Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. is selling index-linked notes tied to the lesser performing of the Russell 2000® and S&P 500® indices. Each note has a $1,000 face amount, an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026 and an expected stated maturity of June 1, 2029. The notes pay no interest; the payoff at maturity uses the lesser performing index return, an upside participation rate of at least 105%, and a 15% buffer (buffer level = 85% of initial level). Estimated value at pricing is $925–$965 per $1,000 face. Holders are exposed to issuer and guarantor credit risk and may lose a substantial portion of principal if the lesser performing index falls below its buffer level.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index-linked notes due May 30, 2031, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity either the face amount or $1,000 plus the upside participation rate times the underlier return. The underlier is the S&P 500® Futures Excess Return Index (E-mini S&P 500 futures exposure). The upside participation rate is set at at least 121%. Notes pay no interest and are cash-settled; final payment depends on the closing underlier level on the determination date May 27, 2031. These notes are subject to issuer and guarantor credit risk, model/pricing discounts at issuance, negative roll yields for futures, market-disruption provisions, limited secondary-market liquidity, and complex U.S. tax rules treating the notes as contingent-payment debt instruments.

GS Finance Corp. is offering index-linked notes due May 18, 2028 guaranteed by The Goldman Sachs Group, Inc. The cash payoff at maturity is based on the lesser performing of the Russell 2000® and the S&P 500® from the trade date to the determination date, with a cap at $1,197.50 per $1,000 and a minimum settlement amount of $950. The estimated initial model value is $925–$955 per $1,000 face amount; notes pay no periodic interest and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. intends to issue callable fixed-rate notes bearing interest at 5.00% per annum, expected to be issued on May 12, 2026 and maturing on May 12, 2031. Interest is payable semiannually on May 12 and November 12, with the first payment expected November 12, 2026.

The notes are callable in whole, not in part, on scheduled quarterly redemption dates beginning on or after May 12, 2027 (each Feb. 12, May 12, Aug. 12, Nov. 12) at 100% of principal plus accrued interest, with at least five business days' prior notice. Settlement is expected in New York on May 12, 2026.

GS Finance Corp. is offering principal-protected notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER, with an expected trade date of May 6, 2026, original issue date expected May 11, 2026 and stated maturity expected May 13, 2031. Notes pay a quarterly coupon only if the index closing level on a coupon observation date is ≥ 55% of the initial underlier level, are subject to automatic call if the index is ≥ 86% on any call observation date (first call window begins February 2027), and at maturity pay an amount tied to the underlier return. The index applies daily leverage (up to 500%) and a fixed 4.0% per annum daily decrement, and the estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. offers S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount. Payment at maturity depends on the S&P 500 return from the trade date to the determination date: you receive $1,000 if the underlier return is zero or negative; if positive you receive $1,000 plus the underlier return capped at a maximum settlement amount of $1,187 per $1,000 face. Key dates include trade date May 5, 2026, original issue date May 8, 2026, determination date February 5, 2029, and stated maturity date February 8, 2029. The notes pay no interest, are subject to issuer and guarantor credit risk, may have limited secondary-market liquidity, and are treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $1,000-face autocallable equity-linked notes due May 15, 2031. The notes reference Amazon (AMZN), Broadcom (AVGO) and Alphabet Class C (GOOG) and pay no interest.

If the notes are automatically called on the call payment date, holders receive $1,308.50 per $1,000 face amount. If not called, the cash payment at maturity depends solely on the lesser performing underlier: with a 100% upside participation rate the notes pay $1,000 plus the lesser performing underlier return when that return is positive, and otherwise return the $1,000 face amount.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount payoff at maturity tied to the S&P 500 Futures Excess Return Index, with an upside participation rate of 120% and a 30% buffer (buffer level 70%). Trade date is May 12, 2026, original issue date May 15, 2026, determination date October 12, 2029 and stated maturity October 17, 2029. Notes pay no interest, are cash‑settled, and expose holders to issuer/guarantor credit risk and futures‑specific risks including negative roll yields; holders may lose a substantial portion of principal if the final underlier level is below the buffer.

GS Finance Corp. issued a pricing supplement for index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes are non‑interest bearing and repay at maturity based on the lesser performing of the Russell 2000® and the S&P 500® measured from the trade date (expected May 29, 2026) to the determination date (expected June 29, 2027), with a stated maturity expected July 2, 2027. The notes include a 10% buffer (buffer level = 90% of initial underlier level) and an upside participation rate set on the trade date of at least 100%. The estimated value on the trade date is between $925 and $965 per $1,000 face amount, implying an original issue price in excess of estimated value. The final cash payment is determined solely by the lesser performing underlier and may result in a substantial loss of principal; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. offers leveraged buffered S&P 500® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity based on the S&P 500 performance from the trade date (May 29, 2026) to the determination date (May 29, 2031), with a stated maturity of June 3, 2031.

Key terms: each note has a $1,000 face amount, an upside participation rate of at least 102%, a buffer level at 85% of the initial underlier level (a 15% buffer amount) and a buffer rate of 100%. If the final underlier level is below the buffer level, investors lose principal proportionally; the notes pay no interest.

GS Finance Corp. is offering index-linked notes linked to the lesser performing of the Russell 2000® and the S&P 500®. The notes are expected to trade on May 26, 2026, have an original issue date of May 29, 2026 and an expected stated maturity of July 1, 2027.

For each $1,000 face amount at maturity the payment depends on the lesser performing underlier return, subject to a 10% buffer and a $1,180 maximum settlement amount. If the lesser performing index falls below 90% of its initial level, losses occur below face amount; estimated model value on the trade date is between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering $1,000 face-amount autocallable contingent coupon index-linked notes due May 6, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent quarterly coupon of $30 per $1,000 (3% quarterly, up to 12.00% per annum) only if each underlier on the coupon observation date is at or above 70% of its initial level. The notes are automatically called if, on any call observation date, each underlier is at or above its initial level; if not called, maturity payoff is tied to the lesser performing underlier and can result in a total loss of principal. Pricing models value the notes below original issue price; buyers bear issuer and guarantor credit risk and limited liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑at‑risk, autocallable notes linked to the Russell 2000®, the S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have an expected trade date of May 6, 2026 and an expected stated maturity of May 9, 2030, with monthly coupon observation dates and monthly coupons of $8.709 per $1,000 (0.8709% monthly, ~10.45% annually) payable only if each underlier is >= 70% of its initial level on the observation date. If any underlier falls below 65% of its initial level at maturity, investors suffer proportional principal loss based on the worst‑performing underlier. Estimated value on the trade date is stated as $905–$945 per $1,000.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and, at maturity, return for each $1,000 face amount either $1,000 or $1,000 plus the upside participation rate times the underlier return, depending on whether the final underlier level exceeds the initial underlier level. The underlier is the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures-based). The upside participation rate is stated as at least 121.3%. Trade date, original issue date, determination date and stated maturity are set in the supplement and may be adjusted "subject to adjustment as described in the accompanying general terms supplement."

GS Finance Corp. is offering $1,000-face autocallable contingent coupon index-linked notes due May 10, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $9.25 per $1,000 (0.925% monthly; up to 11.10% per annum) if each underlier meets a 70% coupon trigger on observation dates and will be automatically called if all three underliers equal or exceed their initial levels on any call observation date. At maturity (if not called), the cash settlement for each $1,000 face amount is $1,000 if the final level of the lesser performing underlier is at or above 70% of its initial level; otherwise the settlement equals $1,000 plus $1,000 times the lesser performing underlier return, which can result in a total loss of principal. Trade date is May 5, 2026 and original issue date is May 8, 2026. The underliers are the Nasdaq-100, Russell 2000 and S&P 500 indices, and Goldman Sachs & Co. LLC is calculation agent. Pricing models show the original issue price exceeds the estimated model value; the notes carry issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering digital S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note and pay a cash settlement at maturity based on the underlier's performance from the trade date to the determination date. If the final underlier level is >= the initial level, investors receive at least a $1,500 threshold settlement amount or $1,000 plus the underlier return. If the final level declines but stays ≥70% of the initial level, the note pays absolute underlier return (a positive return even when the underlier fell). If the final level falls below 70% of the initial level, investors suffer losses equal to the underlier return times $1,000 and may lose their entire investment. Trade date is May 26, 2026 with original issue date May 29, 2026, determination date May 27, 2031 and stated maturity May 30, 2031. The notes do not bear interest; payments are cash settled and subject to issuer/guarantor credit risk. Pricing models indicate the original issue price exceeds the models' estimated value, reflecting underwriting costs and fees.

GS Finance Corp. is offering leveraged notes linked to the S&P 500 Futures Excess Return Index with a stated maturity of June 3, 2031. For each $1,000 face amount, investors will receive either $1,000 or $1,000 plus $1,000 × the upside participation rate × the underlier return, depending on performance on the determination date. The upside participation rate is set at at least 134%. The notes do not pay interest, are cash-settled, and are fully guaranteed by The Goldman Sachs Group, Inc. Trade date is May 29, 2026, original issue date is June 3, 2026, and the determination date is May 29, 2031. The underlier tracks E-mini S&P 500 futures, not the S&P 500 Index, and is subject to roll yield and financing-cost effects. The notes are subject to issuer and guarantor credit risk, potential limited secondary-market liquidity, market-disruption adjustments, and special U.S. federal income tax rules for contingent payment debt instruments.

GS Finance Corp. offers 0% medium-term notes linked to a 15-stock equally weighted basket, guaranteed by The Goldman Sachs Group, Inc. The notes have an initial basket level of 100, an upside participation rate of 300% subject to a cap level of ~107.583% and a maximum settlement amount of $1,227.50 per $1,000 face amount. The notes mature on or about June 10, 2027 and measure performance from a trade date expected to be May 5, 2026 to a determination date expected to be June 7, 2027. If the final basket level is below 75% of the initial level, investors suffer a pro rata loss; the estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent automatic-call notes linked to the shares of Robinhood Markets, NVIDIA and Alphabet. The notes may be automatically called on April 28, 2027 for a capped cash payment of $1,650 per $1,000 face amount. If not called, the maturity payment on May 3, 2029 depends solely on the performance of the lesser performing index stock, with a 250% upside participation if all three stocks finish above their initial prices, a 70% buffer that can convert negative returns into positive payments within the buffer, and potential substantial principal loss if the lesser performer falls below the buffer. Initial issue price equals face amount; estimated value at pricing was about $970 per $1,000 face amount. Payments are subject to the issuer’s and guarantor’s credit risk and to adjustment rules for corporate events.

GS Finance Corp. is offering S&P 500® Index-linked notes due June 3, 2027, in an original aggregate face amount of $621,000 (may be increased at the issuer's option). The notes pay no interest and return at maturity depends on the S&P 500 performance measured from the trade date April 28, 2026 to the determination date May 28, 2027. For each $1,000 face amount, the payout is capped at a maximum settlement amount of $1,082 (cap level 108.2%) and protected on the downside by a minimum settlement amount of $950. The initial underlier level is 7,138.80. The issue price is 100% of face amount, underwriting discount 0.75%, and the estimated value on the trade date is approximately $985 per $1,000 face amount. Payments are unsecured obligations of the issuer and guaranteed by The Goldman Sachs Group, Inc., so credit risk of both entities applies.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to Chewy, Inc. common stock (CHWY UN). Each $1,000 face amount note pays a capped cash settlement at maturity: $1,370 if the final underlier level is at or above a 70% trigger buffer; otherwise holders lose 1% of face for each 1% decline below the initial level and could lose their entire investment.

The notes were priced on April 28, 2026, issued May 1, 2026, with a determination date of October 28, 2027 and stated maturity November 2, 2027. The original issue price equals 100% of face and GS&Co. is the calculation agent and expected market‑maker; underwriting discount is 2%.

The pricing supplement describes Contingent Income Buffered Auto-Callable Securities issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Alphabet Inc. The offering aggregates $12,000,000 and has a stated principal of $1,000 per security.

Holders may receive contingent monthly coupons only if the underlying stock closes at or above a buffer price (80.00% of the initial share price of $350.34) on coupon observation dates. The notes are automatically called if the underlying closes at or above the initial share price on any call observation date. At maturity, if not called and the final share price is below the buffer, investors lose 1.25% of principal for every 1% decline beyond the buffer; investors do not participate in upside appreciation. Estimated value at pricing was approximately $997 per $1,000 principal.

GS Finance Corp. is offering capped, buffer-structured notes linked to the S&P 500® Index. The notes pay no interest and return at maturity depends on the S&P 500 closing level from the trade date to the determination date. If the final level is at or above the initial level, holders receive the underlier return up to a maximum cash payment of $1,232 per $1,000 face amount. If the final level declines but not more than the 15% buffer, holders receive the absolute value of the underlier decline as a positive return. If the final level falls below the 85% buffer level, investors incur losses proportional to the decline and could lose a substantial portion of principal. The offering lists an aggregate face amount of $50,000, original issue price of 100% of face amount, and is fully guaranteed by The Goldman Sachs Group, Inc.

Key dates: trade date April 28, 2026, original issue date May 1, 2026, determination date April 20, 2028, stated maturity date April 25, 2028. Investors bear issuer and guarantor credit risk and should review tax and liquidity risks described herein.

GS Finance Corp. offers $4,000,000 of Contingent Income Auto-Callable Securities backed by a guarantee from The Goldman Sachs Group, Inc. The securities are unsecured, $1,000 principal amount notes linked to the worst-performing share performance of Lockheed Martin Corporation and Northrop Grumman Corporation, mature November 2, 2028, and may be automatically called on scheduled observation dates beginning July 28, 2026. Coupon payments of $40.00 per $1,000 are paid only if both underlyings trade at or above 75.00% of their initial share prices on coupon determination dates; otherwise no coupon is paid. If not called, maturity repayment is $1,000 plus a final coupon when both final share prices are at or above their downside thresholds, or otherwise $1,000 multiplied by the worst-performing share performance factor, exposing holders to substantial or total principal loss.

GS Finance Corp. offers callable, principal‑at‑risk market‑linked notes backed by a guarantee from The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $8 per $1,000 face amount (0.8% monthly, 9.6% annualized) when each underlier is at or above 70% of its initial level, may be automatically called on observation dates beginning October 2026, and mature on May 1, 2031.

The payoff at maturity (if not called) depends on the worst‑performing underlier (Russell 2000 initial level 2,756.051, S&P 500 initial level 7,138.80, XLU initial level $46.25) with a downside buffer at 60% of initial levels; if any underlier falls below 60% of its initial level, principal is reduced pro rata to that underlier’s return. The estimated value at pricing was approximately $996 per $1,000 face amount; original issue price was 100% with a 0.5% underwriting discount.

GS Finance Corp. priced $12,000,000 of contingent income buffered auto-callable securities linked to Freeport-McMoRan Inc. The notes pay a contingent monthly coupon only when the underlying closes at or above a buffer price (70% of the initial share price) and may be automatically called if the stock closes at or above the initial share price on any call observation date. If not called, maturity payoff protects the first 30% decline but exposes investors to a downside factor of approximately 1.4286, meaning losses beyond the buffer reduce principal (payment mechanics defined per $1,000 stated principal). The securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., carry credit risk, and had an estimated model value of approximately $992 per security versus a 100.00% issue price.

GS Finance Corp. is offering principal-at-risk, cash-settled notes linked to an equally weighted basket of 15 global stocks. The notes have an initial basket level of 100, upside participation of 300% with a cap at ~108.667% and a maximum settlement of $1,260 per $1,000 face amount. The notes mature on June 10, 2027 (determination date expected June 7, 2027), trade date expected May 5, 2026, original issue date expected May 8, 2026. If the final basket level falls below the trigger buffer of 75%, holders suffer losses proportional to the basket return and may lose their entire investment. The estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount. Payment depends on closing prices on the determination date, is subject to anti-dilution and market disruption rules, and is credit‑dependent on GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity settlement depends on the S&P 500® Index performance versus a 90% buffer level. If the final underlier level is >= the buffer level, holders receive a capped maximum settlement amount of at least $1,145 per $1,000 face amount. If the final level is below the buffer level, holders lose 1% of face for each 1% the underlier falls below the buffer (subject to the buffer rate of 100% and a 10% buffer amount). Key dates shown include a trade date of May 26, 2026, original issue date of May 29, 2026, determination date of May 26, 2028, and stated maturity of June 1, 2028. The notes are unsecured senior debt under the GSFC 2008 indenture; investors bear credit risk of both GS Finance Corp. and The Goldman Sachs Group, Inc., market and liquidity risk, and tax treatment is uncertain.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2036. The notes pay interest at 5.50% per annum, expected original issue date May 12, 2026 and expected stated maturity May 12, 2036. Interest is expected semiannually on May 12 and November 12, with the first payment expected November 12, 2026.

The notes are callable in whole (but not in part) on scheduled redemption dates beginning on or after May 12, 2027 (each Feb 12, May 12, Aug 12 and Nov 12) at a redemption price of 100% of principal plus accrued interest, with at least five business days’ prior notice. The issue will settle through DTC and is offered initially by Goldman Sachs & Co. LLC.

The Goldman Sachs Group, Inc. is offering callable fixed-rate medium-term notes that pay interest at 4.70% per annum, expected to be issued on May 13, 2026 with an expected stated maturity of November 13, 2028. Interest is payable each May 13 and November 13 (first payment expected November 13, 2026).

The notes are issued in book-entry form as a master global note registered in the name of DTC, are callable in whole (but not in part) on scheduled quarterly redemption dates on or after November 13, 2026, and are subject to FATCA withholding and various jurisdictional distribution restrictions described in the pricing supplement.

GS Finance Corp. priced an autocallable, principal-at-risk note guaranteed by The Goldman Sachs Group, Inc., linked to the EURO STOXX 50® Index, the Dow Jones Industrial Average® and the State Street® Technology Select Sector SPDR® ETF. The notes pay a monthly coupon of $8.125 per $1,000 when each underlier is at or above 70% of its initial level on a coupon observation date and will be automatically called if all three underliers are at or above their initial levels on a call observation date. The notes mature on November 4, 2027 unless earlier called. At maturity (if not called) the cash payment is based on the lesser performing underlier: you receive $1,000 if every final underlier level is ≥70% of its initial level, receive only face amount with no coupon if all final underlier levels are between 65% and 70%, and may receive less than 65% of face amount if any final underlier level is below 65% (payment equals $1,000 × lesser performing underlier return). The estimated value on the trade date was approximately $977 per $1,000 face amount; original issue price was 100% with an underwriting discount of 2.225%.

GS Finance Corp. is offering callable buffered notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of May 26, 2026 and an expected stated maturity date of May 29, 2031. The notes pay no interest, feature a 20% buffer (buffer level = 80%) and a 160% upside participation rate on positive index returns. If the final index level is between 80% and 100% of the initial level, investors receive the absolute index loss as a positive return; if below 80%, losses apply and could materially reduce principal. The issuer may redeem on specified call payment dates at cash amounts defined by call premium amounts set on the trade date. The estimated model value on the trade date is between $885 and $935 per $1,000 face amount.

The pricing supplement describes market‑linked, non‑interest bearing notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $930,000. Payments depend on the performance of the lesser performing underlier among Alphabet Class C, Target and Tesla.

The notes feature annual automatic call windows (first call observation April 28, 2027) with graded call premiums (19.5% through 78%). If not called, maturity payoff is cash based on the lesser performing underlier return with a 100% upside participation rate; negative underlier returns can limit recovery to face amount.

GS Finance Corp. is offering structured, principal-at-risk notes (aggregate face amount $7,734,000) linked to the Nasdaq-100, Russell 2000 and S&P 500 that pay a contingent monthly coupon and are subject to an automatic call. Coupons (≤ 1.0959% monthly, ~13.15% per annum) are paid only if each underlier is at or above a 70% coupon trigger level on observation dates. If not called, the maturity payment depends solely on the lesser performing underlier; a final underlier below the 70% trigger buffer can result in significant principal loss, including loss of the entire investment. The notes mature on May 3, 2029 unless automatically called earlier; pricing supplement dated April 28, 2026.

The offered notes are principal‑at‑risk, equity‑linked notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with payoff tied to the lesser performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. For each $1,000 face amount, holders receive either a capped upside, the face amount, or a downside payoff that declines point‑for‑point below the trigger buffer. Key terms: Upside participation 300%, Maximum settlement $1,540, and a Trigger buffer 70%. The notes pay no interest and mature on January 3, 2029, with a determination date of December 28, 2028.

GS Finance Corp. priced $2,000,000 aggregate face amount of Buffered Digital Basket-Linked Notes due May 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are principal‑at‑risk, non‑interest bearing and settle in cash based on a weighted basket of five international indices measured from the trade date of April 28, 2026 to the determination date.

Key terms: initial basket level 100; threshold settlement amount $1,170 per $1,000 face; buffer level 90% (buffer rate approximately 111.11%); estimated value at pricing ~$976 per $1,000; original issue price 100%; underwriting discount 1.3%. The notes may lose principal and could result in the loss of your entire investment.

GS Finance Corp. is offering S&P 500® Index‑linked, non‑interest bearing notes maturing in 2028 and guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity either (a) if a barrier event has occurred, at least $1,035 per $1,000 face amount (a contingent return of 3.5%), or (b) if no barrier event has occurred, $1,000 plus $1,000 times the absolute index return, capped at $1,260 (a maximum return of 26%). The trade date is expected to be May 26, 2026 (original issue date expected May 29, 2026) and the stated maturity date is expected to be June 5, 2028. The notes have an estimated value at pricing between $925 and $965 per $1,000 face amount. Key mechanics include an upper barrier of 126% and lower barrier of 74% of the initial index level; a barrier event occurring on any trading day during the measurement period converts payout to the contingent return. The calculation agent is Goldman Sachs & Co. LLC and purchasers remain exposed to issuer/guarantor credit risk and market factors affecting secondary market pricing.

GS Finance Corp. offers autocallable, index-linked notes due 2033 guaranteed by The Goldman Sachs Group, Inc. The notes pay cash on maturity or an earlier automatic call tied to the Goldman Sachs Momentum Builder Focus ER Index, with an upside participation rate of 100% and annual call opportunities beginning 2027. The pricing supplement states an estimated value of $850 to $890 per $1,000 face amount on the trade date and discloses key mechanics: a 5% volatility control, a 0.65% per annum deduction applied in the index methodology, and specific call premium amounts for each call date. The notes do not pay interest, are subject to issuer/guarantor credit risk, may be allocated substantially to hypothetical cash positions, and can be redeemed in full on a call payment date if call conditions are met.

GS Finance Corp. priced equity index‑linked medium‑term notes (face amount $1,000 per security) due November 2, 2028, linked to an unequally weighted basket of five global indices. The notes have a 100% upside participation subject to a maximum return of 43.25% (maximum maturity payment $1,432.50) and a 15.00% buffer; losses above the buffer are 1‑for‑1 and investors may lose up to 85.00% of principal. The estimated value at pricing was approximately $960 per $1,000 face amount; original offering price was $1,000 with an underwriting discount of $25.75 and proceeds to issuer of $974.25 per security. Payments are unsecured and subject to issuer/guarantor credit risk.

GS Finance Corp. priced Market Linked Securities—auto-callable notes (face amount $1,000 per security) due May 3, 2029, linked to the lowest performing of the S&P 500®, Russell 2000® and EURO STOXX 50® indices. The securities pay no interest and may be automatically called on scheduled call dates for the face amount plus a fixed call premium that increases over time (15.00% on the first call up to 45.00% on the final call). If not called, maturity payment depends solely on the lowest performing index: investors receive full principal if that index is no more than 25.00% below its starting level, but suffer 1-to-1 downside below the threshold and may lose up to 100.00% of principal. The estimated value at pricing was approximately $956 per $1,000 face amount; original offering price was $1,000. Total proceeds to issuer shown: $3,990,528.

GS Finance Corp. is offering capped, S&P 500®-linked cash-settled notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; aggregate face amount sold in this tranche is $475,000. The notes pay no interest and mature in April 2028. If the S&P 500 closing level on the determination date exceeds the initial level, holders receive principal plus the underlier return per $1,000 not to exceed a $1,135 maximum settlement amount. If the final level is equal to or less than the initial level, holders receive only the $1,000 face amount. Key economics: original issue price 100% of face, underwriting discount 0.75%, net proceeds 99.25% of face. For U.S. federal income tax purposes the notes are treated as contingent payment debt instruments; the issuer’s determined comparable yield is 4.4542% per annum with a projected payment at maturity of $1,092.77 based on a $1,000 investment.

GS Finance Corp. offers $12,000,000 of autocallable contingent coupon index-linked notes due August 31, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $11.167 per $1,000 face amount (1.1167% monthly) if on a coupon observation date each underlier is ≥70% of its initial level, and will be automatically called if on any call observation date each index closes ≥ its initial level. At maturity (if not called), payoff depends on the lesser performing underlier with a 30% buffer and a buffer rate of approximately 142.86%, potentially resulting in substantial loss of principal.

GS Finance Corp. is offering medium-term, Russell 2000®-linked cash-settled notes due May 1, 2031, fully guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face amount pays no interest and at maturity will deliver either the face amount or a cash payment equal to $1,000 plus the underlier return capped at a maximum settlement amount of $1,500 per $1,000. The notes reference the Russell 2000® Index, use an initial underlier level of 2,756.051 (trade date April 28, 2026) and rely on the closing level on the determination date of April 28, 2031. Original issue price is 100% of face amount (underwriting discount 3.25%, net proceeds 96.75%), and GS&Co. is the calculation agent and initial purchaser. For U.S. tax purposes the notes are treated as contingent payment debt instruments with a stated comparable yield of 4.76% per annum and a projected payment at maturity of $1,269.43 per $1,000.

GS Finance Corp. priced medium-term notes linked to the S&P 500® Index that mature on May 1, 2031. Each $1,000 face note pays no interest and returns are determined by the S&P 500 closing level on the determination date of April 28, 2031. If the final underlier level is above the initial level you receive $1,000 plus the underlier return up to a maximum settlement amount of $1,907.50 per $1,000 face. If the final level is between 70% and 100% of the initial level you receive the $1,000 face amount. If the final level is below 70% of the initial level you suffer a proportional loss of principal (you could lose your entire investment). The notes were issued May 1, 2026 with an aggregate face amount of $1,067,000 and an underwriting discount of 4.1%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, index-linked medium-term notes with an aggregate face amount of $18,719,000. Each $1,000 note pays no periodic interest, participates 100% in positive index returns subject to a 0.65% p.a. index deduction, and may be automatically called on annual observation dates with capped call premiums. The estimated trade-date value was $903 per $1,000 face amount; the notes mature May 5, 2033 (determination date April 28, 2033) if not called.

GS Finance Corp. (notes guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, autocallable notes maturing April 28, 2031. The notes pay a monthly coupon of $11.667 per $1,000 face amount only when the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index closes at or above 60% of the initial underlier level on coupon observation dates. The notes are automatically called on quarterly call observation dates if the index closes at or above the initial underlier level; if not called, the maturity payout is linked to the index’s final performance against the initial underlier level (the initial underlier level is the lowest closing level during the observation period). The index applies daily leverage (up to 500%), a cap on daily leverage change (100%), and a 6% per annum daily decrement, and may be significantly uninvested on some days. The estimated value at pricing was approximately $943 per $1,000 face amount and the original issue price is 100% with a 1% underwriting discount.

The pricing supplement describes Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100®. Each security has a $1,000 stated principal amount, an expected original issue date of May 13, 2026 and an expected stated maturity date of May 11, 2028. Coupons are contingent quarterly (illustratively at least $25 if all indexes are >=70% of initial value); downside threshold = 70.00% of each index initial value. Securities may be automatically called on observation dates if each index >= initial index value. Estimated value range at pricing: $925–$985. Purchasers bear index downside risk, issuer/guarantor credit risk, limited upside (no participation in index appreciation) and tax uncertainty.

GS Finance Corp. offers EURO STOXX 50® Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the payment at maturity per $1,000 face amount depends on the EURO STOXX 50® performance: if the final level exceeds the initial level the holder receives $1,000 plus the upside participation (at least 115%) times the underlier return; if the final level is equal to or less than the initial level, the holder receives the face amount of $1,000. The trade date is May 26, 2026, original issue date May 29, 2026, determination date May 26, 2031, and stated maturity May 29, 2031. The notes are debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., subject to issuer and guarantor credit risk and special U.S. tax rules for contingent payment debt instruments.

GS Finance Corp. priced principal-protected structured notes linked to the Nasdaq-100 Index. The notes have a face amount of $1,000 per note (aggregate $127,000), an automatic call feature that pays $1,118 per $1,000 on the call payment date if the underlier on the call observation date is at or above the initial level, and no periodic interest.

If not called, the cash settlement at maturity on April 25, 2028 depends on the final underlier level: upside participation is 150%; a 15% buffer applies at a buffer level of 85%; downside outcomes can result in substantial principal loss (examples show losses up to 64%). Pricing shows an original issue price of 100% with a 0.75% underwriting discount.