Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering $1,095,000 aggregate face amount of autocallable, zero‑coupon notes linked to the Russell 2000® Futures Excess Return Index. The notes pay $1,150 per $1,000 if automatically called on May 3, 2027. If not called, maturity payment on Apr 24, 2031 depends on index performance: positive index returns pay 2.85× participation, declines up to 40% return principal, declines beyond 40% cause proportional losses (potentially full loss). Estimated value at pricing: approximately $967 per $1,000 face amount. The notes are unsecured, guaranteed by The Goldman Sachs Group, Inc. and subject to issuer/guarantor credit risk and limited historical data for the underlier.

GS Finance Corp. is offering structured notes maturing on May 1, 2028, linked to three stocks: Zeta Global Class A, Oscar Health Class A and NIKE Class B. Notes pay a monthly coupon only if each index stock meets 50% trigger levels and may be automatically called beginning October 2026 if each stock is at or above its initial price.

Each $1,000 note’s monthly coupon accrues at $23.334 per coupon observation (2.3334% monthly) subject to prior payments; final principal at maturity depends on the lesser performing index stock with a 50% downside buffer. Trade date: April 24, 2026; original issue date: April 29, 2026. Estimated model value at pricing was ~$906 per $1,000; issue price = 100% ($1,000) with underwriting discount 3.3% (net proceeds 96.7%).

GS Finance Corp. is offering callable notes due April 29, 2032 linked to the Invesco QQQ, Series 1 ETF (ticker QQQ). The notes pay no interest and, at maturity, return for each $1,000 face amount either (a) $1,000 plus 100% of the ETF return if the final ETF level exceeds the initial level of $663.88, or (b) $1,000 if the ETF return is zero or negative. The issuer may redeem the notes on monthly call payment dates beginning April 29, 2027 through March 2032 at 100% of face plus a specified call premium (scheduled per the supplement). The estimated value on the trade date was approximately $939 per $1,000 face amount; original issue price is 100% of face with a 3.75% underwriting discount (net proceeds 96.25%). Payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers contingent monthly‑coupon, auto‑callable notes linked to Constellation Energy Corporation common stock, guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $2,191,000, an initial underlier level of $313.53, a coupon trigger and trigger buffer equal to 56% of the initial level, a monthly contingent coupon of $13.542 per $1,000 face amount (approximately 16.25% annualized potential), and a stated maturity of May 27, 2027. The notes pay the final cash settlement at maturity based on underlier performance and are subject to an automatic call if the underlier closes at or above the initial level on any call observation date; investors may lose their entire investment if the final underlier level is below the trigger buffer level.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering notes linked to the S&P 500 Index with an aggregate face amount of $560,000. The notes pay no interest, have a 100% upside participation rate and include an automatic call feature: if the closing level of the S&P 500 on the call observation date (April 24, 2028) is greater than or equal to the initial level, each $1,000 face amount will be redeemed for $1,160 on the call payment date (May 1, 2028).

If not called, maturity is on May 1, 2031. At maturity the cash settlement depends on the final underlier level versus the initial level and an 80% buffer level: gains above the initial level receive 100% participation; declines below 80% expose investors to losses calculated using the 100% buffer rate and 20% buffer amount, potentially resulting in large losses of principal.

GS Finance Corp. priced Callable Contingent Coupon Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc., with an aggregate original face amount of $954,000 and an original issue price of 100%. The notes pay conditional monthly coupons of $5.834 per $1,000 (≈0.5834% monthly; up to ~7% per annum) only if each of the Russell 2000®, Nasdaq-100® and S&P 500® closing levels on a coupon observation date is ≥ 60% of its initial level. The notes may be redeemed by the company on monthly coupon dates beginning in October 2026 at 100% of face plus any coupon then due. At maturity (April 30, 2029), if not redeemed, the cash settlement depends on the lesser performing index versus specified buffer levels (notably a 62% trigger buffer and 60% coupon trigger), exposing holders to principal loss below those thresholds. The estimated value at pricing was approximately $955 per $1,000 face amount and the underwriting discount is 3%.

GS Finance Corp. is offering $2,000,000 aggregate of Bearish Autocallable Absolute Return S&P 500® Index-Linked Notes due May 27, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest; estimated value at trade date was $977 per $1,000 face amount and the original issue price is 100%. The notes are automatically called if the S&P 500 closing level on any call observation date falls below 65% of the initial level (initial index level 7,165.08). If not called, a final index decline between 0% and -35% produces a positive cash payoff equal to the absolute index decline (capped at 35%); index returns ≥0% or < -35% result in return of principal only. Trade date is April 24, 2026; determination date is May 24, 2027 (subject to market disruption rules). The offer includes an underwriting discount of 0.65% and net proceeds to issuer of 99.35% of face amount.

GS Finance Corp. offers structured, auto-callable notes maturing May 1, 2031. Each note has a $1,000 face amount and pays a monthly coupon of $8.875 per $1,000 when each referenced stock’s closing price on a coupon observation date is at least 70% of its initial price. The notes reference Tesla, Broadcom, Amazon, American Electric Power and NVIDIA and will be automatically called if, on any call observation date, each index stock is at or above its initial price. Trade date was April 24, 2026 and original issue date is April 29, 2026. The aggregate initial face amount was $688,000; issue price 100%, underwriting discount 1.125%, and net proceeds 98.875%. The estimated value on the trade date was approximately $975 per $1,000 face amount.

GS Finance Corp. is offering digital equity-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc., with payoff linked to the common stock of Micron Technology, Inc. (Bloomberg: "MU UW"). Each note has a $1,000 face amount and does not bear interest. The initial underlier level is $524.56 (set on April 27, 2026); the determination date is May 1, 2028 and the stated maturity is May 4, 2028, each subject to adjustment. If the final underlier level is greater than or equal to the trigger buffer (50% of the initial level), the holder receives the capped maximum settlement amount of $1,568 per $1,000 face amount. If the final level is below the trigger buffer, the cash payoff equals $1,000 plus $1,000 times the underlier return, and holders can lose up to their entire investment. The supplement discloses that the original issue price exceeds the notes' estimated model value and that market value, liquidity, and tax treatment are subject to multiple risks and uncertainties.