Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering $2,000,000 face amount of buffered, capped S&P 500® linked principal-at-risk notes due April 7, 2027, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and provide up to a maximum settlement of $1,106.50 per $1,000 if the final index level on the determination date is at or above the buffer level (90% of the initial level). If the final index level is below the buffer level, holders lose approximately 1.1111% of face amount per 1% decline below the buffer and could lose their entire investment. Key economics include an initial underlier level of 6,606.49, trade date March 20, 2026, original issue price 100% of face amount, underwriting discount 1% and net proceeds to issuer 99%. The offering is subject to the issuer and guarantor credit risk and additional terms in the referenced prospectus supplements.

GS Finance Corp. offers medium-term notes linked to Constellation Energy common stock, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate face amount of $4,507,000 and a $1,000 face amount per note. The cash payment at maturity (stated maturity date April 7, 2027) is determined by the final underlier level on the determination date (April 2, 2027) versus a 75% buffer level. If the final underlier level is at or above the buffer level, holders receive the maximum settlement amount of $1,198 per $1,000 face amount; if below the buffer level, the payout declines roughly 1.3333% of face for each 1% decline below the buffer and investors could lose their entire investment. The notes do not pay interest, were issued at 100% of face with a 1% underwriting discount (net proceeds 99%), and are subject to issuer and guarantor credit risk and limited secondary-market liquidity.

GS Finance Corp. offers leveraged S&P 500® Futures Excess Return Index‑linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and settle in cash at maturity. If the final underlier level exceeds the initial level, holders receive the face amount plus 119.5% times the underlier return; if the final underlier level is equal to or below the initial level, holders receive the face amount. Trade date is April 8, 2026, original issue date is April 13, 2026, determination date is April 8, 2031 and stated maturity date is April 11, 2031 (each subject to adjustment as described in the supplement). The underlier is the S&P 500® Futures Excess Return Index, which tracks E‑mini S&P 500 futures rather than the cash S&P 500® Index, and the notes are exposed to issuer and guarantor credit risk.

GS Finance Corp. offers $1,007,000 aggregate face amount of buffered notes due March 23, 2028, guaranteed by The Goldman Sachs Group, Inc. The cash payment at maturity is linked to the Invesco S&P 500® Equal Weight ETF (initial level $190.48 on March 20, 2026) and is subject to a 115% cap (maximum settlement $1,150 per $1,000). The notes provide a 15% buffer (buffer level = 85% of the initial level) such that modest declines up to 15% produce a positive absolute return, while larger declines result in losses equal to the ETF return plus 15%. The estimated value on the trade date was approximately $958 per $1,000; original issue price is 100%, underwriting discount 3.25%, net proceeds 96.75%.

The notes pay no interest and expose holders to issuer/guarantor credit risk, market‑timing risk tied to the determination date (March 20, 2028), potential tax uncertainties including Section 1260 treatment and FATCA, and limited secondary‑market liquidity.

GS Finance Corp. is offering non-interest-bearing, automatic-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The initial aggregate face amount is $2,000,000 with an original issue date of March 25, 2026 and stated maturity of March 22, 2033. The initial index level is 110.48 and the estimated value at pricing was approximately $956 per $1,000 face amount. Notes pay the maximum settlement amount of $1,875 per $1,000 if the final index level is ≥99% of the initial level, and are automatically redeemed on specified semiannual call observation dates beginning in March 2027 if the index closes at least 101.25% of the initial level. The index methodology includes daily rebalancing, a 5% volatility control, momentum-based cash allocations, and a 0.65% per annum deduction accruing daily; significant allocations to hypothetical cash positions are possible. The notes are unsecured obligations of GS Finance Corp. guaranteed by The Goldman Sachs Group, Inc.; payments are subject to issuer and guarantor credit risk.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., priced a $15,315,000 issue of Contingent Income Callable Securities due March 23, 2028. Each $1,000 security pays a $40 contingent quarterly coupon if all three underlying indexes remain at or above 75% of their initial values during the prior observation period; otherwise the coupon for that quarter is $0.

If not redeemed, maturity pays $1,000 if all final index values are at or above the 75% downside thresholds; otherwise payment equals $1,000 times the worst performing index performance factor (could be $0). The issuer may redeem at par on coupon dates from June 25, 2026 through December 23, 2027. Estimated value at pricing was approximately $969 per $1,000; original issue price shows a 2.00% underwriting discount.

GS Finance Corp. is offering callable notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes mature on March 25, 2031 unless automatically called on an observation date between June 2026 and February 2031 when the underlier is ≥ the initial level of 394.46. Monthly observation dates begin April 20, 2026.

For each $1,000 face amount, a coupon of $13.334 will be paid on an applicable payment date only if the index closing level on the related observation date is at least 60% of the initial level. The index applies a 6% per annum daily decrement and may use up to 500% leverage; the estimated value at pricing was approximately $950 per $1,000 face amount. Original issue price is 100% with an underwriting discount of 0.9% and aggregate face amount $509,000.

GS Finance Corp. offers structured medium-term notes guaranteed by The Goldman Sachs Group, Inc., linked to the Nasdaq-100 Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The notes have an aggregate face amount of $423,000, an original issue price of 100% of face and pay a contingent monthly coupon of $6.667 per $1,000 (0.6667% monthly, ~8.00% per annum potential) only if each underlier meets a coupon trigger level of 70% of its initial level on the observation date. The notes mature on March 25, 2030 with a cash settlement tied solely to the lesser performing underlier on the determination date; if that underlier is below the buffer level of 70%, principal at maturity may be substantially reduced according to the disclosed buffer formula. The issuer may redeem the notes in whole on any coupon payment date commencing in June 2026 through February 2030.

GS Finance Corp. priced Contingent Income Callable Securities totaling $33,028,000 linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100. The securities pay a contingent quarterly coupon of $30.375 per $1,000 only when each index stays at or above a 70.00% downside threshold during the observation period. The notes are principal-at-risk: at maturity on March 23, 2028 investors receive $1,000 if all final index values are at/above their thresholds, otherwise the payment equals $1,000 multiplied by the worst-performing index performance factor (potentially below $700 and could be zero). GS&Co. may redeem the notes at par on coupon dates from June 25, 2026 through December 23, 2027. Estimated value at pricing was approximately $969 per $1,000; original issue price equals principal amount.