Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is offering structured, non‑interest bearing notes due May 5, 2031 that pay at maturity based on the performance of the lesser performing ETF of Invesco QQQ, Series 1 (QQQ) and the VanEck Semiconductor ETF (SMH). The notes feature a 200% upside participation if the lesser performing ETF finishes above its initial level, a 75% buffer level that preserves principal only if the lesser performing ETF finishes at or above 75% of its initial level, and a downside that reduces principal if that ETF finishes below 75% of its initial level.

The issuer may redeem the notes on scheduled monthly call payment dates beginning in May 2027 through May 2028 at fixed call premium amounts listed in the supplement. The trade date is April 30, 2026, original issue date May 5, 2026, and aggregate original face amount was $7,447,000. The estimated value at pricing was approximately $975 per $1,000 face amount, with an underwriting discount of 1%.

The pricing supplement for an Auto-Callable Trigger PLUS issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. offers $7,573,000 aggregate principal (original issue) of unsecured, principal-at-risk notes linked to the S&P 500® Index. Investors may receive a fixed $1,090 call payment if the index is at or above the initial index value on the call observation date; otherwise maturity payments depend on the final index value, with a 125.00% leverage on positive index returns, an initial index value of 7,209.01, and a downside threshold of 80.00% (5,767.208). Estimated value was approximately $955 per $1,000; original issue price was $1,000. The securities expose holders to full issuer and guarantor credit risk and possible loss of principal at maturity.

GS Finance Corp. offers structured, cash-settled notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $2,379,000 aggregate face amount and pays no periodic interest; maturity cash is tied to the performance of the S&P 500® Futures Excess Return Index from April 30, 2026 to the determination date. If the final underlier level exceeds the initial level, holders receive the face amount plus $1,000 × the 131% upside participation rate × the underlier return; if the final level is equal to or below the initial level, holders receive the face amount. The notes were issued at 100% of face with a 1.125% underwriting discount and a net proceeds figure of 98.875% of face. Terms include market disruption provisions, tax treatment as contingent payment debt instruments (comparable yield 4.79% per annum), and risks from roll yields and futures-financing effects on the underlier.

GS Finance Corp. filed Underlier Supplement (ETFs) No. 3 to Registration Statement No. 333-284538, dated May 4, 2026, describing risks and characteristics of notes or warrants the issuer may offer whose payments are linked to specified exchange-traded funds (underliers). The supplement lists 30+ ETFs (including Invesco QQQ (QQQ), Invesco QQQM, iShares EEM, VanEck Gold Miners) and explains that returns are linked to ETF performance, not to ownership of ETF shares, and are subject to issuer and guarantor credit risk and many market, currency, concentration, tracking, liquidity and index‑methodology risks. The supplement explains pricing-model estimated values, potential dealer spreads and limited anti-dilution protections, and notes a recent index change for the VanEck Gold Miners ETF effective September 19, 2025.

GS Finance Corp. offers $4,821,000 of Buffered PLUS notes guaranteed by The Goldman Sachs Group, Inc. The non‑interest bearing notes pay at maturity based on the performance of an equally weighted 10‑stock basket measured from the April 30, 2026 pricing date to the October 29, 2027 valuation date. Investors receive 150% of any positive basket return up to a $1,345 maximum payment per $1,000 note, a 10.00% buffer against losses, and face downside exposure beyond the buffer (down to a $100 minimum per $1,000). The notes are unsecured obligations of GS Finance Corp., subject to issuer and guarantor credit risk, not listed, and carry an estimated value of approximately $934 per $1,000 at pricing.

GS Finance Corp. is offering Market Linked Securities—auto-callable, contingent coupon notes (face amount $1,000 each) linked to the common stock of Super Micro Computer, Inc.. The notes pay a contingent quarterly coupon of $66.125 per $1,000 (26.45% pa) only if the stock meets the coupon threshold (50% of the starting price), are auto-callable if the stock closes at or above the starting price on specified quarterly calculation days, and expose holders to full downside risk if the final stock closing price is below the downside threshold (50% of the starting price). The estimated value at pricing was approximately $953 per $1,000 face amount and the offering shows total face amount of $2,423,000. All payments are subject to issuer and guarantor credit risk; these securities are unsecured, not bank deposits, and not FDIC insured.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to Cloudflare, Inc. Class A common stock. The offering has an aggregate face amount of $1,100,000 on the original issue date, which may be increased at the issuer’s option. The notes mature on June 3, 2027 (determination date: June 1, 2027), pay no interest, and the payment at maturity is based on the percentage change in Cloudflare’s stock from an initial index stock price of $211.97 (trade date: April 29, 2026) to the final index stock price. If the final price is ≥ 80% of the initial price, the cash settlement is capped at $1,373 per $1,000 face amount; if the final price is 80%, losses apply with a 125% buffer rate, exposing investors to material principal loss. The estimated value on the trade date was approximately $988 per $1,000 face amount. Coupon: none; payment: cash only; credit risk: GS Finance Corp. and guarantor.

GS Finance Corp. offers $650,000 face amount of Market Linked Notes—Auto-Callable with Principal Return at Maturity due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, are linked to the lowest performing stock among Alphabet (GOOGL), Tesla (TSLA), Netflix (NFLX) and Oracle (ORCL), and will be automatically called if the lowest performing stock on a call date closes at or above its starting price, in which case investors receive the $1,000 face amount plus a fixed call premium shown for that call date. If not called, the maturity payment equals the $1,000 face amount. The pricing date was April 30, 2026; the original offering price per note is $1,000 and the estimated value at pricing was approximately $928 per $1,000 face amount. Purchasers bear issuer and guarantor credit risk, potential limited liquidity and capped upside equal to the applicable call premium.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering cash-settled, buffer-protected notes linked to the S&P 500 Index. For each $1,000 face amount, investors receive either a capped positive return up to $1,162.50, the $1,000 face amount if the final index level is within a 10% buffer, or a pro rata loss if the index falls more than 10% below the initial level of 7,135.95. The notes pay no interest, carry issuer and guarantor credit risk, an original issue price equal to face amount, and mature on June 4, 2027 (determination date June 1, 2027).

GS Finance Corp. priced $12,412,000 of Enhanced Trigger Jump Securities linked to NIKE, Inc. Class B common stock. The securities pay a fixed upside payment of $223.00 per $1,000 principal (22.30%) at maturity if the final share price on the valuation date is >= the downside threshold price $35.488 (80% of the initial price). If the final share price is below that threshold, holders suffer a 1:1 loss in principal based on the stock's decline; there is no minimum payment. Payments are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) priced $1,218,000 of Trigger Jump Securities—principal-at-risk, auto-callable notes linked to the common stock of Sandisk Corporation ("SNDK"). The notes pay fixed call premiums if automatically called on specified monthly call observation dates; otherwise payment at maturity depends on the final share price versus a 50.00% downside threshold. Initial share price is $1,096.51, downside threshold $548.255, maturity date premium amount 101.60%. Estimated value was approximately $956 per $1,000 principal; original issue price equals principal. Notes are unsecured obligations of GS Finance Corp., guaranteed by Goldman Sachs, and carry issuer/guarantor credit risk. Pricing date: April 30, 2026; original issue date: May 5, 2026; stated maturity date: May 4, 2028.

GS Finance Corp. offers linked, autocallable notes due May 3, 2030. The notes pay no interest and are linked to the lesser performing of the EURO STOXX 50® Index and the State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY). If not called, payoff at maturity depends on the lesser performing underlier: >=90% of initial level yields $1,468 per $1,000 face (maturity premium 46.8%); between 70% and 90% yields $1,000; below 70% delivers $1,000 plus the lesser performing underlier return times $1,000 (possible substantial loss). Notes may be automatically called on specified observation dates beginning April 30, 2027, producing capped call payments (call premiums: 11.7%, 23.4%, 35.1%, 46.8%). Original issue price is 100% with an estimated trade-date model value of approximately $973 per $1,000 face; underwriting discount is 2% (plus up to 0.8% structuring fee), net proceeds 98% of face. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; tax characterization is stated as a prepaid derivative contract.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering structured medium‑term notes linked to the common stock of Blackstone Inc. The notes have a 2‑year term with an initial underlier level of $119.83 (set April 29, 2026) and an aggregate face amount of $1,001,000.

Payoff at maturity depends on the final underlier level on the determination date: investors receive the face amount if the final level is ≥85% of the initial level, a leveraged upside (400% participation) up to a maximum settlement of $1,788.50 per $1,000 face amount if the underlier rises, or a proportional loss if the final level is below 85%.

The offering prices contingent quarterly coupon notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes have a $1,000 face amount, aggregate face amount of $2,038,000, trade date April 30, 2026, original issue date May 5, 2026 and stated maturity May 5, 2031. Coupons equal $19.50 per $1,000 (1.95% quarterly, up to 7.80% per annum) when the underlier closes at or above 70% of the initial level on observation dates. At maturity, cash settlement is either $1,000 or $1,000 × (1 + underlier return), exposing investors to potential full principal loss if the final level is below 70%. The issuer may redeem notes on coupon dates commencing May 2027.

GS Finance Corp. priced principal-protected-style notes linked to the iShares MSCI EAFE ETF ("EFA"). Each $1,000 note pays at maturity based on the underlier return from the trade date to the determination date: positive participation up to a capped payout, an absolute positive return if the underlier declines up to the trigger buffer, or a pro rata loss past the trigger buffer. The notes carry no interest, are senior unsecured obligations of GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc. Key economics: upside participation 200%, maximum cash payoff $1,250 per $1,000, trigger buffer 25% (75% level), trade date April 30, 2026, stated maturity November 2, 2028. The notes are callable for market sales only and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering callable contingent coupon ETF-linked notes due February 5, 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the VanEck Semiconductor ETF (SMH). The aggregate original face amount is $1,216,000 and each note has a $1,000 face denomination.

Coupons of $38.125 per $1,000 (3.8125% quarterly; up to 15.25% per annum) are payable only if the ETF closing level on a coupon observation date is at least 80% of the initial level of $506.72. At maturity holders receive $1,000 if the final ETF level is at least 80% of initial; otherwise repayment is reduced pro rata below face (subject to a 20% buffer). The issuer may redeem notes at 100% plus any coupon on specified coupon dates.

The offered notes are medium-term, equity‑linked, principal‑at‑risk notes issued by GS Finance Corp.The Goldman Sachs Group, Inc.. For each $1,000 face amount at maturity the cash payment depends on the lesser performing underlier among AAPL, AMZN, GOOG and MSFT, with an upside participation rate of 430% and a trigger buffer level of 60% of each underlier's initial level. If every final underlier level is above its initial level, holders receive $1,000 plus upside participation times the lesser performing underlier return. If any underlier finishes below its trigger buffer, the holder loses 1% of face per 1% decline of the lesser performing underlier and could lose the entire investment. Trade date is April 30, 2026, original issue date May 5, 2026, determination date April 30, 2031, and stated maturity May 5, 2031. These notes pay no interest and are subject to issuer/guarantor credit risk, model valuation differences versus issue price, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers structured, non‑interest bearing notes linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $1,000 per note and an aggregate face amount of $56,000. They include an automatic call feature on the call observation date if the underlier closes at or above the initial level, in which case each $1,000 face amount would pay $1,142.50 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: upside participation is 200%; a trigger buffer level of 70% protects principal only down to that level; below the trigger buffer you suffer a loss equal to the underlier return times $1,000. Trade date is April 30, 2026, original issue date May 7, 2026, and stated maturity May 7, 2029. The notes are sold at 100% of face (original issue price) with a 0.75% underwriting discount, yielding net proceeds of 99.25% of face.

The issuer, GS Finance Corp., through a pricing supplement dated April 30, 2026, offers an aggregate $23,623,000 of auto‑callable, principal‑at‑risk notes linked to the S&P 500® Index. The notes pay $1,097 per $1,000 if the index on the call observation date is at or above the initial index value and mature on May 3, 2028 if not called. At maturity, unpaid amounts depend on index performance: investors receive the stated principal plus a leveraged upside (125.00% leverage) if the final index value is above the initial index value, full principal if the final index value is at or above the 80.00% downside threshold, or a pro rata loss tied 1:1 to index decline if below that threshold.

GS Finance Corp. is offering structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). The offering has an aggregate face amount of $1,539,000 in $1,000 face amount notes, issued May 5, 2026, with a stated maturity of May 9, 2033 (determination date May 2, 2033). The notes pay no periodic interest; redemption at maturity is cash-settled and depends on index performance, with an upside participation rate of 100%. Notes are subject to an automatic call if the index closing level on a call observation date is ≥ the call level (call level = 101% of the initial index level), with graded call premiums shown for each annual call. GS&Co.’s estimated value on the trade date was $900 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.375% and net proceeds of 95.625%. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., to the index’s complex daily rebalancing, volatility and momentum-control features, and to the possibility of receiving only the face amount at maturity if the index return is zero or negative.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium-term, cash-settled notes linked to the EURO STOXX 50® Index maturing May 5, 2031. For each $1,000 face amount, if the final index level on the determination date is above the initial level (5,881.51), the holder receives $1,000 plus the upside participation rate of 127.5% times the index return; otherwise the holder receives the face amount. The notes do not bear interest. The original issue price is 100% of face amount, underwriting discount is 1.125%, and net proceeds to the issuer are 98.875% of face amount. The issuer has determined a comparable yield of 4.79% per annum, with a projected payment at maturity of $1,271.32 per $1,000 for tax‑accrual purposes.

The pricing supplement describes medium-term, non-interest-bearing notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. For each $1,000 face amount, you receive either $1,000 or $1,000 plus the index return at maturity, capped at a $1,145 maximum settlement amount. Trade date is April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028, and stated maturity May 4, 2028. The aggregate face amount is $3,850,000, original issue price is 100% and underwriting discount is 0.5%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, index-linked notes tied to the Goldman Sachs Momentum Builder® Focus ER Index. The $5,570,000 aggregate issue pays no periodic interest, may be automatically called on annual observation dates and returns at maturity depend on index performance and a 100% upside participation rate.

The index applies daily rebalancing, a 5% realized volatility control, a momentum risk control and a 0.65% per annum deduction; allocations to hypothetical cash positions can be substantial and the notes carry issuer/guarantor credit risk.

GS Finance Corp. is offering structured medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes are cash-settled, non‑interest bearing, autocallable and linked to the Russell 2000® and S&P 500®. They carry an upside participation rate of 200% and a 15% buffer (buffer level = 85% of each initial underlier level). If the closing level of each underlier on the call observation date meets or exceeds its initial level, the notes will be automatically called and pay $1,138 per $1,000 face amount on the call payment date. If not called, the cash settlement at maturity is driven solely by the performance of the lesser performing underlier and can produce large losses; a stated example shows a final level of 21.000% of initial would yield a cash settlement equal to 36.000% of face amount (a 64.000% loss for a holder who paid face amount). The notes are senior unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor. Terms key dates: trade date April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028, maturity May 8, 2028. Purchasers should review pricing, liquidity, tax treatment and the stated risk factors.

GS Finance Corp. offers callable, buffered, monthly Russell 2000®-linked range accrual notes, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays monthly interest determined by the fraction of scheduled trading days the Russell 2000® closes at or above 85% of the initial level, multiplied by an interest factor of 7.85% per annum. Interest payments commence expected June 26, 2026 and the stated maturity is expected May 26, 2031. The notes are callable at par on any monthly interest payment date on or after May 26, 2027. At maturity holders receive par if the final index level is ≥85% of the initial level; otherwise the cash settlement declines linearly below par and can result in a substantial loss. The estimated value at pricing is between $886 and $936 per $1,000 face amount.

GS Finance Corp. is offering structured notes linked to NVIDIA Corporation common stock, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon when the underlier closes at or above 60% of the initial level on observation dates and include an automatic call if the underlier closes at or above the initial level on any call observation date. At maturity, if not called, cash settlement per $1,000 face depends on the final underlier return; losses can equal the full principal if the final underlier level is below the 60% trigger buffer. Issue terms: trade date April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028, stated maturity May 8, 2028.

GS Finance Corp. is offering structured notes tied to the common stock of NVIDIA Corporation with an aggregate face amount of $3,394,000. The notes pay a contingent monthly coupon of $11.167 per $1,000 if the underlier closes at or above a 60% trigger on each observation date. The notes include an automatic call if the underlier closes at or above the initial level on any call observation date; if called, holders receive $1,000 plus any accrued coupon. If not called, the cash settlement at maturity depends on the final underlier level: holders receive $1,000 if the final level is at or above a 60% buffer, but will suffer a proportional loss down to 0% of principal if the final level declines below that buffer. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market risks, including possible loss of the entire investment.

GS Finance Corp. priced contingent income buffered auto-callable securities linked to Freeport-McMoRan Inc. (Bloomberg: FCX UN) with an expected original issue date of May 7, 2026 and stated maturity of May 7, 2027. For each $1,000 principal, investors may receive a contingent monthly coupon only if the underlying closes at or above a buffer price equal to 70.00% of the initial share price ($56.55). The securities are automatically called if the underlying closes at or above the initial share price on any call observation date; if not called, downside exposure applies at maturity with a downside factor of ~1.4286, meaning losses beyond the 30% buffer reduce principal roughly 1.4286% per 1% decline. Estimated value per $1,000 is in the range $935–$995. Payments are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

The offered notes are market-linked, non‑interest‑bearing senior notes issued by GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. Payments at maturity depend on the S&P 500® Index performance from the trade date to the determination date, with a 10% buffer, 200% upside participation (capped by a $1,237.50 maximum settlement amount per $1,000 face), and principal loss if the final index level falls more than the buffer. The notes have a trade date of April 30, 2026, original issue date of May 5, 2026, determination date of May 1, 2028 and stated maturity of May 4, 2028. The offering aggregates $1,808,000 of face amount and is sold at 100% of face with a 1% underwriting discount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Amazon.com, Inc. The notes pay contingent quarterly coupons if the underlier closes at or above a 70% coupon trigger level on observation dates and are subject to automatic call if the underlier closes at or above the initial level on a call observation date. The trade date is May 15, 2026, original issue date is May 20, 2026, and stated maturity is May 18, 2029. Payments at maturity depend on the final underlier level relative to a 70% trigger buffer level; if the final underlier level is below that buffer, holders can suffer substantial losses, including loss of the entire investment.

GS Finance Corp. priced principal-at-risk notes linked to the EURO STOXX 50® Index. The notes have a $1,000 face amount and $743,000 aggregate face amount, no periodic interest, and a maturity tied to the index performance from April 30, 2026 to April 30, 2031. If the final index level is at or above 75% of the initial level (the "trigger buffer level"), holders receive the greater of $1,370 or $1,000 plus the index return; if below 75%, holders suffer proportional principal loss and could lose their entire investment.

The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., issued at 100% of face with a 3% underwriting discount, and priced using GS&Co.'s proprietary models. Market liquidity is not guaranteed and the notes are subject to issuer/guarantor credit risk and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering medium-term structured notes guaranteed by The Goldman Sachs Group, Inc. with an aggregate face amount of $1,747,000. The notes mature on May 3, 2029 and pay no interest. The cash payment at maturity is determined solely by the lesser performing underlier (the Russell 2000 Index and the S&P 500 Index) measured from the trade date to the determination date. For each $1,000 face amount, holders receive $1,240 if both underliers finish at or above their initial levels, otherwise they receive the face amount of $1,000. The notes were issued at 100% of face with a 0.75% underwriting discount (net proceeds 99.25%). Investors remain exposed to the credit risk of GS Finance Corp. and its guarantor and to market, liquidity and tax risks described in the supplement.

GS Finance Corp. priced buffered, capped notes linked to the S&P 500® Index. The notes (aggregate face amount $1,036,000) pay no interest and settle in cash at maturity based on the S&P 500 performance from the trade date to the determination date.

For each $1,000 face amount, investors receive the maximum settlement amount of $1,119.50 if the final index level is at or above the initial level; they receive $1,000 if the final level is down but not more than the buffer level (85%); and they incur losses if the final level is below the buffer level, losing 1% of face for each 1% the index is below the buffer (buffer amount = 15%, buffer rate = 100%). Trade date is April 30, 2026, original issue date May 5, 2026, determination date July 30, 2027 and stated maturity August 4, 2027 (all subject to adjustments described in the general terms supplement).

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk notes linked to the S&P 500 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF maturing on May 3, 2029. Monthly coupons of $9.167 per $1,000 are paid only if each underlier meets a 70% trigger on an observation date. Notes are automatically called if all underliers are at or above their initial levels on a call observation date (first call window July 2026 through March 2029). At maturity, if any underlier is below 70% of its initial level, repayment is reduced pro rata based on the worst-performing underlier; losses can exceed a majority of principal. The aggregate original face amount was $2,817,000, original issue price 100%, underwriting discount 0.7%, and the estimated value on the trade date was approximately $999 per $1,000.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers callable notes linked to the common stock of Apollo Global Management, Inc. The notes reference an initial index stock price of $128.72, pay a quarterly coupon of $48.75 per $1,000 (4.875% quarterly; up to 19.5% per annum) only if the index stock on a coupon observation date is >= 70% of the initial price, and mature on May 3, 2029 unless automatically called on observation dates commencing July 2026 through January 2029 when the index stock is >= the initial price. If the final index stock price is below 70% of the initial price at maturity, holders suffer pro rata losses based on the index stock return. The prospectus shows an original issue price of 100%, an underwriting discount of 2%, net proceeds of 98%, an aggregate original face amount of $730,000, and an estimated value at issuance of approximately $976 per $1,000.

GS Finance Corp. is offering $767,000 of Medium‑Term Notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes pay no interest, are automatically called if the index closes at or above the initial level on the call observation date, and pay $1,110 per $1,000 if called.

If not called, at maturity the cash payment per $1,000 face will be $1,000 + $1,000 × 300% × index return if the final index level is above the initial level; otherwise holders receive the face amount. The notes mature on May 9, 2029 (call payment date May 7, 2027). GS&Co.’s estimated trade‑date value was $953 per $1,000, and the pricing supplement shows an underwriting discount of 1.25%.

GS Finance Corp. is offering contingent monthly-coupon, auto-callable notes (aggregate face amount $2,450,000) guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Nasdaq-100 and S&P 500, pay a contingent monthly coupon (up to 0.8334% per month), can be automatically called quarterly if all underliers close at or above their initial levels, and mature on May 3, 2029 with cash settlement based on the lesser performing underlier. Coupons require each underlier ≥70% of its initial level; principal is at risk if the lesser performing underlier finishes below 60% of its initial level. Initial underlier levels are the closing levels on April 28, 2026. Purchasers bear issuer and guarantor credit risk and market/valuation risks; notes are not FDIC insured.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-protected‑style structured notes linked to four stocks: Alphabet Class C, NVIDIA, Meta Class A, and Tesla. The notes have a trade date of April 30, 2026, an original issue date of May 5, 2026 and a stated maturity of May 7, 2031. Coupons are paid monthly and are conditional: the maximum coupon is $8.334 per $1,000 (≈ 10% p.a.) if every index stock is ≥ 100% of its initial price on an observation date; otherwise holders receive the minimum coupon of $0.209 per $1,000. The notes are subject to automatic call if all four stocks meet their initial prices on any call observation date, in which case holders receive face amount plus coupon on the call payment date. The estimated value at pricing was approximately $950 per $1,000 face amount; the original issue price is 100% of face, with an underwriting discount of 4%.

Payments depend on closing prices on monthly observation dates, anti-dilution and market-disruption provisions, and are unsecured obligations of the issuer, exposing holders to issuer and guarantor credit risk.

GS Finance Corp. priced contingent monthly-coupon, auto-callable notes tied to Salesforce, Inc. (CRM) stock. Each $1,000 note pays a contingent monthly coupon of $11.334 if the underlier meets a 61% trigger on observation dates and will be automatically called at $1,000 if the underlier equals or exceeds the initial level on any call observation date. If not called, maturity cash payment depends on the final underlier level—investors may lose up to their entire principal if the final level is below 61% of the initial level. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., carry underwriting fees, and involve credit risk of the issuer and guarantor.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, holders receive either $1,000 plus participation on positive performance (156% upside participation), $1,000 if the final level is at or above 90% of the initial level, or a reduced cash payment if the final level is below 90% (losses scale 1% per 1% decline beyond the 10% buffer). The notes pay no interest, have an original issue price of 100% of face amount, and mature in 2029 with a determination date of April 30, 2029. Investors remain exposed to issuer and guarantor credit risk and to futures-specific risks such as negative roll yield and implicit financing costs.

GS Finance Corp. offers leveraged, callable notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount returns 200% of the S&P 500® Futures Excess Return Index gain measured from the trade date April 30, 2026 to the determination date April 21, 2031, but pays only the face amount if the index return is zero or negative. The issuer may redeem in whole on monthly call payment dates beginning May 5, 2027, with fixed call premiums specified in the supplement. The notes do not bear interest; estimated value on the trade date was approximately $977 per $1,000 face amount and the original issue price is 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, S&P 500-linked, principal-at-risk notes maturing in May 2029. Each $1,000 note returns either the underlier return (capped at a $1,467 maximum), the absolute underlier loss if within a 15% buffer, or a prorated loss if the final index level falls below 85% of the initial level. The notes pay no interest and are exposed to issuer/guarantor credit risk and secondary-market liquidity risk. Purchase price equals 100% of face amount; underwriting discount is 0.7%.

GS Finance Corp. priced an offering of autocallable index-linked notes due May 7, 2029, guaranteed by The Goldman Sachs Group, Inc. The initial aggregate face amount is $1,612,000 and the original issue price is 100% of face with net proceeds of 99% of face. The notes pay no interest and may be automatically called on the call observation date (April 30, 2027) if each index closes at or above 95% of its initial level, producing a capped call payment of $1,180 per $1,000 face. If not called, redemption at the stated maturity (May 7, 2029) depends on the performance of the lesser performing underlier (Nasdaq-100, S&P 500, Russell 2000) with a 150% upside participation rate, a 70% trigger buffer, and potential loss of principal down to 0% of face if the lesser performing underlier falls sufficiently.

GS Finance Corp. priced callable equity‑linked notes linked to Lennox International Inc. stock, maturing May 1, 2029. Each $1,000 note pays a quarterly coupon of $44.5 if the index stock closes at or above 80% of the initial index stock price ($534.89) on observation dates. Notes are automatically called if the index stock closes at or above the initial price on any call observation date; otherwise principal at maturity depends on the final index stock return. The notes are unsecured and subject to GS Finance Corp. and Goldman Sachs Group credit risk; estimated value at issuance is about $965 per $1,000 face amount.

GS Finance Corp. offers $2,267,000 face amount of notes linked to NVIDIA Corporation stock, guaranteed by The Goldman Sachs Group, Inc.

The notes pay no interest and mature on June 4, 2027 with a determination date of June 1, 2027. For each $1,000 face amount, you receive the maximum settlement amount of $1,140.50 if the final underlier level is greater than or equal to the trigger buffer level (60% of the initial underlier level). If the final underlier level is below that trigger buffer, the cash payment equals $1,000 plus $1,000 times the underlier return, and you may lose up to your entire investment. The notes were issued at 100% of face with an underwriting discount of 1.1% and are subject to GS Finance Corp. credit risk, model valuation differences, limited liquidity, and tax uncertainties.

GS Finance Corp. priced cash-settled, structured notes linked to the S&P 500 Futures Excess Return Index with an aggregate face amount of $3,330,000. The notes pay no interest and mature May 5, 2031, with payoff based on the underlier return from April 30, 2026 to April 30, 2031. Holders receive 165% of upside if the final level exceeds the initial level; full face amount if the final level is between 70% and 100% of the initial level; and a pro rata loss below the 70% buffer, meaning principal can be substantially lost. Notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and were issued at 100% of face with a 1.125% underwriting discount.

GS Finance Corp. priced indexed, capped notes linked to the S&P 500® Index. The notes have an aggregate face amount of $996,000, a 100% original issue price, and do not pay periodic interest. On the stated maturity date the cash payment per $1,000 face will equal $1,000 plus the underlier return if positive, capped at a maximum settlement amount of $1,475, or $1,000 if the underlier return is zero or negative. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and mature in November 2031; payments depend on the final S&P 500® Index level on the determination date.

GS Finance Corp. is offering structured medium-term notes linked to the S&P 500® Index and the EURO STOXX 50® Index. The notes carry a contingent quarterly coupon and an automatic call feature; final cash settlement at maturity is based on the lesser performing underlier. The aggregate face amount is $13,386,000, the original issue price is 100% of face amount, underwriting discount is 2%, and stated maturity is May 3, 2029. Investors are exposed to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential loss of principal if the lesser performing underlier falls below the 80% trigger buffer level, and limited upside at maturity (cash settlement capped at principal).

GS Finance Corp. is offering leveraged, S&P 500® index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes feature a 300% upside participation rate with a maximum settlement amount expected between $1,148.80 and $1,174.90 per $1,000 face amount. If the final underlier level exceeds the initial level, payment equals $1,000 plus the upside participation rate times the underlier return, capped at the maximum settlement amount. If the final underlier level is equal to or below the initial level, the payment equals $1,000 plus the underlier return, exposing holders to full principal loss if the underlier falls substantially. The notes pay no interest, are short-dated (determination date expected 14–16 months after trade date), and are subject to the issuer's and guarantor's credit risk and limited secondary-market liquidity.