Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering market‑linked, auto‑callable medium‑term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the common stock of NVIDIA Corporation. The securities have a starting price of March 13, 2026 pricing with a starting price of $180.25, a stated maturity of March 16, 2029, and an original offering price of $1,000 per security.

The notes pay a contingent quarterly coupon of $34.25 per $1,000 (equivalent to 13.70% per annum) only if the underlying stock closing price on a calculation day is at or above the coupon threshold (set at 60% of the starting price). The securities are auto‑callable if the stock closing price on a call date is at or above the starting price; if not called, repayment at maturity depends on the ending price relative to the downside threshold (also 60% of the starting price), exposing holders to full downside from the starting price and potential loss of more than 40% of principal.

Estimated value at pricing was approximately $962 per $1,000 face amount; payments remain subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering equity-linked, non‑interest notes guaranteed by The Goldman Sachs Group, Inc. The notes reference an equally weighted basket of six stocks, mature March 16, 2028, and have an automatic call observation date of March 29, 2027. If the basket closing level on the call observation date is at or above the initial level (100), each $1,000 face amount will be redeemed for $1,203.50 on the call payment date. If not called, maturity payoffs depend on the basket return: positive returns receive 125% upside participation; returns between 0% and down to -15% return principal ($1,000); returns below -15% produce reduced principal using a buffer rate ≈117.65%. The original issue price is 100%, underwriting discount 1.5% and net proceeds 98.5%. The estimated value at pricing was approximately $949 per $1,000 face. Payments are subject to the credit risk of GS Finance Corp. and the guarantor.

GS Finance Corp. is offering leveraged S&P 500® Futures Excess Return Index‑Linked Notes due March 25, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays at maturity based on the S&P 500® Futures Excess Return Index performance from the March 20, 2026 trade date to the March 20, 2031 determination date.

Key economic terms set on the trade date include an upside participation rate of 185% and a trigger buffer level equal to 50% of the initial underlier level. If the final underlier is at or above the trigger buffer level but not higher than the initial level, holders receive the face amount; if the final underlier exceeds the initial level, holders receive $1,000 plus the upside participation rate times the underlier return; if the final underlier is below the trigger buffer level, holders suffer proportional losses and could lose their entire investment.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is pricing contingent income callable securities due March 23, 2028. The notes pay a contingent quarterly coupon (set at $38.50 per $1,000 hypothetically) only if each of the S&P 500®, Russell 2000® and EURO STOXX 50® closes at or above 75.00% of its initial index value on every index business day during the applicable quarterly observation period. The issuer may redeem the notes at 100% of principal on coupon dates from June 25, 2026 through December 23, 2027. Estimated initial model value is in the range $925 to $985 per $1,000; underwriting discount is 2.00% and net proceeds to the issuer are 98.00%.

GS Finance Corp. offers structured, autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have an expected trade date of March 20, 2026, an expected original issue date of March 25, 2026 and an expected stated maturity of March 25, 2031. Coupons of $13.334 per $1,000 face amount (1.3334% monthly, roughly ~16% per annum) are paid on a coupon observation date only if the index closing level is at or above 60% of the initial underlier level. The notes will be automatically called on any call observation date (June 2026–February 2031) if the index closing level is greater than or equal to the initial underlier level; a call returns principal plus that period's coupon. The underlier applies daily leverage (up to 500%), a cap on daily leverage change (100%), and a fixed daily decrement equivalent to 6.0% per annum, each of which can materially reduce returns. The dealer-estimated value at pricing is between $885 and $925 per $1,000 face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed medium-term notes linked to the S&P 500® Index that mature on April 1, 2027. Payment at maturity depends on the underlier performance from the initial level set on March 12, 2026 through the determination date. If the final underlier level is greater than or equal to the buffer level (90% of the initial level), each $1,000 face amount pays the capped maximum settlement amount of $1,100. If the final underlier level is below the buffer level, the notes decline by approximately 1.1111% of face amount for every 1% decline below the buffer, potentially resulting in loss of the entire investment. The notes pay no interest, carry the issuer and guarantor credit risk of Goldman Sachs, and were initially issued at 100% of face amount with a 1% underwriting discount (net proceeds 99%). Pricing supplement dated March 13, 2026.

GS Finance Corp. offers $12,676,360 aggregate face amount of Buffer Autocallable GEARS linked to the S&P 500® Index due March 15, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes feature an autocall on March 22, 2027 (call payment March 25, 2027), an upside gearing of 1.901, a 10.00% buffer (downside threshold 90.00% of initial level), and a call return of 8.00%. The securities are unsecured, non-interest bearing, may be automatically called, and payments depend on the issuer and guarantor creditworthiness.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Index-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the S&P 500 Index with a 150% upside participation rate, a 10% buffer (buffer level 90%) and a capped cash payout (maximum settlement amount) of $1,212.70 per $1,000 face amount. The trade date is March 19, 2026, the original issue date is March 24, 2026, the determination date is September 20, 2027 and the stated maturity date is September 23, 2027. If the final underlier level is at or above the buffer level but not above the cap, holders receive principal; above certain upside thresholds holders receive leveraged upside subject to the cap; below the buffer holders suffer pro rata principal loss.

GS Finance Corp. offers autocallable contingent-coupon equity-linked notes due March 22, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of JPMorgan Chase & Co. and pay a contingent quarterly coupon of $23.75 per $1,000 (up to 9.50% annually) when the underlier is at or above 70% of its initial level on observation dates.

The notes feature an automatic call if the underlier is at or above the initial level on any call observation date, principal protection only if the final underlier level is at or above a 70% trigger buffer, and potential full loss of principal if the final underlier level is below the trigger buffer. Trade date is March 18, 2026 and original issue date is March 23, 2026.