GOLDMAN SACHS GROUP INC (GS) SEC Filings, May 28, 2026

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal‑protected structured notes linked to three underliers with a stated maturity of June 4, 2029. Each $1,000 note may pay a monthly coupon of $11.917 if, on an observation date, the closing level of each underlier is at least 70% of its initial level. If not redeemed early, the maturity cash payment depends solely on the lesser performing underlier: full principal is preserved if that underlier finishes at or above 50% of its initial level; below 50% the holder suffers a proportional loss. The notes are unsecured obligations and subject to issuer and guarantor credit risk. The estimated value at pricing is $925–$955 per $1,000 face amount.

GS Finance Corp. priced two separate buffered index-linked notes guaranteed by The Goldman Sachs Group, Inc. The offerings total $1,588,000 (EURO STOXX 50®) and $4,644,000 (S&P 500® Futures Excess Return), issued May 29, 2026 with stated maturities in May 2031.

Each note pays no interest and delivers a cash settlement per $1,000 face amount based on the applicable index return on the determination date, subject to an upside participation rate (144% for SX5E; 170% for SPXFP) and a downside buffer (25% or 20%). The pricing supplement shows estimated values per $1,000 of $942 and $929 and an underwriting concession of up to 4.125% of face amount; investors remain exposed to issuer/guarantor credit risk and market, tax and liquidity risks.

GS Finance Corp. priced a structured note linked to the S&P 500® Futures Volatility Plus Daily Risk Control Index with a stated maturity of June 3, 2031. The notes pay a monthly coupon of $7.834 per $1,000 (0.7834% monthly; potential ~9.4% p.a.) only if the index closes on an observation date at or above 85% of the initial level. The notes are automatically called on any call observation date from May 2027 through April 2031 if the index is at or above the initial level of 1,029.89, in which case holders receive principal plus the coupon on the related call payment date. At maturity (if not called), holders receive principal if the final index level is >= 85% of the initial level; if the final index level is below that buffer, the cash payment is reduced per the buffer formula (buffer = 15%), and holders may lose a substantial portion of their investment. The estimated value on the trade date was approximately $938 per $1,000 face amount. The issue price is 100% with an underwriting discount of 3.75% and net proceeds to the issuer of 96.25%. Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering leveraged buffered S&P 500® index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is linked to the S&P 500 performance measured from the May 29, 2026 trade date to the May 30, 2028 determination date, with a stated maturity of June 2, 2028 (subject to adjustment).

Key economic terms: $1,000 face amount per note; 150% upside participation capped by a $1,215 maximum settlement amount per $1,000; a protection buffer at 85% of the initial level (i.e., 15% buffer). If the final underlier level falls below the buffer, investors lose proportionally of principal. The initial underlier level will be set on the trade date.

GS Finance Corp. is offering capped, non‑interest bearing notes linked to an ADS of Taiwan Semiconductor Manufacturing Company Limited (each ADS represents five common shares). The notes have a $1,000 face amount per note, an initial index stock price of $412.32, a maximum settlement amount of $1,311 per $1,000 at maturity and a stated maturity date of June 1, 2029. If the final ADS closing price on the determination date is greater than or equal to the initial price, holders receive the capped amount; if it is lower, holders receive the face amount. The trade date is May 26, 2026, original issue date is May 29, 2026, and the determination date is May 29, 2029. The prospectus discloses an estimated value of approximately $981 per $1,000 face amount and an underwriting discount of 0.75%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to credit risk, anti‑dilution and market disruption provisions described in the supplement.

GS Finance Corp. offers two separate leveraged, buffered index-linked note tranches guaranteed by The Goldman Sachs Group, Inc. One tranche links to the S&P 500® Index with an aggregate face amount of $1,387,000, trade date May 26, 2026, original issue date May 29, 2026, determination date November 27, 2028 and a stated maturity of November 30, 2028. The S&P tranche carries a 200% participation rate, a 10% buffer (buffer level = 90% of initial level) and a capped maximum settlement amount of $1,242.50 per $1,000 face.

The second tranche links to the Russell 2000® Index with an aggregate face amount of $184,000, the same trade and original issue dates, a determination date of November 26, 2027 and a stated maturity of December 1, 2027. The Russell tranche carries a 110% participation rate, a 10% buffer and a capped maximum settlement amount of $1,240 per $1,000 face. Both notes pay no interest; redemption at maturity is cash based on index performance, subject to buffers, caps and credit risk of the issuer and guarantor.

GS Finance Corp. offers principal-at-risk, autocallable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes pay a monthly coupon of $12.50 per $1,000 face amount when the index closes at or above 60% of the initial level on an observation date, can be automatically called beginning November 2026, and mature June 3, 2031 if not called. Payments at maturity (or on a call) depend on the final index level; the index applies up to 500% leverage, a daily 6.0% per annum decrement, and caps on daily leverage changes, all of which can magnify losses. The estimated value at issuance was approximately $925 per $1,000 face, and the original issue price is 100% of face with an underwriting discount of 4.5%.

The issuer is offering S&P 500® Index-linked, non-interest bearing notes maturing on June 5, 2028 with a trade date of May 26, 2026 and a determination date of May 26, 2028. Each $1,000 face amount pays either (a) $1,035 at maturity if a barrier event occurs during the measurement period (a single-day closing below 74% or above 126% of the initial index level) or (b) if no barrier event occurs, $1,000 plus $1,000 times the absolute index return (limited to between 0% and 26%). The initial underlier level is 7,519.12. The estimated value on the trade date is approximately $970 per $1,000 face amount; original issue price is 100% and underwriting discount is 2.25%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk, limited upside depending on barrier outcomes, secondary-market liquidity constraints and special U.S. tax rules.

GS Finance Corp. is offering $1,000 face‑amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due June 17, 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have a 100% upside participation rate and may be automatically called on annual observation dates beginning June 15, 2027 if the index meets rising call levels. The notes’ cash‑at‑maturity formula pays $1,000 plus upside participation when the final index level exceeds the initial level; if the final index level is equal to or less than the initial index level, holders receive the $1,000 face amount. GS&Co. estimates the notes’ value on the trade date at $850 to $890 per $1,000 face amount, below the original issue price. The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which daily rebalances across eligible assets and applies volatility and momentum controls and a 0.65% p.a. deduction.