GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. offers two separate tranches of Buffered Index‑Linked Notes guaranteed by The Goldman Sachs Group, Inc., each linked to a single index (the S&P 500® or the Russell 2000®).

Each note pays no interest, has a 100% participation rate, a 15% buffer (buffer level 85% of initial), and a cap (at least 175% for S&P and 205% for Russell) that limits upside to a stated maximum settlement amount. Trade date, original issue date, determination date and stated maturity are set on the trade date; expected trade date is May 26, 2026, original issue date May 29, 2026, determination date expected May 27, 2031, and stated maturity expected May 30, 2031. The pricing supplement discloses that the estimated value at term‑setting will be lower than the original issue price and emphasizes the notes' credit risk, discretionary calculation agent adjustments, potential for substantial principal loss, limited secondary market liquidity, and uncertain U.S. tax treatment.

GS Finance Corp. is offering leveraged callable index-linked notes due expected May 13, 2031, guaranteed by The Goldman Sachs Group, Inc. Payments are linked to the lesser-performing of the S&P 500® and Nasdaq-100® indexes. The notes pay no interest; the upside participation rate is 200% and a 50% trigger buffer level protects principal only if final index levels remain at or above 50% of initial levels. The issuer may redeem on monthly call payment dates beginning May 2027 through May 2028 for capped call premiums (ranging from 12.75% to 25.5%). Estimated model value at trade date is between $885 and $925 per $1,000 face amount. Holders are exposed to the credit risk of GS Finance Corp. and the guarantor and could lose their entire investment if the lesser-performing index falls below the trigger buffer.

GS Finance Corp. priced an autocallable contingent coupon equity-linked note linked to Chipotle Mexican Grill, Inc. stock with an initial underlier level of $33.99. The notes pay a contingent quarterly coupon of $38.625 per $1,000 (3.8625% quarterly; up to 15.45% per annum) when the underlier meets a 65% trigger. Notes are automatically called if the underlier is ≥ the initial level on a call observation date. If not called, maturity cash is cash-settled: investors receive $1,000 if the final level is ≥ the 65% trigger buffer, otherwise they suffer losses equal to the underlier return times $1,000—potentially losing their entire investment. Trade date: May 1, 2026; original issue date: May 6, 2026; stated maturity: May 4, 2027.

GS Finance Corp. is offering principal-protected contingent coupon notes linked to the VanEck Semiconductor ETF (SMH) with a stated maturity expected to be March 5, 2029. Each $1,000 note may pay a quarterly coupon of at least $38.75 (3.875% quarterly) only if the ETF closing level on an observation date is at least 80% of the initial ETF level. If not redeemed early, at maturity you receive $1,000 if the final ETF level is >= 80% of the initial level, or a reduced cash settlement that applies a 20% buffer if the ETF return is below that threshold. The issuer may redeem notes on coupon dates commencing December 2026 through December 2028 at 100% plus any coupon then due. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and subject to their credit risk. The trade date is expected to be May 29, 2026 and original issue date June 3, 2026. The pricing models estimate the notes' value at issuance between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering leveraged EURO STOXX 50® Index-Linked Notes due 2026, fully guaranteed by The Goldman Sachs Group, Inc. Payment at maturity depends on the underlier return from the trade date to the determination date. For each $1,000 face amount, if the final level exceeds the initial level you receive $1,000 plus participation (expected 137%–161%) times the underlier return; if the final level is equal or lower you receive $1,000 plus the underlier return (which can result in a loss up to the full investment). The notes pay no interest, are cash-settled, subject to issuer and guarantor credit risk, may not trade actively, and carry U.S. federal tax characterization uncertainty.

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 at maturity provide a cash payment per $1,000 face amount based on S&P 500 performance: 200% upside participation capped at a maximum settlement amount of $1,220, a buffer of 10% (buffer level 90%), trade date May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028, and stated maturity June 2, 2028. If the final index level falls more than 10% below the initial level, investors lose proportionally of principal; if it falls but not more than 10%, investors receive the face amount. Terms, pricing and original issue price will be set on the trade date and are subject to the prospectus supplements and general terms referenced in this pricing supplement.

The pricing supplement offers GS Finance Corp. leveraged buffered notes linked to the S&P 500® Futures Excess Return Index with a stated maturity of May 30, 2031. Each $1,000 face amount returns either (a) $1,000 plus 158.2%+ of the underlier return if the final level is above the initial level, (b) $1,000 if the final level is between the initial level and the 70% buffer level, or (c) a reduced cash payment that declines 1% per 1% the underlier is below the buffer (buffer amount 30%, buffer rate 100%). The notes pay no interest, are cash-settled, and are unsecured senior obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc. The offering price exceeds the notes’ model-derived estimated value; market liquidity and secondary market prices may be limited.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering S&P 500® Index-Linked Notes due 2028. Each $1,000 note pays at maturity either the face amount or a cash payment tied to the S&P 500 return, capped at a maximum settlement amount of $1,145. The notes do not pay interest. Key dates: trade date May 29, 2026; original issue date June 3, 2026; determination date May 30, 2028; stated maturity June 2, 2028. If the final index level is greater than the initial level, you receive $1,000 plus the index return up to the cap; if equal or lower, you receive $1,000. The notes rely on the issuer and guarantor creditworthiness, are taxable as contingent payment debt instruments for U.S. federal income tax purposes, carry limited secondary-market liquidity, and do not confer any rights in the underlying stocks.

GS Finance Corp. offers Autocallable Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the Nasdaq-100 and Russell 2000, include annual automatic call observations, and pay cash at maturity based on the lesser performing underlier. The notes have a trigger buffer level of 80% of an underlier's initial level, a stated maturity date of June 5, 2029, a determination date of May 29, 2029, and a disclosed maturity date premium amount of at least 40.50%. The notes do not bear interest and are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.; if the final level of any underlier is below its trigger buffer level investors may lose up to their entire investment.