Goldman Sachs Group Inc SEC Filings

GS Finance Corp. prices an offering of equity index-linked Medium-Term Notes, Series F (guaranteed by The Goldman Sachs Group, Inc.) with an original offering price of $1,000 per security and a stated maturity date of August 2, 2027. The securities provide 300% upside participation in an unequally weighted basket (EURO STOXX 50, Nikkei 225, FTSE 100, SMI, S&P/ASX 200) subject to a maximum return of at least 18.00% (implying a maximum maturity payment of at least $1,180).

Key commercial terms: pricing date May 28, 2026, original issue date June 2, 2026, estimated value at pricing between $925 and $955 per $1,000 face amount, and an underwriting discount up to $20.25 (up to 2.025%), leaving proceeds to issuer of $979.75 per security. Investors bear full downside exposure to basket declines and credit risk of the issuer and guarantor.

GS Finance Corp. is offering Autocallable S&P 500® Index‑Linked Notes due July 7, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and carry an automatic call on July 1, 2027 if the S&P 500 closing level on that date is greater than or equal to the initial index level, in which case holders receive $1,109 per $1,000 face amount on the call payment date. If not called, the maturity payment is tied to the index return measured from an initial underlier level (the lowest closing level during the observation period from May 1, 2026 through May 29, 2026) to the final underlier level (closing level on the determination date of July 3, 2028), with a 150% upside participation rate when the index return is positive and full principal protection only if the final underlier level is no worse than −20% of the initial level. The pricing example shows an estimated value of approximately $977 per $1,000 face amount at trade date and an original issue price of 100% of face. These notes are unsecured obligations subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., have limited liquidity, and may result in substantial or total loss of principal if the final index level falls below the trigger buffer level.

GS Finance Corp. is offering structured, non‑interest bearing notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes trade date is May 1, 2026, original issue date May 6, 2026, and stated maturity date May 4, 2029. Each $1,000 face amount may be automatically called on specified call observation dates beginning May 4, 2027 if the index closing level on a call observation date is >= 90% of the initial underlier level of 475.94. If not called, payment at maturity depends on the underlier return measured to the determination date May 1, 2029, with a buffer level at 70% of initial level (30% buffer) and a capped maximum settlement amount of $1,430.524 per $1,000 face amount. The index applies a 6.0% per annum decrement, may employ up to 500% leverage, targets 40% volatility, and is complex and potentially highly volatile. The estimated value at pricing was approximately $957 per $1,000 face amount; original issue price is 100% with an underwriting discount of 1.5%.

The offered notes are contingent monthly coupon indexed notes issued by GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc. The aggregate face amount is $20,280,000 and each note has a $1,000 face amount. Coupons of $8.334 per $1,000 (0.8334% monthly, ~10.00% annualized) are payable only when each underlier meets its 80% coupon trigger on observation dates. The final cash settlement at maturity (stated maturity May 4, 2029) is based solely on the lesser performing underlier versus its initial level (initial levels: Nasdaq-100 Technology Sector Index 14,845.98; S&P 500 7,230.12). If any underlier is below its 80% buffer at maturity, the payment formula can materially reduce principal (examples show cash settlement as low as 40.000% of face). Notes are automatically called early if both underliers are at or above initial levels on a call observation date. The offering includes underwriting discount of 0.6% and net proceeds equal to 99.4% of face amount.

GS Finance Corp. is offering $1,000 face-amount autocallable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index with a 100% upside participation rate and an automatic call if the index on a call observation date is ≥ 101% of the initial index level. The trade date is May 26, 2026 and the stated maturity is May 27, 2033. The index applies a 5% realized volatility control and a deduction of 0.65% per annum (accruing daily); GS&Co.’s estimated value on the trade date is $850 to $890 per $1,000 face amount.

The notes pay capped cash call premiums on specified call payment dates if called early (examples: at least 9.25% on first call, increasing in later years). If not called, maturity payment is $1,000 plus participation in positive index return; if the final index level is equal to or below the initial level, the cash settlement equals the face amount.

GS Finance Corp. is offering autocallable EURO STOXX 50® index-linked notes due June 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, feature an automatic call on a May 31, 2027 observation if the underlier is at or above its initial level, and would pay $1,140 per $1,000 face amount if called. If not called, maturity payments depend on the EURO STOXX 50® performance with a 200% upside participation rate and a 15% buffer (buffer level = 85% of initial level). Investors bear issuer and guarantor credit risk and could lose a substantial portion of their investment if the final underlier level falls below the buffer level.

GS Finance Corp. offers capped, non‑interest notes linked to Marvell Technology, Inc. common stock with a $6,819,000 aggregate face amount and a $1,000 face amount per note. The notes trade with a 100% issue price, 200% upside participation, a buffer at 65% of the initial index stock price ($164.95), an estimated value of approximately $975 per $1,000 face amount on the trade date, an underwriting discount of 1.5%, and automatic call mechanics on May 14, 2027 that cap the call payment at $1,335.5 per $1,000. The stated maturity is May 4, 2028.

The pricing supplement describes GS Finance Corp. buffered digital S&P 500® index-linked notes due May 26, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide a 10% buffer: if the final S&P 500 level on the determination date is at or above 90% of the initial level you receive a capped cash payment (the maximum settlement amount is at least $1,092.30 per $1,000 face); if the final level is below the buffer you lose approximately 1.1111% of face for every 1% the index declines below the buffer, potentially losing your entire investment. Key dates: trade date May 8, 2026, original issue date May 13, 2026, determination date May 21, 2027, stated maturity May 26, 2027. The notes are subject to the issuer and guarantor credit risk, limited upside due to the cap, no shareholder rights in the underlier, uncertain U.S. federal tax treatment, and likely limited secondary market liquidity.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, cash-settled notes linked to the S&P 500Futures Excess Return Index. The notes pay no interest and return at maturity depends on the final underlier level versus the initial level of 582.51. If the final level is at or above the initial level, holders receive the face amount plus 120% upside participation of the underlier gain. If the final level declines up to the 20% buffer, holders receive the absolute value of the underlier return added to the face amount. If the final level falls below the 80% buffer level, holders suffer a proportional loss of principal; a significant portion of the investment could be lost. Trade date is May 1, 2026, original issue date May 6, 2026, determination date May 1, 2029, and stated maturity May 4, 2029. The offering lists an aggregate face amount of $100,000 and an original issue price equal to 100% of face amount.