GOLDMAN SACHS GROUP (GS) SEC Filings, May 21, 2026

GS Finance Corp. is offering medium-term structured notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have an aggregate face amount of $734,000, a stated maturity of May 22, 2031, and automatic annual call features beginning in May 2027 if the index meets rising call levels. If not called, maturity payoff per $1,000 face amount equals $1,000 plus upside participation of 100% times the index return when the final index level exceeds the initial index level; otherwise investors receive the face amount. The index uses daily rebalancing, volatility and momentum controls and is subject to a 0.65% per annum deduction (accruing daily). The estimated value on the trade date was $938 per $1,000 face amount and includes an additional amount of $62 that declines to zero by August 18, 2026. These notes do not bear interest and are subject to issuer and guarantor credit risk.

GS Finance Corp. offers medium-term notes linked to the iShares MSCI EAFE ETF (EFA). For each $1,000 face amount, holders receive either the face amount at maturity or, if the final underlier level exceeds the initial level, $1,000 plus the underlier return subject to a maximum settlement amount of $1,309.50. The notes pay no interest, are guaranteed by The Goldman Sachs Group, Inc., and carry issuer and guarantor credit risk. Key dates include a trade date of May 19, 2026, original issue date May 22, 2026, a determination date of May 21, 2029, and stated maturity of May 24, 2029. The pricing shows an underwriting discount of 1% and net proceeds equal to 99% of face amount. For U.S. tax purposes the notes are treated as contingent payment debt instruments with a comparable yield of 4.81% per annum.

GS Finance Corp. is offering $Callable Contingent Coupon Index-Linked Notes due June 1, 2029 guaranteed by The Goldman Sachs Group, Inc. The notes pay a contingent monthly coupon of $8.709 per $1,000 (approx. 0.8709% monthly; up to ~10.45% annually) when each underlier is at or above 70% of its initial level on the related observation date. If not redeemed, principal repayment at maturity depends solely on the performance of the lesser performing underlier (Nasdaq-100, Russell 2000, S&P 500) relative to a 70% trigger buffer; losses can equal the lesser performing underlier return (you may lose your entire investment). The issuer may redeem the notes on coupon payment dates beginning December 2026 through May 2029, returning $1,000 per note plus any then-due coupon.

GS Finance Corp. is offering structured, non‑interest notes linked to a weighted basket (65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE, 10% MSCI Emerging Markets) with an expected trade date of May 28, 2026, an expected original issue date of June 2, 2026, an expected call observation date of June 4, 2027, and an expected stated maturity of June 2, 2031.

The notes pay no periodic interest and may be automatically called on the call observation date for $1,150 per $1,000 face amount if the basket closing level is greater than or equal to the initial basket level (100). If not called, the maturity payoff depends on the basket return: up to 200% upside participation when positive, principal preserved if the final basket level is at or above 65% of initial, and downside exposure below that buffer (potential loss of substantial or all principal).

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes due June 8, 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Class C common stock of Dell Technologies Inc. ("DELL UN"). Coupons are monthly and paid only if the underlier's closing level on an observation date is at or above 50% of the initial level. The notes will be automatically called if the underlier closes at or above the initial level on any call observation date. At maturity, if not called, payment per $1,000 face amount is $1,000 if the final underlier level is at or above the 50% trigger buffer; otherwise payment equals $1,000 plus $1,000 times the underlier return, which could result in the loss of the entire investment.

The pricing supplement describes offered notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The offering has an aggregate face amount of $2,841,000 and $1,000 face amount per note. The notes pay no interest and mature on June 21, 2027, with the final cash payment determined from the arithmetic average of the S&P 500 closing level on ten averaging dates in June 2027, measured from an initial underlier level of 7,501.24 set on May 14, 2026.

At maturity the holder receives: (1) if the final underlier level is above the initial level, a positive return equal to the 150% upside participation rate of the underlier return subject to a $1,131.50 maximum settlement amount; (2) if the final level is between the initial level and the 90% buffer level, the face amount of $1,000; or (3) if the final level is below the buffer level, a loss equal to the decline beyond the buffer (buffer amount 10%, buffer rate 100%), which can materially reduce principal. The notes are part of the Medium-Term Notes, Series F program and are subject to the issuer and guarantor credit risk, limited secondary-market liquidity, distribution conflicts of interest, and uncertain U.S. federal income tax treatment.

GS Finance Corp. priced a two-year market-linked note tied to the S&P 500® Index. The notes have an aggregate face amount of $3,744,000 and pay no interest. At maturity you receive a cash payment per $1,000 face amount that depends on the index performance, subject to a $1,275 cap and an 85% buffer level.

If the final index level is at or above the initial level you receive the index return up to the cap. If the final level is down but within the 15% buffer you receive the absolute decline as a positive return. If the final level is more than 15% below the initial level you suffer a proportional loss of principal. Trade date is May 19, 2026, original issue date May 22, 2026, determination date May 19, 2028, and stated maturity May 24, 2028.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering medium‑term, principal‑at‑risk notes linked to the S&P 500 Index. Each $1,000 face amount will pay no interest and will settle in cash at maturity on November 24, 2028 (determination date November 20, 2028), with payoff determined by the S&P 500 final level versus an 80% buffer. If the final underlier level is ≥ the buffer level, holders receive a capped maximum settlement amount of $1,184 per $1,000; if below the buffer level, losses are linear at 1% of face for each 1% decline below the buffer (after applying the 20% buffer mechanism). The notes are issued at 100% of face, carry an underwriting discount of 0.8%, and do not bear interest. Cash‑flow treatment and tax characterization are described in the supplement; purchase and resale liquidity and issuer/guarantor credit risk apply.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to shares of Seagate Technology Holdings plc, Freeport-McMoRan Inc. and Morgan Stanley. The notes pay monthly coupons subject to monthly observation tests, may be automatically called beginning May 2027, and mature expectedly on June 5, 2029. Coupons on each $1,000 face amount equal $14.75 times qualifying observation count (1.475% monthly, up to 17.7% per annum) subject to prior payments and a 60% coupon trigger price. At maturity unpaid principal depends on whether a trigger event (each final index stock price below its initial price) has occurred, with downside exposure to the lesser performing index stock and a buffer at 80% of initial prices. The estimated value at the trade date is expected to be between $925 and $965 per $1,000 face amount. The notes are unsecured obligations subject to issuer and guarantor credit risk.