GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. is offering medium-term, non-interest-bearing notes linked to the S&P 500 Index with an aggregate face amount of $2,491,000. Each $1,000 face amount will pay at maturity either the face amount or a cash payment equal to $1,000 plus the underlier return, capped at a maximum settlement amount of $1,530 per $1,000. The notes trade date is April 30, 2026, original issue date May 5, 2026, and stated maturity is May 5, 2031, with the final underlier level determined on April 30, 2031. The notes are senior unsecured obligations of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc.; they do not bear interest and are subject to the issuer's and guarantor's credit risk. The prospectus states these instruments are treated as contingent payment debt instruments for U.S. federal income tax purposes; GS has determined a comparable yield of 4.79% per annum and a projected maturity payment of $1,271.32 per $1,000 for tax accruals.

GS Finance Corp. is offering principal-protected contingent coupon notes linked to the VanEck Oil Services ETF (initial level $448.24) and the State Street Energy Select Sector SPDR ETF (initial level $59.65). The notes mature on November 6, 2028 unless automatically called on observation dates beginning October 2026. Monthly coupons of $7.50 per $1,000 (0.75%) are payable only if both ETFs close at or above 70% of their initial levels on each coupon observation date. Automatic call occurs if both underliers close at or above their initial levels on any call observation date; called notes pay face amount plus the coupon on the related call payment date. If not called, final cash at maturity depends on the lesser performing ETF: full principal is returned if each ETF is >= 80% of initial (buffer level); reduced principal applies if the lesser performing ETF is between 70% and 80%; investors can lose more than 30% of principal if the lesser performing ETF is below 70% of its initial level. The pricing supplement shows an estimated initial value of approximately $963 per $1,000 face amount and an original issue price of 100% with a 2.75% underwriting discount.

The issuer, GS Finance Corp., is offering structured, non‑interest bearing notes linked to two ETFs: the iShares MSCI EAFE ETF (EFA) and the VanEck Gold Miners ETF (GDX). The notes have an expected trade date of May 15, 2026, an expected original issue date of May 20, 2026, and an expected stated maturity date of November 20, 2029. Notes are subject to an automatic call beginning on May 17, 2027 if both ETFs are at or above their initial levels on a call observation date, producing a capped call payment equal to principal plus a specified call premium. If not called, the maturity payment is based on the lesser performing ETF relative to its initial level with a trigger buffer at 70% and a capped maturity premium of 64.7514%. Estimated value on the trade date is expected to be between $915 and $955 per $1,000 face amount. Payments depend on issuer and guarantor creditworthiness and certain market‑event adjustments; tax treatment is characterized as a pre‑paid derivative contract.

GS Finance Corp. is offering $Buffered Russell 2000® Index-Linked Notes due 2031, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash payment at maturity depends on the performance of the Russell 2000® Index measured from the trade date to the determination date.

Key economic terms: upside participation of at least 100%, a buffer that protects the first 15% of decline (buffer level = 85% of the initial level), trade date May 29, 2026, original issue date June 3, 2026, determination date May 29, 2031, and stated maturity June 3, 2031. If the final underlier level is below the buffer level, holders lose value on a 1-for-1 basis beyond the buffer; if the final level is at or above the buffer but below initial, holders receive the face amount.

GS Finance Corp. is offering $1,000 face‑amount buffered digital equity‑linked notes linked to the common stock of Amazon.com, Inc. The notes pay no interest and on the stated maturity date will deliver either a capped cash payment (the maximum settlement amount, expected between $1,153 and $1,180 per $1,000 face) if the final underlier level is at or above the buffer level (85%), or a declining cash amount if the final underlier level is below 85%, with losses equal to approximately 1.1765% of face for each 1% decline below the buffer (buffer rate ≈ 117.65%). The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., subject to the issuer/guarantor credit risk, have a determination date and maturity roughly 13–15 months and a few business days apart, are not listed, and may have limited secondary‑market liquidity.

GS Finance Corp. is offering autocallable buffered notes linked to the Russell 2000® Index with an expected trade date of May 4, 2026, an original issue date expected to be May 7, 2026, and a stated maturity expected to be May 8, 2031. Each note has a $1,000 face amount.

The notes pay no interest, can be automatically called starting in May 2027 if the index closes at or above 90% of its initial level on a call observation date, and pay a capped call amount if redeemed. If not called, maturity payoffs depend on the final index level: a maximum cash settlement of $1,495 per $1,000 if the final level is ≥90% of initial; return of principal at levels between 85% and 90%; and scaled losses below 85% (buffer = 85%, buffer rate ≈ 117.65%), which can result in a total loss. The estimated value on the trade date is expected to be between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering structured, autocallable notes (guaranteed by The Goldman Sachs Group, Inc.) linked to an equally weighted basket of Broadcom, Meta Platforms, Micron and Palantir. Each note has a $1,000 face amount reference, monthly coupon of $10 if the basket is >=80% on observation dates, automatic call beginning May 2027 if the basket reaches the initial level (100), and a stated maturity expected to be May 22, 2031. At maturity, if the final basket level is below 80% the investor bears losses linearly below the buffer; estimated model value on trade date is $885–$925 per $1,000 face amount.

GS Finance Corp. is offering principal-at-risk, automatically callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER (Bloomberg: SPAR4V6). The notes have an expected trade date of May 26, 2026, an expected original issue date of May 29, 2026 and an expected stated maturity of June 3, 2031. For each $1,000 face amount, a monthly coupon of $12.50 (1.25% monthly, up to 15% per annum) is payable only if the index closing level on the coupon observation date is at or above 60% of the initial underlier level.

If the notes are automatically called on any call observation date, holders receive the face amount plus the coupon on the related call payment date; if not called, the cash settlement at maturity depends on the underlier return. The index applies up to 500% leverage, a daily decrement of 6.0% per annum, and caps daily leverage changes at 100%, which can materially affect performance. The estimated value at issuance is between $885 and $935 per $1,000 face amount.

GS Finance Corp. is offering market-linked, auto-callable medium-term notes due May 18, 2029 linked to the common stock of Oracle Corporation. Each $1,000 face security may pay a contingent coupon (at least $12.292 per $1,000, ~14.75% per annum) monthly if the stock meets the coupon threshold of 70% of the starting price. The notes are auto-callable on monthly call dates beginning November 2026 if the stock closing price is at or above the starting price. If not called, principal at maturity depends on the ending price versus a downside threshold equal to 80% of the starting price and includes a 20% buffer; investors have 1-to-1 exposure below the buffer and will not participate in upside or dividends. Original offering price is $1,000 and the estimated value at pricing is between $890 and $920 per $1,000 face amount.