Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers autocallable GEARS linked to an equally weighted basket of 16 stocks, guaranteed by The Goldman Sachs Group, Inc. The notes have upside gearing 1.50, a downside threshold 75% of initial level, an autocall barrier 100% and a call return set between 14.50% and 16.50%. Trade date is April 24, 2026, original issue date April 29, 2026, and stated maturity is April 27, 2029. The estimated value at pricing is between $9.25 and $9.55 per $10 face amount; minimum purchase $1,000. Payments (including principal) depend on basket performance and the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering fixed rate senior notes due May 2, 2033 with an interest rate of 4.75% per annum. The notes are denominated in U.S. dollars in minimum increments of $1,000, with a trade date of April 28, 2026 and an original issue date of April 30, 2026. Interest is payable semiannually on April 30 and October 30 (with the April 2033 payment at maturity). The notes will be issued in book-entry form as a master global note (DTC) and will not be listed on any exchange. The pricing supplement states original issue price and underwriting terms will be set on the trade date and that certain fee-based advisory accounts may pay an original issue price that varies below 100% of principal. The notes are subject to FATCA withholding rules and various distribution restrictions by jurisdiction.

GS Finance Corp. priced leveraged ETF-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay at maturity on April 26, 2027 based on the performance of the State Street Financial Select Sector SPDR ETF (XLF) measured from an initial level of $52.43 (set April 17, 2026) to the determination date (expected April 21, 2027). If the ETF return is positive, holders receive 3.0x the ETF return up to a maximum settlement amount of $1,160 per $1,000 face amount; if the ETF return is zero or negative, the payoff equals $1,000 plus the ETF return times $1,000. The estimated value on the trade date is $925–$955 per $1,000. Payments are unsecured and subject to issuer and guarantor credit risk.

Goldman Sachs is using an April 2026 Nasdaq-100 Technology Sector Index Supplement as part of registration statement no. 333-284538 to describe index terms for medium-term notes and warrants linked to the Nasdaq-100 Technology Sector Index. The supplement defines the index as an equal-weighted, price return series with a base date of February 22, 2006 and a base value of 1000.00. It discloses annualized returns and volatilities through April 1, 2026 (for example, 1-year return 25.44% with volatility 29.91%), lists Nasdaq, Inc. as sponsor and calculation agent, and summarizes selected risk factors concerning credit, concentration, and market risks.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering $10,672,000 of Dual Directional Buffered PLUS linked to the S&P 500® Index. The notes mature May 3, 2028, provide 150% leveraged upside subject to a $1,201 maximum payment and a 10.00% buffer that protects against limited declines; downside beyond the buffer is 1:1 to a minimum $100 per note. The notes do not bear interest, are unsecured, and payments are subject to issuer/guarantor credit risk.

GS Finance Corp. is offering callable Nasdaq-100 Index®-linked notes due April 29, 2032, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and a 100% upside participation rate; payments at maturity depend on the Nasdaq-100 closing level on the determination date.

The issuer may redeem the notes on scheduled monthly call payment dates beginning April 29, 2027, paying the face amount plus a specified call premium (examples include 8.9004% on April 29, 2027). The estimated value on the trade date is between $885 and $925 per $1,000 face amount. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering callable Russell 2000® index‑linked notes guaranteed by The Goldman Sachs Group, Inc. The notes are denominated in $1,000increments with an expected trade date of April 24, 2026 and an expected stated maturity of April 29, 2032. Holders receive at maturity either the face amount or, if the Russell 2000® final level is greater than the initial level, participation at a 100% upside participation rate applied to the index return. The issuer may redeem the notes on listed monthly call payment dates beginning April 29, 2027, paying $1,000 plus a specified call premium (a schedule of call premium amounts is included). The estimated value on the trade date is between $885 and $925 per $1,000 face amount; the original issue price is 100% of face amount. Payments at maturity are subject to the credit risk of GS Finance Corp. and the guarantor, and U.S. federal tax rules treat the notes as contingent payment debt instruments.

GS Finance Corp. priced Performance Leveraged Upside (PLUS) notes linked to the EURO STOXX 50® Index, with $2,898,000 aggregate principal (original issue) and a stated maturity of August 4, 2027. Each $1,000 PLUS returns $1,000 plus 300% of the index appreciation, capped at a maximum payment of $1,272.50 per PLUS; if the index declines the investor loses principal on a 1:1 basis. Pricing date was April 16, 2026, original issue date April 21, 2026. Estimated model value at issuance was approximately $981 per PLUS. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer/guarantor credit risk and specified tax and withholding considerations.

GS Finance Corp. is offering medium-term, cash-settled notes linked to the common stock of NVIDIA Corporation (NVDA) that pay no interest and include an automatic call feature. For each $1,000 face amount, investors receive $1,209 if the call condition is met on the call observation date. If not called, the maturity payment depends on NVDA's final level: investors participate at 125% upside above the initial level, receive full principal if the final level is at or above 80% (the buffer), and face loss below the buffer according to the specified buffer formula. The notes are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., carry an original issue price of 100%, and were priced with a 1.75% underwriting discount. Key dates include trade date April 16, 2026, original issue date April 21, 2026, call observation date April 23, 2027, call payment date April 28, 2027, determination date April 17, 2028, and stated maturity date April 20, 2028. The notes are subject to issuer and guarantor credit risk, limited liquidity, model-based estimated values below issue price, tax uncertainty, and potential substantial principal loss if the underlier falls well below the buffer.

GS Finance Corp. is offering callable equity-linked notes due April 28, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the common stock of Tesla, Inc. and pay a contingent monthly coupon of $16.042 per $1,000 (1.6042% monthly) only when the underlier closes at or above 60% of the initial level on each coupon observation date. If the final underlier level is 60% of the initial level, investors receive $1,000 at maturity; if below, the cash settlement equals $1,000 × (1 + underlier return), so investors could lose up to their entire investment. The issuer may redeem the notes on coupon payment dates from July 2026 through March 2028. Trade date is April 23, 2026 and original issue date is April 28, 2026. Terms (including initial level and aggregate amounts) will be set on the trade date.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering Buffered Digital S&P 500® Index-Linked Notes. Each $1,000 face‑amount note pays no interest and at maturity delivers a cash amount tied to the S&P 500 performance from trade date to determination date. If the final index level is ≥ the buffer level (85% of initial), holders receive a capped maximum settlement (expected between $1,083 and $1,097.40 per $1,000). If the final level is below 85%, losses accrue at approximately 1.1765% of face for each 1% decline below the buffer; investors could lose their entire investment. Notes are senior debt under the GSFC 2008 indenture, not listed, and subject to issuer/guarantor credit risk and uncertain U.S. federal tax treatment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, autocallable notes linked to the S&P 500® Index and the EURO STOXX 50® Index. The notes have an aggregate face amount of $1,884,000, no periodic interest, a stated maturity of April 21, 2031 and multiple quarterly automatic call observation dates beginning April 16, 2027. If not called, maturity payoffs depend solely on the lesser performing underlier: investors receive principal plus a 55.50% capped premium if both underliers finish at or above their initial levels, receive par if final levels are at or above 70% of initial levels, or suffer a loss equal to the lesser performing underlier return (potentially the entire investment).

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced an aggregate $3,159,000 offering of auto‑callable, principal‑at‑risk unsecured notes linked to the iShares® Bitcoin Trust ETF (IBIT). The notes pay $1,333 per $1,000 if automatically called on the call observation date; otherwise maturity payoffs depend on the final ETF price, a 150.00% leverage factor for upside, and a 75.00% downside threshold ($32.0475) versus an initial ETF price of $42.73.

The notes carry significant cryptocurrency exposure, no regular interest, estimated model value of approximately $978 per $1,000 at pricing, and underwriting discounts totaling 2.50%.

GS Finance Corp. priced a $524,000 aggregate offering of Performance Leveraged Upside Securities ("PLUS") linked to the S&P 500® Index, with pricing date April 16, 2026, original issue date April 21, 2026, valuation date July 30, 2027 and stated maturity August 4, 2027.

Each $1,000 PLUS provides 300% leveraged upside of the index percent increase up to a maximum payment of $1,162.00 per PLUS; declines in the index produce a pro rata loss of principal (1% loss of principal for each 1% index decline). All payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc., so holders are exposed to issuer and guarantor credit risk.

GS Finance Corp. priced a primary offering of market-linked medium-term notes (Equity Linked Securities) linked to the common stock of Amazon.com, Inc. with an Original Offering Price of $1,000 per security and a stated maturity date of October 21, 2027. The securities pay no interest and provide a contingent fixed return of 27.70% ($277 per security) if the ending stock price is greater than or equal to a threshold set at 85% of the starting price ($249.70 starting price), otherwise holders have 1-to-1 downside exposure and may lose up to 100% of principal. The estimated value on the pricing date was approximately $966 per $1,000 face amount; underwriting discount equals 2.325% ($23.25 per $1,000), producing proceeds to issuer of $976.75 per security.

GS Finance Corp. is offering digital equity-linked notes due November 1, 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and a capped maximum settlement amount of $1,430 per $1,000 if the final underlier level is greater than or equal to the trigger buffer level set at 60% of the initial underlier level. The underlier is the Class A common stock of Robinhood Markets, Inc. (HOOD). If the final underlier level is below the trigger buffer level, holders lose an amount equal to the underlier return times $1,000 and may lose their entire investment. The trade date is April 27, 2026, original issue date is April 30, 2026, determination date is October 27, 2027 and the calculation agent is Goldman Sachs & Co. LLC. The notes pay no interest and the original issue price exceeds the model-based estimated value; secondary market liquidity is not assured.

GS Finance Corp. is offering Autocallable Contingent Coupon Index‑Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc.. The notes reference the Dow Jones Industrial Average, Nasdaq‑100 and Russell 2000, pay a contingent monthly coupon, and may be automatically called on observation dates.

Key terms: trade date April 23, 2026, original issue date April 28, 2026, stated maturity April 28, 2031. Coupon is $10.167 per $1,000 (1.0167% monthly; up to ~12.2% per annum) if each underlier is ≥ 70% of its initial level on an observation date. The cash settlement at maturity (if not called) is based solely on the lesser performing underlier, and could result in a loss of your entire investment.

GS Finance Corp. priced a contingent monthly coupon, autocallable structured note guaranteed by The Goldman Sachs Group, Inc. The offering totals $2,979,000 of notes with a $1,000 face amount per note, a potential monthly coupon of 1.0375% (up to 12.45% per annum), and an original issue date of April 21, 2026. Coupons are paid only if each underlier (DJIA, Russell 2000, S&P 500) closes at or above 80% of its initial level on the observation date. The notes are automatically called on specified quarterly call observation dates if each underlier closes at or above its initial level; otherwise, the cash settlement at maturity on April 21, 2031 depends solely on the performance of the lesser performing underlier and can result in a complete loss of principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable structured notes that reference ADS of Taiwan Semiconductor Manufacturing Company and the common stocks of NVIDIA, Alphabet Class C and Apple. The notes pay a monthly coupon of either $7.084 or $0.209 per $1,000 face amount depending on index stock performance, may be automatically called beginning April 2027, and mature on April 23, 2031. The aggregate initial face amount is $1,363,000, original issue price is 100% and the estimated value at pricing was approximately $954 per $1,000. Payments are subject to the issuer’s and guarantor’s credit risk, anti-dilution adjustments, market disruption rules, and the calculation agent’s discretionary determinations.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk, autocallable contingent quarterly coupon notes tied to the Dow Jones Industrial Average, Russell 2000 and S&P 500. The notes pay a quarterly contingent coupon of 2.4375% per quarter (up to 9.75% per annum) if each underlier is at or above its coupon trigger (70% of initial). The notes will be automatically called if, on any call observation date, each underlier is at or above its initial level; otherwise the maturity payout depends on the performance of the lesser performing underlier and can result in a total loss of principal. Trade date is April 16, 2026 and stated maturity is April 21, 2031. The offering shows an aggregate face amount of $3,276,000 and an original issue price of 100% of face amount with a 0.85% underwriting discount.

GS Finance Corp. offers $5,617,000 of medium‑term structured notes fully guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Microsoft Corporation (MSFT). The notes pay no interest, include an automatic call feature and have principal return tied to MSFT's performance.

If the closing level on the call observation date is at or above the initial level, the notes will be automatically called and pay $1,194.50 per $1,000 on the call payment date. If not called, maturity payoffs vary: upside participation is 125%; a built‑in buffer equals 90% of the initial level and a 10% buffer amount mitigates small declines, but deep declines can produce large losses (examples show as low as 10% of face at maturity).

GS Finance Corp. is offering indexed, non-interest-bearing medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) tied to an equally weighted basket of five stocks. The notes have a face amount of $1,000 per note ($560,000 aggregate initially), an original issue date of April 21, 2026, and a stated maturity date of April 19, 2029. The notes include an automatic call feature with call observation dates beginning April 16, 2027, call premiums of 17.1% and 34.2% on the listed call dates, a capped maturity payoff equal to 51.3% of face above principal when the final basket level is nonnegative, and downside exposure below a trigger buffer level equal to 70% of the initial basket level. The estimated value on the trade date was approximately $958 per $1,000 face amount. The notes are unsecured obligations subject to the issuer and guarantor credit risk and complex valuation, anti-dilution adjustments and market-disruption provisions described herein.

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes due in 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $11.667 per $1,000 (1.1667% monthly, up to ~14% annually) only if each index closes at or above 90% of its initial level on coupon observation dates. The notes may be automatically called if, on any call observation date, each index closes at or above its initial level; maturity/settlement depends on the performance of the single lesser-performing index, with a 30% buffer (buffer level = 70% of initial). The estimated value on the trade date is $925–$955 per $1,000 face amount and the notes are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, S&P 500®-linked medium‑term notes whose cash repayment at maturity depends on the S&P 500 performance between the trade date and the determination date. The notes have a $1,000 face amount per note, an upside participation rate of 125% capped at a $1,250 maximum settlement amount, a 90% buffer level and a stated maturity in April 2028. If the final underlier level is at or above 90% of the initial level you will receive at least the face amount; declines beyond the buffer produce pro rata losses, and the notes pay no interest.

The issuer, GS Finance Corp., is offering autocallable, contingent-coupon barrier notes linked to an equally weighted basket of Microsoft, Oracle and Palantir. Each unit has a $10 principal amount and an expected term of approximately three years if not called. Coupon payments are monthly and contingent on the Basket’s Observation Value being at least 80% of the Starting Value; a memory feature aggregates unpaid monthly coupons. The notes are automatically callable if the Basket observation is at or above the Starting Value on a Call Observation Date. At maturity, if the Ending Value is below 80% of the Starting Value, investors bear 1-to-1 downside exposure and could lose up to 100% of principal. Payments are subject to GSFC and Goldman Sachs credit risk and the notes have limited secondary-market liquidity.

GS Finance Corp. is offering $Trigger Autocallable GEARS linked to an equally weighted basket of 31 stocks, guaranteed by The Goldman Sachs Group, Inc. The notes have an initial basket level of 100, an autocall barrier of 100% of the initial level, upside gearing of 1.50 and a downside threshold of 75% of the initial level. If the basket is at or above the autocall barrier on the call observation date, the notes will be automatically redeemed for the face amount plus a call return (expected between 19.60% and 21.60%). If not called, maturity payoffs depend on the final basket level: above initial level pays upside gearing times the basket return, between the downside threshold and initial level returns the face amount, and below the downside threshold exposes holders to full downside (potential loss of all principal). Payments are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk. Trade date is expected April 24, 2026 and stated maturity is expected April 27, 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the S&P 500® Futures Excess Return Index with an aggregate face amount of $4,733,000. The notes pay no interest and mature on April 21, 2031. If the final underlier level exceeds the initial level, holders receive the face amount plus the 191.25% upside participation times the underlier return. If the final underlier level is between the initial level and the buffer level (80% of initial), holders receive the face amount. If the final underlier level is below the buffer level, investors suffer a loss equal to 1% of face amount for each 1% the final level is below the buffer (buffer amount = 20%), and could lose a substantial portion of principal. Original issue price is 100% of face; underwriting discount 1.125%; net proceeds to issuer 98.875% of face.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering index-linked medium‑term notes with an aggregate face amount of $22,357,000. The notes pay no periodic interest, are subject to automatic annual calls (first call observation April 16, 2027), and provide a cash settlement at maturity based on the performance of the Goldman Sachs Momentum Builder® Focus ER Index. If not called, maturity settlement on each $1,000 face amount pays either $1,000 (if the index return is zero or negative) or $1,000 plus participation in positive index performance (100% upside participation rate). The index applies daily rebalancing, a 5% realized volatility control, and a 0.65% per annum deduction, and may allocate a large portion of exposure to cash positions. Trade date estimated value was $905 per $1,000 face amount; original issue price is 100% with a 4.625% underwriting discount. Tax treatment: the notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.

GS Finance Corp. is offering callable notes linked to the Invesco QQQ, Series 1 ETF, guaranteed by The Goldman Sachs Group, Inc. The notes mature on April 29, 2032 (expected) and may be redeemed monthly beginning April 2027 at prescribed call premiums. At maturity, each $1,000 face amount pays $1,000 plus any positive ETF return (100% participation); if the ETF return is zero or negative, holders receive $1,000. The estimated value at pricing is $885–$925 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk and complex tax rules for contingent payment debt instruments.

GS Finance Corp. offers callable Dow Jones Industrial Average®-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and, if held to maturity, repay for each $1,000 face amount either $1,000 (if the index return is zero or negative) or $1,000 plus the product of $1,000 and the index return (100% upside participation). The notes may be redeemed at the issuer's option on specified quarterly call payment dates beginning May 4, 2027; each call carries a capped call premium (examples: at least 10% on May 4, 2027 and at least 47.5% on February 3, 2031). Trade date is expected to be April 29, 2026 and stated maturity is expected to be May 2, 2031. The estimated value at pricing is between $885 and $915 per $1,000, while the original issue price is 100% of face amount. Investors bear credit risk of GS Finance Corp. and Goldman Sachs, potential early redemption, limited upside if redeemed, market liquidity risk and specific U.S. tax treatment as contingent payment debt instruments.

The issuer GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced contingent income securities linked to the Class B common stock of NIKE, Inc. The notes have a $1,000 principal amount per security, an estimated value range of $910 to $970, and may price on or about April 30, 2026 with an original issue date expected of May 5, 2026 and a stated maturity date expected of May 5, 2027.

Holders may receive a contingent quarterly coupon only if the closing price of NIKE on each coupon observation date is greater than or equal to the downside threshold price (set at 80.00% of the initial share price). If the final share price is below that threshold, payment at maturity equals $1,000 multiplied by the share performance factor (final share price / initial share price), exposing holders to partial or total principal loss. The contingent quarterly coupon formula will be set on the pricing date and is at least $47.00 (times observation-count mechanics described in the supplement).

GS Finance Corp. is offering one-year, equity-linked notes (guaranteed by The Goldman Sachs Group, Inc.) tied to the Class A common stock of Palantir Technologies, Inc. The notes pay a contingent quarterly coupon of $54.375 per $1,000 (5.4375% quarterly; up to 21.75% per annum) only if the underlier closes at or above 60% of the initial level on each coupon observation date. The notes are automatically called if the underlier closes at or above the initial level on any call observation date. At maturity (April 21, 2027) unpaid principal is exposed to the underlier return if the final level is below 60% of the initial level; you could lose your entire investment.

GS Finance Corp. offers callable, principal-at-risk notes linked to a Class A ordinary share of Accenture plc. The notes pay a monthly coupon of $11.792 per $1,000 if the index stock closes at or above 61% of the initial price on observation dates, may be automatically called from November 2026, and mature on or about June 4, 2027. At maturity the cash payment depends on the index stock return; if the final price is below 61% of the initial price, investors can suffer substantial principal loss. The estimated initial model value is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering market-linked Medium-Term Notes, Series F, guaranteed by The Goldman Sachs Group, Inc., linked to the lowest performing of the S&P 500®, Russell 2000® and EURO STOXX 50®. The notes pay a contingent quarterly coupon of $26.25 per $1,000 (10.50% per annum) only if the lowest-performing index on each calculation day is at or above 75% of its starting level, are auto-callable if the lowest-performing index is at or above its starting level on a call date, and expose holders to full downside on the lowest-performing index at maturity on May 4, 2029.

The pricing date is April 30, 2026; original issue date is May 6, 2026. The estimated value at pricing is expected between $925 and $955 per $1,000 face amount; original offering price is $1,000 per security.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of CrowdStrike Holdings, Inc. The notes pay contingent quarterly coupons ($34 increments) only if the underlier meets a 50% coupon trigger on observation dates and are automatically called if the underlier equals or exceeds the initial level on any call observation date. At maturity, if not called, principal is either fully returned or reduced in proportion to the underlier return when the final underlier level is below the 50% trigger buffer; investors could lose their entire investment. Trade date is April 24, 2026, original issue date April 29, 2026, and stated maturity is April 27, 2028.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non‑interest notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. 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 date of May 5, 2033. The notes are automatically called if the index closing level on any call observation date is ≥102% of the initial index level, producing predefined call payments; if not called, maturity pays $1,927.50 per $1,000 if the final index level ≥102% of the initial index level, or $1,000 per $1,000 otherwise. The index applies a 0.65% per annum deduction (accruing daily) and a 5% realized volatility control that can shift exposure into zero‑return cash positions. The estimated value at pricing is between $850 and $880 per $1,000 face amount; investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, non‑interest bearing medium‑term notes linked to the 10‑year U.S. dollar SOFR ICE swap rate. The notes pay a cash settlement at maturity on May 18, 2026 based solely on the reference rate level on the determination date (May 14, 2026), using an initial reference rate of 3.502%. Returns are capped at a $3,683.1455 maximum settlement per $1,000 face amount and floored at a $231.47 minimum. The structure is primarily bearish: holders benefit only if the final reference rate is at or below the initial level; small increases above the threshold (~3.7741%) can produce large principal losses. The estimated model value on the trade date was $940 per $1,000 face amount.

GS Finance Corp. is offering Enhanced Trigger Jump Securities linked to the Class B common stock of NIKE, Inc. The securities have a stated principal amount of $1,000 per security, expected to price on or about April 30, 2026, issue on May 5, 2026, with a valuation date expected May 7, 2027 and a stated maturity of May 12, 2027. If the final share price on the valuation date is greater than or equal to the downside threshold (80.00% of the initial share price), each security pays $1,000 plus an upside payment of at least $223 (22.30%). If the final share price is below the downside threshold, payment equals $1,000 × (final share price / initial share price), exposing investors on a 1:1 basis to declines and allowing for the loss of all principal. Payments are subject to issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-at-risk, non-interest notes linked to three stocks: Robinhood Markets Class A, NVIDIA and Alphabet Class C. The notes mature on May 3, 2029 unless automatically called earlier.

The notes pay no periodic interest. They will be automatically called if, on the call observation date (expected April 28, 2027), each index stock’s closing price is at or above its initial price, producing a capped cash payment of $1,650 per $1,000 face amount. If not called, the maturity payment depends solely on the lesser performing index stock: a 250% upside participation applies to positive returns; a 70% buffer threshold and a 30% buffer amount determine whether losses are amplified. The estimated value at pricing is between $925 and $955 per $1,000.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering buffered, capped, principal-at-risk notes linked to the S&P 500 Index. The notes pay no interest and mature on April 29, 2027 (determination date April 27, 2027), with an initial underlier level of 7,022.95 set on April 15, 2026.

At maturity holders receive the maximum settlement amount $1,114 if the final underlier level is >= the initial level; receive the face amount ($1,000) if the decline is within the 10% buffer (buffer level = 90%); and otherwise suffer a proportional loss equal to each 1% decline beyond the buffer, potentially losing a substantial portion of principal. Original issue price equals face amount less a 0.1% underwriting discount.

The Goldman Sachs Group, Inc. is offering fixed rate notes due April 30, 2029. The notes are expected to carry an interest rate of 4.25% per annum, pay interest semiannually on April 30 and October 30, and will be issued in denominations of $1,000. The trade date is April 28, 2026 and the original issue date is April 30, 2026. The notes will be issued in book-entry form through DTC, will not be listed on an exchange, and have CUSIP 38151FYW7. Distribution and pricing details, including any variation in original issue price for certain fee-based advisory accounts, are described in the supplemental plan of distribution.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due October 22, 2030 that pay interest at 5.00% per annum. Interest accrues from the expected original issue date of April 22, 2026 with annual interest payment dates expected each October 22, the first on October 22, 2026. The notes are redeemable at the issuer’s option in whole (but not in part) on each expected quarterly redemption date (each January 22, April 22, July 22 and October 22 on or after October 22, 2026) 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, settle in immediately available funds, and are generally subject to FATCA withholding rules. Distribution is arranged by Goldman Sachs & Co. LLC as underwriter and potential market maker; settlement is expected in New York on April 22, 2026.

The Goldman Sachs Group, Inc. is offering fixed rate notes due April 30, 2031 with an annual interest rate of 4.50%. The notes are U.S. dollar denominated, issued in minimum denominations of $1,000, with a trade date of April 28, 2026 and an original issue date of April 30, 2026. The notes will be issued in book-entry form through DTC and will not be listed on any securities exchange. Original issue price is generally stated as 100% of principal, although the pricing supplement notes variations for certain fee-based advisory accounts. The notes are senior unsecured obligations issued under the company’s medium-term note program and are not FDIC insured.

GS Finance Corp. is offering structured notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the Russell 2000® Index with an aggregate face amount of $3,800,000. Each $1,000 note pays no interest and returns at maturity either the face amount, a leveraged upside (200% participation) capped at a $1,174 maximum settlement, or a principal loss if the index declines more than the 10% buffer (buffer level = 90% of the initial level). The notes reference an initial underlier level of 2,713.663 (set April 15, 2026). Trade date is April 16, 2026, original issue date April 20, 2026, determination date April 27, 2027 and stated maturity April 29, 2027 (all subject to adjustment).

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, non‑interest bearing structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a $1,000 face amount, expected trade date April 24, 2026, expected original issue date April 29, 2026 and an expected stated maturity date May 1, 2031. The notes can be automatically called on specified observation dates beginning in October 2026 if the index closing level is ≥90% of the initial level, with capped call payments per the listed call premium schedule. If not called, maturity payoffs depend on the index performance versus the initial level, with a maximum settlement of $2,060.02 per $1,000 and a trigger buffer at 60% of the initial underlier. The index applies up to 500% leverage, a daily 6.0% per annum decrement, and other signal/volatility adjustments; estimated initial note value is between $885 and $925 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity‑Linked Notes due June 4, 2027, fully guaranteed by The Goldman Sachs Group, Inc.

The notes reference the common stock of Salesforce, Inc. (ticker CRM UN) and pay a contingent monthly coupon of $11.334 per $1,000 face amount when the underlier is at or above a 61% coupon trigger level on observation dates. The notes are automatically called if the underlier is at or above the initial underlier level on any call observation date. If not called, maturity cash settlement depends on final underlier performance, with principal at risk (for example, a final underlier level of 15% would produce a cash settlement of 15% of face amount).

GS Finance Corp. is offering autocallable, non‑interest bearing notes linked to the Russell 2000® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes may be automatically called on the call observation date (expected May 3, 2027) for a fixed cash payment of $1,150 per $1,000 face amount. If not called, payment at the stated maturity (expected April 29, 2031) depends on the underlier return measured from the trade date (expected April 24, 2026) to the determination date. Positive index returns pay 285% participation; declines up to 40% (trigger buffer = 60% of initial level) return principal; deeper declines produce a proportional loss (you could lose your entire investment). Estimated value on trade date is $885–$925 per $1,000 face amount. The notes are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. offers structured monthly‑coupon notes linked to MU, ORCL, PLTR and NVDA. The notes mature on May 5, 2031 (expected), have monthly coupon opportunities of $10 per $1,000 face amount (1% monthly) if each index stock closes at or above 70% of its initial price on coupon observation dates, and feature automatic redemption (call) if each index stock closes at or above its initial price on a call observation date. The trade date is expected to be April 27, 2026 and the original issue date is expected to be April 30, 2026. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and GS&Co. acts as calculation agent with discretionary adjustment and market‑disruption mechanics.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due April 26, 2029, guaranteed by The Goldman Sachs Group, Inc.. The notes pay a contingent monthly coupon of $8.875 per $1,000 (at least 0.8875% monthly, or up to 10.65% per annum) when each underlier meets its 70% coupon trigger on observation dates. The notes are automatically called on quarterly call observation dates if each underlier is at or above its initial level; otherwise the cash settlement at maturity is based solely on the lesser performing underlier and can result in a total loss of principal.