GOLDMAN SACHS GROUP INC (GS) SEC Filings, May 12, 2026

GS Finance Corp. offers autocallable S&P 500® Index‑Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date for a fixed 110% call payment per $1,000 face amount, and provide upside participation of at least 200% if held to maturity. If not called, the cash settlement at maturity depends on the final underlier level versus a 90% buffer level; downside exposure can result in substantial loss, including loss of the entire investment. Trade date is May 15, 2026 and original issue date is May 20, 2026. The offering price is 100% of face amount, with an underwriting discount of 1.5% and net proceeds to the issuer of 98.5% of face amount.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering principal-protected structured notes linked to the common stocks of Microsoft, Tesla, Palantir and Oracle. The notes mature on May 29, 2031 (expected) and include monthly coupon payments that pay either a $7.292 maximum or a $0.209 minimum per $1,000 face amount depending on each index stock's performance relative to preset trigger prices. The notes are subject to automatic early redemption if, on a call observation date, each index stock closes at or above 90% of its initial price. The calculation agent (Goldman Sachs & Co. LLC) has discretion over price determinations, observation date postponements and anti-dilution adjustments. The estimated value on the trade date is quoted between $885 and $935 per $1,000 face amount; investors bear issuer and guarantor credit risk and may only receive the minimum coupon each period.

GS Finance Corp. is offering callable, buffered S&P 500® Futures Excess Return Index‑linked notes due May 28, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 200% and a buffer equal to 20% (buffer level 80% of the initial underlier). The notes may be redeemed at the issuer’s option on scheduled call payment dates beginning June 3, 2027, with varying call premium amounts. Redemption limits investor upside on call dates; if not redeemed, final payment depends on the S&P 500® Futures Excess Return Index performance between the trade date (expected May 22, 2026) and the determination date (expected May 22, 2031). Estimated value at pricing is between $885 and $925 per $1,000 face amount, which is below the original issue price of 100%. Payments are subject to the credit risk of GS Finance Corp. and its guarantor. Tax treatment is expected to be as a pre-paid derivative contract, but U.S. federal tax characterization is uncertain.

GS Finance Corp. is offering autocallable contingent-coupon equity-linked notes linked to CrowdStrike Holdings, Inc. (CRWD). The notes pay a contingent quarterly coupon only if the underlier meets a 75% trigger and will be automatically called if the underlier equals or exceeds its initial level on any call observation date.

The notes return principal at maturity only if the final underlier level is at or above a 75% buffer; otherwise repayment is reduced by a formula that can produce a total loss of principal. Trade date is May 15, 2026, original issue date May 20, 2026, and stated maturity June 4, 2027. The notes are senior debt of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due February 28, 2030. The notes pay interest at 5.00% per annum from and including the expected original issue date of May 29, 2026 and are expected to make annual interest payments each May 29, beginning May 29, 2027. The issuer may redeem the notes in whole, but not in part, on scheduled redemption dates (including the last day of each February and specified calendar dates in May, August and November) upon at least five business days’ prior notice at a redemption price equal to 100% of principal plus accrued interest.

Notes will be issued in book‑entry form through DTC. Tax discussion highlights ordinary interest treatment for U.S. holders and potential FATCA withholding. Distribution is via Goldman Sachs & Co. LLC and InspereX LLC with varying initial prices to certain retirement and fee‑based accounts.

GS Finance Corp. is offering non‑interest bearing, equity‑linked notes tied to the common stock of NVIDIA Corporation with an automatic call feature and a maturity expected to be May 18, 2028. Each note has a face amount of $1,000 and may be automatically called on the call observation date (expected May 28, 2027) if the closing price of the index stock is greater than or equal to the initial index stock price, producing a minimum call payment of $1,240.5 per $1,000 face amount. If not called, maturity payment depends on the index stock return measured from the trade date (expected May 15, 2026) to the determination date (expected May 15, 2028), with a buffer protecting declines up to 20% but exposing holders to a 125% buffer rate beyond that, so losses may exceed the face amount and you could lose your entire investment. The threshold settlement amount is $1,481. The estimated value on the trade date is between $900 and $930 per $1,000 face amount and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering equity‑linked, non‑interest bearing notes tied to the Class A common stock of Toast, Inc. with an aggregate face amount of $400,000. The notes mature on November 12, 2027 and pay a cash settlement based on the index stock return measured from the initial index stock price of $29.38 set on May 7, 2026 to the final closing price on the determination date (November 8, 2027).

If the final index stock price is at least 70% of the initial price, holders receive a capped threshold settlement of $1,446.5 per $1,000 face amount. If the final index stock price declines by more than 30%, holders suffer full downside equal to the index stock return and may lose their entire investment. The prospectus notes an estimated value at issuance of approximately $925 per $1,000 face amount and discloses underwriting terms and credit, market‑liquidity, tax and anti‑dilution risks.

The Goldman Sachs Group, Inc. is offering Callable Fixed Rate Notes due May 13, 2041 that pay interest at 5.65% per annum from and including the original issue date (expected May 29, 2026) to but excluding maturity. Interest is payable annually on each May 29, with the first payment expected May 29, 2027. The notes are callable at the issuer’s option in whole, but not in part, on specified redemption dates beginning on or after November 29, 2028, with at least five business days’ prior notice and a redemption price equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form through DTC. Tax and distribution rules, FATCA withholding, and various jurisdictional selling restrictions are described; initial price to public, underwriting discounts, and aggregate offering amounts are not stated in the provided excerpt.

The issuer, GS Finance Corp. is offering notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER with a stated maturity of May 15, 2031 and an automatic call window beginning in May 2027. Coupons of $17.50 per $1,000 observation increment (1.75% quarterly; up to 7% per annum) are paid only if the index on an observation date is ≥ 75% of the initial underlier level of 507.65. The index applies volatility-targeted leverage (up to 500%), a daily cap on leverage change (100%), and a daily decrement equal to 6.0% per annum, which reduces index performance. The notes’ estimated value on the trade date was approximately $974 per $1,000 face amount and original issue price is $1,000. Payments are subject to the issuer’s and guarantor’s credit risk and to the index methodology; the notes may pay no coupons and may be called early.