GOLDMAN SACHS GROUP (GS) SEC Filings, May 26, 2026

GS Finance Corp. is offering autocallable equity-linked notes due 2030 that are guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Microsoft Corporation and feature quarterly automatic call observation dates; payments are cash-settled and capped.

The notes pay no interest, include a buffer level of 80% (buffer amount 20%) and a capped maturity premium of 40.80%. If not called, maturity payoff depends on the final underlier level versus the buffer and initial levels; losses can be substantial and investors bear issuer and guarantor credit risk.

GS Finance Corp. offers index-linked notes due June 14, 2028 that pay at maturity an amount tied to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index. For each $1,000 face amount, holders may receive up to a $1,090 payment if both underliers are flat or positive. If the lesser performing underlier finishes down but stays at or above 60% of its initial level, the holder receives $1,000 plus the absolute value of that negative return (producing a positive payoff). If the lesser performing underlier finishes below 60% of its initial level, the payoff equals $1,000 plus $1,000 times (lesser performing return + 40%), which can result in substantial losses to principal. The pricing models estimate the notes' value on the trade date to be between $925 and $965 per $1,000 face amount. The notes do not pay interest, are unsecured obligations of GS Finance Corp., are guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk. Trade date, original issue date and determination date are expected to be June 9, 2026, June 12, 2026 and June 9, 2028, respectively.

GS Finance Corp. offers autocallable contingent coupon notes linked to the VanEck Gold Miners ETF (GDX) with an initial underlier level set on May 27, 2026, an original issue date of May 29, 2026 and a stated maturity of June 1, 2029. The notes pay a contingent quarterly coupon only when the underlier closes at or above a coupon trigger level of 55% of the initial underlier level, and will be automatically called on a call payment date if the underlier closes at or above the initial underlier level on a call observation date.

At maturity (if not called), each $1,000 face amount pays $1,000 if the final underlier level is at or above the trigger buffer level of 55%; otherwise the cash settlement equals $1,000 plus $1,000 times the underlier return, which can result in a loss of principal (including the potential to lose the entire investment). The calculation agent is Goldman Sachs & Co. LLC.

GS Finance Corp. offers Leveraged Buffered S&P 500® Futures Excess Return Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 Futures Excess Return Index performance versus an initial level set on the trade date, with an upside participation rate of 120.25% and a 15% buffer (buffer level = 85% of initial). If the final underlier level is between the initial level and the buffer level, investors receive the absolute underlier return; if the final underlier level falls below the buffer level, losses accrue dollar-for-dollar below the buffer. Trade date is May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028, and stated maturity June 2, 2028.

The notes are cash-settled per $1,000 face amount, carry issuer and guarantor credit risk, and may trade illiquidly; GS&Co. may make a market but is not obligated to do so. Pricing models indicate the original issue price will exceed estimated model value due to underwriting discounts and fees; secondary market prices may differ materially.

GS Finance Corp. offers $3,768,000 aggregate face amount of Leveraged Buffered Basket-Linked Notes due May 25, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on a weighted basket of five indices measured from the trade date May 21, 2026 to the determination date May 22, 2028.

If the final basket level is above the initial level (100), holders receive 150% participation in positive basket return up to a cap (cap level 118%), producing a maximum cash settlement of $1,270 per $1,000 face amount. If the final basket level is between 90% and 100% of the initial level, holders receive the face amount. If the final basket level is below 90%, the payoff declines and may result in substantial principal loss. The estimated value at pricing was approximately $983 per $1,000 face amount.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due November 27, 2028 that pay interest at 4.65% per annum from the original issue date May 27, 2026. Interest is payable semiannually on May 27 and November 27, first paid November 27, 2026. The notes may be redeemed in whole, at the issuer’s option, on each redemption date beginning November 27, 2026, with at least five business days’ notice, at a price equal to 100% of principal plus accrued interest. The initial public price is 100% for an aggregate principal amount of $28,337,000; underwriting discount is 0.309% and proceeds before expenses to The Goldman Sachs Group, Inc. are $28,249,438.67. The offering is subject to distribution restrictions in multiple jurisdictions and FATCA withholding rules; the notes are DTC book-entry securities.

GS Finance Corp. offers structured, non-interest bearing notes linked to an equally weighted 8-stock basket with a trade date of May 21, 2026 and a stated maturity of May 25, 2028. For each $1,000 face amount, holders receive a maturity cash payment based on the basket return with a 150% upside participation rate, a cap level of 130% (maximum settlement amount of $1,450 per $1,000), and a 10% downside buffer (no principal loss if final basket level declines up to 10%). The aggregate original face amount on issue was $1,697,000, original issue price was 100%, underwriting discount 1.75%, net proceeds 98.25%, and the estimated value at pricing was approximately $932 per $1,000 face amount.

GS Finance Corp. offers structured notes backed by a weighted equity index basket. The notes link to a basket weighted 65% to the S&P 500® Futures Excess Return Index, 25% to the MSCI EAFE Index and 10% to the MSCI Emerging Markets Index and include an automatic call feature.

Key economic terms set on the trade date include an initial basket level of 100, an upside participation rate of 269%, an expected call payment of $1,150 per $1,000 if the basket is >= initial level on the call observation date, an expected trade date of May 28, 2026, an expected call observation date of May 31, 2027 and an expected stated maturity date of May 28, 2031. The estimated value at issuance is between $885 and $925 per $1,000 face amount and payments remain subject to the issuer and guarantor credit risk.

GS Finance Corp. offers S&P 500®-linked automatic-call buffer notes guaranteed by The Goldman Sachs Group, Inc. The offering totals $4,775,000 of face amount with an original issue price of 100% of face amount and a net proceed to issuer of 98.25%. The notes pay no interest and include an automatic call feature: if the closing level of the S&P 500 on the call observation date is greater than or equal to the initial level, each $1,000 face amount will be redeemed at $1,098 on the call payment date.

If not called, the maturity payout is cash-settled based on the S&P 500 performance with a 125% upside participation rate, a 10% buffer (buffer level at 90% of the initial level) and a buffer rate of 100%. The notes may deliver less than face at maturity when the final level is below the buffer; examples show potential losses up to 67% of face in extreme scenarios. The notes are unsecured senior obligations under the GSFC 2008 indenture; investors bear issuer and guarantor credit risk.