Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. priced a contingent monthly coupon, equity‑linked note linked to the common stock of Microsoft Corporation (ticker: MSFT UW) with an aggregate face amount of $1,000,000 and a $1,000 face amount per note. The notes pay a contingent monthly coupon of $11.667 per $1,000 (≈1.1667% monthly, up to ≈14.00% per annum) only when the underlier closes at or above a coupon trigger level equal to 70% of the initial underlier level on each coupon observation date. If not redeemed, at maturity the cash settlement per $1,000 depends on the final underlier level relative to a trigger buffer at 70% of the initial level: if final level ≥ buffer, you receive $1,000; if final level < buffer, you receive $1,000 × (1 + underlier return), which can result in a total loss of principal. The issuer may redeem the notes on coupon payment dates commencing in July 2026 through February 2028.

GS Finance Corp. offers $5,516,000 in autocallable, contingent-coupon index-linked notes due June 2, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $5.209 per $1,000 (0.5209% monthly, ~6.25% annual) only if each index closes at or above 70% of its initial level on a coupon observation date. The notes may be automatically called on observation dates commencing October 2026 if each index equals or exceeds its initial level; maturity payments (if not called) are based on the lesser performing index with a 20% buffer and specified downside outcomes. The estimated value on the trade date is approximately $979 per $1,000 face amount; original issue price is 100% with a 0.42% underwriting discount.

GS Finance Corp. is offering structured, principal‑at‑risk notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index. The pricing supplement shows an aggregate face amount of $373,000, an original issue price of 100% of face, and an underwriting discount of 2.75%. Each $1,000 note has a 200% upside participation rate subject to a $1,374 maximum settlement amount, a 10% buffer (buffer level = 90% of initial level), no periodic interest, a trade date of April 27, 2026, and a stated maturity of November 1, 2028 (determination date: October 27, 2028, subject to adjustment). The notes pay cash at maturity based on the underlier return measured from the trade date to the determination date; if the final underlier level is below the buffer level, investors can lose a substantial portion of principal. The notes are not bank deposits, are unsecured senior obligations under the indenture, will be issued in book‑entry form, and may have limited liquidity.

The pricing supplement offers structured, non-interest bearing notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index. The notes pay $1,144 per $1,000 if automatically called on the call observation date; otherwise maturity payoffs depend on the final underlier level, a 125% upside participation, and an 85% buffer level. The issue price is 100% of face with a 3.75% underwriting discount. Trade date, original issue date, call/determination and stated maturity dates are provided and certain terms are "subject to adjustment" per the general terms supplement.

GS Finance Corp. is offering principal-protected, auto-callable structured notes linked to the Russell 2000®, the EURO STOXX 50® and the State Street® Utilities Select Sector SPDR® ETF. Each $1,000 face amount pays no interest, may be automatically called beginning on April 27, 2027 (call payments through 2031) if all three underliers are at or above their initial levels, and matures on May 5, 2031 if not called.

At maturity the payout is based on the lesser performing underlier: capped upside (maturity premium 92.5%), full return at or above 70% of initial levels, or a proportional loss if the lesser performing underlier is below 70%. Estimated value on trade date is approximately $966 per $1,000.

GS Finance Corp. priced index‑linked notes due May 2, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® and pay at maturity based on the lesser performing index return measured from the trade date April 27, 2026 to the determination date April 27, 2029. The notes do not bear interest, have an upside participation rate of 105%, and include a 15% buffer mechanism that limits losses only up to that buffer; losses occur if the lesser performing index falls below 85% of its initial level. The estimated value at issuance was approximately $962 per $1,000 face amount. Original issue price is 100% with a 3% underwriting discount and net proceeds of 97% of face.

GS Finance Corp. offers $19,133,000 of cash-settled, S&P 500®-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 283.3% and a 15% buffer (buffer level: 85% of the initial underlier). If the closing level on the call observation date is greater than or equal to the initial underlier level (initial level: 7,173.91), the notes will be automatically called and pay $1,100 per $1,000 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: full principal, enhanced upside (participation × return), or reduced payment calculated using the buffer rate (approximately 117.65%), which means investors can lose all or most of their investment. Key dates: trade date 4/27/2026, original issue date 4/30/2026, call observation date 5/10/2027, determination date 4/27/2028, stated maturity 5/2/2028. The notes are not FDIC insured; tax treatment is uncertain.

GS Finance Corp. is offering two separate structured note tranches guaranteed by The Goldman Sachs Group, Inc. — buffered index-linked notes linked to the S&P 500® and Russell 2000®. Each $1,000 note matures May 1, 2031, with performance measured from the trade date (April 27, 2026) to the determination date (April 28, 2031). Each tranche features a 100% participation rate, an 85% buffer level (15% buffer amount), and a capped payout (maximum settlement amounts of $1,767.50 and $2,050 per $1,000, respectively). The pricing supplement discloses original issue price at 100% of face, underwriting discounts of 4.125%, estimated values below issue price, and credit and tax risks tied to the issuer and guarantor.

GS Finance Corp. is offering autocallable, buffered S&P 500® index-linked notes due May 2, 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays no interest and may be automatically called on May 10, 2027, for $1,111 if the S&P 500 closing level is ≥ initial level 7,173.91. If not called, maturity payoffs depend on final index performance: a capped upside (threshold $1,222, 100% participation) if the index is flat or higher; full principal protection only for declines up to 15% (buffer); and amplified downside if the final level falls below 85% (loss ≈1.1765% of face for each 1% decline below 85%). The estimated value at pricing was approximately $994 per $1,000 face amount; original issue price is 100% with a 1.5% underwriting discount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers non-interest bearing, equity-linked notes tied to an equally weighted basket of BAC, COF, MS and WFC. The notes mature on May 2, 2028 unless automatically called on the call observation date May 10, 2027, in which case investors receive $1,205.5 per $1,000 face amount on the call payment date. At maturity, if not called, payoffs depend on the basket return: upside participation is 125%; a 15% buffer (buffer level = 85%) with a buffer rate of approximately 117.65% applies to losses beyond the buffer. The estimated value on the trade date was approximately $981 per $1,000 face amount; original issue price was 100% with an underwriting discount of 1.5% (net proceeds 98.5%). These notes expose holders to issuer and guarantor credit risk, limited secondary market liquidity, discretionary pricing and valuation by GS&Co., and anti-dilution adjustment mechanics described herein.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 15, 2029 under its Medium-Term Notes, Series N program. The notes carry an interest rate of 4.40% per annum, pay interest May 15 and November 15 each year, and will be issued in $1,000 denominations.

Trade date is May 13, 2026 with original issue date May 15, 2026. The original issue price is stated as 100% of principal amount (with variation for certain fee-based accounts as described). The notes will not be listed on an exchange.

The pricing supplement describes non-interest-bearing, cash-settled notes linked to the S&P 500® Index issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount at maturity the payout equals either: (1) $1,000 plus the upside participation (200%) times the index return capped at a maximum settlement amount of $1,258.50; (2) $1,000 if the final index level is between the buffer level (90% of initial) and the initial level; or (3) a reduced cash amount that declines dollar-for-dollar once the final index level is below the 90% buffer, exposing holders to substantial principal loss. Trade date is April 27, 2026, original issue date April 30, 2026, determination date October 27, 2028, and stated maturity date November 1, 2028. The issue price is 100% of face amount, underwriting discount 2.75%, net proceeds 97.25% of face.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due 2029. The notes are U.S. dollar denominated, pay interest semiannually at 4.50% per annum, have $1,000 denominations, a trade date of May 13, 2026, an original issue date of May 15, 2026, and a stated maturity date of May 15, 2029.

The notes will be issued in book-entry form as a master global note registered to DTC, will not be listed on an exchange, and use a 30/360 (ISDA) day count convention for interest calculations. Cash‑flow treatment and detailed pricing terms are set on the trade date and described in the supplemental plan of distribution.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due June 11, 2027, 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 May 26, 2026 trade date to the June 8, 2027 determination date (subject to adjustment).

If the final underlier level is ≥ the buffer level (85%), holders receive a capped $1,078.50 per $1,000 face amount; if below 85% the payoff declines and holders lose approximately 1.1765% of face for each 1% decline below the buffer and could lose their entire investment. Original issue price is 100% of face; underwriting discount 1%.

The Goldman Sachs Group, Inc. is offering fixed rate notes due 2036 under its Medium‑Term Notes, Series N program.

The notes are expected to bear interest at 5.15% per annum, be issued in U.S. dollars in denominations of $1,000, trade on May 13, 2026, have an original issue date of May 15, 2026, and a stated maturity date of May 15, 2036. Interest is payable each May 15, commencing May 15, 2027. The notes will be issued in book‑entry form as a master global note and will not be listed on any exchange.

GS Finance Corp. priced structured notes with an aggregate face amount of $535,000. The notes mature on May 1, 2031 and reference an unequally weighted basket (65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets) measured from the trade date April 27, 2026 to the determination date April 28, 2031. The notes pay no interest and use an upside participation rate of 197.5% on positive basket returns. If the final basket level is between 80% and 100% of the initial level you receive the $1,000 face amount; if below 80% you absorb the basket loss and could lose your entire investment. The issuer and guarantor credit risk is with GS Finance Corp. and The Goldman Sachs Group, Inc.. The estimated value on the trade date was approximately $979 per $1,000 face amount and the original issue price was 100% of face amount.

GS Finance Corp. is offering non-interest indexed notes, linked to an equally weighted basket of 9 large-cap stocks, with an initial basket level of 100 and an upside participation rate of 125%. The notes have an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026, an expected call observation date of June 8, 2027 (call payment date expected June 11, 2027) and an expected stated maturity date of June 1, 2028. If the basket is at or above 100 on the call observation date the notes will be automatically called, paying at least $1,197.50 per $1,000 face amount. At maturity holders receive either principal plus leveraged upside if the basket return is positive, full principal if the final basket level is at or above 80% of the initial level, or a reduced cash amount if the final basket level is below the buffer level (20% buffer). The estimated value at pricing is stated as $900–$930 per $1,000 face amount. Payments depend on issuer and guarantor credit; purchasers bear market, dilution, anti-dilution adjustment and liquidity risks.

GS Finance Corp. is offering underlier-linked, non‑interest bearing notes due May 17, 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Payments at maturity depend on the lesser performing underlier of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF, with an upside participation rate of 209% and a buffer level of 95%. If the final level of the lesser performing underlier is at or above the buffer level but not above its initial level, holders receive the face amount of $1,000. If that underlier is below the buffer level, holders suffer a proportional loss tied to the decline below the buffer. The notes are cash‑settled, payable per $1,000 face amount, and are subject to issuer/guarantor credit risk, foreign‑market and currency risks, uncertain U.S. tax treatment including possible application of Section 1260, and limited secondary‑market liquidity.

GS Finance Corp. offers principal‑protected, non‑interest bearing callable notes linked to an equally weighted basket of six common stocks, with The Goldman Sachs Group, Inc. as guarantor. The notes have an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026, an expected call observation date of June 8, 2027 and an expected stated maturity date of June 1, 2028. Payments depend on the basket closing level on the call observation date or the determination date and incorporate a 125% upside participation rate and a 15% downside buffer (buffer level = 85% of initial). The estimated value on the trade date is stated between $900 and $930 per $1,000 face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-linked notes tied to an equally weighted basket of nine stocks. The notes mature on June 1, 2028 with an automatic call observation expected on June 8, 2027. If automatically called, holders receive at least $1,195 per $1,000 face amount. At maturity the payout depends on the basket return: 125% upside participation above an initial basket level of 100, full return of principal if the final level is ≥85, and a buffer of 15% (buffer rate ≈ 117.65%) for deeper declines. The estimated value on the trade date is expected to be between $900 and $930 per $1,000, reflecting fees and model assumptions. Payments are unsecured and subject to the credit risk of GS Finance Corp. and Goldman Sachs. Terms include anti-dilution rules, market-disruption postponements, and discretionary determinations by the calculation agent, Goldman Sachs & Co. LLC.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to an equally weighted basket of seven stocks. The notes have an expected trade date of May 15, 2026, an expected original issue date of May 20, 2026, an expected call observation date of May 17, 2027 (automatic call would pay $1,147.50 per $1,000 face amount on the call payment date), and an expected stated maturity date of May 18, 2029. The upside participation rate is 125% and the trigger buffer level is 80% of the initial basket level (initial basket level = 100). The estimated value at pricing is between $925 and $955 per $1,000 face amount. The payment at maturity depends on the basket return and is subject to the issuer’s and guarantor’s credit risk and various market and structural adjustments described in the supplement.

GS Finance Corp. is offering leveraged, cash‑settled notes tied to the S&P 500® Futures Excess Return Index due May 6, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount; the payoff at maturity depends on the underlier return, a 220% upside participation rate and a 25% trigger buffer (trigger buffer level: 75% of initial level). If the final underlier level is above the initial level, holders receive $1,000 plus the upside participation times the underlier return; if the final level is between 75% and 100% of the initial level, holders receive $1,000; if the final level is below 75%, holders suffer proportional losses and may lose their entire investment.

GS Finance Corp. is offering $14,620,000 in Trigger Callable Contingent Yield Notes due 2030, guaranteed by The Goldman Sachs Group, Inc. The notes pay quarterly contingent coupons of $0.30 per $10 face amount (12.00% per annum) only if each underlying index stays at or above its 70% coupon barrier during each observation period. The notes are linked to the least performing of the S&P 500, Russell 2000 and EURO STOXX 50 indices and expose investors to full downside market risk at maturity if the lesser performing index falls below 60% of its initial level. The issuer may redeem the notes quarterly from July 2026 through October 2029 at 100% of face plus any coupon then due. Any payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the cash payment at maturity depends on the S&P 500’s performance from the trade date to the determination date.

The notes provide a 15% buffer: if the final index level falls by 15% or less, the holder receives a positive return equal to the absolute decline; losses accrue if the final level is below the 85% buffer level. Upside is capped at a $1,467 settlement per $1,000 face amount. Trade date is April 30, 2026; original issue date is May 5, 2026; stated maturity is May 3, 2029.

GS Finance Corp. is offering principal-protected-style structured notes linked to an equally weighted basket of four bank stocks: Bank of America, Capital One, Morgan Stanley and Wells Fargo. The notes have an initial basket level of 100, an upside participation rate of 125% (1.25×) and a buffer level of 85% (buffer amount 15%).

The notes are expected to have a trade date of May 26, 2026, an original issue date expected May 29, 2026, a call observation date expected June 8, 2027 (call payment date expected June 11, 2027) and a stated maturity date expected June 1, 2028. If automatically called, the issuer will pay at least $1,177 per $1,000 face amount on the call payment date (amount set on the trade date). At maturity the cash settlement depends on the final basket level: positive basket return pays $1,000 plus 125% participation; returns between 0% and -15% pay $1,000; returns below -15% produce a reduced payment using a buffer rate ≈ 117.65%. The estimated value at pricing is stated to be between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering Market Linked Securities—auto-callable notes linked to the common stock of Advanced Micro Devices, Inc. due May 10, 2029. Each security has a $1,000 face amount and an original offering price of $1,000.

Key terms: a quarterly contingent coupon of at least $55.00 per $1,000 (equivalent to at least 22.00% per annum) if the underlying stock on a calculation day is >= the coupon threshold (equal to 60% of the starting price); automatic call if the stock on a call date is >= the call threshold (equal to 90% of the starting price); and principal at risk at maturity if the final stock price is below the downside threshold (equal to 60% of the starting price). The issuer estimates the securities' model value at pricing between $900 and $930 per $1,000, and all payments are unsecured and subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced auto-callable market-linked notes due May 10, 2029, linked to Palantir Technologies Inc. Class A common stock. Each security has a $1,000 face amount, a contingent quarterly coupon (at least $42.25 per $1,000, equivalent to 16.90% per annum when payable), an automatic call if the stock closes at or above 90% of the starting price on specified quarterly calculation days, and full downside exposure at maturity if the final stock closing price is below 60% of the starting price. Estimated value at pricing was $900–$930 per $1,000 face amount; original offering price is $1,000. Payments are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and are subject to their credit risk.

GS Finance Corp. is offering autocallable index-linked notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc., linked to the Dow Jones Industrial Average and the S&P 500.

The notes pay no interest, may be automatically called on the call observation date (paying $1,092 per $1,000 if called), and otherwise settle at maturity based on the lesser performing underlier with an upside participation rate of 120% and a buffer level of 85% (buffer amount 15%, buffer rate 100%). Trade date is May 5, 2026, original issue date May 8, 2026, call observation date May 5, 2027, and stated maturity May 12, 2031.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 15, 2036 under a pricing supplement for its Medium‑Term Notes, Series N program.

The notes are U.S. dollar denominated, bear interest at 5.00% per annum, have $1,000 denominations, a trade date of May 13, 2026 and an original issue date of May 15, 2026. Interest is payable each May 15 beginning May 15, 2027.

GS Finance Corp. offers structured notes linked to an equally weighted 7-stock basket, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, an initial basket level of 100, an upside participation rate of 125%, a trigger buffer level of 80%, an expected trade date of May 15, 2026, an expected original issue date of May 20, 2026, an expected call observation date of May 17, 2027, an expected call payment date of May 20, 2027, and an expected stated maturity date of May 18, 2029.

If the basket closing level on the call observation date is ≥ the initial basket level, the notes will be automatically called and pay $1,110 per $1,000 face amount. If not called, the maturity payout depends on the basket return: positive returns receive 125% participation, modest declines (down to -20%) produce a positive absolute-return payment, and declines worse than -20% cause full downside exposure (you can receive less than 80% of face amount).

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.55% per annum, with an original issue date expected May 14, 2026 and a stated maturity expected May 14, 2029. Interest is expected to be paid semiannually on May 14 and November 14, with the first payment expected on November 14, 2026.

The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates beginning on or after May 14, 2027 (expected quarterly on Feb 14, May 14, Aug 14 and Nov 14) at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2041. The notes pay interest at 5.60% per annum, expected to be issued on May 14, 2026 with an expected stated maturity of April 29, 2041. Interest is payable annually on each May 14, beginning May 14, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled quarterly redemption dates beginning on or after November 14, 2028, at a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC as a master global note and will settle through DTC. The pricing supplement describes underwriting discounts, potential variation in the initial price to public for certain retirement and fee-based advisory accounts, FATCA withholding applicability, distribution limitations in multiple jurisdictions, and FINRA Rule 5121 conflict-of-interest procedures.

GS Finance Corp. offers 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 and a payoff at maturity tied to the S&P 500 Futures Excess Return Index measured from the April 30, 2026 trade date to the April 30, 2029 determination date. The notes pay no interest, provide at least 156% upside participation if the final underlier level exceeds the initial level, protect principal only up to a 10% buffer (buffer level = 90% of initial), and expose investors to losses beyond the buffer on a 1% for 1% basis. The notes are cash‑settled, subject to issuer and guarantor credit risk, model pricing discounts at issuance, potential negative roll yield impacts from futures linkage, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due May 20, 2027, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the common stock of Marvell Technology, Inc. and pay contingent quarterly coupons only if the underlier closes at or above a 65% trigger level on observation dates. The notes are subject to automatic call if the underlier closes at or above the initial level on any call observation date. At maturity, cash settlement depends on the final underlier level; if the final level is below the 65% buffer, investors can lose up to their entire investment.

GS Finance Corp. offers principal-at-risk notes linked to an equally weighted basket of nine stocks, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of May 1, 2026, an expected original issue date of May 6, 2026, an expected call observation date of May 14, 2027, and an expected stated maturity of May 4, 2028. Each $1,000 face amount pays at least $1,212.50 if automatically called on the call observation date. If not called, maturity payoffs depend on the basket return: positive returns pay 125% participation, small negative returns down to -15% return the face amount, and deeper declines reduce principal with a buffer rate of approximately 117.65%. The issuer discloses an estimated model value between $900 and $930 per $1,000 face amount at pricing.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 29, 2031 that pay interest at 4.825% per annum from an original issue date expected to be May 14, 2026.

Interest is payable annually on expected May 14 dates, with the first payment expected May 14, 2027. The issuer may redeem the notes in whole, not in part, on expected quarterly redemption dates beginning on or after May 14, 2027, at a price equal to 100% of principal plus accrued interest.

GS Finance Corp. offers Digital Equity-Linked Notes due 2027 guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA"). Payment at maturity depends on the final underlier level versus a trigger buffer level of 70% of the initial underlier level: if final level ≥ 70% you receive the maximum settlement amount of $1,262.50 per $1,000 face amount; if final level < 70% you lose 1% of face for each 1% decline in the underlier and may lose your entire investment. Trade date is May 11, 2026, original issue date May 14, 2026, determination date November 11, 2027, and maturity date November 16, 2027. The notes pay no interest, are not shares of NVDA, and are subject to issuer/guarantor credit risk and model/pricing spreads described in the supplement.

GS Finance Corp. offers $1,000 face amount structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, with an upside participation rate of 100% and automatic annual call features beginning in May 2027. The trade date is May 4, 2026, original issue date May 7, 2026, and stated maturity is May 9, 2033. The prospectus states the estimated initial value on the trade date is $850 to $880 per $1,000 face amount, below the original issue price. Payments at maturity (if not called) pay $1,000 plus upside participation when the final index level exceeds the initial index level; otherwise holders receive the face amount. The index methodology uses daily rebalancing, a 5% realized volatility control, a momentum risk control and a 0.65% per annum deduction that can materially reduce index exposure to risky assets.

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

Key terms include a $1,000 face amount, a maximum settlement amount of at least $1,155 per $1,000, a trigger buffer level of 80% (20% buffer), a trade date of May 28, 2026, a determination date of May 30, 2028, and a stated maturity of June 2, 2028. If the final underlier level is below the trigger buffer level, investors lose 1% of face amount for each 1% decline below the initial level and could lose their entire investment.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due April 29, 2033 with a stated interest rate of 5.075% per annum, expected original issue date May 14, 2026. Interest is payable annually each May 14, with the first payment expected on May 14, 2027. The issuer may redeem the notes in whole, but not in part, on each scheduled redemption date expected to be Feb 14, May 14, Aug 14, and Nov 14 on or after Nov 14, 2027, at 100% of principal plus accrued interest.

The notes will be issued as a master global note held by DTC and settle through DTC. The offering will be led by Goldman Sachs & Co. LLC and InspereX LLC. Tax treatment for U.S. holders treats interest as ordinary income; FATCA withholding generally applies. The notes are a new issue with no established trading market and are not FDIC insured.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, buffer-structured notes linked to two ETFs: the State Street SPDR S&P Bank ETF (KBE) and the VanEck Semiconductor ETF (SMH). The notes pay a monthly coupon of $8.334 per $1,000 when both ETFs close at or above 75% of their initial levels on an observation date, and are callable if both close at or above 95% on a call observation date.

If not called, maturity payment depends on the lesser performing ETF: if that ETF is ≥75% of initial, you receive principal; if below 75%, the payoff applies a 25% buffer causing proportional loss below the buffer. Trade date expected May 8, 2026, original issue date expected May 12, 2026, stated maturity expected February 15, 2029. Estimated value on the trade date is $925–$955 per $1,000.

GS Finance Corp. is offering $1,000 face‑amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, with trade date May 8, 2026, original issue date May 13, 2026 and stated maturity May 12, 2031. The notes carry a 100% upside participation rate, an estimated initial value of $850 to $880 per $1,000 face amount, and feature annual automatic call observation dates with rising call levels and fixed call premiums. If not called, maturity payoffs depend on index return; negative or zero index return yields repayment of the face amount only. The notes do not bear interest and are guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable, contingent-coupon, index-linked notes due May 8, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and may pay a quarterly contingent coupon of $23.75 (2.375% quarterly; up to 9.50% per annum) if each underlier meets its coupon trigger level on observation dates. The notes reference three underliers: the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. Coupons require each underlier to be at or above 70% of its initial level; principal at maturity is tied to the lesser performing underlier relative to a 55% trigger buffer and can result in a complete loss of principal. The issuer may redeem the notes on coupon payment dates beginning May 10, 2027. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $1,000‑denominated 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 indices.

Each month the notes may pay a contingent coupon of $9.584 per $1,000 (0.9584% monthly, potential ~11.5% per annum) only if every underlier is >= its coupon trigger level (70% of initial). The notes will be automatically called on a call payment date if every underlier is >= its initial level on the related observation date. If not called, the maturity cash settlement is based solely on the lesser performing underlier, with a trigger buffer at 60% of initial; losses can equal the lesser performing underlier return and investors could lose their entire investment.

GS Finance Corp. is offering structured notes linked to the common stock of Oracle, NVIDIA, Amazon and Apple. The notes pay a monthly coupon that will be either a maximum $7.125 per $1,000 face amount or a minimum $0.209 per $1,000, depending on whether each index stock meets a 75% trigger on monthly observation dates. The notes have an expected trade date of May 6, 2026, an expected original issue date of May 8, 2026, and an expected stated maturity of May 13, 2031, but carry an automatic call feature beginning with observation dates in May 2027. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The estimated model value at pricing is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder^® Focus ER Index-Linked Notes due May 5, 2033, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes provide 100% upside participation in positive index returns but pay no periodic interest and are subject to automatic annual calls if the index meets rising call levels. The index (GSMBFC5) applies a 5% realized volatility control, a momentum risk control and a 0.65% per annum deduction, any of which may allocate substantial exposure to hypothetical cash positions that earn zero net excess return. The trade date is April 30, 2026, original issue date May 5, 2026, and determination date May 2, 2033. GS&Co.’s estimated value on the trade date is $885 to $935 per $1,000 face amount, below the original issue price. Investors remain exposed to the credit risk of the issuer and guarantor, limited upside due to capped call premiums, and potential allocation of the index to low‑return cash positions.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due May 20, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and references the common stock of NVIDIA Corporation. Coupons are contingent and paid quarterly only if the underlier closes at or above an 80% trigger on observation dates. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, the cash settlement at maturity depends on the final underlier level relative to an 80% buffer; downside exposure can be substantial and may result in total loss of principal. Trade date is May 1, 2026 and original issue date is May 6, 2026. The pricing shows a 1% underwriting discount and net proceeds of 99% of face amount.

GS Finance Corp. is offering autocallable, index-linked notes due June 7, 2033, guaranteed by The Goldman Sachs Group, Inc. The cash payoff depends on the Goldman Sachs Momentum Builder® Focus ER Index performance, with a 100% upside participation rate if the final index level exceeds the initial level. Annual automatic call features begin on the first call observation date; each call pays $1,000 plus a call premium if the index closes at or above the applicable call level. The index applies a 5% realized volatility control and a 0.65% per annum deduction (accruing daily), and may allocate heavily to hypothetical cash positions, which can materially reduce index returns. GS&Co. estimates the notes' value on the trade date at $850 to $890 per $1,000 face amount; the original issue price exceeds that estimated value. The notes are subordinated to issuer and guarantor credit risk and are treated as contingent payment debt instruments for U.S. federal income tax purposes.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes bearing interest at 5.775% per annum. The notes are expected to be issued on May 14, 2026 and to mature on April 30, 2046, with annual interest payments expected each May 14 and the first payment expected on May 14, 2027.

The notes are issued in book‑entry form through DTC, settle in immediately available funds, and are callable in whole (but not in part) on scheduled redemption dates beginning on or after May 14, 2029 (each Feb 14, May 14, Aug 14, Nov 14) at 100% of principal plus accrued interest, subject to at least five business days’ notice. Settlement is expected in New York on May 14, 2026.