GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. priced Russell 2000®-linked, principal-protected notes due May 23, 2030, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either the face amount or, if the Russell 2000 final level exceeds the initial level, the face amount plus the underlier return subject to a $1,457.50 maximum settlement amount. The notes pay no interest, are treated as contingent payment debt instruments for U.S. tax purposes, and are exposed to issuer/guarantor credit risk, limited secondary-market liquidity, and tax withholding rules described in the supplement.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to four individual stocks with a stated maturity of May 29, 2029. Payments depend on monthly observation-date stock closes versus initial prices set on the trade date (May 19, 2026). Coupons may be paid only when every index stock closes at or above 70% of its initial price on an observation date; otherwise the coupon for that period is $0. The final cash settlement is determined by the lesser performing index stock versus its initial price and includes a 60% trigger buffer (below which principal is exposed) and a 40% hard downside that can cause large principal losses. The estimated value at pricing was approximately $931 per $1,000 face amount; original issue price is 100% with an underwriting discount of 3.3%.

The issuer, GS Finance Corp., is offering Vanguard Value ETF-linked notes due May 24, 2029 with payments tied to the Vanguard Value ETF (ticker VTV) performance from the trade date May 19, 2026 to the determination date May 21, 2029. For each $1,000 face amount, investors receive $1,000 if the ETF return is zero or negative; if the ETF return is positive the investor receives $1,000 plus the ETF return up to a maximum settlement amount of $1,240.5. Key terms include an initial underlier level of $207.08, an upside participation rate of 100%, and a cap at 124.05% of the initial level. The estimated value on the trade date is approximately $975 per $1,000 face amount; the original issue price is 100% with a 1% underwriting discount. 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. is offering principal-at-risk notes linked to a weighted basket of three equity indices with a stated maturity of May 22, 2031 and an automatic call feature on the call observation date of May 26, 2027.

Each note has a face amount of $1,000 and pays no interest. If the basket is at or above the initial level on the call observation date, each $1,000 note will be redeemed at $1,160 on the call payment date. At final maturity the cash settlement depends on the basket return: positive returns receive 200% participation, returns between 0% and -30% return principal, and declines below -30% produce pro rata losses (the trigger buffer is 70% of the initial basket level). The estimated value on the trade date was approximately $971 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering autocallable contingent coupon equity-linked notes due May 24, 2029 linked to the Class A common stock of CoreWeave, Inc. The notes pay a contingent quarterly coupon of $80 per $1,000 (8% quarterly, up to 32.00% per annum) when the underlier meets the coupon trigger (50% of the initial level). The notes are automatically called if the underlier closes at or above the initial level on any call observation date; maturity settlement is cash and depends on the final underlier level, with potential loss of principal if the final level is below the 50% trigger buffer. Trade date is May 21, 2026 and original issue date is May 27, 2026. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on May 22, 2031 unless automatically called on quarterly call observation dates beginning in May 2029. The initial underlier level is 498.27 (trade date May 19, 2026); a monthly coupon of $11.667 per $1,000 is payable only when the index closing level on a coupon observation date is >= 60% of that initial level. The index applies leverage (up to 500%), a cap on daily leverage change (100%), and a fixed daily decrement of 6.0% per annum, which reduces index levels over time. The pricing supplement states an estimated value of approximately $952 per $1,000 face amount on the trade date. The notes are unsecured obligations of GS Finance Corp. and are subject to issuer and guarantor credit risk.

GS Finance Corp. priced an offering of Principal at Risk structured notes guaranteed by The Goldman Sachs Group, Inc. for an aggregate stated principal amount of $4,488,000 linked to an equally weighted 10-stock basket. The securities pay $1,225 per $1,000 if automatically called on the call observation date and otherwise provide a leveraged upside (leverage factor 125.00%) above the initial basket value or limited positive returns for moderate declines down to a downside threshold of 80.00%, but investors are exposed to full downside below that threshold. Key dates include a pricing date of May 15, 2026, an original issue date of May 20, 2026, a call observation date of May 24, 2027, and a stated maturity date of June 5, 2028. The estimated model value at pricing was approximately $922 per $1,000; the offering price equals stated principal amount. The securities do not pay interest and are unsecured obligations subject to issuer and guarantor credit risk.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8 per $1,000 (0.8% monthly, up to 9.6% annually) if each underlier meets its coupon trigger level on observation dates. The notes are automatically called if each underlier equals or exceeds its initial level on any call observation date. At maturity, if not called, cash settlement per $1,000 depends solely on the lesser performing underlier: if that underlier is below its trigger buffer level (50% of initial), investors can lose principal; if at or above the buffer, repayment may be full. Initial underlier levels are listed as of May 20, 2026. Trade date is May 22, 2026 and stated maturity is May 24, 2029.

GS Finance Corp. is offering principal-protected structured notes (face amount per note $1,000) linked to the VanEck Gold Miners ETF (GDX) and the iShares® Silver Trust (SLV). The notes mature expected June 5, 2029 but include automatic call features beginning with a call observation date on May 27, 2027. If, on a call observation date, the closing level of each ETF is greater than or equal to its initial level, the notes will be automatically redeemed and pay the face amount plus a call premium (the supplement shows 8.1% for the first call, 16.2% for the second). At maturity (if not called), holders receive $1,000 plus the lesser performing ETF return multiplied by a 100% upside participation rate, but receive only the face amount if either ETF’s final level is equal to or below its initial level. The pricing supplement discloses an estimated value on the trade date of $925–$955 per $1,000 face amount, and emphasizes credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.