Goldman Sachs Group Inc SEC Filings

GS Finance Corp. offers Buffer Autocallable GEARS linked to the S&P 500®, guaranteed by The Goldman Sachs Group, Inc. The notes have a trade date expected May 13, 2026, original issue date May 15, 2026, a call observation date expected on May 20, 2027, and a stated maturity date expected on May 15, 2029. Payments depend on the S&P 500® closing levels on the call observation and determination dates; the notes include a 10.00% buffer up to a 90.00% downside threshold, an upside gearing expected between 1.3235 and 1.5235, and a 9.00% call return if automatically called. Investors may lose a substantial portion of principal (up to 90.00%) and take credit risk on GS Finance Corp. and The Goldman Sachs Group, Inc.

The pricing supplement offers Buffered S&P 500® Index-Linked Notes due 2031 issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays a cash amount at maturity tied to the S&P 500® performance from the trade date to the determination date, subject to a 20% buffer (buffer level 80%) and a capped maximum settlement amount of $3,050. The trade date is May 13, 2026 with an original issue date of May 18, 2026, determination date May 13, 2031, and stated maturity May 16, 2031. If the final underlier level is above the initial level, holders participate up to the cap; if the final level is >=80% of the initial level, principal is returned; if below 80%, losses occur proportional to the decline after the buffer. Notes pay no interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. is offering autocallable index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and an upside participation rate of 100%. The notes pay no interest and may be automatically called.

If each underlier is at or above its initial level on the call observation date (May 6, 2027), the notes will be called and pay $1,107.50 per $1,000 on the call payment date. If not called, the cash settlement at maturity (determination date May 6, 2031; stated maturity May 9, 2031) depends solely on the lesser performing underlier, with principal returned if that underlier’s return is zero or negative.

The issuer, GS Finance Corp., is offering S&P 500® index-linked notes due 2029, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000, does not bear interest, and will pay at maturity either the face amount or a cash payment tied to the S&P 500 return, capped at a maximum settlement amount of $1,195 per $1,000 face amount. Key dates set in the terms include a trade date of May 26, 2026, an original issue date of May 29, 2026, a determination date of February 26, 2029, and a stated maturity date of March 1, 2029. The notes are subject to issuer and guarantor credit risk, limited upside because of the cap, no interest payments, and tax rules that treat the notes as contingent payment debt instruments.

GS Finance Corp. is offering leveraged callable notes linked to the S&P 500® Futures Excess Return Index, guaranteed by The Goldman Sachs Group, Inc. The notes have a face amount per note of $1,000, an upside participation rate of 150%, an expected trade date of May 26, 2026, original issue date expected May 29, 2026 and an expected stated maturity of May 29, 2031. The issuer may redeem the notes on monthly call payment dates beginning June 1, 2027 through April 29, 2031 for the face amount plus a specified call premium (first call premium at least 12%). The estimated model value at pricing is between $885 and $935 per $1,000 face amount; the notes do not pay interest and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers callable principal‑at‑risk notes linked to the VanEck Gold Miners ETF (ticker GDX). The notes (CUSIP 40059DNK9) pay a monthly coupon of $10.542 per $1,000 (1.0542% monthly, ~12.65% p.a.) if the ETF closing level on a coupon observation date is at or above 65% of the initial level. The notes are expected to trade on May 13, 2026 (trade date), have an original issue date expected May 18, 2026, and a stated maturity expected November 18, 2027. They will be automatically called on a call payment date if the ETF closing level on any call observation date is greater than or equal to the initial level, in which case holders receive the face amount plus any coupon then due. At maturity (if not called), repayment depends on the ETF return: if final ETF level is ≥65% of initial, holders receive $1,000 plus final coupon; if final ETF level is <65% of initial, holders receive $1,000 plus $1,000 × ETF return, which can result in a substantial loss, including loss of most or all principal. The estimated value at pricing is expected between $925 and $955 per $1,000 face amount. Payments are subject to issuer and guarantor credit risk, tax uncertainties (including Section 1260 and FATCA considerations), market‑disruption and calculation‑agent discretion. Please read the pricing supplement for full terms and risks.

GS Finance Corp. is selling index-linked notes tied to the lesser performing of the Russell 2000® and S&P 500® indices. Each note has a $1,000 face amount, an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026 and an expected stated maturity of June 1, 2029. The notes pay no interest; the payoff at maturity uses the lesser performing index return, an upside participation rate of at least 105%, and a 15% buffer (buffer level = 85% of initial level). Estimated value at pricing is $925–$965 per $1,000 face. Holders are exposed to issuer and guarantor credit risk and may lose a substantial portion of principal if the lesser performing index falls below its buffer level.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index-linked notes due May 30, 2031, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity either the face amount or $1,000 plus the upside participation rate times the underlier return. The underlier is the S&P 500® Futures Excess Return Index (E-mini S&P 500 futures exposure). The upside participation rate is set at at least 121%. Notes pay no interest and are cash-settled; final payment depends on the closing underlier level on the determination date May 27, 2031. These notes are subject to issuer and guarantor credit risk, model/pricing discounts at issuance, negative roll yields for futures, market-disruption provisions, limited secondary-market liquidity, and complex U.S. tax rules treating the notes as contingent-payment debt instruments.

GS Finance Corp. is offering index-linked notes due May 18, 2028 guaranteed by The Goldman Sachs Group, Inc. The cash payoff at maturity is based on the lesser performing of the Russell 2000® and the S&P 500® from the trade date to the determination date, with a cap at $1,197.50 per $1,000 and a minimum settlement amount of $950. The estimated initial model value is $925–$955 per $1,000 face amount; notes pay no periodic interest and are subject to issuer and guarantor credit risk.