Goldman Sachs Group Inc. 424B Filings

The Goldman Sachs Group, Inc. is offering fixed rate notes due 2033 under its Medium-Term Notes, Series N program. The notes are U.S. dollar denominated, pay 5.00% per annum interest semiannually, have a stated maturity date of May 16, 2033, and will be issued in denominations of $1,000. The trade date is May 13, 2026 and the original issue date is May 15, 2026. Interest uses a 30/360 (ISDA) day count convention and the notes will be issued in book-entry form as a master global note registered in the name of DTC. The notes will not be listed on any securities exchange.

GS Finance Corp. offers $1,000 face amount autocallable S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, can be automatically called on June 8, 2027 for a capped call payment of $1,100 per $1,000 if the underlier closing level is at or above the initial level. If not called, maturity payoff on June 1, 2028 depends on S&P 500 performance with an upside participation rate of at least 168%, an 85% buffer level and a buffer rate of approximately 117.65%. The notes are cash-settled, carry issuer and guarantor credit risk, and may result in total loss of principal if the final underlier level is low.

The Goldman Sachs Group, Inc. is offering fixed rate notes that pay interest at 4.1% per annum from the original issue date (expected May 15, 2026) to the stated maturity date (expected July 15, 2027). Interest is payable on expected dates Nov 15, 2026, May 15, 2027, and at maturity.

Sales will settle through DTC as a book-entry global note and the offering is subject to distribution, tax (including FATCA), and extensive jurisdictional selling restrictions described in the supplement.

GS Finance Corp. is offering leveraged EURO STOXX 50® index-linked notes due May 20, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes repay a cash amount per $1,000 face based on the EURO STOXX 50 performance from the trade date to the determination date.

Key economics: an upside participation rate of at least 150%; a trigger buffer level of 60% of the initial underlier level (a 40% trigger buffer amount). If the final level is at or above the initial level, holders receive $1,000 plus upside participation times the underlier return. If the final level is below the initial level but at or above the trigger buffer level, holders receive $1,000 plus the absolute underlier return. If the final level is below the trigger buffer level, losses equal the underlier return and investors could lose their entire investment. The notes pay no interest and carry issuer/guarantor credit risk. Trade date: May 15, 2026; original issue date: May 20, 2026; maturity: May 20, 2032.

GS Finance Corp. is offering Callable Contingent Coupon Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of at least $16.625 per $1,000 (1.6625% quarterly; up to 6.65% per annum) only if each underlier's closing level equals or exceeds its coupon trigger level (55% of its initial level) on each coupon observation date. The cash settlement at maturity (if not earlier redeemed) is based solely on the lesser performing underlier (Russell 2000 and S&P 500); if that underlier finishes below the 55% trigger buffer level you can lose a substantial portion or all of your investment. The issuer may redeem the notes on coupon payment dates beginning November 2026. Tax treatment is uncertain; FATCA and potential withholding for non-U.S. holders are discussed.

GS Finance Corp. offers $1,000 face‑amount autocallable contingent coupon index‑linked notes due May 20, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay contingent quarterly coupons (at least 2.25% per quarter) if each underlier meets a 70% coupon trigger and may be automatically called early if all underliers meet initial levels on a call observation date.

The payoff at maturity (if not called) is cash tied to the performance of the lesser performing underlier; a final underlier below 55% of its initial level exposes investors to loss of principal, potentially up to a complete loss of invested principal.

GS Finance Corp. is offering autocallable equity-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and is automatically called on the call payment date if each underlier closes at or above its initial level on the call observation date, in which case holders receive $1,280 per $1,000. If not called, the maturity payment depends solely on the lesser performing underlier (AMZN, NVDA, TSLA) with an upside participation rate of 125%. Trade date is May 8, 2026, original issue date May 13, 2026, call observation date May 10, 2027, determination date May 8, 2031, and stated maturity May 15, 2031. The notes pay no interest and are subject to issuer and guarantor credit risk, limited secondary-market liquidity, and U.S. federal tax rules for contingent payment debt instruments.

GS Finance Corp. is offering $ Buffered S&P 5004 Index-Linked Notes due June 1, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the maturity cash payment depends on the S&P 5004 performance from the trade date to the determination date.

Key economic terms: 100% original issue price, underwriting discount 1.5%, net proceeds 98.5%; a 25% buffer (buffer level = 75% of initial), buffer rate ~133.33%, and a maximum upside settlement amount of at least $1,162.50 per $1,000 face. If the final index level is below the buffer level, investors may lose a substantial portion or all of their investment.

GS Finance Corp. priced autocallable, index-linked notes due expected May 6, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called beginning on May 10, 2027 if each of the S&P 500, DJIA and Russell 2000 is ≥92% of its initial level, and at maturity pay amounts tied to the lesser performing underlier.

The notes: cap upside (maturity premium 50.004%), include a trigger buffer at 55%, expose holders to full issuer/guarantor credit risk, and have an estimated value on the trade date of $886–$926 per $1,000 face amount versus an original issue price of 100% of face.

GS Finance Corp. is offering callable Contingent Coupon Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and the S&P 500® indices and pay a contingent quarterly coupon of at least $20 per $1,000 (2% quarterly) only if each underlier's closing level is >= 55% of its initial level on the related observation date. The issuer may redeem the notes on coupon payment dates beginning November 2026 through February 2031. At maturity (May 20, 2031), if not redeemed, the cash settlement per $1,000 depends solely on the lesser performing underlier; a final level below the 55% trigger buffer can produce a significant loss, including total loss of principal.

GS Finance Corp. priced a primary offering of unsecured, principal-at-risk notes guaranteed by The Goldman Sachs Group, Inc. linked to the Russell 2000® Index. The notes are auto-callable on a call observation date and mature on the stated maturity date of June 5, 2028. Investors receive at least $1,142 per $1,000 if the index on the call observation date is greater than or equal to the initial index value; otherwise payoff at maturity depends on index performance with a 125.00% leverage factor for positive index returns and an 80.00% downside threshold. Estimated value at pricing is $905–$965 per $1,000; original issue price is 100.00% with a 2.50% underwriting discount.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-protected-but-risk-bearing structured notes linked to three underliers: the S&P 500® Index, the State Street® Consumer Staples Select Sector SPDR® ETF (XLP) and the iShares® Russell 2000 ETF (IWM). The notes have an expected trade date of April 30, 2026 and an expected stated maturity of May 5, 2031, but include automatic monthly call observation dates beginning in October 2026. Monthly coupons of $9.167 per $1,000 (0.9167% monthly, ~11% p.a. stated) are payable only if on a coupon observation date each underlier closes at or above 70% of its initial level. At maturity (if not called), repayment depends solely on the lesser performing underlier: if that underlier ends below 70% of its initial level you can suffer substantial principal loss (you could receive significantly less than the face amount, including near-total loss). The notes are unsecured obligations of the issuer and subject to issuer and guarantor credit risk. The pricing supplement discloses an estimated value range of $885–$925 per $1,000 face amount when terms are set.

GS Finance Corp. offers autocallable contingent coupon index‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq‑100, Russell 2000 and S&P 500 indices, pay a contingent monthly coupon of $7.375 per $1,000 (0.7375% monthly; up to 8.85% per annum) when each underlier is >= its coupon trigger (70% of initial). The notes are callable quarterly if each underlier is >= its initial level. Trade date is May 1, 2026, original issue date May 6, 2026, and stated maturity May 8, 2029. The cash settlement at maturity (if not called) is based solely on the performance of the lesser performing underlier and can result in a loss of up to the entire principal.

GS Finance Corp. is offering $1,000 face‑amount buffered S&P 500® Index‑linked notes due June 4, 2027, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the S&P 500 closing level from the initial level set on April 29, 2026 to the determination date. The notes include a 10% buffer (buffer level 90%), a 100% buffer rate, and a capped payout (maximum settlement amount) of $1,162.50 per $1,000 face amount. The trade date is April 30, 2026 and original issue date is May 5, 2026. These notes pay no interest, expose investors to issuer and guarantor credit risk, and may trade at prices materially different from face amount before maturity.

The Goldman Sachs Group, Inc. is offering fixed rate notes due May 16, 2033, with an interest rate set at 4.90% per annum. The notes are issued in $1,000 denominations, with a trade date of May 13, 2026 and an original issue date of May 15, 2026. Interest is payable semiannually on May 15 and November 15 (with the May 2033 payment falling on the maturity date). The notes will be issued in book-entry form as a master global note and will not be listed on any exchange. The pricing supplement supplements the February 14, 2025 prospectus and its prospectus supplement and discloses distribution, tax (including FATCA), and cross-border selling restrictions.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable index-linked notes due May 9, 2033 linked to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index). The notes carry a 100% upside participation rate and an automatic call feature if the index closes at or above 101% of the initial index level on annual call observation dates. Call premiums range from 9.10% in 2027 to 54.60% in 2032. The index applies a 0.65% per annum deduction and a 5% realized volatility control; the index may allocate materially to hypothetical cash positions, which can reduce returns. GS&Co. estimated the notes’ value on the trade date at $885 to $925 per $1,000 face amount. Trade date is April 30, 2026 and original issue date is May 5, 2026.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 15, 2046 under its Medium-Term Notes program. The notes are expected to bear interest at 5.50% per annum, pay interest annually each May 15, and will be issued in U.S. dollars in $1,000 denominations. The trade date is May 13, 2026 and the original issue date is May 15, 2026. The notes will be issued in book-entry form as a master global note registered to DTC, will not be listed on any exchange, and name Goldman Sachs & Co. LLC as calculation agent. The original issue price is shown as 100% of principal with certain fee-based accounts receiving different pricing per the supplemental plan of distribution.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and returns at maturity are tied to the S&P 500 Index performance between the trade date and the determination date. If the final index level is at or above the buffer level of 90% of the initial level, holders receive a capped $1,092.50 maximum settlement per $1,000 face amount. If the final level is below the 90% buffer, losses are amplified by a buffer rate of approximately 111.11%, producing potential substantial principal loss, including loss of the entire investment. The notes pay no interest, are book-entry only, and carry the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. Key dates include trade date May 26, 2026, original issue date May 29, 2026, determination date June 8, 2027, and stated maturity date June 11, 2027.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 5.50% per annum, expected to be issued on May 11, 2026 with a stated maturity expected to be May 11, 2036. Interest is payable each May 11 and November 11, with the first payment expected on November 11, 2026. The issuer may redeem the notes in whole (but not in part) on scheduled redemption dates beginning on or after May 11, 2027 at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form as a master global note registered in the name of DTC and will generally be subject to FATCA withholding rules.

GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Dow Jones Industrial Average, Nasdaq‑100 and Russell 2000. Coupons are conditional at $9.167 per $1,000 (0.9167% monthly, approx. 11.00% per annum) and pay only if each underlier meets a coupon trigger level of 70% of its initial level on an observation date. Notes are automatically called if all underliers are at or above their initial levels on a call observation date. If not called, final principal is tied to the lesser performing underlier at maturity and could result in a total loss of principal; the determination date and stated maturity are May 11, 2029 and May 16, 2029, respectively. Trade date is May 11, 2026 and original issue date is May 14, 2026. The pricing supplement warns that the original issue price exceeds estimated model value and buyers bear issuer and guarantor credit risk.

GS Finance Corp. offers $1,000 face-amount Leveraged Buffered S&P 500^® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and link maturity cash to the S&P 500 performance from the trade date to the determination date.

Key economics: 150% upside participation subject to a $1,206.25 maximum settlement per $1,000 face amount; a 10% buffer (buffer level = 90%); if final index < buffer level, losses occur pro rata. Trade date is May 5, 2026, original issue date May 8, 2026, determination date November 5, 2027, maturity November 10, 2027.

GS Finance Corp. is offering leveraged, buffered S&P 500 Index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide returns at maturity based on the S&P 500 performance measured from the trade date to the determination date. The notes feature a 200% upside participation rate, a 10% buffer (buffer level = 90% of the initial level) and a capped payout with a maximum settlement amount expected between $1,156 and $1,183 per $1,000 face amount. The determination date is expected between 17 and 20 months after the trade date, with the stated maturity expected the second scheduled business day after that determination date. If the final underlier level is at or above the buffer level but not above the cap, holders receive principal or the capped upside; if the final level falls more than the buffer, holders suffer a leveraged loss and could lose their entire investment. Terms (including initial underlier level and exact dates) will be set on the trade date and are subject to the accompanying supplements.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected capped autocallable notes linked to an equally weighted basket of four stocks: CrowdStrike, Microsoft, Palo Alto Networks and Snowflake. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer of 15% and an expected trade date of May 26, 2026. The notes are expected to be automatically called if the basket closing level on the call observation date is ≥ 100, producing at least $1,241 per $1,000 face amount on the call payment date. If not called, maturity is expected on June 1, 2028, with cash settlement formulas that pay upside participation if the basket return is positive, return of principal if basket return is between 0% and -15%, and a buffered loss (using a buffer rate of ~117.65%) if the basket return is below -15%. The estimated value at pricing is expected between $900 and $930 per $1,000 face amount.

GS Finance Corp. offers indexed, principal-at-risk notes linked to the S&P 500® Index that pay no interest and mature in 2028. Each $1,000 face-amount note returns either (a) $1,000 plus 200% of the S&P 500 return capped at a $1,261 maximum, (b) the face amount if the final level is within 10% downside of the initial level (the buffer), or (c) a proportional loss if the final level falls more than 10% below the initial level, with potential loss of the entire investment.

The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they carry issuer and guarantor credit risk, limited secondary-market liquidity, an underwriting discount of 1.5%, and aggregate initial face amount of $843,000.

The issuer, GS Finance Corp., is offering indexed, non‑interest bearing notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a trade date of April 27, 2026, original issue date May 4, 2026, and stated maturity May 5, 2031. For each $1,000 face amount, holders receive $1,650 at maturity if the final index level is ≥ 102% of the initial index level (initial level: 112.65); otherwise holders receive $1,000. Notes are subject to an automatic call if any call observation date index close is ≥ 102%, producing call payments that vary by observation date (call returns: 13%, 26%, 39%, 52%). The pricing supplement states the notes’ estimated value on the trade date is approximately $946 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1%.

The offered notes are three‑year, cash‑settled notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. Payout at maturity depends on the S&P 500® Futures Excess Return Index return from the trade date to the determination date. If the final underlier level exceeds the initial level, holders receive the face amount plus 140% upside participation of the underlier return. If the final level is between the initial level and the 80% buffer level, holders receive the face amount. If the final level is below the buffer level, holders suffer a proportional loss tied to the decline below the buffer and could lose a substantial portion of principal. The notes pay no interest, are issued at 100% of face with a 0.8% underwriting discount, and mature in 2029; they reference the nearest‑maturing E‑mini S&P 500 futures contracts rather than the spot S&P 500® Index.

GS Finance Corp. is offering leveraged VanEck Gold Miners ETF-linked notes due May 2, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; principal at maturity is linked to the ETF's performance from the trade date April 27, 2026 to the determination date April 27, 2029. For each $1,000 face amount, investors receive $1,000 if the ETF return is zero or negative. If the ETF return is positive, holders receive $1,000 plus 125% of the ETF return, capped at a $1,310 maximum settlement amount. The initial underlier level is $92.59, the cap level is 124.8% of that initial level, and the estimated value on the trade date was approximately $966 per $1,000 face amount. Original issue price is 100% with a 3% underwriting discount (net proceeds 97%).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked notes due June 2, 2027. The notes pay no interest and the maturity payment per $1,000 face amount depends on the lesser performing of the Russell 2000® and S&P 500® measured from the trade date April 27, 2026 to the determination date May 27, 2027. Returns are subject to a 10% buffer and capped at a $1,220 maximum settlement per $1,000 face amount; losses occur if the lesser performing underlier falls below 90% of its initial level. The estimated value on the trade date was approximately $975 per $1,000. Original issue price is 100% with a 2.225% underwriting discount, net proceeds 97.775% of face amount.

GS Finance Corp. is offering S&P 500®-linked medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $2,133,000. The notes pay no interest and at the stated maturity will pay for each $1,000 face amount either the face amount or $1,000 × the underlier return up to a maximum settlement amount of $1,290. The notes reference the S&P 500® Index, have a trade date of April 27, 2026, an original issue date of April 30, 2026, a determination date of January 28, 2030 and a stated maturity date of January 31, 2030. The original issue price is 100% of face with an underwriting discount of 2.5%. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes and use a comparable yield of 4.5737% per annum for tax accruals.

GS Finance Corp. priced principal-at-risk notes linked to the iShares MSCI Emerging Markets ETF (EEM). Each $1,000 note returns: $1,000 if the final underlier level is ≥90% of the initial level; a capped upside (150% participation, $1,365 maximum) if the underlier rises; or a pro rata loss if the underlier falls more than 10% from the initial level of $63.74. The notes pay no interest, are senior debt of GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc., exposing holders to issuer and guarantor credit risk. Trade date was April 27, 2026, original issue date April 30, 2026, determination date April 27, 2028, and stated maturity May 2, 2028.

The offering is for an aggregate face amount of $550,000. Investors may lose a substantial portion of principal if the final underlier level closes below the 90% buffer level; upside is limited by the maximum settlement amount. The notes are cash-settled and not interest-bearing, not bank deposits, and are subject to market, tracking, currency, tax (including Section 1260 and FATCA) and liquidity risks.

GS Finance Corp. (guarantor: The Goldman Sachs Group, Inc.) is offering structured notes linked to four stocks with automatic call, monthly coupons and maturity on May 5, 2031. Coupons are monthly and will equal either the maximum coupon of $7.375 per $1,000 (if each index stock closes >= 80% of its initial price on an observation date) or the minimum coupon of $0.209 per $1,000. Notes are automatically redeemed if, on any call observation date beginning April 2027, each index stock closes at or above its initial price. The estimated value at pricing was approximately $954 per $1,000, with an original issue price of 100% and an underwriting discount of 3.7%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index with a stated maturity of May 5, 2031. Coupons are monthly and payable only when the index on an observation date is at least 85% of the initial level (coupon trigger). Notes are automatically called if the index on any call observation date (April 2027–March 2031) is greater than or equal to the initial index level of 954.60, in which case investors receive face amount plus accrued coupon. At maturity, if final index level is below 85% of initial level, payments are reduced by the underlier return below the 15% buffer, exposing holders to substantial loss. Estimated value at pricing was approximately $956 per $1,000 face amount; original issue price was 100%.

GS Finance Corp. is offering structured, autocallable notes linked to the common stocks of Advanced Micro Devices, UnitedHealth, Tesla and NVIDIA. The notes mature on May 5, 2031 (unless automatically called on an observation date beginning April 2027). For each $1,000 face amount the maximum monthly coupon is $9.459 (≈0.9459% monthly; ≈11.35% per annum) and the minimum monthly coupon is $0.209 (≈0.0209% monthly; ≈0.25% per annum). Notes are automatically called if, on any call observation date, each index stock's closing price is ≥ its initial price (listed in the prospectus). Trade date is April 27, 2026; original issue date is April 30, 2026. The estimated value on the trade date is approximately $949 per $1,000 face amount. Payments and valuation are subject to the issuer's and guarantor's credit risk, calculation-agent discretion, anti-dilution rules and limited secondary-market liquidity.

GS Finance Corp. is offering callable 10‑Year CMT Rate‑Linked Range Accrual Notes due May 15, 2031, guaranteed by The Goldman Sachs Group, Inc.. Interest, if any, is payable monthly (expected each 15th) and equals 8.50% multiplied by the fraction of reference dates in the prior interest period when the 10‑year CMT rate is ≤ 4.80%. Notes may be redeemed at 100% of face plus accrued interest on any monthly interest payment date on or after May 15, 2027. The estimated value at pricing is between $918.5 and $968.5 per $1,000 face; original issue price is 100% of face. Payments depend on the reference rate and are subject to the issuer’s and guarantor’s credit risk; GS&Co. is calculation agent with discretion over certain rate determinations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers notes with an aggregate face amount of $2,512,000. The notes pay at maturity either the face amount or, if the final index level exceeds the initial index level (112.65), a return equal to the face amount plus the 400% upside participation times the index return. The determination date is April 27, 2029 and the stated maturity date is May 2, 2029. The original issue price is 100% of face amount, with a 3.25% underwriting discount (net proceeds 96.75%). The notes reference the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5 Index) which applies volatility and momentum controls and a 0.65% p.a. deduction. Tax rules treat the notes as contingent payment debt instruments with a comparable yield of 4.48% and a projected payment of $1,144.67 per $1,000 for tax accrual purposes.

GS Finance Corp. priced an offering of Autocallable Contingent Coupon Index-Linked Notes due May 2, 2029 guaranteed by The Goldman Sachs Group, Inc. The initial aggregate face amount is $5,516,000 and the original issue price is 100% of face amount with an underwriting discount of 0.8% and net proceeds of 99.2%. The notes pay a monthly contingent coupon of $6.042 per $1,000 when each index closes at or above 70% of its initial level on an observation date, include an automatic-call feature beginning October 2026 if each index is at or above its initial level on a call observation date, and return at maturity is linked to the lesser performing of the S&P 500®, Russell 2000® and Nasdaq-100® with buffer and downside terms as described.

GS Finance Corp., with guaranty by The Goldman Sachs Group, Inc., is offering structured notes linked to the common stocks of Advanced Micro Devices, Inc., Broadcom Inc. and Tesla, Inc.. The notes pay a monthly coupon that is either a maximum $8.334 or a minimum $0.209 per $1,000 face amount depending on whether each index stock meets a 75% trigger on observation dates. The notes may be automatically called beginning April 2027 if each stock is at or above its initial price; stated maturity is May 5, 2031. The original issue price is 100% with an underwriting discount of 4% and aggregate face amount of $8,925,000. Purchasers are exposed to issuer/guarantor credit risk, limited anti-dilution protection and potential low secondary-market liquidity.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable, buffered S&P 500® index-linked notes due May 2, 2028. Each $1,000 face amount pays $1,116.5 if automatically called on the call observation date (May 10, 2027) when the S&P 500® closing level is ≥ initial level of 7,173.91. If not called, maturity payment depends on index performance to the determination date (April 27, 2028): positive returns pay 125% participation, declines up to 15% pay the absolute decline, and declines beyond 15% apply a buffer rate of ~117.65% that can produce losses, including total loss of principal in severe declines. The notes bear no interest; original issue price is 100% with a 1.5% underwriting discount, estimated value at trade date ~$994 per $1,000 face amount.

GS Finance Corp. is offering $3,150,000 aggregate face amount of ETF-linked notes due May 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is linked to the lesser performing of the iShares Latin America 40 ETF and iShares MSCI Emerging Markets ex China ETF. If both ETF returns are positive you receive 1.45× the lesser ETF return; if either ETF falls below 80% of its initial level you incur amplified losses at a 1.25× buffer rate. The estimated value at term-setting was approximately $962 per $1,000 face amount. Payments are unsecured and subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering Equity Index Linked Medium-Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., with a stated maturity date of November 20, 2028. Each note has a face amount of $1,000 and returns are linked to an equally weighted basket of the EURO STOXX 50® and the FTSE® 100 using quarterly averaging. If the average ending level exceeds the starting level (100), holders receive the face amount plus a positive return equal to the average basket return × upside participation rate (at least 100%); otherwise holders receive only the face amount. Estimated value at pricing is $925–$955 per $1,000 face amount; original offering price is $1,000 (underwriting discount up to $30.75 per $1,000). All payments are subject to issuer and guarantor credit risk and there are no periodic interest payments or dividends.

GS Finance Corp. offers $5,310,000 of medium-term structured notes backed by a Goldman Sachs guarantee. Each note has $1,000 face amount, a 300% upside participation rate in the S&P 500® Index, a maximum settlement amount of $1,142.50 per $1,000, and no periodic interest. The trade date is April 27, 2026, original issue date April 30, 2026, determination date June 23, 2027 and stated maturity date June 28, 2027.

At maturity you receive $1,000 plus a payoff based on the underlier return: if the final underlier level exceeds the initial level you receive the upside participation rate times the gain (capped at the maximum settlement amount); if the final level is equal to or below the initial level you suffer a loss equal to the underlier decline (you may lose your entire investment). The notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected, index-linked medium-term notes tied to the Goldman Sachs Momentum Builder® Focus ER Index. The offering totals $196,000 aggregate face amount with an original issue price of 100% and an underwriting discount of 3.95%. The notes pay no periodic interest, include an automatic call feature that would pay $1,140 per $1,000 if the index on the call observation date is greater than or equal to the initial index level, and otherwise pay at maturity either $1,000 or a participation payment equal to $1,000 + $1,000 × 300% × index return. The index methodology applies a 5% realized volatility control and a 0.65% per annum deduction, and may allocate substantial exposure to hypothetical cash positions. Estimated value at trade date: $913 per $1,000. Tax treatment: notes are debt instruments subject to contingent payment rules; comparable yield identified as 4.73%.

GS Finance Corp. priced S&P 500® Daily Risk Control 5% USD Excess Return Index-linked notes due May 2, 2029, with an original issue price of 100% and an underwriting discount of 3.05%. The notes pay no interest and return at maturity is tied to the Excess Return index performance from the trade date April 27, 2026 to the determination date April 27, 2029. If the final index level is at or above the initial level (179.57) holders receive principal plus 158.5% of the index gain; if below, holders receive principal plus the absolute index decline subject to a maximum cash payment of $2,000 per $1,000 face amount. The estimated value on the trade date was approximately $966 per $1,000 face amount. Payments depend on the issuer’s and guarantor’s creditworthiness and on index-specific features including SOFR-based borrowing costs and potential limited post-LIBOR historical data.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $8,883,000 face amount on the original issue date and matures on May 2, 2028 with an automatic call if the basket closes at or above the initial level on May 10, 2027. The notes pay no interest and provide a capped call payment of $1,202.50 per $1,000 if called. At maturity holders receive either principal plus 125% upside participation on positive basket returns, return of $1,000 if the final basket level is within the 15% buffer, or a loss calculated using a buffer rate ~117.65% if the final basket level is below the buffer. The estimated value on the trade date is approximately $951 per $1,000 face amount. Issue price is 100%, underwriting discount 1.5%, net proceeds to issuer 98.5%.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-protected callable notes linked to the Goldman Sachs Momentum Builder Focus ER Index. The offering aggregates $66,639,000 of face amount and has an upside participation rate of 100%.

The notes pay a capped call payment if the index meets rising call levels on annual call observation dates (first observation April 27, 2027). If not called, maturity is April 29, 2033 with cash settlement based on index performance; the initial index level is 112.65. GS&Co. estimated the notesvalue at $902 per $1,000 face amount on the trade date; original issue price is 100% with an underwriting discount of 4.625%.

The Goldman Sachs Group, Inc. is offering fixed rate notes due May 14, 2038 with an interest rate of 5.25% per annum. The notes are issued in U.S. dollars, in denominations of $1,000, with a trade date of May 13, 2026 and original issue date of May 15, 2026. Interest is payable annually on May 15 beginning May 15, 2027. The notes will not be listed on any exchange and will be issued in book-entry form as a master global note registered in the name of DTC. The original issue price is set at 100% of principal (with variation for certain fee-based advisory accounts per the Supplemental Plan of Distribution).

GS Finance Corp. is offering structured notes linked to an equally weighted basket of Amazon, Meta, NVIDIA and Tesla. The notes trade with a trade date of April 27, 2026, an original issue date of April 30, 2026, and a stated maturity of May 5, 2031. Coupons of $7.292 per $1,000 (0.7292% monthly, ~8.75% p.a.) are paid only on monthly observation dates when the basket closing level is ≥80% of the initial basket level (initial basket level = 100). The notes are automatically called if the basket closing level on a call observation date is ≥100, in which case holders receive principal plus the coupon on the related payment date. At maturity, if not called, the cash settlement depends on the final basket level relative to buffer and threshold levels (buffer level = 85, buffer amount = 15%), and investors may lose a substantial portion of principal if the final basket level is below specified thresholds. The estimated value at pricing was approximately $923 per $1,000 face. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $4,178,000 aggregate face amount of autocallable, buffered EURO STOXX 50® index-linked notes due May 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on May 10, 2027 for $1,132.6 per $1,000 face amount if the index closing level is ≥ initial level 5,860.32, and otherwise pay at maturity based on index performance measured through the determination date April 27, 2028. Investors receive a capped upside (threshold settlement $1,265.2 per $1,000 and 100% participation) and a 15% buffer: declines between 0% and -15% return the $1,000 face amount, while declines below -15% expose holders to leveraged losses (approximately 1.1765% loss of face amount per 1% index decline below 85% of the initial level). The original issue price is 100% of face amount with a 1.5% underwriting discount; the estimated model value at pricing was approximately $987 per $1,000 face amount.

GS Finance Corp. priced capped S&P 500 linked notes that pay no interest and return the $1,000 face amount at maturity unless the S&P 500 rises above its initial level; upside is capped at a $1,255 maximum settlement amount per $1,000 note. The notes have an aggregate face amount of $1,700,000, an original issue price equal to 100% of face and an underwriting discount of 0.5% of face. The trade date is April 27, 2026, original issue date April 30, 2026, determination date April 27, 2029 and stated maturity date May 2, 2029. Payments depend on the S&P 500® Index (SPX Index) performance and investors bear issuer/guarantor credit risk and tax complexity described herein.