Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering structured notes linked to the Russell 2000® Index, the EURO STOXX 50® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have a $1,000 face amount and may be automatically called beginning on May 26, 2027 if each underlier is at or above its initial level on a call observation date. If not called, the cash payment at the expected maturity on June 3, 2031 is based on the lesser performing underlier with a trigger buffer level of 70% of initial levels and a guaranteed minimum maturity premium amount of 80%. Estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments are subject to the issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., and the notes do not bear interest.

GS Finance Corp. is offering $ callable Contingent Coupon Equity-Linked Notes due May 18, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class A common stock of Zoom Communications, Inc. (Bloomberg: ZM UW) and pay a contingent monthly coupon of $14.167 per $1,000 (1.4167% monthly, ~17.00% per annum) when the underlier closes at or above a 60% coupon trigger level.

The issuer may redeem the notes on quarterly coupon dates commencing May 2027. At maturity the cash settlement per $1,000 is either $1,000 (if the final underlier level is >= the 60% trigger buffer) or $1,000 + ($1,000 × underlier return); upside is capped at 100% of face and investors could lose up to 100% of their investment. The trade date is May 15, 2026 and original issue date is May 20, 2026.

GS Finance Corp. is offering autocallable contingent coupon index-linked notes due May 17, 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000 and the S&P 500 and pay a contingent monthly coupon of $7.292 per $1,000 (0.7292% monthly, up to ~8.75% annually) only if each underlier on the coupon observation date is at or above 70% of its initial level. The notes will be automatically called if, on any call observation date, each underlier is at or above its initial level; if called, holders receive par ($1,000) plus any coupon then due. If not called, the final cash settlement at maturity for each $1,000 face amount is either $1,000 (if the lesser performing underlier is >=70% of its initial level) or $1,000 × (1 + lesser performing underlier return), exposing investors to loss of principal (up to the entire investment). Trade date is May 12, 2026 and original issue date is May 15, 2026. This pricing supplement highlights significant structure, market‑value, credit and tax risks, and cautions that the original issue price exceeds the estimated model value.

GS Finance Corp. is offering $1,000 face‑amount autocallable contingent coupon index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq‑100, Russell 2000 and S&P 500, pay a contingent monthly coupon of $9.25 per $1,000 when each underlier is at least 75% of its initial level, and are automatically called if all underliers are at or above their initial levels on a call observation date. If not called, the maturity cash payment is tied to the lesser performing underlier and can result in a substantial loss, including a hypothetical ~74.667% loss if that underlier finishes at 19% of its initial level.

GS Finance Corp. offers callable, equity-linked medium-term notes backed by a guarantee from The Goldman Sachs Group, Inc. The notes pay a fixed coupon of $9.167 per $1,000 (0.9167% monthly, approximately 11% per annum) and are linked to the performance of the common stock of Bank of America Corporation from the trade date (expected May 12, 2026) to the determination date (expected June 10, 2027).

If, on any monthly call observation date, the closing price of the index stock is greater than or equal to the initial index stock price, the notes will be automatically called and holders will receive the face amount plus the coupon on the applicable call payment date. If not called, the cash settlement at maturity (expected June 15, 2027) depends on the index stock return: holders receive $1,000 if the final index stock price is at least 75% of the initial price (the trigger buffer price); if the final price is below 75% of the initial price, the maturity payment declines pro rata and investors may receive substantially less than principal.

GS Finance Corp. offers autocallable contingent coupon index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $10 per $1,000 (1% monthly, up to 12.00% per annum) only if each underlier is >= 70% of its initial level on the coupon observation date. The notes are automatically called if each underlier is >= its initial level on any call observation date. If not called, maturity payoff depends solely on the lesser performing underlier versus a 60% trigger buffer; principal can be lost.

GS Finance Corp. is offering non‑interest bearing indexed notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an expected trade date of May 15, 2026 and an expected stated maturity of May 20, 2031. They pay at maturity either $1,475 per $1,000 face amount if the final index level is ≥ 101% of the initial level or $1,000 otherwise. The notes may be automatically called on annual observation dates starting in May 2027 for predetermined call returns (first-year call return 9.5%, increasing in later years).

The index uses daily rebalancing across up to ten eligible assets, a 5% realized volatility control and a momentum adjustment, and is subject to a 0.65% per annum deduction. The estimated value at pricing is between $850 and $880 per $1,000 face amount. Payments remain subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. is offering leveraged basket-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the payment at maturity for each $1,000 face amount depends on the basket return measured from an initial basket level of 100 to a final basket level determined on a specified determination date expected 47 to 50 months after the trade date.

If the final basket level is greater than the initial basket level, holders receive $1,000 plus $1,000 times the upside participation rate (expected 159%–186%) times the basket return. If the final basket level is zero or negative, holders receive $1,000 plus $1,000 times the basket return (which can result in a loss of principal). The basket is weighted: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), SMI (11%) and S&P/ASX 200 (7%). The estimated value at pricing is expected to be $920–$950 per $1,000 face amount. Credit risk is that of GS Finance Corp. and The Goldman Sachs Group, Inc.; notes are unsecured, not FDIC insured and may have limited liquidity.

GS Finance Corp. is offering $ Buffered Digital S&P 500® Index-Linked Notes due May 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity depends on the S&P 500 closing level from the trade date to the determination date: if the final level is at or above the buffer level (85% of the initial level), holders receive a capped $1,078.80 per $1,000 face amount; if below the buffer level, losses occur at approximately 1.1765% of face per 1% decline below the buffer level, potentially resulting in total loss of principal.

The notes pay no interest, are issued at 100% of face with a 1% underwriting discount, and are subject to the credit risk of GS Finance Corp. and its guarantor. Pricing, estimated value, market-making, tax treatment (including uncertainty), limited secondary liquidity, and other structural risks are disclosed in the supplement.