Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers variable-return, five-year notes due April 24, 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash settlement per $1,000 face depends on the S&P 500® Futures Excess Return Index performance from April 21, 2026 to the determination date. If the final underlier level is above the initial level, the payoff equals $1,000 plus 190.3% of the underlier return. If the final level is between the initial level and 80% of the initial level (the buffer), you receive $1,000. If the final level is below the buffer, you lose principal linearly: the cash payment equals $1,000 plus $1,000 × 100% × (underlier return + 20%), which can result in a substantial loss of principal.

The offering lists an aggregate face amount of $500,000, original issue price of 100% of face amount, underwriting discount 0.75%, and net proceeds 99.25%. The notes are cash-settled, not listed, and subject to issuer/guarantor credit risk and futures-specific risks including negative roll yield and market disruption adjustments.

The issuer, GS Finance Corp., is offering principal‑protected structured notes linked to the Russell 1000® Value Index that mature on July 13, 2027. For each $1,000 face amount the cash payment at maturity depends on the index return from an initial level of 2,228.750 (set April 22, 2026) to the determination date, with a 15% downside buffer and an upside cap at 114.05% of the initial level (maximum settlement amount of $1,140.5 per $1,000). If the final level is below the 85% buffer level, payment declines below principal; if above the cap, gains are capped. The notes do not pay interest and carry the credit risk of the issuer and guarantor.

GS Finance Corp. is offering contingent monthly coupon, Nasdaq-100 / Russell 2000 / S&P 500-linked notes with an aggregate face amount of $3,687,000, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.334 per $1,000 (0.8334% monthly, the potential for up to approximately 10.00% per annum) only if each underlier meets its 60% coupon trigger on each coupon observation date. The notes are subject to an automatic call if all underliers close at or above their initial levels on any call observation date, in which case holders receive $1,000 per $1,000 face amount plus any coupon then due. If not called, principal at maturity depends solely on the performance of the lesser performing underlier; if that underlier finishes below its 60% trigger buffer level, investors can lose up to their entire investment. The notes are issued at 100% of face amount with a 0.5% underwriting discount (net proceeds 99.5%).

GS Finance Corp. is offering medium-term structured notes due April 25, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a quarterly coupon of $37.75 per $1,000 (3.775% quarterly; potential up to 15.1% per annum) only if the closing level of each underlying ETF is at least 70% of its initial level on each observation date. The payoff at maturity is linked to the lesser performing of three ETFs (VanEck Gold Miners ETF, SPDR® Gold Trust, iShares® Silver Trust) with a 30% buffer and a buffer rate of ≈142.86%. The issuer may redeem notes on coupon dates from October 2026 through January 2028 at par plus any coupon. The trade date initial levels are $99.13 (GDX), $442.09 (GLD) and $72.15 (SLV). The estimated value at pricing was ≈$925 per $1,000 face amount; original issue price is 100%.

GS Finance Corp. is offering Buffered S&P 500® Futures Excess Return Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Futures Excess Return Index (E-mini S&P 500 futures), do not pay interest, and have a face amount of $1,000 per note. The notes provide a 20% buffer (buffer level = 80% of the initial underlier level) and a capped upside (maximum settlement amount of $1,240 per $1,000). Trade date is April 27, 2026, original issue date April 30, 2026, determination date September 27, 2027 and stated maturity date September 30, 2027, each subject to adjustment as described in the supplements. The cash payment at maturity depends on the underlier return measured from the trade date to the determination date and may result in loss of principal if the underlier falls below the buffer level.

GS Finance Corp. is offering structured, non‑interest bearing notes (aggregate face amount $250,000) linked to the lesser performing of the MSCI EAFE and EURO STOXX 50 indices. The notes pay at maturity on April 24, 2031 and base the cash settlement solely on the lesser performing underlier.

Key terms: participation rate 200%; buffer level 80% of initial underlier level (buffer amount 20%, buffer rate 100%); face amount per note $1,000; original issue price 100% (underwriting discount 0.75%, net proceeds 99.25%). If the lesser performing underlier falls below its buffer, investors lose principal proportionally. Notes are senior debt of GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc.; purchasers bear issuer/guarantor credit risk.

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $6.042 per $1,000 (0.6042% monthly; potential ~7.25% p.a.) when each index is ≥70% of its initial level, are callable on specified observation dates beginning October 2026, and mature on the stated maturity date expected to be May 2, 2029. Principal at maturity (if not called) depends on the performance of the lesser performing underlier versus an 80% buffer; losses occur if any underlier falls below its buffer and >30% falls below its initial level. The pricing supplement discloses an estimated value at issuance of $925–$955 per $1,000.

GS Finance Corp. priced Market Linked Securities—auto‑callable notes due April 26, 2029 linked to the lowest performing of the common stock of Advanced Micro Devices, Inc. and Western Digital Corporation. The notes have a face amount of $1,000 and a contingent quarterly coupon of $69.25 per security (equivalent to a 27.70% per annum) payable only if the lowest performing underlying stock closes at or above 50% of its starting price on a calculation day. The securities are auto‑callable if the lowest performing underlying stock closes on a call date at or above its starting price; otherwise the maturity payment depends solely on that lowest performing stock and can result in loss of more than 50% (possibly all) of principal. The estimated value at pricing was approximately $960 per $1,000 face amount; original offering price was $1,000.

GS Finance Corp. priced buffered, capped notes linked to the S&P 500® Index with an aggregate face amount of $400,000. For each $1,000 face amount, the cash payment at maturity depends on the underlier return measured from the trade date April 21, 2026 to the determination date April 21, 2028. If the final underlier level is above the initial level, investors receive the underlier return capped at a maximum settlement amount of $1,277.50 per $1,000. If the final level is between the initial level and the buffer level of 85% of the initial level, investors receive the face amount. If the final level is below the buffer level, losses occur pro rata beyond the buffer amount of 15%. The notes pay no interest, are senior unsecured obligations of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk, model/pricing differences, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due May 3, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent monthly coupon of 1.0% ($10 per $1,000) when each underlier is at or above a 70% coupon trigger level on the related observation date. The notes are automatically called if, on any call observation date, each underlier closes at or above its initial level; in that event holders receive principal plus any coupon then due. If not called, the cash settlement at maturity is based solely on the lesser performing underlier and could result in a total loss of principal; the pricing supplement warns investors that they could lose their entire investment. Trade date is April 29, 2026, original issue date May 4, 2026, and determination date April 30, 2029. The notes carry issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering trigger securities linked to the S&P 500® Index, with payments at maturity that depend on the final index level relative to an initial index level set on the trade date. The securities are unsecured notes of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

The terms include a downside threshold expected to be between 75.50% and 70.50% of the initial index level, an expected trade date of April 29, 2026, an original issue date of April 30, 2026, a determination date expected to be April 29, 2031, and a stated maturity date expected to be May 2, 2031. Payments at maturity may equal the face amount, exceed it if the index rises, or be less than the face amount (potentially to zero) if the final index level is below the downside threshold. The estimated value at pricing is between $9.30 and $9.60 per $10 face amount and the underwriting discount is 3.50%. Investors face both market downside risk tied to the index and credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Nasdaq-100 Index®-linked notes due May 7, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; principal at maturity is tied to the Nasdaq-100 closing level on the determination date (May 4, 2027) versus an initial level of 26,590.34. Investors participate at a 100% upside participation rate subject to a cap level of 108.69%, producing a maximum settlement of $1,086.90 per $1,000 face amount and a minimum settlement of $950 per $1,000. The offering’s aggregate face amount on the original issue date is $1,885,000. The original issue price is 100% of face and underwriting discount is 1% (net proceeds 99%). The estimated value on the trade date was approximately $984 per $1,000. Payments are subject to the issuer’s and guarantor’s credit risk and to the specific terms for market disruption events, successor underliers and tax treatment described herein.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027 tied to NVIDIA common stock, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity payoff depends on the final underlier level on the determination date. If the final underlier level is greater than or equal to the trigger buffer level (60% of the initial level), each $1,000 note will pay a capped maximum settlement amount of $1,140.50. If the final underlier level is below the trigger buffer level, the cash payment equals $1,000 plus $1,000 times the underlier return, producing a pro rata loss that can be the entire investment. Trade date is April 30, 2026, original issue date May 5, 2026, determination date June 1, 2027, and stated maturity date June 4, 2027. The original issue price equals 100% of face; underwriting discount is 1.1% and net proceeds are 98.9%.

GS Finance Corp. is offering structured callable notes linked to the EURO STOXX® Banks Index and the State Street® Technology Select Sector SPDR® ETF. The notes pay a quarterly coupon of $36.25 per $1,000 (3.625% quarterly; 14.5% potential annualized) when each underlier is at or above 70% of its initial level on a coupon observation date.

The trade date is expected to be April 23, 2026, the original issue date expected to be April 28, 2026, and the stated maturity date is expected to be April 26, 2029. Notes may be automatically called on observation dates commencing July 2026 through January 2029 if each underlier is at or above its initial level; at maturity the cash payment depends on the lesser performing underlier and can result in a loss of principal if that underlier is below its 70% trigger buffer level. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering autocallable equity-linked notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference Alphabet Class C, Target, and Tesla and pay at maturity based on the lesser performing underlier return with a 100% upside participation rate.

The notes have annual automatic call observation dates beginning April 28, 2027 with specified call premium amounts (19.5% through 78%), trade date April 28, 2026, original issue date May 1, 2026, determination date April 28, 2031 and stated maturity May 5, 2031. They do not bear interest and are cash-settled.

The pricing supplement describes Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Alphabet Inc. The securities have a $1,000 principal amount per security, may pay a contingent quarterly coupon (at least $28.00 per $1,000 if the underlying closes at or above the downside threshold on an observation date) and may be automatically called early if the underlying’s closing price on any call observation date is greater than or equal to the initial share price. The downside threshold is set at 65.00% of the initial share price; if the final share price is below that threshold at maturity, holders bear 1:1 downside exposure and can lose a significant portion or all of principal. Key dates include expected pricing on May 1, 2026, original issue date expected May 6, 2026, and stated maturity expected May 4, 2029. The supplement discloses an estimated value range of $915 to $975 per security and an underwriting discount of 2.25%. The document emphasizes principal-at-risk, no participation in upside beyond capped payments, credit risk of the issuer/guarantor, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the performance of the S&P 500 Futures Excess Return Index from the trade date to the determination date.

The notes pay no interest. For each $1,000 face amount, if the final underlier level exceeds the initial level you receive $1,000 plus 140% of the underlier return. If the final level is between the initial level and the 80% buffer level you receive $1,000. If the final level is below the buffer level you suffer losses pro rata, potentially losing a substantial portion of principal. Trade date is April 27, 2026 and stated maturity is May 2, 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers contingent income callable securities due May 4, 2028. The securities pay a contingent quarterly coupon (hypothetical coupon: $27.875 per $1,000) only if each underlying index remains at or above a 70.00% downside threshold during each observation period. The payout at maturity is linked to the worst-performing of the S&P 500®, Russell 2000® and Nasdaq-100®, so investors may lose a substantial portion or all principal; estimated model value at pricing is $920–$980 per $1,000 (original issue price is 100% of principal). The issuer may redeem at 100% plus any coupon on specified coupon dates commencing August 6, 2026.

GS Finance Corp. offers indexed, principal-protected notes guaranteed by The Goldman Sachs Group, Inc. The notes have a 135% upside participation rate, pay no interest, and mature on April 24, 2031. For each $1,000 face amount, at maturity you receive either:

• $1,000 + ($1,000 × 135% × underlier return) if the final underlier level is greater than the initial underlier level;
• or $1,000 if the final underlier level is equal to or less than the initial underlier level.

The underlier is the S&P 500 Futures Excess Return Index (E-mini S&P 500 futures exposure). Trade date is April 21, 2026, original issue date is April 24, 2026, and the determination date is April 21, 2031. Original issue price is 100% of face amount with a 1% underwriting discount (net proceeds 99%). The notes are unsecured senior obligations and expose holders to issuer and guarantor credit risk.

GS Finance Corp. is offering bearish autocallable absolute return S&P 500® index-linked notes due May 27, 2027, guaranteed by The Goldman Sachs Group, Inc. The trade date is expected to be April 24, 2026 with an original issue date expected to be April 29, 2026. Each note has a $1,000 face amount and does not bear interest.

The notes are automatically redeemed at par if, on any call observation date, the S&P 500 closing level is below 65% of the initial level; in that case holders receive the face amount only. If not called, and the final index level on the determination date is down between 0% and -35%, holders receive the face amount plus the absolute index decline (capped at 35%); if the final level is ≥ the initial level or below 65%, holders receive only the face amount. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments depend on the performance of the S&P 500 and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. offers autocallable contingent coupon index-linked notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes link monthly coupons and ultimate cash payment to the S&P 500®, Russell 2000® and Nasdaq-100® indices with an expected trade date of April 27, 2026 and an expected original issue date of April 30, 2026. Coupons of $5.209 per $1,000 are payable on a coupon payment date only if each index closes at or above 70% of its initial level on the related coupon observation date; automatic calling may occur on observation dates beginning October 2026 if each index equals or exceeds its initial level. At maturity (expected June 2, 2027), if not called, the cash settlement depends on the lesser performing index relative to an 80% buffer level, which can result in substantial principal loss if that index falls below specified thresholds. The pricing supplement discloses an estimated value of the notes at the trade date between $925 and $955 per $1,000 face amount and emphasizes issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the lowest performing of Eli Lilly and Visa. The securities have a $1,000 face amount, an expected pricing date of April 30, 2026, original issue date of May 5, 2026, and a stated maturity of May 3, 2029. They pay a quarterly contingent coupon (set on the pricing date) of at least $28.00 per $1,000 (equivalent to 11.20% per annum) only if the lowest performing underlying stock on a calculation day is ≥ 60% of its starting price. The securities are automatically callable if the lowest performing underlying stock on a call date is ≥ its starting price; otherwise maturity payment depends solely on the lowest performing underlying stock and may result in loss of more than 40% or total loss. Estimated value at pricing is between $925 and $955 per $1,000 and the original offering price is $1,000. Payments are subject to issuer and guarantor credit risk; these notes are not bank deposits and are not listed.

The Goldman Sachs Group, Inc. is offering callable fixed-rate notes bearing interest at 4.425% per annum, with an expected original issue date of May 8, 2026 and an expected stated maturity of April 23, 2029. Interest is payable annually on May 8, beginning May 8, 2027. The notes are callable at the issuer's option in whole (but not in part) on scheduled quarterly redemption dates beginning on or after May 8, 2027, at a redemption price equal to 100% of principal plus accrued interest. The offering will settle through DTC in immediately available funds and is being distributed by Goldman Sachs & Co. LLC and InspereX LLC under customary underwriting arrangements; specific offering price and aggregate principal amounts are set on the cover and in the supplement.

The Goldman Sachs Group, Inc. is offering callable fixed rate medium‑term notes that pay interest at 4.85% per annum from the expected original issue date of April 30, 2026 to the expected stated maturity date of April 30, 2031. Interest is payable semiannually on each expected April 30 and October 30, with the first payment expected on October 30, 2026. The notes are callable by the issuer in whole, but not in part, on expected quarterly redemption dates on or after April 30, 2027 (each expected January 30, April 30, July 30, and October 30) at a redemption price equal to 100% of principal plus accrued interest, with at least five business days' prior notice. The offering is structured as book‑entry through DTC, initial pricing may vary for certain fee‑based advisory accounts, and Goldman Sachs & Co. LLC is the expected underwriter and market‑maker. The notes are subject to FATCA withholding and contain distribution restrictions for retail investors in the EEA, UK, Hong Kong, Singapore, Japan and Switzerland.

The issuer GS Finance Corp. is offering callable, principal-at-risk notes linked to the Class A common stock of Oscar Health, Inc. The notes have an initial index stock price set at $16.44 (April 22, 2026), quarterly coupon mechanics of $68 per $1,000 (6.8% quarterly) and an expected stated maturity date of January 27, 2027.

The notes are automatically called if the index stock closing price on any call observation date is greater than or equal to the initial index stock price; coupons are paid only when the index stock closing price on coupon observation dates is at or above 50% of the initial index stock price. At maturity, if the final index stock price is below the 50% trigger buffer price, the cash settlement is reduced pro rata by the index stock return, which could result in a loss of principal.

GS Finance Corp. offers non‑interest-bearing, principal‑protected‑conditional notes linked to the VanEck Semiconductor ETF (SMH). Trade date expected May 6, 2026; stated maturity expected May 9, 2030. Notes are automatically called if SMH on a call observation date is >= the initial level, with call premiums of 16.5%, 33% and 49.5% on the three scheduled call dates. If not called, maturity payoff is capped at $1,660 per $1,000 face amount when final SMH >= initial level. A trigger buffer of 60% protects against declines up to 40%; declines greater than 40% produce proportional losses and could result in a total loss of principal. Estimated value at pricing: $905–$945 per $1,000. Payments depend on GS Finance Corp. credit and guarantor support from The Goldman Sachs Group, Inc.

GS Finance Corp. issues structured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and are linked to the VanEck Semiconductor ETF (ticker: SMH). They may be automatically called on specified May observation dates beginning in May 2027, with call premiums of 18.5%, 37% and 55.5% on respective call payment dates.

If not called, maturity is expected on May 9, 2030. At maturity the cash payout per $1,000 face amount is capped at $1,740 if the final ETF level is >= the initial level; if the final level falls between 60% and 100% of the initial level the holder receives $1,000; if it falls below 60% the holder suffers a proportional loss and can lose the entire investment. The estimated value at pricing is $905–$945 per $1,000 face amount, below the original issue price.

GS Finance Corp. is offering callable, contingent coupon index-linked notes due May 4, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly contingent coupon of $8.75 per $1,000 (0.875% monthly; up to 10.50% per annum) only if each underlier closes at or above its coupon trigger level (70% of its initial level) on each coupon observation date. Coupons are linked to three underliers: Nasdaq-100, Russell 2000, and S&P 500, and the cash repayment at maturity (if not redeemed earlier) is based solely on the performance of the lesser performing underlier. The issuer may redeem the notes on any coupon payment date beginning May 4, 2027, in which case holders receive par plus any coupon then due. These notes expose investors to issuer/guarantor credit risk, market risk tied to the lesser performing underlier, and potential loss of principal (up to 100%) if the lesser performing underlier declines below the 70% trigger buffer.

The issuer, GS Finance Corp., is offering contingent, auto-callable notes linked to three underliers: the S&P 500, Nasdaq-100 and the iShares Russell 2000 ETF. Coupons of $10.542 per $1,000 (1.0542% monthly, ~12.65% p.a.) pay only when each underlier is >= 70% of its initial level on a coupon observation date.

The notes can be automatically called from Oct 2026 through Mar 2029 if each underlier is >= its initial level; stated maturity is expected to be April 26, 2029. At maturity unpaid principal depends on the lesser performing underlier versus a 70% trigger: if any underlier is <70% of initial level, repayment is reduced pro rata to that underlier's return. Estimated value at pricing is between $925 and $955 per $1,000 face amount. Holders bear issuer/guarantor credit risk of 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 pay a contingent monthly coupon of $6.25 per $1,000 (0.625% monthly; potential up to 7.50% per annum) when each underlier is >= its coupon trigger (85% of initial). The notes may be automatically called if each underlier is >= its initial level on any call observation date. Trade date: May 1, 2026; original issue date: May 6, 2026; stated maturity: May 8, 2031. GS&Co. is calculation agent and market-maker; estimated value on trade date: $885 to $925 per $1,000 face amount.

The issuer, GS Finance Corp., is offering contingent‑coupon notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. Coupons (up to $17.50 per $1,000 per observation, cumulative) are payable only if the index on an observation date is ≥75% of the initial level; notes may be automatically called early if the index is ≥ the initial level on a call observation date. The index applies a 40% volatility target, a daily 6.0% per annum decrement and may use up to 500% leverage; these features can materially reduce or magnify returns. Expected trade date and original issue date are set (respectively) as May 8, 2026 and May 15, 2026, and stated maturity is expected to be May 15, 2031. The estimated value at pricing is between $885 and $935 per $1,000 face amount; the notes are unsecured obligations subject to issuer and guarantor credit risk.

The issuer, GS Finance Corp., is offering callable, equity‑linked notes that pay a fixed quarterly coupon of $33.875 per $1,000 face amount (3.3875% quarterly, up to 13.55% per annum) and whose maturity payout is tied to the Class A common stock of Vertiv Holdings Co.. The notes may be automatically called on specified quarterly observation dates if the closing price of the index stock is greater than or equal to the initial index stock price. If not called, principal repayment at the expected stated maturity date will depend on the index stock return with a trigger buffer at 50% of the initial index stock price, meaning investors can lose a substantial portion of principal if the final stock price is below that buffer. The estimated value at issuance is $925–$955 per $1,000 face amount.

GS Finance Corp. offers callable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and returns are tied to the performance of the lesser performing of the Russell 2000®, S&P 500® and Nasdaq-100 Technology Sector indices. The notes carry an upside participation rate of 135% (1.35x the lesser performing index return) if all three indices finish above their initial levels on the determination date. If any index is flat or down, holders receive only the $1,000 face amount at maturity. The issuer may redeem notes on monthly call payment dates beginning April 29, 2027, at 100% plus a specified call premium. The expected trade date is April 24, 2026, original issue date expected April 29, 2026, and stated maturity expected April 29, 2031. The estimated value at pricing is between $885 and $925 per $1,000 face amount; the original issue price will differ and affects realized return. Risks include issuer and guarantor credit risk, capped early-call payments, linkage to the single lesser performing underlier, possible market-disruption timing adjustments, and complex U.S. federal tax treatment as a contingent payment debt instrument.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, autocallable notes linked to Broadcom Inc., TSMC ADS (1 ADS = 5 shares) and Oracle Corporation. The notes have an expected trade date of May 1, 2026, an original issue date of May 6, 2026, and an expected stated maturity of May 4, 2029. Coupons (about 1.3334% monthly, $13.334 per $1,000) are payable only when each index stock meets a coupon trigger (50% of its initial price) on observation dates. Notes will be automatically called if, on a call observation date, each index stock closes at or above its initial price; otherwise maturity pay depends on whether a trigger event occurs (all final prices below initial prices). If a trigger event occurs, the maturity payment is based on the lesser performing index stock return and could be significantly less than the face amount. Estimated value at pricing is between $925 and $955 per $1,000 face amount. Payments are subject to the issuer's and guarantor's credit risk.

GS Finance Corp. is offering callable Contingent Coupon Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.459 per $1,000 (0.8459% monthly; up to ~10.15% per annum) if each underlier meets a 65% coupon trigger on observation dates. The cash settlement at maturity is based solely on the lesser performing underlier (Nasdaq‑100, Russell 2000, S&P 500) relative to its initial level: if that underlier is below its 55% trigger buffer, investors suffer proportional principal loss; if at or above specified thresholds, cash settlement can be up to the face amount. Trade date is April 30, 2026, original issue date May 5, 2026 and stated maturity May 5, 2031. The issuer may redeem notes on specified coupon payment dates starting November 2026. Pricing models show the original issue price exceeds the estimated model value; market value and liquidity may be limited and the notes carry issuer/guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk, non‑interest bearing notes linked to an equally weighted basket of six stocks: AppLovin, Cloudflare, CrowdStrike, Palantir, ServiceNow and Tesla. The trade date is expected to be April 30, 2026 with a stated maturity expected on May 3, 2029. The initial basket level is 100. At maturity the cash payment per $1,000 face amount depends on the basket return subject to a cap level of 240% (maximum settlement amount $2,400) and a trigger buffer level of 60%. If the final basket level is below the trigger buffer, holders suffer a proportional loss and could lose their entire investment. The estimated value at the time terms are set is between $925 and $965 per $1,000 face amount. The notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering 500,000 units of Autocallable Contingent Coupon (with Memory) Barrier Notes linked to an equally weighted basket of MSFT, ORCL and PLTR, $10 principal amount per unit, aggregating $5,000,000 (aggregate may be increased). The notes pay monthly contingent coupon amounts of $0.12292 per unit (≈14.75% pa on a single-period basis) when monthly Observation Values meet the 80% Coupon Barrier, are automatically called if a Call Observation Value ≥ 100% of the Starting Value, and at maturity expose holders to 1-for-1 downside if the Ending Value < 80 (up to 100% principal loss). Estimated value at pricing was ≈ $9.63 per $10; public offering price is $10. Minimum initial purchase: $100,000. Payments are subject to GSFC issuer and GSG guarantor credit risk; limited secondary market liquidity.

GS Finance Corp. offers autocallable, principal‑linked notes maturing in 2031 tied to an equally weighted basket of Amazon, Meta, NVIDIA and Tesla. Coupons of $7.292 per $1,000 (0.7292% monthly, ~8.75% p.a.) are paid only if the monthly basket level is ≥80% of the initial level. Notes are automatically called if the basket closing level on an observation date is ≥ the initial basket level; otherwise the maturity payout depends on the basket return with a 15% buffer (buffer level 85%). Payments are subject to issuer and guarantor credit risk; estimated initial model value is $885–$925 per $1,000.

GS Finance Corp. is offering leveraged notes linked to the State Street® Financial Select Sector SPDR® ETF (XLF), with an aggregate face amount of $1,000,000 (subject to increase). The notes mature on April 26, 2027 and pay no interest; the cash settlement per $1,000 face amount is tied to the ETF performance from an initial level of $52.43 to the final level on the determination date.

If the ETF return is positive, holders receive $1,000 plus 300% of the ETF return subject to a $1,160 maximum settlement amount. If the ETF return is zero or negative, holders receive $1,000 plus the ETF return. The estimated value on the trade date was approximately $980 per $1,000. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced contingent monthly-coupon, auto-callable structured notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly contingent coupon of $7.917 per $1,000 (0.7917% monthly, up to ~9.50% per annum) when each underlier equals or exceeds a 70% coupon trigger on observation dates. The notes are automatically called if every underlier is at or above its initial level on a call observation date. At maturity (if not called) principal repaid depends on the lesser performing underlier relative to its initial level, with a 60% trigger buffer; investors may lose their entire investment if the lesser performing underlier falls below that buffer. The underliers are the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. Trade date: April 20, 2026; stated maturity: April 28, 2031. This summary is based solely on terms shown in the pricing supplement.

GS Finance Corp. offers $2,532,000 aggregate Autocallable S&P 500® Index-Linked Notes due 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on specified annual call observation dates beginning April 26, 2027 if the S&P 500 closing level is >= the initial level 7,126.06, and mature April 22, 2032. If not called, maturity pay depends on index return (capped at $1,594 per $1,000 face amount if final index level >= initial level); downside is proportional to index decline. Estimated value at pricing was approximately $990 per $1,000 face amount; original issue price was 100% with a 0.8% underwriting discount.

GS Finance Corp. offers structured monthly‑coupon medium‑term notes linked to the common stocks of Alphabet (Class C), NVIDIA, Meta (Class A) and Tesla. The notes mature on May 7, 2031 unless automatically called on observation dates beginning in April 2027. Coupons are binary each month: a $8.334 maximum coupon per $1,000 face amount if each index stock ≥ 80% of its initial price on an observation date, or a minimum coupon of $0.209 per $1,000 face amount otherwise. Notes may be automatically called if each index stock closes ≥ its initial price on a call observation date; redemption pays principal plus coupon. The trade date for setting initial index stock prices is expected to be April 30, 2026 and the original issue date is expected to be May 5, 2026. The estimated value at pricing is expected to be between $885 and $925 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.; GS&Co. is the calculation agent with broad discretion over price determinations and anti‑dilution adjustments.

GS Finance Corp. is offering callable Equity-Linked Notes due April 23, 2029 guaranteed by The Goldman Sachs Group, Inc. The cash payoff at maturity is linked to the lesser performing of Class A Alphabet, Tesla and NVIDIA and provides an upside participation rate of 200% if every index stock closes above its initial price on the determination date (April 16, 2029). The issuer may redeem the notes on specified monthly call payment dates beginning April 23, 2027, with call premiums listed in the supplement. Original issue price is 100% of face, underwriting discount 2.75%, estimated model value on the trade date ~$962 per $1,000. Payments depend on credit of GS Finance Corp. and the guarantor; holders receive cash only.

GS Finance Corp. is offering $13,200,000 aggregate face amount of Barrier Market-Linked Notes linked to the SPDR® Gold Trust (GLD), due October 27, 2027, and guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on whether a barrier event occurs during the observation period. If a barrier event occurs (GLD closing price exceeds the upper barrier on any trading day), each $1,000 note yields a contingent return of 6.00% (cash settlement $1,060). If no barrier event occurs and the final GLD price is above the initial price, the payout equals $1,000 plus the ETF return, capped at a maximum return of 35.73% (cash settlement up to $1,357.30). The initial ETF price is $442.09. The estimated model value on the trade date is approximately $984 per $1,000 face amount, and the original issue price is 100.00% of face amount (underwriting discount 1.50%). Payments are unsecured and subject to issuer and guarantor credit risk; secondary-market liquidity may be limited.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable, contingent-coupon index-linked notes due April 20, 2029. The initial aggregate face amount is $7,316,000, issued at 100% of face with a net proceeds to the issuer of 99.4%. Coupons of $11.667 per $1,000 (1.1667% monthly, ~14% per annum) are payable only if each underlying index closes at or above 90% of its initial level on monthly observation dates. Notes are automatically called on call observation dates if every index closes at or above its initial level (initial levels set as of April 17, 2026); if not called, maturity payoff depends on the lesser performing index subject to a 30% buffer (buffer level = 70% of initial). Estimated value at trade date was approximately $998 per $1,000.

The issuer is offering principal-at-risk, automatically callable notes linked to the Russell 2000®, the S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). Notes mature expected May 5, 2031, are callable on monthly observation dates starting July 2026, and pay a monthly coupon of $8.542 per $1,000 only if each underlier is ≥70% of its initial level on an observation date.

At maturity, if no call occurs, cash settlement depends on the lesser performing underlier: full principal if each final level ≥65% or ≥70% (different coupon/face outcomes), no coupon in many scenarios, and substantial principal loss if any underlier falls below 65%. Estimated value at pricing is $885–$925 per $1,000 face amount.

GS Finance Corp. is offering callable Nasdaq-100 Futures Excess Return1trade date expected April 29, 20261index-linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount pays either (a) $1,000 plus 245% participation of the index return if the final underlier level is above the initial level, (b) $1,000 if the final level is between 80% and 100% of the initial level, or (c) a reduced cash amount (loss) if the final level is below 80%. The issuer may redeem the notes on monthly call payment dates beginning May 4, 2027 at specified call premiums. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the Class A common stock of Meta Platforms, Inc. The securities reference an initial index stock price of $668.84, an autocall barrier set at 100.00%, an upside gearing of 1.52, a downside threshold of 60.00%, and a call return of 17.25%. Expected key dates include a strike date of April 21, 2026, a trade date of April 22, 2026, an original issue date of April 24, 2026, a call observation date of April 28, 2027, and a determination date of April 23, 2029, with a stated maturity date of April 26, 2029.

The securities may be automatically called if the closing price of the underlying stock meets or exceeds the autocall barrier on the call observation date, producing a cash payment equal to $10 plus $10 times the 17.25% call return per $10 face amount. If not called, repayment at maturity depends on the final underlying stock price relative to the initial price and the 60.00% downside threshold; holdings can result in full loss of principal. The estimated value at pricing is between $9.35 and $9.65 per $10 face amount, and the original issue price is 100.00% of face amount with an underwriting discount of 2.50%. Purchases require a minimum face amount of $1,000.

GS Finance Corp. is offering callable S&P 500® Futures Excess Return Index-linked notes due expected May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the E-mini S&P 500 futures (the underlier), have an upside participation rate of 222%, a buffer level of 80% and an estimated value on the trade date of $885–$925 per $1,000 face amount. The issuer may redeem the notes monthly on specified call payment dates beginning May 4, 2027 through April 4, 2031 at cash amounts set by the applicable call premium table. If not redeemed, maturity payoffs are based on the underlier return from the trade date (expected April 29, 2026) to the determination date (expected April 30, 2031). Holders are exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., to futures-specific effects such as negative roll yields, and to tax and liquidity risks described in the pricing supplement.