Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers buffered digital basket-linked notes due May 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on a weighted basket of five international indices measured from the trade date to the determination date.

The notes have a threshold settlement amount expected to be $1,170 per $1,000 face amount if the final basket level is at or above the initial level (100). If the final basket level falls between 90% and 100%, you receive the face amount; below 90% you absorb amplified losses using a buffer rate of approximately 111.11%.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2030 that pay interest at 4.675% per annum, payable semiannually on May 14 and November 14, with an original issue date expected to be May 14, 2026 and stated maturity expected to be May 14, 2030. The notes are callable in whole, but not in part, on each Feb 14, May 14, Aug 14 and Nov 14 on or after May 14, 2028, at a redemption price of 100% of principal plus accrued interest.

The offering will settle through DTC and is being distributed by Goldman Sachs & Co. LLC and InspereX LLC; the notes are a new issue with no established trading market. Tax and jurisdictional selling restrictions (including FATCA, PRIIPs, FSMA, SFA, and others) apply as described.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2036 that pay interest at 5.35% per annum, with an expected original issue date of May 14, 2026 and an expected stated maturity of April 29, 2036. Interest is payable annually on May 14 (first payment expected May 14, 2027), and the issuer may redeem the notes in whole, not in part, on scheduled quarterly redemption dates beginning on or after November 14, 2027, upon at least five business days’ notice. The notes will be issued in book-entry form as a master global note through DTC. The offering will be distributed by Goldman Sachs & Co. LLC and InspereX LLC; underwriters may engage in market-making after the initial sale. The notes are unsecured senior debt under the issuer’s Medium-Term Notes, Series N program and are not bank deposits or FDIC insured. FATCA withholding rules apply.

The pricing supplement describes GS Finance Corp. autocallable Goldman Sachs Momentum Builder® Focus ER index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Key economics: a 300% upside participation rate, automatic call feature paying $1,102.50 per $1,000 if the index on the call observation date is at or above the initial level, and a stated maturity of June 5, 2029. The index measures a daily‑rebalanced portfolio with volatility and momentum controls and is subject to a 0.65% per annum deduction. The estimated value at the trade date is $900–$930 per $1,000, below the face amount; purchase pricing, issuance size and certain fees will be set on the trade date.

GS Finance Corp. priced non-interest notes linked to an equally weighted basket of three Select Sector SPDR® ETFs (XLV, XLU, XLP). The notes mature on April 27, 2029 and may be automatically called on April 26, 2027, producing a fixed $1,090 payment per $1,000 face amount if the basket closing level on the call observation date is >= the initial basket level (100). If not called, at maturity each $1,000 face amount pays $1,000 plus $1,000 times the basket return if the final basket level exceeds 100; otherwise you receive $1,000.

The issue price is 100% of face, underwriting discount is 0.25%, net proceeds to the issuer are 99.75%, and the estimated value at pricing was approximately $984 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers $1,000 face-amount indexed notes due 2030, guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500 Futures Excess Return Index. The notes pay no interest and return at maturity depends on the underlier: 200% upside participation if the final level exceeds the initial level; full principal loss is possible if the underlier falls.

The trade date is April 30, 2026, original issue date May 5, 2026, determination date April 30, 2030, and stated maturity May 3, 2030. Payment is cash-settled and values are subject to market-disruption adjustments and issuer/guarantor credit risk.

GS Finance Corp. offers structured, non‑interest bearing notes linked to an equally weighted 6‑stock basket with an aggregate face amount of $778,000 (may be increased). The notes mature April 27, 2028, are callable May 7, 2027 (call payment May 12, 2027), and the estimated value on the trade date is approximately $952 per $1,000 face amount. Payments: if auto‑called, each $1,000 pays $1,151.50; at maturity positive basket returns receive 125% upside participation, declines up to 15% are buffered (buffer level 85%), and larger declines reduce principal per the buffer rate (~117.65%). The offering carries a 1.5% underwriting discount (net proceeds 98.5%).

GS Finance Corp. is offering $1,095,000 aggregate face amount of autocallable, zero‑coupon notes linked to the Russell 2000® Futures Excess Return Index. The notes pay $1,150 per $1,000 if automatically called on May 3, 2027. If not called, maturity payment on Apr 24, 2031 depends on index performance: positive index returns pay 2.85× participation, declines up to 40% return principal, declines beyond 40% cause proportional losses (potentially full loss). Estimated value at pricing: approximately $967 per $1,000 face amount. The notes are unsecured, guaranteed by The Goldman Sachs Group, Inc. and subject to issuer/guarantor credit risk and limited historical data for the underlier.

GS Finance Corp. is offering structured notes maturing on May 1, 2028, linked to three stocks: Zeta Global Class A, Oscar Health Class A and NIKE Class B. Notes pay a monthly coupon only if each index stock meets 50% trigger levels and may be automatically called beginning October 2026 if each stock is at or above its initial price.

Each $1,000 note’s monthly coupon accrues at $23.334 per coupon observation (2.3334% monthly) subject to prior payments; final principal at maturity depends on the lesser performing index stock with a 50% downside buffer. Trade date: April 24, 2026; original issue date: April 29, 2026. Estimated model value at pricing was ~$906 per $1,000; issue price = 100% ($1,000) with underwriting discount 3.3% (net proceeds 96.7%).

GS Finance Corp. is offering callable notes due April 29, 2032 linked to the Invesco QQQ, Series 1 ETF (ticker QQQ). The notes pay no interest and, at maturity, return for each $1,000 face amount either (a) $1,000 plus 100% of the ETF return if the final ETF level exceeds the initial level of $663.88, or (b) $1,000 if the ETF return is zero or negative. The issuer may redeem the notes on monthly call payment dates beginning April 29, 2027 through March 2032 at 100% of face plus a specified call premium (scheduled per the supplement). The estimated value on the trade date was approximately $939 per $1,000 face amount; original issue price is 100% of face with a 3.75% underwriting discount (net proceeds 96.25%). Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers contingent monthly‑coupon, auto‑callable notes linked to Constellation Energy Corporation common stock, guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $2,191,000, an initial underlier level of $313.53, a coupon trigger and trigger buffer equal to 56% of the initial level, a monthly contingent coupon of $13.542 per $1,000 face amount (approximately 16.25% annualized potential), and a stated maturity of May 27, 2027. The notes pay the final cash settlement at maturity based on underlier performance and are subject to an automatic call if the underlier closes at or above the initial level on any call observation date; investors may lose their entire investment if the final underlier level is below the trigger buffer level.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes linked to the S&P 500 Index with an aggregate face amount of $560,000. The notes pay no interest, have a 100% upside participation rate and include an automatic call feature: if the closing level of the S&P 500 on the call observation date (April 24, 2028) is greater than or equal to the initial level, each $1,000 face amount will be redeemed for $1,160 on the call payment date (May 1, 2028).

If not called, maturity is on May 1, 2031. At maturity the cash settlement depends on the final underlier level versus the initial level and an 80% buffer level: gains above the initial level receive 100% participation; declines below 80% expose investors to losses calculated using the 100% buffer rate and 20% buffer amount, potentially resulting in large losses of principal.

GS Finance Corp. priced Callable Contingent Coupon Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc., with an aggregate original face amount of $954,000 and an original issue price of 100%. The notes pay conditional monthly coupons of $5.834 per $1,000 (≈0.5834% monthly; up to ~7% per annum) only if each of the Russell 2000®, Nasdaq-100® and S&P 500® closing levels on a coupon observation date is ≥ 60% of its initial level. The notes may be redeemed by the company on monthly coupon dates beginning in October 2026 at 100% of face plus any coupon then due. At maturity (April 30, 2029), if not redeemed, the cash settlement depends on the lesser performing index versus specified buffer levels (notably a 62% trigger buffer and 60% coupon trigger), exposing holders to principal loss below those thresholds. The estimated value at pricing was approximately $955 per $1,000 face amount and the underwriting discount is 3%.

GS Finance Corp. is offering $2,000,000 aggregate of Bearish Autocallable Absolute Return S&P 500® Index-Linked Notes due May 27, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; estimated value at trade date was $977 per $1,000 face amount and the original issue price is 100%. The notes are automatically called if the S&P 500 closing level on any call observation date falls below 65% of the initial level (initial index level 7,165.08). If not called, a final index decline between 0% and -35% produces a positive cash payoff equal to the absolute index decline (capped at 35%); index returns ≥0% or < -35% result in return of principal only. Trade date is April 24, 2026; determination date is May 24, 2027 (subject to market disruption rules). The offer includes an underwriting discount of 0.65% and net proceeds to issuer of 99.35% of face amount.

GS Finance Corp. offers structured, auto-callable notes maturing May 1, 2031. Each note has a $1,000 face amount and pays a monthly coupon of $8.875 per $1,000 when each referenced stock’s closing price on a coupon observation date is at least 70% of its initial price. The notes reference Tesla, Broadcom, Amazon, American Electric Power and NVIDIA and will be automatically called if, on any call observation date, each index stock is at or above its initial price. Trade date was April 24, 2026 and original issue date is April 29, 2026. The aggregate initial face amount was $688,000; issue price 100%, underwriting discount 1.125%, and net proceeds 98.875%. The estimated value on the trade date was approximately $975 per $1,000 face amount.

GS Finance Corp. is offering digital equity-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc., with payoff linked to the common stock of Micron Technology, Inc. (Bloomberg: "MU UW"). Each note has a $1,000 face amount and does not bear interest. The initial underlier level is $524.56 (set on April 27, 2026); the determination date is May 1, 2028 and the stated maturity is May 4, 2028, each subject to adjustment. If the final underlier level is greater than or equal to the trigger buffer (50% of the initial level), the holder receives the capped maximum settlement amount of $1,568 per $1,000 face amount. If the final level is below the trigger buffer, the cash payoff equals $1,000 plus $1,000 times the underlier return, and holders can lose up to their entire investment. The supplement discloses that the original issue price exceeds the notes' estimated model value and that market value, liquidity, and tax treatment are subject to multiple risks and uncertainties.

GS Finance Corp. is offering principal-protected-notes‑style structured notes linked to the S&P 500® Index with an aggregate face amount of $3,338,000. Payments at maturity depend on the index performance versus an initial level of 7,165.08. If the final index level is at or above the initial level, holders receive the index return up to a $1,100 cap per $1,000 face amount. If the final index level declines up to the 20.2% trigger buffer, holders receive a positive cash payment equal to the absolute value of the index decline. If the final index level declines by more than 20.2%, holders lose principal on a one‑for‑one basis and could lose their entire investment. The notes pay no interest, are senior unsecured obligations of GS Finance Corp., and are unlisted. The determination date is May 7, 2027 and the stated maturity date is May 12, 2027.

GS Finance Corp. is offering contingent quarterly coupon, callable notes linked to the Class A common stock of Alphabet Inc. The issue has an aggregate face amount of $5,640,000, an original issue price of 100% of face and a 1% underwriting discount. Coupons are paid only if the underlier closes at or above a 85% coupon trigger level on observation dates; the quarterly coupon increment used in examples is $41.125 per $1,000 face (subject to accumulation rules). The notes are automatically called if the underlier closes at or above the initial level on any call observation date; otherwise the final cash settlement at maturity depends on the underlier’s performance versus the 15% buffer (buffer rate ≈ 117.65%). Trade date is April 24, 2026, original issue date April 29, 2026, and stated maturity May 13, 2027. The notes are senior debt of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., carry issuer and guarantor credit risk, and may result in the loss of the entire investment if the final underlier level is sufficiently low.

GS Finance Corp. priced a capped, buffer‑protected equity‑linked note tied to Constellation Energy (CEG UW). Each $1,000 note pays no interest and will settle in cash at maturity on October 28, 2027 based on the arithmetic average of five averaging dates in October 2027. If the final underlier level is ≥ the trigger buffer level (75% of the initial underlier level), holders receive the maximum settlement amount of $1,371.60 per $1,000. If the final underlier level is below the trigger buffer, holders lose 1% of face amount for each 1% decline below the initial level and may lose their entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering $2,245,000 aggregate face amount of Trigger Autocallable GEARS linked to an equally weighted basket of 16 stocks and guaranteed by The Goldman Sachs Group, Inc. Trade date is April 24, 2026 with original issue date April 29, 2026. The notes have an autocall feature on the call observation date of May 3, 2027 (call payment date May 6, 2027) at an autocall barrier equal to 100% of initial basket level and a call return of 16.50%. If not called, maturity is tied to the determination date April 24, 2029 (stated maturity April 27, 2029). Key economics: initial basket level 100, upside gearing 1.50, downside threshold 75% of initial level. Estimated value at trade date was approximately $9.53 per $10 face amount. Payments depend on basket performance and are subject to the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced callable Russell 2000® index-linked notes due April 29, 2032 with an aggregate face amount of $500,000 on an original issue price equal to 100% of face amount. The notes pay no interest, may be called monthly beginning April 29, 2027, and redeem at 100% plus a specified call premium.

At maturity the cash payment per $1,000 face is either $1,000 (if the final index level is equal to or below the initial level of 2,787.000) or $1,000 plus participation equal to 100% of the underlier return measured from the trade date to the determination date April 22, 2032. The estimated value on the trade date was approximately $939 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that pay interest at 4.10% per annum. The notes have an expected original issue date of May 14, 2026 and an expected stated maturity date of July 14, 2027. Interest is payable on the interest payment date (expected to be the stated maturity date) unless the issuer redeems earlier. The issuer may redeem the entire series on expected redemption dates of November 14, 2026, February 14, 2027 and May 14, 2027 at 100% of principal plus accrued interest, with at least five business days’ prior notice.

The notes are issued in book-entry form through DTC; they are expected to be delivered in New York on May 14, 2026. For U.S. federal income tax purposes, the notes are anticipated to be issued with original issue discount (OID), and FATCA withholding generally applies.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2038 with a stated interest rate of 5.475% per annum. Interest accrues from the original issue date (expected May 14, 2026) and the notes mature on May 14, 2038. Interest is payable annually (expected 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 scheduled quarterly redemption dates on or after May 14, 2028, with at least five business days’ prior notice and a redemption price equal to 100% of principal plus accrued interest.

The offering will settle through DTC (book‑entry) and is initially distributed by Goldman Sachs & Co. LLC and InspereX LLC; underwriting discounts and the initial price to public may vary for certain account types. FATCA withholding rules apply.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2032 that pay interest at 5% per annum, with an expected original issue date of May 14, 2026 and expected stated maturity of May 14, 2032. Interest is payable annually each expected May 14, with the first payment expected on May 14, 2027.

The issuer may redeem the notes in whole, but not in part, on expected quarterly redemption dates on or after May 14, 2027 (each expected Feb 14, May 14, Aug 14 and Nov 14) at a redemption price equal to 100% of principal plus accrued interest, subject to at least five business days’ prior notice. The notes will be issued in book-entry form as a master global note held by DTC. FATCA withholding rules apply and underwriting is led by Goldman Sachs & Co. LLC and InspereX LLC, with market-making by the underwriters not guaranteed.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due May 4, 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes pay a contingent monthly coupon of $8.334 per $1,000 if each underlier meets an 80% trigger on observation dates and are automatically called if each underlier is at or above its initial level on a call observation date. Cash at maturity (if not called) is determined by the lesser performing underlier versus its initial level, with a 20% buffer and a buffer rate of 100%; losses can be substantial if an underlier falls below the buffer level. Trade date is May 1, 2026 and original issue date is May 6, 2026. The underliers are the Nasdaq-100 Technology Sector Index and the S&P 500® Index.

GS Finance Corp. is offering $1,000 face amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a stated maturity of May 5, 2032. The notes feature semi-annual automatic call triggers and capped call/maturity premiums; estimated trade-date value is $885 to $935 per $1,000.

The index applies a 5% volatility control, a momentum risk control and a 0.65% per annum deduction; portions of the index may be allocated to hypothetical cash positions, which can materially limit index returns.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes that bear interest at 4.375% per annum, payable semiannually, expected to be issued on May 15, 2026 and maturing on May 15, 2028. Interest payments are expected on May 15 and November 15, with the first payment expected November 15, 2026. The notes are callable at the issuer’s option, in whole but not in part, on scheduled redemption dates (each February 15, May 15, August 15 and November 15 on or after November 15, 2026) upon at least five business days prior notice, 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 to DTC. Settlement is expected in New York on May 15, 2026. The offering is being distributed by Goldman Sachs & Co. LLC and InspereX LLC, which intend to make a market but are not obligated to do so. FATCA withholding applies.

GS Finance Corp. is offering $9,133,000 of Trigger Autocallable Contingent Yield Notes with Memory Coupon Feature due 2029, guaranteed by The Goldman Sachs Group, Inc.

The notes pay contingent quarterly coupons tied to Dell Technologies Inc. (Class C) closing prices and may be automatically called beginning July 2026 if the stock closes at or above the initial price of $216.09. At maturity the principal repayment is contingent: if the final price is below the downside threshold (50% of the initial price) investors receive a reduced cash settlement linked to the percentage change in the stock and could lose all or most of their investment. The original issue price is 100% of face amount; the estimated value on the trade date was ~ $9.62 per $10 face amount.

GS Finance Corp. offers $29,993,000 of Contingent Income Auto-Callable Securities linked to the Class A common stock of CoreWeave, Inc., due April 27, 2029. Each $1,000 security has an initial share price of $110.14, a downside threshold of $55.07 (50.00%) and may pay contingent quarterly coupons only if observation-date prices meet the threshold. Securities are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., are subject to issuer credit risk, may be automatically called if the underlying closes at or above the initial share price on any call observation date, and can result in a loss of principal if the final share price is below the downside threshold.

GS Finance Corp. priced principal-at-risk notes linked to the Nasdaq-100 Index and the S&P 500 Index with an aggregate face amount of $2,050,000. Each $1,000 face amount pays no interest and at maturity either (1) returns $1,000 plus 120% participation of the lesser performing underlier's gain, (2) returns the face amount if each final underlier level is ≥ 85% of its initial level (the buffer level), or (3) delivers a reduced cash amount if the lesser performing underlier is below the buffer, with losses equal to 1% of face for each 1% below the buffer. Trade date: April 24, 2026; stated maturity date: April 29, 2031. Notes are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., carry issuer/guarantor credit risk, and were offered at 100% of face with a 1.125% underwriting discount.

GS Finance Corp. offers non‑interest bearing, principal‑at‑risk notes linked to an equally weighted basket of eight stocks with an initial basket level of 100. The notes may be automatically called on the call observation date (expected May 14, 2027) for at least $1,208 per $1,000 face amount; otherwise payoff at maturity on May 4, 2028 depends on the basket return, a 125% upside participation rate and a 15% buffer (buffer rate approx. 117.65%). The trade date and initial basket stock prices are expected to be set on May 1, 2026. Estimated value at pricing is between $900 and $930 per $1,000 face amount.

GS Finance Corp. is offering capped, non‑interest notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with a trade date of April 24, 2026 and a stated maturity date of May 1, 2031. The notes pay no interest, may be automatically called beginning October 26, 2026 if the underlier closes at or above 90% of the initial level (467.17), and return a capped amount on maturity based on the underlier performance. A daily 6.0% per annum decrement reduces the index level, leverage may be up to 500%, and the estimated value at pricing was approximately $962 per $1,000 face amount. The maximum cash payment at maturity if not called is $2,060.02 per $1,000. Payments are subject to the issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-protected notes linked to the SPDR® Gold Trust (GLD) with payments at maturity tied to GLD's performance from the trade date to the determination date. For each $1,000 face amount, investors receive at least $1,105.50 if the final GLD level is ≥90% of the initial level; below that threshold losses occur via a buffer mechanism (buffer rate ≈111.11%). The notes do not pay interest, are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and carry credit and market risks, including possible total loss of principal. Estimated value at trade date: $900–$930 per $1,000 face amount.

GS Finance Corp. priced digital equity-linked notes linked to Chewy, Inc. common stock. Each note has a $1,000 face amount, an initial underlier level of $25.22 (set April 27, 2026), a trigger buffer at 70% of that level, a capped maximum settlement of $1,370 per $1,000, a determination date of October 28, 2027 and a stated maturity of November 2, 2027.

If the final underlier level is at or above the trigger buffer level, holders receive the capped maximum settlement; if below, holders lose 1% of face amount for each 1% decline below the initial level and could lose their entire investment. The notes pay no interest and are subject to issuer and guarantor credit risk.

The pricing supplement describes notes issued by GS Finance Corp., linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6). The notes pay a potential monthly coupon of $11.667 per $1,000 (1.1667% monthly) if the index on a coupon observation date is ≥ 60% of the initial underlier level. The index applies volatility-targeted, signal-based exposure to E-mini S&P 500 futures, permits up to 500% leverage, caps daily leverage change at 100%, and deducts a 6.0% per annum daily decrement. Notes may be automatically called on quarterly call observation dates if the index is ≥ the initial underlier level; maturity is expected April 28, 2031. The estimated initial model value is between $885 and $925 per $1,000 face. The notes expose holders to issuer and guarantor credit risk, complex underlier behavior, leverage amplification of losses, roll/financing costs, and tax uncertainty.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity for each $1,000 face amount depends on S&P 500 performance from the trade date to the determination date and is capped at a maximum upside settlement amount of $1,227.50. If the final underlier level is at or above the initial level, investors receive the underlier return up to the cap. If the final level falls but stays within a 10% buffer (buffer level = 90% of the initial level), the notes pay the absolute value of the decline as a positive return. If the final level falls below the buffer level, investors suffer losses equal to 1% of face amount for each 1% decline beyond the buffer. The notes pay no interest and are subject to issuer and guarantor credit risk. Key dates include trade date April 28, 2026, original issue date April 30, 2026, determination date April 28, 2028, and stated maturity May 3, 2028.

GS Finance Corp. prices structured notes with guaranty from The Goldman Sachs Group, Inc. These non‑interest bearing, unsecured notes mature on May 3, 2030 and include an automatic call feature beginning with an observation date on April 30, 2027. Each note's return is linked to two underliers: the EURO STOXX 50® Index and the State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY), with cash payoffs determined by the performance of the lesser performing underlier.

Key economic terms: if each underlier ≥90% of initial level on a call observation date the notes are automatically called and pay the face amount plus a call premium (11.7% to 46.8% depending on call date). If not called, maturity payoffs are: $1,468 per $1,000 if each final level ≥90%; $1,000 if each final level ≥70%; otherwise a loss based on the lesser performing underlier return. The estimated value at pricing is $905–$945 per $1,000 face; original issue price is 100%.

The Goldman Sachs Group, Inc. is offering $10,757,000 of Callable Fixed Rate Notes due April 28, 2051. The notes pay interest at 6.00% per annum, payable each April 28 with the first payment on April 28, 2027. The issuer may redeem the notes in whole, but not in part, on each redemption date (each January 28, April 28, July 28 and October 28 on or after April 28, 2028) upon at least five business days’ prior notice at a price equal to 100% of principal plus accrued interest.

The initial price to public is 100% ($10,757,000); underwriting discount is 0.931% ($100,147.67), and proceeds before expenses to The Goldman Sachs Group, Inc. are $10,656,852.33. The notes will be issued in book‑entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. priced a series of buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and returns at maturity depend on the S&P 500 performance from the trade date to the determination date. The notes pay no interest.

Protection: a 20% buffer (buffer level 80% of initial underlier) causes losses to flip into positive returns for declines up to 20%. Upside is capped at a maximum cash settlement of $1,210 per $1,000 face amount. Trade date is May 29, 2026; original issue date is June 3, 2026; determination and stated maturity dates are in May–June 2028, subject to adjustment.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes bearing interest at 5.2% per annum, expected to be issued on May 14, 2026 and maturing on May 14, 2034. Interest payments are expected 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 certain quarterly redemption dates on or after May 14, 2028, at a redemption price equal to 100% of principal plus accrued interest with at least five business days’ prior notice. 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 2028 totaling $16,519,000. The notes pay interest at 4.30% per annum from and including the original issue date April 28, 2026 to but excluding the stated maturity date April 28, 2028, with semiannual payments on April 28 and October 28 (first payment October 28, 2026). The notes are callable by the issuer in whole, on scheduled quarterly redemption dates on or after October 28, 2026, at 100% of principal plus accrued interest with at least five business days’ notice.

Initial price to public is 100.00% (aggregate $16,519,000); underwriting discount is 0.348% (aggregate $57,486.12), yielding proceeds before expenses of $16,461,513.88. The offering will settle on April 28, 2026 and the notes are a new issue with no established trading market.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index-Linked Notes due May 27, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay cash at maturity linked to the GSMBFC5 Index, have an upside participation rate of 100%, an automatic annual call feature with tiered call premiums, and are subject to a 0.65% per annum deduction in the index calculation. The trade date is May 26, 2026 with original issue date May 29, 2026. The pricing supplement discloses estimated trade‑date value of $850 to $880 per $1,000 face amount and highlights material risks including issuer/guarantor credit risk, limited upside if called, substantial potential allocation to hypothetical cash positions, volatility and momentum control mechanics, and special U.S. tax treatment as contingent payment debt instruments.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2031 that pay interest at 5.00% per annum from and including the expected original issue date of May 14, 2026 to but excluding the expected stated maturity date of May 14, 2031. Interest is payable each May 14 and November 14, with the first payment expected on November 14, 2026.

The notes are callable at the issuer's option, in whole but not in part, on scheduled redemption dates beginning on or after May 14, 2027 (each Feb 14, May 14, Aug 14 and Nov 14) at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. The notes will be issued in book-entry form through DTC and are a new issue with no established trading market.

GS Finance Corp. is offering callable, equity‑linked notes tied to the Class A common stock of Vertiv Holdings Co. The notes are issued in $1,000 denominations (aggregate face amount $500,000 on the original issue date), pay a fixed coupon of $33.875 per $1,000 each quarter (3.3875% quarterly, up to 13.55% per annum) and mature on April 27, 2029. The notes will be automatically redeemed early if the closing price of the index stock equals or exceeds the initial index stock price of $323.46 on any call observation date; otherwise the cash payment at maturity depends on the index stock return measured from the trade date (April 24, 2026) to the determination date (April 24, 2029) with a 50% trigger buffer. If the final index stock price is below 50% of the initial price, holders suffer proportional principal loss. The estimated value at pricing was approximately $967 per $1,000 face amount. Holders are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable contingent-coupon notes due November 5, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, pay a monthly contingent coupon of $7.917 per $1,000 (0.7917% monthly, ~9.50% per annum) only if each underlier is ≥75% of its initial level on the related coupon observation date, and are automatically called on a quarterly call payment date if each underlier is ≥ its initial level on that call observation date. At maturity (if not called), the cash settlement per $1,000 depends on the performance of the lesser performing underlier; if that underlier is below its 70% trigger buffer level, the investor can lose substantially, including the entire investment. Trade date is April 29, 2026, original issue date May 4, 2026, CUSIP 40059DK97. Calculation agent: Goldman Sachs & Co. LLC.

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the common stock of Exxon Mobil Corporation (Bloomberg: XOM UN). The securities feature an automatic call if the index stock closes at or above an autocall barrier of 100.00% on the call observation date, producing a capped call return of 24.00%. If not called, upside exposure at maturity is enhanced by an upside gearing expected between 1.30 and 1.50, while a downside threshold of 75.00% of the initial price means holders can lose a substantial portion or all principal if the final stock price is below that threshold. Trade date and original issue dates are expected April 29–30, 2026; the call observation date is expected May 6, 2027 and the determination/maturity dates are expected April 30, 2029 / May 3, 2029. Payments are unsecured and subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced $ Buffered Russell 2000® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays at maturity based on the Russell 2000® index performance from trade date to determination date. A 15% buffer means declines up to 15% produce a positive absolute return; declines beyond the buffer cause proportional losses. The maximum cash payment is capped at $1,252.50 per $1,000 face amount. Notes pay no interest and are subject to issuer and guarantor credit risk, limited secondary-market liquidity, and tax characterization uncertainty.

GS Finance Corp. prices equity‑linked medium‑term notes (Series F) guaranteed by The Goldman Sachs Group, Inc. The offering sells securities with a $1,000 face amount that are auto‑callable on June 3, 2027 for at least a 9.00% call premium and mature on June 1, 2029. If not called, maturity payoff depends on the S&P 500® Index performance: 125% upside participation if the index finishes above the starting level; full 1:1 downside exposure if the ending level falls below 75% of the starting level. Estimated value at pricing is between $900 and $930 per $1,000 face amount; original offering price is $1,000 with proceeds to issuer of $974.25 per security. Payments are unsecured and subject to issuer/guarantor credit risk; these securities are designed to be held to maturity and have no periodic interest or dividend rights.

GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER index‑linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will repay either the face amount or, if the index rises, $1,000 + ($1,000 × the upside participation rate × the index return). The upside participation rate is at least 425%. The notes reference the GSMBFC5 Index, which daily rebalances among up to nine underlying indices plus a return‑based money market position and may allocate substantially to non‑interest bearing cash positions. The index and the notes are subject to a 0.65% per annum deduction (accruing daily) and a 5% realized volatility control. Trade date is May 26, 2026, original issue date May 29, 2026, determination date November 26, 2029 and stated maturity November 29, 2029. The notes do not pay interest, are unsecured senior debt of GS Finance Corp., are guaranteed by The Goldman Sachs Group, Inc., and are subject to the credit risk of both entities. If the index return is zero or negative, holders will receive only the face amount at maturity. Additional risks include limited operating history of the index, significant possible allocations to cash positions that earn no excess return, potential reduced exposure from volatility and momentum controls, market illiquidity and complex U.S. tax treatment for contingent payment debt instruments.