Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering autocallable, contingent-coupon, index-linked notes guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $6.042 per $1,000 (0.6042% monthly; potential ~7.25% p.a.) when each index is ≥70% of its initial level, are callable on specified observation dates beginning October 2026, and mature on the stated maturity date expected to be May 2, 2029. Principal at maturity (if not called) depends on the performance of the lesser performing underlier versus an 80% buffer; losses occur if any underlier falls below its buffer and >30% falls below its initial level. The pricing supplement discloses an estimated value at issuance of $925–$955 per $1,000.

GS Finance Corp. priced Market Linked Securities—auto‑callable notes due April 26, 2029 linked to the lowest performing of the common stock of Advanced Micro Devices, Inc. and Western Digital Corporation. The notes have a face amount of $1,000 and a contingent quarterly coupon of $69.25 per security (equivalent to a 27.70% per annum) payable only if the lowest performing underlying stock closes at or above 50% of its starting price on a calculation day. The securities are auto‑callable if the lowest performing underlying stock closes on a call date at or above its starting price; otherwise the maturity payment depends solely on that lowest performing stock and can result in loss of more than 50% (possibly all) of principal. The estimated value at pricing was approximately $960 per $1,000 face amount; original offering price was $1,000.

GS Finance Corp. priced buffered, capped notes linked to the S&P 500® Index with an aggregate face amount of $400,000. For each $1,000 face amount, the cash payment at maturity depends on the underlier return measured from the trade date April 21, 2026 to the determination date April 21, 2028. If the final underlier level is above the initial level, investors receive the underlier return capped at a maximum settlement amount of $1,277.50 per $1,000. If the final level is between the initial level and the buffer level of 85% of the initial level, investors receive the face amount. If the final level is below the buffer level, losses occur pro rata beyond the buffer amount of 15%. The notes pay no interest, are senior unsecured obligations of GS Finance Corp. and are fully guaranteed by The Goldman Sachs Group, Inc.; they are subject to issuer and guarantor credit risk, model/pricing differences, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due May 3, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 and pay a contingent monthly coupon of 1.0% ($10 per $1,000) when each underlier is at or above a 70% coupon trigger level on the related observation date. The notes are automatically called if, on any call observation date, each underlier closes at or above its initial level; in that event holders receive principal plus any coupon then due. If not called, the cash settlement at maturity is based solely on the lesser performing underlier and could result in a total loss of principal; the pricing supplement warns investors that they could lose their entire investment. Trade date is April 29, 2026, original issue date May 4, 2026, and determination date April 30, 2029. The notes carry issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering trigger securities linked to the S&P 500® Index, with payments at maturity that depend on the final index level relative to an initial index level set on the trade date. The securities are unsecured notes of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

The terms include a downside threshold expected to be between 75.50% and 70.50% of the initial index level, an expected trade date of April 29, 2026, an original issue date of April 30, 2026, a determination date expected to be April 29, 2031, and a stated maturity date expected to be May 2, 2031. Payments at maturity may equal the face amount, exceed it if the index rises, or be less than the face amount (potentially to zero) if the final index level is below the downside threshold. The estimated value at pricing is between $9.30 and $9.60 per $10 face amount and the underwriting discount is 3.50%. Investors face both market downside risk tied to the index and credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers Nasdaq-100 Index®-linked notes due May 7, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; principal at maturity is tied to the Nasdaq-100 closing level on the determination date (May 4, 2027) versus an initial level of 26,590.34. Investors participate at a 100% upside participation rate subject to a cap level of 108.69%, producing a maximum settlement of $1,086.90 per $1,000 face amount and a minimum settlement of $950 per $1,000. The offering’s aggregate face amount on the original issue date is $1,885,000. The original issue price is 100% of face and underwriting discount is 1% (net proceeds 99%). The estimated value on the trade date was approximately $984 per $1,000. Payments are subject to the issuer’s and guarantor’s credit risk and to the specific terms for market disruption events, successor underliers and tax treatment described herein.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2027 tied to NVIDIA common stock, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; maturity payoff depends on the final underlier level on the determination date. If the final underlier level is greater than or equal to the trigger buffer level (60% of the initial level), each $1,000 note will pay a capped maximum settlement amount of $1,140.50. If the final underlier level is below the trigger buffer level, the cash payment equals $1,000 plus $1,000 times the underlier return, producing a pro rata loss that can be the entire investment. Trade date is April 30, 2026, original issue date May 5, 2026, determination date June 1, 2027, and stated maturity date June 4, 2027. The original issue price equals 100% of face; underwriting discount is 1.1% and net proceeds are 98.9%.

GS Finance Corp. is offering structured callable notes linked to the EURO STOXX® Banks Index and the State Street® Technology Select Sector SPDR® ETF. The notes pay a quarterly coupon of $36.25 per $1,000 (3.625% quarterly; 14.5% potential annualized) when each underlier is at or above 70% of its initial level on a coupon observation date.

The trade date is expected to be April 23, 2026, the original issue date expected to be April 28, 2026, and the stated maturity date is expected to be April 26, 2029. Notes may be automatically called on observation dates commencing July 2026 through January 2029 if each underlier is at or above its initial level; at maturity the cash payment depends on the lesser performing underlier and can result in a loss of principal if that underlier is below its 70% trigger buffer level. The estimated value on the trade date is between $925 and $955 per $1,000 face amount.

GS Finance Corp. is offering autocallable equity-linked notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference Alphabet Class C, Target, and Tesla and pay at maturity based on the lesser performing underlier return with a 100% upside participation rate.

The notes have annual automatic call observation dates beginning April 28, 2027 with specified call premium amounts (19.5% through 78%), trade date April 28, 2026, original issue date May 1, 2026, determination date April 28, 2031 and stated maturity May 5, 2031. They do not bear interest and are cash-settled.