GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. is offering callable structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (SPAR4V6). Coupons are monthly and paid only if the index closes at or above 60% of the initial level on observation dates. Notes may be automatically called beginning December 2026; maturity is expected July 2, 2031. The index applies volatility-targeting, up to 500% leverage, a 6% per annum daily decrement, and may be significantly uninvested on some days. The estimated value at pricing is $885–$935 per $1,000 face amount; payment at maturity depends on final index performance and issuer credit.

The offered notes are medium-term, structured, cash-settled notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $7,958,000. They pay a contingent monthly coupon of $8.334 per $1,000 (0.8334% monthly, potential up to approximately 10.00% per annum) when each underlier meets an 80% coupon trigger level on observation dates.

Payments at maturity (if not automatically called) depend on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500). A final underlier level below the 70% trigger buffer can cause substantial principal loss, including the loss of the entire investment. The notes are subject to issuer and guarantor credit risk, an underwriting discount of 2.025%, limited secondary-market liquidity, and tax and withholding considerations.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return a cash settlement at maturity tied to the S&P 500 performance measured from the trade date (June 30, 2026) to the determination date (June 30, 2028), with a 20% buffer (buffer level = 80%) and a capped upside of at least $1,187.50 per $1,000 face amount. If the final index level is down but within the buffer, holders receive the absolute decline as a positive return; if the decline exceeds the buffer, losses accrue dollar-for-dollar below the buffer. The notes are unsecured senior debt under a medium-term note program, payable in cash at stated maturity (July 6, 2028), and are subject to issuer and guarantor credit risk, model-based pricing that may exceed estimated value, uncertain U.S. federal tax treatment, and limited liquidity (no exchange listing).

GS Finance Corp. is offering medium-term structured notes linked to Class A common stock of Alphabet Inc. (GOOGL). The pricing supplement shows an aggregate face amount of $523,000 and notes issued in $1,000 face-amount increments at an original issue price equal to 100% of face amount.

The notes mature on May 31, 2030 and are subject to quarterly automatic calls if the closing level of the underlier on a call observation date is greater than or equal to the initial underlier level. Call payments are capped by scheduled call premium amounts. If not called, the cash settlement at maturity depends on the final underlier level versus an 80% buffer level; downside outcomes can cause substantial losses (example: a 20% final level implies a 60% loss on face amount). The notes bear no interest and are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. offers contingent quarterly-coupon, auto-callable notes linked to Palantir Technologies Inc. (PLTR). Each note has a $1,000 face amount; coupon eligibility on each coupon observation date requires the underlier closing level >= 50% of the initial level ($143.34). If not called, at maturity the cash settlement per $1,000 face amount is $1,000 if the final underlier level is >= 50% of the initial level; otherwise the payment equals $1,000 plus $1,000 × the underlier return, which can result in a total loss of principal.

The notes pay a contingent quarterly coupon of $42 per $1,000 (4.2% quarterly, up to 16.8% per annum) when observation-date conditions are met, are automatically called if the underlier closes >= the initial level on any call observation date, and are unsecured senior obligations guaranteed by The Goldman Sachs Group, Inc. The offering price is 100% with a 2% underwriting discount (net proceeds 98%).

GS Finance Corp. priced medium-term notes, Series F — equity index-linked, auto-callable securities tied to the S&P 500® Index, with a $1,000 face amount per security. The pricing date was May 28, 2026 and the original issue date is June 2, 2026. The securities pay no interest, carry 100% upside participation and a 10% buffer (threshold = 90% of the starting level). If automatically called on the call date, holders receive face amount plus a 9.00% call premium ($90 per security). If not called, maturity payment depends on the ending level on the calculation day (May 29, 2029). The estimated value at pricing was approximately $964 per $1,000 face amount; original offering price was $1,000, with underwriting discount $25.75 and proceeds to issuer $974.25 per security.

GS Finance Corp. priced Trigger PLUS linked to the S&P 500® Index for a stated aggregate principal amount of $26,185,000. The notes mature on June 3, 2032 with a valuation date of May 28, 2032.

Holders receive for each $1,000 principal: if the final index value is greater than the initial index value (7,563.63), a leveraged upside payment equal to 102.00% × index percent increase plus principal; if the final index value is between the initial index value and the trigger level (5,672.7225 = 75.00% of the initial), principal only; if below the trigger level, payment equals $1,000 × (final index value / initial index value), exposing holders to up to a total loss. The estimated value on pricing was approximately $961 per note; original issue price was 100.00% with an underwriting discount of 3.50%.

GS Finance Corp. priced auto-callable, EURO STOXX 50®-linked medium-term notes. The securities have a $1,000 face amount, were priced on May 28, 2026, and have an estimated value of $955 per $1,000 face amount at pricing. They pay no interest, are subject to credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and may be automatically called on the call date for a 11.00% call premium. If not called, maturity payoff gives 150.00% upside participation above the starting level but provides a 15% buffer on downside; losses of up to 85% of face amount are possible at maturity.

GS Finance Corp. priced principal-protected, non-interest bearing notes linked to the S&P 500 Index with an aggregate face amount of $2,444,000. The notes pay $1,100 per $1,000 if automatically called on the call observation date; otherwise maturity pays either $1,000 + $1,000 × 110% × underlier return if the final level is above the initial level, or $1,000 if the final level is equal to or below the initial level. The notes do not pay interest, are fully guaranteed by The Goldman Sachs Group, Inc., and reflect an original issue price of 100% with an underwriting discount of 2.25% (net proceeds 97.75%). The trade date is May 28, 2026, original issue date is June 2, 2026, call observation date is May 30, 2028, call payment date is June 6, 2028, determination date is May 29, 2029, and stated maturity is June 5, 2029.