Goldman Sachs Group Inc SEC Filings

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 26, 2036 that pay interest at 5.50% per annum from and including the original issue date (expected May 26, 2026) to but excluding maturity. Interest is payable semiannually each May 26 and November 26, with the first payment expected on November 26, 2026.

The notes are callable at the issuer's option in whole (not in part) on each redemption date (expected each Feb 26, May 26, Aug 26 and Nov 26 on or after May 26, 2027) at 100% of principal plus accrued interest, with at least five business days' prior notice. The offering will settle and be delivered in New York on May 26, 2026. The notes will be issued in book-entry form through DTC and are subject to FATCA withholding rules.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and will pay at maturity either a capped positive cash settlement of $1,420 (if the final underlier level is ≥ the 70% trigger buffer level) or a downside cash payment that declines one-for-one with the underlier below the initial level, potentially resulting in loss of principal. The underlier is Snowflake Inc. common stock; trade date and issue dates are May 21, 2026 and May 27, 2026, with a determination date of June 21, 2027 and stated maturity June 24, 2027. The notes pay no interest and are subject to issuer and guarantor credit risk, underwriting discounts/structuring fees, limited liquidity, tax uncertainty, and anti-dilution adjustments described in the general terms supplement.

GS Finance Corp. is offering callable, non‑interest bearing structured notes linked to an equally weighted basket of six stocks. The notes have an initial basket level of 100, an upside participation rate of 125%, a buffer level of 85% and a buffer rate of approximately 117.65%. The notes are expected to trade on May 15, 2026, may be automatically called on May 28, 2027 for at least $1,201.50 per $1,000 face amount, and have a stated maturity expected to be May 18, 2028. The estimated value at pricing is expected to be between $900 and $930 per $1,000. Payments at maturity depend on the basket return as calculated on the determination date; holders bear credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers structured notes with an aggregate face amount of $1,398,000 linked to the Russell 2000® Index. The notes pay no interest and return a cash settlement at maturity based on the underlier return, with a 110% upside participation rate capped at $1,220 per $1,000 face amount and a 10% downside buffer (buffer level = 90% of the initial underlier level). Trade date is May 8, 2026, original issue date May 13, 2026, determination date June 8, 2027 and stated maturity date June 11, 2027. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk, model assumptions that make the original issue price exceed estimated model value, limited secondary-market liquidity, tax uncertainty, and potential substantial principal loss if the final underlier level falls below the buffer.

GS Finance Corp. is offering Leveraged Callable Index-Linked Notes due May 13, 2031 with an aggregate face amount of $1,614,000, guaranteed by The Goldman Sachs Group, Inc. The notes reference the lesser performing of the S&P 500® and Nasdaq-100® indices and pay at maturity either (a) $1,000 plus 2× the lesser performing index return if both indices finish above their initial levels, (b) $1,000 if both finish at or above 50% of initial levels but any index is at-or-below its initial level, or (c) $1,000 × (1 + lesser performing index return) if the lesser performing index finishes below 50% of its initial level. The notes are callable monthly from May 2027 through May 2028 at specified call premiums. Trade date is May 8, 2026; original issue date is May 13, 2026; original issue price is 100%. The estimated value on the trade date is approximately $982 per $1,000 face amount. Investors bear issuer/guarantor credit risk, no interest payments, and possible total loss of principal.

GS Finance Corp. offers principal-at-risk, callable notes linked to the VanEck Gold Miners ETF and the Global X Silver Miners ETF. The notes (expected trade date May 15, 2026, original issue date May 20, 2026, stated maturity May 22, 2031) pay a conditional monthly coupon (product of $9.792 per $1,000 face per coupon accrual) only if both ETFs close at or above 80% of their initial levels on coupon observation dates. The notes are automatically called on a call observation date (May 2027–April 2031 window) if both ETFs close at or above their initial levels; called notes pay face amount plus accrued coupon. If not called, maturity payoff per $1,000 depends on the lesser-performing ETF: full principal if that ETF is >= 80% of its initial level, otherwise a pro rata loss applying a 20% buffer. Estimated value at pricing is between $885 and $925 per $1,000 face amount. Payments are subject to the issuer and guarantor credit risk and to ETF, market disruption, and tax risks.

GS Finance Corp. offers structured notes tied to the S&P 500, Russell 2000 and the State Street® Consumer Staples Select Sector SPDR® ETF. The notes pay a monthly coupon of $9.875 per $1,000 (0.9875% monthly; potential up to 11.85% per annum) when each underlier is ≥ 70% of its initial level on a coupon observation date. The notes have an expected trade date of May 15, 2026, an original issue date expected May 20, 2026, and a stated maturity date expected May 18, 2029. They are subject to an automatic call (full redemption) on call observation dates if all underliers are ≥ their initial levels. If not called, the maturity payment depends on the single lesser performing underlier; a final underlier level <70% results in principal loss tied to that underlier's return. The estimated value on the trade date is between $925 and $955 per $1,000 face amount. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market risks described herein.

GS Finance Corp. is offering leveraged callable S&P 500® Futures Excess Return Index‑linked notes guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, an expected trade date of May 20, 2026 and an expected stated maturity of May 26, 2033. The notes pay at maturity either the face amount or, if the final underlier level is greater than the initial underlier level, $1,000 plus 4.6 times the index return per $1,000 face. The issuer may redeem the notes on monthly call payment dates beginning May 26, 2027; the first call premium is 10.0008%. The notes reference E‑mini S&P 500 futures (not the S&P 500® Index), are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, and have an estimated value on the trade date of $885–$925 per $1,000 face.

GS Finance Corp. is offering leveraged buffered basket-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes measure performance of a five-index weighted basket from an expected trade date of May 21, 2026 to an expected determination date of May 22, 2028, with a stated maturity expected on May 25, 2028. For each $1,000 face amount, holders receive either: (a) $1,000 plus 150% upside participation of the basket return (capped at a maximum settlement amount of $1,270), (b) $1,000 if the final basket level declines up to 10%, or (c) less than $1,000 if the final basket level declines by more than 10%. The notes pay no interest, are unsecured, subject to credit risk of the issuer and guarantor, and had an estimated initial value between $925 and $965 per $1,000 face amount on the trade date.