GOLDMAN SACHS GROUP (GS) SEC Filings, May 20, 2026

GS Finance Corp. offers structured notes linked to the Nasdaq-100 Index under a Pricing Supplement dated May 18, 2026. The offering has an aggregate face amount of $1,261,000 and an original issue price equal to 100% of face amount. The notes pay no interest, carry a 138% upside participation rate, and feature an automatic call on May 21, 2027 if the closing level of the Nasdaq-100 is greater than or equal to the initial level. If called, holders receive $1,150 per $1,000 face amount; if not called, maturity payoff on May 22, 2031 depends on the final underlier level relative to the initial level and an 80% trigger buffer. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a May 2026 preliminary pricing supplement for Jump Securities with an auto-callable feature linked to the worst-performing of three State Street sector ETFs. The securities are unsecured notes with principal-at-risk, a stated principal amount of $1,000 per security, an expected original issue date of June 3, 2026, and an expected stated maturity date of June 4, 2032.

The product offers fixed call premiums if, on any call observation date, each underlying ETF closes at or above 90% of its initial ETF price; otherwise the securities remain outstanding and the maturity payout, if any, is based 1-to-1 on the worst-performing underlying ETF and could be zero. The pricing supplement shows an estimated value range of $880 to $940 and an underwriting discount of 3.50%.

The issuer GS Finance Corp. is offering 100,500 autocallable Contingent Coupon (with Memory) Barrier Notes linked to the Class A common stock of Coinbase Global, Inc., with a $10 principal amount per unit and an expected maturity of May 25, 2027 if not called. The notes pay a quarterly contingent coupon of $0.675 per unit (a 27.00% annualized contingent rate) when the Observation Value on a Coupon Observation Date is at or above the Coupon Barrier ($94.72), and are automatically called if the Observation Value on a Call Observation Date is at or above the Call Value ($189.44). At issuance the estimated value was approximately $9.69 per $10 principal and the public offering price is $10.00 per unit, with minimum initial purchase $100,000.

GS Finance Corp. is offering market-linked, auto-callable notes — Medium-Term Notes, Series F — linked to the common stock of SoFi Technologies, Inc., with payment features that depend on the underlying stock's quarterly closing prices. The securities carry a contingent coupon of $58.875 per $1,000 (equivalent to 23.55% per annum when paid) and a starting price of $15.71. The notes are guaranteed by The Goldman Sachs Group, Inc. and have an original offering price of $1,000 per security; the pricing supplement shows an estimated value of approximately $965 per $1,000 on the pricing date. If the notes are not auto‑called, principal at maturity depends on the final stock closing price relative to a downside threshold equal to 60% of the starting price, which can result in losses greater than 40% or total loss of principal. All payments are subject to GS Finance Corp. and Goldman Sachs credit risk.

The offered notes from GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., are contingent‑coupon, auto‑callable notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The offering aggregates $2,910,000 of face amount and was priced at 100% of face on a trade date of May 18, 2026 with an original issue date of May 21, 2026.

The notes pay a contingent monthly coupon of $9.625 per $1,000 (0.9625% monthly; potential up to 11.55% per annum) when each underlier is at or above 65% of its initial level on the coupon observation date. The notes are automatically called if, on any call observation date, each underlier is at or above its initial level; maturity is May 23, 2029. If not called, the cash settlement at maturity is based solely on the lesser performing underlier return, and investors may lose their entire investment if that return is sufficiently negative.

GS Finance Corp. offers $1,000-face leveraged buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide upside participation of 125% in positive S&P 500 performance capped at a maximum settlement amount of at least $1,242 per $1,000 face. If the S&P 500 finishes at or above 90% of its initial level, holders receive at least the face amount; if it finishes below the 90% buffer, investors suffer proportional losses (losses illustrated up to 67% of face in the examples). The trade date is May 28, 2026, original issue date June 2, 2026, determination date May 30, 2028 and stated maturity date June 2, 2028. The original issue price is 100% of face with underwriting discount 1.75% and net proceeds to issuer 98.25%. The notes are subject to issuer and guarantor credit risk, limited upside by the cap, model/pricing spreads above estimated value at issuance, uncertain tax treatment, and potentially illiquid secondary markets.

GS Finance Corp. prices $1,000‑face index‑linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and will return either the face amount at maturity or a capped positive payment equal to the maximum settlement amount of $1,177.50 per $1,000 face, depending solely on the performance of the lesser performing underlier (the Dow Jones Industrial Average, Nasdaq‑100 and Russell 2000) measured from the trade date to the determination date.

The trade date is May 29, 2026, original issue date June 3, 2026, determination date May 30, 2028 and stated maturity June 2, 2028. If every underlier finishes at or above its initial level you receive the capped $1,177.50 per $1,000; if any underlier has a negative return you receive the $1,000 face amount. The notes are unsecured senior debt of GS Finance Corp. and carry the issuer and guarantor credit risk of Goldman Sachs.

GS Finance Corp. is offering $20,000,000 of autocallable, contingent-coupon, index-linked notes due May 25, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay a monthly coupon of $6.542 per $1,000 (0.6542% monthly; up to ~7.85% per annum) only if each index closes at or above 70% of its initial level on a coupon observation date. The notes will be automatically called on a call payment date (beginning November 2026) if each index closes at or above 105% of its initial level on any call observation date; called notes pay principal plus the coupon then due. At maturity (if not called), repayment is based on the lesser performing index: if every index is >= 70% of its initial level on the determination date (May 18, 2029), holders receive principal plus any final coupon; if any index is < 70%, the cash settlement equals $1,000 times (1 + lesser performing index return), which can result in a principal loss (potentially well below 70% of face). The pricing supplement states an estimated model value of approximately $972 per $1,000 on the trade date and an original issue price of 100% with an underwriting discount of 3.918%.

GS Finance Corp. offers structured notes guaranteed by The Goldman Sachs Group, Inc. The notes link monthly coupons to the closing prices of AMD, Micron, Broadcom and Tesla, mature on May 27, 2031, and carry an automatic-call feature beginning in May 2027.

Each $1,000 face amount pays either a maximum coupon (formula based on $6.875 monthly increments) if all four stocks meet 80% trigger levels on an observation date, or a minimum coupon of $0.209 monthly. The issuer and guarantor credit risk and the notes' estimated initial value of $942 per $1,000 face amount are disclosed.