Goldman Sachs Group Inc. 424B Filings

GS Finance Corp. offers indexed, non‑interest bearing medium‑term notes backed by a guarantee from The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, an initial index stock price of $143.55 (Snowflake Inc.), an automatic call feature that pays $1,295 per $1,000 if Snowflake closes at or above the initial price on the call observation date, and a threshold settlement amount of $1,590 at maturity if the final stock price is at or above the initial price. If not called, maturity payout depends on the index stock return measured from April 16, 2026 to the determination date, expected April 17, 2028, with a buffer level of 60% (losses begin if final price falls below 60% of the initial price) and a buffer rate of approximately 166.67%. The estimated value on the trade date is approximately $900–$930 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk and the calculation agent (GS&Co.) has discretionary adjustment and valuation authority.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10.875 per $1,000 if each underlier meets its 70% coupon trigger on observation dates, and are automatically called if all underliers reach their initial levels on a call observation date. The cash settlement at maturity (if not called) is based on the lesser performing underlier and can result in a complete loss of principal; trade date is April 30, 2026 and stated maturity is May 3, 2029.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering autocallable contingent coupon equity-linked notes tied to the common stock of The Mosaic Company (Bloomberg: "MOS UN"). The notes trade on April 28, 2026, have an original issue date of April 30, 2026, and a stated maturity of May 3, 2029.

Holders receive contingent quarterly coupons computed using a $35.125 factor per $1,000 face amount when the underlier closes at or above the coupon trigger level of 50% of the initial underlier level on an observation date. The notes are automatically called if the underlier closes at or above the initial underlier level on any call observation date. At maturity, if not called, cash settlement is based on the final underlier level versus the initial underlier level with a trigger buffer at 50%; if the final level is below that buffer, investors may lose substantially or all of their principal.

GS Finance Corp. priced $41,956,000 autocallable GEARS linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. The notes pay no coupons, may be automatically called on April 22, 2027 at a 15.00% call return and mature on April 18, 2031. Payments depend on the final basket level versus an initial level of 100, an upside gearing of 2.10 and a downside threshold of 75.00%. The estimated value on the trade date was approximately $9.73 per $10 face amount; original issue price is 100% of face. Any payment is subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. priced a structured note: a Trigger Autocallable GEARS linked to the EURO STOXX 50® and guaranteed by The Goldman Sachs Group, Inc. Trade date is April 28, 2026 with an expected original issue date of April 30, 2026. The securities mature on April 30, 2031 unless automatically called on the call observation date (May 5, 2027), in which case holders receive $10 plus an 18.00% call return per $10 face amount on the call payment date.
The product provides enhanced upside via an upside gearing (set on the trade date, expected between 1.42 and 1.62), a downside threshold at 75.00% of the initial index level, and full downside exposure below that threshold. Estimated model value on the trade date is between $9.35 and $9.65 per $10 face amount; original issue price is 100.00% of face amount with a 2.50% underwriting discount. Payments are subject to issuer and guarantor credit risk.

GS Finance Corp. priced contingent monthly-coupon, auto-callable notes linked to Palo Alto Networks, Inc. (PANW). The notes (aggregate face amount $2,437,000) pay a contingent monthly coupon of $11.292 per $1,000 if the underlier closes at or above 61% of the initial level on observation dates. The notes will be automatically called if the underlier closes at or above the initial level on any call observation date. At maturity (May 20, 2027), if not called, cash settlement per $1,000 depends on final underlier performance: investors receive $1,000 if the final level is ≥61% of the initial level, but will suffer pro rata losses down to 0% of face if the final level is lower, exposing investors to potential loss of their entire investment. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., bear underwriting discounts (2.15%) and are subject to credit, market, tax, and liquidity risks described herein.

GS Finance Corp. is offering autocallable notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the S&P 500® Futures Excess Return Index (SPXFP Index) and have a $1,000 face amount example. If the underlier is at or above the initial level on the call observation date, the notes will be automatically called and pay $1,130 per $1,000 on the call payment date. If not called, maturity pay depends on the final underlier level: upside participation is 200%, a buffer level of 80% applies, and downside outcomes can result in losses up to the full investment. The notes pay no interest, are cash-settled, subject to issuer and guarantor credit risk, and the underlier tracks E-mini S&P 500 futures (futures performance may diverge from the cash index).

GS Finance Corp. offers autocallable equity-linked notes tied to Meta Platforms, Inc. The notes pay no interest, include an automatic call feature with a minimum cash payment of $1,163 per $1,000 if the call condition is met, and mature in 2028 with payoff linked to the final underlier level.

Key terms: upside participation rate 125%, buffer level 80% (buffer amount 20%), underwriting discount 1.75%, and net proceeds to the issuer 98.25%. The notes are guaranteed by The Goldman Sachs Group, Inc., are credit‑exposed to the issuer/guarantor, and the tax treatment is uncertain.

GS Finance Corp. is offering $10 face‑amount Buffer Autocallable GEARS linked to an unequally weighted basket of five equity indices, guaranteed by The Goldman Sachs Group, Inc. Terms set on the trade date include an autocall barrier at 100%, a call return of 11.00%, an upside gearing expected between 1.68 and 1.88, a downside threshold at 90.00% and a 10.00% buffer. Expected dates: trade date April 28, 2026, original issue date April 30, 2026, call observation date May 4, 2027, call payment date May 7, 2027, determination date April 27, 2029 and stated maturity May 1, 2029.

The securities pay no coupons; if not called, positive returns are the upside gearing times the basket return, full principal is returned only if final basket level is between 100% and 90%, and losses are borne below 90% (holders lose 1.00% per 1.00% basket decline beyond the 10% buffer). Estimated value at pricing is between $9.35 and $9.65 per $10 face amount; original issue price is 100% with a 2.50% underwriting discount.

GS Finance Corp. offers structured, non-interest-bearing medium-term notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index with a 150% upside participation rate, an 85% trigger buffer and an initial underlier level of 7,022.95. The offering aggregates $3,705,000 face amount and may be automatically called on April 15, 2027 if the closing level of the underlier on that call observation date is greater than or equal to the initial underlier level; in that case each $1,000 face amount would pay $1,151.50 on the call payment date. If not called, the stated maturity date is April 18, 2031 and cash settlement at maturity depends on the final underlier level: upside participation applies when the final level exceeds the initial level, principal is preserved when the final level is at or above the trigger buffer (85%), and losses occur if the final level is below the trigger buffer (you could lose your entire investment).

Key economic terms: original issue price 100% of face amount; underwriting discount 0.3715%; net proceeds to issuer 99.6285% of face amount. Payments are cash-settled; the notes pay no interest. The prospectus highlights credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited liquidity, model‑based secondary market pricing, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering index-linked, principal-at-risk notes due April 29, 2031 that are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the cash payment at maturity is tied to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index. If both underliers finish above their initial levels, holders receive $1,000 + $1,000 × 120% × (lesser underlier return). If every underlier finishes at or above its buffer level (85% of initial), holders receive $1,000. If the lesser performing underlier finishes below its buffer, holders lose proportionally: the payment equals $1,000 + $1,000 × 100% × (lesser return + 15%), which can produce substantial principal loss.

The trade date is April 24, 2026 and the notes are expected to be issued on April 29, 2026. The calculation agent is Goldman Sachs & Co. LLC. The original issue price, underwriting discount and net proceeds will be set on the trade date.

GS Finance Corp. is offering leveraged, callable S&P 500® Futures Excess Return Index‑linked notes due (expected) April 29, 2031, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 face amount will pay at maturity either $1,000 or $1,000 plus 3.9x (390%) times the index return, measured from the trade date (expected April 24, 2026) to the determination date (expected April 22, 2031). The issuer may redeem the notes on monthly call payment dates beginning April 29, 2027, at 100% plus a specified call premium (example: April 29, 2027 call premium 10.0008%). The notes do not bear interest; estimated value at pricing is expected between $885 and $925 per $1,000 face amount. Payments are subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering $22,000,000 of Contingent Income Buffered Auto-Callable Securities linked to the common stock of Eli Lilly and Company due April 20, 2027. The notes pay a contingent monthly coupon only if the underlying closes at or above an 80.00% buffer (80% of an initial share price of $922.50) on each coupon observation date and may be automatically called early if the underlying closes at or above the initial share price on any call observation date. At maturity, if not called and the final share price is below the buffer, investors lose 1.25% of principal for every 1.00% decline beyond the buffer; if at or above the buffer, investors receive principal plus any final contingent coupon. The estimated value at pricing was approximately $994 per $1,000 principal amount; original issue price was $1,000.

GS Finance Corp. priced structured, non‑interest bearing notes linked to an equally weighted 4‑stock basket. The notes mature on May 3, 2027 (determination date April 28, 2027) and pay a cash settlement tied to the basket return measured from an initial basket level of 100 set on April 14, 2026. If the final basket level is ≥ 85% of the initial level, holders receive the maximum settlement of $1,190 per $1,000 face amount; if lower, losses are magnified by a buffer rate of ~117.65%, potentially resulting in a total loss of principal. The basket stocks are CrowdStrike (CRWD), Microsoft (MSFT), ServiceNow (NOW) and Palo Alto Networks (PANW). The original issue price was 100% (face), underwriting discount 1%, net proceeds 99%, and the estimated value at pricing was approximately $987 per $1,000.

GS Finance Corp. is offering structured, autocallable, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc. tied to three underliers: the Russell 2000 Index, the EURO STOXX 50 Index and the State Street® Utilities Select Sector SPDR® ETF (XLU). The notes have an expected trade date of April 28, 2026, an expected original issue date of April 30, 2026 and an expected stated maturity of May 5, 2031.

If on any call observation date (first expected April 28, 2027) the closing level of each underlier is >= its initial level, the notes will be automatically called and pay principal plus a call premium (table of call premiums ranges from 16% up to 76% depending on call date). If not called, the maturity payoff is based on the lesser performing underlier: full face ($1,000) plus an 80% maturity premium if all underliers finish >= initial levels, $1,000 if all finish >=70% but some below initial, or a principal reduction linked to the lesser performing underlier if any underlier finishes below 70% (losses can exceed 70% of face). The estimated value at pricing is stated between $885 and $925 per $1,000 face amount; original issue price is 100% of face for many investors.

GS Finance Corp. issues commodity-linked notes maturing April 20, 2028. The offering totals $5,000,000 in aggregate face amount and links payoffs to three ETFs: abrdn Platinum ETF Trust, SPDR® Gold Trust and iShares® Silver Trust. Quarterly coupons of $45 per $1,000 face (4.5% quarterly) are payable only if each ETF closes at or above 70% of its initial level on an observation date. If not redeemed, principal at maturity depends on the lesser performing ETF: full face amount if each ETF is ≥70% of initial levels, otherwise a loss that uses a 30% buffer and a buffer rate of ~142.86%. The issuer may redeem notes at 100% plus any coupon on coupon payment dates from October 2026 through January 2028. The estimated value at pricing was approximately $941 per $1,000 face amount.

GS Finance Corp. is offering principal-at-risk, cash-settled notes linked to the Nasdaq-100 and S&P 500 that include a 250% upside participation and an 80% buffer. The notes have an aggregate face amount of $4,444,000, do not pay interest, and may be automatically called on annual observation dates with call premiums of 13.65% and 27.3%. If not called, the maturity payment depends on the lesser performing underlier: full upside participation if both underliers finish above their initials; the face amount if the lesser underlier is between 80% and its initial level; or a reduced payment tied to the buffer formula if below 80%. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers fixed-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $12,365,000 aggregate face amount in $1,000 denominations and pays a fixed monthly coupon of $6.792 per $1,000 (about 8.15% per annum). The notes mature on July 20, 2027 with a determination date of July 15, 2027.

Redemption at maturity depends on the lesser performing of the Russell 2000® and Nasdaq-100® measured from initial levels set on April 14, 2026. There is an 80% buffer level (i.e., -20% trigger) and a buffer rate of 125%. The estimated value at pricing was approximately $995 per $1,000 face amount. Investors remain exposed to issuer and guarantor credit risk and to index performance.

GS Finance Corp. is offering contingent coupon, automatically callable medium-term notes linked to four individual stocks (Charles Schwab, Citigroup, AMD and Tesla). The notes mature on April 20, 2033 unless automatically called on an observation date beginning in April 2027 through March 2033. Monthly observation dates commence May 2026; a monthly coupon becomes payable for each $1,000 face amount only if the closing price of each index stock on the related observation date is at least 80% of its initial index stock price; an automatic call occurs if each index stock is >= 90% of its initial price on a call observation date, in which case holders receive principal plus the coupon then due.

The trade date is April 15, 2026, original issue date April 20, 2026, issue price 100% and the estimated model value at pricing was approximately $949 per $1,000 face amount. The offering is unsecured and guaranteed by The Goldman Sachs Group, Inc., so payments depend on the creditworthiness of the issuer and guarantor.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes linked to Microsoft Corporation stock, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,000 face amount per note, a contingent monthly coupon of $8.417 when the underlier closes at or above 72% of the initial level, an automatic call if the underlier closes at or above the initial level on a call observation date, a trade date of May 1, 2026, an original issue date of May 6, 2026, and a stated maturity of June 4, 2027. The cash settlement at maturity is cash-based and limits upside to 100% of face amount while exposing holders to full downside of the underlier, potentially losing the entire investment if the final underlier level is below the 72% trigger buffer level.

GS Finance Corp. is offering Autocallable S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called for $1,270 per $1,000 on the call payment date if the underlier closes at or above its initial level on the call observation date, and otherwise provide cash settlement at maturity that depends on the final underlier level. Key terms set on the trade date include a 200% upside participation rate, an 80% buffer level (buffer rate = 125%), a trade date of April 23, 2026, original issue date of April 28, 2026, and a stated maturity of April 28, 2031. The underlier is the S&P 500® Futures Excess Return Index (E‑mini S&P 500 futures performance), which may diverge from the S&P 500® Index due to futures financing costs and roll yields; investors could lose their entire investment.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due June 4, 2027, guaranteed by The Goldman Sachs Group, Inc.. The notes reference the common stock of Uber Technologies, Inc. and pay a contingent monthly coupon of $10 per $1,000 (1% monthly) only if the underlier meets a coupon trigger of 62% of the initial level on each coupon observation date. The notes are automatically called if the underlier is at or above the initial level on any call observation date. At maturity, if not called, the cash settlement equals $1,000 if the final underlier level is at or above the trigger buffer (62%); if below, the payment equals $1,000 plus $1,000 times the underlier return, meaning investors can lose up to their entire investment. Trade date is April 30, 2026 and original issue date is May 5, 2026.

GS Finance Corp. offers structured monthly‑coupon notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500®, Russell 2000® and the State Street® Utilities Select Sector SPDR® ETF (XLU). The notes mature April 27, 2029 (trade date expected April 24, 2026) and may be redeemed at issuer option on monthly coupon payment dates from June 2026 through March 2029. Monthly coupons of $9.584 per $1,000 (0.9584% monthly, ~11.5% annualized) are payable only if each underlier’s closing level on the monthly observation date is >= 75% of its initial level. At maturity, if the lesser performing underlier is >=75% of its initial level, holders receive $1,000 plus any final coupon; if below 75%, the cash settlement applies a ~133.33% buffer rate to the lesser performing underlier return, which can result in losses (examples show potential to lose most of principal). The estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. is offering Autocallable ETF‑Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the iShares MSCI Emerging Markets ETF (EEM) and iShares MSCI EAFE ETF (EFA). The terms include a 150% upside participation rate, a trigger buffer at 70%, an automatic-call structure that would pay $1,158.50 per $1,000 on the call payment date if each underlier closes at or above its initial level on the call observation date, and maturity payoffs tied to the lesser performing underlier (you could lose your entire investment). Trade date is April 30, 2026 and original issue date is May 5, 2026.

GS Finance Corp. offers principal-protected-conditional structured notes linked to the Class A common stock of Meta Platforms, Inc., the common stock of Amazon.com, Inc. and the common stock of Tesla, Inc. The notes have a $1,000 face amount per note, aggregate initial face amount $1,000,000, trade date April 15, 2026, original issue date April 20, 2026 and stated maturity April 23, 2029. Coupons are monthly in formulaic amounts (product of $11.667 per observation and prior payments), but a coupon is paid on a payment date only if each index stock’s closing price on the related coupon observation date is at least 50% of its initial price. The notes are automatically called if, on any quarterly call observation date, each index stock closes at or above its initial price (META $671.58, AMZN $248.50, TSLA $391.95), in which case holders receive face amount plus the coupon then due. If not called, maturity payoff depends on whether a trigger event occurs (all final prices below initial prices). If a trigger event occurs, the cash settlement equals $1,000 plus the lesser performing index stock return times $1,000 and could be materially below principal. The estimated value when terms were set was approximately $980 per $1,000 face amount. Payment obligations are subject to the credit risk of GS Finance Corp. and guarantor The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering callable fixed rate notes due 2051 with a stated interest rate of 6.00% per annum. The notes are expected to have an original issue date of April 28, 2026, a stated maturity of April 28, 2051, and annual interest payment dates expected each April 28 beginning April 28, 2027. The issuer may redeem the notes in whole, not in part, on expected quarterly redemption dates on or after April 28, 2028, upon at least five business days’ prior notice, at a redemption price equal to 100% of principal plus accrued interest.

GS Finance Corp. offers Buffer Autocallable GEARS linked to the S&P 500® Index, 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 4, 2027, and a determination date of April 27, 2029 with a stated maturity of May 1, 2029. Key economics set on the trade date include 10.00% buffer, a downside threshold of 90.00% of the initial index level, an expected upside gearing between 1.23 and 1.43, and a call return of 9.00%. The estimated value at term-setting is between $9.40 and $9.70 per $10 face amount; the original issue price is 100.00% of face. These are unsecured notes; any payment is subject to issuer and guarantor credit risk.

GS Finance Corp. offers $5,690,500 aggregate face amount of Buffer Autocallable Securities linked to the S&P 500® Index, due 2031, guaranteed by The Goldman Sachs Group, Inc. The securities have an automatic call feature on the call observation date and a 25.00% buffer (downside threshold 75.00% of the initial index level). If not called, repayment at maturity depends on the final index level: full face amount if the index is at or above the initial level (or above the downside threshold), participation in positive index returns above the initial level, and pro rata losses beyond the buffer if the index closes below the downside threshold. Key economics: initial index level 7,022.95, call return 8.65%, trade date April 15, 2026, original issue date April 20, 2026, call observation date April 22, 2027, determination date April 15, 2031. The issuer may sell additional aggregate face amount at its sole option.

GS Finance Corp. is offering index-linked notes due April 19, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and their cash payment at maturity for each $1,000 face amount depends on the lesser performing of the Russell 2000® and S&P 500® from April 15, 2026 to the determination date. The notes feature an upside participation rate of 111.25%, an 18% downside buffer (82% buffer level) and complex payoff rules that can produce positive, zero or significantly negative returns (including large principal losses). The estimated value on the trade date is approximately $983 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.2%.

GS Finance Corp. is offering contingent monthly coupon notes tied to the common stocks of Amazon.com, Inc., Alphabet Inc. (Class A) and Meta Platforms, Inc.. Each $1,000 face note pays a contingent coupon of $7.50 per month (0.75% monthly; up to 9.00% per annum) if each underlier meets its coupon trigger (72.75% of its initial level) on the related coupon observation date. The notes include an automatic call if, on any call observation date, each underlier is at or above its initial level; called notes repay $1,000 plus any coupon then due. Trade date is April 15, 2026; stated maturity is April 22, 2031. GS&Co. is the calculation agent, and the notes are fully guaranteed by The Goldman Sachs Group, Inc.. The pricing supplement discloses an estimated trade‑date value of $984 per $1,000 face amount and an additional amount of $16 that amortizes to zero on July 14, 2026.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly‑coupon, autocallable notes linked to Amazon.com, Inc. common stock. The offering totals $3,337,000 aggregate face amount with an original issue price of 100% of face and a net proceeds to issuer of 97.5% of face. Coupons are contingent and paid only when the underlier closes at or above 65% of the initial level on observation dates; each coupon accrues via a specified schedule that uses $26.575 increments per coupon observation count. Notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, maturity payout depends on the final underlier level relative to the 65% trigger buffer and can result in a total loss of principal; the determination date is April 16, 2029 and stated maturity is April 19, 2029.

GS Finance Corp. offers Contingent Income Auto-Callable Securities linked to the Class A common stock of CoreWeave, Inc. The securities mature April 27, 2029 and pay a contingent quarterly coupon set at a product that includes at least $70.75 (set on the pricing date) per $1,000 principal when the underlying stock's closing price on a coupon observation date is at or above the downside threshold, which equals 50.00% of the initial share price. If the securities are automatically called on a call observation date when the underlying closing price is at or above the initial share price, holders receive principal plus the contingent coupon then due. If the final share price at maturity is below the downside threshold, holders will receive the principal amount multiplied by the share performance factor (final/initial), exposing investors to significant principal loss, potentially down to 0.00% of principal. The pricing supplement lists an estimated value range of $910 to $970 per security and an underwriting discount of 2.25%. The offering involves issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited upside (no participation in stock appreciation), and potential tax and liquidity risks.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stock of Amazon.com, Inc. Each note has a $1,000 face amount and pays a fixed monthly coupon of $7.917 (0.7917% monthly, ~9.5% per annum). Notes may be automatically called on specified monthly observation dates beginning November 2026 if the index stock closing price is greater than or equal to the initial index stock price. If not called, maturity is expected June 4, 2027, with payoff tied to the index stock return from the trade date (expected May 1, 2026) to the determination date (expected June 1, 2027). A trigger buffer price equals 69% of the initial index stock price: if the final price is below that level, investors suffer a proportional loss and may receive less than 69% of face amount. The estimated value at pricing is $925 to $955 per $1,000 face amount, below the original issue price.

GS Finance Corp. priced structured, autocallable notes backed by Goldman Sachs. The offering aggregates $3,012,000 of principal and pays no periodic interest. Notes auto‑call on quarterly observation dates if all three underliers (DJIA, Russell 2000, S&P 500) close at or above their initial levels; call premiums range from 10.5% to 49.875%. If not called, maturity payoff depends solely on the lesser performing underlier, with a trigger buffer at 70% and a capped maturity premium of 52.50%; investors may lose their entire investment if the lesser performing underlier falls below the trigger buffer.

GS Finance Corp. is offering Trigger Autocallable Contingent Yield Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Devon Energy Corporation with an initial underlying stock price of $45.78, a coupon barrier and downside threshold of 65% of that price, and a contingent quarterly coupon of $0.28 per $10 face amount (up to 11.20% per annum). The notes may be automatically called beginning July 2026 if the stock closes at or above the initial price on a call observation date; if not called, principal repayment at maturity is contingent on the final stock price and can result in a partial or total loss of principal. Payments depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering callable, equity‑linked notes tied to the common stock of Oshkosh Corporation. Each $1,000 face‑amount note pays a conditional quarterly coupon (2.6125% per quarter, up to 10.45% per annum) only if the index stock closing price on a coupon observation date is at least 55% of the initial index stock price of $140.21. The notes may be automatically called if the index stock closes at or above $140.21 on any call observation date, and mature on April 19, 2029 if not called. At maturity, if the final index stock price is below the trigger buffer price (55% of the initial price), holders receive a cash settlement reduced pro rata by the index stock return and may lose a substantial portion or all of principal. The notes are unsecured obligations subject to issuer and guarantor credit risk and limited anti‑dilution protections.

GS Finance Corp. is offering structured, three-year, S&P 500® index-linked notes that pay no interest and return principal at maturity only if the S&P 500® performs above a 20% downside buffer; upside is participation at 150% up to a $1,315 cap per $1,000 face amount. The notes carry issuer and guarantor credit risk of The Goldman Sachs Group, Inc., do not grant shareholder rights in the underlier, and are subject to uncertain U.S. federal tax treatment. The trade date is April 15, 2026, original issue date April 20, 2026, determination date April 16, 2029 and stated maturity April 19, 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-protected, callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The offering aggregates $4,968,000 of face amount with a stated maturity of April 20, 2033 and annual early call opportunities beginning April 15, 2027. If a call observation date meets the call level, holders receive principal plus a fixed call premium; otherwise the cash settlement at maturity depends on index performance with a 100% upside participation rate and a floor equal to the face amount.

The index measures a volatility-controlled, momentum-driven basket of up to nine underlying indices and cash positions, is calculated on an excess-return basis less a 0.65% per annum deduction, and may allocate substantially to cash positions, which can materially limit index upside. The notes do not bear interest and are subject to the issuer and guarantor credit risk. GS&Co. estimated the notes' value at $904 per $1,000 on the trade date; the offering price exceeds that estimated value.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due 2030 paying 4.625% interest per annum. The notes have an expected original issue date of April 30, 2026 and an expected stated maturity of April 30, 2030. Interest is expected semiannually on April 30 and October 30, beginning October 30, 2026. The notes are callable at the issuer’s option in whole (not in part) on quarterly redemption dates on or after April 30, 2028, with at least five business days’ prior notice and a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC and are subject to FATCA withholding rules.

GS Finance Corp. offers non‑interest notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. Trade date is expected to be April 24, 2026 with an original issue date expected to be April 29, 2026 and a stated maturity of May 1, 2031. The notes are automatically called if the index on any call observation date starting in October 2026 is ≥ 85% of the initial level, producing a call payment that equals $1,000 plus a specified call premium. If not called, maturity payoff depends on the final underlier level with a maximum settlement of $1,900 per $1,000 face amount, a trigger buffer at 60%, and a daily decrement of 6.0% per annum. The estimated value at pricing is between $885 and $925 per $1,000 face amount; the original issue price is 100% of face amount. Investors bear issuer and guarantor credit risk and may lose their entire investment.

GS Finance Corp. offers $4,226,000 aggregate face amount of Trigger Step Securities linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc., with a stated maturity date of April 18, 2031. The securities pay at maturity an amount per $10 face based on the final index level versus an initial index level of 5,940.34, featuring a 56.65% step return if the final index level is at or above the step barrier and a principal buffer at 75.00% of the initial index level.

Payments (including any contingent repayment of principal) are subject to the creditworthiness of GS Finance Corp. and the guarantor. The estimated value on the trade date was approximately $9.67 per $10 face amount, and the original issue price is 100.00% of face amount (underwriting discount 3.50%, net proceeds 96.50%). The securities are riskier than ordinary debt and may result in significant or total loss of investment.

GS Finance Corp. is offering autocallable, cash‑settled notes linked to the S&P 500® Futures Excess Return Index, due April 26, 2030, and guaranteed by The Goldman Sachs Group, Inc. The notes do not pay interest, include a 200% upside participation rate and an 80% buffer level, and may be automatically called on the call payment date for a fixed cash payment of $1,200 per $1,000 face amount if the underlier's call observation closing level is greater than or equal to the initial underlier level.

The maturity payment depends on the final underlier level: if above the initial level, you receive $1,000 plus participation on upside; if between the buffer level and the initial level, you receive $1,000; if below the buffer level, the payoff applies the buffer rate and could result in a substantial or complete loss of principal. These notes are subject to issuer and guarantor credit risk, negative roll yield effects from futures exposure, limited secondary market liquidity, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering autocallable equity-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc., with payments tied to the common stock of Palo Alto Networks, Inc. (ticker: PANW). The notes have a 150% upside participation rate and a 65% trigger buffer level. If the notes are automatically called (measured on the call observation date), each $1,000 face amount would pay $1,189 on the call payment date. If not called, the cash settlement at maturity depends on the final underlier level: above initial level yields upside participation, between the trigger buffer and initial level returns principal, and below the trigger buffer exposes investors to a loss equal to the underlier return times $1,000 (investors could lose their entire investment). Key dates shown include a trade date of May 1, 2026, original issue date May 6, 2026, a call observation date of May 3, 2027, determination date of May 1, 2029, and stated maturity date of May 4, 2029. The notes pay no interest and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers structured notes that pay a fixed monthly coupon of $7.50 per $1,000 (0.75% monthly; up to 9% per annum) and are linked to the performance of two ETFs: XLP (initial level $81.43) and XLK (initial level $152.02). The notes are automatically called if on any call observation date both ETFs close at or above their initial levels; if not called, the maturity payoff (expected April 24, 2028) depends on the lesser performing ETF, subject to a 65% trigger buffer. The estimated value at pricing is between $925 and $955 per $1,000 face amount. Timing anchors include a trade date expected April 17, 2026 and a determination date expected April 19, 2028. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk.

GS Finance Corp. is offering $3,500,000 aggregate face amount of $10 face amount Trigger Autocallable GEARS linked to the iShares® MSCI Brazil ETF (EWZ), guaranteed by The Goldman Sachs Group, Inc. Trade date is April 15, 2026 and original issue date is April 17, 2026. The securities pay no coupons, have an autocall feature on April 22, 2027 (call payment April 27, 2027) and a determination date on April 16, 2029 with stated maturity April 18, 2029. Key economic terms: initial ETF price $41.46, autocall barrier 100.00% of the initial ETF price, upside gearing 2.00, downside threshold 75.00% of the initial ETF price, call return 20.00%. The estimated model value on the trade date is approximately $9.61 per $10 face amount; original issue price is 100.00% of face amount with an underwriting discount of 2.50%.

The Goldman Sachs Group, Inc. is offering $3,000,000 of Callable Fixed Rate Notes due 2038. The notes pay interest at 5.625% per annum from the original issue date April 20, 2026, with semiannual payments on April 20 and October 20 (first payment October 20, 2026). The issuer may redeem the notes in whole (not in part) on specified quarterly redemption dates on or after April 20, 2028 at 100% of principal plus accrued interest, on at least five business days' prior notice.

The Goldman Sachs Group, Inc. is offering fixed-rate senior notes issued under its Medium-Term Notes, Series N program with a per-note principal amount of $1,000,000 and denominations of $1,000. The notes accrue interest at 5.60% per annum from the original issue date of April 17, 2026 and mature on April 17, 2046. Interest is payable annually on April 17, commencing April 17, 2027, calculated on a 30/360 (ISDA) basis. The original issue price is 100%, underwriting discount 2%, and net proceeds to the issuer 98%. The notes will be issued in book-entry form as a master global note and will not be listed on any exchange.

GS Finance Corp. is offering Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, with an aggregate face amount of $7,694,130. The notes mature April 17, 2031 (determination date April 15, 2031) but will be automatically called on April 22, 2027 if the index closes at or above the autocall barrier.

If not called, a positive final index level above the initial level results in a payout equal to $10 plus the index return times an upside gearing of 1.85. If the final index level is between the initial level and the downside threshold of 75.00% of the initial level, investors receive $10. If the final index level is below the downside threshold, investors suffer a loss proportionate to the index decline and may lose their entire investment. The call return is 18.00%. Payments are unsecured and depend on the creditworthiness of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering fixed‑coupon underlier‑linked notes. Each $1,000 face amount pays a fixed monthly coupon of $8.334 (0.8334% monthly, ~10% per annum) and a cash settlement at maturity tied to the lesser performing of two underliers: the State Street® Industrial Select Sector SPDR® ETF (initial level $170.33) and UPS Class B common stock (initial level $105.06). If the final level of each underlier is at least 60% of its initial level, holders receive $1,000; otherwise the cash payment equals $1,000 plus $1,000 times the lesser performing underlier return. Trade date is expected April 17, 2026; original issue date expected April 22, 2026; determination date expected April 19, 2028. The estimated value at pricing is $925–$955 per $1,000 face amount.