GOLDMAN SACHS GROUP INC SEC Filings

The offered notes are senior, cash-settled, S&P 500®-linked notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. The issuer will pay for each $1,000 face amount either $1,000 (if the final underlier level is equal to or less than the initial level) or $1,000 plus the underlier return subject to a maximum settlement amount of $1,127.50. The notes pay no interest, have an original issue price of 100% (net proceeds 99.5% after a 0.5% underwriting fee), and reference an initial S&P 500 level of 6,528.52. Trade date is March 31, 2026, original issue date April 6, 2026, determination date March 31, 2028, and stated maturity date April 5, 2028. The pricing supplement discloses that the original issue price exceeds model-estimated value, investors bear issuer/guarantor credit risk, market liquidity is not assured, and U.S. federal tax rules treat the notes as contingent payment debt instruments with a comparable yield of 4.4504% and a projected maturity payment of $1,093.35 on a $1,000 investment.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering non-interest bearing indexed notes linked to the S&P 500® Index with an expected trade date of April 2, 2026 and an expected stated maturity of April 4, 2031. The initial and final index levels will be arithmetic averages measured over specified initial and final averaging periods. Payouts vary by final index performance: tiered positive payoffs above 100% of the initial level with enhanced gearing in specified ranges, and full downside exposure—losing 1% of face for each 1% index decline below the initial level, up to complete loss of principal. Key numeric terms: face amount $10, cap level 182.00%, maximum settlement amount $21.85, upper contingent payment $15.76, lower contingent payment $12.56, upper/intermediate/lower upside gearing 1.45/4.00/0.80. The estimated model value at pricing is between $9.65 and $9.95 per $10 face; original issue price is 100% of face. Payments are cash-settled; GS&Co. is calculation agent and may exercise discretionary adjustments. The notes bear issuer and guarantor credit risk and are not FDIC insured.

GS Finance Corp. is offering structured, cash‑settled notes linked to the S&P 500® Index with an aggregate face amount of $2,311,000. The notes do not pay interest, carry a 100% upside participation rate, and include an automatic call on the call payment date that pays $1,050 per $1,000 if the underlier is at or above the initial level on the call observation date. The notes are guaranteed by The Goldman Sachs Group, Inc. and mature on April 9, 2029 unless automatically called earlier.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering contingent quarterly-coupon, autocallable medium-term notes linked to the S&P 500 Index. The aggregate face amount is $5,065,000, each $1,000 face amount pays a contingent quarterly coupon of $24.75 (2.475% quarterly, up to 9.90% per annum) if the underlier is at or above 75% of the initial level on observation dates. The notes will be automatically called if the S&P 500 closing level on a call observation date is greater than or equal to the initial underlier level of 6,528.52, in which case holders receive par plus any coupon then due. If not called, maturity cash settlement depends on final performance of the S&P 500: if the final level is below 75% of the initial level, principal is reduced in proportion to the underlier return; investors could lose their entire investment.

GS Finance Corp. offers structured notes (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $618,000. The notes pay no interest, can be automatically called early, and provide an upside participation rate of 200% linked to the lesser performing underlier.

If not called, the cash settlement at maturity on April 6, 2029 is based solely on the lesser performing underlier (MSCI EAFE and EURO STOXX 50), with a trigger buffer at 50% of the initial level and examples showing possible losses up to 100% of principal. The notes were priced on the trade date March 31, 2026 and have an original issue price of 100% of face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering auto-callable, buffered principal-at-risk notes linked to the iShares® MSCI Brazil ETF with expected original issue date April 10, 2026 and stated maturity April 12, 2029. The securities pay a fixed call payment of $1,160.00 per $1,000 if the ETF closes at or above the initial ETF price on the call observation date (expected April 14, 2027), otherwise payoff at maturity depends on ETF performance with a 200.00% leveraged upside, a buffer of at least 16.75%, and a minimum payment at maturity of at least $167.50 per $1,000.

The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., carry issuer and guarantor credit risk, have an estimated value range of $905 to $965 per $1,000 at pricing, and include an underwriting discount of 1.25% and a selling concession of $12.50 per security.

GS Finance Corp. is offering indexed, principal-at-risk notes with an aggregate face amount of $5,682,000. The notes pay a contingent monthly coupon of $9.167 per $1,000 (0.9167% monthly, up to approximately 11.00% per annum) only when each underlier meets its coupon trigger on an observation date. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices, carry coupon trigger levels at 70% of each initial level and trigger buffer levels at 60%. If not redeemed, the cash settlement at maturity (stated maturity April 6, 2029) will be based solely on the lesser performing underlier and can result in a loss of up to your entire investment. The issuer may redeem the notes on coupon payment dates beginning in October 2026 through March 2029.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, autocallable notes tied to four individual stocks with a stated maturity of April 7, 2031. Payments depend on monthly observation tests commencing April 2026; notes auto‑call if each index stock closes at or above its initial price on a call observation date. Coupons per $1,000 face amount are either a maximum $8.792 (0.8792% monthly, ~10.55% p.a.) or a minimum $0.209 (0.0209% monthly, ~0.25% p.a.), determined by whether each index stock is at least 80% of its initial price on the relevant observation date. The estimated model value on the trade date was approximately $952 per $1,000 face amount; original issue price is 100%. The offering carries issuer and guarantor credit risk and limited anti‑dilution protections; GS&Co. acts as calculation agent with discretionary powers affecting coupon determination and call timing.

GS Finance Corp. is offering Leveraged Callable Dow Jones Industrial Average®-Linked Notes due April 3, 2031 guaranteed by The Goldman Sachs Group, Inc. The aggregate original face amount shown is $1,719,000, issued at 100% of face on April 6, 2026. The notes do not pay interest, may be called on specified quarterly call payment dates beginning April 5, 2027, and pay at maturity either the face amount or, if the final DJIA level exceeds the initial level of 46,341.51, a leveraged upside equal to 1.1265 times the index return per $1,000 face. The estimated model value on the trade date was approximately $970 per $1,000 face; underwriting discount is 2.5%.