Goldman Sachs Group Inc SEC Filings

GS Finance Corp. priced Market Linked Securities — Auto-Callable with Contingent Coupon with Memory linked to the Class A common stock of Coinbase Global, Inc. Pricing date was May 8, 2026, original issue date May 13, 2026, stated maturity May 11, 2029. Each $1,000 face amount pays a quarterly contingent coupon of $57.50 (equivalent to 23.00% per annum) if the stock closing price on a calculation day is >= the coupon threshold (50% of the starting price). The starting price is $201.16. The securities are automatically called if the stock closing price on any call date is >= the starting price. If not called, principal at maturity depends on the ending price versus the downside threshold (50% of the starting price) and can result in loss of more than 50% or the entire face amount. The estimated value at pricing was approximately $963 per $1,000 face amount and the original offering price was $1,000 per security. Underwriting discount was 2.325% ($23.25 per $1,000). All payments are unsecured and subject to issuer and guarantor credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term notes linked to the S&P 500® Index that pay no interest and can be automatically called. For each $1,000 face amount, investors receive $1,095 if the underlier on the call observation date is greater than or equal to the initial level; otherwise the maturity cash payment depends on the S&P 500’s performance, a 125% upside participation rate and a 10% buffer (buffer level = 90% of the initial level). The notes have an original issue price equal to face amount, an underwriting discount of 1.75%, and aggregate face amount shown of $2,206,000. Trade date is May 7, 2026, original issue date May 12, 2026, call observation date May 14, 2027, call payment date May 19, 2027, determination date May 8, 2028, and stated maturity May 11, 2028. Investors bear market risk in the underlier and the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; the notes are cash‑settled and not equity or deposit instruments.

GS Finance Corp. is offering fixed coupon index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $13.375 per $1,000 (1.3375% quarterly, up to 5.35% per annum) with expected trade date May 28, 2026 and expected stated maturity June 2, 2031. The cash payment at maturity (in addition to the final coupon) is linked to the performance of the lesser performing of the Russell 2000 and the S&P 500 measured from the initial level on the trade date to the final level on the determination date May 23, 2031. A 20% buffer applies (buffer level = 80% of initial level); if the lesser performing index return is below -20% the cash settlement declines below face amount. The pricing models estimate an initial value between $886 and $936 per $1,000 face amount, less than issue price. The notes are unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and subject to issuer and market risks including credit, tax, liquidity, and market disruption provisions.

GS Finance Corp. is offering $ callable contingent coupon index-linked notes due May 17, 2029, guaranteed by The Goldman Sachs Group, Inc.. Each $1,000 face amount will pay a contingent monthly coupon of $7.292 if both underlying indices close at or above 70% of their initial levels on the related observation dates. At maturity (or upon no redemption), the cash settlement equals $1,000 if the lesser performing underlier is at or above 50% of its initial level; if below 50%, the payment equals $1,000 multiplied by the lesser performing underlier return, exposing investors to potential loss of principal, including most or all of invested premium.

The issuer may redeem the notes on any coupon payment date beginning in August 2026. The notes are unsecured senior obligations and subject to issuer and guarantor credit risk; market value may differ materially from original issue price.

GS Finance Corp. is offering autocallable contingent coupon underlier-linked notes due May 20, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon and may be automatically called on specified observation dates; final cash at maturity depends on the lesser performing underlier.

The notes reference the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the VanEck Semiconductor ETF (SMH). Coupons of $17.084 per $1,000 may be paid on a coupon date only if each underlier is at or above 75% of its initial level; a trigger buffer for principal protection is 60% of initial levels. If not called, the cash settlement at maturity equals $1,000 if the final lesser performing underlier is at or above 60% (subject to the disclosed schedule) or declines pro rata with the lesser performing underlier below that level, potentially causing loss of principal.

GS Finance Corp. offers principal-protected, callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an aggregate face amount of $1,056,000, a 100% upside participation rate, and automatic annual call features with increasing call levels and call premiums through May 13, 2032. If not called, maturity is on May 9, 2033, and the cash settlement depends on index performance; negative or zero index returns result in repayment of the face amount only. The notes do not pay interest and are subject to issuer and guarantor credit risk.

The pricing supplement describes offered indexed notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., with an aggregate face amount of $2,286,000. The notes pay no interest, may be automatically called on specified observation dates and mature on May 9, 2033. If not called, maturity payment depends on the index return of the Goldman Sachs Momentum Builder® Focus ER Index with a 100% upside participation rate, subject to deductions and a 0.65% per annum deduction in the index. The initial index level is 113.30. The estimated value on the trade date is $895 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.625%. The notes are subject to issuer and guarantor credit risk, limited upside on call, potential allocation of the index to cash positions (which earn zero net excess return before the deduction), and complex index methodology described in the supplement.

GS Finance Corp. is offering principal-protected, contingent income notes linked to the State Street SPDR S&P Bank ETF and the VanEck Semiconductor ETF. The notes mature on February 15, 2029 unless automatically called on a call observation date between November 2026 and January 2029. Monthly coupons equal to $8.334 per $1,000 (0.8334% monthly, ~10% annualized) are payable on a coupon payment date only if the closing level of each ETF on the related coupon observation date is ≥ 75% of its initial level. If on any call observation date the closing level of each ETF is ≥ 95% of its initial level, the notes will be automatically called and you will receive the face amount plus the coupon then due. At maturity (if not called) the cash settlement depends on the lesser performing ETF: you receive $1,000 if that ETF’s final level is ≥ 75% of its initial level, otherwise you receive an amount that linearly decreases below the face amount based on the lesser performing ETF return and a 25% buffer. Initial underlier levels are $64.05 (KBE) and $566.54 (SMH). The estimated value on the trade date was approximately $951 per $1,000; original issue price is 100% with an underwriting discount of 3.5% and net proceeds 96.5%. Payments depend on the issuer’s and guarantor’s creditworthiness and are subject to market, trading, tax and structural risks described in the supplement.

GS Finance Corp. is offering callable, principal‑at‑risk notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay a fixed monthly coupon of $10.209 per $1,000 face amount (1.0209% monthly, up to ~12.25% per annum) and may be automatically called on specified monthly observation dates if the index stock closes at or above the initial index stock price.

If not called, the cash payment at maturity (expected July 2, 2027) depends on the index stock return measured from the trade date (expected May 29, 2026) to the determination date (expected June 29, 2027). A trigger buffer of 68% of the initial price protects principal down to that level; below that threshold investors suffer a pro rata loss based on the index stock return. The estimated value on the trade date is between $925 and $965 per $1,000 face amount.