Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced a $2,879,000 offering of Market Linked Securities (original offering price $1,000 per security) guaranteed by The Goldman Sachs Group, Inc. These are auto-callable, equity-linked medium-term notes due May 3, 2029 linked to the lowest performing of Eli Lilly (starting price $934.60) and Visa Class A (starting price $329.84). The securities pay a $28.00 contingent quarterly coupon per $1,000 (an 11.20% annualized rate) only if the lowest performing underlying stock on each calculation day is at or above 60% of its starting price; unpaid coupons may be paid later if a subsequent calculation day meets the threshold.

The notes are subject to automatic call if the lowest performing underlying stock on a call date is at or above its starting price; if not called, principal at maturity depends solely on the lowest performing underlying stock and can result in the loss of more than 40% or the entire principal. The estimated model value at pricing was $964 per $1,000 face amount; underwriting discount per security was $23.25, with proceeds to issuer of $976.75 per security.

GS Finance Corp. is offering Absolute Return Trigger S&P 500® Index-Linked Notes due May 4, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 closing level on the determination date (May 1, 2028) relative to the initial level of 7,209.01. If the final level breaches an upper (120%) or lower (80%) barrier, holders receive a contingent cash payment of $1,060 per $1,000 face amount (6%). If no barrier event occurs, holders receive $1,000 plus $1,000 times the absolute index return, capped at $1,200 per $1,000 face amount (maximum 20%). The original issue price is 100% with underwriting discount 0.5% and estimated model value on the trade date of approximately $987 per $1,000. The notes are unsecured obligations subject to issuer and guarantor credit risk and complex U.S. tax treatment as contingent payment debt instruments.

GS Finance Corp. priced $7,283,000 of market-linked notes due May 8, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return $1,000 per note at maturity plus a supplemental payment equal to 114.30% of any positive basket percent change measured from the pricing date to the valuation date; if the final basket value is equal to or less than the initial basket value of 100, holders receive only the $1,000 stated principal amount. The basket is weighted: EURO STOXX 50 (40.00%), TOPIX (25.00%), FTSE 100 (17.50%), SMI (10.00%) and S&P/ASX 200 (7.50%). Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured, autocallable notes linked to AMD, Micron, NVIDIA and Tesla stock performance. The notes have an aggregate face amount of $2,070,000, original issue date May 5, 2026, original issue price 100% and stated maturity May 7, 2031. Coupons are monthly and equal either a maximum formula (0.65% monthly accrual up to periodic maxima) or a minimum $0.209 per $1,000. Notes are automatically called if each index stock closes at or above its initial price on any call observation date; payment at call equals principal plus coupon. The estimated value at pricing was approximately $947 per $1,000 face amount. Payments depend on GS Finance Corp. and Goldman Sachs creditworthiness and on calculation agent determinations by GS&Co.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent, non‑interest bearing, cash‑settled notes linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, the notes pay at maturity either $1,000 + $1,000×200%×(underlier return) if the final underlier level is above the initial level, or $1,000 + $1,000×(underlier return) if the final level is equal to or below the initial level; a decline in the underlier can cause large losses, including a total loss of principal. The notes mature in 2030 and are subject to issuer/guarantor credit risk, market‑value risk before maturity, market disruption adjustments, roll‑yield effects from futures indexing, and uncertain U.S. federal tax treatment.

GS Finance Corp. priced $24,000,000 aggregate principal of Contingent Income Buffered Auto-Callable Securities linked to Eli Lilly & Co. (LLY) with a May 5, 2027 stated maturity and an initial share price of $851.21 set on April 29, 2026. The securities pay a contingent monthly coupon (scheduled from June 2026) only if the underlying closes at or above the buffer price of $680.968 (80.00% of the initial share price) on each coupon observation date and are automatically called if the underlying closes at or above the initial share price on any call observation date. At maturity, if not called, principal is preserved only when the final share price is at or above the buffer price; otherwise investors lose 1.25% of principal for every 1.00% decline beyond the buffer. The securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and involve issuer/guarantor credit risk.

GS Finance Corp. priced callable, cash-settled notes linked to the EURO STOXX 50® Index. Each $1,000 face amount participates at a 150% upside rate, is capped at $1,151 if automatically called, and bears no interest. The notes include an automatic call on the call observation date if the underlier is ≥ the initial level; the trigger buffer is 80% and the initial level is 5,881.51. Trade date is April 30, 2026, original issue date May 5, 2026, call observation date April 30, 2027, and stated maturity May 3, 2029. Investors are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., may lose their entire investment if the final underlier level is below the trigger buffer, and will receive cash settlement only.

GS Finance Corp. offers $3,050,000 aggregate face amount of indexed, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the S&P 500 Index performance from the trade date (April 30, 2026) through the determination date (May 1, 2028) and is subject to adjustment.

Holders receive the face amount if the final index level is within a 20% buffer, upside participation of 125% (capped at a $1,243.50 cash payment per $1,000 face amount) for positive returns, and a leveraged downside loss of 1.25% of face for each 1% the index falls below the 80% buffer. Notes do not bear interest; market value and tax treatment carry specific risks described herein.

GS Finance Corp. is offering structured notes due June 4, 2027 linked to the common stock of Uber Technologies, Inc.. Each $1,000 note pays a contingent monthly coupon of $10 (1% monthly, up to 12.00% per annum) only if the underlier closes at or above the coupon trigger level (62% of the initial underlier level) on the applicable coupon observation date. The notes are subject to an automatic call on scheduled call observation dates if the underlier closes at or above the initial underlier level ($74.61). If not called, principal at maturity depends on the final underlier level: if the final underlier level is less than the trigger buffer level (62% of initial), the cash settlement equals $1,000 plus $1,000 × underlier return, which can result in a total loss of principal; if the final level is at or above the trigger buffer level, principal is preserved. The aggregate face amount initially sold is $2,462,000. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and bear the credit risk of those entities.

GS Finance Corp. is offering structured, cash-settled notes linked to the S&P 500® Futures Excess Return Index. Each $1,000 face amount pays no interest and returns either (a) $1,000 plus 124% of the underlier gain if the final level is above the initial level, (b) $1,000 if the final level is between 80% and 100% of the initial level, or (c) a reduced cash amount if the final level is below 80%, with losses proportional to the underlier decline below the buffer. Trade date is April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028, and stated maturity May 4, 2028. Aggregate face amount initially offered is $2,750,000. The notes are unsecured obligations of GS Finance Corp., unlisted, fully guaranteed by The Goldman Sachs Group, Inc., and expose holders to issuer/guarantor credit risk, negative roll-yield effects from futures linking, and potential substantial principal loss if the underlier falls below the buffer level.

GS Finance Corp. priced an offering of Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk, issued under its Medium-Term Notes, Series F, with an original offering price of $1,000 per security and aggregate original offering of $4,631,000.

The securities pay a quarterly contingent coupon of $26.25 per $1,000 (equivalent to 10.50% per annum) only if the lowest performing of the S&P 500®, Russell 2000® and EURO STOXX 50® on each calculation day is at or above 75% of its starting level. They are auto-callable if the lowest performing underlier is at or above its starting level on any call date (first possible call October 2026) and mature on May 3, 2029. If not called, maturity payoff depends solely on the lowest performing underlier; a closing below 75% of its starting level at final calculation can produce losses exceeding 25%, up to total loss. The securities’ estimated value at pricing was approximately $974 per $1,000, reflecting fees, credit spreads and product structure.

GS Finance Corp. offers principal-protected contingent buffer notes linked to the S&P 500® Index with a five-year term. Each $1,000 note pays no interest and settles in cash at maturity on May 5, 2031 based on the index performance from the trade date (April 30, 2026) to the determination date (April 30, 2031).

If the final index level is above the initial level, holders receive $1,000 plus 102% of the index return. If the final level is between the initial level and 85% of the initial level, holders receive the $1,000 face amount. If the final level is below 85%, losses apply dollar-for-dollar below the buffer (buffer = 15%), and the cash payment can be substantially less than principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected notes linked to The Trade Desk Class A stock with quarterly coupons and an automatic-call feature. The notes reference an initial index stock price of $23.59 (trade date April 30, 2026) and mature on May 3, 2029, subject to earlier automatic redemption if the index stock closes at or above the initial price on any call observation date commencing July 2026 through January 2029. Coupons of $75.625 per $1,000 (7.5625% quarterly; potential annualized 30.25%) are payable on each coupon payment date only if the index stock closing price on the related coupon observation date is at least 50% of the initial index stock price. At maturity, if the final index stock price is below the 50% trigger buffer, holders receive a loss tied to the index stock return and may receive less than 50% of principal. The estimated value at pricing was approximately $959 per $1,000, original issue price is 100%, underwriting discount 2%, net proceeds 98%. Credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. applies and GS&Co. acts as calculation agent with discretionary adjustment authority.

The issuer, GS Finance Corp., is offering principal-protected contingent notes linked to the S&P 500 Index with an aggregate face amount of $1,032,000. Each $1,000 note returns either (a) a capped upside up to a $1,199 maximum, (b) the face amount if the final index level is above the 80% buffer level, or (c) a downside loss that multiplies each percentage point below the 80% buffer by 1% of face amount. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and mature in early May 2028. The original issue price is 100% of face and underwriting discount is 1.75%.

GS Finance Corp. offers five-year, buffer-protected principal notes linked to the Russell 2000® Index, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and returns either (a) $1,000 plus the underlier return if the final level is above the initial level, (b) $1,000 if the final level is between the initial level and the buffer level (85% of initial), or (c) a reduced cash payment if the final level is more than 15% below the initial level, with losses proportional to the decline. The notes have a trade date of April 30, 2026, original issue date May 5, 2026, determination date April 30, 2031 and stated maturity May 5, 2031. Original issue price is 100% of face with a 0.75% underwriting discount. These notes expose investors to issuer/guarantor credit risk, market and liquidity risk, tax uncertainty, and possible substantial principal loss if the Russell 2000 declines beyond the 15% buffer.

GS Finance Corp. is offering $11,170,000 aggregate of Trigger Performance Leveraged Upside Securities ("Trigger PLUS") due May 5, 2032, linked to the EURO STOXX 50® Index. Each $1,000 stated principal receives 183.50% of any positive index return; if the final index value is below the trigger level (4,411.1325) you will suffer pro rata principal loss. The initial index value is 5,881.51 (pricing date April 30, 2026); valuation date is April 30, 2032. The estimated value at pricing was approximately $945 per Trigger PLUS; original issue price was 100.00% with a 3.50% underwriting discount.

GS Finance Corp. priced buffer-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the S&P 500 Index performance from the trade date to the determination date. For each $1,000 face amount the payout is: (1) $1,000 plus 200% times the index return if the final level is at or above the initial level (capped at $1,130); (2) $1,000 plus the absolute index decline if the final level falls up to 10% below the initial level (the buffer); or (3) a loss equal to 1% of face per 1% the final level is below the 90% buffer level. The offering aggregates $3,295,000 of face amount, issues at 100% of face with a 0.43% underwriting discount, trade date April 30, 2026, original issue date May 5, 2026, determination date June 1, 2027, and stated maturity June 4, 2027.

The issuer, GS Finance Corp., is offering basket-linked notes due May 7, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; redemption depends on a weighted return of TOPIX, the S&P 500® and EURO STOXX 50® measured from the trade date April 30, 2026 to the determination date May 2, 2029. For each $1,000 face amount, a positive weighted return pays that percentage of upside at a 100% participation rate; a weighted return between 0% and -15% returns $1,000; a weighted return below -15% produces a proportional principal loss. The pricing supplement states an estimated value of approximately $966 per $1,000 at trade date and an original issue price of 100% of face amount with a 1.2% underwriting discount.

GS Finance Corp. priced principal-protected-style notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP) with an upside participation rate of 120%, a buffer equal to 15% (buffer level 85% of initial) and no coupon. For each $1,000 face amount the cash settlement at maturity will be: $1,000 plus 1) upside participation × underlier return if the final level ≥ initial; 2) the absolute underlier return if decline ≤ 15%; or 3) a loss tied to the decline beyond the buffer if decline > 15%. Key dates: trade date 4/30/2026, original issue date 5/6/2026, determination date 10/30/2028, stated maturity 11/2/2028. Aggregate face amount initially offered: $1,121,000. The notes do not bear interest and the original issue price equals 100% of face with a 1% underwriting discount. The underlier tracks E-mini S&P 500 futures (not the S&P 500 index) and is subject to roll/contango effects, market disruption adjustments, and the credit risk of the issuer and guarantor.

GS Finance Corp. offers $823,000 aggregate face amount of index-linked notes due June 4, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their cash payment at maturity depends on the lesser performing of the Russell 2000® and S&P 500® measured from the trade date of April 30, 2026 to the determination date of June 1, 2027. The notes apply a 90% buffer level and a 10% buffer amount: if the lesser performing underlier falls below 90% of its initial level, investors lose on a dollar-for-dollar basis for declines beyond the buffer. The initial underlier levels are Russell 2000: 2,799.905 and S&P 500: 7,209.01, the upside participation rate is 100%, and the estimated value at pricing was approximately $983 per $1,000 face amount. Original issue price was 100% of face amount with an underwriting concession of 0.8%. These notes carry issuer and guarantor credit risk and may have limited secondary liquidity.

The offered notes are cash-settled, index-linked senior notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. They pay no interest and mature on May 5, 2031. The cash settlement per $1,000 face depends on the EURO STOXX 50® final level versus the initial level, with a 160% upside participation if the index rises, a full repayment at maturity if the index is within the 25% buffer down to 75% of initial, and leveraged losses below the buffer. Aggregate face amount is $1,903,000. The original issue price is 100% of face with a 1.125% underwriting discount. Tax treatment is uncertain; tax opinion treats notes as pre-paid derivative contracts.

GS Finance Corp. offers auto-callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature expected June 3, 2031 (trade date expected May 26, 2026; original issue date expected May 29, 2026) and pay monthly coupons only if the index on an observation date is at or above 60% of the initial underlier level.

Payments at call or maturity depend on index performance, subject to a daily 6.0% per annum decrement, a volatility target of 40%, and maximum leverage of 500%. The estimated model value on the trade date is between $885 and $935 per $1,000 face amount.

GS Finance Corp. offers structured, medium-term notes guaranteed by The Goldman Sachs Group, Inc. The pricing supplement covers an aggregate face amount of $7,909,000 issued April 30, 2026 with a stated maturity of May 7, 2029. Coupons are contingent monthly payments of $8.042 per $1,000 (0.8042% monthly, potential ~9.65% annually) paid only if each underlier meets a 70% coupon trigger on observation dates. The notes include an automatic call if all three underliers close at or above their initial levels on any call observation date. At maturity (if not called), principal repayment depends on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500); if that underlier finishes below 70% of its initial level, investors can suffer substantial principal loss, including loss of the entire investment.

GS Finance Corp. is offering principal-at-risk indexed notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.459 per $1,000 (0.8459% monthly; potential up to ~10.15% per annum) only when each underlier closes at or above its coupon trigger (65% of its initial level) on the related coupon observation date. The cash settlement at maturity (per $1,000) is based solely on the lesser performing underlier return versus its initial level: if every final underlier level is at or above its trigger buffer (55%), the holder receives $1,000; otherwise the holder receives $1,000 plus $1,000 times the lesser performing underlier return, which can result in a total loss of principal. The offering aggregates $8,215,000 face amount; trade date is April 30, 2026 and original issue date is May 5, 2026. The issuer may redeem the notes at its option on specified coupon payment dates commencing in November 2026. Payments are cash-settled and the notes are subject to issuer and guarantor credit risk, secondary-market illiquidity, and uncertain U.S. federal income tax treatment.

The issuer, GS Finance Corp., is offering capped, principal‑at‑risk notes linked to the S&P 500® Index. For each $1,000 face amount, investors receive either the face amount at maturity if the final index level is equal to or below the initial level, or $1,000 plus the underlier return subject to a maximum settlement amount of $1,445. The notes pay no interest, have an original issue price of 100% of face amount, and are fully guaranteed by The Goldman Sachs Group, Inc.. The trade date is April 30, 2026, original issue date is May 5, 2026, determination date is October 30, 2030 and stated maturity date is November 4, 2030. The issuer has disclosed that the estimated model value at trade date is lower than the issue price and that secondary market liquidity is not assured.

GS Finance Corp. priced a structured, callable medium-term note offering with an aggregate face amount of $100,000 (original issue date May 5, 2026, trade date April 30, 2026). The notes mature on May 5, 2033, are zero-coupon in cash flow (do not bear interest) and are linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). Notes are automatically called if the index closing level on any semi-annual call observation date equals or exceeds 102% of the initial index level (initial index level: 112.73), producing prescribed call payments; if not called, maturity payment is capped (maximum settlement amount $1,927.50 per $1,000 face amount if final index level ≥ 102%) or otherwise returns principal only ($1,000). The index uses daily rebalancing, volatility and momentum controls, and a 0.65% per annum deduction; allocations may shift heavily to non‑interest bearing cash positions. The estimated model value at pricing was approximately $941 per $1,000 face amount. Payments remain subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc..

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured medium-term notes linked to the S&P 500 and EURO STOXX 50. The notes have an aggregate face amount of $1,587,000, pay no interest, and include quarterly automatic-call dates beginning April 30, 2027.

If not called, principal at maturity (stated maturity May 5, 2031) depends on the lesser performing underlier: investors receive full face amount if each final underlier level is at or above its initial level, receive $1,000 if all final underlier levels are at or above 70% of initial levels but at least one is below initial, or suffer a loss equal to the lesser performing underlier return multiplied by $1,000 (possible total loss).

GS Finance Corp. is offering $2,229,000 in medium‑term, automatic‑callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest, may be automatically called on semi‑annual call observation dates and mature on May 5, 2032.

If a call observation date meets the call trigger (index closing level >= the initial index level of 112.73), each $1,000 face amount will be redeemed at $1,000 plus a call premium (10.00% up to 55.00% depending on the call date). If not called, maturity proceeds are capped: the maturity premium amount is 60% and downside is limited to return of principal if the final index level is below the initial level. The index methodology applies daily rebalancing, a 5% volatility control and a 0.65% p.a. deduction that can materially reduce index exposure to risky assets. The notes’ estimated trade‑date value was $958 per $1,000 face amount; original issue price equals face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent protection notes linked to the EURO STOXX 50® Index. The notes have a $1,000 face amount per note, an aggregate face amount of $2,910,000, no interest, a 150% upside participation rate, and an 80% trigger buffer. If the notes are automatically called on the call observation date, holders receive $1,186 per $1,000 face amount on the call payment date. If not called, maturity payments depend on the final index level: investors receive at least principal when the final level is ≥80% of the initial level, but may lose up to their entire investment if the final level is below 80% of the initial level. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, underwriting/structuring fees, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering contingent coupon, auto-callable notes linked to a Class A ordinary share of Accenture plc (initial index stock price $178.71). The notes mature June 4, 2027, pay a monthly coupon of $12.625 per $1,000 face amount if the index stock's closing price on a coupon observation date is at least 62% of the initial price, and will be automatically called on a call payment date if the index stock's closing price on any call observation date is greater than or equal to the initial index stock price. If not called, maturity payments depend on the index stock return versus a -38% barrier (62% trigger buffer); losses can be up to the full investment. Original issue price is 100% with an underwriting discount of 2.15% and estimated value on the trade date of approximately $961 per $1,000 face amount.

GS Finance Corp. is offering $12,917,000 aggregate principal of Performance Leveraged Upside Securities (PLUS) linked to the S&P 500® Index, priced April 30, 2026 and issued May 5, 2026. The PLUS mature on August 4, 2027 with a valuation date of July 30, 2027.

Each $1,000 PLUS pays either (a) $1,000 plus a 300% leveraged upside of the index percent increase subject to a $1,154.00 maximum payment, or (b) if the index falls, $1,000 multiplied by the index performance factor (full 1:1 downside exposure). Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering index-linked notes due May 4, 2028 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity an amount tied to the lesser performing of the S&P 500 and Russell 2000 measured from the trade date (April 30, 2026) to the determination date (May 1, 2028). The notes do not bear interest and feature an upside participation rate of 110%. If the lesser performing index finishes at or above 75% of its initial level, negative returns are converted to their absolute value; if it finishes below 75%, losses equal the negative lesser performing index return. The estimated value at pricing was approximately $979 per $1,000 face amount and the original issue price is 100% of face. The offering includes an underwriting discount of 0.8% and net proceeds to the issuer of 99.2%. These notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

The offered notes are cash‑settled, principal‑at‑risk 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, payoff at maturity depends on the underlier return, subject to a 20% buffer and a $1,202.50 maximum payout. The notes pay no interest and may return less than principal if the final underlier level is below the buffer level. The offering aggregates $3,963,000 of face amount, with an original issue price of 100% and underwriting discount of 1%.

The issuer, GS Finance Corp., is offering structured, non-interest-bearing notes linked to the S&P 500® Index with an aggregate face amount of $2,799,000. Payment at maturity depends on the final index level versus a trigger buffer of 80% of the initial level; gains are capped at a maximum settlement amount of $1,845 per $1,000 face amount and positive cash settlement is floored at a threshold settlement amount of $1,200 per $1,000 face amount. If the final index level is below the trigger buffer, losses are proportional to the index decline and investors may lose their entire investment. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., are issued at 100% of face with a 3% underwriting discount, and mature on May 5, 2031 (determination date April 30, 2031).

GS Finance Corp. offers S&P 500®-linked buffered notes under a pricing supplement dated April 30, 2026. The notes have an aggregate face amount of $1,346,000, an original issue price of 100% of face, and are fully guaranteed by The Goldman Sachs Group, Inc.

Payments at maturity depend on the S&P 500 final level versus an initial level of 7,209.01. The notes provide 125% upside participation capped at a maximum upside settlement amount of $1,182 per $1,000 face, a 10% buffer (buffer level = 90%), no periodic interest, and a stated maturity of November 4, 2027 (determination date November 1, 2027).

The pricing supplement describes medium‑term, non‑interest bearing structured notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. The offering aggregates $3,275,000 of face amount in $1,000 notes, with a maximum settlement amount of $1,212.50 per $1,000 face. Payment at maturity depends on the performance of the S&P 500® Index from the trade date (April 30, 2026) to the determination date (January 30, 2029), and is: (i) $1,000 + ($1,000 × underlier return) capped at the maximum settlement amount if the final underlier level is greater than the initial level, or (ii) $1,000 if the final underlier level is equal to or less than the initial level. The notes mature on February 2, 2029. The price to the public is 100% of face; underwriting discount is 1%; net proceeds 99% of face. The comparable yield for U.S. tax accruals is stated as 4.5333% per annum, with a projected payment at maturity of $1,133.22 based on a $1,000 investment.

The pricing supplement describes GS Finance Corp.'s offering of Nasdaq-100 Index® linked, buffered, automatically callable notes guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount is $2,008,000. The notes pay no interest, carry an upside participation rate of 125%, a 15% buffer (buffer level 85%), and a capped automatic call payoff of $1,127.50 per $1,000 on the call payment date if the underlier is at or above the initial level on the call observation date. Key dates: trade date April 30, 2026, original issue date May 5, 2026, call observation date April 30, 2027 (call payment date May 7, 2027), determination date May 1, 2028, and stated maturity date May 8, 2028. The cash settlement at maturity depends on the final underlier level: investors may receive enhanced upside when the index rises, full principal if the final level is at or above the buffer level, or suffer significant losses below the buffer (examples show as low as 15.0% of face if the final level is 0% of initial). The notes are subject to the issuer's and guarantor's credit risk, model/pricing discounts at issue, limited secondary-market liquidity, FATCA and U.S. federal income tax uncertainty, and other structural risks.

GS Finance Corp. is offering S&P 500® Futures Excess Return Index‑linked, principal‑at‑risk notes with an aggregate face amount of $1,943,000. Each $1,000 face amount pays no interest and at maturity (stated maturity date May 5, 2031) will pay either: (1) $1,000 plus $1,000 times the 203% upside participation rate times the underlier return if the final underlier level is above the initial level; (2) $1,000 if the final underlier level is between the initial level and the 70% trigger buffer level; or (3) a reduced cash amount equal to $1,000 plus $1,000 times the underlier return if the final underlier level is below the trigger buffer level, which can result in a total loss of principal. The underlier is the S&P 500® Futures Excess Return Index (E‑mini futures), the trade date was April 30, 2026, and the determination date is April 30, 2031. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk and to structural risks including negative roll yields and futures/market disruption provisions.

GS Finance Corp. offers principal-at-risk, Russell 2000®-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (aggregate face amount $720,000) pay no interest and mature on May 4, 2028. Cash payoff per $1,000 face is: (1) if the final index level > initial level, $1,000 + $1,000×200%×underlier return capped at $1,320; (2) if final level ≥ 90% of initial, $1,000; (3) if final level < 90% of initial, a proportional loss applies based on the buffer rate 100% and buffer amount 10%. Trade date was April 30, 2026 and initial index level is 2,799.905. The original issue price equals face amount; underwriting discount is 1%.

GS Finance Corp. is offering $3,765,000 face amount of medium-term structured notes, guaranteed by The Goldman Sachs Group, Inc., under a pricing supplement dated April 30, 2026. The notes pay a contingent monthly coupon of $10.875 per $1,000 (1.0875% monthly, up to 13.05% per annum) subject to the automatic call feature, and mature on May 3, 2029 unless called earlier.

Coupon payments occur only if each underlier on the related coupon observation date is at or above its coupon trigger level (70% of the initial level). The cash settlement at maturity, if not called, is based on the performance of the lesser performing underlier; if that underlier finishes below its trigger buffer level (70% of initial), investors can lose a substantial portion or all of their investment.

GS Finance Corp. prices equity-index linked medium-term notes guaranteed by The Goldman Sachs Group, Inc. The offering sells $3,553,000 aggregate face amount of auto-callable, S&P 500®-linked notes at an original offering price of $1,000 per security. Each note has an estimated model value of $972 per $1,000 face amount on the pricing date and pays no interest; payments depend on the S&P 500® closing levels on the call date (May 5, 2027) and the calculation day (April 30, 2029).

Key economic terms: call premium of $106 (10.60%), upside participation of 125%, face amount $1,000, and a downside threshold equal to 75% of the starting level (threshold amount 25%). Investors may lose up to 100% of principal; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash‑settled, S&P 500®‑linked notes with an aggregate face amount of $4,085,000. The notes pay no interest, have a 100% upside participation rate and include an automatic call feature: if the underlier closing level on the call observation date is at or above the initial level, each $1,000 face amount will be redeemed for $1,058 on the call payment date. If not called, the payment at maturity is cash equal to principal plus any upside return (or $1,000 if the underlier return is zero or negative). The underlier is the S&P 500® Index (initial level 7,209.01). Trade date is April 30, 2026, original issue date May 5, 2026, stated maturity May 7, 2029, and determination date April 30, 2029. The notes were issued at 100% of face with an underwriting discount of 0.75% (net proceeds 99.25% of face). Key risks include issuer/guarantor credit risk, limited liquidity, potential secondary‑market discounts, capped call payment, and U.S. tax treatment as contingent payment debt instruments (comparable yield 4.56% per annum).

GS Finance Corp. is offering callable, contingent‑coupon notes linked to the common stock of lululemon athletica inc. The notes pay a contingent quarterly coupon of $43.25 per $1,000 face amount when the underlier closes at or above a 60% coupon trigger. The notes are automatically called if the underlier closes at or above the initial level of $137.70 on a call observation date. If not called, the cash settlement at maturity depends on the final underlier level: investors receive $1,000 if the final level is at or above the 60% trigger buffer, but will suffer full principal loss if the final level falls to 0% (examples show a 15% final level would produce a 15% cash settlement). Trade date is April 30, 2026, original issue date May 5, 2026, and stated maturity is May 3, 2029. The notes are unsecured senior obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to the issuer and guarantor credit risk.

GS Finance Corp. offers $3,750,000 aggregate face amount of medium-term, non‑interest paying notes linked to the S&P 500® Index under Pricing Supplement No. 24,383. The notes pay a capped positive return up to $1,090.50 per $1,000 face amount if the final index level on the determination date is at or above the buffer level (90% of the initial level). If the final index level is below the buffer level, investors lose approximately 1.1111% of face for each 1% decline below the buffer and could lose their entire investment. The notes are issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc., have an original issue price equal to face amount, a 1% underwriting discount, and a stated maturity date of May 18, 2027 (determination date currently May 13, 2027), subject to adjustment.

GS Finance Corp. issues capped, return‑linked notes tied to Walmart Inc. stock. The offering has an aggregate face amount of $596,000 on the original issue date with a trade date of April 30, 2026 and a stated maturity of May 3, 2029. For each $1,000 face amount, holders receive $1,245.5 at maturity if the final Walmart closing price is greater than or equal to the initial index stock price of 131.93; otherwise holders receive the face amount of $1,000. The estimated value on the trade date is approximately $982 per $1,000 face amount. The issue price is 100% of face; underwriting discount is 0.75% and net proceeds to the issuer are 99.25%. Payments depend on the final closing price on the determination date and are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.

GS Finance Corp. offers $11,663,000 of structured notes that pay a contingent quarterly coupon and return an amount at maturity tied to the lesser performing underlier of the Russell 2000® Index and the S&P 500® Index. Coupons of $20.625 per $1,000 (2.0625% quarterly; up to 8.25% per annum) are paid only when each underlier closes at or above 55% of its initial level on the related observation date.

The notes mature on May 5, 2031 (determination date April 30, 2031). If not redeemed earlier, the cash settlement at maturity for each $1,000 face amount equals $1,000 if the lesser performing underlier finishes at or above 55% of its initial level; otherwise the holder receives $1,000 × the lesser performing underlier return, which could result in a total loss of principal. GS Finance Corp. may redeem the notes on coupon payment dates commencing November 2026. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Market Linked, auto-callable medium-term notes due April 29, 2030 with an original offering price of $1,000 per security and a total original offering amount of $5,563,000. The securities pay a contingent quarterly coupon of $22.875 (9.15% per annum) only if the lowest performing of the S&P 500®, Russell 2000® and Dow Jones Industrial Average® on each calculation day is at or above 75% of its starting level.

If any quarterly call date shows the lowest performing underlier at or above its starting level, the notes will be automatically called for the face amount plus the final contingent coupon. If not called, maturity payment depends solely on the lowest performing underlier on the final calculation day; holders may lose more than 25% and could lose their entire principal if that underlier finishes below 75% of its starting level. The estimated value at pricing was approximately $982 per $1,000 face amount, and payments are subject to issuer/guarantor credit risk.

The issuer, GS Finance Corp. is offering non‑interest notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a trade date of April 30, 2026 and a stated maturity of May 5, 2031. For each $1,000 face amount, investors will receive $1,571.5 if the index return is zero or positive on the determination date or $1,000 if the index return is negative; the initial index level is 112.73. The notes do not pay interest, carry the credit risk of the issuer and guarantor, and reflect an estimated value of approximately $937 per $1,000 on the trade date. The index methodology can shift exposure into non‑interest cash positions and applies a 0.65% per annum deduction (accruing daily), a 5% volatility control and a momentum risk control that may materially limit upside participation.

GS Finance Corp. priced Dual Directional Buffered Participation Securities linked to the Nasdaq-100 Index® with $4,173,000 aggregate principal (original issue) and a stated maturity of May 4, 2028. For each $1,000 principal, payment at maturity depends on index performance from the pricing date (April 30, 2026) to the valuation date (May 1, 2028): upside participation is 1-for-1 up to a maximum payment of $1,174.00 (117.40%); if the final index value falls but within a 20.00% buffer investors receive a positive return equal to the absolute decline (capped at 20.00%); declines beyond the 20.00% buffer reduce principal 1% per 1% down to a minimum payment of $200 (20.00%). The securities do not pay interest, carry issuer/guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and had an estimated value of approximately $969 per $1,000 at pricing.