GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. offers $739,000 aggregate face amount of callable Dow Jones Industrial Average Futures Excess Return Index‑linked notes due May 5, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest, have an initial underlier level of 527.965, and pay at maturity an indexed cash settlement that uses a 235% upside participation rate with an 80% buffer.

Holders receive for each $1,000 face amount either (a) $1,000 plus 2.35 times the percentage index gain if the final level is above the initial level, (b) $1,000 if the final level is between 80% and 100% of the initial level, or (c) a reduced payment if the final level is below 80% of the initial level. The issuer may redeem the notes on specified monthly call payment dates beginning May 2027 at capped call premiums. The estimated value on the trade date was approximately $962 per $1,000 face amount.

GS Finance Corp. is offering leveraged buffered notes linked to the EURO STOXX 50® Index that mature in May 29, 2031. For each $1,000 face amount, payment at maturity depends on the index return: positive participation at an upside participation rate (at least 152.7%), full return of principal if the final level is within the 20% buffer, and pro rata losses if the final level falls more than 20% below the initial level. The notes pay no interest, are senior debt of GS Finance Corp. and are unconditionally guaranteed by The Goldman Sachs Group, Inc. The tax treatment is uncertain and the notes are subject to issuer and guarantor credit risk.

GS Finance Corp. priced Market Linked Securities (Medium-Term Notes, Series F) linked to the S&P 500® Index. The securities have a $1,000 face amount, original offering price of $1,000 and maximum maturity payment of $1,231 reflecting a 23.10% contingent fixed return. They mature on November 2, 2028 (calculation day October 30, 2028) and include a 10% buffer: declines up to 10% preserve principal; larger declines produce 1-to-1 losses (investors may lose up to 90% of face amount). All payments are subject to issuer/guarantor credit risk and there is no periodic interest or dividends.

GS Finance Corp. priced contingent monthly coupon notes (face amount $4,078,000) that pay monthly coupons of $10.209 per $1,000 if each underlier is >= 70% of its initial level on observation dates. If not redeemed, maturity payout depends on the lesser performing underlier, capped at $1,000 per $1,000 and potentially resulting in a total loss of principal. The issuer may redeem notes on coupon payment dates beginning August 2026. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and carry underwriting costs (0.725%) reflected in the issue price of 100%.

The pricing supplement offers Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of Advanced Micro Devices, Inc. Expected pricing is on or about May 8, 2026 with an original issue date of May 13, 2026 and a stated maturity date of May 11, 2029. Each $1,000 security may pay a contingent quarterly coupon (product of at least $42.5 times observed dates less prior coupons) only if the underlying stock closing price on coupon observation dates is greater than or equal to the downside threshold, which equals 50.00% of the initial share price. Securities are auto‑callable if the closing price on any call observation date is greater than or equal to the initial share price; if not called, payment at maturity is $1,000 if final share price is at or above the downside threshold, or $1,000 × (final share price/initial share price) if below, exposing principal to loss. Estimated value range is $905 to $965 per security; underwriting discount is 2.25%.

GS Finance Corp. is offering auto-callable, market-linked medium-term notes due May 7, 2027 linked to the Class A common stock of Oklo Inc. The notes have a $1,000 face amount per security, a contingent monthly coupon (at least $35 per $1,000, or 42.00% per annum) and an automatic-call feature beginning November 2026. Whether coupons are paid, whether the notes are called, and whether investors receive principal at maturity depends on monthly calculation-day closing prices relative to a starting price; both the coupon threshold and downside threshold equal 60% of the starting price. The estimated model value at pricing is between $900 and $930 per $1,000 face amount; the original offering price is $1,000, and underwriting discounts reduce proceeds to issuer to $984.25 per security.

GS Finance Corp. is offering S&P 500® Index‑Linked Notes due May 31, 2030, fully guaranteed by The Goldman Sachs Group, Inc. Each note has a face amount of $1,000 and pays at maturity either the face amount (if the underlier return is zero or negative) or $1,000 × the underlier return up to a maximum settlement amount of at least $1,278. The trade date is May 26, 2026 with original issue date May 29, 2026 and a determination date of May 28, 2030. The notes do not pay interest and will be cash‑settled based on the S&P 500® Index closing level. Investors bear credit risk of the issuer and guarantor, potential limited secondary‑market liquidity, and current tax treatment as contingent payment debt instruments.

GS Finance Corp. priced S&P 500® Absolute Return Trigger notes, guaranteed by The Goldman Sachs Group, Inc. The notes are zero-coupon, $1,000 face amount instruments linked to the S&P 500 return measured from the expected trade date May 29, 2026 to the expected determination date May 30, 2028, with an expected stated maturity of June 2, 2028. If the final index level is outside the barrier range (below 80% or above 120% of the initial level), a barrier event occurs and holders receive a contingent return of at least 6% (at least $1,060 per $1,000). If no barrier event occurs, holders receive $1,000 plus $1,000 times the absolute underlier return, capped at 20% (maximum $1,200 per $1,000). The issuer discloses an estimated note value at pricing between $925 and $965 per $1,000 face amount and warns of issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. is offering $Autocallable Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® and S&P 500® indices and pay no interest. The notes include an automatic call feature: if each underlier's closing level on the call observation date is at or above its initial level, the issuer will pay at least $1,130 for each $1,000 face amount on the call payment date.

If not called, the maturity cash settlement depends solely on the lesser performing underlier. The notes feature a 200% upside participation rate; a 15% buffer (buffer level at 85% of initial) and a buffer rate of 100% that determine losses if the lesser underlier falls below the buffer. Key dates: trade date May 29, 2026, original issue date June 3, 2026, call observation date June 1, 2027, determination date May 30, 2028, stated maturity June 6, 2028.