GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. offers $475,000 aggregate face amount of indexed, non‑interest bearing notes guaranteed by The Goldman Sachs Group, Inc., with cash settlement at maturity linked to the S&P 500® Futures Excess Return Index. The notes pay on each $1,000 face amount either (a) $1,000 plus 208.4% times the underlier return if the final level is above the initial level, (b) $1,000 if the final level is equal to or down to 90% of the initial level (the buffer), or (c) a reduced cash amount if the final level is below the buffer such that losses equal 1% of face for each 1% decline beyond the 10% buffer. Trade date is May 21, 2026, original issue date is May 27, 2026, determination date is May 21, 2031, and stated maturity is May 27, 2031 ("subject to adjustment as described in the accompanying general terms supplement"). The notes do not bear interest, are cash‑settled, and their estimated value on the trade date was lower than the original issue price per GS&Co.'s pricing models; market liquidity and the issuer/guarantor credit risk may materially affect secondary market value.

GS Finance Corp. is offering leveraged, callable notes linked to the Dow Jones Industrial Average® due expected June 3, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount denomination and pays at maturity either the face amount or, if the final index level exceeds the initial level, $1,000 plus at least 1.03 times the index return. The issuer may redeem the notes on specified quarterly call payment dates beginning in June 2027 through March 2031 at specified call premium amounts. The expected trade date is May 29, 2026. The pricing supplement states an estimated value on the trade date of $885–$915 per $1,000 face amount and an original issue price of 100% with an underwriting discount of 2.5% (net proceeds to issuer: 97.5%).

GS Finance Corp. is offering non‑interest bearing, principal‑protected‑style notes linked to an equally weighted basket of nine stocks. The notes have an initial basket level of 100, an upside participation rate of 125% and a 20% buffer (buffer level = 80). The notes are expected to be callable on the call observation date of June 11, 2027 (automatic call pays at least $1,202 per $1,000 face) and mature on the stated maturity date of June 2, 2028. The basket comprises nine named common stocks including Alphabet, Amazon, Microsoft, Meta, NVIDIA and others. Estimated value at pricing is expected between $900 and $930 per $1,000 face; issue price is 100% of face. Payments depend on basket levels on the call observation date or the determination date; holders bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable buffered notes linked to the iShares® Semiconductor ETF (SOXX) due May 25, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on May 28, 2027 and, if called, pay $1,240 per $1,000 face amount on the call payment date. If not called, maturity payout depends on the ETF performance from an initial level of $524.71 (trade date May 21, 2026); upside participation is 125% and a 15% buffer applies such that declines up to 15% return the face amount, while larger declines reduce principal. Aggregate original face amount was $1,431,000. The notes carry issuer and guarantor credit risk, an estimated initial model value of approximately $965 per $1,000 face amount, and an underwriting discount of 1.75%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent monthly coupon, auto-callable notes linked to the common stock of NVIDIA Corporation. The offering aggregates $3,522,000 of face amount with a $1,000 face amount per note and an initial underlier level of $219.51. Coupons of $10.209 per $1,000 (1.0209% monthly; potential ~12.25% annually) are payable on each coupon payment date only if the underlier closes at or above 60% of the initial level on the related observation date. Notes are automatically called if the underlier closes at or above the initial level on any call observation date. If not called, maturity settlement depends on the final underlier level: investors receive $1,000 if the final level is at or above the trigger buffer (60%); otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, which can result in a total loss of principal. Trade date is May 21, 2026, original issue date May 27, 2026, and stated maturity June 24, 2027. The original issue price is 100% with an underwriting discount of 2.15% and net proceeds of 97.85% of face amount.

GS Finance Corp. is offering cash‑settled, Snowflake‑linked notes guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note pays no interest and returns either a capped $1,420 at maturity if the final Snowflake level is >= a 70% trigger buffer, or a proportional loss if the final level is below the trigger buffer; losses can equal the entire principal. The notes trade on May 21, 2026 with original issue date May 27, 2026, determination date June 21, 2027 and stated maturity June 24, 2027.

GS Finance Corp. offers principal-protected-like indexed notes linked to NVIDIA Corporation common stock with an automatic call feature. The notes have a $1,000 face amount per note, an expected trade date of May 29, 2026, an expected original issue date of June 3, 2026, an expected call observation date of June 11, 2027 and an expected stated maturity date of June 2, 2028. If the closing price of NVIDIA on the call observation date is >= the initial index stock price, the notes will be automatically called and pay at least $1,239 per $1,000 face amount. If not called, the cash settlement at maturity is determined by the index stock return measured from the initial index stock price to the final index stock price on the determination date, with a 80% buffer level (buffer rate 125%) and a threshold settlement amount of $1,478. The estimated value at issuance is stated as between $900 and $930 per $1,000 face amount. Payments depend on the issuer and guarantor creditworthiness and on certain calculation agent determinations.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no periodic interest and the cash payment at maturity per $1,000 face amount depends on the S&P 500® Index performance measured from the trade date to the determination date. If the final level is at or above the initial level, holders receive $1,000 plus the underlier return up to a maximum upside settlement amount of $1,173.50. If the final level falls but not by more than the 10% buffer (buffer level = 90% of the initial level), holders receive $1,000 plus the absolute underlier return. If the final level declines by more than the buffer, holders suffer downside exposure and may lose a substantial portion of principal. Trade date is May 29, 2026, original issue date is June 3, 2026, determination date is August 30, 2027, and stated maturity is September 2, 2027. The notes are subject to issuer and guarantor credit risk, limited upside, uncertain tax treatment, potential low liquidity, and fees/discounts that make the original issue price exceed estimated model value.

GS Finance Corp. offers $ Callable Contingent Coupon Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $7.50 per $1,000 (0.75% monthly; up to 9.00% annual) only if each underlier closes at or above 70% of its initial level on the applicable observation date. The cash payoff at maturity, if not redeemed, is based on the lesser performing underlier (Nasdaq-100 and S&P 500) and may return anywhere from 0% to 100% of principal depending on that underliers final level. The issuer may redeem the notes on coupon payment dates beginning February 2027. The notes are subject to issuer and guarantor credit risk, limited secondary-market liquidity, model valuation differences versus issue price, and tax uncertainties described in the supplement.