GOLDMAN SACHS GROUP (GS) SEC Filings, May 27, 2026

GS Finance Corp. is offering a structured, callable note linked to an equally weighted basket of 10 common stocks as described in a preliminary prospectus supplement. The notes have an initial basket level of 100, an upside participation rate of 125%, a trigger buffer level of 70% and are expected to mature on June 15, 2029, with an expected automatic call observation date of June 21, 2027. If automatically called, the cash payment will equal $1,175.5 per $1,000 face amount; if not called, payoff at maturity depends on the basket return with downside exposure below the 70% trigger buffer.

Holders bear the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited anti-dilution protections apply, the calculation agent (GS&Co.) has discretionary determinations, and the estimated value at pricing is shown between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering indexed notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER that mature on June 1, 2032 unless automatically called. Payments depend on the index: monthly coupons (for each $1,000 face amount) are computed as $15 times the number of observation dates minus previously paid coupons, payable only when the index on an observation date is at or above 70% of the initial underlier level of 519.37. The notes are automatically called if the index closing level on any call observation date (Nov 2026–Apr 2032) is greater than or equal to 519.37, in which case holders receive principal plus the coupon on the next payment date. The index applies up to 500% leverage, a daily cap on leverage change of 100%, and a fixed daily decrement equal to 6.0% per annum, all of which can materially reduce returns. The estimated value at pricing was approximately $969 per $1,000 face amount; original issue price was 100% with a 0.8% underwriting discount.

GS Finance Corp. priced indexed notes linked to the S&P 500® Index with a capped payout and principal downside. The offering has an aggregate face amount of $2,460,000, an original issue price of 100% of face, a 1% underwriting discount and net proceeds of 99% of face. Each note has no interest and pays at maturity either a capped $1,085 per $1,000 face amount if the final underlier level is at or above the trigger buffer level (80% of the initial level), or otherwise a cash amount equal to $1,000 plus the underlier return, meaning losses accrue 1% for each 1% decline below the initial level and the investor could lose the entire investment. Trade date was May 22, 2026, original issue date May 28, 2026, determination date June 4, 2027 and stated maturity June 9, 2027.

The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and carry credit risk of both entities. The notes are not interest bearing, are cash-settled, will not be listed, and may have limited liquidity; market value prior to maturity will be influenced by the underlier level, volatility, interest rates and issuer/guarantor creditworthiness.

GS Finance Corp. priced contingent quarterly coupon notes linked to Amazon.com, Inc. (AMZN). The offering aggregates $2,026,000 of face amount and pays contingent quarterly coupons of up to $27.50 per $1,000 per coupon observation schedule, with an automatic call if the underlier equals or exceeds the initial level on any call observation date.

The notes mature on May 28, 2030 (determination date May 22, 2030) and settle in cash. If not called, principal repayment at maturity depends on the final underlier level vs. the 79.49% trigger buffer: full principal is preserved at or above the buffer; below it, payment equals face amount multiplied by the underlier return, which could result in a total loss of principal.

Goldman Sachs & Co. LLC discloses a MOBU Focus ER index supplement addendum describing the Goldman Sachs Momentum Builder® Focus ER Index (GSMBFC5). The index applies a 5% volatility control limit, shifts exposure into non-interest bearing cash when realized volatility or negative momentum triggers apply, and charges a 0.65% per annum deduction (accruing daily). The base index can allocate widely across focused U.S. equities, developed market equities, fixed income, emerging market equities and commodities, plus a return-based money market position; as of May 7, 2026 the money market position was 65.86% of the base index. Historical and hypothetical performance from Jan 1, 2021 to May 7, 2026 are presented, including annualized performance 1.91% (index) and realized volatility 3.55%.

GS Finance Corp. supplements its prospectus for notes linked to the Goldman Sachs Momentum Builder® Focus ER Index, describing index mechanics, risks and processes that may govern payments on the notes. The index applies a 5% volatility control, a momentum risk control adjustment, and a 0.65% per annum deduction (accruing daily). The base index weights nine eligible underlying indices plus a return-based money market position that accrues at the federal funds rate and may allocate heavily to cash positions; base-index rebalancing can produce as few as two underlying assets on any day. The supplement flags credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., potential conflicts of interest, limited index operating history (launched January 12, 2021) and tax and market‑liquidity considerations. Specific note terms, pricing and final procedures are set forth in the applicable pricing supplement and any product supplement.

GS Finance Corp. is offering autocallable, VanEck Semiconductor ETF (SMH)-linked notes due June 1, 2028 that are fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, feature an automatic call on June 8, 2027 if the underlier closes at or above the initial level, and otherwise settle in cash at maturity based on the underlier’s performance with a 20% buffer and 100% upside participation.

The notes carry issuer and guarantor credit risk, may be worth less than their issue price in secondary trading, and could result in the loss of the entire investment if the final underlier level falls below the 80% buffer level.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes due June 14, 2029, guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and pays a monthly contingent coupon only when the lowest-performing underlier meets a 65% coupon threshold on the applicable calculation day. The contingent coupon will equal at least $8.334 per $1,000 (about 10.00% per annum) as set on the pricing date. Notes may be automatically called if the lowest-performing underlier is >= its starting value on any call date (first call measurement December 2026). If not called, principal at maturity depends solely on the lowest-performing underlier: protection applies down to a 60% downside threshold; below that you suffer proportional principal loss, potentially losing the entire investment. The estimated value on pricing is between $925 and $955 per $1,000; original offering price is $1,000. Pricing date is June 10, 2026 and original issue date is June 15, 2026. These securities are unsecured senior obligations and subject to issuer and guarantor credit risk.

GS Finance Corp. offers callable 10-Year CMT Rate‑Linked Range Accrual Notes due May 27, 2031. The notes pay quarterly interest beginning August 27, 2026 based on the number of reference dates in each interest period when the 10‑year CMT rate is ≤ 5.25%, multiplied by an interest factor of 7.30%. The issuer may redeem the notes at 100% of face plus accrued interest on any quarterly interest payment date on or after May 27, 2027 with at least five business days’ notice. Original issue price is 100% of face amount; underwriting discount is 1.50% and net proceeds to issuer are 98.50%. The estimated value at pricing was approximately $970 per $1,000 face amount. Payments are unsecured obligations of GS Finance Corp. and are guaranteed by The Goldman Sachs Group, Inc.; returns depend on the reference rate, market value and issuer/guarantor creditworthiness.