Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers $ Autocallable Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are tied to the Nasdaq-100 and S&P 500 indices, bear no interest, and feature an automatic call if both underliers are at or above their initial levels on the call observation date. If automatically called, each $1,000 face amount would pay at least $1,150 on the call payment date. If not called, the maturity payment depends solely on the lesser performing underlier, with an upside participation rate of 200% and a trigger buffer of 80%; principal can be fully lost if the lesser performing underlier falls below its trigger buffer level.

GS Finance Corp. is offering index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return for each $1,000 face amount either the maximum settlement amount (at least $1,230) if both underliers finish at or above their initial levels, or otherwise the face amount ($1,000) at maturity. The notes reference the Russell 2000® Index and the S&P 500® Index. Key dates shown include a trade date of May 29, 2026, original issue date June 3, 2026, determination date May 29, 2029, and stated maturity date June 1, 2029. The cash settlement is based solely on the lesser performing underlier; secondary market prices and creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc. will affect market value. Tax treatment: treated as a contingent payment debt instrument for U.S. federal income tax purposes.

The issuer, GS Finance Corp., is offering buffered S&P 500® Index-linked notes due May 2, 2031, guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, payoff at maturity depends on the S&P 500 closing level on the determination date (April 29, 2031) versus the initial level of 7,135.95. If the index return is positive, the holder receives $1,000 plus 95% of the index return. If the index return is between 0% and -10%, the holder receives $1,000. If the index return is below -10%, the holder receives $1,000 plus 100% times (index return + 10%), which produces losses below principal. The estimated value on the trade date was approximately $955 per $1,000 face amount. Original issue price is 100% with an underwriting discount of 4.1% and net proceeds to issuer of 95.9%. The notes do not pay interest and are subject to issuer and guarantor credit risk, tax uncertainties, and liquidity/valuation risks.

GS Finance Corp. offers leveraged buffered notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 face amount and an 200% upside participation rate, a $1,363 maximum settlement amount and a 10% downside buffer (buffer level = 90%).

Trade date is May 26, 2026, original issue date May 29, 2026, determination date November 27, 2028, and stated maturity date November 30, 2028. The notes pay no interest, are cash-settled and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers callable Nasdaq-100 Futures Excess Return™ Index-linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their final cash payment per $1,000 face depends on the final underlier level versus the initial level of 720.8628 measured from the trade date April 29, 2026 to the determination date April 30, 2031. Investors participate at an upside participation rate of 245% if the final level exceeds the initial level. If the final level is between 80% and 100% of the initial level, holders receive the $1,000 face amount; if below 80%, holders suffer downside loss calculated as (underlier return + 20%) times $1,000. The notes are callable at issuer option on monthly call payment dates beginning in May 2027 through April 2031 at specified capped call premium amounts. The estimated value on the trade date is approximately $967 per $1,000 face amount; original issue price is 100%. The offering aggregates $766,000 face amount initially. Potential investors should review credit risk of GS Finance Corp. and the guarantor, the limited live history of the underlier, negative roll/contango effects from futures exposure, tax uncertainties, and the lack of interest payments.

GS Finance Corp. is offering leveraged, buffered S&P 500® Index‑linked notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on the S&P 500 performance from the trade date to the determination date.

If the final index level exceeds the initial level, holders receive 200% of the upside return subject to a maximum settlement amount of $1,222.50 per $1,000. If the final level is between 90% and 100% of the initial level, holders receive the $1,000 face amount. If the final level is below 90% of the initial level, holders suffer dollar‑for‑dollar losses below the buffer and could lose a substantial portion of principal.

GS Finance Corp. priced a $3,830,000 issuance of medium‑term, S&P 500®‑linked cash‑settled notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, feature a 110% upside participation rate, an automatic call that yields $1,100 per $1,000 if the call trigger is met, and a stated maturity of May 7, 2029.

The notes may be automatically called on the call observation date if the closing level of the S&P 500® is at or above the initial level; if not called, at maturity each $1,000 face amount returns $1,000 plus upside participation on positive index returns but will return only the face amount if the underlier return is zero or negative. The offering carries an underwriting discount of 2.25% (net proceeds 97.75%) and is subject to issuer and guarantor credit risk and tax rules for contingent payment debt instruments.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering market-linked medium-term notes linked to the Nasdaq-100 Index® due May 2, 2030. Each $1,000 note pays principal at maturity and participates 100% in upside in the index subject to a 30.00% cap (maximum maturity payment $1,300). The pricing date was April 29, 2026; the estimated value at pricing was $958 per $1,000 face amount and the original offering price is $1,000 per note. Payments remain subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the Class C common stock of Dell Technologies Inc., with an original offering price of $1,000 per security and aggregate face amount $3,339,000. The securities pay a quarterly $51.875 contingent coupon per $1,000 (a 20.75% annualized rate) only if the underlying stock closes at or above the coupon threshold (60% of the starting price) on each calculation day.

If any quarterly call date from July 2026 to January 2029 has the stock closing price at or above the starting price, the notes will be automatically called and redeemed at face amount plus the final contingent coupon. If not called, maturity is May 3, 2029; repayment at maturity depends on the ending price relative to the downside threshold (50% of the starting price). The estimated value at pricing was approximately $961 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and tax and liquidity considerations.

GS Finance Corp. is offering leveraged, buffered basket-linked notes due May 3, 2029, guaranteed by The Goldman Sachs Group, Inc. Each note links payoff to a weighted basket of five equity indices with an initial basket level of 100. The notes pay 1.5× the basket return on gains up to a cap (cap level ≈ 130.333%), provide a 5% buffer that preserves principal for declines up to 5%, and expose holders to losses beyond the buffer. The estimated value on the trade date was ~$979 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.2%. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.; payments depend on closing index levels on the determination date.

GS Finance Corp. priced contingent monthly‑coupon, autocallable notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $3,142,000 of notes with a $1,000 face amount per note, an original issue price equal to face, and an underwriting discount of 2.225%. Coupons of $7.917 per $1,000 (0.7917% monthly, ~9.50% per annum) are paid only when each underlier is at or above a 75% coupon trigger on observation dates. An automatic call occurs if all three underliers close at or above their initial levels on a call observation date. If not called, the maturity cash settlement is based on the lesser performing underlier and may result in the loss of all principal; the determination date is October 29, 2027 and stated maturity is November 5, 2027.

GS Finance Corp. issues $4,506,000 of Leveraged Buffered Basket‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and matures on May 4, 2028. The payout is linked to a weighted basket (S&P 500® 40%, MSCI EAFE 25%, S&P MidCap 400® 14%, Russell 2000® 11%, MSCI Emerging Markets 10%) measured from the trade date (April 29, 2026) to the determination date (May 1, 2028). Positive basket returns pay 150% participation subject to a cap (approximately 117.833% of initial basket level) and a maximum settlement of $1,267.5 per $1,000 face. A buffer protects declines up to 10%; declines beyond that expose holders to proportional losses. The estimated value on the trade date was approximately $984 per $1,000 face; the original issue price was 100% with an underwriting discount of 0.8%.

GS Finance Corp. issued $884,000 aggregate face amount of S&P 500® Daily Risk Control 5% USD Excess Return Index–linked notes due May 3, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is based on the Excess Return index performance from the trade date April 29, 2026 to the determination date April 30, 2029.

Key economic terms: upside participation rate 169%, initial index level 179.26, maximum downside settlement amount $2,000 per $1,000 face. Notes estimated value at pricing was approximately $967 per $1,000 face; original issue price was 100% with an underwriting discount of 2.25%. Notes are unsecured obligations subject to issuer and guarantor credit risk and to index methodology, SOFR-based borrowing-cost adjustments, market-disruption and successor-index provisions.

GS Finance Corp. is offering contingent quarterly coupon, autocallable medium-term notes linked to Marvell Technology, Inc. common stock ("MRVL"). The notes pay a quarterly contingent coupon of $77 per $1,000 face amount if the underlier closes at or above 60% of the initial level on an observation date and are automatically called 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 depends on the final underlier level: investors receive $1,000 if the final level is at or above a 60% trigger buffer or a pro rata cash amount (which could be zero) if below, exposing holders to possible total loss of principal. The notes are senior unsecured obligations of GS Finance Corp., unlisted, fully guaranteed by The Goldman Sachs Group, Inc., and subject to issuer/guarantor credit risk, model valuation discounts, limited liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. priced a prospectus supplement for an auto-callable, principal‑at‑risk note guaranteed by The Goldman Sachs Group, Inc. The notes are linked to an equally weighted basket of 10 stocks, have a 125.00% leverage factor and an 80.00% downside threshold.

If the basket is at or above the initial value on the call observation date, holders will receive at least $1,220.00 per $1,000 principal and the notes will be automatically called; if not called, maturity is expected on June 5, 2028 with payoffs that can range from leveraged upside to a full loss of principal depending on final basket performance. Pricing is expected on or about May 15, 2026 and original issue date on May 20, 2026.

GS Finance Corp. offers $739,000 aggregate face amount of callable Dow Jones Industrial Average Futures Excess Return Index‑linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest, have an initial underlier level of 527.965, and pay at maturity an indexed cash settlement that uses a 235% upside participation rate with an 80% buffer.

Holders receive for each $1,000 face amount either (a) $1,000 plus 2.35 times the percentage index 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 payment if the final level is below 80% of the initial level. The issuer may redeem the notes on specified monthly call payment dates beginning May 2027 at capped call premiums. The estimated value on the trade date was approximately $962 per $1,000 face amount.

GS Finance Corp. is offering leveraged buffered notes linked to the EURO STOXX 50® Index that mature in May 29, 2031. For each $1,000 face amount, payment at maturity depends on the index return: positive participation at an upside participation rate (at least 152.7%), full return of principal if the final level is within the 20% buffer, and pro rata losses if the final level falls more than 20% below the initial level. The notes pay no interest, are senior debt of GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc. The tax treatment is uncertain and the notes are subject to issuer and guarantor credit risk.

GS Finance Corp. priced Market Linked Securities (Medium-Term Notes, Series F) linked to the S&P 500® Index. The securities have a $1,000 face amount, original offering price of $1,000 and maximum maturity payment of $1,231 reflecting a 23.10% contingent fixed return. They mature on November 2, 2028 (calculation day October 30, 2028) and include a 10% buffer: declines up to 10% preserve principal; larger declines produce 1-to-1 losses (investors may lose up to 90% of face amount). All payments are subject to issuer/guarantor credit risk and there is no periodic interest or dividends.

GS Finance Corp. priced contingent monthly coupon notes (face amount $4,078,000) that pay monthly coupons of $10.209 per $1,000 if each underlier is >= 70% of its initial level on observation dates. If not redeemed, maturity payout depends on the lesser performing underlier, capped at $1,000 per $1,000 and potentially resulting in a total loss of principal. The issuer may redeem notes on coupon payment dates beginning August 2026. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry underwriting costs (0.725%) reflected in the issue price of 100%.

The pricing supplement offers Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Advanced Micro Devices, Inc. Expected pricing is on or about May 8, 2026 with an original issue date of May 13, 2026 and a stated maturity date of May 11, 2029. Each $1,000 security may pay a contingent quarterly coupon (product of at least $42.5 times observed dates less prior coupons) only if the underlying stock closing price on coupon observation dates is greater than or equal to the downside threshold, which equals 50.00% of the initial share price. Securities are auto‑callable if the closing price on any call observation date is greater than or equal to the initial share price; if not called, payment at maturity is $1,000 if final share price is at or above the downside threshold, or $1,000 × (final share price/initial share price) if below, exposing principal to loss. Estimated value range is $905 to $965 per security; underwriting discount is 2.25%.

GS Finance Corp. is offering auto-callable, market-linked medium-term notes due May 7, 2027 linked to the Class A common stock of Oklo Inc. The notes have a $1,000 face amount per security, a contingent monthly coupon (at least $35 per $1,000, or 42.00% per annum) and an automatic-call feature beginning November 2026. Whether coupons are paid, whether the notes are called, and whether investors receive principal at maturity depends on monthly calculation-day closing prices relative to a starting price; both the coupon threshold and downside threshold equal 60% of the starting price. The estimated model value at pricing is between $900 and $930 per $1,000 face amount; the original offering price is $1,000, and underwriting discounts reduce proceeds to issuer to $984.25 per security.

GS Finance Corp. is offering S&P 500® Index‑Linked Notes due May 31, 2030, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and pays at maturity either the face amount (if the underlier return is zero or negative) or $1,000 × the underlier return up to a maximum settlement amount of at least $1,278. The trade date is May 26, 2026 with original issue date May 29, 2026 and a determination date of May 28, 2030. The notes do not pay interest and will be cash‑settled based on the S&P 500® Index closing level. Investors bear credit risk of the issuer and guarantor, potential limited secondary‑market liquidity, and current tax treatment as contingent payment debt instruments.

GS Finance Corp. priced S&P 500® Absolute Return Trigger notes, guaranteed by The Goldman Sachs Group, Inc. The notes are zero-coupon, $1,000 face amount instruments linked to the S&P 500 return measured from the expected trade date May 29, 2026 to the expected determination date May 30, 2028, with an expected stated maturity of June 2, 2028. If the final index level is outside the barrier range (below 80% or above 120% of the initial level), a barrier event occurs and holders receive a contingent return of at least 6% (at least $1,060 per $1,000). If no barrier event occurs, holders receive $1,000 plus $1,000 times the absolute underlier return, capped at 20% (maximum $1,200 per $1,000). The issuer discloses an estimated note value at pricing between $925 and $965 per $1,000 face amount and warns of issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering $Autocallable Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices and pay no interest. The notes include an automatic call feature: if each underlier's closing level on the call observation date is at or above its initial level, the issuer will pay at least $1,130 for each $1,000 face amount on the call payment date.

If not called, the maturity cash settlement depends solely on the lesser performing underlier. The notes feature a 200% upside participation rate; a 15% buffer (buffer level at 85% of initial) and a buffer rate of 100% that determine losses if the lesser underlier falls below the buffer. Key dates: trade date May 29, 2026, original issue date June 3, 2026, call observation date June 1, 2027, determination date May 30, 2028, stated maturity June 6, 2028.

GS Finance Corp. is offering Digital S&P 500® Index-Linked Notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement per $1,000 face amount at maturity tied to the S&P 500 performance from the trade date to the determination date.

If the final underlier level is ≥ the trigger buffer level (85% of the initial level), holders receive a capped maximum settlement amount of at least $1,194 per $1,000. If the final underlier level is below the trigger buffer level, the holder loses 1% of face amount for each 1% decline below the initial level and may lose the entire investment. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering S&P 500® Index‑Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, does not bear interest, and will pay at maturity either the face amount or a cash settlement tied to the S&P 500 return, capped at a maximum settlement amount of at least $1,217 per $1,000 face. The trade date is May 14, 2026, original issue date May 19, 2026, and the determination date is May 14, 2029. The notes are senior debt issued under the GSFC 2008 indenture and priced at 100% of face with a 2% underwriting discount.

The pricing supplement describes an offering of Contingent Income Buffered Auto‑Callable Securities issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Pfizer Inc. (initial share price $26.70). The notes have a stated principal of $1,000, an expected original issue date of May 6, 2026 and an expected maturity date of May 6, 2027. Investors may receive a contingent monthly coupon only when the underlying stock closes at or above a buffer price equal to 85.00% of the initial share price. The securities are automatically called if the underlying stock closes at or above the initial share price on any call observation date, in which case holders receive principal plus any then‑due coupon. If not called and the final share price is below the buffer, holders face downside exposure equal to approximately 1.1765% of principal for each 1% decline beyond the buffer, and do not participate in upside beyond principal. Estimated value per $1,000 is shown as $935 to $995 on the pricing supplement.

GS Finance Corp. prices index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes (CUSIP 40059DLC9) are non‑interest bearing, reference the S&P 500® and Russell 2000® indices, and pay at maturity based on the lesser performing index return measured from an expected trade date of May 29, 2026 to an expected determination date of May 30, 2028.

Key economic terms: an upside participation rate of at least 110%, estimated value at pricing of $925–$965 per $1,000 face amount, expected original issue date June 3, 2026, and expected stated maturity June 2, 2028. The notes expose holders to issuer and guarantor credit risk and may deliver less than 75% of face amount if the lesser performing index falls below a 75% trigger buffer.

GS Finance Corp. offers leveraged S&P MidCap 400® index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement per $1,000 face amount at maturity based on the S&P MidCap 400® performance from the trade date to the determination date.

Key disclosed economics: an upside participation rate of 120%, a maximum settlement amount of at least $2,450 per $1,000 face, and a trigger buffer level equal to 70% of the initial index level (30% buffer). Trade date is May 13, 2026, original issue date May 18, 2026, determination date May 13, 2031, and stated maturity date May 16, 2031. Terms are subject to adjustment as described in the general terms supplement.

GS Finance Corp. is offering autocallable S&P 500® Index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date and return cash based on S&P 500 performance. If automatically called, holders receive $1,112.90 per $1,000 face amount on the call payment date. At maturity, cash settlement depends on the final underlier level: gains above the initial level participate at 150%, levels at or above an 80% trigger buffer preserve principal, and levels below the 80% buffer cause losses tied to the underlier return. The notes carry issuer and guarantor credit risk, limited secondary‑market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. offers underlier-linked notes due 2029 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a cash settlement at maturity tied to the lesser performing underlier between the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF.

The notes carry no periodic interest. Key terms include an upside participation rate of 191%, a trigger buffer level of 70%, a trade date of May 8, 2026, an original issue date of May 13, 2026, and a stated maturity date of May 11, 2029. If the lesser performing underlier closes below its trigger buffer level, investors lose an amount equal to the lesser performing underlier return times $1,000 and could lose their entire investment.

GS Finance Corp. is offering leveraged buffered notes tied to the S&P 500® Futures Excess Return Index due in May 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and pays no interest.

At maturity the cash payment depends on the underlier return: if final level ≥ initial level, you receive the upside participation rate (at least 120%) times the underlier return; if the final level is below the initial level but ≥ the buffer level (80%), you receive the absolute underlier loss as a positive return; if the final level is below the buffer level, you suffer losses proportionate to the decline below the buffer and could lose a substantial portion of your investment.

GS Finance Corp. is offering autocallable index-linked notes guaranteed by The Goldman Sachs Group, Inc. linked to the Nasdaq-100 Index® and the S&P 500® Index. The notes do not bear interest, may be automatically called on a single call observation date, and pay a capped call amount of $1,120 per $1,000 face amount if called.

The cash settlement at maturity depends on the performance of the lesser performing index versus its initial level, with an upside participation rate of 150%, a 70% trigger buffer, an estimated value at trade date between $925 and $955 per $1,000, and key dates set on the trade date (expected to be May 6, 2026).

This pricing supplement describes callable, non‑interest bearing structured notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with returns linked to two ETFs: the iShares MSCI EAFE ETF and the VanEck Gold Miners ETF. Trade date is expected to be May 15, 2026 and stated maturity is expected to be November 20, 2029. Notes may be automatically called beginning on the first call observation date (September 15, 2026) if both ETFs close at or above their initial levels; call payments are face amount plus a call premium. At maturity, if not called, payouts depend on the lesser performing ETF versus its initial level with a trigger buffer at 70% and a capped maturity premium of 64.7514%. Estimated value on the trade date is $915–$965 per $1,000 face amount. Holders bear credit risk of the issuer and guarantor and may lose a substantial portion or all of principal; tax treatment is uncertain.

GS Finance Corp. is offering autocallable, index-linked notes due 2033 guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5) and include annual automatic call features with rising call levels and capped call premiums. The notes have an upside participation rate of 100%, a trade date of May 26, 2026, an original issue date of May 29, 2026, and a stated maturity of May 27, 2033. GS&Co.’s estimated value on the trade date is $850 to $890 per $1,000 face amount, below the original issue price. The index methodology uses daily rebalancing, a 5% realized volatility control, a momentum risk control adjustment, and a 0.65% per annum deduction, which can shift exposure to hypothetical cash positions and materially affect index performance and note payoffs.

GS Finance Corp. is offering leveraged buffered notes tied to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, do not pay interest, and settle in cash at maturity based on the underlier's performance.

Key economics: an upside participation rate of at least 111.5%, a 15% buffer (buffer level = 85% of the initial underlier level), a trade date of May 26, 2026, original issue date May 29, 2026, and a stated maturity of November 30, 2028. If the final underlier is below the buffer level, investors lose per-dollar exposure tied to the underlier decline; if the final underlier is within the buffer decline, the payoff uses the absolute underlier return.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2030, with payments at maturity based on the S&P 500 performance from the trade date to the determination date. For each $1,000 face amount, holders receive $1,000 if the final index level is equal to or below the initial level; if the index rises, holders receive $1,000 plus the index return subject to a maximum settlement amount of $1,285. The trade date is May 26, 2026, original issue date May 29, 2026, determination date February 26, 2030 and stated maturity March 1, 2030. The notes pay no periodic interest, are cash-settled, are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp. offers S&P 500® Index-Linked Notes due 2031 (guaranteed by The Goldman Sachs Group, Inc.). For each $1,000 face amount, holders receive either the face amount at maturity if the underlier return is zero or negative, or $1,000 + ($1,000 × underlier return) subject to a maximum settlement amount of $1,482.50.

Key dated terms: trade date May 26, 2026, original issue date May 29, 2026, determination date May 27, 2031, and stated maturity date May 30, 2031. The notes pay no interest and will be settled in cash based on the S&P 500® Index closing level on the determination date.

GS Finance Corp. offers autocallable Nasdaq-100 Index®-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date for a capped cash payment of $1,082.50 per $1,000 face amount, and otherwise pay at maturity based on Nasdaq-100 performance with a 125% upside participation and a 15% buffer (85% buffer level). The notes expose investors to credit risk of the issuer and guarantor and to potentially large principal losses if the final index level is below the buffer; tax treatment and market liquidity are uncertain.

The issuer, GS Finance Corp., is offering Goldman Sachs Momentum Builder® Focus ER index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay, at maturity, either the face amount ($1,000) or $1,000 plus the upside participation rate times the index return if the final index level exceeds the initial index level. The pricing supplement sets the trade date as May 26, 2026, original issue date May 29, 2026, determination date May 29, 2029 and stated maturity date June 1, 2029. The index referenced is the GSMBFC5 Index, which measures a rebalanced base index subject to a 5% realized volatility control and a deduction of 0.65% per annum (accruing daily). The upside participation rate is stated as at least 390%. Investors remain exposed to issuer/guarantor credit risk, indexing methodology, substantial potential allocation to hypothetical cash positions, and limited secondary market liquidity.

GS Finance Corp. is offering $1,000 face‑amount index‑linked notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends solely on the lesser performing underlier (Russell 2000 and S&P 500). If both underliers finish at or above their initial levels, each $1,000 note will pay up to a maximum settlement amount of $1,142.50; if any underlier returns negative, holders receive the face amount only. The notes pay no periodic interest, are subject to issuer and guarantor credit risk, have limited upside due to the cap, and may lack an active secondary market.

The issuer GS Finance Corp. is offering structured notes (CUSIP: 40059DNL7) tied to two energy ETFs, with a trade date expected to be May 13, 2026 and an expected stated maturity date of November 18, 2027. Monthly coupons of $8.75 per $1,000 (0.875% monthly; up to 10.5% annualized) will be paid only if both ETFs close at or above 70% of their initial levels on an observation date. Notes will be automatically called if both ETFs equal or exceed their initial levels on a call observation date; otherwise the maturity payout is based on the lesser performing ETF, with full principal preserved only if each final ETF level is >= 70%. Estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments depend on the issuer’s and guarantor’s creditworthiness and complex observation, disruption and successor-underlier rules.

GS Finance Corp. is offering Buffered S&P 500® Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes return at maturity depends on the S&P 500 performance from the trade date to the determination date and include a 20% buffer and a maximum upside settlement amount.

The notes pay no interest; for each $1,000 face amount the cash settlement at maturity is calculated using the underlier return, the 80% buffer level, and a capped upside (at least $1,187.50 per $1,000). The trade date is May 29, 2026, original issue date June 4, 2026, determination date May 30, 2028, and stated maturity June 2, 2028. The notes are subject to issuer and guarantor credit risk, limited upside, potential substantial loss if the underlier falls below the buffer, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Buffered S&P 500® Index-Linked Notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return is linked to the S&P 500 Index performance from the trade date to the determination date.

Key economic terms expected: $1,000 face amount per note, a 10% buffer (buffer level 90% of initial underlier), a buffer rate of 100%, and a maximum settlement amount of at least $1,974 per $1,000 face amount. Trade date is May 26, 2026, original issue date May 29, 2026, determination date May 27, 2031, and stated maturity May 30, 2031. Investors bear issuer/guarantor credit risk and could lose a substantial portion of principal if the final underlier level falls below the buffer level.

GS Finance Corp. offers Buffer Autocallable GEARS linked to the S&P 500®, guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date expected May 13, 2026, original issue date May 15, 2026, a call observation date expected on May 20, 2027, and a stated maturity date expected on May 15, 2029. Payments depend on the S&P 500® closing levels on the call observation and determination dates; the notes include a 10.00% buffer up to a 90.00% downside threshold, an upside gearing expected between 1.3235 and 1.5235, and a 9.00% call return if automatically called. Investors may lose a substantial portion of principal (up to 90.00%) and take credit risk on GS Finance Corp. and The Goldman Sachs Group, Inc.

The pricing supplement offers Buffered S&P 500® Index-Linked Notes due 2031 issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays a cash amount at maturity tied to the S&P 500® performance from the trade date to the determination date, subject to a 20% buffer (buffer level 80%) and a capped maximum settlement amount of $3,050. The trade date is May 13, 2026 with an original issue date of May 18, 2026, determination date May 13, 2031, and stated maturity May 16, 2031. If the final underlier level is above the initial level, holders participate up to the cap; if the final level is >=80% of the initial level, principal is returned; if below 80%, losses occur proportional to the decline after the buffer. Notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an upside participation rate of 100%. The notes pay no interest and may be automatically called.

If each underlier is at or above its initial level on the call observation date (May 6, 2027), the notes will be called and pay $1,107.50 per $1,000 on the call payment date. If not called, the cash settlement at maturity (determination date May 6, 2031; stated maturity May 9, 2031) depends solely on the lesser performing underlier, with principal returned if that underlier’s return is zero or negative.

The issuer, GS Finance Corp., is offering S&P 500® index-linked notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000, does not bear interest, and will pay at maturity either the face amount or a cash payment tied to the S&P 500 return, capped at a maximum settlement amount of $1,195 per $1,000 face amount. Key dates set in the terms include a trade date of May 26, 2026, an original issue date of May 29, 2026, a determination date of February 26, 2029, and a stated maturity date of March 1, 2029. The notes are subject to issuer and guarantor credit risk, limited upside because of the cap, no interest payments, and tax rules that treat the notes as contingent payment debt instruments.

GS Finance Corp. is offering leveraged callable notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount per note of $1,000, an upside participation rate of 150%, an expected trade date of May 26, 2026, original issue date expected May 29, 2026 and an expected stated maturity of May 29, 2031. The issuer may redeem the notes on monthly call payment dates beginning June 1, 2027 through April 29, 2031 for the face amount plus a specified call premium (first call premium at least 12%). The estimated model value at pricing is between $885 and $935 per $1,000 face amount; the notes do not pay interest and are subject to issuer and guarantor credit risk.