Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, autocallable notes linked to the Russell 2000 Index, the S&P 500 Index and the State Street SPDR S&P Regional Banking ETF (KRE). The notes have an original issue price of 100% and a stated maturity date of April 24, 2031, unless automatically called on an observation date beginning in October 2026. Monthly coupons of $10.834 per $1,000 are payable only if the closing level of each underlier on a coupon observation date is at least 70% of its initial level (initial levels set on April 20, 2026). If any underlier is below 70% of its initial level on the final determination date, the cash settlement at maturity is based on the lesser performing underlier and may result in a loss of principal (potentially substantially below face amount). The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. priced Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Invesco QQQ Trust, Series 1 and the State Street SPDR S&P Metals & Mining ETF. The notes pay quarterly contingent coupons of $0.2775 per $10 face (up to 11.10% per annum) only if both ETFs meet a 65% coupon barrier on observation dates. Commencing October 2026 the notes may be automatically called if both ETFs close at or above their initial ETF prices ($651.42 for QQQ and $117.64 for XME). If not called, principal repayment at maturity depends on the lesser performing ETF: holders receive $10 if each ETF is at or above a 65% downside threshold, otherwise repayment equals $10 multiplied by the lesser performing ETF return, potentially causing substantial or total loss. Estimated value on the trade date is $9.45–$9.75 per $10 face; original issue price is 100% with a 2.00% underwriting discount.

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes due June 10, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays a contingent monthly coupon of $10.542 if the underlier meets the coupon trigger. The underlier is Alphabet Inc. Class C ("GOOG UW"). Coupons are paid when the underlier's closing level on an observation date is at least 70% of the initial level; the same 70% level serves as the trigger buffer for principal protection. Notes are automatically called early if the underlier's closing level on a call observation date is greater than or equal to the initial underlier level. If not called, cash settlement at maturity depends on the underlier return and may result in a loss of principal, including the potential to lose the entire investment.

GS Finance Corp. offers autocallable equity-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of NVIDIA Corporation ("NVDA UW") with an upside participation rate of 125%, a buffer level of 80% and a capped automatic call payoff of $1,200 per $1,000 if the call condition is met. The notes pay no interest, are cash-settled, and may return between 20% and 225% of face at maturity depending on NVDA performance and the buffer mechanics. Trade date is May 7, 2026, original issue date May 12, 2026, and stated maturity May 11, 2028. The offering includes an underwriting discount of 1.75% and net proceeds to the issuer of 98.25% of face amount. The notes are subject to issuer and guarantor credit risk, limited liquidity, tax uncertainty, and significant potential loss if the final underlier level falls below the buffer.

GS Finance Corp. issues non‑interest, basket‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes mature on May 26, 2027 and pay a cash settlement tied to an equally‑weighted basket of six listed stocks (Apollo, Ares, Blackstone, Carlyle, KKR, TPG). If the final basket level on the determination date is at least 90% of the initial basket level (initial level 100), each $1,000 face amount will pay the capped $1,271.8 maximum settlement amount; if the final basket level falls below that threshold, holders suffer losses (approximately 1.1111% of face amount per 1% basket decline below 90%), up to a total loss of principal. The original issue price is 100% of face amount; underwriting discount is 0.82% and net proceeds to the issuer are 99.18% of face amount. The prospectus notes an estimated value of approximately $968 per $1,000 face amount on the trade date and emphasizes credit risk of the issuer and guarantor and limited anti‑dilution and liquidity protections.

GS Finance Corp. offers structured Notes linked to a Class A subordinate voting share of Shopify Inc. The notes mature on April 27, 2029 (subject to business‑day adjustments) and may be redeemed at GS Finance Corp.'s option on monthly coupon payment dates beginning in October 2026. Coupons of $21.25 per $1,000 (2.125% monthly, potential 25.5% per annum) are payable on a coupon date only if the index stock closing price on the related coupon observation date is at least 60% of the initial index stock price of $131.96. At maturity, cash settlement depends on the final index stock price versus a 50% trigger buffer: if the final price is 50% of the initial price, principal is reduced pro rata and investors may lose most or all principal. The estimated value at pricing was approximately $981 per $1,000 face amount; original issue price is 100% with a 1% underwriting discount.

GS Finance Corp. priced medium-term, S&P 500®-linked notes that pay no interest and may be automatically called. Each $1,000 face amount pays $1,113 if the closing level on the call observation date is greater than or equal to the initial level. If not called, final maturity payment depends on the S&P 500 return, a 140% upside participation rate, and a 20% buffer with a 125% buffer rate. The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have an original issue price of 100% and trade with key dates: trade date April 22, 2026, original issue date April 27, 2026, call observation date April 28, 2027 and stated maturity April 25, 2030.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced an auto-callable structured note linked to three underliers: the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF (XLU). The notes mature April 29, 2031, unless automatically called on observation dates commencing April 2027. Coupons of $22.50 per $1,000 (2.25% quarterly, up to 9% per annum) are payable on a coupon payment date only if the closing level of each underlier on the related coupon observation date is at least 65% of its initial level. If any underlier is below 65% of its initial level on the final determination date, the cash settlement at maturity is reduced pro rata based on the lesser performing underlier (i.e., you can lose more than a portion of principal, possibly all). Trade date was April 22, 2026, original issue date April 27, 2026, issue price 100%, underwriting discount 4.125%, estimated value at pricing approximately $986 per $1,000 face amount.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes (Series F) linked to the lowest performing of Alphabet Class A, Tesla, Netflix and Oracle, due May 5, 2031. Each note has a $1,000 face amount, pays no interest and may be automatically called on scheduled call dates for a fixed call premium. If not called, the maturity payment equals the face amount. The issuer and guarantor credit risk (GS Finance Corp. and The Goldman Sachs Group, Inc.) applies. The pricing date is April 30, 2026, and the original issue date is May 5, 2026. The pricing models estimate the notes' initial value between $885 and $915 per $1,000 face amount; the offering price is $1,000 per note.

GS Finance Corp. priced a structured, non‑interest bearing note linked to the S&P 500® Futures Excess Return Index. For each $1,000 face amount, maturity payoffs vary: above the initial level the payoff equals $1,000 plus 193.5% of the underlier return; if the final level is between the initial level and 85% of initial you receive $1,000; below the 85% buffer you incur losses proportional to the underlier decline.

The trade date is April 22, 2026, original issue date April 27, 2026, determination date April 22, 2031, and stated maturity April 25, 2031. Aggregate face amount shown is $1,972,000. The notes are senior debt of GS Finance Corp., unlisted, and guaranteed by The Goldman Sachs Group, Inc.; market value and tax treatment carry specified risks.

GS Finance Corp. offers contingent monthly coupon autocallable notes under a pricing supplement dated April 22, 2026 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

The offering is for an aggregate face amount of $1,434,000. The notes pay a contingent monthly coupon of $7.292 per $1,000 (0.7292% monthly, potential up to approximately 8.75% per annum) when each underlier is at or above its 75% coupon trigger level on observation dates. If not auto‑called, maturity cash is based on the lesser performing underlier and can result in a total loss of principal; trigger buffer level is 70% of each initial underlier level. Trade date is April 22, 2026 and stated maturity is April 29, 2031.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest notes linked to an equally weighted six‑stock basket. The notes mature on April 30, 2029 and can be automatically called if the basket closing level on the call observation date (April 22, 2027) is ≥ the initial basket level (100), triggering a payment of $1,098 per $1,000 face amount on the call payment date (April 29, 2027). If not called, maturity payment depends on the basket return: positive returns receive principal plus 150% participation; final levels between 60% and 100% return principal; below 60% return results in proportional loss (possible loss >40%). Trade date is April 22, 2026; original issue price is 100% with underwriting discount 2.75%. The estimated value at pricing was approximately $935 per $1,000 face amount.

GS Finance Corp. is offering structured, non‑interest bearing medium‑term notes (aggregate face amount $270,000) guaranteed by The Goldman Sachs Group, Inc. Payments are cash‑settled and linked to the performance of three underliers: the S&P 500, EURO STOXX 50 and the iShares MSCI Emerging Markets ETF (EEM). The notes feature an automatic call on two annual observation dates with call premiums of 10.5% and 21%, a capped maturity upside of 31.50%, and a 70% buffer level that limits losses only above that threshold. The stated maturity date is April 30, 2029.

GS Finance Corp. priced a $2,095,000 offering of Trigger Autocallable Contingent Yield Notes due October 26, 2027, linked to the common stock of Eli Lilly and Company. The notes pay a contingent quarterly coupon of $0.485 per $10 face amount (up to 19.40% per annum) only if the index stock closes at or above a 75.00% coupon barrier on each observation date. The notes are automatically called beginning July 21, 2026 if the stock closes at or above the initial price of $903.02 on a call observation date; at maturity holders receive either full face amount plus any final contingent coupon if the final price is at or above the 75.00% downside threshold, or a reduced cash settlement that reflects the percentage decline in the stock if below that threshold. Payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering $1,000 face-amount Leveraged Buffered Russell 2000 Index-Linked Notes due June 11, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and deliver a cash payment at maturity linked to the Russell 2000Index performance between the trade date and determination date, with a 10% buffer, 110% upside participation and a $1,220 maximum settlement amount. The notes expose holders to issuer and guarantor credit risk and may result in substantial principal loss if the final index level is below the 90% buffer level.

GS Finance Corp. is offering callable, equity-linked notes tied to the common stock of EPAM Systems, Inc. The notes have an expected trade date of April 30, 2026, an original issue date of May 5, 2026 and an expected stated maturity date of May 3, 2029. Each $1,000 face amount pays a quarterly coupon of $40.75 if the index stock closing price on the related coupon observation date is at least 60% of the initial index stock price (4.075% quarterly; potential up to 16.3% per annum). The notes are automatically called if, on any call observation date, the index stock closing price is greater than or equal to the initial index stock price. At maturity, if not called, the cash settlement amount per $1,000 depends on the index stock return versus the initial index stock price; if the final index stock price is less than 60% of the initial index stock price, holders receive $1,000 plus (index stock return × $1,000), which could result in receiving less than 60% of face amount. The estimated value at issuance is between $925 and $955 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and the guarantor, The Goldman Sachs Group, Inc.

The issuer, GS Finance Corp., is offering structured notes linked to the common stock of FactSet Research Systems Inc. The notes mature expected on May 3, 2029 and may be automatically called on observation dates beginning July 2026 through January 2029.

Each $1,000 face amount pays a quarterly coupon of $34.50 if the index stock's closing price on the coupon observation date is at least 60% of the initial index stock price; otherwise no coupon is paid. At maturity, payment depends on the index stock return with a downside buffer at -40% (i.e., 60% of initial price): if final price is below that level, investors receive a pro rata loss based on the index stock return. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to those credit risks. The estimated value at pricing is between $925 and $955 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering ETF-linked notes due 2031. The notes (per $1,000 face) pay at maturity based on the lesser-performing of Invesco QQQ Series 1 (QQQ) and State Street SPDR S&P 500 ETF (SPY), with an upside participation rate of 108.5%. If both underliers finish at or above their initial levels, you receive $1,000 plus 1.085 times the lesser-performing ETF return; if any underlier finishes between 85% and 100% of its initial level, you receive $1,000; if any underlier finishes below 85% of its initial level, you receive $1,000 multiplied by (lesser-performing ETF return + 15%), which can result in substantial principal loss. Trade date, determination date and expected stated maturity are set on the trade date: trade date expected April 29, 2026, stated maturity expected May 2, 2031. Estimated value on the trade date is expected between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering principal-at-risk structured notes linked to the lesser-performing of the Global X Uranium ETF (URA) and the Global X Copper Miners ETF (COPX). Trade date is expected to be May 15, 2026 and the stated maturity is expected to be May 20, 2031. For each $1,000 face amount, the cash payment at maturity depends on the lesser performing ETF return: if both ETF returns are ≥0% you receive the greater of $1,920 or $1,000 plus the lesser performing ETF return; if any ETF return is negative but ≥-50% you receive $1,000 plus the absolute value of the lesser performing ETF return; if any ETF return is less than -50% you receive $1,000 plus the lesser performing ETF return (which would be a loss). The notes do not pay interest, are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc. The estimated value on the trade date is between $850 and $890 per $1,000 face amount. The calculation agent is Goldman Sachs & Co. LLC and it has broad discretion over determinations, successor underliers, and anti-dilution adjustments.

GS Finance Corp. offers $1,000‑denominated Leveraged Buffered S&P 500® Index‑Linked Notes due June 11, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 performance from the trade date to the determination date with a 110% upside participation capped at a $1,150 maximum settlement, a 10% buffer (buffer level = 90%) and full principal loss beyond the buffer. Trade date is May 8, 2026 with original issue date May 13, 2026. The notes pay no interest and are unsecured senior debt of GS Finance Corp., exposing holders to issuer and guarantor credit risk.

GS Finance Corp. is offering leveraged callable notes due April 27, 2033, guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Futures Excess Return Index. Each $1,000 face amount will pay at maturity either $1,000 or $1,000 plus 5 times the index return if the final index level exceeds the initial level of 575.55. The issuer may redeem the notes on scheduled monthly call payment dates beginning April 27, 2027, at 100% plus a specified call premium. The estimated value on the trade date was approximately $944 per $1,000, with an original issue price of 100% and an underwriting discount of 4.125%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable structured notes linked to the common stock of AMD, Micron, NVIDIA and Tesla. Each $1,000 face amount note pays either a maximum coupon (calculated as $6.50 per coupon observation date cumulative logic, equal to 0.65% monthly / potential up to 7.8% per annum) or a minimum coupon of $0.209 per month (approximately 0.25% per annum), depending on monthly observation-date stock performance versus 80% of initial prices. Notes may be automatically called if, on a call observation date, each index stock closes at or above its initial price. Trade date is expected to be April 30, 2026, original issue date expected May 5, 2026, and stated maturity expected May 7, 2031. The estimated value at pricing is stated as $885 to $925 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and calculation-agent determinations by Goldman Sachs & Co. LLC.

GS Finance Corp. offers indexed, principal‑at‑risk notes tied to a five‑stock equally weighted basket. The notes mature on April 29, 2031 and may be automatically called on observation dates beginning April 22, 2027 for predetermined call premiums. Payments at maturity depend on the basket return versus an initial basket level of 100 with a trigger buffer of 50%; estimated value on the trade date is approximately $903 per $1,000 face amount. Original issue price is 100% and underwriting discount is 4.125%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer credit risk and calculation‑agent discretion.

GS Finance Corp. offers $7,275,000 of callable notes guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no periodic interest, participates 100% in positive index performance subject to caps from an automatic-call feature, and returns at least principal at maturity unless default occurs. The notes link to the Goldman Sachs Momentum Builder® Focus ER Index (Bloomberg: GSMBFC5 Index), which daily rebalances among up to nine underlying indices plus cash, applies a 0.65% per annum deduction (accruing daily) and volatility/momentum controls. The notes may be automatically called on annual observation dates with increasing call levels and call premiums; estimated trade-date value was $899 per $1,000 face amount and an additional amount of $54.75 declines to zero on July 21, 2026.

GS Finance Corp. / The Goldman Sachs Group, Inc. priced Dual Directional Buffered Participation Securities linked to the Nasdaq-100 Index. Each $1,000 note pays at maturity based on index performance to the valuation date, with a 20.00% buffer, a minimum payment of $200, and a maximum upside capped at $1,174 (117.40%). The securities do not pay interest, carry issuer and guarantor credit risk, and have an estimated value range of $910 to $970 per $1,000 principal at pricing. The offering includes a 2.50% underwriting discount and a $25 selling concession to Morgan Stanley Wealth Management.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2027 that bear interest at 4.20% per annum from and including the original issue date (expected May 8, 2026) to but excluding the stated maturity date (expected July 8, 2027). Interest is payable on expected dates November 8, 2026, May 8, 2027 and at maturity. The issuer may redeem the notes in whole, but not in part, on expected redemption dates November 8, 2026, February 8, 2027 and May 8, 2027, at a price equal to 100% of principal plus accrued interest, with at least five business days’ notice. The notes will be issued in book-entry form through DTC, have no sinking fund, and are a new issue with no established trading market. Pricing and underwriting discounts will vary by investor type and the initial price to public may be less than 100% for certain accounts.

GS Finance Corp. is offering principal-protected-style notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an expected trade date of April 29, 2026, an original issue date expected to be May 4, 2026, and an expected stated maturity date of May 6, 2031.

The notes do not pay interest and include an automatic call feature beginning with a call observation date in October 2026. If a call observation date’s closing index level is at least 90% of the initial level, the notes will be automatically redeemed for principal plus a specified call premium. If not called, the maturity cash payment is determined by the underlier return with a maximum settlement amount of $1,725.04 per $1,000 face amount, a trigger buffer at 60%, and a daily 6.0% per annum decrement. The issuer discloses an estimated initial model value between $885 and $925 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the VanEck Oil Services ETF (OIH) and the State Street Energy Select Sector SPDR ETF (XLE). Each $1,000 face amount pays a conditional coupon of $7.50 per month (0.75% monthly, up to 9% per annum) when both ETFs close at or above 70% of their initial levels on an observation date.

The notes have an expected trade date of April 30, 2026, an expected original issue date of May 5, 2026, and an expected stated maturity of November 6, 2028. They are subject to an automatic call on observation dates commencing October 2026 if both ETFs close at or above their initial levels, in which case holders receive principal plus the coupon on the related call payment date. At maturity (if not called), payoff depends on the lesser performing ETF return versus buffer levels (buffer 80%, coupon trigger 70%), potentially resulting in significant loss if the lesser performing ETF falls below the buffer. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Credit risk, market-disruption adjustments, successor-underlier provisions, and tax uncertainties are disclosed.

GS Finance Corp. is offering non-interest bearing, equity-linked medium-term notes whose cash payoff at maturity is tied to the Class A common stock of Cloudflare, Inc.

Each $1,000 face amount may pay a capped positive amount if the final stock price is ≥ 80% of the initial price (a threshold settlement amount expected between $1,315.4 and $1,371), but holders bear full credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. The notes have an estimated value on the trade date of $950–$980 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of ServiceNow, Inc. (underlier: NOW). The notes pay a contingent quarterly coupon of $42.50 per $1,000 (4.25% quarterly; up to 17.00% per annum) only when the closing level of the underlier is at or above a coupon trigger of 50% of the initial level. The notes will be automatically called if, on any call observation date, the closing level is greater than or equal to the initial underlier level. At maturity (if not called), cash settlement is $1,000 if the final underlier level is at or above the trigger buffer (50%); if below, repayment equals $1,000 × underlier return, meaning investors could lose up to 100% of principal. Trade date is April 30, 2026, original issue date May 5, 2026, and stated maturity May 3, 2029. The original issue price is 100% of face amount with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp. is offering Buffer Autocallable GEARS linked to the S&P 500® Index, with securities issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of April 28, 2026, original issue date of April 30, 2026, a call observation date of May 5, 2027 (call payment date May 10, 2027) and a determination date of April 30, 2029 (stated maturity May 3, 2029).

The terms include an autocall at 100.00% of the initial index level with an 8.00% call return, upside gearing expected between 1.515 and 1.715, a 10.00% buffer and a downside threshold at 90.00% of the initial index level. Payments depend on index performance and are subject to issuer/guarantor credit risk; the estimated value on the trade date is between $9.35 and $9.65 per $10 face amount. Investing involves substantial risk, including potential loss of a large portion of principal.

GS Finance Corp. priced $6,100,000 of Trigger Autocallable GEARS due 2029, guaranteed by The Goldman Sachs Group, Inc. These unsecured notes reference the Class A common stock of Meta Platforms, Inc. (META). Key economics: face amount $10, upside gearing 1.52, downside threshold 60.00% of the initial index stock price, autocall barrier 100%, call return 17.25%. Strike date was April 21, 2026, trade date April 22, 2026, original issue date April 24, 2026, call observation date April 28, 2027, and stated maturity date April 26, 2029. The estimated value on the trade date was approximately $9.70 per $10 face amount. Payments depend on Meta’s closing prices on the call observation date or determination date and on the issuer/guarantor creditworthiness; investors may lose a significant portion or all of their investment.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Constellation Energy Corporation (ticker: CEG UW) with an initial underlier level of $292.77 (set April 23, 2026). At maturity on October 28, 2027, payment is determined by the arithmetic average of the underlier on five averaging dates in October 2027. If the final underlier level is at or above a trigger buffer level of 75% of the initial underlier, holders receive a capped maximum settlement amount of $1,371.60 per $1,000 face amount. If the final underlier is below the trigger buffer, holders lose 1% of face amount for every 1% decline below the initial underlier and could lose the entire investment. The notes pay no interest and were issued at 100% of face amount with a 1.25% underwriting discount.

GS Finance Corp. priced a structured offering of Trigger Autocallable Notes linked to the S&P 500® Index, guaranteed by The Goldman Sachs Group, Inc. The notes pay limited, time‑increasing call returns (8.00%–41.25% range by call date) if autocall conditions are met; otherwise principal at maturity is contingent on the final index level versus a 75.00% downside threshold.

The notes mature April 29, 2031 (determination date April 24, 2031) and may be automatically called annually beginning after 12 months. Payments and any principal repayment are subject to issuer and guarantor credit risk; the estimated value at issuance is $9.40–$9.70 per $10 face amount.

GS Finance Corp. priced $1,808,000 face amount of callable 10-Year CMT Rate‑Linked Range Accrual Notes due April 24, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay interest monthly on the 24th, beginning May 24, 2026, only for reference‑rate observation days when the 10‑year CMT is ≤ 4.80% and use an interest factor of 8.75%. Interest for each monthly payment is determined by the fraction of reference dates in the prior interest period meeting that threshold, times the interest factor, using a 30/360 (ISDA) day count.

Key commercial terms: original issue price 100% of face, underwriting discount 1.15%, estimated value ≈ $982.5 per $1,000 face at trade date April 22, 2026. The issuer may redeem any monthly payment date on or after April 24, 2027 at 100% of face plus accrued interest. Proceeds will be loaned to The Goldman Sachs Group, Inc.; market‑making, hedging and model valuation practices (by GS&Co.) are described as potential value‑drivers and conflicts.

GS Finance Corp. offers $7,400,000 of medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent quarterly coupon of $27.50 per $1,000 (2.75% quarterly; up to 11.00% per annum) only if each underlier is at or above 60% of its initial level on the related coupon observation date. The cash settlement at maturity (April 26, 2029) is linked to the lesser performing underlier: if that underlier is below 60% of its initial level at the determination date, repayment is reduced pro rata by that underlier’s return and investors could lose their entire investment. Notes are subject to an automatic call if, on any call observation date, each underlier is at or above its initial level; original issue price is 100% with a 1.5% underwriting discount and net proceeds of 98.5%.

GS Finance Corp. priced autocallable index-linked notes due May 7, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100®, S&P 500® and Russell 2000® indices, may be automatically called on the call observation date April 30, 2027, and pay $1,180 per $1,000 if called.

The maturity payout is linked to the lesser performing index: upside participation is 150%, a trigger buffer level is 70%, and severe declines below 70% can cause substantial principal loss, including total loss if an underlier falls to 0%. The estimated value at pricing is between $925 and $955 per $1,000.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 (SPX Index) with an initial underlier level of 7,137.90 set on April 22, 2026. Payment at maturity depends on the underlier return from the initial level to the determination date. Key terms include an upside participation rate of 200%, a maximum settlement amount of $1,248 per $1,000 face amount, and a 10% buffer (buffer level = 90%). If final underlier ≥ initial level, holders receive $1,000 + participation × return (capped at the maximum). If final underlier declines but remains ≥ the buffer level, holders receive the face amount. If final underlier declines by more than the buffer, holders incur proportionate losses and may lose a substantial portion of their investment. Trade date is April 23, 2026, original issue date April 28, 2026, determination date April 21, 2028, and stated maturity date April 26, 2028.

GS Finance Corp. is offering Market Linked Securities — auto‑callable medium‑term notes (face amount $1,000) linked to the common stock of Super Micro Computer, Inc.. Pricing date is April 30, 2026 with stated maturity May 3, 2029. The notes pay a contingent coupon quarterly only if the stock closing price meets a coupon threshold (equal to 50% of the starting price), with a memory feature that can pay previously unpaid coupons if a later calculation day meets the threshold. The contingent coupon is set at a minimum of $66.125 per $1,000 (equivalent to 26.45% per annum) at pricing. The notes are auto‑callable on quarterly call dates if the stock closing price is at or above the starting price; if not called, principal at maturity depends on the ending price and is fully at risk below a downside threshold equal to 50% of the starting price. Estimated value at pricing is $925–$955 per $1,000. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer/guarantor credit risk and will not hold or receive the underlying shares.

GS Finance Corp. priced $6,295,000 of Dual Directional Trigger PLUS, guaranteed by The Goldman Sachs Group, Inc. The notes are principal‑at‑risk securities linked to a weighted basket (EURO STOXX 50, IGV ETF, Russell 2000, S&P 500, MSCI Emerging Markets) with an initial basket value of 100. Pricing date was April 21, 2026, original issue date April 24, 2026, valuation date April 23, 2029 and stated maturity April 26, 2029. The notes provide 200% leverage on positive basket performance up to a $1,362.50 maximum payment per $1,000 principal (136.25%), offer a positive absolute return for modest declines down to an 80.00% trigger, and expose holders to full proportional losses if the final basket value is below the 80.00% trigger. Payments are subject to issuer and guarantor credit risk and the notes do not pay dividends or interest.

GS Finance Corp. priced equity-linked notes tied to Snowflake Inc. common stock. Each note has a $1,000 face amount and pays at maturity based on Snowflake's performance between the trade date and the determination date. The notes carry a 150% upside participation rate, a 15% buffer (buffer level = 85% of the initial level) and a maximum settlement amount of $1,615.45 per $1,000 face amount. If the final underlier level is at or above the buffer level but not above the initial level you receive the face amount; if the final level exceeds the initial level you receive the upside participation return subject to the cap; if the final level is below the buffer level you incur proportional principal loss and could lose your entire investment. The notes do not pay interest and are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent quarterly coupon of 2.025% (up to 8.10% per annum) when each underlier meets its 70% coupon trigger on an observation date. The notes are automatically called if, on a call observation date, each underlier is at or above its initial level; otherwise the maturity payment depends on the lesser performing underlier and can result in the loss of your entire investment.

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

For each $1,000 face amount the settlement at maturity is: (1) $1,000 + ($1,000 × underlier return) subject to a maximum settlement amount of at least $1,199; (2) $1,000 if the final level is ≥ the buffer level (80% of initial); or (3) $1,000 + ($1,000 × buffer rate × (underlier return + buffer amount)) if the final level is below the buffer, exposing holders to principal loss. Trade date is April 30, 2026, original issue date May 5, 2026, determination date May 1, 2028, maturity May 4, 2028. The original issue price is 100% of face amount; underwriting discount is 1.75%; net proceeds 98.25%.

GS Finance Corp. is offering ETF-linked notes due February 25, 2028, guaranteed by The Goldman Sachs Group, Inc., with an aggregate original face amount of $500,000. The payout at maturity is tied to the performance of the least‑performing of three State Street Select Sector ETFs (Health Care, Utilities, Consumer Staples) measured from the initial levels set on April 20, 2026 to the determination date. Notes pay no interest; upside participation is 4x the lesser performing ETF return up to a capped cash settlement of $1,673 per $1,000. A buffer provides principal protection only if every ETF finishes at or above 90% of its initial level; losses occur if any ETF finishes below that buffer. The estimated value on the trade date was approximately $971 per $1,000 face amount.

GS Finance Corp. is offering $Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a cash payment at maturity tied to the S&P 500® performance from the trade date to the determination date. If the final index level exceeds the initial level, holders receive the index return up to a maximum settlement amount of $1,192.50 per $1,000 face amount. If the final index level is between the initial level and the buffer level of 85%, holders receive the face amount ($1,000). If the final index level is below the buffer level, losses occur pro rata: holders lose 1% of face amount for each 1% the final level is below the buffer level (buffer amount = 15%). Trade date is May 7, 2026, original issue date May 12, 2026, determination date November 8, 2027, stated maturity November 12, 2027. The notes are subject to issuer and guarantor credit risk, limited upside due to the cap, no interest payments, potential illiquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering principal-protected-style contingent notes linked to three underliers: the Russell 2000 Index, the S&P 500 Index and the State Street SPDR S&P Regional Banking ETF (KRE). Each $1,000 note may pay a monthly coupon of $10.834 if all underliers are >=70% of initial levels on an observation date. Notes may be automatically called if each underlier is >= its initial level on a call observation date. If not called, final payment depends on the lesser performing underlier on the determination date; a final underlier decline below 70% causes principal loss tied to that underlier's return. Trade date expected April 22, 2026; stated maturity expected April 24, 2031. Estimated initial model value: $885–$925 per $1,000 face amount.

GS Finance Corp. is offering Market Linked Securities—Auto-Callable with Contingent Coupon linked to the Class C common stock of Dell Technologies Inc., with a face amount of $1,000 per security. The securities price at $1,000 with an estimated value of $925–$955 per $1,000 face amount at pricing. The pricing date is April 29, 2026 and the stated maturity date is May 3, 2029. Investors may receive quarterly contingent coupons of at least $51.875 per $1,000 (equivalent to 20.75% per annum) only if the underlying stock closing price on each calculation day is ≥ the coupon threshold (60% of the starting price). The securities are auto-callable if the stock closing price on any call date from July 2026 through January 2029 is ≥ the starting price, in which case holders receive the face amount plus a final contingent coupon. If not auto-called, maturity payment depends on the ending price relative to the downside threshold (50% of the starting price): if the ending price is below that threshold, investors can lose more than 50% or all of their principal. Payments are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and limited secondary market liquidity.

GS Finance Corp. priced leveraged buffered basket-linked notes due October 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes (face amount $2,634,000 initially) return a cash payment per $1,000 tied to an unequally weighted basket: S&P 500 (60%) and Russell 2000 (40%), measured from April 21, 2026 to October 21, 2027.

Returns: 125% upside participation subject to a cap of $1,172 per $1,000 (cap level 113.76%). A 10% buffer preserves principal for declines up to 10%; losses occur if the final basket level falls more than 10%. Notes pay no interest; estimated value at issuance ≈ $972 per $1,000. Payments are subject to issuer/guarantor credit risk and tax uncertainties.

GS Finance Corp. issued structured notes linked to the common stock of Repligen Corporation. The notes do not bear interest and mature on August 30, 2027 with payoff measured from the trade date April 21, 2026 to the determination date August 25, 2027. Payment per $1,000 face amount is: $1,441.5 if the final stock price is >= the initial price of $132.70; $1,000 if decline is up to 10%; otherwise a negatively correlated payment equal to the index stock return times $1,000 (investors can lose their full investment). The original issue price was 100% with an estimated value of approximately $951 per $1,000 on the trade date and an underwriting discount of 0.25%. Payment and valuation depend on anti-dilution adjustments, market disruption rules and the discretionary determinations of the calculation agent, Goldman Sachs & Co. LLC. Credit risk resides with GS Finance Corp. and The Goldman Sachs Group, Inc.