Goldman Sachs Group Inc SEC Filings

GS Finance Corp. prices structured, autocallable notes linked to the Russell 2000®, S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have a stated maturity of May 5, 2031, an aggregate original face amount of $500,000 on the original issue date and a monthly coupon of $8.542 per $1,000 face amount when each underlier is at least 70% of its initial level on a coupon observation date. The notes are automatically called if, on any call observation date commencing July 2026 through March 2031, the closing level of each underlier is greater than or equal to its initial level set on April 30, 2026. At maturity (if not called), the cash settlement is based on the lesser performing underlier: full principal if each underlier is >= 65% of its initial level, no coupon if any underlier is between 65% and 70% of initial, and a pro rata loss (less than 65% of face) if any underlier is 65% of initial. The estimated value on the trade date was approximately $991 per $1,000 face amount; original issue price is 100% with an underwriting discount of 0.7% and net proceeds to issuer of 99.3%. These are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

The Goldman Sachs Group, Inc. is offering fixed and floating rate medium-term notes that mature on May 8, 2028.

The notes pay a fixed rate of 4.30% per annum during the fixed-rate period through November 8, 2026, then pay compounded SOFR plus a spread of 0.80% (floored at 0.00%) during the floating-rate period, with interest payable quarterly. Denominations are $1,000 and integral multiples. The trade date is expected to be May 6, 2026 and original issue date May 8, 2026. The notes are unsecured obligations of the issuer, not FDIC insured, will not be listed, have no redemption feature, and the calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. is offering index-linked notes due May 9, 2029, guaranteed by The Goldman Sachs Group, Inc. Payment at maturity for each $1,000 face amount depends on the lesser performing of the Russell 2000® and the S&P 500® from the trade date May 4, 2026 to the determination date May 4, 2029. The notes pay no interest; the upside participation rate is 109.75%. A protection buffer of 18% applies: losses occur only if the lesser performing underlier falls below 82% of its initial level. The estimated value on the trade date was approximately $978 per $1,000 face amount and the original issue price was 100%.

GS Finance Corp. is offering Market Linked Notes—Upside Participation to a Cap and Principal Return at Maturity linked to the Dow Jones Industrial Average® with a face amount of $1,000 per note. The notes pay 100.00% upside participation in any increase of the underlier from the starting level to the ending level, subject to a maximum return of at least 15.60% (resulting in a maximum maturity payment of at least $1,156.00 per note), and repay the face amount at maturity if the ending level is less than or equal to the starting level, subject to issuer and guarantor credit risk. The stated maturity date is March 5, 2029 (calculation day February 28, 2029); the pricing date is May 28, 2026 and the original issue date is June 2, 2026. The original offering price is $1,000 per note, while the estimated value at pricing is expected to be between $925 and $955 per $1,000 face amount. The underwriting discount is up to 3.075% (up to $30.75 per $1,000), leaving proceeds to issuer shown as $969.25 per note. All payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., there are no periodic interest payments, and the notes are designed to be held to maturity.

GS Finance Corp. is offering structured, non‑interest bearing medium‑term notes guaranteed by The Goldman Sachs Group, Inc. The notes return is linked to an unequally weighted basket of 13 stocks measured from the trade date (expected May 14, 2026) to the determination date (expected May 15, 2028) and matures on the stated maturity date (expected May 18, 2028). The notes provide a 125% upside participation rate subject to a cap level of at least 132% (a maximum settlement amount of at least $1,400 per $1,000 face amount). A buffer level at 90% protects losses up to 10%; if the final basket level falls below the buffer, holders can suffer material principal loss, potentially losing a substantial portion of invested capital. The estimated value at term‑setting is between $925 and $955 per $1,000 face amount, and the underwriting discount is 1.75%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) offers structured, non‑interest bearing notes linked to the S&P 500® Futures Excess Return Index. The notes pay at maturity based on the underlier return from May 1, 2026 to May 1, 2031, with a 220% upside participation rate, a 75% trigger buffer level (25% buffer amount) and a stated maturity of May 6, 2031. For each $1,000 face amount, investors receive $1,000 plus upside participation if the final underlier level is above the initial level, the face amount if the final level is between the trigger buffer level and the initial level, or a prorated cash payment equal to $1,000 times the underlier return if the final level is below the trigger buffer level, which could result in a total loss of principal.

GS Finance Corp. is offering callable, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an expected trade date of May 15, 2026, an expected original issue date of May 20, 2026 and an expected stated maturity date of May 22, 2031. The notes may be automatically called on scheduled call observation dates beginning in February 2027 if the index closing level on a call observation date is ≥85% of the initial level; call premiums vary by call date (first call premium 13.725%). At maturity the maximum settlement amount is $1,915 per $1,000 face amount. The index applies up to 500% leverage, is subject to a daily 6.0% per annum decrement, and may be significantly uninvested on some days. The estimated value at pricing is $885–$925 per $1,000 face amount, which is lower than the original issue price.

The issuer, GS Finance Corp., is offering autocallable buffered Russell 2000® Index‑linked notes due May 8, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount of $22,325,000 on original issue, a trade date of May 4, 2026 and an original issue date of May 7, 2026. The notes pay no interest, may be automatically called beginning May 11, 2027 if the Russell 2000 closing level on a call observation date is ≥90% of the initial level (initial level 2,795.997), and mature on May 8, 2031 if not called. If called, each $1,000 face amount pays $1,000 plus the applicable call premium (call premiums range up to 47.025% in the schedule). If not called, the maximum cash payment at maturity is $1,495 per $1,000; a buffer protects declines down to 85% of the initial level, and below that investors suffer a leveraged loss (buffer rate ≈ 117.65%). The estimated value on the trade date was approx. $990 per $1,000 face amount. Credit risk is that of the issuer and guarantor.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., proposes structured medium-term notes linked to the Class C capital stock of Alphabet Inc., and the common stocks of NVIDIA, Amazon.com and Bank of America. The notes mature on the stated maturity date expected to be May 20, 2031 unless automatically called.

The notes pay a monthly coupon per $1,000 face amount equal to $7.084 (maximum) if each index stock on a coupon observation date is ≥ 80% of its initial price, or $0.209 (minimum) if any index stock is below that trigger. Trade date is expected to be May 13, 2026 and original issue date is expected to be May 18, 2026. The estimated value at pricing is between $885 and $925 per $1,000 face amount.