include a 35% buffer (buffer level 65%) and a 100% buffer rate; if the final underlier level is below the buffer level a loss is realized per the stated formula. Initial underlier level is $398.73. Trade date is May 6, 2026, original issue date May 11, 2026, and stated maturity May 10, 2029. The notes may be automatically called early if the underlier closes at or above the initial level on any call observation date, in which case holders receive $1,000 per $1,000 plus the then-due coupon. Aggregate face amount shown is $1,725,000. The notes are subject to credit risk of GS Finance Corp. and its guarantor and may not have an active trading market.

GS Finance Corp. offers $1,000,000 aggregate face amount of medium-term structured notes (fully guaranteed by The Goldman Sachs Group, Inc.) via Pricing Supplement No. 24,573 dated May 6, 2026. The notes reference the S&P 500® Index and feature an automatic call on the call observation date and a principal-at-risk structure at maturity.

If the notes are automatically called (call observation date), each $1,000 face amount will pay $1,094 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: upside participation of 150% for positive returns, full return of principal if the final level is at or above the 80% buffer, and a downside exposure that can reduce principal (examples show as low as 20% of face in extreme scenarios).

GS Finance Corp. priced principal-protected-style notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER that mature on May 13, 2031. The notes pay a structured quarterly $20 coupon per $1,000 face amount when the index on an observation date is at least 55% of the initial level and are automatically called if the index on a call observation date is at least 86% of the initial level of 858.95. The index applies leverage (up to 500%), a maximum daily leverage change of 100%, and a daily decrement of 4.0% per annum, which reduces index returns. The estimated value at pricing was approximately $934 per $1,000 face amount and the original issue price was 100% with an underwriting discount of 4.3%. The notes are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable S&P 500® index-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes have an automatic call feature: if the underlier closes at or above the initial level on the call observation date, holders receive $1,104 per $1,000 on the call payment date. If not called, the maturity payment depends on S&P 500 performance: an upside participation rate of 200% applies to gains; a 15% buffer (85% buffer level) and buffer rate of 100% apply to losses, which can result in substantial principal loss. The notes pay no interest, are cash-settled, and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. priced $12,000,000 of contingent income buffered auto-callable securities linked to Freeport-McMoRan common stock due May 11, 2027. Each $1,000 security pays contingent monthly coupons if the underlying closes at or above a buffer price (70% of the initial share price). Securities are automatically called if the underlying closes at or above the initial share price on any call observation date; otherwise principal at maturity depends on the final share price and a downside factor of approximately 1.4286. The initial share price is $57.68; estimated value per security at pricing was approximately $995.

GS Finance Corp. offers $Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes are cash-settled instruments linked to the common stock of ServiceNow, Inc. with an initial underlier level of $93.59 (closing level on May 7, 2026), a trigger buffer level of 70% and a maximum settlement amount of $1,420 per $1,000 face amount. The trade date is May 8, 2026, original issue date is May 13, 2026, the determination date is November 8, 2027 and the stated maturity date is November 12, 2027.

Payment at maturity is cash only: if the final underlier level is greater than or equal to the 70% trigger buffer level you receive the capped maximum settlement amount; if the final underlier level is below the trigger buffer level you lose 1% of face amount for each 1% decline below the initial level (you could lose your entire investment). The notes pay no interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $2,636,000 face amount of indexed, cash‑settled notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call payment date if each underlier closes at or above its initial level on the call observation date, and otherwise pay at maturity an amount tied to the lesser performing underlier with a 100% upside participation rate. Key dates: trade date May 6, 2026, original issue date May 11, 2026, call observation date May 6, 2027, call payment date May 11, 2027, determination date May 6, 2031, and stated maturity date May 9, 2031. If automatically called, the issuer will pay $1,107.50 per $1,000 face amount on the call payment date; at maturity, if not called, the cash settlement equals either $1,000 + $1,000 × participation × lesser performing underlier return (if all underliers finish above their initial levels) or $1,000 (if any underlier finishes equal or below its initial level).

GS Finance Corp. prices a structured, principal-at-risk note due May 9, 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay a conditional monthly coupon of $8.709 per $1,000 (0.8709% monthly, ~10.45% per annum) only if each underlier is at or above 70% of its initial level on an observation date and are automatically called if, on any call observation date, each underlier is at or above its initial level.

The payout at maturity (if not called) depends on the lesser performing underlier: if every underlier is ≥70% of initial, you receive principal plus final coupon; if any underlier is <65% of initial, you receive an amount tied to that underlier return and could receive <65% of face value. Trade date is May 6, 2026, original issue date May 11, 2026, and stated maturity May 9, 2030.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers principal-at-risk, cash-settled notes linked to the S&P 500® Index. The notes have an aggregate face amount of $5,190,000, an upside participation rate of 120% and a trigger buffer at 70% of the initial underlier level. If the notes are automatically called on the call observation date, holders receive $1,090 per $1,000 face amount on the call payment date. If not called, maturity payoffs vary: upside participation when the final level exceeds the initial level, full face amount when the final level is at or above 70% of the initial level but at or below the initial level, and a loss equal to the underlier return times $1,000 if the final level is below the 70% trigger, which can result in a total loss of principal. The notes pay no interest and are subject to issuer and guarantor credit risk. Key dates include trade date May 6, 2026, original issue date May 11, 2026, call observation date May 13, 2027, call payment date May 18, 2027, determination date May 7, 2029 and stated maturity date May 10, 2029. Purchase economics: original issue price equals 100% of face amount, underwriting discount 2%, net proceeds 98% of face amount.

GS Finance Corp. is offering medium-term notes with an aggregate face amount of $11,366,000, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.542 per $1,000 face amount (0.8542% monthly, potential up to approximately 10.25% per annum) when each underlier is at or above its coupon trigger level.

Payments at maturity (if not automatically called) and automatic call features depend on three equity underliers: the Nasdaq-100, Russell 2000 and S&P 500. Coupon trigger levels are 70% of initial levels and trigger buffer levels are 60%. If the notes are not called, the cash settlement at maturity for each $1,000 face amount is $1,000 if the lesser performing underlier is at or above 60% of its initial level; below that level the payment equals $1,000 multiplied by the lesser performing underlier return (you could lose your entire investment). Trade date is May 6, 2026 and stated maturity is May 9, 2031.

The issuer, GS Finance Corp., is offering structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6). Each $1,000 face amount may pay a monthly coupon of $11.667 when the index closes at or above 60% of its initial level. The index applies leverage (up to 500%) subject to a 100% cap on daily leverage change and a daily 6.0% per annum decrement. Notes mature expectedly on May 22, 2031 but are subject to automatic quarterly calls beginning May 2029 if the index equals or exceeds its initial level. The estimated value at pricing is between $885 and $935 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and index-specific risks, including loss of principal, leverage amplification of losses, decrement drag, limited operating history of the index, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers Market Linked Notes—auto-callable with a contingent coupon and principal return at maturity. The notes reference the lowest performing of PLTR, NVDA, DELL and MU, have a $1,000 face amount, a pricing date of May 15, 2026, an original issue date of May 20, 2026 and a stated maturity of May 20, 2031. Coupons are contingent and monthly: each $1,000 note will pay at least $10.167 (approximately 12.20% per annum) for a month only if the lowest performing underlying stock on the calculation day is at or above 70% of its starting price. The notes are subject to automatic call if the lowest performing underlying stock on a call date is at or above its starting price on that call date, in which case holders receive the face amount plus a final contingent coupon. If not called, the maturity payment equals the face amount and holders do not participate in any upside or receive dividends of the underlying stocks. Estimated note value at pricing is between $885 and $915 per $1,000 face amount. All payments are subject to issuer and guarantor credit risk and the notes have no exchange listing.

GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with a $1,000 face amount per note, an 200% upside participation rate, a 10% buffer (buffer level 90%), and a capped cash payment at $1,126 per $1,000 face amount. The trade date is May 15, 2026, original issue date May 20, 2026, determination date May 17, 2027, and stated maturity May 20, 2027. At maturity the notes pay in cash based on the underlier return: full principal if the final level is at or above the buffer level, leveraged upside subject to the cap if the index rises, or a proportional loss below the buffer level. The notes pay no interest and are subject to issuer and guarantor credit risk, secondary market illiquidity, tax uncertainty, and other risks described in the supplement.

GS Finance Corp. priced leveraged buffered S&P 500® index-linked notes due October 14, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and links payoff to the S&P 500 Index performance measured from an initial level of 7,337.11 set on May 7, 2026. If the final index level exceeds the initial level, holders receive the face amount plus 150% upside participation of index return up to a $1,168.50 cap per $1,000. If the final level is between the initial level and an 80% buffer level, holders receive the face amount. If the final level is below the 80% buffer, losses occur at a 125% buffer rate, potentially resulting in loss of principal. Notes pay no interest and are subject to issuer and guarantor credit risk, limited liquidity, tax uncertainty, and other structural risks described herein.

GS Finance Corp. is offering $12,000,000 of Contingent Income Buffered Auto-Callable Securities linked to the common stock of Freeport-McMoRan Inc. The securities mature on May 11, 2027 and pay a contingent monthly coupon only when the underlying stock closes at or above the buffer price of $46.144 (which is 80.00% of the initial share price of $57.68 set on May 5, 2026).

If the stock closes on any call observation date at or above the initial share price, the securities will be automatically called and investors receive principal plus the then-due coupon. If not called, and the final share price is below the buffer, investors suffer a downside of 1.25% of principal per 1.00% decline beyond the buffer. Investors do not participate in upside beyond principal.

GS Finance Corp. offers autocallable, S&P 500® index-linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called beginning May 24, 2027 if the S&P 500 closing level on a call observation date is >= the initial index level, and mature expected May 20, 2030.

If not called, maturity payment depends on index return from the trade date (initial level set on the trade date expected May 15, 2026). If the final index level is >= 70% of the initial level you receive $1,330 per $1,000; if below 70%, you receive $1,000 plus $1,000 times the index return, which can result in total loss of principal.

GS Finance Corp. priced S&P 500®-linked notes with a $1,000,000 aggregate face amount. The notes pay no interest, include an automatic call on the call observation date that would deliver $1,079 per $1,000 if triggered, and mature on May 10, 2029 (determination date May 7, 2029). If not called, the maturity payout depends on S&P 500 performance: an upside participation rate of 150% for positive returns, a full return of principal if the final level is at or above the buffer level of 70% of the initial level, and a downside payoff formula that can reduce principal substantially (examples show as low as 30% of face value). The notes are senior debt of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk and are not FDIC insured. Trade date is May 6, 2026 and original issue date is May 11, 2026.

GS Finance Corp. is offering autocallable S&P 500® Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index, carry no interest, and feature a 125% upside participation rate and a 10% buffer (90% buffer level). If the closing level on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay at least $1,098 per $1,000 face amount on the call payment date. If not called, repayment at maturity depends on the final index level: upside payoff if above the initial level, full return if at/above the buffer level, or a loss that can be substantial if below the buffer. Trade date is May 21, 2026, original issue date May 27, 2026, determination date May 22, 2028, and stated maturity May 25, 2028. The notes include an underwriting discount of 1.75% (net proceeds 98.25%) and are subject to issuer and guarantor credit risk and model‑based valuation that may be below the issue price.

GS Finance Corp. offers structured, principal-at-risk notes linked to the VanEck Gold Miners ETF (GDX) and the State Street SPDR S&P Metals & Mining ETF (XME). The notes have an expected trade date of May 22, 2026, an expected original issue date of May 28, 2026, and an expected stated maturity date of April 30, 2029. Coupons may be paid monthly only if both ETFs close at or above 50% of their initial levels on an observation date; automatic redemption occurs on a call observation date if both ETFs are at least 90% of initial levels. At maturity the cash payment is determined by the lesser performing ETF vs. its initial level, with an 85% buffer level (15% buffer amount) determining partial protection; if any ETF falls below 50% of its initial level, you receive less than face and no coupon. The estimated value at pricing is between $925 and $965 per $1,000 face amount; payments remain subject to the issuer and guarantor credit risk.

GS Finance Corp. is offering Market Linked Notes—Auto-Callable with Contingent Coupon with Memory Feature due May 28, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have an original offering price of $1,000 per note, a pricing date of May 22, 2026 and a stated maturity of May 28, 2031. The estimated value at pricing is expected to be between $885 and $915 per $1,000 face amount.

The notes pay a monthly contingent coupon of at least $7.00 per $1,000 (approximately 8.40% per annum) only if the lowest performing underlying stock on the monthly calculation day is at or above its coupon threshold (75% of its starting price). The notes are auto-callable if the lowest performing underlying stock is at or above its starting price on any call date (May 2027–April 2031). If not called, maturity pays the face amount only. Underwriting discount is up to $33.25 per $1,000 (proceeds to issuer $966.75 per note).

GS Finance Corp. priced $400,000 of autocallable index‑linked notes due May 10, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on May 13, 2027 if both underliers are ≥90% of their initial levels, and would then pay $1,120 per $1,000 face amount. If not called, the maturity payout depends on the lesser performing underlier (Nasdaq‑100 and S&P 500), with an 150% upside participation and a 70% trigger buffer; losses occur if the lesser underlier falls below the buffer, including potential total loss of principal.

The trade date was May 6, 2026, original issue date May 11, 2026, estimated value at pricing approximately $981 per $1,000 face amount, and an underwriting discount of 0.5%.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to an equally weighted basket of six common/ordinary shares. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer level of 85% and an expected stated maturity of May 11, 2028. The notes are callable if the closing basket level on the call observation date (expected May 20, 2027) is at least 100, producing a capped call payment of $1,272.50 per $1,000. If not called, maturity payments depend on the basket return measured from the initial basket level to the final basket level (determination date expected May 8, 2028). The prospectus discloses an estimated initial model value of $900–$930 per $1,000 face amount and highlights credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The issuer, GS Finance Corp., is offering structured, non-interest-bearing notes linked to the VanEck Semiconductor ETF (SMH) with automatic-call features and a capped upside. The notes mature on May 9, 2030 unless automatically redeemed on specified call observation dates beginning May 2027. If not called, final payment depends on the ETF return from the trade date May 6, 2026 to the determination date May 6, 2030. The initial ETF level is $549.76; the maturity cash payoff is capped at $1,660 per $1,000 face when the final level is greater than or equal to the initial level, returns the face amount if the final level declines by up to 40%, and otherwise results in a pro rata loss potentially down to 0% of face. The estimated model value at pricing was about $941 per $1,000 face; original issue price is 100% and underwriting discount is 2% plus up to 0.65% structuring fee. Payments are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $1,000-face autocallable index-linked notes due May 19, 2031, guaranteed by The Goldman Sachs Group, Inc. Payments depend on the lesser performing underlier of the S&P 500 (SPX) and the EURO STOXX 50 (SX5E). The notes have a 70% trigger buffer, no periodic interest, an original issue price equal to face amount, and capped upside (maturity premium at least 53.75%). Purchasers may lose up to their entire investment if the lesser performing underlier falls below the trigger buffer.

GS Finance Corp. offers Autocallable Contingent Coupon Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation and Tesla, Inc., pay contingent monthly coupons tied to 70% coupon triggers, and feature an automatic call if both underliers meet or exceed their initial levels on a call observation date. At maturity the cash settlement depends on the lesser performing underlier versus a 60% trigger buffer; investors can lose the entire investment if the lesser performing underlier falls below its trigger buffer. Trade date is May 13, 2026, original issue date May 18, 2026, and stated maturity May 22, 2028.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due June 24, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Meta Platforms, Inc. and pay a contingent monthly coupon and an automatic early‑call feature; investors could lose their entire investment.

The notes pay a monthly coupon of $9.959 per $1,000 (0.9959% monthly, approximately 11.95% per annum) only if the underlier meets a coupon trigger of 69% of the initial level on each observation date. If not automatically called, the cash settlement at maturity is based on the final underlier level versus a 69% trigger buffer; a final underlier below that buffer can produce substantial principal loss.

GS Finance Corp. is offering principal-protected-conditional notes linked to an equally weighted 8-stock basket; payment at maturity depends on the basket return from the trade date (expected May 21, 2026) to the determination date (expected May 22, 2028) with a stated maturity expected May 25, 2028. Each $1,000 face amount pays: (1) $1,000 plus 150% of the basket return (subject to a $1,450 cap) if the final basket level exceeds the initial level; (2) $1,000 if the final basket level declines up to 10%; or (3) $1,000 plus $1,000×(basket return + 10%) if the final basket level declines by more than 10%, which can produce losses. The notes do not bear interest, are unsecured obligations of GS Finance Corp. with a guarantee by The Goldman Sachs Group, Inc., and have an estimated value on the trade date of $925–$955 per $1,000 face amount.

The Goldman Sachs Group, Inc. priced a $70,000,000 issuance of Fixed and Floating Rate Notes due May 8, 2028. Each note has a $1,000 principal amount and was issued at 100% of principal with an underwriting discount of 0.146% and net proceeds of 99.854% of principal.

Interest is fixed at 4.30% per annum from May 8, 2026 to but excluding November 8, 2026, then switches to compounded SOFR plus 0.80% (floored at 0.00%) for the floating rate period through maturity. Goldman Sachs & Co. LLC is the calculation agent and may make binding benchmark determinations; the notes are unsecured, not FDIC-insured, will not be listed, and have no redemption rights.

GS Finance Corp. offers principal-at-risk notes linked to the Class A common stock of Toast, Inc. The notes pay no interest and provide a capped positive payout of $1,392 per $1,000 face amount if the final stock price on the determination date is at least 70% of the initial index stock price of $29.38. If the final stock price is below that threshold, holders receive the face amount reduced pro rata by the index stock return and may lose their entire investment. Trade date is expected on May 8, 2026, original issue date expected May 13, 2026, determination date expected November 8, 2027, and stated maturity expected November 12, 2027. The estimated value at pricing is stated between $925 and $955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers callable, monthly‑coupon notes linked to the common stocks of Oracle, NVIDIA, Amazon and Apple. The notes mature on May 13, 2031 and may be automatically called on specified observation dates commencing in May 2027. Coupons per $1,000 face amount are $7.125 (maximum) if each index stock is at or above 75% of its initial price on an observation date, or $0.209 (minimum) otherwise. The original issue price is 100% of face amount; underwriting discount is 3.75% and net proceeds to issuer are 96.25%. The calculation agent is Goldman Sachs & Co. LLC, which has discretion over price determinations and anti‑dilution adjustments. The estimated value at pricing was approximately $950 per $1,000 face amount. The notes are unsecured and subject to issuer and guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. is offering principal-at-risk, non‑interest notes linked to two ETFs (VanEck Gold Miners ETF and Global X Copper Miners ETF) with an upside participation rate of 150% and an 80% buffer. The notes may be automatically called on the call observation date, in which case each $1,000 face amount would pay $1,332. If not called, the maturity payout depends on the lesser performing underlier on the determination date and can result in substantial principal loss if that underlier falls below 80% of its initial level. Trade and issue dates are expected to be May 15, 2026 and May 20, 2026, with a stated maturity expected to be May 22, 2029. The estimated value at pricing is expected between $925 and $955 per $1,000 face amount; investors bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.