Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering autocallable buffered notes linked to the iShares^® Semiconductor ETF (ticker SOXX), guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount reference per note, an upside participation rate of 125% and an automatic call feature that, if triggered on the call observation date, pays $1,274 per $1,000 face amount on the call payment date. The initial underlier level is set at $492.36 (closing level on May 7, 2026). If not called, maturity payment on the stated maturity date depends on the ETF performance from May 7, 2026 to the determination date (expected May 8, 2028) with a 15% buffer (buffer level = 85% of the initial level) and a buffer rate of approximately 117.65%. The notes do not bear interest, are unsecured obligations of GS Finance Corp., and are subject to issuer and guarantor credit risk. The estimated model value at pricing is $900–$930 per $1,000 face, below the original issue price.

GS Finance Corp. is offering autocallable contingent‑coupon underlier‑linked notes due January 12, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10 per $1,000 (1% monthly) only if each underlier meets its coupon trigger (82.5% of its initial level) on a coupon observation date and will be automatically called if, on any call observation date, each underlier’s closing level is greater than or equal to its initial level. The notes reference three underliers: the Russell 2000 Index, the S&P 500 Index and the State Street® Utilities Select Sector SPDR® ETF (XLU). A buffer amount of 17.5% and a buffer rate (~121.21%) apply to maturity cash settlement: if not called, the cash settlement at maturity is determined solely by the lesser performing underlier and could result in a loss of up to your entire investment. Trade date is May 8, 2026 and original issue date is May 13, 2026.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide cash settlement at maturity tied to the S&P 500® Futures Excess Return Index performance from the trade date to the determination date, with an upside participation rate of 137.1%, a buffer level of 80% (buffer amount 20%) and a buffer rate of 100%. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 29, 2029 and stated maturity date June 1, 2029. If the final underlier level is below the buffer level, losses apply on a leveraged downside formula and could result in a substantial loss of principal.

GS Finance Corp. offers $12,000,000 of Trigger Autocallable Contingent Yield Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of JPMorgan Chase & Co. and pay a quarterly contingent coupon of $0.225 per $10 face amount (up to 9.00% per annum) only if the underlying stock closes at or above a coupon barrier equal to 68.30% of the initial price. The notes may be automatically called beginning November 2026 if the underlying stock closes at or above the initial price of $314.90 on any call observation date; called notes pay the face amount plus the contingent coupon then due. At maturity, if the final stock price is below the downside threshold (68.30% of $314.90), principal repayment is contingent and investors suffer a loss equal to the index stock return, potentially losing their entire investment. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering $50,000,000 of Callable Fixed Rate Notes due 2027. The notes bear interest at 4.20% per annum from the original issue date May 8, 2026 to but excluding maturity on July 8, 2027, with interest payment dates on November 8, 2026, May 8, 2027 and the stated maturity date. The notes are being sold at an initial price of 100% (total principal $50,000,000), with underwriting discount of 0.02% ($10,000) and net proceeds to the issuer of $49,990,000. The issuer may redeem the notes in whole, but not in part, on specified redemption dates with at least five business days’ notice. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. issues contingent coupon notes backed by Goldman Sachs with payoffs linked to Salesforce, NVIDIA and Snowflake common stock performance. The notes have a face amount of $1,000 per note, an expected trade date of May 8, 2026, an original issue date expected to be May 13, 2026, and a stated maturity date expected to be May 11, 2027. Quarterly coupons of $51.875 per $1,000 (5.1875% quarterly; 20.75% annualized) are payable only if each index stock closes at or above 50% of its initial index stock price on the related coupon observation date. The notes will be automatically called on any call observation date (expected Aug 6, 2026; Nov 6, 2026; Feb 8, 2027; May 6, 2027) if each index stock closes at or above its initial index stock price (initial prices set on May 6, 2026). At maturity, if a trigger event (all final prices below initial prices) occurs and the lesser performing index stock is below 50% of its initial price, holders receive a reduced cash settlement tied to that lesser performing index stock return; otherwise holders receive principal (and final coupon if applicable). The estimated value at terms-setting is between $925 and $955 per $1,000 face amount; issue price exceeds that estimate. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable, principal‑protected‑if‑conditions‑met notes tied to the common stock prices of NVIDIA, Home Depot and Hilton. The notes pay a quarterly coupon of $33.50 per $1,000 (3.35% quarterly, up to 13.4% per annum) if each index stock on an observation date is >= 50% of its initial price. The notes mature on May 11, 2027 unless automatically called on scheduled observation dates beginning August 2026. If a trigger event (all final prices below initial prices) occurs, maturity payment depends on the lesser performing stock return and could be significantly less than principal. The trade date is expected to be May 8, 2026 and the original issue date is expected to be May 13, 2026. Estimated value at pricing is stated as $925–$955 per $1,000.

GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide return at maturity tied to the S&P 500 Index performance from the trade date to the determination date.

Key terms: upside participation rate 200%, maximum settlement amount $1,232.50 per $1,000 face, buffer level 90% (buffer amount 10%), trade date May 21, 2026, original issue date May 27, 2026, determination date May 22, 2028, stated maturity May 25, 2028. If the final underlier level is ≥ buffer level but ≤ trigger for cap, principal may be returned; declines beyond the buffer expose holders to proportional principal loss.

GS Finance Corp. is offering leveraged callable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity an amount tied to the performance of the lesser performing of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Futures Excess Return™ Index. The notes participate at a 250% upside participation rate if both final underlier levels exceed their initial levels; they return $1,000 if final levels remain between 70% and 100% of initial levels; and holders incur losses (potentially the full principal) if the lesser performing underlier falls below 70% of its initial level. The issuer may redeem the notes on monthly call dates beginning May 18, 2027, at specified capped call premium amounts. The estimated value at issuance is between $885 and $925 per $1,000 face amount. Prospective buyers should review the pricing supplement for redemption mechanics, market‑disruption rules, tax treatment, and issuer/guarantor credit risk.

GS Finance Corp. is offering Autocallable Contingent Coupon (with Memory) Barrier Notes linked to the common stock of Super Micro Computer, Inc. The notes have a $10 principal amount per unit, pay quarterly contingent coupons (with memory) between $0.70 and $0.775 per unit (approx. 28.00%–31.00% per annum annualized), are automatically callable if the Observation Value on a Call Observation Date is at or above the Starting Value, and mature in approximately one year if not called. Coupon and Threshold barriers are set at 50% of the Starting Value; Call Value is 100% of the Starting Value. Estimated value at pricing is quoted between $9.25 and $9.55 per $10 principal; public offering price is $10.00 and the underwriting discount is $0.125 per unit. Minimum initial purchase is $100,000. Payments are subject to the credit risk of GS Finance Corp. and its guarantor, The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Auto-Callable Trigger PLUS notes linked to the S&P 500® Index due May 13, 2031. The notes pay at least $1,110.00 per $1,000 if automatically called on the call observation date and otherwise pay a leveraged upside of 140.00% of any positive index return at maturity, subject to a 75.00% downside threshold. Estimated value at pricing is $915 to $975 per $1,000 and the original issue price is 100.00% with a 1.60% underwriting discount. The notes are unsecured obligations, expose holders to issuer and guarantor credit risk, and can result in the loss of a significant portion or all of principal if the final index value is below the downside threshold.

GS Finance Corp. is offering $1,000-face-amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with trade date May 14, 2026 and stated maturity May 19, 2033. The notes pay no interest, participate at an upside participation rate of 100%, are subject to annual automatic calls if the index meets rising call levels, and provide cash settlement at maturity that will be at least the face amount if the index is flat or negative. GS&Co. estimates the notes’ value on the trade date at $850 to $880 per $1,000 face amount. The index uses daily rebalancing, a 5% realized volatility control and a momentum risk control feature, and is subject to a 0.65% per annum deduction; allocations to cash positions may be large, which can significantly limit upside.

GS Finance Corp. is offering autocallable contingent coupon underlier-linked notes due May 18, 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a contingent monthly coupon of $10.125 per $1,000 (1.0125% monthly; potential up to 12.15% annually) when all three underliers meet their 80% coupon triggers on observation dates. Notes are automatically called if each underlier equals or exceeds its initial level on any call observation date. At maturity, if not called, the cash settlement is based solely on the lesser performing underlier versus an 80% buffer, producing full principal if that underlier is ≥80% of its initial level or a reduced cash payment if below. The structure exposes investors to issuer and guarantor credit risk, limited upside (cap at 100% of face), possible complete loss of coupons, limited liquidity, tax complexity, and ETF/index tracking differences.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stock of Iron Mountain Incorporated. The notes (CUSIP 40054RAY7) have an expected trade date of May 15, 2026, an expected original issue date of May 20, 2026, and a stated maturity expected to be June 18, 2027. Monthly coupons of $10.334 per $1,000 face amount are payable only when the index stock closing price on a coupon observation date is at least 70% of the initial index stock price; the coupon equals 1.0334% monthly (approximately 12.4% annualized). The notes are automatically called if an observation-date closing price is at least the initial index stock price. At maturity, if the final index stock price is below the 70% trigger buffer, principal is reduced pro rata by the index stock return and no coupon is paid. The estimated value at pricing is between $925 and $955 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited anti-dilution protections; GS&Co. is the calculation agent.

GS Finance Corp. is offering leveraged S&P 500® index-linked notes due 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 (SPX Index) and provide 200% upside participation capped by a maximum settlement amount of at least $1,115 per $1,000 face amount. The notes include a trigger buffer of 85% (15% buffer amount): if the final underlier level is at or above 85% of the initial level you receive the face amount at maturity; if below 85% you incur losses pro rata and could lose your entire investment. Key dates shown: trade date May 29, 2026, original issue date June 3, 2026, determination date June 29, 2027, and stated maturity date July 2, 2027. The original issue price is 100% of face amount, underwriting discount 2%, and net proceeds to issuer 98% of face amount. These notes do not bear interest and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers $11,608,000 aggregate Autocallable Index-Linked Notes due May 6, 2031, guaranteed by The Goldman Sachs Group, Inc. These non‑interest bearing notes pay early, fixed call amounts if on any call observation date each of the S&P 500®, Dow Jones Industrial Average® and Russell 2000® closes at or above 92% of its initial level. If not called, the cash settlement at maturity is driven by the lesser performing index relative to its initial level, subject to a trigger buffer at 55% and a capped maturity premium of 50.004% of face. Trade date is May 5, 2026, original issue date May 8, 2026, and the pricing models estimate the notes’ value at approximately $991 per $1,000 face amount on the trade date.

GS Finance Corp. offers Buffered Nasdaq-100 Index®-Linked Notes due August 10, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their cash payment at maturity depends on the Nasdaq-100 performance from an initial level of 28,015.06 (trade date May 5, 2026) to the determination date of August 7, 2028. If the index is flat or up, each $1,000 face amount returns $1,000. If the index falls but remains ≥60% of the initial level, investors receive a leveraged positive payout equal to a 221% participation rate times the absolute decline. If the index falls below 60% of the initial level, the investor suffers losses equal to the index return plus a 40% buffer. The estimated value at pricing was approximately $976 per $1,000 face amount; original issue price was 100% with a 1.05% underwriting discount. The notes are unsecured obligations subject to issuer and guarantor credit risk and may have limited liquidity.

GS Finance Corp. offers structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay monthly coupons tied to the closing prices of Palantir, Meta and Tesla, mature expected June 3, 2031, and include an automatic call feature beginning in May 2027.

Coupons per $1,000 face amount are the maximum $5.084 or the minimum $0.834 monthly, determined by whether each index stock meets an 80% coupon trigger (90% call trigger). The estimated value at pricing is between $885 and $935 per $1,000 face amount; market and credit risks, calculation agent discretion and limited anti-dilution protection are disclosed.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) priced Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the common stock of Advanced Micro Devices, Inc., maturing May 10, 2029. Each security has a $1,000 face amount and an original offering price of $1,000. The securities pay a quarterly contingent coupon of $55.25 per $1,000 (22.10% per annum) only if the stock closing price on a calculation day is at or above the coupon threshold (60% of the starting price). The securities will be automatically called if on any call date the stock closing price is at or above 90% of the starting price; if called investors receive the face amount plus a final contingent coupon. If not called, principal at maturity depends on the ending price versus the downside threshold (60% of the starting price); if the ending price is below that threshold investors can lose more than 40% and possibly all principal. The estimated value at pricing was approximately $958 per $1,000 face amount. Total initial face amount shown: $3,244,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable principal-protected notes linked to the common stock of Iron Mountain Incorporated ("index stock"). The notes mature June 18, 2027 unless automatically called on observation dates from November 2026 through May 2027. Coupons of $12.375 per $1,000 apply on a coupon payment date only if the index stock closing price on the related coupon observation date is >= 70% of the initial index stock price; otherwise the coupon is $0. At maturity, if the final index stock price is >= 70% of the initial index stock price, holders receive $1,000 plus any final coupon; if the final index stock price is < 70%, the cash settlement equals $1,000 plus the index stock return times $1,000, which can result in receiving less than 70% of face amount. The estimated value at pricing is between $925 and $955 per $1,000 face amount. The calculation agent is Goldman Sachs & Co. LLC; it has discretion over pricing adjustments, observation postponements and anti-dilution calculations.

GS Finance Corp. is offering medium-term, equity index linked notes — Market Linked Securities—Upside Participation to a Cap and Fixed Percentage Buffered Downside Principal at Risk Securities — linked to an unequally weighted basket (75% S&P 500®, 25% MSCI EAFE) with pricing date May 15, 2026 and stated maturity date May 20, 2030. Each security has a face amount of $1,000, an estimated value at pricing between $900 and $930 per $1,000 face amount, and an upside participation rate of 100% subject to a maximum return of at least 44.85% (at least $448.50), producing a maximum maturity payment of at least $1,448.50. The securities provide a 25% buffer on downside: decreases up to 25% result in return of face amount, while decreases beyond the buffer produce 1-to-1 losses (investors may lose up to 75% of face amount). Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk. The original offering price is $1,000 per security and the underwriting discount is up to $33.25 per $1,000.

GS Finance Corp. offers indexed notes linked to the S&P 500® Index with a stated maturity of April 5, 2032. The notes pay no interest and return a cash settlement per $10 face amount determined by the arithmetic average initial index level (averaging period May 4, 2026–Aug 3, 2026) and the final index level (averaging period Jan 2, 2032–Mar 31, 2032). Key terms: contingent payment $13.906, upper upside gearing 0.52, lower upside gearing 2.17, buffer 15.00, downside threshold 85.00, cap level 152.00, maximum settlement amount $16.454 per $10 face amount. Original issue price was 100.00% of face; estimated value at pricing approximately $9.94 per $10 face amount. Payments are subject to the issuer's and guarantor's credit risk; GS&Co. is calculation agent. The offering lists an aggregate face amount of $2,000,000 for the initially offered notes.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is issuing capped, non‑interest bearing structured notes linked to an equally weighted basket of 15 listed equities. For each $1,000 face amount, payment at maturity (stated maturity June 10, 2027) depends on the basket return measured from the trade date (May 5, 2026) to the determination date (June 7, 2027). Positive basket returns pay 300% participation up to a maximum settlement of $1,260 per $1,000 (cap ≈ 108.667%). A final basket decline greater than 25% (trigger buffer 75%) produces a pro rata loss of principal; investors could lose their entire investment. The notes' estimated value on the trade date was approximately $978 per $1,000 face amount and the offering shows an aggregate original face amount of $3,933,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering note securities linked to the Nasdaq-100 Index that pay at maturity based on index performance from May 4, 2026 to June 7, 2027. The notes pay no interest and have a 10% buffer such that modest declines up to 10% produce a positive cash payment equal to the absolute underlier return, while declines beyond the buffer produce leveraged losses (approximately 1.1111% loss per 1.00% decline past the buffer). The payment for each $1,000 face amount is capped at a $1,179.90 maximum upside. The notes have an original issue price equal to face amount, an underwriting discount of 1.042%, and stated maturity on June 10, 2027.

The Goldman Sachs Group, Inc. offers Callable Fixed Rate Notes due 2029 that pay interest at 4.525% per annum, with an expected original issue date of May 22, 2026 and an expected stated maturity date of May 7, 2029. Interest is payable annually on May 22 and at maturity, with the first payment expected on May 22, 2027. The issuer may redeem the notes in whole, not in part, on expected quarterly redemption dates beginning on or after May 22, 2027, with at least five business days’ notice, at a redemption price equal to 100% of principal plus accrued interest.

This pricing supplement supplements the accompanying prospectus and prospectus supplement and reflects book-entry issuance through DTC. The notes are new, with no established trading market; market-making by underwriters is discretionary. U.S. federal tax rules discussed include ordinary interest treatment and potential FATCA withholding.

GS Finance Corp. is offering Autocallable Contingent Coupon (with Memory) Barrier Notes linked to an ordinary share of FTAI Aviation Ltd., due May , 2027. Each unit has a $10 principal amount and pays a quarterly contingent coupon per unit set between $0.50 and $0.55 (equal to a contingent rate of 20.00%–22.00% per annum) if the Observation Value is at or above a 55% Coupon Barrier on a Coupon Observation Date. The notes are automatically called if the Observation Value on any Call Observation Date is at or above the 100% Call Value, in which case holders receive principal plus any contingent coupon otherwise due. If not called, at maturity holders receive $10 if the Ending Value is at or above the 55% Threshold Value; if the Ending Value is below that Threshold, holders have 1-to-1 downside exposure and may lose up to 100% of principal. Payments depend on GSFC and Goldman's creditworthiness, the estimated value at pricing is $9.25–$9.55 per $10 unit, and the public offering price is $10. The minimum initial purchase is $100,000. The notes are unsecured, unlisted, and have limited secondary-market liquidity.

GS Finance Corp. is offering market‑linked, auto‑callable securities linked to the Class A common stock of Palantir Technologies Inc., due May 10, 2029. Each security has a face amount of $1,000 and an original offering price of $1,000, with an aggregate face amount shown as $3,485,000 on the cover.

The securities pay a contingent quarterly coupon of $42.50 per $1,000 (equivalent to 17% per annum) only if the underlying stock's closing price on a calculation day is at or above the coupon threshold (60% of the starting price). They are automatically called early if the closing price on any call date (Aug 2026–Feb 2029) is at or above 90% of the starting price; if not called, principal at maturity depends on the final closing price and there is full downside exposure below 60% of the starting price. The estimated model value at pricing was approximately $959 per $1,000. All payments are subject to issuer and guarantor credit risk; there is no exchange listing.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected‑style structured notes tied to the S&P 500® Index with an aggregate face amount of $100,000. The notes pay no interest and settle in cash at maturity on May 10, 2029 based on the index performance measured from an initial level of 7,200.75 set on May 4, 2026. Investors receive the face amount if the final index level is no more than 15% below the initial level (a 15% buffer). Positive returns are paid up to a maximum settlement amount of $1,505.50 per $1,000 face. If the final index level declines by more than the buffer, losses scale 1% for each 1% decline below the buffer, and the investor may lose a substantial portion of principal. The notes are senior unsecured obligations, are not interest‑bearing, and are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium‑term notes linked to the S&P 500® Futures Excess Return Index. The notes have an aggregate face amount of $278,000, an upside participation rate of 245%, a 70% trigger buffer and an initial underlier level of 584.86. If the notes are automatically called on the call observation date, each $1,000 face amount pays $1,170 on the call payment date; if not called, maturity settlement on May 8, 2031 depends on the final underlier level and may result in loss of principal, including the possibility of losing the entire investment if the final level is below the trigger buffer.

The notes pay no interest, are cash‑settled, are subject to issuer and guarantor credit risk, may suffer adverse effects from negative roll yields in futures, and have uncertain U.S. federal income tax treatment as discussed in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly‑coupon, auto‑callable notes tied to the Nasdaq‑100, Russell 2000 and S&P 500. Payments depend on the lesser performing underlier: monthly coupons of $9.25 per $1,000 (0.925% monthly; up to 11.10% per annum) are payable only if each underlier is at or above 70% of its initial level on the observation date. The notes are automatically called if all underliers are at or above their initial levels on any call observation date; otherwise cash at maturity equals $1,000 if the lesser performing underlier is at or above 70% of its initial level, or $1,000 × the lesser performing underlier return if below, meaning investors could lose their entire investment if the lesser performing index falls to 0%.

The pricing supplement lists an aggregate face amount of $11,430,000, original issue price at 100% of face, underwriting discount 0.55%, net proceeds 99.45%, trade date May 5, 2026, original issue date May 8, 2026, and stated maturity May 10, 2028. The notes are senior unsecured obligations under the GSFC 2008 indenture and are cash‑settled; purchasers have no rights to underlying stocks.

GS Finance Corp. offers principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc., maturing May 10, 2029. The cash payment at maturity is linked to the S&P 500® Futures Excess Return Index. The notes pay no interest, have an upside participation rate of 130% and a buffer level at 80% (buffer amount 20%), so positive returns occur if the final underlier level is at or above the initial level and limited positive returns occur for declines up to 20% of the initial underlier level. If the final underlier level is below the buffer level, investors suffer a pro rata loss on face amount; significant principal loss is possible.

The offering lists an aggregate face amount of $1,024,000, original issue price 100% of face, underwriting discount 0.75% and net proceeds 99.25% of face. Trade date is May 5, 2026, original issue date May 8, 2026, determination date May 7, 2029, and stated maturity date May 10, 2029. The notes are cash-settled, subject to calculation agent adjustments, market disruption provisions and issuer/guarantor credit risk.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to an equally weighted basket of 15 stocks. The notes mature on June 10, 2027 (trade date May 5, 2026, determination date June 7, 2027). Investors receive, per $1,000 face amount, either (a) $1,000 plus 300% times the basket return subject to a $1,227.5 maximum settlement, (b) $1,000 if the final basket level declines by no more than 25%, or (c) $1,000 plus the basket return (which can result in total loss) if the final basket level declines by more than 25%. The initial estimated value is approximately $965 per $1,000 face amount. The aggregate original face amount offered on the issue date is $2,555,000. Underwriting discount is 1.25% plus a structuring fee up to 0.45%. These notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and guarantor credit risk.

GS Finance Corp. is offering principal-protected-like notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with an expected trade date of May 15, 2026, original issue date expected May 20, 2026 and a stated maturity date expected May 22, 2031. The notes pay no interest and may be automatically called beginning on call observation dates commencing November 16, 2026; each automatic call pays the $1,000 face amount plus a specified call premium (first call premium 15%). If not called, maturity payouts depend on the index performance: the maximum settlement is $2,500 per $1,000 face amount; a final underlier decline up to 40% returns principal; declines beyond the trigger buffer (60% of initial underlier level) produce proportional losses, potentially up to a total loss. The underlier applies a daily decrement of 6.0% per annum and may use up to 500% leverage subject to a 100% cap on daily leverage change. The estimated value at pricing is between $885 and $925 per $1,000 face amount; the original issue price is 100% of face amount. Payments are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering S&P 500®-linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement covers an aggregate face amount of $481,000 of notes with a trade date of May 5, 2026, original issue date May 8, 2026 and a stated maturity date of February 8, 2029. Each $1,000 face amount will pay no periodic interest; at maturity you will receive either the face amount or, if the final S&P 500 level exceeds the initial level, the face amount plus the underlier return subject to a maximum settlement amount of $1,187. The notes are issued at 100% of face, carry an underwriting discount of 2%, and are unsecured senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers $237,000 aggregate face amount of autocallable, non‑interest‑bearing notes linked to the Russell 2000® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes may be automatically called on May 12, 2027 for a fixed payment of $1,180 per $1,000 face amount; otherwise they mature on May 8, 2031 and pay an amount based on the underlier return measured from the trade date (May 5, 2026) to the determination date (May 5, 2031). The initial underlier level is 382.63, the upside participation rate is 305%, and the trigger buffer level is 70% of the initial level. The estimated value on the trade date is approximately $971 per $1,000 face amount and the original issue price is 100% of face amount. The notes are unsecured obligations of GS Finance Corp. and bear credit risk of the issuer and guarantor.

GS Finance Corp. is offering leveraged MSCI EAFE Index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the MSCI EAFE Index performance from May 7, 2026 to May 7, 2031. Investors receive, per $1,000 face amount, either $1,000 + ($1,000 × the upside participation rate × the underlier return) if the final index level exceeds the initial level, or $1,000 + ($1,000 × the underlier return) if it does not; the upside participation rate is 142.6%. The notes may lose value, including the entire investment, if the final underlier level declines. The offering price is 100% of face amount with a 3% underwriting discount and net proceeds of 97% of face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due May 19, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference Class A common stock of Palantir Technologies Inc. (PLTR UW) and pay a contingent quarterly coupon of $50.25 per $1,000 if observation levels meet the 60% coupon trigger. The notes will be automatically called if the underlier closes at or above the initial level on a call observation date. At stated maturity the cash settlement per $1,000 face depends on the final underlier return and is capped at $1,000; a final underlier level below 60% can produce losses down to 0% of face amount.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the S&P 500® Index with an aggregate face amount of $2,318,000. Each $1,000 note pays at maturity an amount tied to the index performance from the trade date to the determination date, subject to a 20% buffer and a capped upside. If the final index level is at or above the initial level, the payment equals the index return up to a $1,195 cap per $1,000. If the index falls but not more than the buffer (80% of initial), the holder receives the absolute value of the index decline added to principal. If the index falls below the buffer, losses are linear below the buffer and investors can lose a substantial portion of principal. Notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., do not bear interest, and will be cash‑settled on the stated maturity date.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash‑settled notes linked to the Dow Jones Industrial Average and the S&P 500. The offering covers an aggregate face amount of $378,000 in notes with a per‑note face amount of $1,000. The notes mature on May 12, 2031 (determination date May 5, 2031) and may be automatically called on May 5, 2027 if each underlier’s closing level is at or above its initial level.

They pay no interest. If automatically called, investors receive $1,092 per $1,000 face amount. If not called, the cash settlement at maturity depends solely on the lesser performing underlier, with a 120% upside participation rate on positive outcomes and a downside calculation that uses an 85% buffer level (buffer amount 15%) and a buffer rate of 100%, meaning substantial losses are possible. The notes are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-protected, automatically callable notes linked to three State Street sector ETFs: XLF, XLI and XLE. The notes trade on a May 15, 2026 trade date with an expected original issue date of May 20, 2026 and a stated maturity expected to be May 18, 2029. They may be automatically called beginning on May 24, 2027 if each ETF’s closing level on a call observation date is at or above its initial level; applicable call premiums range from 20.25% (first call) up to 59.0625% (prior to maturity). At maturity, if not called, payoffs depend on the lesser performing ETF: full principal plus a 60.75% maturity premium if all final levels are at or above initial levels; full principal if all final levels are ≥70% of initial; otherwise a loss linked to the lesser performing ETF (investors can lose most or all principal). The pricing models estimated the notes’ value on the trade date at $925–$955 per $1,000 face amount; the original issue price is 100% of face. The notes are unsecured obligations subject to issuer and guarantor credit risk and complex tax treatment.

GS Finance Corp. priced a primary offering of Market Linked Medium-Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., linked to the lowest performing of the S&P 500® Index, the EURO STOXX 50® Index and the common stock of Microsoft Corporation.

Key terms set on the pricing date May 15, 2026 include a face amount of $1,000 per security, an original offering price of $1,000, an estimated value of $925–$955 per $1,000 at pricing, an upside participation rate of 150.00%, an automatic call feature with a call premium of at least 42.00% (at least $420.00), a call date of May 20, 2027 and a stated maturity date of May 18, 2029. Investors face 1-to-1 downside exposure below a threshold value of 70% of the starting value and may lose up to 100% of the face amount. Proceeds to issuer are shown as $974.25 per security after underwriting discounts up to $25.75.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due May 25, 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, pay a contingent monthly coupon of $9.375 per $1,000 (0.9375% monthly, up to 11.25% per annum) when each underlier is at or above a 75% coupon trigger level, and are automatically called if on any call observation date each underlier is at or above its initial level. If not called, the maturity cash payment is based on the performance of the lesser performing underlier versus its initial level; losses can be up to the full principal (example: a 19% final level would produce an 81% loss). Trade date is May 22, 2026 and original issue date is May 28, 2026. Investors bear issuer and guarantor credit risk, model/secondary-market valuation discounts, limited liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering structured, contingent‑coupon notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $8,178,000. The notes pay a contingent quarterly coupon of $23.825 per $1,000 (2.3825% quarterly, up to 9.53% per annum) only if each underlier meets its 70% coupon trigger on the related observation date. At maturity (May 8, 2031) the cash settlement per $1,000 will be $1,000 if the final level of each underlier is at or above its 55% trigger buffer; otherwise the payment equals $1,000 plus $1,000 multiplied by the lesser performing underlier return, which can result in a total loss of principal. The issuer may redeem the notes, in whole but not in part, on coupon payment dates beginning in May 2027. The underliers are the Dow Jones Industrial Average, Russell 2000 and S&P 500. Trade date is May 5, 2026 and original issue date is May 8, 2026.

GS Finance Corp. offers Trigger Autocallable Contingent Yield Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons only if both the Russell 2000® and S&P 500® closing levels meet their coupon barriers (70% of initial). The notes may be automatically called beginning November 2026 if both indices equal or exceed their initial levels on a call observation date. At maturity the cash repayment is contingent: if the lesser performing index is below 70% of its initial level you can incur a loss equal to that index’s percentage decline; you may lose all of your investment. The estimated value on the trade date is $9.50–$9.80 per $10 face. Original issue price is 100.00% with a 2.25% underwriting discount. All payments are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Market‑Linked Notes linked to the Russell 2000® Index that provide 300% upside participation subject to a capped maximum return and full downside exposure to declines. The securities have a face amount of $1,000, an estimated value at pricing of $925–$955 per $1,000, and an original offering price of $1,000.

If the ending level on the calculation day exceeds the starting level, investors receive $1,000 plus 300% of the index gain up to a maximum return (at least 21.20%, i.e., at least $212); if the ending level is below the starting level, investors suffer full downside and may lose some or all of principal. Stated maturity date is August 2, 2027 (calculation day: July 28, 2027); pricing date is May 28, 2026. All payments are subject to issuer/guarantor credit risk.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes linked to the common stock of ServiceNow, Inc. (ticker NOW). The notes have a trade date of May 15, 2026, an original issue date of May 20, 2026, and a stated maturity of May 18, 2029.

Each $1,000 note pays a contingent quarterly coupon equal to cumulative $47.625 steps when the closing level of the underlier on an observation date is at or above the coupon trigger level of 60%. The notes are automatically called on a call payment date if the underlier closes at or above the initial underlier level on a related call observation date. At maturity, if the notes are not called, cash settlement is $1,000 if the final underlier level is greater than or equal to the trigger buffer level of 60%; if the final underlier level is below 60%, the cash settlement equals $1,000 plus $1,000 times the underlier return, which could result in a total loss of principal. The notes are issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. and are subject to the credit risk of both entities.

GS Finance Corp. is offering autocallable Nasdaq-100 Index®-linked notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date if the underlier closes at or above the initial level; called notes pay $1,110 per $1,000 face amount. If not called, maturity payments depend on the final index level: positive upside participates at 150%; a 15% buffer applies with a 100% buffer rate, and downside outcomes can result in substantial losses (examples show payments as low as 15.000% of face amount). Purchase pricing, fees and estimated value are set on the trade date and the notes are subject to issuer and guarantor credit risk.

GS Finance Corp. offers $10 face amount Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Russell 2000® and the S&P 500®. The notes pay a quarterly contingent coupon only if both indices meet coupon barriers; they may be automatically called beginning November 2026 if both indices equal or exceed their trade-date levels. At maturity (expected May 13, 2031), repayment of principal is contingent: if the lesser performing index is below its 70.00% downside threshold, holders receive a reduced cash settlement and could lose most or all principal. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and their payments depend on issuer and guarantor creditworthiness.

GS Finance Corp. offers $1,000-face Autocallable Contingent Coupon Index‑Linked Notes due May 16, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.875 per $1,000 if each underlier is >= 80% of its initial level on an observation date and are automatically called if each underlier is >= its initial level on any call observation date. At maturity (if not called), the cash settlement per $1,000 depends solely on the lesser performing underlier (Nasdaq‑100, Russell 2000, S&P 500) versus an 80% buffer: full principal is returned if that underlier ends >= 80% of initial; losses can be substantial if it finishes below 80% (example: a 20% final level would yield 40% of face). Trade date is May 11, 2026, original issue date May 14, 2026, determination date May 11, 2028.