GOLDMAN SACHS GROUP INC SEC Filings

The offered notes are medium‑term notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Goldman Sachs Momentum Builder Focus ER Index (Bloomberg: GSMBFC5 Index). Aggregate face amount offered: $332,000. The notes mature on June 3, 2033 (determination date May 31, 2033) and include an annual automatic call feature beginning June 2027 with increasing call levels and call premiums. The upside participation rate is 100%; if the notes are not called, pay‑off at maturity equals $1,000 plus $1,000×(index return) if the final index level exceeds the initial index level, otherwise $1,000. The initial index level is 114.14. GS&Co. estimated the notes' value on the trade date at $941 per $1,000 face and disclosed an additional amount of $58.247 that declines to zero on June 3, 2027. The index methodology includes daily rebalancing, a 5% volatility control, momentum risk adjustments and a 0.65% per annum deduction that can materially reduce index returns.

GS Finance Corp. is offering index-linked notes due June 2, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is based on the lesser performing of the S&P 500® and Russell 2000® returns measured from the trade date May 29, 2026 to the determination date May 30, 2028. The notes pay no interest and provide an upside participation rate of 110% if both underliers are flat or positive. A trigger buffer of 75% (a -25% return) creates a discontinuity: if the lesser performing index finishes below 75% of its initial level, losses apply pari passu to principal. The estimated model value on the trade date was approximately $983 per $1,000 face amount; the original issue price is 100% with an underwriting discount of 0.8%. Investors bear issuer and guarantor credit risk and may lose a substantial portion or all of their investment.

GS Finance Corp. prices $28,091,000 of Auto-Callable Trigger PLUS notes guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500® Index, pay $1,100 per $1,000 if automatically called, and mature June 5, 2028 if not called.

At maturity the payout is: (i) principal plus a 125.00% leveraged upside if the final index value is above the initial index value; (ii) $1,000 if the final index value is between the initial index value and the 80.00% downside threshold; or (iii) a pro rata principal payment if the final index value is below the downside threshold, exposing investors to possible substantial loss including total loss.

GS Finance Corp. priced principal-at-risk, autocallable notes linked to the S&P 500® and EURO STOXX 50® underliers. The notes have an aggregate face amount of $500,000, an original issue price of 100% of face and are fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on quarterly observation dates if each underlier closes at or above its initial level, in which case holders receive the face amount plus a call premium specified for that call date. If not called, the maturity cash payment depends solely on the lesser performing underlier: holders receive the face amount if the lesser performing underlier is at or above its buffer level (85% of initial), a capped upside of 52.00% at maturity if the lesser performing underlier is at or above its initial level, or a reduced payment that can result in substantial loss up to the entire investment if the lesser performing underlier falls below the buffer level. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 29, 2031 and stated maturity June 3, 2031. The notes are subject to issuer and guarantor credit risk, limited secondary market liquidity, pricing model discounts versus issue price, FATCA and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering $1,157,000 aggregate face amount of leveraged, callable notes due June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity either the face amount or, if the S&P 500® Futures Excess Return Index final level exceeds the initial level (609.62), an amount equal to $1,000 plus 2× the index return per $1,000 face amount. The issuer may redeem the notes on specified monthly call payment dates beginning June 2027; each call payment date has a prescribed call premium (listed in the supplement). The trade date is May 29, 2026, original issue date June 3, 2026, and the estimated value on the trade date was approximately $971 per $1,000 face amount.

GS Finance Corp. is offering callable equity-linked notes (aggregate face amount $514,000) due July 2, 2027 that pay a fixed monthly coupon and whose principal at maturity is linked to the Class A common stock of Meta Platforms, Inc. The notes have a $1,000 face amount denomination, a monthly coupon of $10.209 (1.0209% monthly, up to approximately 12.25% per annum), trade date May 29, 2026, original issue date June 3, 2026, and determination date June 29, 2027. The initial index stock price is $632.51 and the trigger buffer price is 68% of that price (a −32% buffer). Notes are automatically called on a call payment date if the closing price on any call observation date is greater than or equal to the initial index stock price; otherwise maturity payment depends on the index stock return and may result in receiving less than the face amount if the final index stock price is below the trigger buffer. The estimated value at pricing was approximately $986 per $1,000 of face amount. The notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering callable notes linked to the VanEck Semiconductor ETF (SMH) that mature on March 5, 2029 unless redeemed. The notes pay a quarterly coupon of $38.75 per $1,000 face amount when the ETF closing level on observation dates is at least 80% of the initial level of $598.93. If not redeemed and the final ETF level is below 80% of the initial level, principal is reduced pro rata below par according to the disclosed buffer mechanism. The offering lists an aggregate original face amount of $315,000 (subject to increase), an original issue price of 100%, an underwriting discount of 1%, and an estimated value at pricing of approximately $956 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly‑coupon structured notes linked to the Dow Jones Industrial Average®, Nasdaq‑100® and Russell 2000® with an aggregate face amount of $14,129,000. The notes pay a contingent monthly coupon of $10.209 per $1,000 (1.0209% monthly, up to approximately 12.25% per annum) only if each underlier on the coupon observation date is at least 70% of its initial level. The notes may be automatically called on any call observation date if each underlier is at or above its initial level, in which case holders receive $1,000 plus any coupon then due. If not called, the cash settlement at maturity (stated maturity June 3, 2031) is based solely on the lesser performing underlier; if that underlier is below its trigger buffer level (55%) the investor may lose a substantial portion or all of principal. Pricing shows underwriting discount of 0.4212% and net proceeds of 99.5788% of face amount.

GS Finance Corp. priced and issued structured notes linked to the common stock of Western Alliance Bancorporation with an aggregate face amount of $2,461,000. The notes reference an initial index stock price of $79.65 and a trigger buffer price equal to 70% of that price. The notes mature on December 2, 2027 unless automatically called on observation dates beginning in November 2026 through August 2027. Coupons may be paid quarterly using a formula that yields $41.375 per $1,000 per qualifying observation (4.1375% quarterly, up to 16.55% per annum), but a coupon is payable only if the index stock closing price on the relevant observation date is at least 70% of the initial index stock price. If the final index stock return is below -30% (final price below 70% of the initial price), the maturity payment is reduced pro rata based on the index stock return. The estimated value at terms was approximately $975 per $1,000 face amount.